The Merchants Bank & Trust Co. Mortgage Lending & HMDA Data, 2010
In 2010, The Merchants Bank & Trust Co. of West Harrison, IN reported 254 mortgage applications totaling $37.3 million, down 21% from 2009. The average application was for $146,874, and applicants reported an average income of $105,228. 81% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (249) and Columbus, OH (1).
| 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 | 254 |
| Total Mortgage Loan Application Amount | $37,306,000 |
| Average Mortgage Loan Application Amount | $146,874 |
| Highest Mortgage Loan Application Amount | $1,328,000 |
| Average Applicant Income | $105,228 |
| Highest Applicant Income | $883,000 |
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records The Merchants Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 112 | $ 11,833,000 | $ 105,651 | $ 84,000 |
| Hamilton, Ohio | 94 | $ 18,506,000 | $ 196,872 | $ 129,000 |
| Franklin, Indiana | 14 | $ 1,029,000 | $ 73,500 | $ 60,000 |
| Butler, Ohio | 9 | $ 819,000 | $ 91,000 | $ 56,000 |
| Warren, Ohio | 6 | $ 1,842,000 | $ 307,000 | $ 204,000 |
| Ohio, Indiana | 5 | $ 719,000 | $ 143,800 | $ 86,000 |
| Ripley, Indiana | 3 | $ 323,000 | $ 107,666 | $ 93,000 |
| Boone, Kentucky | 3 | $ 538,000 | $ 179,333 | $ 64,000 |
| Clermont, Ohio | 3 | $ 835,000 | $ 278,333 | $ 185,000 |
| Campbell, Kentucky | 2 | $ 444,000 | $ 222,000 | $ 119,000 |
| Switzerland, Indiana | 1 | $ 156,000 | $ 156,000 | $ 46,000 |
| Grant, Kentucky | 1 | $ 188,000 | $ 188,000 | $ 773,000 |
| Franklin, Ohio | 1 | $ 74,000 | $ 74,000 | $ 218,000 |
Mortgage Loan Application Detail Totals for The Merchants Bank & Trust Co. in 2010
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 | 161 | $26,698,000 | $165,000 | $840,000 | $114,000 | $773,000 |
| Home Purchase | 50 | $8,399,000 | $167,000 | $1,328,000 | $109,000 | $883,000 |
| Home Improvement | 43 | $2,209,000 | $51,000 | $204,000 | $68,000 | $187,000 |
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 | 243 | $34,560,000 | $142,000 | $1,328,000 | $109,000 | $883,000 |
| Not applicable | 4 | $2,114,000 | $528,000 | $975,000 | $0 | $0 |
| Not Provided | 3 | $32,000 | $10,000 | $25,000 | $34,000 | $71,000 |
| Hispanic | 2 | $36,000 | $18,000 | $30,000 | $45,000 | $72,000 |
| American Indian or Alaskan Native | 1 | $164,000 | $164,000 | $164,000 | $23,000 | $23,000 |
| Asian | 1 | $400,000 | $400,000 | $400,000 | $135,000 | $135,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 254 | $37,306,000 | $146,000 | $1,328,000 | $106,000 | $883,000 |
| 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 | 205 | $29,150,000 | $142,000 | $975,000 | $105,000 | $773,000 |
| Application Denied By Financial Institution | 33 | $4,199,000 | $127,000 | $840,000 | $79,000 | $282,000 |
| Application Approved But Not Accepted | 11 | $3,158,000 | $287,000 | $1,328,000 | $180,000 | $883,000 |
| Application Withdrawn By Applicant | 3 | $102,000 | $34,000 | $55,000 | $8,000 | $25,000 |
| File Closed For Incompleteness | 2 | $697,000 | $348,000 | $417,000 | $284,000 | $464,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 13 | $2,063,000 | $158,000 | $840,000 | $69,000 | $252,000 |
| Collateral | 10 | $1,466,000 | $146,000 | $417,000 | $118,000 | $282,000 |
| Credit History | 9 | $620,000 | $68,000 | $200,000 | $55,000 | $118,000 |
| Credit Application Incomplete | 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 2010 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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