Central Bank & Trust Co Mortgage Lending & HMDA Data, 2023
In 2023, Central Bank & Trust Co of Lexington, KY reported 1,308 mortgage applications totaling $325.5 million, down 22% from 2022. The average application was for $248,853, and applicants reported an average income of $191,527. 82% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Lexington-Fayette, KY (749), Louisville/Jefferson County, KY-IN (230) and Cincinnati, OH-KY-IN (121) (applications in parentheses).
| Mortgage Company & Address | Central Bank & Trust Co Po Box 1360 Lexington, KY 40588 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 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 | 1,308 |
| Total Mortgage Loan Application Amount | $325,500,000 |
| Average Mortgage Loan Application Amount | $248,853 |
| Highest Mortgage Loan Application Amount | $27,505,000 |
| Average Applicant Income | $191,527 |
| Highest Applicant Income | $2,697,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Central Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lexington-Fayette, KY | 749 | $ 163,405,000 | $ 218,164 | $ 183,000 |
| Louisville/Jefferson County, KY-IN | 230 | $ 42,970,000 | $ 186,826 | $ 219,417 |
| Outside any metro area | 185 | $ 31,435,000 | $ 169,918 | $ 132,445 |
| Cincinnati, OH-KY-IN | 121 | $ 79,555,000 | $ 657,479 | $ 256,404 |
| Bowling Green, KY | 4 | $ 1,230,000 | $ 307,500 | $ 236,000 |
| Indianapolis-Carmel-Anderson, IN | 3 | $ 445,000 | $ 148,333 | $ 166,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 910,000 | $ 455,000 | $ 251,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 950,000 | $ 475,000 | $ 195,000 |
| Toledo, OH | 2 | $ 1,020,000 | $ 510,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 1,705,000 | $ 1,705,000 | $ 556,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Elizabethtown-Fort Knox, KY | 1 | $ 25,000 | $ 25,000 | $ 71,000 |
| Evansville, IN-KY | 1 | $ 155,000 | $ 155,000 | $ 122,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 95,000 | $ 95,000 | $ 325,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 805,000 | $ 805,000 | $ 599,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 65,000 | $ 65,000 | $ 81,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 215,000 | $ 215,000 | $ 334,000 |
| Owensboro, KY | 1 | $ 65,000 | $ 65,000 | $ 119,000 |
| Port St. Lucie, FL | 1 | $ 335,000 | $ 335,000 | $ 290,000 |
Mortgage Loan Application Detail Totals for Central Bank & Trust Co in 2023
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 | 480 | $216,780,000 | $451,000 | $27,505,000 | $215,000 | $2,517,000 |
| Other Purpose | 315 | $36,695,000 | $116,000 | $3,605,000 | $168,000 | $1,873,000 |
| Refinancing | 297 | $46,795,000 | $157,000 | $1,205,000 | $198,000 | $1,817,000 |
| Home Improvement | 179 | $18,125,000 | $101,000 | $1,455,000 | $173,000 | $2,697,000 |
| Cash-out Refinancing | 37 | $7,105,000 | $192,000 | $545,000 | $125,000 | $493,000 |
| 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 | 985 | $212,405,000 | $215,000 | $3,855,000 | $195,000 | $2,697,000 |
| Not Provided | 178 | $27,170,000 | $152,000 | $3,605,000 | $155,000 | $1,873,000 |
| Not applicable | 66 | $66,920,000 | $1,013,000 | $27,505,000 | $0 | $0 |
| Black or African American | 30 | $4,970,000 | $165,000 | $1,405,000 | $139,000 | $1,200,000 |
| Hispanic | 20 | $6,090,000 | $304,000 | $1,785,000 | $217,000 | $887,000 |
| Asian | 19 | $6,155,000 | $323,000 | $875,000 | $248,000 | $599,000 |
| American Indian or Alaskan Native | 5 | $1,025,000 | $205,000 | $575,000 | $143,000 | $349,000 |
| 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) | 1,256 | $314,180,000 | $250,000 | $27,505,000 | $195,000 | $2,697,000 |
| FHA-insured (Federal Housing Administration) | 35 | $7,645,000 | $218,000 | $455,000 | $86,000 | $212,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,800,000 | $180,000 | $275,000 | $66,000 | $92,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,875,000 | $267,000 | $545,000 | $110,000 | $246,000 |
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 | 1,078 | $287,490,000 | $266,000 | $27,505,000 | $207,000 | $2,697,000 |
| Application Denied By Financial Institution | 123 | $11,545,000 | $93,000 | $505,000 | $82,000 | $599,000 |
| Application Withdrawn By Applicant | 83 | $18,495,000 | $222,000 | $805,000 | $154,000 | $626,000 |
| Application Approved But Not Accepted | 23 | $7,595,000 | $330,000 | $2,005,000 | $192,000 | $750,000 |
| Loan Purchased By The Institution | 1 | $375,000 | $375,000 | $375,000 | $235,000 | $235,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 1,185 | $313,955,000 | $264,000 | $27,505,000 | $202,000 | $2,697,000 |
| Debt-To-Income Ratio | 45 | $4,505,000 | $100,000 | $505,000 | $61,000 | $172,000 |
| Credit History | 41 | $3,045,000 | $74,000 | $325,000 | $67,000 | $222,000 |
| Credit Application Incomplete | 12 | $1,790,000 | $149,000 | $445,000 | $142,000 | $529,000 |
| Other | 10 | $1,270,000 | $127,000 | $295,000 | $107,000 | $178,000 |
| Collateral | 7 | $485,000 | $69,000 | $155,000 | $95,000 | $256,000 |
| Unverifiable Information | 6 | $420,000 | $70,000 | $155,000 | $176,000 | $599,000 |
| Employment History | 2 | $30,000 | $15,000 | $15,000 | $62,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Central Bank & Trust Co's 2023 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 Central 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.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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