Bay Bank & Trust Co. Mortgage Lending & HMDA Data, 2011
In 2011, Bay Bank & Trust Co. of Panama City, FL reported 153 mortgage applications totaling $24.2 million, up 20% from 2010. The average application was for $158,248, and applicants reported an average income of $115,137. 54% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Panama City-Lynn Haven-Panama City Beach, FL (137), Charlotte-Gastonia-Rock Hill, NC-SC (2) and Crestview-Fort Walton Beach-Destin, FL (1) (applications in parentheses).
| Mortgage Company & Address | Bay Bank & Trust Co. P. O. Box 59350 Panama City, FL 32412 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 153 |
| Total Mortgage Loan Application Amount | $24,212,000 |
| Average Mortgage Loan Application Amount | $158,248 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $115,137 |
| Highest Applicant Income | $1,426,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bay Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bay Bank & Trust Co. in 2011
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 | 111 | $17,545,000 | $158,000 | $560,000 | $108,000 | $657,000 |
| Refinancing | 36 | $6,554,000 | $182,000 | $850,000 | $142,000 | $1,426,000 |
| Home Improvement | 6 | $113,000 | $18,000 | $92,000 | $86,000 | $180,000 |
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 | 132 | $20,594,000 | $156,000 | $850,000 | $118,000 | $1,426,000 |
| Not Provided | 8 | $1,321,000 | $165,000 | $324,000 | $136,000 | $426,000 |
| Hispanic | 8 | $1,303,000 | $162,000 | $245,000 | $107,000 | $189,000 |
| Black or African American | 3 | $290,000 | $96,000 | $229,000 | $37,000 | $45,000 |
| Not applicable | 2 | $704,000 | $352,000 | $560,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 105 | $16,822,000 | $160,000 | $850,000 | $136,000 | $1,426,000 |
| FHA-insured (Federal Housing Administration) | 34 | $4,458,000 | $131,000 | $278,000 | $51,000 | $118,000 |
| VA-guaranteed (Veterans Administration) | 14 | $2,932,000 | $209,000 | $453,000 | $112,000 | $657,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 82 | $13,677,000 | $166,000 | $850,000 | $131,000 | $1,426,000 |
| Application Denied By Financial Institution | 56 | $8,713,000 | $155,000 | $560,000 | $95,000 | $330,000 |
| Application Approved But Not Accepted | 15 | $1,822,000 | $121,000 | $284,000 | $101,000 | $300,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 25 | $4,225,000 | $169,000 | $560,000 | $92,000 | $330,000 |
| Collateral | 13 | $1,846,000 | $142,000 | $370,000 | $117,000 | $307,000 |
| Credit History | 11 | $1,310,000 | $119,000 | $229,000 | $82,000 | $162,000 |
| Credit Application Incomplete | 5 | $976,000 | $195,000 | $400,000 | $92,000 | $216,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $356,000 | $178,000 | $239,000 | $70,000 | $79,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bay Bank & Trust Co.'s 2011 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 Bay Bank & 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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