Community & Southern Bank Mortgage Lending & HMDA Data, 2016
In 2016, Community & Southern Bank of Atlanta, GA reported 503 mortgage applications totaling $89.0 million. The average application was for $177,000, and applicants reported an average income of $144,234. 57% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (307), Dalton, GA (25) and Jacksonville, FL (8) (applications in parentheses).
| Mortgage Company & Address | Community & Southern Bank 3333 Riverwood Pkwy Ste 350 Atlanta, GA 30133 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 |
| Total Number of Mortgage Applications | 503 |
| Total Mortgage Loan Application Amount | $89,031,000 |
| Average Mortgage Loan Application Amount | $177,000 |
| Highest Mortgage Loan Application Amount | $1,332,000 |
| Average Applicant Income | $144,234 |
| Highest Applicant Income | $7,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community & Southern Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Community & Southern Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 255 | $42,904,000 | $168,000 | $1,332,000 | $136,000 | $7,900,000 |
| Home Purchase | 235 | $45,279,000 | $192,000 | $818,000 | $157,000 | $2,987,000 |
| Home Improvement | 13 | $848,000 | $65,000 | $270,000 | $75,000 | $243,000 |
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 | 397 | $72,261,000 | $182,000 | $1,332,000 | $132,000 | $7,900,000 |
| Black or African American | 44 | $8,089,000 | $183,000 | $528,000 | $68,000 | $329,000 |
| Hispanic | 22 | $2,933,000 | $133,000 | $398,000 | $71,000 | $168,000 |
| Not applicable | 14 | $1,325,000 | $94,000 | $247,000 | $9,000 | $89,000 |
| Not Provided | 14 | $2,186,000 | $156,000 | $695,000 | $89,000 | $236,000 |
| Asian | 11 | $2,077,000 | $188,000 | $352,000 | $1,292,000 | $2,987,000 |
| American Indian or Alaskan Native | 1 | $160,000 | $160,000 | $160,000 | $94,000 | $94,000 |
| Native Hawaiin 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) | 412 | $73,442,000 | $178,000 | $1,332,000 | $164,000 | $7,900,000 |
| FHA-insured (Federal Housing Administration) | 68 | $10,434,000 | $153,000 | $336,000 | $54,000 | $135,000 |
| VA-guaranteed (Veterans Administration) | 17 | $4,353,000 | $256,000 | $500,000 | $77,000 | $270,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $802,000 | $133,000 | $147,000 | $45,000 | $58,000 |
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 | 285 | $46,706,000 | $163,000 | $975,000 | $175,000 | $7,900,000 |
| Application Denied By Financial Institution | 150 | $26,117,000 | $174,000 | $1,332,000 | $101,000 | $1,562,000 |
| Application Withdrawn By Applicant | 40 | $9,504,000 | $237,000 | $1,080,000 | $105,000 | $625,000 |
| Application Approved But Not Accepted | 18 | $4,626,000 | $257,000 | $818,000 | $155,000 | $569,000 |
| File Closed For Incompleteness | 10 | $2,078,000 | $207,000 | $500,000 | $80,000 | $270,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 57 | $8,421,000 | $147,000 | $1,158,000 | $60,000 | $626,000 |
| Credit History | 36 | $6,503,000 | $180,000 | $1,332,000 | $143,000 | $1,562,000 |
| Credit Application Incomplete | 24 | $4,754,000 | $198,000 | $436,000 | $124,000 | $304,000 |
| Collateral | 20 | $4,520,000 | $226,000 | $900,000 | $137,000 | $977,000 |
| Unverifiable Information | 4 | $604,000 | $151,000 | $331,000 | $53,000 | $133,000 |
| Employment History | 3 | $532,000 | $177,000 | $360,000 | $72,000 | $121,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $303,000 | $151,000 | $215,000 | $22,000 | $45,000 |
| Other | 2 | $117,000 | $58,000 | $108,000 | $55,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community & Southern Bank'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 & Southern Bank'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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