First National Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, First National Bank & Trust of Fort Walton Beach, FL reported 536 mortgage applications totaling $88.3 million, down 43% from 2003. The average application was for $164,699, and applicants reported an average income of $65,195. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Fort Walton Beach-Crestview-Destin, FL (271), Pensacola-Ferry Pass-Brent, FL (83) and Panama City-Lynn Haven, FL (6) (applications in parentheses).
| Mortgage Company & Address | First National Bank & Trust P.O. Box 1327 Fort Walton Beach, FL 32549 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 536 |
| Total Mortgage Loan Application Amount | $88,279,000 |
| Average Mortgage Loan Application Amount | $164,699 |
| Highest Mortgage Loan Application Amount | $1,940,000 |
| Average Applicant Income | $65,195 |
| Highest Applicant Income | $849,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First National Bank & Trust in 2004
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 337 | $68,236,000 | $174,666 | $1,940,000 | $63,000 | $849,000 |
| Refinancing | 172 | $19,030,000 | $76,000 | $760,000 | $78,666 | $664,000 |
| Home Improvement | 27 | $1,013,000 | $37,000 | $168,000 | $40,000 | $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 | 475 | $73,896,000 | $125,750 | $1,618,000 | $66,250 | $849,000 |
| Not Provided | 20 | $2,640,000 | $132,000 | $287,000 | $55,000 | $120,000 |
| Black or African American | 13 | $1,243,000 | $95,000 | $167,000 | $43,000 | $90,000 |
| Not applicable | 11 | $8,156,000 | $741,000 | $1,940,000 | $0 | $0 |
| Hispanic | 8 | $1,402,000 | $175,000 | $432,000 | $96,000 | $300,000 |
| Asian | 6 | $674,000 | $112,000 | $163,000 | $61,000 | $223,000 |
| American Indian or Alaskan Native | 2 | $162,000 | $81,000 | $105,000 | $23,000 | $27,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $106,000 | $106,000 | $106,000 | $45,000 | $45,000 |
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) | 463 | $77,019,000 | $128,750 | $1,940,000 | $66,250 | $849,000 |
| VA-guaranteed (Veterans Administration) | 65 | $10,481,000 | $144,000 | $314,000 | $43,500 | $138,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $688,000 | $98,000 | $134,000 | $41,000 | $49,000 |
| FHA-insured (Federal Housing Administration) | 1 | $91,000 | $91,000 | $91,000 | $22,000 | $22,000 |
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 | 418 | $70,178,000 | $128,750 | $1,940,000 | $65,250 | $849,000 |
| Application Withdrawn By Applicant | 66 | $11,243,000 | $152,000 | $648,000 | $56,000 | $333,000 |
| Application Denied By Financial Institution | 42 | $4,771,000 | $113,000 | $421,000 | $54,000 | $240,000 |
| Application Approved But Not Accepted | 10 | $2,087,000 | $208,000 | $807,000 | $118,000 | $664,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 19 | $959,000 | $50,000 | $191,000 | $28,000 | $78,000 |
| Debt-To-Income Ratio | 12 | $2,311,000 | $192,000 | $421,000 | $70,000 | $240,000 |
| Collateral | 6 | $605,000 | $100,000 | $200,000 | $94,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $583,000 | $194,000 | $268,000 | $57,000 | $82,000 |
| Other | 1 | $143,000 | $143,000 | $143,000 | $41,000 | $41,000 |
| Employment History | 1 | $170,000 | $170,000 | $170,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 National Bank & Trust's 2004 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 National 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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