The Merchants Bank & Trust Co. Mortgage Lending & HMDA Data, 2013
In 2013, The Merchants Bank & Trust Co. of West Harrison, IN reported 272 mortgage applications totaling $39.3 million, down 24% from 2012. The average application was for $144,301, and applicants reported an average income of $94,044. 85% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (267), Columbus, IN (1) and Columbus, OH (1) (applications in parentheses).
| Mortgage Company & Address | The Merchants Bank & Trust Co. 111 N. State St. West Harrison, IN 47060 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 272 |
| Total Mortgage Loan Application Amount | $39,250,000 |
| Average Mortgage Loan Application Amount | $144,301 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $94,044 |
| Highest Applicant Income | $913,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Merchants Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Merchants Bank & Trust Co. in 2013
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 |
|---|---|---|---|---|---|---|
| Refinancing | 152 | $20,621,000 | $135,000 | $400,000 | $92,000 | $666,000 |
| Home Purchase | 94 | $16,922,000 | $180,000 | $1,300,000 | $104,000 | $913,000 |
| Home Improvement | 26 | $1,707,000 | $65,000 | $260,000 | $70,000 | $193,000 |
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 |
|---|---|---|---|---|---|---|
| White | 253 | $34,168,000 | $135,000 | $959,000 | $98,000 | $913,000 |
| Not applicable | 10 | $4,191,000 | $419,000 | $1,300,000 | $5,000 | $57,000 |
| Hispanic | 5 | $337,000 | $67,000 | $107,000 | $57,000 | $120,000 |
| Asian | 2 | $158,000 | $79,000 | $120,000 | $94,000 | $162,000 |
| Black or African American | 2 | $396,000 | $198,000 | $267,000 | $74,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 272 | $39,250,000 | $144,000 | $1,300,000 | $94,000 | $913,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Originated | 232 | $33,584,000 | $144,000 | $959,000 | $100,000 | $913,000 |
| Application Denied By Financial Institution | 35 | $5,209,000 | $148,000 | $1,300,000 | $58,000 | $170,000 |
| Application Withdrawn By Applicant | 3 | $155,000 | $51,000 | $90,000 | $46,000 | $91,000 |
| Application Approved But Not Accepted | 2 | $302,000 | $151,000 | $209,000 | $55,000 | $62,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Merchants Bank & Trust Co.'s 2013 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 The Merchants Bank & Trust Co.'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.
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