Evolve Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Evolve Bank & Trust of Cordova, TN reported 1,159 mortgage applications totaling $207.0 million, up 1604% from 2008. The average application was for $178,584, and applicants reported an average income of $82,083. 74% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Memphis, TN-MS-AR (521), Jackson, MS (146) and Cincinnati-Middletown, OH-KY-IN (82) (applications in parentheses).
| Mortgage Company & Address | Evolve Bank & Trust 8000 Centerview Pkwy; Suite 500 Cordova, TN 38018 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 |
| Total Number of Mortgage Applications | 1,159 |
| Total Mortgage Loan Application Amount | $206,980,000 |
| Average Mortgage Loan Application Amount | $178,584 |
| Highest Mortgage Loan Application Amount | $730,000 |
| Average Applicant Income | $82,083 |
| Highest Applicant Income | $3,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Memphis, TN-MS-AR | 521 | $ 88,839,000 | $ 170,516 | $ 85,664 |
| Jackson, MS | 146 | $ 21,987,000 | $ 150,595 | $ 47,000 |
| Cincinnati-Middletown, OH-KY-IN | 82 | $ 15,471,000 | $ 188,670 | $ 73,560 |
| Atlanta-Sandy Springs-Marietta, GA | 36 | $ 5,641,000 | $ 156,694 | $ 68,000 |
| Santa Ana-Anaheim-Irvine, CA | 20 | $ 8,291,000 | $ 414,550 | $ 107,000 |
| Columbus, OH | 19 | $ 3,983,000 | $ 209,631 | $ 65,000 |
| Austin-Round Rock, TX | 15 | $ 2,806,000 | $ 187,066 | $ 82,000 |
| New York-White Plains-Wayne, NY-NJ | 10 | $ 3,918,000 | $ 391,800 | $ 105,000 |
| Cleveland-Elyria-Mentor, OH | 9 | $ 1,927,000 | $ 214,111 | $ 86,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 1,558,000 | $ 173,111 | $ 38,000 |
| Denver-Aurora-Broomfield, CO | 7 | $ 1,613,000 | $ 230,428 | $ 109,000 |
| Nassau-Suffolk, NY | 7 | $ 1,841,000 | $ 263,000 | $ 61,000 |
| Canton-Massillon, OH | 5 | $ 532,000 | $ 106,400 | $ 77,000 |
| Dayton, OH | 5 | $ 1,046,000 | $ 209,200 | $ 69,000 |
| New Haven-Milford, CT | 5 | $ 940,000 | $ 188,000 | $ 91,000 |
| Toledo, OH | 5 | $ 926,000 | $ 185,200 | $ 77,000 |
| Akron, OH | 3 | $ 458,000 | $ 152,666 | $ 78,000 |
| Dallas-Plano-Irving, TX | 3 | $ 593,000 | $ 197,666 | $ 139,000 |
| Fort Smith, AR-OK | 3 | $ 392,000 | $ 130,666 | $ 77,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 196,000 | $ 65,333 | $ 20,000 |
| Holland-Grand Haven, MI | 3 | $ 696,000 | $ 232,000 | $ 77,000 |
| Huntsville, AL | 3 | $ 582,000 | $ 194,000 | $ 100,000 |
| Knoxville, TN | 3 | $ 466,000 | $ 155,333 | $ 95,000 |
| Little Rock-North Little Rock-Conway, AR | 3 | $ 268,000 | $ 89,333 | $ 42,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 842,000 | $ 280,666 | $ 64,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 3 | $ 782,000 | $ 260,666 | $ 126,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 747,000 | $ 249,000 | $ 123,666 |
| Bellingham, WA | 2 | $ 645,000 | $ 322,500 | $ 153,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 635,000 | $ 317,500 | $ 107,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 264,000 | $ 132,000 | $ 59,000 |
| Fort Worth-Arlington, TX | 2 | $ 267,000 | $ 133,500 | $ 97,000 |
| Hattiesburg, MS | 2 | $ 299,000 | $ 149,500 | $ 49,000 |
| Hot Springs, AR | 2 | $ 401,000 | $ 200,500 | $ 120,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 641,000 | $ 320,500 | $ 130,000 |
| Jacksonville, FL | 2 | $ 540,000 | $ 270,000 | $ 104,000 |
| Las Vegas-Paradise, NV | 2 | $ 402,000 | $ 201,000 | $ 72,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 1,052,000 | $ 526,000 | $ 146,000 |
| Mansfield, OH | 2 | $ 275,000 | $ 137,500 | $ 96,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 369,000 | $ 184,500 | $ 62,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 367,000 | $ 183,500 | $ 29,000 |
| Raleigh-Cary, NC | 2 | $ 596,000 | $ 298,000 | $ 151,000 |
| Salt Lake City, UT | 2 | $ 479,000 | $ 239,500 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 568,000 | $ 284,000 | $ 111,000 |
| Tucson, AZ | 2 | $ 791,000 | $ 395,500 | $ 172,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 302,000 | $ 302,000 | $ 62,000 |
| Binghamton, NY | 1 | $ 252,000 | $ 252,000 | $ 136,000 |
| Birmingham-Hoover, AL | 1 | $ 230,000 | $ 230,000 | $ 40,000 |
| Boston-Quincy, MA | 1 | $ 203,000 | $ 203,000 | $ 22,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 132,000 | $ 132,000 | $ 549,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 362,000 | $ 362,000 | $ 133,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 366,000 | $ 366,000 | $ 0 |
| Decatur, AL | 1 | $ 63,000 | $ 63,000 | $ 85,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 334,000 | $ 334,000 | $ 240,000 |
| Fond Du Lac, WI | 1 | $ 232,000 | $ 232,000 | $ 53,000 |
| Fort Collins-Loveland, CO | 1 | $ 120,000 | $ 120,000 | $ 133,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 385,000 | $ 385,000 | $ 320,000 |
| Gainesville, FL | 1 | $ 212,000 | $ 212,000 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 190,000 | $ 190,000 | $ 62,000 |
| Jackson, TN | 1 | $ 240,000 | $ 240,000 | $ 150,000 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 85,000 | $ 85,000 | $ 64,000 |
| Kingston, NY | 1 | $ 249,000 | $ 249,000 | $ 53,000 |
| Lincoln, NE | 1 | $ 128,000 | $ 128,000 | $ 67,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 238,000 | $ 238,000 | $ 91,000 |
| Muskegon-Norton Shores, MI | 1 | $ 150,000 | $ 150,000 | $ 90,000 |
| Naples-Marco Island, FL | 1 | $ 63,000 | $ 63,000 | $ 54,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 155,000 | $ 155,000 | $ 150,000 |
| Norwich-New London, CT | 1 | $ 208,000 | $ 208,000 | $ 113,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 200,000 | $ 200,000 | $ 36,000 |
| Olympia, WA | 1 | $ 263,000 | $ 263,000 | $ 0 |
| Orlando-Kissimmee, FL | 1 | $ 129,000 | $ 129,000 | $ 98,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 200,000 | $ 200,000 | $ 114,000 |
| Philadelphia, PA | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 150,000 | $ 150,000 | $ 64,000 |
| Port St. Lucie, FL | 1 | $ 196,000 | $ 196,000 | $ 90,000 |
| Prescott, AZ | 1 | $ 91,000 | $ 91,000 | $ 31,000 |
| Rockford, IL | 1 | $ 188,000 | $ 188,000 | $ 0 |
| San Antonio, TX | 1 | $ 224,000 | $ 224,000 | $ 149,000 |
| St. Louis, MO-IL | 1 | $ 218,000 | $ 218,000 | $ 88,000 |
| Tallahassee, FL | 1 | $ 113,000 | $ 113,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 169,000 | $ 169,000 | $ 1,100,000 |
| Utica-Rome, NY | 1 | $ 136,000 | $ 136,000 | $ 115,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 184,000 | $ 184,000 | $ 116,000 |
| Wheeling, WV-OH | 1 | $ 213,000 | $ 213,000 | $ 54,000 |
| York-Hanover, PA | 1 | $ 124,000 | $ 124,000 | $ 66,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 129,000 | $ 129,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Evolve Bank & Trust in 2009
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 | 687 | $136,320,000 | $198,000 | $730,000 | $92,000 | $3,000,000 |
| Home Purchase | 461 | $70,254,000 | $152,000 | $724,000 | $68,000 | $544,000 |
| Home Improvement | 11 | $406,000 | $36,000 | $155,000 | $53,000 | $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 | 808 | $151,750,000 | $187,000 | $730,000 | $91,000 | $3,000,000 |
| Black or African American | 224 | $30,955,000 | $138,000 | $417,000 | $48,000 | $313,000 |
| Not Provided | 67 | $12,173,000 | $181,000 | $394,000 | $84,000 | $261,000 |
| Asian | 35 | $8,038,000 | $229,000 | $675,000 | $91,000 | $199,000 |
| Hispanic | 24 | $3,866,000 | $161,000 | $558,000 | $58,000 | $233,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $198,000 | $198,000 | $198,000 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 638 | $123,299,000 | $193,000 | $730,000 | $106,000 | $3,000,000 |
| FHA-insured (Federal Housing Administration) | 430 | $69,112,000 | $160,000 | $724,000 | $52,000 | $1,100,000 |
| VA-guaranteed (Veterans Administration) | 47 | $8,729,000 | $185,000 | $397,000 | $56,000 | $190,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 44 | $5,840,000 | $132,000 | $306,000 | $46,000 | $78,000 |
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 | 854 | $154,522,000 | $180,000 | $730,000 | $85,000 | $3,000,000 |
| Application Denied By Financial Institution | 195 | $32,082,000 | $164,000 | $675,000 | $69,000 | $261,000 |
| Application Withdrawn By Applicant | 92 | $17,394,000 | $189,000 | $414,000 | $78,000 | $250,000 |
| Application Approved But Not Accepted | 18 | $2,982,000 | $165,000 | $360,000 | $93,000 | $549,000 |
| 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 | 59 | $11,069,000 | $187,000 | $558,000 | $85,000 | $240,000 |
| Other | 46 | $7,614,000 | $165,000 | $675,000 | $85,000 | $199,000 |
| Credit History | 44 | $5,538,000 | $125,000 | $332,000 | $45,000 | $121,000 |
| Credit Application Incomplete | 20 | $2,847,000 | $142,000 | $322,000 | $67,000 | $261,000 |
| Debt-To-Income Ratio | 13 | $2,299,000 | $176,000 | $570,000 | $39,000 | $83,000 |
| Unverifiable Information | 7 | $1,493,000 | $213,000 | $408,000 | $48,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $867,000 | $216,000 | $417,000 | $60,000 | $94,000 |
| Employment History | 2 | $355,000 | $177,000 | $232,000 | $44,000 | $53,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Evolve Bank & Trust's 2009 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 Evolve 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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