Heritage Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Heritage Bank & Trust of Columbia, TN reported 153 mortgage applications totaling $36.5 million, down 13% from 2022. The average application was for $238,398, and applicants reported an average income of $143,084. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (74), Chattanooga, TN-GA (1) and Cincinnati, OH-KY-IN (1) (applications in parentheses).
| Mortgage Company & Address | Heritage Bank & Trust 217 S James Campbell Blvd Columbia, TN 38401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 153 |
| Total Mortgage Loan Application Amount | $36,475,000 |
| Average Mortgage Loan Application Amount | $238,398 |
| Highest Mortgage Loan Application Amount | $3,075,000 |
| Average Applicant Income | $143,084 |
| Highest Applicant Income | $1,676,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heritage Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Heritage Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Refinancing | 65 | $14,075,000 | $216,000 | $705,000 | $107,000 | $499,000 |
| Home Purchase | 62 | $19,130,000 | $308,000 | $3,075,000 | $198,000 | $1,676,000 |
| Other Purpose | 15 | $1,285,000 | $85,000 | $205,000 | $114,000 | $305,000 |
| Cash-out Refinancing | 9 | $1,865,000 | $207,000 | $555,000 | $77,000 | $131,000 |
| Home Improvement | 2 | $120,000 | $60,000 | $75,000 | $129,000 | $160,000 |
| 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 | 133 | $30,665,000 | $230,000 | $3,075,000 | $145,000 | $1,676,000 |
| Not applicable | 9 | $3,865,000 | $429,000 | $645,000 | $0 | $0 |
| Black or African American | 5 | $685,000 | $137,000 | $365,000 | $132,000 | $193,000 |
| Hispanic | 2 | $290,000 | $145,000 | $245,000 | $82,000 | $101,000 |
| Asian | 1 | $155,000 | $155,000 | $155,000 | $165,000 | $165,000 |
| Not Provided | 1 | $205,000 | $205,000 | $205,000 | $103,000 | $103,000 |
| 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) | 152 | $36,190,000 | $238,000 | $3,075,000 | $144,000 | $1,676,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $285,000 | $285,000 | $285,000 | $87,000 | $87,000 |
| 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 | 129 | $30,145,000 | $233,000 | $3,075,000 | $152,000 | $1,676,000 |
| Application Withdrawn By Applicant | 15 | $4,235,000 | $282,000 | $705,000 | $115,000 | $299,000 |
| Application Denied By Financial Institution | 6 | $910,000 | $151,000 | $405,000 | $61,000 | $108,000 |
| Application Approved But Not Accepted | 2 | $1,160,000 | $580,000 | $635,000 | $161,000 | $314,000 |
| File Closed For Incompleteness | 1 | $25,000 | $25,000 | $25,000 | $48,000 | $48,000 |
| 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 | 153 | $36,475,000 | $238,000 | $3,075,000 | $143,000 | $1,676,000 |
| 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 Heritage Bank & Trust'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 Heritage 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.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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