First-Knox National Bank Mortgage Lending & HMDA Data, 2003
In 2003, First-Knox National Bank of Mount Vernon, OH reported 1,458 mortgage applications totaling $136.3 million. The average application was for $93,501, and applicants reported an average income of $63,296. 90% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Mansfield, OH (133), Columbus, OH (63) and Cleveland-Lorain-Elyria, OH (2) (applications in parentheses).
| Mortgage Company & Address | First-Knox National Bank 1 South Main Street Mount Vernon, OH 43050 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,458 |
| Total Mortgage Loan Application Amount | $136,325,000 |
| Average Mortgage Loan Application Amount | $93,501 |
| Highest Mortgage Loan Application Amount | $1,154,000 |
| Average Applicant Income | $63,296 |
| Highest Applicant Income | $900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First-Knox National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Knox, Ohio | 762 | $ 74,286,000 | $ 97,488 | $ 71,000 |
| Ashland, Ohio | 248 | $ 21,222,000 | $ 85,572 | $ 50,000 |
| Richland, Ohio | 130 | $ 10,286,000 | $ 79,123 | $ 66,000 |
| Morrow, Ohio | 112 | $ 9,410,000 | $ 84,017 | $ 52,000 |
| Holmes, Ohio | 97 | $ 8,035,000 | $ 82,835 | $ 44,000 |
| Licking, Ohio | 31 | $ 3,437,000 | $ 110,870 | $ 64,000 |
| Delaware, Ohio | 23 | $ 3,683,000 | $ 160,130 | $ 64,000 |
| Wayne, Ohio | 15 | $ 1,202,000 | $ 80,133 | $ 97,000 |
| Coshocton, Ohio | 9 | $ 727,000 | $ 80,777 | $ 42,000 |
| Franklin, Ohio | 9 | $ 1,275,000 | $ 141,666 | $ 58,000 |
| Marion, Ohio | 5 | $ 461,000 | $ 92,200 | $ 40,000 |
| Crawford, Ohio | 3 | $ 177,000 | $ 59,000 | $ 49,000 |
| Ottawa, Ohio | 3 | $ 485,000 | $ 161,666 | $ 104,000 |
| Tuscarawas, Ohio | 2 | $ 279,000 | $ 139,500 | $ 80,000 |
| Pima, Arizona | 1 | $ 241,000 | $ 241,000 | $ 92,000 |
| Manatee, Florida | 1 | $ 38,000 | $ 38,000 | $ 44,000 |
| Allegan, Michigan | 1 | $ 74,000 | $ 74,000 | $ 70,000 |
| Butler, Ohio | 1 | $ 104,000 | $ 104,000 | $ 150,000 |
| Geauga, Ohio | 1 | $ 210,000 | $ 210,000 | $ 52,000 |
| Harrison, Ohio | 1 | $ 421,000 | $ 421,000 | $ 70,000 |
| Medina, Ohio | 1 | $ 194,000 | $ 194,000 | $ 54,000 |
| Stark, Ohio | 1 | $ 71,000 | $ 71,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for First-Knox National Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 1,083 | $111,494,000 | $70,500 | $1,154,000 | $55,000 | $900,000 |
| Home Purchase (one-to-four family) | 282 | $23,330,000 | $101,000 | $325,000 | $58,750 | $744,000 |
| Home Improvement (one-to-four family) | 93 | $1,501,000 | $16,000 | $90,000 | $72,000 | $362,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,442 | $134,389,000 | $90,600 | $1,154,000 | $56,800 | $866,000 |
| Black | 7 | $850,000 | $121,000 | $260,000 | $144,000 | $900,000 |
| Asian or Pacific Islander | 3 | $473,000 | $157,000 | $292,000 | $114,000 | $289,000 |
| Other | 2 | $125,000 | $62,000 | $65,000 | $50,000 | $72,000 |
| Hispanic | 2 | $203,000 | $101,000 | $128,000 | $59,000 | $91,000 |
| Information not provided by applicant in mail or telephone application | 2 | $285,000 | $142,000 | $158,000 | $98,000 | $137,000 |
| 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) | 1,454 | $135,957,000 | $90,600 | $1,154,000 | $58,200 | $900,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $217,000 | $72,000 | $81,000 | $26,000 | $39,000 |
| VA-guaranteed (Veterans Administration) | 1 | $151,000 | $151,000 | $151,000 | $52,000 | $52,000 |
| FHA-insured (Federal Housing 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 | 1,308 | $123,192,000 | $111,750 | $1,154,000 | $70,000 | $900,000 |
| Application Withdrawn By Applicant | 87 | $8,563,000 | $98,000 | $320,000 | $45,000 | $118,000 |
| Application Denied By Financial Institution | 61 | $4,525,000 | $41,000 | $269,000 | $32,000 | $147,000 |
| Application Approved But Not Accepted | 2 | $45,000 | $22,000 | $41,000 | $33,000 | $54,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 24 | $1,853,000 | $43,500 | $269,000 | $30,000 | $137,000 |
| Debt-To-Income Ratio | 19 | $1,459,000 | $76,000 | $177,000 | $46,000 | $147,000 |
| Collateral | 9 | $704,000 | $78,000 | $142,000 | $39,000 | $66,000 |
| Employment History | 4 | $282,000 | $70,000 | $162,000 | $54,000 | $72,000 |
| Unverifiable Information | 3 | $132,000 | $44,000 | $72,000 | $51,000 | $96,000 |
| Other | 1 | $18,000 | $18,000 | $18,000 | $8,000 | $8,000 |
| Credit Application Incomplete | 1 | $77,000 | $77,000 | $77,000 | $36,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First-Knox National Bank's 2003 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-Knox National 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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