Town Square Bank Mortgage Lending & HMDA Data, 2016
In 2016, Town Square Bank of Ashland, KY reported 443 mortgage applications totaling $46.9 million, down 28% from 2015. The average application was for $105,783, and applicants reported an average income of $82,047. 65% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Huntington-Ashland, WV-KY-OH (268), Lexington-Fayette, KY (94) and Columbia, SC (1) (applications in parentheses).
| Mortgage Company & Address | Town Square Bank 1500 Carter Avenue Ashland, KY 41105 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 443 |
| Total Mortgage Loan Application Amount | $46,862,000 |
| Average Mortgage Loan Application Amount | $105,783 |
| Highest Mortgage Loan Application Amount | $560,000 |
| Average Applicant Income | $82,047 |
| Highest Applicant Income | $1,301,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Town Square Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Huntington-Ashland, WV-KY-OH | 268 | $ 22,773,000 | $ 84,973 | $ 77,578 |
| Lexington-Fayette, KY | 94 | $ 15,429,000 | $ 164,138 | $ 94,000 |
| Columbia, SC | 1 | $ 100,000 | $ 100,000 | $ 162,000 |
| Columbus, OH | 1 | $ 132,000 | $ 132,000 | $ 197,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 560,000 | $ 560,000 | $ 280,000 |
| Dayton, OH | 1 | $ 145,000 | $ 145,000 | $ 77,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 80,000 | $ 80,000 | $ 75,000 |
| Knoxville, TN | 1 | $ 5,000 | $ 5,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Town Square Bank in 2016
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 | 204 | $26,249,000 | $128,000 | $560,000 | $87,000 | $1,301,000 |
| Home Purchase | 173 | $19,858,000 | $114,000 | $417,000 | $85,000 | $413,000 |
| Home Improvement | 66 | $755,000 | $11,000 | $60,000 | $59,000 | $150,000 |
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 | 430 | $45,505,000 | $105,000 | $560,000 | $83,000 | $1,301,000 |
| Black or African American | 5 | $528,000 | $105,000 | $188,000 | $57,000 | $92,000 |
| Not applicable | 4 | $640,000 | $160,000 | $290,000 | $0 | $0 |
| Not Provided | 2 | $181,000 | $90,000 | $126,000 | $89,000 | $134,000 |
| Hispanic | 2 | $8,000 | $4,000 | $5,000 | $26,000 | $30,000 |
| Native Hawaiin 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 |
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) | 442 | $46,717,000 | $105,000 | $560,000 | $82,000 | $1,301,000 |
| VA-guaranteed (Veterans Administration) | 1 | $145,000 | $145,000 | $145,000 | $77,000 | $77,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 289 | $27,834,000 | $96,000 | $417,000 | $87,000 | $1,301,000 |
| Application Denied By Financial Institution | 82 | $9,163,000 | $111,000 | $400,000 | $64,000 | $262,000 |
| Application Approved But Not Accepted | 44 | $5,867,000 | $133,000 | $438,000 | $75,000 | $296,000 |
| Application Withdrawn By Applicant | 28 | $3,998,000 | $142,000 | $560,000 | $90,000 | $280,000 |
| 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 | 42 | $4,101,000 | $97,000 | $273,000 | $53,000 | $129,000 |
| Collateral | 14 | $1,413,000 | $100,000 | $357,000 | $71,000 | $262,000 |
| Credit Application Incomplete | 14 | $2,630,000 | $187,000 | $400,000 | $106,000 | $210,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $790,000 | $98,000 | $143,000 | $48,000 | $130,000 |
| Debt-To-Income Ratio | 3 | $215,000 | $71,000 | $96,000 | $28,000 | $42,000 |
| Other | 1 | $14,000 | $14,000 | $14,000 | $84,000 | $84,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Town Square Bank's 2016 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 Town Square 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.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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