Community & Southern Bank Mortgage Lending & HMDA Data, 2011
In 2011, Community & Southern Bank of Atlanta, GA reported 851 mortgage applications totaling $80.5 million. The average application was for $94,629, and applicants reported an average income of $68,042. 73% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (498), Dalton, GA (47) and Athens-Clarke County, GA (10) (applications in parentheses).
| Mortgage Company & Address | Community & Southern Bank 3333 Riverwood Parkway Suite #350 Atlanta, GA 30339 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 851 |
| Total Mortgage Loan Application Amount | $80,530,000 |
| Average Mortgage Loan Application Amount | $94,629 |
| Highest Mortgage Loan Application Amount | $1,044,000 |
| Average Applicant Income | $68,042 |
| Highest Applicant Income | $928,000 |
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records Community & Southern Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 685 | $69,453,000 | $101,000 | $1,044,000 | $69,000 | $928,000 |
| Home Purchase | 129 | $9,750,000 | $75,000 | $297,000 | $71,000 | $577,000 |
| Home Improvement | 37 | $1,327,000 | $35,000 | $231,000 | $40,000 | $144,000 |
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 | 669 | $62,395,000 | $93,000 | $1,044,000 | $80,000 | $928,000 |
| Not applicable | 75 | $11,151,000 | $148,000 | $842,000 | $1,000 | $103,000 |
| Hispanic | 48 | $3,771,000 | $78,000 | $389,000 | $34,000 | $100,000 |
| Black or African American | 41 | $1,859,000 | $45,000 | $175,000 | $43,000 | $179,000 |
| Not Provided | 13 | $939,000 | $72,000 | $233,000 | $64,000 | $144,000 |
| American Indian or Alaskan Native | 3 | $215,000 | $71,000 | $155,000 | $79,000 | $92,000 |
| Asian | 2 | $200,000 | $100,000 | $100,000 | $35,000 | $48,000 |
| 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) | 843 | $79,809,000 | $94,000 | $1,044,000 | $69,000 | $928,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $412,000 | $103,000 | $140,000 | $37,000 | $48,000 |
| FHA-insured (Federal Housing Administration) | 3 | $241,000 | $80,000 | $92,000 | $31,000 | $42,000 |
| VA-guaranteed (Veterans Administration) | 1 | $68,000 | $68,000 | $68,000 | $48,000 | $48,000 |
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 | 624 | $56,476,000 | $90,000 | $1,044,000 | $72,000 | $928,000 |
| Application Denied By Financial Institution | 163 | $15,645,000 | $95,000 | $445,000 | $55,000 | $426,000 |
| Application Withdrawn By Applicant | 61 | $7,739,000 | $126,000 | $592,000 | $68,000 | $366,000 |
| Application Approved But Not Accepted | 2 | $520,000 | $260,000 | $417,000 | $54,000 | $74,000 |
| Loan Purchased By The Institution | 1 | $150,000 | $150,000 | $150,000 | $104,000 | $104,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 47 | $5,353,000 | $113,000 | $410,000 | $54,000 | $426,000 |
| Credit History | 39 | $2,703,000 | $69,000 | $396,000 | $51,000 | $240,000 |
| Credit Application Incomplete | 35 | $3,427,000 | $97,000 | $445,000 | $62,000 | $422,000 |
| Collateral | 18 | $2,486,000 | $138,000 | $410,000 | $72,000 | $286,000 |
| Employment History | 8 | $597,000 | $74,000 | $275,000 | $48,000 | $101,000 |
| Other | 7 | $392,000 | $56,000 | $148,000 | $45,000 | $110,000 |
| Unverifiable Information | 3 | $344,000 | $114,000 | $168,000 | $38,000 | $71,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $158,000 | $158,000 | $158,000 | $53,000 | $53,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community & Southern Bank's 2011 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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