Flag Bank Mortgage Lending & HMDA Data, 2005
In 2005, Flag Bank of Atlanta, GA reported 1,208 mortgage applications totaling $193.9 million, down 7% from 2004. The average application was for $160,548, and applicants reported an average income of $80,664. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (260), Columbus, GA-AL (149) and Warner Robins, GA (107) (applications in parentheses).
| Mortgage Company & Address | Flag Bank 3475 Piedmont Road, Ne Suite 550 Atlanta, GA 30305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,208 |
| Total Mortgage Loan Application Amount | $193,942,000 |
| Average Mortgage Loan Application Amount | $160,548 |
| Highest Mortgage Loan Application Amount | $52,860,000 |
| Average Applicant Income | $80,664 |
| Highest Applicant Income | $2,605,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Flag Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Troup, Georgia | 242 | $ 19,969,000 | $ 82,516 | $ 55,000 |
| Houston, Georgia | 107 | $ 12,332,000 | $ 115,252 | $ 64,000 |
| Bibb, Georgia | 96 | $ 8,174,000 | $ 85,145 | $ 82,000 |
| Dooly, Georgia | 82 | $ 2,747,000 | $ 33,500 | $ 65,000 |
| Muscogee, Georgia | 70 | $ 8,327,000 | $ 118,957 | $ 65,000 |
| Macon, Georgia | 68 | $ 4,601,000 | $ 67,661 | $ 40,000 |
| Coweta, Georgia | 63 | $ 8,617,000 | $ 136,777 | $ 67,000 |
| Marion, Georgia | 50 | $ 2,248,000 | $ 44,960 | $ 34,000 |
| Fulton, Georgia | 34 | $ 62,314,000 | $ 1,832,764 | $ 155,000 |
| Fayette, Georgia | 29 | $ 5,989,000 | $ 206,517 | $ 68,000 |
| Harris, Georgia | 25 | $ 4,118,000 | $ 164,720 | $ 79,000 |
| Gwinnett, Georgia | 23 | $ 7,618,000 | $ 331,217 | $ 116,000 |
| Meriwether, Georgia | 23 | $ 1,933,000 | $ 84,043 | $ 88,000 |
| Sumter, Georgia | 22 | $ 2,990,000 | $ 135,909 | $ 66,000 |
| Lee, Alabama | 18 | $ 2,260,000 | $ 125,555 | $ 98,000 |
| Schley, Georgia | 18 | $ 1,296,000 | $ 72,000 | $ 40,000 |
| Crisp, Georgia | 15 | $ 1,528,000 | $ 101,866 | $ 46,000 |
| Cobb, Georgia | 14 | $ 2,509,000 | $ 179,214 | $ 179,000 |
| DeKalb, Georgia | 13 | $ 2,653,000 | $ 204,076 | $ 111,000 |
| Spalding, Georgia | 12 | $ 1,659,000 | $ 138,250 | $ 71,000 |
| Pulaski, Georgia | 10 | $ 1,176,000 | $ 117,600 | $ 96,000 |
| Cherokee, Georgia | 9 | $ 1,137,000 | $ 126,333 | $ 84,000 |
| Chambers, Alabama | 8 | $ 453,000 | $ 56,625 | $ 209,000 |
| Forsyth, Georgia | 8 | $ 1,385,000 | $ 173,125 | $ 83,000 |
| Russell, Alabama | 7 | $ 893,000 | $ 127,571 | $ 40,000 |
| Henry, Georgia | 7 | $ 892,000 | $ 127,428 | $ 51,000 |
| Bay, Florida | 6 | $ 1,936,000 | $ 322,666 | $ 191,000 |
| Carroll, Georgia | 6 | $ 505,000 | $ 84,166 | $ 66,000 |
| Hall, Georgia | 5 | $ 561,000 | $ 112,200 | $ 29,000 |
| Heard, Georgia | 5 | $ 370,000 | $ 74,000 | $ 47,000 |
| Talbot, Georgia | 5 | $ 281,000 | $ 56,200 | $ 36,000 |
| Walton, Florida | 4 | $ 1,720,000 | $ 430,000 | $ 253,000 |
| Chattahoochee, Georgia | 4 | $ 364,000 | $ 91,000 | $ 53,000 |
| Clayton, Georgia | 4 | $ 3,251,000 | $ 812,750 | $ 32,000 |
| Glynn, Georgia | 4 | $ 432,000 | $ 108,000 | $ 60,000 |
| Monroe, Georgia | 4 | $ 519,000 | $ 129,750 | $ 77,000 |
| Peach, Georgia | 4 | $ 420,000 | $ 105,000 | $ 55,000 |
| Pike, Georgia | 4 | $ 390,000 | $ 97,500 | $ 103,000 |
| Taylor, Georgia | 4 | $ 358,000 | $ 89,500 | $ 71,000 |
| Randolph, Alabama | 3 | $ 720,000 | $ 240,000 | $ 163,000 |
| Tallapoosa, Alabama | 3 | $ 408,000 | $ 136,000 | $ 77,000 |
| Okaloosa, Florida | 3 | $ 356,000 | $ 118,666 | $ 112,000 |
| Jones, Georgia | 3 | $ 464,000 | $ 154,666 | $ 48,000 |
| Upson, Georgia | 3 | $ 99,000 | $ 33,000 | $ 43,000 |
| Clarke, Georgia | 2 | $ 344,000 | $ 172,000 | $ 339,000 |
| Columbia, Georgia | 2 | $ 216,000 | $ 108,000 | $ 51,000 |
| Dawson, Georgia | 2 | $ 640,000 | $ 320,000 | $ 326,000 |
| Douglas, Georgia | 2 | $ 264,000 | $ 132,000 | $ 33,000 |
| Gilmer, Georgia | 2 | $ 258,000 | $ 129,000 | $ 52,000 |
| Hart, Georgia | 2 | $ 475,000 | $ 237,500 | $ 106,000 |
| Putnam, Georgia | 2 | $ 626,000 | $ 313,000 | $ 570,000 |
| Cabarrus, North Carolina | 2 | $ 166,000 | $ 83,000 | $ 21,000 |
| Mecklenburg, North Carolina | 2 | $ 484,000 | $ 242,000 | $ 105,000 |
| Union, North Carolina | 2 | $ 383,000 | $ 191,500 | $ 85,000 |
| Barbour, Alabama | 1 | $ 25,000 | $ 25,000 | $ 98,000 |
| Los Angeles, California | 1 | $ 56,000 | $ 56,000 | $ 118,000 |
| Yuba, California | 1 | $ 266,000 | $ 266,000 | $ 68,000 |
| Flagler, Florida | 1 | $ 90,000 | $ 90,000 | $ 33,000 |
| Franklin, Florida | 1 | $ 300,000 | $ 300,000 | $ 102,000 |
| Hillsborough, Florida | 1 | $ 235,000 | $ 235,000 | $ 103,000 |
| Lake, Florida | 1 | $ 227,000 | $ 227,000 | $ 30,000 |
| Lee, Florida | 1 | $ 175,000 | $ 175,000 | $ 132,000 |
| Nassau, Florida | 1 | $ 245,000 | $ 245,000 | $ 83,000 |
| Orange, Florida | 1 | $ 217,000 | $ 217,000 | $ 33,000 |
| Osceola, Florida | 1 | $ 267,000 | $ 267,000 | $ 185,000 |
| Palm Beach, Florida | 1 | $ 285,000 | $ 285,000 | $ 42,000 |
| Volusia, Florida | 1 | $ 163,000 | $ 163,000 | $ 40,000 |
| Barrow, Georgia | 1 | $ 118,000 | $ 118,000 | $ 34,000 |
| Colquitt, Georgia | 1 | $ 344,000 | $ 344,000 | $ 188,000 |
| Crawford, Georgia | 1 | $ 160,000 | $ 160,000 | $ 74,000 |
| Dougherty, Georgia | 1 | $ 21,000 | $ 21,000 | $ 53,000 |
| Floyd, Georgia | 1 | $ 346,000 | $ 346,000 | $ 164,000 |
| Lee, Georgia | 1 | $ 112,000 | $ 112,000 | $ 53,000 |
| Lowndes, Georgia | 1 | $ 107,000 | $ 107,000 | $ 69,000 |
| Mitchell, Georgia | 1 | $ 85,000 | $ 85,000 | $ 70,000 |
| Newton, Georgia | 1 | $ 322,000 | $ 322,000 | $ 102,000 |
| Oconee, Georgia | 1 | $ 21,000 | $ 21,000 | $ 50,000 |
| Paulding, Georgia | 1 | $ 143,000 | $ 143,000 | $ 98,000 |
| Rabun, Georgia | 1 | $ 250,000 | $ 250,000 | $ 51,000 |
| Screven, Georgia | 1 | $ 190,000 | $ 190,000 | $ 72,000 |
| Stewart, Georgia | 1 | $ 59,000 | $ 59,000 | $ 65,000 |
| Telfair, Georgia | 1 | $ 34,000 | $ 34,000 | $ 48,000 |
| Wilcox, Georgia | 1 | $ 29,000 | $ 29,000 | $ 29,000 |
| Hinds, Mississippi | 1 | $ 28,000 | $ 28,000 | $ 84,000 |
| Davidson, North Carolina | 1 | $ 240,000 | $ 240,000 | $ 115,000 |
| Jackson, North Carolina | 1 | $ 178,000 | $ 178,000 | $ 73,000 |
| Pasquotank, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 32,000 |
| Georgetown, South Carolina | 1 | $ 314,000 | $ 314,000 | $ 237,000 |
| Greenville, South Carolina | 1 | $ 115,000 | $ 115,000 | $ 156,000 |
| Horry, South Carolina | 1 | $ 385,000 | $ 385,000 | $ 71,000 |
| Oconee, South Carolina | 1 | $ 277,000 | $ 277,000 | $ 223,000 |
| Sevier, Tennessee | 1 | $ 197,000 | $ 197,000 | $ 187,000 |
| Newport News, Virginia | 1 | $ 2,000 | $ 2,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Flag Bank in 2005
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 | 560 | $67,292,000 | $177,714 | $4,200,000 | $110,571 | $2,605,000 |
| Home Purchase | 556 | $124,212,000 | $211,833 | $52,860,000 | $110,333 | $1,290,000 |
| Home Improvement | 92 | $2,438,000 | $12,666 | $346,000 | $54,000 | $255,000 |
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 | 824 | $147,255,000 | $172,250 | $52,860,000 | $126,125 | $2,605,000 |
| Black or African American | 221 | $17,604,000 | $64,333 | $542,000 | $47,000 | $246,000 |
| Not Provided | 75 | $14,488,000 | $221,400 | $4,200,000 | $48,400 | $998,000 |
| Not applicable | 52 | $10,942,000 | $210,000 | $2,900,000 | $59,000 | $767,000 |
| Hispanic | 21 | $1,718,000 | $98,500 | $192,000 | $100,000 | $253,000 |
| Asian | 9 | $1,158,000 | $128,000 | $344,000 | $131,000 | $396,000 |
| American Indian or Alaskan Native | 4 | $554,000 | $146,500 | $196,000 | $54,000 | $92,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $223,000 | $111,000 | $158,000 | $88,000 | $96,000 |
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) | 1,054 | $173,956,000 | $159,800 | $52,860,000 | $103,400 | $2,605,000 |
| VA-guaranteed (Veterans Administration) | 79 | $11,883,000 | $147,000 | $336,000 | $53,000 | $131,000 |
| FHA-insured (Federal Housing Administration) | 75 | $8,103,000 | $119,333 | $350,000 | $41,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,009 | $116,354,000 | $165,444 | $4,200,000 | $113,777 | $2,605,000 |
| Application Denied By Financial Institution | 100 | $60,748,000 | $226,000 | $52,860,000 | $119,250 | $540,000 |
| Application Withdrawn By Applicant | 67 | $9,737,000 | $203,666 | $542,000 | $63,166 | $246,000 |
| Application Approved But Not Accepted | 24 | $3,157,000 | $116,500 | $360,000 | $72,500 | $253,000 |
| File Closed For Incompleteness | 5 | $646,000 | $127,500 | $210,000 | $52,000 | $144,000 |
| Loan Purchased By The Institution | 3 | $3,300,000 | $1,100,000 | $2,900,000 | $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 | 69 | $5,631,000 | $99,666 | $350,000 | $66,000 | $240,000 |
| Other | 11 | $607,000 | $67,000 | $130,000 | $286,500 | $540,000 |
| Debt-To-Income Ratio | 8 | $562,000 | $70,000 | $190,000 | $37,000 | $120,000 |
| Collateral | 3 | $217,000 | $76,500 | $90,000 | $16,500 | $33,000 |
| Unverifiable Information | 3 | $53,126,000 | $17,708,000 | $52,860,000 | $76,000 | $171,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $364,000 | $121,000 | $176,000 | $76,000 | $87,000 |
| Credit Application Incomplete | 2 | $162,000 | $81,000 | $94,000 | $19,000 | $27,000 |
| Employment History | 1 | $79,000 | $79,000 | $79,000 | $32,000 | $32,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Flag Bank's 2005 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 Flag 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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