First Madison Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, First Madison Bank & Trust of Athens, GA reported 250 mortgage applications totaling $37.0 million, down 3% from 2013. The average application was for $148,072, and applicants reported an average income of $91,636. 99% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Athens-Clarke County, GA (201), Atlanta-Sandy Springs-Roswell, GA (21) and Augusta-Richmond County, GA-SC (1) (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 | 250 |
| Total Mortgage Loan Application Amount | $37,018,000 |
| Average Mortgage Loan Application Amount | $148,072 |
| Highest Mortgage Loan Application Amount | $1,650,000 |
| Average Applicant Income | $91,636 |
| Highest Applicant Income | $735,000 |
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records First Madison Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 95 | $ 14,161,000 | $ 149,063 | $ 80,000 |
| Madison, Georgia | 62 | $ 6,578,000 | $ 106,096 | $ 90,000 |
| Oconee, Georgia | 30 | $ 5,719,000 | $ 190,633 | $ 127,000 |
| Barrow, Georgia | 14 | $ 1,666,000 | $ 119,000 | $ 68,000 |
| Oglethorpe, Georgia | 14 | $ 3,025,000 | $ 216,071 | $ 68,000 |
| Jackson, Georgia | 6 | $ 669,000 | $ 111,500 | $ 66,000 |
| Elbert, Georgia | 5 | $ 268,000 | $ 53,600 | $ 38,000 |
| Franklin, Georgia | 3 | $ 89,000 | $ 29,666 | $ 43,000 |
| Fulton, Georgia | 3 | $ 1,343,000 | $ 447,666 | $ 34,000 |
| Greene, Georgia | 3 | $ 116,000 | $ 38,666 | $ 64,000 |
| Stephens, Georgia | 2 | $ 179,000 | $ 89,500 | $ 129,000 |
| Walton, Georgia | 2 | $ 92,000 | $ 46,000 | $ 308,000 |
| St. Johns, Florida | 1 | $ 291,000 | $ 291,000 | $ 322,000 |
| Bibb, Georgia | 1 | $ 53,000 | $ 53,000 | $ 0 |
| Douglas, Georgia | 1 | $ 42,000 | $ 42,000 | $ 335,000 |
| Glynn, Georgia | 1 | $ 525,000 | $ 525,000 | $ 275,000 |
| Gwinnett, Georgia | 1 | $ 270,000 | $ 270,000 | $ 537,000 |
| Hart, Georgia | 1 | $ 29,000 | $ 29,000 | $ 83,000 |
| Lincoln, Georgia | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Putnam, Georgia | 1 | $ 432,000 | $ 432,000 | $ 321,000 |
| Union, Georgia | 1 | $ 51,000 | $ 51,000 | $ 37,000 |
| Macon, North Carolina | 1 | $ 1,053,000 | $ 1,053,000 | $ 219,000 |
| Robeson, North Carolina | 1 | $ 2,000 | $ 2,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for First Madison Bank & Trust in 2014
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 | 179 | $28,812,000 | $160,000 | $1,650,000 | $98,000 | $735,000 |
| Home Purchase | 58 | $7,384,000 | $127,000 | $545,000 | $82,000 | $537,000 |
| Home Improvement | 13 | $822,000 | $63,000 | $226,000 | $47,000 | $115,000 |
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 | 176 | $26,590,000 | $151,000 | $1,412,000 | $122,000 | $735,000 |
| Not applicable | 52 | $9,708,000 | $186,000 | $1,650,000 | $0 | $0 |
| Black or African American | 22 | $720,000 | $32,000 | $86,000 | $66,000 | $247,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 250 | $37,018,000 | $148,000 | $1,650,000 | $92,000 | $735,000 |
| 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 | 247 | $36,933,000 | $149,000 | $1,650,000 | $93,000 | $735,000 |
| Application Denied By Financial Institution | 2 | $22,000 | $11,000 | $12,000 | $22,000 | $26,000 |
| Application Withdrawn By Applicant | 1 | $63,000 | $63,000 | $63,000 | $21,000 | $21,000 |
| 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 2014 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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