Lee Bank & Trust Company Mortgage Lending & HMDA Data, 2013
In 2013, Lee Bank & Trust Company of Pennington Gap, VA reported 133 mortgage applications totaling $8.4 million, down 10% from 2012. The average application was for $63,323, and applicants reported an average income of $40,571. 73% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Kingsport-Bristol-Bristol, TN-VA (22), Johnson City, TN (2) 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 | 133 |
| Total Mortgage Loan Application Amount | $8,422,000 |
| Average Mortgage Loan Application Amount | $63,323 |
| Highest Mortgage Loan Application Amount | $1,556,000 |
| Average Applicant Income | $40,571 |
| Highest Applicant Income | $126,000 |
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(HMDA) records Lee Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Lee Bank & Trust Company in 2013
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 | 75 | $4,208,000 | $56,000 | $240,000 | $40,000 | $126,000 |
| Home Improvement | 30 | $388,000 | $12,000 | $54,000 | $36,000 | $68,000 |
| Refinancing | 28 | $3,826,000 | $136,000 | $1,556,000 | $47,000 | $114,000 |
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 | 131 | $8,291,000 | $63,000 | $1,556,000 | $41,000 | $126,000 |
| Not applicable | 1 | $49,000 | $49,000 | $49,000 | $0 | $0 |
| Black or African American | 1 | $82,000 | $82,000 | $82,000 | $38,000 | $38,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian 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 |
| Not Provided | 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) | 133 | $8,422,000 | $63,000 | $1,556,000 | $41,000 | $126,000 |
| 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 | 97 | $6,557,000 | $67,000 | $1,556,000 | $41,000 | $126,000 |
| Application Denied By Financial Institution | 25 | $1,273,000 | $50,000 | $144,000 | $38,000 | $114,000 |
| Application Withdrawn By Applicant | 5 | $227,000 | $45,000 | $75,000 | $32,000 | $61,000 |
| Application Approved But Not Accepted | 5 | $334,000 | $66,000 | $109,000 | $39,000 | $66,000 |
| File Closed For Incompleteness | 1 | $31,000 | $31,000 | $31,000 | $90,000 | $90,000 |
| 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 2013 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.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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