Commercial Bank & Trust of Pa Mortgage Lending & HMDA Data, 2005
In 2005, Commercial Bank & Trust of Pa of Latrobe, PA reported 556 mortgage applications totaling $49.0 million, down 20% from 2004. The average application was for $88,206, and applicants reported an average income of $60,724. 70% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Pittsburgh, PA (515), Johnstown, PA (4) and West Palm Beach-Boca Raton-Boynton Beach, FL (2) (applications in parentheses).
| Mortgage Company & Address | Commercial Bank & Trust of Pa Po Box 429, 900 Ligonier Street Latrobe, PA 15650 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 | 556 |
| Total Mortgage Loan Application Amount | $49,043,000 |
| Average Mortgage Loan Application Amount | $88,206 |
| Highest Mortgage Loan Application Amount | $2,200,000 |
| Average Applicant Income | $60,724 |
| Highest Applicant Income | $523,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Commercial Bank & Trust of Pa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pittsburgh, PA | 515 | $ 43,593,000 | $ 84,646 | $ 54,000 |
| Johnstown, PA | 4 | $ 491,000 | $ 122,750 | $ 84,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 400,000 | $ 200,000 | $ 253,000 |
| Morgantown, WV | 1 | $ 159,000 | $ 159,000 | $ 246,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 90,000 | $ 90,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Commercial Bank & Trust of Pa in 2005
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 | 236 | $21,201,000 | $144,500 | $2,200,000 | $182,500 | $523,000 |
| Home Purchase | 168 | $20,677,000 | $143,200 | $960,000 | $119,000 | $246,000 |
| Home Improvement | 152 | $7,165,000 | $47,000 | $275,000 | $43,000 | $236,000 |
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 | 539 | $44,353,000 | $135,200 | $750,000 | $128,400 | $523,000 |
| Not applicable | 13 | $3,526,000 | $271,000 | $2,200,000 | $0 | $0 |
| Not Provided | 1 | $120,000 | $120,000 | $120,000 | $53,000 | $53,000 |
| Asian | 1 | $960,000 | $960,000 | $960,000 | $0 | $0 |
| Black or African American | 1 | $49,000 | $49,000 | $49,000 | $150,000 | $150,000 |
| Hispanic | 1 | $35,000 | $35,000 | $35,000 | $132,000 | $132,000 |
| 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) | 556 | $49,043,000 | $136,600 | $2,200,000 | $127,000 | $523,000 |
| 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 | 387 | $30,854,000 | $145,666 | $500,000 | $191,333 | $482,000 |
| Application Denied By Financial Institution | 93 | $6,719,000 | $81,000 | $960,000 | $39,000 | $177,000 |
| Application Withdrawn By Applicant | 49 | $7,783,000 | $158,000 | $2,200,000 | $49,000 | $523,000 |
| Preapproval Denied by Financial Institution | 14 | $1,514,000 | $108,000 | $300,000 | $36,000 | $92,000 |
| Preapproval Approved but not Accepted | 7 | $1,619,000 | $231,000 | $450,000 | $59,000 | $146,000 |
| Application Approved But Not Accepted | 6 | $554,000 | $92,000 | $224,000 | $70,000 | $114,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 41 | $3,555,000 | $106,500 | $250,000 | $38,000 | $135,000 |
| Credit History | 38 | $2,136,000 | $79,000 | $200,000 | $56,500 | $177,000 |
| Employment History | 14 | $867,000 | $63,500 | $106,000 | $36,000 | $88,000 |
| Other | 7 | $1,211,000 | $138,000 | $960,000 | $27,000 | $42,000 |
| Collateral | 6 | $440,000 | $95,000 | $300,000 | $35,500 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $24,000 | $24,000 | $24,000 | $51,000 | $51,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Commercial Bank & Trust of Pa's 2005 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 Commercial Bank & Trust of Pa'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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