American Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, American Bank & Trust of Lake Wales, FL reported 97 mortgage applications totaling $11.9 million, down 41% from 2003. The average application was for $122,185, and applicants reported an average income of $66,051. 62% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Lakeland, FL (85), Tampa-St. Petersburg-Clearwater, FL (3) and Jacksonville, FL (1) (applications in parentheses).
| Mortgage Company & Address | American Bank & Trust 222 State Road 60 East Lake Wales, FL 33853 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 97 |
| Total Mortgage Loan Application Amount | $11,852,000 |
| Average Mortgage Loan Application Amount | $122,185 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $66,051 |
| Highest Applicant Income | $1,140,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for American Bank & Trust in 2004
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 | 72 | $8,971,000 | $124,000 | $700,000 | $71,000 | $1,140,000 |
| Refinancing | 22 | $2,536,000 | $115,000 | $308,000 | $56,000 | $635,000 |
| Home Improvement | 3 | $345,000 | $115,000 | $225,000 | $21,000 | $61,000 |
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 | 77 | $9,211,000 | $119,000 | $700,000 | $60,000 | $635,000 |
| Not Provided | 11 | $1,368,000 | $124,000 | $396,000 | $86,000 | $1,140,000 |
| Black or African American | 3 | $638,000 | $212,000 | $308,000 | $88,000 | $114,000 |
| Hispanic | 3 | $403,000 | $134,000 | $274,000 | $60,000 | $79,000 |
| Not applicable | 2 | $195,000 | $97,000 | $110,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $37,000 | $37,000 | $37,000 | $91,000 | $91,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other 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) | 97 | $11,852,000 | $122,000 | $700,000 | $64,000 | $1,140,000 |
| 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 | 60 | $7,969,000 | $132,000 | $700,000 | $78,000 | $1,140,000 |
| Application Approved But Not Accepted | 12 | $1,394,000 | $116,000 | $225,000 | $79,000 | $133,000 |
| Application Denied By Financial Institution | 12 | $1,007,000 | $83,000 | $180,000 | $41,000 | $97,000 |
| File Closed For Incompleteness | 7 | $849,000 | $121,000 | $293,000 | $45,000 | $107,000 |
| Application Withdrawn By Applicant | 6 | $633,000 | $105,000 | $308,000 | $68,000 | $114,000 |
| 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 |
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 | 5 | $424,000 | $84,000 | $180,000 | $33,000 | $94,000 |
| Employment History | 5 | $444,000 | $88,000 | $170,000 | $52,000 | $97,000 |
| Debt-To-Income Ratio | 2 | $139,000 | $69,000 | $75,000 | $26,000 | $32,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Bank & Trust's 2004 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 American 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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