Franklin Bank & Trust Company Mortgage Lending & HMDA Data, 2023
In 2023, Franklin Bank & Trust Company of Franklin, KY reported 123 mortgage applications totaling $69.8 million, down 25% from 2022. The average application was for $567,113, and applicants reported an average income of $172,544. 92% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Bowling Green, KY (52), Crestview-Fort Walton Beach-Destin, FL (5) and Nashville-Davidson--Murfreesboro--Franklin, TN (3) (applications in parentheses).
| Mortgage Company & Address | Franklin Bank & Trust Company P.O. Box 449 Franklin, KY 42134 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 123 |
| Total Mortgage Loan Application Amount | $69,755,000 |
| Average Mortgage Loan Application Amount | $567,113 |
| Highest Mortgage Loan Application Amount | $23,105,000 |
| Average Applicant Income | $172,544 |
| Highest Applicant Income | $2,643,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Franklin Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 54 | $ 7,610,000 | $ 140,925 | $ 97,000 |
| Bowling Green, KY | 52 | $ 50,100,000 | $ 963,461 | $ 228,000 |
| Crestview-Fort Walton Beach-Destin, FL | 5 | $ 4,155,000 | $ 831,000 | $ 950,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 2,015,000 | $ 671,666 | $ 276,000 |
| Lexington-Fayette, KY | 2 | $ 700,000 | $ 350,000 | $ 145,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 870,000 | $ 435,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 425,000 | $ 425,000 | $ 304,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 395,000 | $ 395,000 | $ 56,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 105,000 | $ 105,000 | $ 198,000 |
| Jackson, TN | 1 | $ 175,000 | $ 175,000 | $ 51,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 3,205,000 | $ 3,205,000 | $ 0 |
Mortgage Loan Application Detail Totals for Franklin Bank & Trust Company in 2023
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 | 87 | $62,285,000 | $715,000 | $23,105,000 | $199,000 | $2,643,000 |
| Refinancing | 22 | $4,000,000 | $181,000 | $845,000 | $80,000 | $176,000 |
| Home Improvement | 12 | $3,280,000 | $273,000 | $1,445,000 | $165,000 | $670,000 |
| Other Purpose | 2 | $190,000 | $95,000 | $155,000 | $85,000 | $108,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 66 | $14,030,000 | $212,000 | $1,445,000 | $172,000 | $2,643,000 |
| Not applicable | 49 | $54,765,000 | $1,117,000 | $23,105,000 | $0 | $0 |
| Black or African American | 4 | $450,000 | $112,000 | $265,000 | $113,000 | $297,000 |
| Hispanic | 3 | $405,000 | $135,000 | $225,000 | $44,000 | $61,000 |
| 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) | 122 | $69,640,000 | $570,000 | $23,105,000 | $165,000 | $2,643,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $115,000 | $115,000 | $115,000 | $39,000 | $39,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 113 | $68,345,000 | $604,000 | $23,105,000 | $175,000 | $2,643,000 |
| Application Denied By Financial Institution | 5 | $485,000 | $97,000 | $115,000 | $40,000 | $84,000 |
| Application Withdrawn By Applicant | 5 | $925,000 | $185,000 | $365,000 | $141,000 | $484,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 123 | $69,755,000 | $567,000 | $23,105,000 | $164,000 | $2,643,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin Bank & Trust Company's 2023 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 Franklin Bank & Trust Company'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.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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