1st National Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, 1st National Bank & Trust of Bradenton, FL reported 141 mortgage applications totaling $27.7 million. The average application was for $196,375, and applicants reported an average income of $151,297. 60% of its applications resulted in an originated loan and 4% were denied. Its largest market was Sarasota-Bradenton, FL (140).
| Mortgage Company & Address | 1st National Bank & Trust 5817 Manatee Avenue W Bradenton, FL 34209 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 141 |
| Total Mortgage Loan Application Amount | $27,689,000 |
| Average Mortgage Loan Application Amount | $196,375 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $151,297 |
| Highest Applicant Income | $2,052,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1st National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Manatee, Florida | 124 | $ 15,553,000 | $ 125,427 | $ 94,000 |
| Sarasota, Florida | 16 | $ 12,121,000 | $ 757,562 | $ 275,000 |
Mortgage Loan Application Detail Totals for 1st National Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Home Purchase (one-to-four family) | 88 | $21,546,000 | $244,000 | $2,800,000 | $199,000 | $2,052,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 41 | $4,321,000 | $105,000 | $375,000 | $82,000 | $707,000 |
| Home Improvement (one-to-four family) | 9 | $487,000 | $54,000 | $302,000 | $51,000 | $128,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $1,335,000 | $445,000 | $1,110,000 | $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 | 93 | $15,464,000 | $166,000 | $2,140,000 | $87,000 | $901,000 |
| Not applicable | 37 | $8,347,000 | $225,000 | $2,800,000 | $320,000 | $2,052,000 |
| Information not provided by applicant in mail or telephone application | 9 | $3,684,000 | $409,000 | $1,742,000 | $114,000 | $507,000 |
| Black | 1 | $55,000 | $55,000 | $55,000 | $40,000 | $40,000 |
| Hispanic | 1 | $139,000 | $139,000 | $139,000 | $94,000 | $94,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 141 | $27,689,000 | $196,000 | $2,800,000 | $130,000 | $2,052,000 |
| 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 | 85 | $23,398,000 | $275,000 | $2,800,000 | $179,000 | $2,052,000 |
| Loan Purchased By The Institution | 30 | $1,005,000 | $33,000 | $56,000 | $0 | $0 |
| Application Withdrawn By Applicant | 21 | $2,969,000 | $141,000 | $400,000 | $67,000 | $157,000 |
| Application Denied By Financial Institution | 5 | $317,000 | $63,000 | $132,000 | $39,000 | $82,000 |
| 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 | 3 | $224,000 | $74,000 | $132,000 | $42,000 | $82,000 |
| Debt-To-Income Ratio | 2 | $93,000 | $46,000 | $58,000 | $36,000 | $46,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st National Bank & Trust'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 1st National Bank & Trust'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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