Citizens Guaranty Bank Mortgage Lending & HMDA Data, 2007
In 2007, Citizens Guaranty Bank of Richmond, KY reported 265 mortgage applications totaling $17.1 million, down 26% from 2006. The average application was for $64,347, and applicants reported an average income of $47,052. 63% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Lexington-Fayette, KY (8) and Cincinnati-Middletown, OH-KY-IN (4).
| Mortgage Company & Address | Citizens Guaranty Bank 457 East Main Street; Po Box 767 Richmond, KY 40476 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 265 |
| Total Mortgage Loan Application Amount | $17,052,000 |
| Average Mortgage Loan Application Amount | $64,347 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $47,052 |
| Highest Applicant Income | $410,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Guaranty Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Estill, Kentucky | 125 | $ 7,491,000 | $ 59,928 | $ 45,000 |
| Madison, Kentucky | 44 | $ 3,902,000 | $ 88,681 | $ 55,000 |
| Pulaski, Kentucky | 17 | $ 430,000 | $ 25,294 | $ 39,000 |
| Laurel, Kentucky | 11 | $ 1,633,000 | $ 148,454 | $ 102,000 |
| Lee, Kentucky | 8 | $ 185,000 | $ 23,125 | $ 39,000 |
| Lincoln, Kentucky | 8 | $ 377,000 | $ 47,125 | $ 32,000 |
| Casey, Kentucky | 7 | $ 160,000 | $ 22,857 | $ 25,000 |
| Clark, Kentucky | 6 | $ 441,000 | $ 73,500 | $ 50,000 |
| Powell, Kentucky | 6 | $ 1,004,000 | $ 167,333 | $ 43,000 |
| Rockcastle, Kentucky | 4 | $ 110,000 | $ 27,500 | $ 27,000 |
| Wayne, Kentucky | 4 | $ 72,000 | $ 18,000 | $ 41,000 |
| Clay, Kentucky | 3 | $ 189,000 | $ 63,000 | $ 39,000 |
| McCreary, Kentucky | 3 | $ 92,000 | $ 30,666 | $ 40,000 |
| Russell, Kentucky | 3 | $ 96,000 | $ 32,000 | $ 39,000 |
| Boone, Kentucky | 2 | $ 146,000 | $ 73,000 | $ 45,000 |
| Fayette, Kentucky | 2 | $ 204,000 | $ 102,000 | $ 103,000 |
| Grant, Kentucky | 2 | $ 85,000 | $ 42,500 | $ 66,000 |
| Jackson, Kentucky | 2 | $ 66,000 | $ 33,000 | $ 25,000 |
| Mercer, Kentucky | 2 | $ 49,000 | $ 24,500 | $ 33,000 |
| Adair, Kentucky | 1 | $ 26,000 | $ 26,000 | $ 21,000 |
| Boyle, Kentucky | 1 | $ 18,000 | $ 18,000 | $ 30,000 |
| Clinton, Kentucky | 1 | $ 13,000 | $ 13,000 | $ 10,000 |
| Marion, Kentucky | 1 | $ 32,000 | $ 32,000 | $ 19,000 |
| Montgomery, Kentucky | 1 | $ 18,000 | $ 18,000 | $ 57,000 |
| Whitley, Kentucky | 1 | $ 213,000 | $ 213,000 | $ 0 |
Mortgage Loan Application Detail Totals for Citizens Guaranty Bank in 2007
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 | 130 | $8,968,000 | $68,000 | $1,500,000 | $46,000 | $163,000 |
| Home Improvement | 78 | $2,294,000 | $29,000 | $200,000 | $43,000 | $120,000 |
| Refinancing | 57 | $5,790,000 | $101,000 | $649,000 | $55,000 | $410,000 |
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 | 255 | $14,733,000 | $57,000 | $1,080,000 | $48,000 | $410,000 |
| Not applicable | 4 | $2,135,000 | $533,000 | $1,500,000 | $0 | $0 |
| Hispanic | 2 | $50,000 | $25,000 | $31,000 | $56,000 | $89,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $20,000 | $20,000 | $20,000 | $11,000 | $11,000 |
| American Indian or Alaskan Native | 1 | $34,000 | $34,000 | $34,000 | $22,000 | $22,000 |
| Not Provided | 1 | $40,000 | $40,000 | $40,000 | $28,000 | $28,000 |
| Black or African American | 1 | $40,000 | $40,000 | $40,000 | $30,000 | $30,000 |
| 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) | 264 | $15,552,000 | $58,000 | $1,080,000 | $47,000 | $410,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $1,500,000 | $1,500,000 | $1,500,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 166 | $9,703,000 | $58,000 | $1,080,000 | $51,000 | $410,000 |
| Application Denied By Financial Institution | 60 | $5,232,000 | $87,000 | $1,500,000 | $37,000 | $102,000 |
| Application Approved But Not Accepted | 35 | $1,925,000 | $55,000 | $300,000 | $50,000 | $163,000 |
| Application Withdrawn By Applicant | 4 | $192,000 | $48,000 | $76,000 | $28,000 | $48,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 33 | $1,774,000 | $53,000 | $200,000 | $39,000 | $102,000 |
| Debt-To-Income Ratio | 14 | $1,363,000 | $97,000 | $649,000 | $34,000 | $70,000 |
| Employment History | 6 | $183,000 | $30,000 | $67,000 | $32,000 | $59,000 |
| Collateral | 4 | $232,000 | $58,000 | $84,000 | $39,000 | $86,000 |
| Other | 2 | $1,605,000 | $802,000 | $1,500,000 | $25,000 | $50,000 |
| Credit Application Incomplete | 1 | $75,000 | $75,000 | $75,000 | $55,000 | $55,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Guaranty Bank's 2007 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 Guaranty 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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