Colonial Bank, N.A. Mortgage Lending & HMDA Data, 2007
In 2007, Colonial Bank, N.A. of Montgomery, AL reported 7,706 mortgage applications totaling $1.5 billion, down 10% from 2006. The average application was for $195,305, and applicants reported an average income of $105,265. 77% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Orlando-Kissimmee, FL (639), Tampa-St. Petersburg-Clearwater, FL (520) and Birmingham-Hoover, AL (479) (applications in parentheses).
| Mortgage Company & Address | Colonial Bank, N.A. Po Box 1108 - Corporate Compliance Montgomery, AL 36101 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,706 |
| Total Mortgage Loan Application Amount | $1,505,027,000 |
| Average Mortgage Loan Application Amount | $195,305 |
| Highest Mortgage Loan Application Amount | $16,669,000 |
| Average Applicant Income | $105,265 |
| Highest Applicant Income | $8,925,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Colonial Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Orlando-Kissimmee, FL | 639 | $ 125,982,000 | $ 197,154 | $ 99,000 |
| Tampa-St. Petersburg-Clearwater, FL | 520 | $ 164,915,000 | $ 317,144 | $ 141,000 |
| Birmingham-Hoover, AL | 479 | $ 51,985,000 | $ 108,528 | $ 73,000 |
| Atlanta-Sandy Springs-Marietta, GA | 424 | $ 78,116,000 | $ 184,235 | $ 69,000 |
| Austin-Round Rock, TX | 409 | $ 79,510,000 | $ 194,400 | $ 121,000 |
| Montgomery, AL | 278 | $ 30,803,000 | $ 110,802 | $ 57,000 |
| Columbus, GA-AL | 244 | $ 25,966,000 | $ 106,418 | $ 106,922 |
| Idaho Falls, ID | 244 | $ 33,622,000 | $ 137,795 | $ 55,000 |
| Lakeland, FL | 237 | $ 29,719,000 | $ 125,396 | $ 66,000 |
| Dallas-Plano-Irving, TX | 231 | $ 65,939,000 | $ 285,450 | $ 250,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 228 | $ 71,865,000 | $ 315,197 | $ 116,000 |
| Miami-Miami Beach-Kendall, FL | 228 | $ 84,354,000 | $ 369,973 | $ 171,000 |
| Cape Coral-Fort Myers, FL | 209 | $ 45,775,000 | $ 219,019 | $ 130,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 190 | $ 64,950,000 | $ 341,842 | $ 160,000 |
| Mobile, AL | 189 | $ 24,478,000 | $ 129,513 | $ 63,000 |
| Reno-Sparks, NV | 170 | $ 40,012,000 | $ 235,364 | $ 81,000 |
| Warner Robins, GA | 165 | $ 22,237,000 | $ 134,769 | $ 61,000 |
| Huntsville, AL | 137 | $ 21,688,000 | $ 158,306 | $ 101,000 |
| Anniston-Oxford, AL | 121 | $ 7,675,000 | $ 63,429 | $ 58,000 |
| Auburn-Opelika, AL | 121 | $ 17,449,000 | $ 144,206 | $ 86,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 113 | $ 22,509,000 | $ 199,194 | $ 114,000 |
| Macon, GA | 110 | $ 13,852,000 | $ 125,927 | $ 71,000 |
| Las Vegas-Paradise, NV | 97 | $ 36,422,000 | $ 375,484 | $ 200,000 |
| Sarasota-Bradenton-Venice, FL | 69 | $ 18,353,000 | $ 265,985 | $ 127,000 |
| Tuscaloosa, AL | 57 | $ 9,651,000 | $ 169,315 | $ 99,000 |
| Dothan, AL | 51 | $ 7,619,000 | $ 149,392 | $ 69,000 |
| Palm Bay-Melbourne-Titusville, FL | 49 | $ 7,148,000 | $ 145,877 | $ 83,000 |
| Fort Worth-Arlington, TX | 46 | $ 32,037,000 | $ 696,456 | $ 138,000 |
| Panama City-Lynn Haven, FL | 45 | $ 11,614,000 | $ 258,088 | $ 170,000 |
| Port St. Lucie, FL | 44 | $ 10,442,000 | $ 237,318 | $ 113,000 |
| Ocala, FL | 41 | $ 4,441,000 | $ 108,317 | $ 57,000 |
| Jacksonville, FL | 37 | $ 14,362,000 | $ 388,162 | $ 186,000 |
| Palm Coast, FL | 36 | $ 7,511,000 | $ 208,638 | $ 120,000 |
| Valdosta, GA | 36 | $ 5,645,000 | $ 156,805 | $ 70,000 |
| Punta Gorda, FL | 35 | $ 7,433,000 | $ 212,371 | $ 56,000 |
| Naples-Marco Island, FL | 30 | $ 14,531,000 | $ 484,366 | $ 131,000 |
| Gadsden, AL | 25 | $ 2,232,000 | $ 89,280 | $ 54,000 |
| Tallahassee, FL | 24 | $ 7,779,000 | $ 324,125 | $ 109,000 |
| Houston-Sugar Land-Baytown, TX | 19 | $ 2,990,000 | $ 157,368 | $ 289,000 |
| Dalton, GA | 16 | $ 1,832,000 | $ 114,500 | $ 36,000 |
| Pensacola-Ferry Pass-Brent, FL | 13 | $ 6,650,000 | $ 511,538 | $ 254,000 |
| San Antonio, TX | 12 | $ 2,741,000 | $ 228,416 | $ 115,000 |
| Carson City, NV | 8 | $ 2,383,000 | $ 297,875 | $ 123,000 |
| Fort Walton Beach-Crestview-Destin, FL | 8 | $ 5,343,000 | $ 667,875 | $ 238,000 |
| Charlotte-Gastonia-Concord, NC-SC | 7 | $ 937,000 | $ 133,857 | $ 130,000 |
| Gainesville, FL | 7 | $ 1,189,000 | $ 169,857 | $ 156,000 |
| College Station-Bryan, TX | 6 | $ 632,000 | $ 105,333 | $ 81,000 |
| Corpus Christi, TX | 5 | $ 735,000 | $ 147,000 | $ 134,000 |
| Gainesville, GA | 5 | $ 984,000 | $ 196,800 | $ 651,000 |
| Kansas City, MO-KS | 5 | $ 1,212,000 | $ 242,400 | $ 141,200 |
| Boise City-Nampa, ID | 4 | $ 743,000 | $ 185,750 | $ 34,000 |
| Brunswick, GA | 4 | $ 1,462,000 | $ 365,500 | $ 346,000 |
| Decatur, AL | 4 | $ 513,000 | $ 128,250 | $ 190,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 587,000 | $ 146,750 | $ 82,000 |
| Rome, GA | 4 | $ 499,000 | $ 124,750 | $ 58,000 |
| Tulsa, OK | 4 | $ 588,000 | $ 147,000 | $ 117,000 |
| Florence-Muscle Shoals, AL | 3 | $ 192,000 | $ 64,000 | $ 42,000 |
| Hickory-Lenoir-Morganton, NC | 3 | $ 1,289,000 | $ 429,666 | $ 9,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 990,000 | $ 330,000 | $ 45,000 |
| Pascagoula, MS | 3 | $ 263,000 | $ 87,666 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 769,000 | $ 256,333 | $ 353,000 |
| Pocatello, ID | 3 | $ 390,000 | $ 130,000 | $ 47,000 |
| Albany, GA | 2 | $ 186,000 | $ 93,000 | $ 44,000 |
| Asheville, NC | 2 | $ 388,000 | $ 194,000 | $ 209,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 166,000 | $ 83,000 | $ 32,000 |
| Chattanooga, TN-GA | 2 | $ 375,000 | $ 187,500 | $ 67,000 |
| Fresno, CA | 2 | $ 616,000 | $ 308,000 | $ 102,000 |
| Memphis, TN-MS-AR | 2 | $ 223,000 | $ 111,500 | $ 78,000 |
| Philadelphia, PA | 2 | $ 713,000 | $ 356,500 | $ 90,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 541,000 | $ 270,500 | $ 64,000 |
| Savannah, GA | 2 | $ 398,000 | $ 199,000 | $ 24,000 |
| Sebastian-Vero Beach, FL | 2 | $ 1,248,000 | $ 624,000 | $ 200,000 |
| Anderson, IN | 1 | $ 33,000 | $ 33,000 | $ 60,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 560,000 | $ 560,000 | $ 442,000 |
| Brownsville-Harlingen, TX | 1 | $ 388,000 | $ 388,000 | $ 286,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 417,000 | $ 417,000 | $ 560,000 |
| Charleston-North Charleston, SC | 1 | $ 304,000 | $ 304,000 | $ 101,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 124,000 | $ 124,000 | $ 80,000 |
| Columbus, OH | 1 | $ 172,000 | $ 172,000 | $ 78,000 |
| Denver-Aurora, CO | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Florence, SC | 1 | $ 124,000 | $ 124,000 | $ 126,000 |
| Gary, IN | 1 | $ 80,000 | $ 80,000 | $ 50,000 |
| Greensboro-High Point, NC | 1 | $ 1,290,000 | $ 1,290,000 | $ 798,000 |
| Gulfport-Biloxi, MS | 1 | $ 340,000 | $ 340,000 | $ 108,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 184,000 | $ 184,000 | $ 78,000 |
| Knoxville, TN | 1 | $ 91,000 | $ 91,000 | $ 38,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 150,000 | $ 150,000 | $ 81,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 234,000 | $ 234,000 | $ 120,000 |
| Longview, TX | 1 | $ 132,000 | $ 132,000 | $ 67,000 |
| Morristown, TN | 1 | $ 266,000 | $ 266,000 | $ 113,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 102,000 | $ 102,000 | $ 312,000 |
| Olympia, WA | 1 | $ 246,000 | $ 246,000 | $ 96,000 |
| Raleigh-Cary, NC | 1 | $ 257,000 | $ 257,000 | $ 77,000 |
| Roanoke, VA | 1 | $ 404,000 | $ 404,000 | $ 128,000 |
| Salt Lake City, UT | 1 | $ 1,400,000 | $ 1,400,000 | $ 838,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 949,000 | $ 949,000 | $ 356,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 109,000 | $ 109,000 | $ 80,000 |
| Sherman-Denison, TX | 1 | $ 546,000 | $ 546,000 | $ 580,000 |
| Tacoma, WA | 1 | $ 40,000 | $ 40,000 | $ 125,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 400,000 | $ 400,000 | $ 397,000 |
| Tyler, TX | 1 | $ 123,000 | $ 123,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 116,000 | $ 116,000 | $ 144,000 |
| Wilmington, NC | 1 | $ 870,000 | $ 870,000 | $ 640,000 |
| Winston-Salem, NC | 1 | $ 250,000 | $ 250,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for Colonial Bank, N.A. 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 | 3,798 | $830,660,000 | $218,000 | $16,669,000 | $120,000 | $8,925,000 |
| Refinancing | 2,798 | $592,016,000 | $211,000 | $8,400,000 | $106,000 | $7,723,000 |
| Home Improvement | 1,110 | $82,351,000 | $74,000 | $3,500,000 | $53,000 | $3,325,000 |
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 | 5,567 | $966,668,000 | $173,000 | $4,875,000 | $112,000 | $8,400,000 |
| Black or African American | 805 | $101,697,000 | $126,000 | $1,755,000 | $56,000 | $502,000 |
| Hispanic | 576 | $121,422,000 | $210,000 | $2,500,000 | $114,000 | $2,024,000 |
| Not applicable | 376 | $210,468,000 | $559,000 | $16,669,000 | $0 | $0 |
| Not Provided | 196 | $61,456,000 | $313,000 | $5,400,000 | $251,000 | $8,925,000 |
| Asian | 146 | $33,785,000 | $231,000 | $1,489,000 | $176,000 | $2,554,000 |
| American Indian or Alaskan Native | 26 | $6,056,000 | $232,000 | $2,000,000 | $58,000 | $132,000 |
| Native Hawaiian or Other Pacific Islander | 14 | $3,475,000 | $248,000 | $592,000 | $138,000 | $312,000 |
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) | 6,796 | $1,367,144,000 | $201,000 | $16,669,000 | $112,000 | $8,925,000 |
| FHA-insured (Federal Housing Administration) | 744 | $109,668,000 | $147,000 | $368,000 | $55,000 | $224,000 |
| VA-guaranteed (Veterans Administration) | 166 | $28,215,000 | $169,000 | $417,000 | $62,000 | $140,000 |
| 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 | 5,916 | $1,166,547,000 | $197,000 | $16,669,000 | $108,000 | $8,925,000 |
| Application Denied By Financial Institution | 779 | $74,161,000 | $95,000 | $2,000,000 | $56,000 | $1,259,000 |
| Application Withdrawn By Applicant | 738 | $196,030,000 | $265,000 | $5,400,000 | $121,000 | $2,750,000 |
| Application Approved But Not Accepted | 237 | $58,670,000 | $247,000 | $2,500,000 | $147,000 | $2,050,000 |
| File Closed For Incompleteness | 36 | $9,619,000 | $267,000 | $990,000 | $126,000 | $576,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 457 | $23,976,000 | $52,000 | $469,000 | $45,000 | $268,000 |
| Debt-To-Income Ratio | 163 | $18,447,000 | $113,000 | $1,223,000 | $55,000 | $832,000 |
| Collateral | 94 | $16,360,000 | $174,000 | $935,000 | $104,000 | $1,259,000 |
| Other | 36 | $8,494,000 | $235,000 | $1,067,000 | $68,000 | $267,000 |
| Unverifiable Information | 14 | $2,189,000 | $156,000 | $553,000 | $55,000 | $180,000 |
| Credit Application Incomplete | 6 | $3,501,000 | $583,000 | $2,000,000 | $71,000 | $236,000 |
| Employment History | 5 | $680,000 | $136,000 | $295,000 | $82,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $514,000 | $128,000 | $205,000 | $41,000 | $73,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Colonial Bank, N.A.'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 Colonial Bank, N.A.'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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