The Merchants Bank & Trust Co. Mortgage Lending & HMDA Data, 2009
In 2009, The Merchants Bank & Trust Co. of West Harrison, IN reported 322 mortgage applications totaling $55.3 million, up 164% from 2008. The average application was for $171,711, and applicants reported an average income of $108,344. 85% of its applications resulted in an originated loan and 6% were denied. Its largest market was Cincinnati-Middletown, OH-KY-IN (318).
| 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 | 322 |
| Total Mortgage Loan Application Amount | $55,291,000 |
| Average Mortgage Loan Application Amount | $171,711 |
| Highest Mortgage Loan Application Amount | $6,200,000 |
| Average Applicant Income | $108,344 |
| Highest Applicant Income | $868,000 |
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records The Merchants Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dearborn, Indiana | 179 | $ 21,541,000 | $ 120,340 | $ 86,000 |
| Hamilton, Ohio | 95 | $ 25,427,000 | $ 267,652 | $ 151,000 |
| Franklin, Indiana | 14 | $ 1,577,000 | $ 112,642 | $ 64,000 |
| Butler, Ohio | 11 | $ 1,830,000 | $ 166,363 | $ 74,000 |
| Clermont, Ohio | 5 | $ 1,344,000 | $ 268,800 | $ 133,000 |
| Ohio, Indiana | 4 | $ 399,000 | $ 99,750 | $ 71,000 |
| Warren, Ohio | 4 | $ 1,214,000 | $ 303,500 | $ 250,000 |
| Switzerland, Indiana | 2 | $ 195,000 | $ 97,500 | $ 129,000 |
| Boone, Kentucky | 2 | $ 471,000 | $ 235,500 | $ 188,000 |
| Campbell, Kentucky | 2 | $ 657,000 | $ 328,500 | $ 258,000 |
| Kenton, Kentucky | 2 | $ 228,000 | $ 114,000 | $ 78,000 |
| Jefferson, Indiana | 1 | $ 111,000 | $ 111,000 | $ 46,000 |
| Ripley, Indiana | 1 | $ 297,000 | $ 297,000 | $ 94,000 |
Mortgage Loan Application Detail Totals for The Merchants Bank & Trust Co. in 2009
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 | 249 | $45,233,000 | $181,000 | $6,200,000 | $106,000 | $868,000 |
| Home Purchase | 46 | $8,347,000 | $181,000 | $2,000,000 | $123,000 | $496,000 |
| Home Improvement | 27 | $1,711,000 | $63,000 | $421,000 | $105,000 | $499,000 |
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 | 299 | $43,210,000 | $144,000 | $677,000 | $106,000 | $868,000 |
| Asian | 6 | $737,000 | $122,000 | $300,000 | $150,000 | $481,000 |
| Hispanic | 5 | $1,120,000 | $224,000 | $417,000 | $305,000 | $488,000 |
| Not applicable | 5 | $8,944,000 | $1,788,000 | $6,200,000 | $0 | $0 |
| Not Provided | 5 | $1,053,000 | $210,000 | $417,000 | $114,000 | $147,000 |
| American Indian or Alaskan Native | 2 | $227,000 | $113,000 | $167,000 | $71,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 322 | $55,291,000 | $171,000 | $6,200,000 | $108,000 | $868,000 |
| 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 | 274 | $47,437,000 | $173,000 | $6,200,000 | $101,000 | $499,000 |
| Application Withdrawn By Applicant | 27 | $4,977,000 | $184,000 | $417,000 | $150,000 | $488,000 |
| Application Denied By Financial Institution | 20 | $2,831,000 | $141,000 | $396,000 | $132,000 | $868,000 |
| Application Approved But Not Accepted | 1 | $46,000 | $46,000 | $46,000 | $310,000 | $310,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $780,000 | $156,000 | $300,000 | $82,000 | $147,000 |
| Debt-To-Income Ratio | 5 | $573,000 | $114,000 | $232,000 | $75,000 | $133,000 |
| Collateral | 5 | $670,000 | $134,000 | $237,000 | $53,000 | $111,000 |
| Other | 4 | $666,000 | $166,000 | $396,000 | $389,000 | $868,000 |
| Employment History | 1 | $142,000 | $142,000 | $142,000 | $34,000 | $34,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Merchants Bank & Trust Co.'s 2009 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.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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