Bay Bank & Trust Co. Mortgage Lending & HMDA Data, 2009
In 2009, Bay Bank & Trust Co. of Panama City, FL reported 115 mortgage applications totaling $16.7 million, down 1% from 2008. The average application was for $145,217, and applicants reported an average income of $78,113. 63% of its applications resulted in an originated loan and 30% were denied. Its largest market was Panama City-Lynn Haven-Panama City Beach, FL (105).
| 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 | 115 |
| Total Mortgage Loan Application Amount | $16,700,000 |
| Average Mortgage Loan Application Amount | $145,217 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $78,113 |
| Highest Applicant Income | $470,000 |
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Act (HMDA) records Bay Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bay, Florida | 105 | $ 15,663,000 | $ 149,171 | $ 79,000 |
Mortgage Loan Application Detail Totals for Bay Bank & Trust Co. in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 61 | $10,512,000 | $172,000 | $417,000 | $77,000 | $400,000 |
| Home Purchase | 41 | $5,827,000 | $142,000 | $417,000 | $76,000 | $261,000 |
| Home Improvement | 13 | $361,000 | $27,000 | $150,000 | $90,000 | $470,000 |
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 | 100 | $14,622,000 | $146,000 | $417,000 | $84,000 | $470,000 |
| Not applicable | 7 | $1,067,000 | $152,000 | $250,000 | $0 | $0 |
| Hispanic | 5 | $379,000 | $75,000 | $170,000 | $29,000 | $83,000 |
| American Indian or Alaskan Native | 1 | $196,000 | $196,000 | $196,000 | $196,000 | $196,000 |
| Not Provided | 1 | $276,000 | $276,000 | $276,000 | $176,000 | $176,000 |
| Black or African American | 1 | $160,000 | $160,000 | $160,000 | $55,000 | $55,000 |
| 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) | 90 | $13,343,000 | $148,000 | $417,000 | $83,000 | $470,000 |
| FHA-insured (Federal Housing Administration) | 16 | $1,673,000 | $104,000 | $226,000 | $49,000 | $203,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,684,000 | $187,000 | $275,000 | $76,000 | $126,000 |
| 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 | 72 | $10,303,000 | $143,000 | $417,000 | $76,000 | $470,000 |
| Application Denied By Financial Institution | 35 | $5,336,000 | $152,000 | $417,000 | $86,000 | $400,000 |
| Application Approved But Not Accepted | 8 | $1,061,000 | $132,000 | $237,000 | $57,000 | $126,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 10 | $1,991,000 | $199,000 | $417,000 | $132,000 | $400,000 |
| Debt-To-Income Ratio | 9 | $1,350,000 | $150,000 | $238,000 | $51,000 | $81,000 |
| Credit History | 8 | $707,000 | $88,000 | $275,000 | $44,000 | $114,000 |
| Credit Application Incomplete | 7 | $1,263,000 | $180,000 | $392,000 | $124,000 | $300,000 |
| Employment History | 1 | $25,000 | $25,000 | $25,000 | $30,000 | $30,000 |
| 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 Bay Bank & Trust Co.'s 2009 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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