Independent Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Independent Bank 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Independent Bank 5050 Poplar Avenue Ste 2100 Memphis, TN 38157 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,251 |
| Total Mortgage Loan Application Amount | $314,025,000 |
| Average Mortgage Loan Application Amount | $255,000 |
| Highest Mortgage Loan Application Amount | $1,105,000 |
| Average Applicant Income | $130,000 |
| Highest Applicant Income | $960,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Independent Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Independent Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2020 breaks down Independent Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Independent Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Independent Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Independent Bank's mortgage activity for 2020.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Shelby County Tennessee | 573 | $ 137,185,000 | $ 239,000 | $ 129,000 |
| Hamilton County Tennessee | 178 | $ 42,480,000 | $ 238,000 | $ 98,000 |
| DeSoto County Mississippi | 46 | $ 9,570,000 | $ 208,000 | $ 78,000 |
| Fayette County Tennessee | 31 | $ 8,755,000 | $ 282,000 | $ 100,000 |
| Catoosa County Georgia | 27 | $ 5,495,000 | $ 203,000 | $ 70,000 |
| Jefferson County Alabama | 25 | $ 7,335,000 | $ 293,000 | $ 140,000 |
| Madison County Alabama | 21 | $ 5,395,000 | $ 256,000 | $ 132,000 |
| Jefferson County Kentucky | 18 | $ 5,680,000 | $ 315,000 | $ 160,000 |
| Walker County Georgia | 13 | $ 2,525,000 | $ 194,000 | $ 65,000 |
| Bradley County Tennessee | 13 | $ 2,405,000 | $ 185,000 | $ 98,000 |
| Fayette County Kentucky | 11 | $ 3,375,000 | $ 306,000 | $ 140,000 |
| Shelby County Alabama | 9 | $ 2,565,000 | $ 285,000 | $ 136,000 |
| Davidson County Tennessee | 9 | $ 3,075,000 | $ 341,000 | $ 178,000 |
| Orleans County Louisiana | 8 | $ 2,910,000 | $ 363,000 | $ 259,000 |
| Baldwin County Alabama | 7 | $ 2,065,000 | $ 295,000 | $ 171,000 |
| Limestone County Alabama | 7 | $ 1,675,000 | $ 239,000 | $ 135,000 |
| Crittenden County Arkansas | 7 | $ 1,855,000 | $ 265,000 | $ 224,000 |
| St. Tammany County Louisiana | 7 | $ 2,115,000 | $ 302,000 | $ 185,000 |
| Lafayette County Mississippi | 7 | $ 2,455,000 | $ 350,000 | $ 299,000 |
| Williamson County Tennessee | 7 | $ 2,695,000 | $ 385,000 | $ 235,000 |
| East Baton Rouge County Louisiana | 6 | $ 1,890,000 | $ 315,000 | $ 74,000 |
| Hardin County Tennessee | 6 | $ 970,000 | $ 161,000 | $ 151,000 |
| Marion County Tennessee | 6 | $ 950,000 | $ 158,000 | $ 72,000 |
| Tipton County Tennessee | 6 | $ 1,010,000 | $ 168,000 | $ 70,000 |
| Oldham County Kentucky | 5 | $ 1,795,000 | $ 359,000 | $ 130,000 |
| Marshall County Mississippi | 5 | $ 1,065,000 | $ 213,000 | $ 92,000 |
| Tuscaloosa County Alabama | 4 | $ 1,320,000 | $ 330,000 | $ 107,000 |
| Hillsborough County Florida | 4 | $ 1,110,000 | $ 277,000 | $ 171,000 |
| Boone County Kentucky | 4 | $ 1,240,000 | $ 310,000 | $ 214,000 |
| Jessamine County Kentucky | 4 | $ 1,290,000 | $ 322,000 | $ 131,000 |
| Rankin County Mississippi | 4 | $ 1,010,000 | $ 252,000 | $ 113,000 |
| Hardeman County Tennessee | 4 | $ 550,000 | $ 137,000 | $ 67,000 |
| Knox County Tennessee | 4 | $ 1,160,000 | $ 290,000 | $ 61,000 |
| Sequatchie County Tennessee | 4 | $ 730,000 | $ 182,000 | $ 63,000 |
| Cleburne County Arkansas | 3 | $ 1,135,000 | $ 378,000 | $ 317,000 |
| Palm Beach County Florida | 3 | $ 1,155,000 | $ 385,000 | $ 132,000 |
| Fayette County Georgia | 3 | $ 795,000 | $ 265,000 | $ 135,000 |
| Whitfield County Georgia | 3 | $ 525,000 | $ 175,000 | $ 81,000 |
| Kenton County Kentucky | 3 | $ 815,000 | $ 271,000 | $ 214,000 |
| Alcorn County Mississippi | 3 | $ 395,000 | $ 131,000 | $ 285,000 |
| Harrison County Mississippi | 3 | $ 665,000 | $ 221,000 | $ 155,000 |
| Madison County Mississippi | 3 | $ 915,000 | $ 305,000 | $ 131,000 |
| Montgomery County Tennessee | 3 | $ 955,000 | $ 318,000 | $ 101,000 |
| Autauga County Alabama | 2 | $ 380,000 | $ 190,000 | $ 63,000 |
| Cullman County Alabama | 2 | $ 540,000 | $ 270,000 | $ 90,000 |
| Lauderdale County Alabama | 2 | $ 930,000 | $ 465,000 | $ 338,000 |
| Lee County Alabama | 2 | $ 440,000 | $ 220,000 | $ 167,000 |
| Marshall County Alabama | 2 | $ 560,000 | $ 280,000 | $ 79,000 |
| Mobile County Alabama | 2 | $ 430,000 | $ 215,000 | $ 172,000 |
| Montgomery County Alabama | 2 | $ 350,000 | $ 175,000 | $ 89,000 |
| Talladega County Alabama | 2 | $ 560,000 | $ 280,000 | $ 107,000 |
| Pulaski County Arkansas | 2 | $ 340,000 | $ 170,000 | $ 296,000 |
| Los Angeles County California | 2 | $ 940,000 | $ 470,000 | $ 171,000 |
| San Diego County California | 2 | $ 1,200,000 | $ 600,000 | $ 174,000 |
| Larimer County Colorado | 2 | $ 550,000 | $ 275,000 | $ 117,000 |
| Alachua County Florida | 2 | $ 480,000 | $ 240,000 | $ 79,000 |
| Escambia County Florida | 2 | $ 590,000 | $ 295,000 | $ 316,000 |
| Manatee County Florida | 2 | $ 980,000 | $ 490,000 | $ 431,000 |
| Walton County Florida | 2 | $ 1,510,000 | $ 755,000 | $ 313,000 |
| Chatham County Georgia | 2 | $ 490,000 | $ 245,000 | $ 91,000 |
| Newton County Georgia | 2 | $ 360,000 | $ 180,000 | $ 57,000 |
| Campbell County Kentucky | 2 | $ 470,000 | $ 235,000 | $ 87,000 |
| Livingston County Louisiana | 2 | $ 480,000 | $ 240,000 | $ 111,000 |
| Tishomingo County Mississippi | 2 | $ 260,000 | $ 130,000 | $ 109,000 |
| Madison County Tennessee | 2 | $ 370,000 | $ 185,000 | $ 63,000 |
| Maury County Tennessee | 2 | $ 490,000 | $ 245,000 | $ 125,000 |
| McMinn County Tennessee | 2 | $ 320,000 | $ 160,000 | $ 86,000 |
| Rutherford County Tennessee | 2 | $ 670,000 | $ 335,000 | $ 121,000 |
| Dallas County Texas | 2 | $ 1,030,000 | $ 515,000 | $ 132,000 |
| Cherokee County Alabama | 1 | $ 115,000 | $ 115,000 | $ 159,000 |
| Colbert County Alabama | 1 | $ 295,000 | $ 295,000 | $ 150,000 |
| DeKalb County Alabama | 1 | $ 245,000 | $ 245,000 | $ 87,000 |
| Elmore County Alabama | 1 | $ 195,000 | $ 195,000 | $ 111,000 |
| Houston County Alabama | 1 | $ 225,000 | $ 225,000 | $ 154,000 |
| Winston County Alabama | 1 | $ 345,000 | $ 345,000 | $ 407,000 |
| Baxter County Arkansas | 1 | $ 315,000 | $ 315,000 | $ 315,000 |
| Sharp County Arkansas | 1 | $ 85,000 | $ 85,000 | $ 209,000 |
| St. Francis County Arkansas | 1 | $ 125,000 | $ 125,000 | $ 83,000 |
| Alameda County California | 1 | $ 665,000 | $ 665,000 | $ 183,000 |
| Monterey County California | 1 | $ 485,000 | $ 485,000 | $ 110,000 |
| Riverside County California | 1 | $ 335,000 | $ 335,000 | $ 132,000 |
| Garfield County Colorado | 1 | $ 725,000 | $ 725,000 | $ 273,000 |
| Brevard County Florida | 1 | $ 495,000 | $ 495,000 | $ 133,000 |
| Broward County Florida | 1 | $ 515,000 | $ 515,000 | $ 874,000 |
| Charlotte County Florida | 1 | $ 265,000 | $ 265,000 | $ 439,000 |
| Duval County Florida | 1 | $ 275,000 | $ 275,000 | $ 152,000 |
| Lee County Florida | 1 | $ 205,000 | $ 205,000 | $ 142,000 |
| Okaloosa County Florida | 1 | $ 325,000 | $ 325,000 | $ 160,000 |
| Carroll County Georgia | 1 | $ 455,000 | $ 455,000 | $ 167,000 |
| Chattooga County Georgia | 1 | $ 75,000 | $ 75,000 | $ 28,000 |
| Cherokee County Georgia | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Cobb County Georgia | 1 | $ 365,000 | $ 365,000 | $ 182,000 |
| Dade County Georgia | 1 | $ 165,000 | $ 165,000 | $ 48,000 |
| Fulton County Georgia | 1 | $ 105,000 | $ 105,000 | $ 23,000 |
| Habersham County Georgia | 1 | $ 135,000 | $ 135,000 | $ 48,000 |
| Murray County Georgia | 1 | $ 295,000 | $ 295,000 | $ 147,000 |
| Walton County Georgia | 1 | $ 185,000 | $ 185,000 | $ 46,000 |
| Cook County Illinois | 1 | $ 445,000 | $ 445,000 | $ 201,000 |
| Johnson County Iowa | 1 | $ 475,000 | $ 475,000 | $ 501,000 |
| Bullitt County Kentucky | 1 | $ 225,000 | $ 225,000 | $ 81,000 |
| Franklin County Kentucky | 1 | $ 275,000 | $ 275,000 | $ 67,000 |
| Hardin County Kentucky | 1 | $ 225,000 | $ 225,000 | $ 85,000 |
| Harrison County Kentucky | 1 | $ 345,000 | $ 345,000 | $ 121,000 |
| Marion County Kentucky | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Montgomery County Kentucky | 1 | $ 105,000 | $ 105,000 | $ 35,000 |
| Pendleton County Kentucky | 1 | $ 225,000 | $ 225,000 | $ 145,000 |
| Scott County Kentucky | 1 | $ 325,000 | $ 325,000 | $ 135,000 |
| Shelby County Kentucky | 1 | $ 345,000 | $ 345,000 | $ 119,000 |
| Warren County Kentucky | 1 | $ 275,000 | $ 275,000 | $ 107,000 |
| Woodford County Kentucky | 1 | $ 365,000 | $ 365,000 | $ 304,000 |
| Ascension County Louisiana | 1 | $ 295,000 | $ 295,000 | $ 252,000 |
| Evangeline County Louisiana | 1 | $ 325,000 | $ 325,000 | $ 107,000 |
| Jefferson County Louisiana | 1 | $ 515,000 | $ 515,000 | $ 165,000 |
| Lafayette County Louisiana | 1 | $ 235,000 | $ 235,000 | $ 127,000 |
| Lincoln County Louisiana | 1 | $ 245,000 | $ 245,000 | $ 57,000 |
| Rapides County Louisiana | 1 | $ 285,000 | $ 285,000 | $ 95,000 |
| West Baton Rouge County Louisiana | 1 | $ 255,000 | $ 255,000 | $ 136,000 |
| Emmet County Michigan | 1 | $ 335,000 | $ 335,000 | $ 252,000 |
| Mackinac County Michigan | 1 | $ 365,000 | $ 365,000 | $ 243,000 |
| Benton County Mississippi | 1 | $ 75,000 | $ 75,000 | $ 107,000 |
| Bolivar County Mississippi | 1 | $ 285,000 | $ 285,000 | $ 89,000 |
| Carroll County Mississippi | 1 | $ 185,000 | $ 185,000 | $ 113,000 |
| Hancock County Mississippi | 1 | $ 415,000 | $ 415,000 | $ 185,000 |
| Hinds County Mississippi | 1 | $ 175,000 | $ 175,000 | $ 46,000 |
| Lamar County Mississippi | 1 | $ 515,000 | $ 515,000 | $ 147,000 |
| Lee County Mississippi | 1 | $ 115,000 | $ 115,000 | $ 27,000 |
| Leflore County Mississippi | 1 | $ 235,000 | $ 235,000 | $ 112,000 |
| Monroe County Mississippi | 1 | $ 65,000 | $ 65,000 | $ 28,000 |
| Oktibbeha County Mississippi | 1 | $ 195,000 | $ 195,000 | $ 85,000 |
| Panola County Mississippi | 1 | $ 175,000 | $ 175,000 | $ 97,000 |
| Tate County Mississippi | 1 | $ 115,000 | $ 115,000 | $ 100,000 |
| Tunica County Mississippi | 1 | $ 45,000 | $ 45,000 | $ 46,000 |
| Mecklenburg County North Carolina | 1 | $ 405,000 | $ 405,000 | $ 164,000 |
| Surry County North Carolina | 1 | $ 525,000 | $ 525,000 | $ 104,000 |
| Warren County North Carolina | 1 | $ 465,000 | $ 465,000 | $ 161,000 |
| Montgomery County Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 98,000 |
| Lexington County South Carolina | 1 | $ 115,000 | $ 115,000 | $ 123,000 |
| Bledsoe County Tennessee | 1 | $ 175,000 | $ 175,000 | $ 52,000 |
| Campbell County Tennessee | 1 | $ 295,000 | $ 295,000 | $ 38,000 |
| Decatur County Tennessee | 1 | $ 115,000 | $ 115,000 | $ 239,000 |
| Jefferson County Tennessee | 1 | $ 165,000 | $ 165,000 | $ 43,000 |
| McNairy County Tennessee | 1 | $ 315,000 | $ 315,000 | $ 116,000 |
| Roane County Tennessee | 1 | $ 235,000 | $ 235,000 | $ 211,000 |
| Sevier County Tennessee | 1 | $ 115,000 | $ 115,000 | $ 238,000 |
| Washington County Tennessee | 1 | $ 375,000 | $ 375,000 | $ 97,000 |
| Collin County Texas | 1 | $ 275,000 | $ 275,000 | $ 80,000 |
| Fort Bend County Texas | 1 | $ 305,000 | $ 305,000 | $ 108,000 |
| Harris County Texas | 1 | $ 475,000 | $ 475,000 | $ 139,000 |
| Palo Pinto County Texas | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Skagit County Washington | 1 | $ 375,000 | $ 375,000 | $ 141,000 |
| Whatcom County Washington | 1 | $ 185,000 | $ 185,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2020
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 | 585 | $135,905,000 | $232,000 | $1,105,000 | $114,000 | $960,000 |
| Refinancing | 514 | $140,050,000 | $272,000 | $695,000 | $138,000 | $905,000 |
| Cash-out Refinancing | 131 | $32,415,000 | $247,000 | $665,000 | $138,000 | $597,000 |
| Home Improvement | 21 | $5,655,000 | $269,000 | $495,000 | $130,000 | $277,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 1,035 | $267,555,000 | $258,000 | $1,105,000 | $133,000 | $960,000 |
| Black or African American | 139 | $26,685,000 | $191,000 | $515,000 | $84,000 | $804,000 |
| Hispanic | 31 | $7,265,000 | $234,000 | $515,000 | $96,000 | $190,000 |
| Asian | 29 | $8,415,000 | $290,000 | $525,000 | $130,000 | $356,000 |
| Not Provided | 10 | $2,440,000 | $244,000 | $395,000 | $166,000 | $358,000 |
| American Indian or Alaskan Native | 4 | $650,000 | $162,000 | $295,000 | $95,000 | $237,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $515,000 | $515,000 | $515,000 | $184,000 | $184,000 |
| Not applicable | 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) | 1,062 | $274,460,000 | $258,000 | $1,105,000 | $137,000 | $960,000 |
| FHA-insured (Federal Housing Administration) | 147 | $29,035,000 | $197,000 | $335,000 | $71,000 | $296,000 |
| VA-guaranteed (Veterans Administration) | 29 | $8,365,000 | $288,000 | $535,000 | $79,000 | $203,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $2,165,000 | $166,000 | $295,000 | $46,000 | $75,000 |
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 | 950 | $241,660,000 | $254,000 | $725,000 | $124,000 | $905,000 |
| Application Withdrawn By Applicant | 251 | $61,495,000 | $245,000 | $1,105,000 | $142,000 | $960,000 |
| Application Denied By Financial Institution | 37 | $7,635,000 | $206,000 | $515,000 | $80,000 | $251,000 |
| File Closed For Incompleteness | 12 | $3,000,000 | $250,000 | $545,000 | $128,000 | $317,000 |
| Application Approved But Not Accepted | 1 | $235,000 | $235,000 | $235,000 | $136,000 | $136,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,214 | $306,390,000 | $252,000 | $1,105,000 | $128,000 | $960,000 |
| Debt-To-Income Ratio | 14 | $3,680,000 | $262,000 | $515,000 | $76,000 | $251,000 |
| Credit History | 12 | $2,310,000 | $192,000 | $515,000 | $90,000 | $210,000 |
| Collateral | 8 | $1,010,000 | $126,000 | $275,000 | $77,000 | $177,000 |
| Employment History | 2 | $330,000 | $165,000 | $185,000 | $57,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $305,000 | $305,000 | $305,000 | $89,000 | $89,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Independent Bank's 2020 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 Independent 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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.