The Merchants Bank & Trust Co. Mortgage Lending & HMDA Data, 2003
In 2003, The Merchants Bank & Trust Co. of West Harrison, IN reported 479 mortgage applications totaling $55.9 million. The average application was for $116,759, and applicants reported an average income of $58,089. 89% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cincinnati, OH-KY-IN (126), Hamilton-Middletown, OH (19) and Columbus, OH (2) (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 | 479 |
| Total Mortgage Loan Application Amount | $55,928,000 |
| Average Mortgage Loan Application Amount | $116,759 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $58,089 |
| Highest Applicant Income | $599,000 |
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records The Merchants Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cincinnati, OH-KY-IN | 126 | $ 17,485,000 | $ 138,769 | $ 58,000 |
| Hamilton-Middletown, OH | 19 | $ 2,639,000 | $ 138,894 | $ 97,000 |
| Columbus, OH | 2 | $ 756,000 | $ 378,000 | $ 0 |
| Indianapolis, IN | 1 | $ 64,000 | $ 64,000 | $ 0 |
| Lexington, KY | 1 | $ 950,000 | $ 950,000 | $ 503,000 |
Mortgage Loan Application Detail Totals for The Merchants Bank & Trust Co. in 2003
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 (home purchase or home improvement, one-to-four family) | 355 | $39,485,000 | $162,250 | $950,000 | $126,750 | $503,000 |
| Home Purchase (one-to-four family) | 87 | $10,153,000 | $120,000 | $2,000,000 | $67,500 | $599,000 |
| Home Improvement (one-to-four family) | 24 | $554,000 | $26,000 | $182,000 | $59,000 | $361,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 13 | $5,736,000 | $488,000 | $1,400,000 | $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 |
|---|---|---|---|---|---|---|
| White | 444 | $48,153,000 | $162,250 | $2,000,000 | $131,500 | $599,000 |
| Not applicable | 26 | $7,310,000 | $247,000 | $1,400,000 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 3 | $64,000 | $21,000 | $24,000 | $64,500 | $67,000 |
| Black | 3 | $209,000 | $64,000 | $82,000 | $53,500 | $82,000 |
| Other | 2 | $140,000 | $70,000 | $118,000 | $42,000 | $42,000 |
| Hispanic | 1 | $52,000 | $52,000 | $52,000 | $22,000 | $22,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or 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) | 479 | $55,928,000 | $168,250 | $2,000,000 | $124,750 | $599,000 |
| 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 | 427 | $48,258,000 | $92,750 | $2,000,000 | $109,250 | $599,000 |
| Application Withdrawn By Applicant | 24 | $3,022,000 | $366,666 | $950,000 | $202,666 | $503,000 |
| Application Denied By Financial Institution | 18 | $3,187,000 | $206,500 | $1,288,000 | $37,500 | $103,000 |
| Loan Purchased By The Institution | 10 | $1,461,000 | $146,000 | $672,000 | $51,000 | $130,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 10 | $2,193,000 | $219,000 | $1,288,000 | $35,500 | $103,000 |
| Debt-To-Income Ratio | 2 | $49,000 | $24,000 | $46,000 | $59,000 | $103,000 |
| Employment History | 1 | $65,000 | $65,000 | $65,000 | $36,000 | $36,000 |
| Other | 1 | $666,000 | $666,000 | $666,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Merchants Bank & Trust Co.'s 2003 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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