Merchants Bank of Indiana Mortgage Lending & HMDA Data, 2022
In 2022, Merchants Bank of Indiana of Carmel, IN reported 2,956 mortgage applications totaling $5.4 billion, down 35% from 2021. The average application was for $1,827,423, and applicants reported an average income of $162,757. 44% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (396), Providence-Warwick, RI-MA (156) and St. Louis, MO-IL (101) (applications in parentheses).
| Mortgage Company & Address | Merchants Bank of Indiana 11555 N. Meridian Street Carmel, IN 46032 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 2,956 |
| Total Mortgage Loan Application Amount | $5,401,865,000 |
| Average Mortgage Loan Application Amount | $1,827,423 |
| Highest Mortgage Loan Application Amount | $80,005,000 |
| Average Applicant Income | $162,757 |
| Highest Applicant Income | $3,960,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants Bank of Indiana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN | 396 | $ 830,540,000 | $ 2,097,323 | $ 180,000 |
| Outside any metro area | 234 | $ 279,830,000 | $ 1,195,854 | $ 139,000 |
| Providence-Warwick, RI-MA | 156 | $ 54,530,000 | $ 349,551 | $ 132,788 |
| St. Louis, MO-IL | 101 | $ 79,235,000 | $ 784,504 | $ 132,455 |
| Phoenix-Mesa-Scottsdale, AZ | 96 | $ 118,560,000 | $ 1,235,000 | $ 186,000 |
| Denver-Aurora-Lakewood, CO | 87 | $ 56,085,000 | $ 644,655 | $ 378,000 |
| Boston, MA | 76 | $ 31,650,000 | $ 416,447 | $ 141,000 |
| Canton-Massillon, OH | 52 | $ 9,120,000 | $ 175,384 | $ 90,000 |
| Chicago-Naperville, IL | 51 | $ 60,365,000 | $ 1,183,627 | $ 151,000 |
| Shreveport-Bossier City, LA | 51 | $ 13,925,000 | $ 273,039 | $ 0 |
| Boise City, ID | 49 | $ 37,655,000 | $ 768,469 | $ 182,000 |
| Columbus, OH | 45 | $ 69,755,000 | $ 1,550,111 | $ 170,000 |
| Oakland-Hayward-Berkeley, CA | 43 | $ 51,895,000 | $ 1,206,860 | $ 284,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 41 | $ 31,155,000 | $ 759,878 | $ 378,000 |
| Austin-Round Rock, TX | 40 | $ 31,650,000 | $ 791,250 | $ 0 |
| Alexandria, LA | 37 | $ 9,995,000 | $ 270,135 | $ 113,000 |
| Los Angeles-Long Beach-Glendale, CA | 37 | $ 30,765,000 | $ 831,486 | $ 145,000 |
| Houston-The Woodlands-Sugar Land, TX | 36 | $ 107,090,000 | $ 2,974,722 | $ 0 |
| Asheville, NC | 32 | $ 12,580,000 | $ 393,125 | $ 140,000 |
| Tampa-St. Petersburg-Clearwater, FL | 32 | $ 25,630,000 | $ 800,937 | $ 171,000 |
| Dayton-Springfield-Kettering, OH | 30 | $ 13,480,000 | $ 449,333 | $ 63,000 |
| Riverside-San Bernardino-Ontario, CA | 30 | $ 20,890,000 | $ 696,333 | $ 584,000 |
| Atlanta-Sandy Springs-Roswell, GA | 29 | $ 136,745,000 | $ 4,715,344 | $ 168,000 |
| San Diego-Carlsbad, CA | 27 | $ 26,235,000 | $ 971,666 | $ 138,000 |
| Seattle-Bellevue-Everett, WA | 27 | $ 24,255,000 | $ 898,333 | $ 526,000 |
| Tacoma-Lakewood, WA | 25 | $ 15,675,000 | $ 627,000 | $ 245,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 24 | $ 14,090,000 | $ 587,083 | $ 91,000 |
| Anaheim-Santa Ana-Irvine, CA | 23 | $ 21,665,000 | $ 941,956 | $ 614,000 |
| Dallas-Plano-Irving, TX | 23 | $ 172,525,000 | $ 7,501,086 | $ 85,000 |
| Kansas City, MO-KS | 23 | $ 113,155,000 | $ 4,919,782 | $ 209,000 |
| Las Vegas-Henderson-Paradise, NV | 23 | $ 12,315,000 | $ 535,434 | $ 165,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 23 | $ 18,235,000 | $ 792,826 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 22 | $ 8,590,000 | $ 390,454 | $ 146,000 |
| Charlotte-Concord-Gastonia, NC-SC | 21 | $ 69,165,000 | $ 3,293,571 | $ 0 |
| New York-Jersey City-White Plains, NY-NJ | 20 | $ 299,640,000 | $ 14,982,000 | $ 198,000 |
| Urban Honolulu, HI | 20 | $ 17,300,000 | $ 865,000 | $ 310,000 |
| Cincinnati, OH-KY-IN | 18 | $ 42,540,000 | $ 2,363,333 | $ 102,333 |
| Portland-South Portland, ME | 18 | $ 7,560,000 | $ 420,000 | $ 0 |
| Akron, OH | 17 | $ 7,425,000 | $ 436,764 | $ 94,000 |
| Chattanooga, TN-GA | 17 | $ 6,575,000 | $ 386,764 | $ 425,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 17 | $ 12,905,000 | $ 759,117 | $ 159,000 |
| Fort Collins, CO | 16 | $ 7,210,000 | $ 450,625 | $ 110,000 |
| Raleigh, NC | 16 | $ 66,210,000 | $ 4,138,125 | $ 200,000 |
| Spokane-Spokane Valley, WA | 16 | $ 8,130,000 | $ 508,125 | $ 0 |
| Provo-Orem, UT | 15 | $ 7,685,000 | $ 512,333 | $ 215,000 |
| Omaha-Council Bluffs, NE-IA | 14 | $ 45,700,000 | $ 3,264,285 | $ 163,000 |
| Monroe, LA | 13 | $ 12,365,000 | $ 951,153 | $ 126,000 |
| Birmingham-Hoover, AL | 12 | $ 34,760,000 | $ 2,896,666 | $ 436,000 |
| Cleveland-Elyria, OH | 12 | $ 136,620,000 | $ 11,385,000 | $ 99,000 |
| San Antonio-New Braunfels, TX | 12 | $ 47,080,000 | $ 3,923,333 | $ 0 |
| Charleston-North Charleston, SC | 11 | $ 10,115,000 | $ 919,545 | $ 161,000 |
| Colorado Springs, CO | 11 | $ 6,185,000 | $ 562,272 | $ 112,000 |
| Jacksonville, FL | 11 | $ 4,645,000 | $ 422,272 | $ 135,000 |
| Rapid City, SD | 11 | $ 4,705,000 | $ 427,727 | $ 0 |
| Auburn-Opelika, AL | 10 | $ 4,590,000 | $ 459,000 | $ 259,000 |
| Cambridge-Newton-Framingham, MA | 10 | $ 5,560,000 | $ 556,000 | $ 222,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 10 | $ 132,130,000 | $ 13,213,000 | $ 114,000 |
| Fresno, CA | 10 | $ 4,460,000 | $ 446,000 | $ 298,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 10 | $ 26,340,000 | $ 2,634,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 9 | $ 4,195,000 | $ 466,111 | $ 158,000 |
| Daphne-Fairhope-Foley, AL | 9 | $ 20,945,000 | $ 2,327,222 | $ 0 |
| Fort Wayne, IN | 9 | $ 18,865,000 | $ 2,096,111 | $ 57,000 |
| Grants Pass, OR | 9 | $ 4,885,000 | $ 542,777 | $ 0 |
| Gulfport-Biloxi-Pascagoula, MS | 9 | $ 40,375,000 | $ 4,486,111 | $ 0 |
| Jackson, MS | 9 | $ 56,205,000 | $ 6,245,000 | $ 0 |
| Killeen-Temple, TX | 9 | $ 14,665,000 | $ 1,629,444 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 9 | $ 7,565,000 | $ 840,555 | $ 182,000 |
| Montgomery, AL | 9 | $ 58,475,000 | $ 6,497,222 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 9 | $ 9,945,000 | $ 1,105,000 | $ 77,333 |
| Anchorage, AK | 8 | $ 13,750,000 | $ 1,718,750 | $ 95,000 |
| Baltimore-Columbia-Towson, MD | 8 | $ 2,980,000 | $ 372,500 | $ 0 |
| Baton Rouge, LA | 8 | $ 2,560,000 | $ 320,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 3,835,000 | $ 547,857 | $ 0 |
| Madison, WI | 7 | $ 2,485,000 | $ 355,000 | $ 167,000 |
| Tucson, AZ | 7 | $ 3,365,000 | $ 480,714 | $ 95,000 |
| Boulder, CO | 6 | $ 4,690,000 | $ 781,666 | $ 0 |
| Columbia, SC | 6 | $ 65,710,000 | $ 10,951,666 | $ 120,000 |
| Detroit-Dearborn-Livonia, MI | 6 | $ 18,100,000 | $ 3,016,666 | $ 0 |
| Elgin, IL | 6 | $ 1,460,000 | $ 243,333 | $ 128,000 |
| Evansville, IN-KY | 6 | $ 32,930,000 | $ 5,488,333 | $ 66,000 |
| Huntsville, AL | 6 | $ 18,110,000 | $ 3,018,333 | $ 0 |
| Lincoln, NE | 6 | $ 2,080,000 | $ 346,666 | $ 0 |
| Louisville/Jefferson County, KY-IN | 6 | $ 15,050,000 | $ 2,508,333 | $ 248,833 |
| Milwaukee-Waukesha-West Allis, WI | 6 | $ 64,670,000 | $ 10,778,333 | $ 0 |
| New Orleans-Metairie, LA | 6 | $ 2,120,000 | $ 353,333 | $ 124,000 |
| Rockingham County-Strafford County, NH | 6 | $ 3,180,000 | $ 530,000 | $ 0 |
| Weirton-Steubenville, WV-OH | 6 | $ 720,000 | $ 120,000 | $ 57,666 |
| Worcester, MA-CT | 6 | $ 2,420,000 | $ 403,333 | $ 140,333 |
| Barnstable Town, MA | 5 | $ 1,505,000 | $ 301,000 | $ 213,000 |
| Bend-Redmond, OR | 5 | $ 3,785,000 | $ 757,000 | $ 0 |
| Bloomington, IN | 5 | $ 16,095,000 | $ 3,219,000 | $ 302,000 |
| Des Moines-West Des Moines, IA | 5 | $ 83,875,000 | $ 16,775,000 | $ 0 |
| Fort Worth-Arlington, TX | 5 | $ 16,485,000 | $ 3,297,000 | $ 0 |
| Lake Charles, LA | 5 | $ 1,415,000 | $ 283,000 | $ 105,000 |
| Muncie, IN | 5 | $ 1,325,000 | $ 265,000 | $ 149,000 |
| Philadelphia, PA | 5 | $ 54,065,000 | $ 10,813,000 | $ 0 |
| Salt Lake City, UT | 5 | $ 3,915,000 | $ 783,000 | $ 126,000 |
| Washington-Baltimore-Arlington, DC | 5 | $ 42,045,000 | $ 8,409,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 2,325,000 | $ 465,000 | $ 112,000 |
| Youngstown-Warren-Boardman, OH-PA | 5 | $ 735,000 | $ 147,000 | $ 63,000 |
| Yuma, AZ | 5 | $ 2,445,000 | $ 489,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 4 | $ 37,740,000 | $ 9,435,000 | $ 0 |
| Bismarck, ND | 4 | $ 1,360,000 | $ 340,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 18,410,000 | $ 4,602,500 | $ 180,000 |
| Decatur, AL | 4 | $ 1,280,000 | $ 320,000 | $ 0 |
| El Paso, TX | 4 | $ 5,770,000 | $ 1,442,500 | $ 0 |
| Greeley, CO | 4 | $ 1,260,000 | $ 315,000 | $ 0 |
| Greensboro-High Point, NC | 4 | $ 12,650,000 | $ 3,162,500 | $ 225,000 |
| Greenville-Anderson-Mauldin, SC | 4 | $ 4,735,000 | $ 1,183,750 | $ 0 |
| Knoxville, TN | 4 | $ 2,510,000 | $ 627,500 | $ 273,000 |
| Lafayette, LA | 4 | $ 680,000 | $ 170,000 | $ 0 |
| Lexington-Fayette, KY | 4 | $ 2,280,000 | $ 570,000 | $ 164,000 |
| Little Rock-North Little Rock-Conway, AR | 4 | $ 43,780,000 | $ 10,945,000 | $ 0 |
| New York-Newark, NY | 4 | $ 35,850,000 | $ 8,962,500 | $ 0 |
| Newark, NJ-PA | 4 | $ 1,730,000 | $ 432,500 | $ 155,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 6,800,000 | $ 1,700,000 | $ 419,000 |
| Oklahoma City, OK | 4 | $ 1,040,000 | $ 260,000 | $ 0 |
| Olympia-Tumwater, WA | 4 | $ 2,150,000 | $ 537,500 | $ 0 |
| Reno, NV | 4 | $ 1,560,000 | $ 390,000 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 4 | $ 36,870,000 | $ 9,217,500 | $ 0 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 4 | $ 3,720,000 | $ 930,000 | $ 0 |
| Stockton-Lodi, CA | 4 | $ 2,930,000 | $ 732,500 | $ 162,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 1,510,000 | $ 377,500 | $ 0 |
| Brunswick, GA | 3 | $ 11,615,000 | $ 3,871,666 | $ 0 |
| Corpus Christi, TX | 3 | $ 27,625,000 | $ 9,208,333 | $ 0 |
| Flagstaff, AZ | 3 | $ 2,575,000 | $ 858,333 | $ 2,317,000 |
| Flint, MI | 3 | $ 7,865,000 | $ 2,621,666 | $ 0 |
| Gadsden, AL | 3 | $ 27,255,000 | $ 9,085,000 | $ 0 |
| Gary, IN | 3 | $ 45,695,000 | $ 15,231,666 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 11,075,000 | $ 3,691,666 | $ 0 |
| Hickory-Lenoir-Morganton, NC | 3 | $ 44,595,000 | $ 14,865,000 | $ 0 |
| Lafayette-West Lafayette, IN | 3 | $ 65,675,000 | $ 21,891,666 | $ 0 |
| Lewiston-Auburn, ME | 3 | $ 585,000 | $ 195,000 | $ 0 |
| Memphis, TN-MS-AR | 3 | $ 955,000 | $ 318,333 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 1,325,000 | $ 441,666 | $ 218,000 |
| Ocala, FL | 3 | $ 765,000 | $ 255,000 | $ 0 |
| Pine Bluff, AR | 3 | $ 15,975,000 | $ 5,325,000 | $ 0 |
| Prescott Valley-Prescott, AZ | 3 | $ 1,935,000 | $ 645,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 3,625,000 | $ 1,208,333 | $ 364,000 |
| San Rafael, CA | 3 | $ 3,185,000 | $ 1,061,666 | $ 0 |
| Santa Rosa, CA | 3 | $ 2,205,000 | $ 735,000 | $ 0 |
| St. George, UT | 3 | $ 2,015,000 | $ 671,666 | $ 0 |
| Terre Haute, IN | 3 | $ 425,000 | $ 141,666 | $ 66,000 |
| Winston-Salem, NC | 3 | $ 745,000 | $ 248,333 | $ 0 |
| Albany, GA | 2 | $ 10,220,000 | $ 5,110,000 | $ 0 |
| Albuquerque, NM | 2 | $ 520,000 | $ 260,000 | $ 0 |
| Ames, IA | 2 | $ 20,060,000 | $ 10,030,000 | $ 0 |
| Bakersfield, CA | 2 | $ 11,650,000 | $ 5,825,000 | $ 0 |
| Bellingham, WA | 2 | $ 1,010,000 | $ 505,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 30,010,000 | $ 15,005,000 | $ 0 |
| Camden, NJ | 2 | $ 1,180,000 | $ 590,000 | $ 0 |
| College Station-Bryan, TX | 2 | $ 750,000 | $ 375,000 | $ 0 |
| Columbus, IN | 2 | $ 20,400,000 | $ 10,200,000 | $ 235,000 |
| Dothan, AL | 2 | $ 540,000 | $ 270,000 | $ 0 |
| Erie, PA | 2 | $ 12,500,000 | $ 6,250,000 | $ 0 |
| Eugene, OR | 2 | $ 730,000 | $ 365,000 | $ 0 |
| Fayetteville, NC | 2 | $ 400,000 | $ 200,000 | $ 0 |
| Gainesville, FL | 2 | $ 71,500,000 | $ 35,750,000 | $ 0 |
| Grand Island, NE | 2 | $ 410,000 | $ 205,000 | $ 0 |
| Jacksonville, NC | 2 | $ 29,330,000 | $ 14,665,000 | $ 93,000 |
| Kingston, NY | 2 | $ 13,450,000 | $ 6,725,000 | $ 0 |
| Lakeland-Winter Haven, FL | 2 | $ 910,000 | $ 455,000 | $ 205,000 |
| Lubbock, TX | 2 | $ 22,840,000 | $ 11,420,000 | $ 0 |
| Lynchburg, VA | 2 | $ 410,000 | $ 205,000 | $ 0 |
| McAllen-Edinburg-Mission, TX | 2 | $ 230,000 | $ 115,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 62,940,000 | $ 31,470,000 | $ 0 |
| Missoula, MT | 2 | $ 1,550,000 | $ 775,000 | $ 0 |
| Mobile, AL | 2 | $ 11,070,000 | $ 5,535,000 | $ 0 |
| Modesto, CA | 2 | $ 800,000 | $ 400,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 1,110,000 | $ 555,000 | $ 238,000 |
| Norwich-New London, CT | 2 | $ 430,000 | $ 215,000 | $ 51,000 |
| Pocatello, ID | 2 | $ 640,000 | $ 320,000 | $ 0 |
| Port St. Lucie, FL | 2 | $ 880,000 | $ 440,000 | $ 0 |
| Racine, WI | 2 | $ 25,250,000 | $ 12,625,000 | $ 0 |
| Richmond, VA | 2 | $ 360,000 | $ 180,000 | $ 0 |
| Santa Maria-Santa Barbara, CA | 2 | $ 1,200,000 | $ 600,000 | $ 0 |
| Sebring, FL | 2 | $ 460,000 | $ 230,000 | $ 0 |
| Sioux Falls, SD | 2 | $ 14,150,000 | $ 7,075,000 | $ 0 |
| Springfield, OH | 2 | $ 230,000 | $ 115,000 | $ 50,000 |
| Topeka, KS | 2 | $ 340,000 | $ 170,000 | $ 0 |
| Tulsa, OK | 2 | $ 760,000 | $ 380,000 | $ 0 |
| Tuscaloosa, AL | 2 | $ 31,200,000 | $ 15,600,000 | $ 0 |
| Vallejo-Fairfield, CA | 2 | $ 1,330,000 | $ 665,000 | $ 0 |
| Wenatchee, WA | 2 | $ 1,470,000 | $ 735,000 | $ 0 |
| Wilmington, NC | 2 | $ 10,560,000 | $ 5,280,000 | $ 0 |
| Appleton, WI | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Atlantic City-Hammonton, NJ | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Battle Creek, MI | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Beaumont-Port Arthur, TX | 1 | $ 13,725,000 | $ 13,725,000 | $ 0 |
| Beckley, WV | 1 | $ 3,915,000 | $ 3,915,000 | $ 0 |
| Billings, MT | 1 | $ 725,000 | $ 725,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Bowling Green, KY | 1 | $ 155,000 | $ 155,000 | $ 111,000 |
| Charleston, WV | 1 | $ 10,455,000 | $ 10,455,000 | $ 0 |
| Charlottesville, VA | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Coeur D'Alene, ID | 1 | $ 1,085,000 | $ 1,085,000 | $ 354,000 |
| Columbia, MO | 1 | $ 125,000 | $ 125,000 | $ 202,000 |
| East Stroudsburg, PA | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Fargo, ND-MN | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Grand Junction, CO | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Green Bay, WI | 1 | $ 9,305,000 | $ 9,305,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Hattiesburg, MS | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Homosassa Springs, FL | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 175,000 | $ 175,000 | $ 47,000 |
| Idaho Falls, ID | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Janesville-Beloit, WI | 1 | $ 185,000 | $ 185,000 | $ 111,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 1,315,000 | $ 1,315,000 | $ 575,000 |
| Kalamazoo-Portage, MI | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Kennewick-Richland, WA | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 295,000 | $ 295,000 | $ 125,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Longview, WA | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Manhattan, KS | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Mankato-North Mankato, MN | 1 | $ 425,000 | $ 425,000 | $ 94,000 |
| Medford, OR | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Mount Vernon-Anacortes, WA | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Muskegon, MI | 1 | $ 385,000 | $ 385,000 | $ 206,000 |
| Nassau County-Suffolk County, NY | 1 | $ 395,000 | $ 395,000 | $ 0 |
| New Bern, NC | 1 | $ 205,000 | $ 205,000 | $ 0 |
| New Haven-Milford, CT | 1 | $ 395,000 | $ 395,000 | $ 123,000 |
| Ogden-Clearfield, UT | 1 | $ 775,000 | $ 775,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Panama City, FL | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 26,275,000 | $ 26,275,000 | $ 0 |
| Pueblo, CO | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Roanoke, VA | 1 | $ 1,245,000 | $ 1,245,000 | $ 0 |
| Rochester, NY | 1 | $ 1,925,000 | $ 1,925,000 | $ 0 |
| Saginaw, MI | 1 | $ 31,745,000 | $ 31,745,000 | $ 0 |
| Salem, OR | 1 | $ 1,105,000 | $ 1,105,000 | $ 0 |
| San Angelo, TX | 1 | $ 745,000 | $ 745,000 | $ 0 |
| Savannah, GA | 1 | $ 1,755,000 | $ 1,755,000 | $ 673,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 16,805,000 | $ 16,805,000 | $ 0 |
| Toledo, OH | 1 | $ 51,405,000 | $ 51,405,000 | $ 0 |
| Waterloo-Cedar Falls, IA | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Wheeling, WV-OH | 1 | $ 305,000 | $ 305,000 | $ 103,000 |
| Wichita Falls, TX | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Wichita, KS | 1 | $ 245,000 | $ 245,000 | $ 70,000 |
| Wilmington, DE-MD-NJ | 1 | $ 495,000 | $ 495,000 | $ 0 |
Mortgage Loan Application Detail Totals for Merchants Bank of Indiana in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,484 | $3,148,640,000 | $2,121,000 | $63,105,000 | $137,000 | $2,184,000 |
| Cash-out Refinancing | 1,221 | $625,055,000 | $511,000 | $10,005,000 | $200,000 | $3,960,000 |
| Refinancing | 192 | $1,334,635,000 | $6,987,000 | $80,005,000 | $125,000 | $710,000 |
| Home Improvement | 59 | $293,535,000 | $4,975,000 | $29,405,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 1,706 | $4,971,835,000 | $2,916,000 | $80,005,000 | $0 | $0 |
| White | 897 | $310,265,000 | $345,000 | $10,005,000 | $162,000 | $3,960,000 |
| Not Provided | 116 | $49,630,000 | $427,000 | $2,305,000 | $208,000 | $2,399,000 |
| Asian | 105 | $32,295,000 | $307,000 | $1,315,000 | $112,000 | $575,000 |
| Black or African American | 62 | $14,690,000 | $236,000 | $795,000 | $101,000 | $498,000 |
| Hispanic | 62 | $20,830,000 | $335,000 | $1,085,000 | $125,000 | $502,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,285,000 | $257,000 | $625,000 | $101,000 | $192,000 |
| American Indian or Alaskan Native | 2 | $530,000 | $265,000 | $285,000 | $74,000 | $79,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 2,886 | $5,383,805,000 | $1,866,000 | $80,005,000 | $159,000 | $3,960,000 |
| FHA-insured (Federal Housing Administration) | 69 | $17,865,000 | $258,000 | $565,000 | $74,000 | $141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $195,000 | $195,000 | $195,000 | $64,000 | $64,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Purchased By The Institution | 1,411 | $787,695,000 | $558,000 | $4,505,000 | $0 | $0 |
| Loan Originated | 1,306 | $4,520,425,000 | $3,463,000 | $80,005,000 | $157,000 | $2,399,000 |
| Application Denied By Financial Institution | 83 | $38,985,000 | $469,000 | $10,005,000 | $107,000 | $718,000 |
| Application Withdrawn By Applicant | 73 | $26,545,000 | $363,000 | $2,005,000 | $233,000 | $3,960,000 |
| Application Approved But Not Accepted | 72 | $24,380,000 | $338,000 | $2,305,000 | $137,000 | $873,000 |
| File Closed For Incompleteness | 11 | $3,835,000 | $348,000 | $1,255,000 | $164,000 | $430,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 2,873 | $5,362,880,000 | $1,867,000 | $80,005,000 | $160,000 | $3,960,000 |
| Debt-To-Income Ratio | 51 | $28,915,000 | $566,000 | $10,005,000 | $92,000 | $718,000 |
| Collateral | 11 | $4,335,000 | $394,000 | $1,325,000 | $131,000 | $287,000 |
| Credit History | 10 | $1,860,000 | $186,000 | $355,000 | $85,000 | $158,000 |
| Other | 7 | $2,415,000 | $345,000 | $765,000 | $221,000 | $519,000 |
| Unverifiable Information | 2 | $880,000 | $440,000 | $455,000 | $105,000 | $124,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $245,000 | $245,000 | $245,000 | $71,000 | $71,000 |
| Credit Application Incomplete | 1 | $335,000 | $335,000 | $335,000 | $68,000 | $68,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank of Indiana's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Merchants Bank of Indiana's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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