The Merchants Bank & Trust Co. Mortgage Lending & HMDA Data, 2008
In 2008, The Merchants Bank & Trust Co. of West Harrison, IN reported 122 mortgage applications totaling $14.2 million, down 35% from 2007. The average application was for $116,180, and applicants reported an average income of $80,139. 85% of its applications resulted in an originated loan and 10% were denied. Its largest market was Cincinnati-Middletown, OH-KY-IN (120).
| 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 | 122 |
| Total Mortgage Loan Application Amount | $14,174,000 |
| Average Mortgage Loan Application Amount | $116,180 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $80,139 |
| Highest Applicant Income | $608,000 |
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records The Merchants Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 61 | $7,817,000 | $128,000 | $1,200,000 | $85,000 | $608,000 |
| Home Purchase | 35 | $5,531,000 | $158,000 | $1,120,000 | $74,000 | $362,000 |
| Home Improvement | 26 | $826,000 | $31,000 | $116,000 | $77,000 | $246,000 |
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 | 109 | $11,215,000 | $102,000 | $1,120,000 | $86,000 | $608,000 |
| Not applicable | 7 | $2,413,000 | $344,000 | $1,200,000 | $0 | $0 |
| Black or African American | 5 | $526,000 | $105,000 | $230,000 | $70,000 | $119,000 |
| Not Provided | 1 | $20,000 | $20,000 | $20,000 | $60,000 | $60,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 122 | $14,174,000 | $116,000 | $1,200,000 | $80,000 | $608,000 |
| 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 | 104 | $12,224,000 | $117,000 | $1,200,000 | $83,000 | $608,000 |
| Application Denied By Financial Institution | 12 | $1,416,000 | $118,000 | $300,000 | $75,000 | $225,000 |
| Application Withdrawn By Applicant | 5 | $514,000 | $102,000 | $200,000 | $34,000 | $139,000 |
| Application Approved But Not Accepted | 1 | $20,000 | $20,000 | $20,000 | $60,000 | $60,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $826,000 | $165,000 | $300,000 | $86,000 | $225,000 |
| Other | 4 | $480,000 | $120,000 | $280,000 | $68,000 | $167,000 |
| Collateral | 2 | $19,000 | $9,000 | $10,000 | $73,000 | $95,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Merchants Bank & Trust Co.'s 2008 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About