Community First Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Community First Bank & Trust of Columbia, TN reported 685 mortgage applications totaling $122.6 million, up 4% from 2007. The average application was for $178,978, and applicants reported an average income of $94,639. 87% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (396), Knoxville, TN (3) and Boston-Quincy, MA (2) (applications in parentheses).
| Mortgage Company & Address | Community First Bank & Trust 501 S James Campbell Blvd Columbia, TN 38401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 685 |
| Total Mortgage Loan Application Amount | $122,600,000 |
| Average Mortgage Loan Application Amount | $178,978 |
| Highest Mortgage Loan Application Amount | $18,344,000 |
| Average Applicant Income | $94,639 |
| Highest Applicant Income | $1,089,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | 396 | $ 69,758,000 | $ 176,156 | $ 101,000 |
| Knoxville, TN | 3 | $ 414,000 | $ 138,000 | $ 350,000 |
| Boston-Quincy, MA | 2 | $ 546,000 | $ 273,000 | $ 187,000 |
| Chattanooga, TN-GA | 2 | $ 179,000 | $ 89,500 | $ 121,000 |
| Clarksville, TN-KY | 2 | $ 569,000 | $ 284,500 | $ 179,000 |
| Evansville, IN-KY | 1 | $ 148,000 | $ 148,000 | $ 72,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 64,000 | $ 64,000 | $ 56,000 |
| Florence-Muscle Shoals, AL | 1 | $ 28,000 | $ 28,000 | $ 107,000 |
| Muncie, IN | 1 | $ 57,000 | $ 57,000 | $ 85,000 |
| Panama City-Lynn Haven, FL | 1 | $ 417,000 | $ 417,000 | $ 208,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 114,000 | $ 114,000 | $ 118,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 182,000 | $ 182,000 | $ 240,000 |
Mortgage Loan Application Detail Totals for Community First Bank & Trust in 2008
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 | 321 | $55,172,000 | $171,000 | $1,076,000 | $108,000 | $1,027,000 |
| Refinancing | 288 | $65,757,000 | $228,000 | $18,344,000 | $91,000 | $1,089,000 |
| Home Improvement | 76 | $1,671,000 | $21,000 | $600,000 | $52,000 | $310,000 |
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 | 622 | $111,213,000 | $178,000 | $18,344,000 | $97,000 | $1,089,000 |
| Not applicable | 20 | $6,016,000 | $300,000 | $1,076,000 | $0 | $0 |
| Black or African American | 19 | $1,786,000 | $94,000 | $235,000 | $89,000 | $390,000 |
| Not Provided | 11 | $881,000 | $80,000 | $275,000 | $125,000 | $684,000 |
| Asian | 7 | $1,864,000 | $266,000 | $417,000 | $169,000 | $339,000 |
| Hispanic | 5 | $590,000 | $118,000 | $192,000 | $60,000 | $80,000 |
| American Indian or Alaskan Native | 1 | $250,000 | $250,000 | $250,000 | $73,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 682 | $122,130,000 | $179,000 | $18,344,000 | $95,000 | $1,089,000 |
| FHA-insured (Federal Housing Administration) | 2 | $265,000 | $132,000 | $144,000 | $48,000 | $55,000 |
| VA-guaranteed (Veterans Administration) | 1 | $205,000 | $205,000 | $205,000 | $104,000 | $104,000 |
| 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 | 594 | $111,702,000 | $188,000 | $18,344,000 | $100,000 | $1,089,000 |
| Application Denied By Financial Institution | 43 | $3,100,000 | $72,000 | $519,000 | $42,000 | $227,000 |
| Application Approved But Not Accepted | 27 | $4,676,000 | $173,000 | $417,000 | $86,000 | $363,000 |
| Application Withdrawn By Applicant | 21 | $3,122,000 | $148,000 | $417,000 | $73,000 | $391,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 First Bank & Trust's 2008 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 First 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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