Community Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Community Bank & Trust of Ashland City, TN reported 61 mortgage applications totaling $10.0 million, up 49% from 2015. The average application was for $163,524, and applicants reported an average income of $108,737. 72% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (52) and Clarksville, TN-KY (8).
| Mortgage Company & Address | Community Bank & Trust 575 S. Main Street Ashland City, TN 37015 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 61 |
| Total Mortgage Loan Application Amount | $9,975,000 |
| Average Mortgage Loan Application Amount | $163,524 |
| Highest Mortgage Loan Application Amount | $925,000 |
| Average Applicant Income | $108,737 |
| Highest Applicant Income | $525,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cheatham, Tennessee | 24 | $ 2,043,000 | $ 85,125 | $ 79,000 |
| Davidson, Tennessee | 13 | $ 4,089,000 | $ 314,538 | $ 165,000 |
| Robertson, Tennessee | 11 | $ 1,740,000 | $ 158,181 | $ 94,000 |
| Montgomery, Tennessee | 8 | $ 936,000 | $ 117,000 | $ 118,000 |
| Sumner, Tennessee | 2 | $ 755,000 | $ 377,500 | $ 0 |
| Clay, Tennessee | 1 | $ 26,000 | $ 26,000 | $ 55,000 |
| Dickson, Tennessee | 1 | $ 296,000 | $ 296,000 | $ 523,000 |
| Wilson, Tennessee | 1 | $ 90,000 | $ 90,000 | $ 21,000 |
Mortgage Loan Application Detail Totals for Community Bank & Trust in 2016
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 | 35 | $6,254,000 | $178,000 | $708,000 | $142,000 | $525,000 |
| Refinancing | 17 | $3,238,000 | $190,000 | $925,000 | $65,000 | $232,000 |
| Home Improvement | 9 | $483,000 | $53,000 | $210,000 | $62,000 | $136,000 |
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 | 51 | $6,390,000 | $125,000 | $708,000 | $119,000 | $525,000 |
| Not applicable | 5 | $2,460,000 | $492,000 | $925,000 | $0 | $0 |
| Black or African American | 3 | $950,000 | $316,000 | $613,000 | $154,000 | $278,000 |
| Hispanic | 2 | $175,000 | $87,000 | $90,000 | $56,000 | $92,000 |
| Native Hawaiin 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) | 61 | $9,975,000 | $163,000 | $925,000 | $109,000 | $525,000 |
| 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 | 44 | $7,997,000 | $181,000 | $708,000 | $134,000 | $525,000 |
| Application Approved But Not Accepted | 8 | $1,322,000 | $165,000 | $925,000 | $36,000 | $75,000 |
| Application Denied By Financial Institution | 8 | $581,000 | $72,000 | $210,000 | $56,000 | $122,000 |
| Application Withdrawn By Applicant | 1 | $75,000 | $75,000 | $75,000 | $0 | $0 |
| 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 | 4 | $151,000 | $37,000 | $64,000 | $52,000 | $115,000 |
| Debt-To-Income Ratio | 3 | $220,000 | $73,000 | $180,000 | $41,000 | $77,000 |
| Collateral | 1 | $210,000 | $210,000 | $210,000 | $122,000 | $122,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community Bank & Trust's 2016 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 Community Bank & Trust'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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