First Madison Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, First Madison Bank & Trust of Athens, GA reported 257 mortgage applications totaling $36.1 million, down 10% from 2012. The average application was for $140,536, and applicants reported an average income of $108,996. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Athens-Clarke County, GA (205), Atlanta-Sandy Springs-Marietta, GA (14) and Panama City-Lynn Haven-Panama City Beach, FL (8) (applications in parentheses).
| Mortgage Company & Address | First Madison Bank & Trust 780 Highway 29 North Athens, GA 30601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 257 |
| Total Mortgage Loan Application Amount | $36,118,000 |
| Average Mortgage Loan Application Amount | $140,536 |
| Highest Mortgage Loan Application Amount | $1,412,000 |
| Average Applicant Income | $108,996 |
| Highest Applicant Income | $928,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Madison Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Clarke, Georgia | 98 | $ 13,684,000 | $ 139,632 | $ 102,000 |
| Madison, Georgia | 60 | $ 8,318,000 | $ 138,633 | $ 76,000 |
| Oconee, Georgia | 29 | $ 4,799,000 | $ 165,482 | $ 97,000 |
| Oglethorpe, Georgia | 18 | $ 2,697,000 | $ 149,833 | $ 128,000 |
| Bay, Florida | 8 | $ 655,000 | $ 81,875 | $ 392,000 |
| Jackson, Georgia | 8 | $ 253,000 | $ 31,625 | $ 186,000 |
| Barrow, Georgia | 6 | $ 725,000 | $ 120,833 | $ 67,000 |
| Franklin, Georgia | 4 | $ 202,000 | $ 50,500 | $ 27,000 |
| Elbert, Georgia | 3 | $ 241,000 | $ 80,333 | $ 19,000 |
| Fulton, Georgia | 3 | $ 100,000 | $ 33,333 | $ 126,000 |
| Walton, Georgia | 3 | $ 655,000 | $ 218,333 | $ 220,000 |
| Greene, Georgia | 2 | $ 181,000 | $ 90,500 | $ 58,000 |
| Hart, Georgia | 2 | $ 401,000 | $ 200,500 | $ 87,000 |
| Macon, North Carolina | 2 | $ 1,506,000 | $ 753,000 | $ 112,000 |
| St. Johns, Florida | 1 | $ 215,000 | $ 215,000 | $ 322,000 |
| Bulloch, Georgia | 1 | $ 123,000 | $ 123,000 | $ 190,000 |
| Douglas, Georgia | 1 | $ 198,000 | $ 198,000 | $ 691,000 |
| Habersham, Georgia | 1 | $ 126,000 | $ 126,000 | $ 2,000 |
| Jasper, Georgia | 1 | $ 68,000 | $ 68,000 | $ 50,000 |
| Morgan, Georgia | 1 | $ 374,000 | $ 374,000 | $ 0 |
| Putnam, Georgia | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Taliaferro, Georgia | 1 | $ 8,000 | $ 8,000 | $ 35,000 |
| Mecklenburg, North Carolina | 1 | $ 254,000 | $ 254,000 | $ 190,000 |
| Beaufort, South Carolina | 1 | $ 125,000 | $ 125,000 | $ 0 |
| McCormick, South Carolina | 1 | $ 140,000 | $ 140,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for First Madison Bank & Trust in 2013
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 | 203 | $29,500,000 | $145,000 | $1,412,000 | $104,000 | $691,000 |
| Home Purchase | 44 | $6,292,000 | $143,000 | $552,000 | $145,000 | $928,000 |
| Home Improvement | 10 | $326,000 | $32,000 | $65,000 | $52,000 | $93,000 |
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 | 190 | $27,627,000 | $145,000 | $1,412,000 | $136,000 | $928,000 |
| Not applicable | 40 | $7,105,000 | $177,000 | $910,000 | $0 | $0 |
| Black or African American | 26 | $1,224,000 | $47,000 | $168,000 | $75,000 | $148,000 |
| Asian | 1 | $162,000 | $162,000 | $162,000 | $118,000 | $118,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 257 | $36,118,000 | $140,000 | $1,412,000 | $109,000 | $928,000 |
| 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 | 256 | $36,008,000 | $140,000 | $1,412,000 | $109,000 | $928,000 |
| Application Denied By Financial Institution | 1 | $110,000 | $110,000 | $110,000 | $40,000 | $40,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Madison Bank & Trust's 2013 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 Madison 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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