# First Farmers Bank & Trust Co.

> **Canonical URL:** https://saferate.com/lenders/first-farmers-bank-trust


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First Farmers Bank & Trust Co. is a bank, headquartered in Converse, IN, serving borrowers across 3 states, with 306 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 61% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 52% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300TWHZRVTZ8RYT46
- **Headquarters:** Converse, IN
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** FL, IL, IN
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 39/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 48/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.617%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $984
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 306
- **Dollar Volume:** $69 million
- **Applications Received:** 477
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $225,621
- **Average Borrower Income:** $120,843
- **Average Property Value:** $319,967

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 66/100 | 302 | +0.616% | $983 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 220 loans, Score: 64/100 (Strong)
- Refinance: 82 loans, Score: 67/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 61/100 | 222 | $52M | +0.580% | Strong 😀 |
| Refinance | 65/100 | 84 | $17M | +0.719% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 284 | 0.31% | 77/100 |
| IL | 21 | 0.02% | 47/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 127 | 60/100 |
| Kokomo, IN | IN | 57 | 88/100 |
| Indianapolis | IN | 56 | 64/100 |
| Terre Haute, IN | IN | 38 | 69/100 |
| Lafayette | IN | 17 | 52/100 |

## Where This Lender Ranks

First Farmers Bank & Trust Co. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Kokomo, IN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kokomo-in/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Kokomo, IN for Conventional Loans
  - [View Full Rankings](https://saferate.com/kokomo-in/best-mortgage-lenders/conventional-loans)
- 🏆 **#6** in Terre Haute, IN Banks
  - [View Full Rankings](https://saferate.com/terre-haute-in/best-mortgage-lenders/banks)
- 🏆 **#6** in Terre Haute, IN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/terre-haute-in/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Terre Haute, IN for Conventional Loans
  - [View Full Rankings](https://saferate.com/terre-haute-in/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Lafayette for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#11** in Kokomo, IN
  - [View Full Rankings](https://saferate.com/kokomo-in/best-mortgage-lenders)
- 🏆 **#14** in Terre Haute, IN
  - [View Full Rankings](https://saferate.com/terre-haute-in/best-mortgage-lenders)
- 🏆 **#18** in Indiana for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#20** in Lafayette for Conventional Loans
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does First Farmers Bank & Trust Co. offer?

First Farmers Bank & Trust Co. offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Farmers Bank & Trust Co. offer mortgages?

First Farmers Bank & Trust Co. offers mortgages in 3 states: FL, IL, IN.

### How competitive are First Farmers Bank & Trust Co.'s mortgage rates?

First Farmers Bank & Trust Co. has a pricing score of 39/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.617% above market average.

### What type of lender is First Farmers Bank & Trust Co.?

First Farmers Bank & Trust Co. is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Converse, IN.

### What is First Farmers Bank & Trust Co.'s loan approval success rate?

First Farmers Bank & Trust Co. has a pull-through score of 48/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-farmers-bank-trust

### How to Cite

> "First Farmers Bank & Trust Co. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-farmers-bank-trust

---

**[View Interactive Profile →](https://saferate.com/lenders/first-farmers-bank-trust)**