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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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SOUTHERN BANK OF COMMERCE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN BANK OF COMMERCE |
| Address | 1727 W KINGSHIGHWAY
PARAGOULD, AR 72450 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 75 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,909,000 |
| Average Mortgage Loan Amount Applied For | $28,375 |
| Highest Mortgage Loan Amount Applied For | $201,000 |
| Average Applicant Income | $43,000 |
| Highest Applicant Income | $202,000 |
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| Home Improvement |
5 | $50,000 |
$10,000 | $22,000 |
$24,000 | $34,000 |
| Home Purchase |
33 | $1,558,000 |
$47,000 | $120,000 |
$50,000 | $202,000 |
| Refinancing |
37 | $1,301,000 |
$35,000 | $201,000 |
$50,000 | $144,000 |
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| American Indian or Alaskan Native |
1 | $9,000 |
$9,000 | $9,000 |
$90,000 | $90,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $68,000 |
$22,000 | $44,000 |
$28,000 | $35,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
71 | $2,832,000 |
$39,000 | $201,000 |
$48,000 | $202,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
75 | $2,909,000 |
$38,000 | $201,000 |
$48,000 | $202,000 |
| 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 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
25 | $752,000 |
$30,000 | $120,000 |
$32,000 | $90,000 |
| Application Withdrawn By Applicant |
1 | $10,000 |
$10,000 | $10,000 |
$24,000 | $24,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
49 | $2,147,000 |
$43,000 | $201,000 |
$56,000 | $202,000 |
| 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 |
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| 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 |
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Mortgage Loan App Totals for SOUTHERN BANK OF COMMERCE by:
Metropolitan Area And
County
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