Bank Independent
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Bank Independent 2022 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Bank Independent 710 S Montgomery Ave Sheffield, AL 35660 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,536 |
| Total Mortgage Loan Application Amount | $301,890,000 |
| Average Mortgage Loan Application Amount | $168,200 |
| Highest Mortgage Loan Application Amount | $6,605,000 |
| Average Applicant Income | $197,600 |
| Highest Applicant Income | $9,497,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 with Bank Independent. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Bank Independent's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2022 breaks down Bank Independent's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Bank Independent serves its applicants.
Each category highlights the total number of mortgage applications processed by Bank Independent, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Bank Independent's mortgage activity for 2022.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lauderdale County Alabama | 554 | $ 81,390,000 | $ 146,000 | $ 189,000 |
| Madison County Alabama | 257 | $ 75,815,000 | $ 295,000 | $ 392,000 |
| Colbert County Alabama | 251 | $ 39,285,000 | $ 156,000 | $ 207,000 |
| Limestone County Alabama | 148 | $ 34,180,000 | $ 230,000 | $ 185,000 |
| Morgan County Alabama | 120 | $ 18,780,000 | $ 156,000 | $ 170,000 |
| Lawrence County Alabama | 84 | $ 11,480,000 | $ 136,000 | $ 108,000 |
| Franklin County Alabama | 22 | $ 3,120,000 | $ 141,000 | $ 112,000 |
| Lawrence County Tennessee | 10 | $ 3,060,000 | $ 306,000 | $ 106,000 |
| Baldwin County Alabama | 8 | $ 4,200,000 | $ 525,000 | $ 640,000 |
| Cullman County Alabama | 7 | $ 1,935,000 | $ 276,000 | $ 102,000 |
| Jackson County Alabama | 7 | $ 2,705,000 | $ 386,000 | $ 276,000 |
| Jefferson County Alabama | 6 | $ 1,120,000 | $ 186,000 | $ 220,000 |
| Mobile County Alabama | 5 | $ 2,085,000 | $ 417,000 | $ 159,000 |
| Lee County Alabama | 4 | $ 1,370,000 | $ 342,000 | $ 445,000 |
| Marion County Alabama | 4 | $ 710,000 | $ 177,000 | $ 58,000 |
| Wayne County Tennessee | 4 | $ 1,040,000 | $ 260,000 | $ 120,000 |
| Marshall County Alabama | 3 | $ 1,335,000 | $ 445,000 | $ 424,000 |
| Tuscaloosa County Alabama | 3 | $ 275,000 | $ 91,000 | $ 170,000 |
| Tishomingo County Mississippi | 3 | $ 185,000 | $ 61,000 | $ 50,000 |
| Winston County Alabama | 2 | $ 980,000 | $ 490,000 | $ 3,116,000 |
| Volusia County Florida | 2 | $ 320,000 | $ 160,000 | $ 157,000 |
| Itawamba County Mississippi | 2 | $ 110,000 | $ 55,000 | $ 164,000 |
| Coffee County Tennessee | 2 | $ 2,510,000 | $ 1,255,000 | $ 712,000 |
| Davidson County Tennessee | 2 | $ 360,000 | $ 180,000 | $ 154,000 |
| Giles County Tennessee | 2 | $ 960,000 | $ 480,000 | $ 195,000 |
| Lincoln County Tennessee | 2 | $ 660,000 | $ 330,000 | $ 109,000 |
| Cherokee County Alabama | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Chilton County Alabama | 1 | $ 225,000 | $ 225,000 | $ 55,000 |
| Elmore County Alabama | 1 | $ 1,865,000 | $ 1,865,000 | $ 800,000 |
| St. Clair County Alabama | 1 | $ 65,000 | $ 65,000 | $ 43,000 |
| Walker County Alabama | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Bay County Florida | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Escambia County Florida | 1 | $ 225,000 | $ 225,000 | $ 60,000 |
| Okaloosa County Florida | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Santa Rosa County Florida | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Sarasota County Florida | 1 | $ 265,000 | $ 265,000 | $ 141,000 |
| Walton County Florida | 1 | $ 1,845,000 | $ 1,845,000 | $ 2,856,000 |
| Coweta County Georgia | 1 | $ 565,000 | $ 565,000 | $ 165,000 |
| Prentiss County Mississippi | 1 | $ 35,000 | $ 35,000 | $ 174,000 |
| Clay County North Carolina | 1 | $ 65,000 | $ 65,000 | $ 140,000 |
| Minnehaha County South Dakota | 1 | $ 685,000 | $ 685,000 | $ 459,000 |
| Benton County Tennessee | 1 | $ 755,000 | $ 755,000 | $ 0 |
| Franklin County Tennessee | 1 | $ 245,000 | $ 245,000 | $ 153,000 |
| Humphreys County Tennessee | 1 | $ 965,000 | $ 965,000 | $ 0 |
| Knox County Tennessee | 1 | $ 95,000 | $ 95,000 | $ 434,000 |
| Marshall County Tennessee | 1 | $ 775,000 | $ 775,000 | $ 0 |
| Monroe County Tennessee | 1 | $ 1,245,000 | $ 1,245,000 | $ 0 |
| Williamson County Tennessee | 1 | $ 315,000 | $ 315,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Bank Independent in 2022
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 | 588 | $155,800,000 | $264,000 | $6,605,000 | $204,000 | $9,497,000 |
| Refinancing | 558 | $101,780,000 | $182,000 | $3,305,000 | $269,000 | $7,749,000 |
| Other Purpose | 196 | $18,880,000 | $96,000 | $975,000 | $224,000 | $4,163,000 |
| Home Improvement | 126 | $10,990,000 | $87,000 | $1,005,000 | $186,000 | $6,379,000 |
| Cash-out Refinancing | 68 | $14,440,000 | $212,000 | $905,000 | $105,000 | $389,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 1,161 | $203,005,000 | $174,000 | $2,005,000 | $211,000 | $9,497,000 |
| Not applicable | 211 | $68,185,000 | $323,000 | $6,605,000 | $0 | $0 |
| Black or African American | 71 | $7,885,000 | $111,000 | $645,000 | $239,000 | $4,071,000 |
| Asian | 44 | $12,170,000 | $276,000 | $2,655,000 | $435,000 | $7,749,000 |
| Hispanic | 23 | $4,145,000 | $180,000 | $505,000 | $161,000 | $1,288,000 |
| Not Provided | 15 | $3,755,000 | $250,000 | $885,000 | $155,000 | $300,000 |
| American Indian or Alaskan Native | 5 | $705,000 | $141,000 | $245,000 | $71,000 | $109,000 |
| 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) | 1,466 | $284,570,000 | $194,000 | $6,605,000 | $230,000 | $9,497,000 |
| FHA-insured (Federal Housing Administration) | 30 | $6,320,000 | $210,000 | $415,000 | $74,000 | $179,000 |
| VA-guaranteed (Veterans Administration) | 23 | $7,755,000 | $337,000 | $905,000 | $109,000 | $279,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $3,245,000 | $190,000 | $305,000 | $53,000 | $82,000 |
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 | 1,126 | $220,150,000 | $195,000 | $2,655,000 | $260,000 | $9,497,000 |
| Application Withdrawn By Applicant | 268 | $66,110,000 | $246,000 | $6,605,000 | $140,000 | $2,462,000 |
| Application Denied By Financial Institution | 124 | $11,890,000 | $95,000 | $455,000 | $86,000 | $1,580,000 |
| Application Approved But Not Accepted | 18 | $3,740,000 | $207,000 | $725,000 | $121,000 | $316,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,412 | $290,000,000 | $205,000 | $6,605,000 | $237,000 | $9,497,000 |
| Credit History | 86 | $5,900,000 | $68,000 | $265,000 | $72,000 | $828,000 |
| Debt-To-Income Ratio | 29 | $4,955,000 | $170,000 | $455,000 | $141,000 | $1,580,000 |
| Collateral | 5 | $535,000 | $107,000 | $295,000 | $37,000 | $62,000 |
| Employment History | 4 | $500,000 | $125,000 | $235,000 | $32,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Bank Independent's 2022 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 Bank Independent'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.