Independent Bank Mortgage Lending & HMDA Data, 2021
In 2021, Independent Bank of Memphis, TN reported 1,010 mortgage applications totaling $249.8 million, down 19% from 2020. The average application was for $247,336, and applicants reported an average income of $129,382. 72% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Memphis, TN-MS-AR (525), Chattanooga, TN-GA (176) and Birmingham-Hoover, AL (22) (applications in parentheses).
| 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 | 2025 2024 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 | 1,010 |
| Total Mortgage Loan Application Amount | $249,810,000 |
| Average Mortgage Loan Application Amount | $247,336 |
| Highest Mortgage Loan Application Amount | $1,345,000 |
| Average Applicant Income | $129,382 |
| Highest Applicant Income | $2,334,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Independent Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Memphis, TN-MS-AR | 525 | $ 127,715,000 | $ 243,266 | $ 129,893 |
| Chattanooga, TN-GA | 176 | $ 41,770,000 | $ 237,329 | $ 118,823 |
| Outside any metro area | 47 | $ 9,675,000 | $ 205,851 | $ 127,255 |
| Birmingham-Hoover, AL | 22 | $ 7,440,000 | $ 338,181 | $ 124,000 |
| New Orleans-Metairie, LA | 15 | $ 3,495,000 | $ 233,000 | $ 144,000 |
| Louisville/Jefferson County, KY-IN | 13 | $ 2,705,000 | $ 208,076 | $ 118,000 |
| Cincinnati, OH-KY-IN | 11 | $ 2,685,000 | $ 244,090 | $ 138,363 |
| Atlanta-Sandy Springs-Roswell, GA | 9 | $ 4,015,000 | $ 446,111 | $ 118,000 |
| Cleveland, TN | 9 | $ 2,355,000 | $ 261,666 | $ 85,000 |
| Jackson, TN | 9 | $ 2,405,000 | $ 267,222 | $ 107,000 |
| Huntsville, AL | 7 | $ 1,915,000 | $ 273,571 | $ 129,000 |
| Jackson, MS | 7 | $ 1,665,000 | $ 237,857 | $ 123,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 7 | $ 3,015,000 | $ 430,714 | $ 122,000 |
| Daphne-Fairhope-Foley, AL | 6 | $ 1,240,000 | $ 206,666 | $ 119,000 |
| Las Vegas-Henderson-Paradise, NV | 5 | $ 1,255,000 | $ 251,000 | $ 206,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 1,080,000 | $ 270,000 | $ 144,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 1,500,000 | $ 375,000 | $ 162,000 |
| Durham-Chapel Hill, NC | 4 | $ 1,140,000 | $ 285,000 | $ 184,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 4 | $ 820,000 | $ 205,000 | $ 396,000 |
| Asheville, NC | 3 | $ 655,000 | $ 218,333 | $ 75,000 |
| Baton Rouge, LA | 3 | $ 695,000 | $ 231,666 | $ 115,000 |
| Clarksville, TN-KY | 3 | $ 635,000 | $ 211,666 | $ 74,000 |
| Gulfport-Biloxi-Pascagoula, MS | 3 | $ 455,000 | $ 151,666 | $ 84,000 |
| Knoxville, TN | 3 | $ 875,000 | $ 291,666 | $ 125,000 |
| Lafayette, LA | 3 | $ 635,000 | $ 211,666 | $ 71,000 |
| Portland-South Portland, ME | 3 | $ 835,000 | $ 278,333 | $ 84,000 |
| Raleigh, NC | 3 | $ 705,000 | $ 235,000 | $ 102,000 |
| Reno, NV | 3 | $ 715,000 | $ 238,333 | $ 95,000 |
| St. Louis, MO-IL | 3 | $ 925,000 | $ 308,333 | $ 399,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 835,000 | $ 278,333 | $ 122,000 |
| Wilmington, NC | 3 | $ 795,000 | $ 265,000 | $ 133,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 370,000 | $ 185,000 | $ 117,000 |
| Boston, MA | 2 | $ 540,000 | $ 270,000 | $ 206,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 520,000 | $ 260,000 | $ 89,000 |
| Dalton, GA | 2 | $ 550,000 | $ 275,000 | $ 222,000 |
| Decatur, AL | 2 | $ 380,000 | $ 190,000 | $ 127,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 390,000 | $ 195,000 | $ 130,000 |
| Dothan, AL | 2 | $ 460,000 | $ 230,000 | $ 115,000 |
| Greensboro-High Point, NC | 2 | $ 950,000 | $ 475,000 | $ 296,000 |
| Hammond, LA | 2 | $ 350,000 | $ 175,000 | $ 51,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 360,000 | $ 180,000 | $ 113,000 |
| Jacksonville, FL | 2 | $ 370,000 | $ 185,000 | $ 48,000 |
| Lakeland-Winter Haven, FL | 2 | $ 470,000 | $ 235,000 | $ 76,000 |
| Lexington-Fayette, KY | 2 | $ 440,000 | $ 220,000 | $ 92,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 340,000 | $ 170,000 | $ 71,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 380,000 | $ 190,000 | $ 104,000 |
| Montgomery, AL | 2 | $ 360,000 | $ 180,000 | $ 102,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 530,000 | $ 265,000 | $ 116,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 350,000 | $ 175,000 | $ 51,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 400,000 | $ 200,000 | $ 183,500 |
| Savannah, GA | 2 | $ 230,000 | $ 115,000 | $ 47,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 660,000 | $ 330,000 | $ 141,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 400,000 | $ 200,000 | $ 143,000 |
| Tuscaloosa, AL | 2 | $ 340,000 | $ 170,000 | $ 66,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 730,000 | $ 365,000 | $ 131,000 |
| Albuquerque, NM | 1 | $ 355,000 | $ 355,000 | $ 142,000 |
| Anniston-Oxford-Jacksonville, AL | 1 | $ 225,000 | $ 225,000 | $ 117,000 |
| Athens-Clarke County, GA | 1 | $ 235,000 | $ 235,000 | $ 70,000 |
| Auburn-Opelika, AL | 1 | $ 115,000 | $ 115,000 | $ 56,000 |
| Austin-Round Rock, TX | 1 | $ 275,000 | $ 275,000 | $ 97,000 |
| Bowling Green, KY | 1 | $ 195,000 | $ 195,000 | $ 134,000 |
| California-Lexington Park, MD | 1 | $ 325,000 | $ 325,000 | $ 348,000 |
| Colorado Springs, CO | 1 | $ 275,000 | $ 275,000 | $ 215,000 |
| Columbus, GA-AL | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
| Dallas-Plano-Irving, TX | 1 | $ 215,000 | $ 215,000 | $ 54,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 275,000 | $ 275,000 | $ 708,000 |
| Elizabethtown-Fort Knox, KY | 1 | $ 165,000 | $ 165,000 | $ 68,000 |
| Fort Collins, CO | 1 | $ 225,000 | $ 225,000 | $ 72,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 305,000 | $ 305,000 | $ 96,000 |
| Hot Springs, AR | 1 | $ 195,000 | $ 195,000 | $ 71,000 |
| Houma-Thibodaux, LA | 1 | $ 185,000 | $ 185,000 | $ 163,000 |
| Jacksonville, NC | 1 | $ 205,000 | $ 205,000 | $ 123,000 |
| Kansas City, MO-KS | 1 | $ 295,000 | $ 295,000 | $ 82,000 |
| Lake Charles, LA | 1 | $ 525,000 | $ 525,000 | $ 214,000 |
| Lansing-East Lansing, MI | 1 | $ 345,000 | $ 345,000 | $ 122,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 325,000 | $ 325,000 | $ 123,000 |
| Mobile, AL | 1 | $ 215,000 | $ 215,000 | $ 147,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 65,000 | $ 65,000 | $ 128,000 |
| Morristown, TN | 1 | $ 95,000 | $ 95,000 | $ 137,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 185,000 | $ 185,000 | $ 850,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 825,000 | $ 825,000 | $ 374,000 |
| Ogden-Clearfield, UT | 1 | $ 285,000 | $ 285,000 | $ 68,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 405,000 | $ 405,000 | $ 167,000 |
| Panama City, FL | 1 | $ 495,000 | $ 495,000 | $ 302,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 305,000 | $ 305,000 | $ 215,000 |
| Port St. Lucie, FL | 1 | $ 515,000 | $ 515,000 | $ 156,000 |
| Richmond, VA | 1 | $ 215,000 | $ 215,000 | $ 32,000 |
| San Rafael, CA | 1 | $ 355,000 | $ 355,000 | $ 250,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 335,000 | $ 335,000 | $ 252,000 |
| Santa Rosa, CA | 1 | $ 345,000 | $ 345,000 | $ 250,000 |
| Shreveport-Bossier City, LA | 1 | $ 265,000 | $ 265,000 | $ 103,000 |
| Sioux Falls, SD | 1 | $ 215,000 | $ 215,000 | $ 135,000 |
| St. George, UT | 1 | $ 395,000 | $ 395,000 | $ 151,000 |
| Tacoma-Lakewood, WA | 1 | $ 175,000 | $ 175,000 | $ 72,000 |
| Visalia-Porterville, CA | 1 | $ 625,000 | $ 625,000 | $ 101,000 |
| Winston-Salem, NC | 1 | $ 185,000 | $ 185,000 | $ 48,000 |
| Worcester, MA-CT | 1 | $ 325,000 | $ 325,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2021
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 | 430 | $109,550,000 | $254,000 | $1,345,000 | $113,000 | $1,071,000 |
| Refinancing | 384 | $89,290,000 | $232,000 | $1,265,000 | $136,000 | $1,364,000 |
| Cash-out Refinancing | 168 | $43,550,000 | $259,000 | $1,245,000 | $155,000 | $2,334,000 |
| Home Improvement | 27 | $7,245,000 | $268,000 | $485,000 | $140,000 | $356,000 |
| Other Purpose | 1 | $175,000 | $175,000 | $175,000 | $42,000 | $42,000 |
| 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 | 763 | $194,335,000 | $254,000 | $1,345,000 | $138,000 | $2,334,000 |
| Black or African American | 149 | $29,385,000 | $197,000 | $825,000 | $76,000 | $374,000 |
| Asian | 46 | $13,420,000 | $291,000 | $545,000 | $144,000 | $508,000 |
| Hispanic | 31 | $7,345,000 | $236,000 | $895,000 | $147,000 | $901,000 |
| Not Provided | 13 | $3,345,000 | $257,000 | $545,000 | $152,000 | $301,000 |
| American Indian or Alaskan Native | 4 | $1,000,000 | $250,000 | $395,000 | $207,000 | $379,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $470,000 | $235,000 | $275,000 | $105,000 | $152,000 |
| 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) | 873 | $218,305,000 | $250,000 | $1,345,000 | $139,000 | $2,334,000 |
| FHA-insured (Federal Housing Administration) | 112 | $23,660,000 | $211,000 | $625,000 | $62,000 | $167,000 |
| VA-guaranteed (Veterans Administration) | 22 | $7,180,000 | $326,000 | $745,000 | $118,000 | $355,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $665,000 | $221,000 | $285,000 | $57,000 | $76,000 |
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 | 728 | $181,360,000 | $249,000 | $1,345,000 | $131,000 | $2,334,000 |
| Application Withdrawn By Applicant | 190 | $48,450,000 | $255,000 | $1,265,000 | $147,000 | $1,364,000 |
| Application Denied By Financial Institution | 62 | $12,940,000 | $208,000 | $545,000 | $66,000 | $418,000 |
| File Closed For Incompleteness | 29 | $6,755,000 | $232,000 | $455,000 | $113,000 | $291,000 |
| Application Approved But Not Accepted | 1 | $305,000 | $305,000 | $305,000 | $60,000 | $60,000 |
| 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 | 948 | $236,870,000 | $249,000 | $1,345,000 | $134,000 | $2,334,000 |
| Debt-To-Income Ratio | 35 | $7,875,000 | $225,000 | $545,000 | $48,000 | $150,000 |
| Credit History | 16 | $2,570,000 | $160,000 | $455,000 | $61,000 | $177,000 |
| Collateral | 7 | $1,655,000 | $236,000 | $545,000 | $132,000 | $418,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $840,000 | $210,000 | $285,000 | $119,000 | $188,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank's 2021 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.
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