The Merchants Bank & Trust Co. Mortgage Lending & HMDA Data, 2012
In 2012, The Merchants Bank & Trust Co. of West Harrison, IN reported 359 mortgage applications totaling $51.2 million, up 133% from 2011. The average application was for $142,529, and applicants reported an average income of $96,707. 86% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (346), Indianapolis-Carmel, IN (2) 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 | 359 |
| Total Mortgage Loan Application Amount | $51,168,000 |
| Average Mortgage Loan Application Amount | $142,529 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $96,707 |
| Highest Applicant Income | $1,750,000 |
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records The Merchants Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 198 | $ 23,251,000 | $ 117,429 | $ 73,000 |
| Hamilton, Ohio | 94 | $ 16,254,000 | $ 172,914 | $ 140,000 |
| Franklin, Indiana | 15 | $ 1,954,000 | $ 130,266 | $ 62,000 |
| Butler, Ohio | 15 | $ 3,742,000 | $ 249,466 | $ 122,000 |
| Boone, Kentucky | 9 | $ 1,207,000 | $ 134,111 | $ 84,000 |
| Ohio, Indiana | 7 | $ 690,000 | $ 98,571 | $ 82,000 |
| Ripley, Indiana | 5 | $ 687,000 | $ 137,400 | $ 46,000 |
| Warren, Ohio | 4 | $ 1,067,000 | $ 266,750 | $ 169,000 |
| Clermont, Ohio | 2 | $ 643,000 | $ 321,500 | $ 196,000 |
| Hendricks, Indiana | 1 | $ 181,000 | $ 181,000 | $ 118,000 |
| Lake, Indiana | 1 | $ 239,000 | $ 239,000 | $ 46,000 |
| Marion, Indiana | 1 | $ 84,000 | $ 84,000 | $ 44,000 |
| Switzerland, Indiana | 1 | $ 214,000 | $ 214,000 | $ 121,000 |
| Grant, Kentucky | 1 | $ 162,000 | $ 162,000 | $ 757,000 |
| Pendleton, Kentucky | 1 | $ 247,000 | $ 247,000 | $ 95,000 |
| Russell, Kentucky | 1 | $ 57,000 | $ 57,000 | $ 236,000 |
| Wayne, New York | 1 | $ 218,000 | $ 218,000 | $ 133,000 |
| Adams, Ohio | 1 | $ 86,000 | $ 86,000 | $ 71,000 |
| Franklin, Ohio | 1 | $ 185,000 | $ 185,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for The Merchants Bank & Trust Co. in 2012
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 | 283 | $43,492,000 | $153,000 | $1,800,000 | $92,000 | $757,000 |
| Home Purchase | 50 | $6,074,000 | $121,000 | $417,000 | $131,000 | $1,750,000 |
| Home Improvement | 26 | $1,602,000 | $61,000 | $165,000 | $82,000 | $256,000 |
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 | 349 | $47,656,000 | $136,000 | $810,000 | $98,000 | $1,750,000 |
| Not applicable | 4 | $2,785,000 | $696,000 | $1,800,000 | $0 | $0 |
| Asian | 3 | $472,000 | $157,000 | $180,000 | $101,000 | $199,000 |
| Hispanic | 2 | $70,000 | $35,000 | $38,000 | $43,000 | $62,000 |
| Not Provided | 1 | $185,000 | $185,000 | $185,000 | $75,000 | $75,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 359 | $51,168,000 | $142,000 | $1,800,000 | $97,000 | $1,750,000 |
| 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 | 309 | $44,220,000 | $143,000 | $1,800,000 | $101,000 | $1,750,000 |
| Application Denied By Financial Institution | 34 | $4,767,000 | $140,000 | $394,000 | $60,000 | $194,000 |
| Application Approved But Not Accepted | 9 | $1,378,000 | $153,000 | $334,000 | $60,000 | $116,000 |
| Application Withdrawn By Applicant | 6 | $612,000 | $102,000 | $136,000 | $131,000 | $236,000 |
| Loan Purchased By The Institution | 1 | $191,000 | $191,000 | $191,000 | $48,000 | $48,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 2012 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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with aggregated HMDA statistics today.
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