Logan Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, Logan Bank & Trust Company of Logan, WV reported 313 mortgage applications totaling $25.3 million, down 26% from 2009. The average application was for $80,699, and applicants reported an average income of $94,367. 73% of its applications resulted in an originated loan and 17% were denied. Its largest market was Charleston, WV (46).
| 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 | 313 |
| Total Mortgage Loan Application Amount | $25,259,000 |
| Average Mortgage Loan Application Amount | $80,699 |
| Highest Mortgage Loan Application Amount | $947,000 |
| Average Applicant Income | $94,367 |
| Highest Applicant Income | $1,300,000 |
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records Logan Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Logan, West Virginia | 228 | $ 16,364,000 | $ 71,771 | $ 80,000 |
| Boone, West Virginia | 24 | $ 1,494,000 | $ 62,250 | $ 228,000 |
| Lincoln, West Virginia | 17 | $ 1,385,000 | $ 81,470 | $ 57,000 |
| Kanawha, West Virginia | 5 | $ 1,204,000 | $ 240,800 | $ 216,000 |
Mortgage Loan Application Detail Totals for Logan Bank & Trust Company in 2010
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 | 125 | $11,820,000 | $94,000 | $947,000 | $85,000 | $1,001,000 |
| Refinancing | 125 | $9,366,000 | $74,000 | $440,000 | $114,000 | $1,300,000 |
| Home Improvement | 63 | $4,073,000 | $64,000 | $300,000 | $74,000 | $269,000 |
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 | 306 | $24,397,000 | $79,000 | $947,000 | $95,000 | $1,300,000 |
| Black or African American | 3 | $153,000 | $51,000 | $95,000 | $46,000 | $63,000 |
| Not applicable | 2 | $590,000 | $295,000 | $405,000 | $0 | $0 |
| Hispanic | 1 | $85,000 | $85,000 | $85,000 | $75,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $34,000 | $34,000 | $34,000 | $143,000 | $143,000 |
| 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) | 313 | $25,259,000 | $80,000 | $947,000 | $94,000 | $1,300,000 |
| 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 | 230 | $19,573,000 | $85,000 | $947,000 | $106,000 | $1,300,000 |
| Application Denied By Financial Institution | 53 | $3,988,000 | $75,000 | $220,000 | $56,000 | $193,000 |
| Application Withdrawn By Applicant | 18 | $1,121,000 | $62,000 | $168,000 | $82,000 | $404,000 |
| Application Approved But Not Accepted | 8 | $395,000 | $49,000 | $104,000 | $55,000 | $87,000 |
| File Closed For Incompleteness | 4 | $182,000 | $45,000 | $72,000 | $46,000 | $67,000 |
| 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 Logan Bank & Trust Company's 2010 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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