Citizens Commerce Bank Mortgage Lending & HMDA Data, 2019
In 2019, Citizens Commerce Bank of Versailles, KY reported 177 mortgage applications totaling $36.4 million. The average application was for $205,508, and applicants reported an average income of $111,033. 61% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lexington-Fayette, KY (136), Cincinnati, OH-KY-IN (3) and Louisville/Jefferson County, KY-IN (1) (applications in parentheses).
| Mortgage Company & Address | Citizens Commerce Bank 160 Bovet Road, Suite #400 Versailles, KY 94402 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 177 |
| Total Mortgage Loan Application Amount | $36,375,000 |
| Average Mortgage Loan Application Amount | $205,508 |
| Highest Mortgage Loan Application Amount | $4,005,000 |
| Average Applicant Income | $111,033 |
| Highest Applicant Income | $887,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Commerce Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Citizens Commerce Bank in 2019
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 | 79 | $13,125,000 | $166,000 | $645,000 | $97,000 | $426,000 |
| Cash-out Refinancing | 57 | $16,435,000 | $288,000 | $4,005,000 | $127,000 | $887,000 |
| Refinancing | 34 | $6,520,000 | $191,000 | $695,000 | $119,000 | $456,000 |
| Other Purpose | 4 | $100,000 | $25,000 | $55,000 | $96,000 | $150,000 |
| Home Improvement | 3 | $195,000 | $65,000 | $105,000 | $107,000 | $149,000 |
| 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 | 90 | $15,000,000 | $166,000 | $645,000 | $105,000 | $887,000 |
| Not applicable | 75 | $19,325,000 | $257,000 | $4,005,000 | $0 | $0 |
| Not Provided | 9 | $1,755,000 | $195,000 | $685,000 | $132,000 | $208,000 |
| Asian | 1 | $55,000 | $55,000 | $55,000 | $142,000 | $142,000 |
| Black or African American | 1 | $205,000 | $205,000 | $205,000 | $223,000 | $223,000 |
| Hispanic | 1 | $35,000 | $35,000 | $35,000 | $69,000 | $69,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 170 | $35,190,000 | $207,000 | $4,005,000 | $111,000 | $887,000 |
| FHA-insured (Federal Housing Administration) | 3 | $595,000 | $198,000 | $305,000 | $86,000 | $119,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $425,000 | $141,000 | $185,000 | $70,000 | $104,000 |
| VA-guaranteed (Veterans Administration) | 1 | $165,000 | $165,000 | $165,000 | $59,000 | $59,000 |
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 | 108 | $24,140,000 | $223,000 | $4,005,000 | $139,000 | $887,000 |
| Application Withdrawn By Applicant | 44 | $8,090,000 | $183,000 | $685,000 | $91,000 | $426,000 |
| Application Denied By Financial Institution | 15 | $3,015,000 | $201,000 | $575,000 | $82,000 | $190,000 |
| Application Approved But Not Accepted | 5 | $515,000 | $103,000 | $125,000 | $0 | $0 |
| File Closed For Incompleteness | 5 | $615,000 | $123,000 | $175,000 | $49,000 | $83,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 177 | $36,375,000 | $205,000 | $4,005,000 | $108,000 | $887,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Commerce Bank's 2019 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 Citizens Commerce Bank'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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