Community Bank & Trust - Al Mortgage Lending & HMDA Data, 2007
In 2007, Community Bank & Trust - Al of Union Springs, AL reported 98 mortgage applications totaling $6.5 million, down 3% from 2006. The average application was for $66,061, and applicants reported an average income of $76,387. 91% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Montgomery, AL (14), Anniston-Oxford, AL (1) and Auburn-Opelika, AL (1) (applications in parentheses).
| Mortgage Company & Address | Community Bank & Trust - Al P O Box 310 Union Springs, AL 36089 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 98 |
| Total Mortgage Loan Application Amount | $6,474,000 |
| Average Mortgage Loan Application Amount | $66,061 |
| Highest Mortgage Loan Application Amount | $418,000 |
| Average Applicant Income | $76,387 |
| Highest Applicant Income | $1,583,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community Bank & Trust - Al filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bullock, Alabama | 68 | $ 3,255,000 | $ 47,867 | $ 57,000 |
| Montgomery, Alabama | 12 | $ 1,524,000 | $ 127,000 | $ 86,000 |
| Pike, Alabama | 7 | $ 433,000 | $ 61,857 | $ 209,000 |
| Barbour, Alabama | 3 | $ 486,000 | $ 162,000 | $ 65,000 |
| Elmore, Alabama | 2 | $ 87,000 | $ 43,500 | $ 73,000 |
| Macon, Alabama | 2 | $ 47,000 | $ 23,500 | $ 32,000 |
| Butler, Alabama | 1 | $ 103,000 | $ 103,000 | $ 60,000 |
| Calhoun, Alabama | 1 | $ 137,000 | $ 137,000 | $ 75,000 |
| Lee, Alabama | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Tallapoosa, Alabama | 1 | $ 47,000 | $ 47,000 | $ 540,000 |
Mortgage Loan Application Detail Totals for Community Bank & Trust - Al 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 | 68 | $4,276,000 | $62,000 | $418,000 | $83,000 | $1,583,000 |
| Home Purchase | 22 | $1,469,000 | $66,000 | $355,000 | $67,000 | $540,000 |
| Home Improvement | 8 | $729,000 | $91,000 | $380,000 | $46,000 | $150,000 |
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 | 48 | $3,787,000 | $78,000 | $418,000 | $82,000 | $534,000 |
| Black or African American | 42 | $1,166,000 | $27,000 | $88,000 | $70,000 | $1,583,000 |
| Not applicable | 6 | $1,451,000 | $241,000 | $405,000 | $0 | $0 |
| Hispanic | 1 | $23,000 | $23,000 | $23,000 | $40,000 | $40,000 |
| American Indian or Alaskan Native | 1 | $47,000 | $47,000 | $47,000 | $540,000 | $540,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 98 | $6,474,000 | $66,000 | $418,000 | $76,000 | $1,583,000 |
| 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 | 89 | $6,244,000 | $70,000 | $418,000 | $81,000 | $1,583,000 |
| Application Denied By Financial Institution | 9 | $230,000 | $25,000 | $65,000 | $21,000 | $43,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community Bank & Trust - Al'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 Community Bank & Trust - Al'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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