Bank of Commerce & Trust Co. Mortgage Lending & HMDA Data, 2003
In 2003, Bank of Commerce & Trust Co. of Crowley, LA reported 285 mortgage applications totaling $6.8 million. The average application was for $23,691, and applicants reported an average income of $40,435. 88% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Lafayette, LA (273) and Baton Rouge, LA (1).
| Mortgage Company & Address | Bank of Commerce & Trust Co. P O Box 246 Crowley, LA 70527 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2003 |
| Total Number of Mortgage Applications | 285 |
| Total Mortgage Loan Application Amount | $6,752,000 |
| Average Mortgage Loan Application Amount | $23,691 |
| Highest Mortgage Loan Application Amount | $280,000 |
| Average Applicant Income | $40,435 |
| Highest Applicant Income | $251,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Commerce & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bank of Commerce & Trust Co. 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 Improvement (one-to-four family) | 176 | $1,597,000 | $9,000 | $117,000 | $35,000 | $250,000 |
| Home Purchase (one-to-four family) | 56 | $2,215,000 | $39,000 | $280,000 | $41,000 | $192,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 52 | $2,849,000 | $54,000 | $211,000 | $59,000 | $251,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $91,000 | $91,000 | $91,000 | $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 | 251 | $6,204,000 | $24,000 | $280,000 | $51,000 | $251,000 |
| Black | 23 | $203,000 | $8,000 | $50,000 | $23,000 | $59,000 |
| Not applicable | 8 | $336,000 | $42,000 | $113,000 | $62,000 | $112,000 |
| Hispanic | 1 | $1,000 | $1,000 | $1,000 | $13,000 | $13,000 |
| Information not provided by applicant in mail or telephone application | 1 | $6,000 | $6,000 | $6,000 | $18,000 | $18,000 |
| American Indian or Alaskan Native | 1 | $2,000 | $2,000 | $2,000 | $20,000 | $20,000 |
| 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) | 285 | $6,752,000 | $23,000 | $280,000 | $42,000 | $251,000 |
| 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 | 251 | $6,141,000 | $24,000 | $280,000 | $49,000 | $251,000 |
| Application Denied By Financial Institution | 29 | $509,000 | $17,000 | $91,000 | $25,000 | $86,000 |
| Application Withdrawn By Applicant | 5 | $102,000 | $20,000 | $40,000 | $40,000 | $55,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 21 | $401,000 | $19,000 | $91,000 | $26,000 | $86,000 |
| Debt-To-Income Ratio | 8 | $108,000 | $13,000 | $60,000 | $24,000 | $54,000 |
| 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 Bank of Commerce & Trust Co.'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 Bank of Commerce & Trust Co.'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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