First Jackson Bank, Inc Mortgage Lending & HMDA Data, 2012
In 2012, First Jackson Bank, Inc of Stevenson, AL reported 179 mortgage applications totaling $10.1 million, down 14% from 2011. The average application was for $56,279, and applicants reported an average income of $59,463. 94% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chattanooga, TN-GA (33), Huntsville, AL (9) and Anniston-Oxford, AL (1) (applications in parentheses).
| Mortgage Company & Address | First Jackson Bank, Inc 43243 U S Highway 72 Stevenson, AL 35772 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 179 |
| Total Mortgage Loan Application Amount | $10,074,000 |
| Average Mortgage Loan Application Amount | $56,279 |
| Highest Mortgage Loan Application Amount | $403,000 |
| Average Applicant Income | $59,463 |
| Highest Applicant Income | $584,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Jackson Bank, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chattanooga, TN-GA | 33 | $ 2,558,000 | $ 77,515 | $ 76,818 |
| Huntsville, AL | 9 | $ 1,044,000 | $ 116,000 | $ 71,000 |
| Anniston-Oxford, AL | 1 | $ 59,000 | $ 59,000 | $ 72,000 |
| Tuscaloosa, AL | 1 | $ 124,000 | $ 124,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for First Jackson Bank, Inc in 2012
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 | 100 | $5,743,000 | $57,000 | $292,000 | $59,000 | $541,000 |
| Home Purchase | 53 | $3,366,000 | $63,000 | $403,000 | $64,000 | $584,000 |
| Home Improvement | 26 | $965,000 | $37,000 | $189,000 | $52,000 | $180,000 |
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 | 165 | $9,136,000 | $55,000 | $403,000 | $62,000 | $584,000 |
| Black or African American | 6 | $205,000 | $34,000 | $95,000 | $32,000 | $53,000 |
| American Indian or Alaskan Native | 3 | $61,000 | $20,000 | $32,000 | $51,000 | $99,000 |
| Asian | 2 | $364,000 | $182,000 | $240,000 | $46,000 | $47,000 |
| Not applicable | 2 | $223,000 | $111,000 | $189,000 | $0 | $0 |
| Hispanic | 1 | $85,000 | $85,000 | $85,000 | $38,000 | $38,000 |
| 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) | 179 | $10,074,000 | $56,000 | $403,000 | $60,000 | $584,000 |
| 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 | 168 | $9,218,000 | $54,000 | $403,000 | $60,000 | $584,000 |
| Application Denied By Financial Institution | 6 | $271,000 | $45,000 | $94,000 | $39,000 | $112,000 |
| Application Withdrawn By Applicant | 2 | $241,000 | $120,000 | $146,000 | $76,000 | $102,000 |
| Application Approved But Not Accepted | 2 | $324,000 | $162,000 | $292,000 | $99,000 | $157,000 |
| File Closed For Incompleteness | 1 | $20,000 | $20,000 | $20,000 | $30,000 | $30,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $71,000 | $23,000 | $40,000 | $16,000 | $29,000 |
| Debt-To-Income Ratio | 2 | $150,000 | $75,000 | $94,000 | $37,000 | $42,000 |
| Collateral | 1 | $50,000 | $50,000 | $50,000 | $112,000 | $112,000 |
| Credit Application Incomplete | 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 First Jackson Bank, Inc's 2012 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 First Jackson Bank, Inc'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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