Lee Bank & Trust Company Mortgage Lending & HMDA Data, 2012
In 2012, Lee Bank & Trust Company of Pennington Gap, VA reported 148 mortgage applications totaling $7.7 million, down 17% from 2011. The average application was for $51,925, and applicants reported an average income of $40,837. 75% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Kingsport-Bristol-Bristol, TN-VA (20), Johnson City, TN (1) and Knoxville, TN (1) (applications in parentheses).
| Mortgage Company & Address | Lee Bank & Trust Company P.O. Box 100 Pennington Gap, VA 24277 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 148 |
| Total Mortgage Loan Application Amount | $7,685,000 |
| Average Mortgage Loan Application Amount | $51,925 |
| Highest Mortgage Loan Application Amount | $289,000 |
| Average Applicant Income | $40,837 |
| Highest Applicant Income | $193,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lee Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lee, Virginia | 114 | $ 5,469,000 | $ 47,973 | $ 41,000 |
| Wise, Virginia | 11 | $ 717,000 | $ 65,181 | $ 36,000 |
| Scott, Virginia | 9 | $ 438,000 | $ 48,666 | $ 30,000 |
| Sullivan, Tennessee | 7 | $ 294,000 | $ 42,000 | $ 27,000 |
| Washington, Virginia | 3 | $ 506,000 | $ 168,666 | $ 103,000 |
| Union, Tennessee | 1 | $ 27,000 | $ 27,000 | $ 70,000 |
| Washington, Tennessee | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Bristol, Virginia | 1 | $ 28,000 | $ 28,000 | $ 40,000 |
| Smyth, Virginia | 1 | $ 86,000 | $ 86,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for Lee Bank & Trust Company in 2012
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 | 70 | $3,924,000 | $56,000 | $289,000 | $39,000 | $193,000 |
| Home Improvement | 40 | $918,000 | $22,000 | $175,000 | $42,000 | $157,000 |
| Refinancing | 38 | $2,843,000 | $74,000 | $288,000 | $43,000 | $133,000 |
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 | 147 | $7,609,000 | $51,000 | $289,000 | $41,000 | $193,000 |
| Not applicable | 1 | $76,000 | $76,000 | $76,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 148 | $7,685,000 | $51,000 | $289,000 | $41,000 | $193,000 |
| 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 |
| VA-guaranteed (Veterans 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 | 111 | $5,468,000 | $49,000 | $289,000 | $39,000 | $193,000 |
| Application Denied By Financial Institution | 23 | $1,286,000 | $55,000 | $111,000 | $44,000 | $131,000 |
| Application Approved But Not Accepted | 10 | $741,000 | $74,000 | $156,000 | $60,000 | $157,000 |
| Application Withdrawn By Applicant | 3 | $145,000 | $48,000 | $64,000 | $24,000 | $37,000 |
| File Closed For Incompleteness | 1 | $45,000 | $45,000 | $45,000 | $30,000 | $30,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Lee Bank & Trust Company's 2012 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 Lee Bank & Trust Company'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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with aggregated HMDA statistics today.
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