Hancock Bank of Alabama Mortgage Lending & HMDA Data, 2009
In 2009, Hancock Bank of Alabama of Mobile, AL reported 193 mortgage applications totaling $34.9 million, up 45% from 2008. The average application was for $181,015, and applicants reported an average income of $97,709. 51% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Mobile, AL (93), Pensacola-Ferry Pass-Brent, FL (17) and Pascagoula, MS (4) (applications in parentheses).
| Mortgage Company & Address | Hancock Bank of Alabama 127 Dauphin St Mobile, AL 36602 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 |
| Total Number of Mortgage Applications | 193 |
| Total Mortgage Loan Application Amount | $34,936,000 |
| Average Mortgage Loan Application Amount | $181,015 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $97,709 |
| Highest Applicant Income | $744,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hancock Bank of Alabama filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Mobile, AL | 93 | $ 13,958,000 | $ 150,086 | $ 80,000 |
| Pensacola-Ferry Pass-Brent, FL | 17 | $ 4,464,000 | $ 262,588 | $ 189,000 |
| Pascagoula, MS | 4 | $ 1,153,000 | $ 288,250 | $ 105,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 685,000 | $ 342,500 | $ 191,000 |
| Auburn-Opelika, AL | 1 | $ 248,000 | $ 248,000 | $ 143,000 |
| Gadsden, AL | 1 | $ 78,000 | $ 78,000 | $ 31,000 |
| Memphis, TN-MS-AR | 1 | $ 3,000 | $ 3,000 | $ 41,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 287,000 | $ 287,000 | $ 56,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 74,000 | $ 74,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Hancock Bank of Alabama in 2009
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 | 95 | $18,874,000 | $198,000 | $500,000 | $98,000 | $744,000 |
| Home Purchase | 70 | $13,301,000 | $190,000 | $650,000 | $102,000 | $456,000 |
| Home Improvement | 28 | $2,761,000 | $98,000 | $417,000 | $86,000 | $600,000 |
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 | 157 | $30,363,000 | $193,000 | $650,000 | $112,000 | $744,000 |
| Black or African American | 16 | $1,293,000 | $80,000 | $173,000 | $28,000 | $50,000 |
| Not Provided | 10 | $1,125,000 | $112,000 | $225,000 | $45,000 | $120,000 |
| Not applicable | 5 | $1,069,000 | $213,000 | $320,000 | $0 | $0 |
| Hispanic | 3 | $661,000 | $220,000 | $385,000 | $71,000 | $95,000 |
| Asian | 2 | $425,000 | $212,000 | $248,000 | $71,000 | $89,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 155 | $29,430,000 | $189,000 | $650,000 | $108,000 | $744,000 |
| FHA-insured (Federal Housing Administration) | 27 | $3,750,000 | $138,000 | $290,000 | $53,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $767,000 | $127,000 | $173,000 | $38,000 | $50,000 |
| VA-guaranteed (Veterans Administration) | 5 | $989,000 | $197,000 | $388,000 | $80,000 | $141,000 |
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 | 99 | $18,085,000 | $182,000 | $600,000 | $95,000 | $711,000 |
| Application Withdrawn By Applicant | 40 | $8,079,000 | $201,000 | $500,000 | $120,000 | $744,000 |
| Application Denied By Financial Institution | 38 | $5,619,000 | $147,000 | $650,000 | $75,000 | $350,000 |
| Application Approved But Not Accepted | 15 | $2,903,000 | $193,000 | $417,000 | $123,000 | $456,000 |
| File Closed For Incompleteness | 1 | $250,000 | $250,000 | $250,000 | $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 Hancock Bank of Alabama's 2009 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 Hancock Bank of Alabama'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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