Logan Bank & Trust Company Mortgage Lending & HMDA Data, 2019
In 2019, Logan Bank & Trust Company of Logan, WV reported 189 mortgage applications totaling $16.1 million, up 21% from 2018. The average application was for $85,423, and applicants reported an average income of $86,835. 71% of its applications resulted in an originated loan and 23% were denied. Its largest market was Charleston, WV (30).
| Mortgage Company & Address | Logan Bank & Trust Company 43 Washinton Ave Logan, WV 25601 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 |
| Total Number of Mortgage Applications | 189 |
| Total Mortgage Loan Application Amount | $16,145,000 |
| Average Mortgage Loan Application Amount | $85,423 |
| Highest Mortgage Loan Application Amount | $355,000 |
| Average Applicant Income | $86,835 |
| Highest Applicant Income | $360,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Logan Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Logan Bank & Trust Company in 2019
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 | 106 | $9,710,000 | $91,000 | $355,000 | $89,000 | $360,000 |
| Cash-out Refinancing | 36 | $3,340,000 | $92,000 | $305,000 | $73,000 | $169,000 |
| Home Improvement | 23 | $1,215,000 | $52,000 | $225,000 | $82,000 | $221,000 |
| Other Purpose | 19 | $1,475,000 | $77,000 | $305,000 | $111,000 | $286,000 |
| Refinancing | 5 | $405,000 | $81,000 | $115,000 | $71,000 | $148,000 |
| 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 | 182 | $15,070,000 | $82,000 | $355,000 | $88,000 | $360,000 |
| Not applicable | 3 | $735,000 | $245,000 | $315,000 | $0 | $0 |
| Black or African American | 3 | $265,000 | $88,000 | $175,000 | $52,000 | $114,000 |
| Hispanic | 1 | $75,000 | $75,000 | $75,000 | $65,000 | $65,000 |
| 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) | 189 | $16,145,000 | $85,000 | $355,000 | $87,000 | $360,000 |
| 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 | 135 | $12,405,000 | $91,000 | $335,000 | $96,000 | $360,000 |
| Application Denied By Financial Institution | 43 | $2,775,000 | $64,000 | $355,000 | $63,000 | $131,000 |
| Application Withdrawn By Applicant | 6 | $560,000 | $93,000 | $175,000 | $91,000 | $144,000 |
| Application Approved But Not Accepted | 5 | $405,000 | $81,000 | $125,000 | $65,000 | $121,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 145 | $13,065,000 | $90,000 | $335,000 | $95,000 | $360,000 |
| Credit History | 35 | $1,825,000 | $52,000 | $135,000 | $59,000 | $131,000 |
| Debt-To-Income Ratio | 3 | $535,000 | $178,000 | $305,000 | $88,000 | $97,000 |
| Employment History | 3 | $115,000 | $38,000 | $55,000 | $63,000 | $86,000 |
| Other | 2 | $420,000 | $210,000 | $355,000 | $90,000 | $125,000 |
| Collateral | 1 | $185,000 | $185,000 | $185,000 | $83,000 | $83,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Logan Bank & Trust Company's 2019 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 Logan 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 West Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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