Citizens & Merchants State Bk Mortgage Lending & HMDA Data, 2007
In 2007, Citizens & Merchants State Bk of Douglasville, GA reported 41 mortgage applications totaling $6.6 million, down 21% from 2006. The average application was for $160,292, and applicants reported an average income of $83,731. 90% of its applications resulted in an originated loan and 7% were denied. Its largest market was Atlanta-Sandy Springs-Marietta, GA (41).
| Mortgage Company & Address | Citizens & Merchants State Bk Po Box 1585 Douglasville, GA 30133 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 41 |
| Total Mortgage Loan Application Amount | $6,572,000 |
| Average Mortgage Loan Application Amount | $160,292 |
| Highest Mortgage Loan Application Amount | $758,000 |
| Average Applicant Income | $83,731 |
| Highest Applicant Income | $392,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens & Merchants State Bk filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Douglas, Georgia | 24 | $ 2,977,000 | $ 124,041 | $ 123,000 |
| Paulding, Georgia | 7 | $ 759,000 | $ 108,428 | $ 15,000 |
| Carroll, Georgia | 4 | $ 59,000 | $ 14,750 | $ 50,000 |
| Cobb, Georgia | 4 | $ 2,602,000 | $ 650,500 | $ 0 |
| Fulton, Georgia | 2 | $ 175,000 | $ 87,500 | $ 94,000 |
Mortgage Loan Application Detail Totals for Citizens & Merchants State Bk 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 |
|---|---|---|---|---|---|---|
| Refinancing | 22 | $5,596,000 | $254,000 | $758,000 | $113,000 | $392,000 |
| Home Purchase | 12 | $947,000 | $78,000 | $305,000 | $48,000 | $89,000 |
| Home Improvement | 7 | $29,000 | $4,000 | $5,000 | $53,000 | $78,000 |
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 | 22 | $2,099,000 | $95,000 | $758,000 | $97,000 | $330,000 |
| Not applicable | 17 | $4,434,000 | $260,000 | $720,000 | $69,000 | $392,000 |
| Black or African American | 2 | $39,000 | $19,000 | $34,000 | $67,000 | $78,000 |
| Hispanic | 0 | $0 | $0 | $0 | $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 |
| Not Provided | 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) | 41 | $6,572,000 | $160,000 | $758,000 | $84,000 | $392,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 | 37 | $6,556,000 | $177,000 | $758,000 | $86,000 | $392,000 |
| Application Denied By Financial Institution | 3 | $14,000 | $4,000 | $5,000 | $59,000 | $78,000 |
| Application Withdrawn By Applicant | 1 | $2,000 | $2,000 | $2,000 | $60,000 | $60,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 3 | $14,000 | $4,000 | $5,000 | $59,000 | $78,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens & Merchants State Bk'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 & Merchants State Bk'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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