M C Bank & Trust Company Mortgage Lending & HMDA Data, 2003
In 2003, M C Bank & Trust Company of Morgan City, LA reported 253 mortgage applications totaling $11.8 million. The average application was for $46,604, and applicants reported an average income of $53,632. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lafayette, LA (20), Houma, LA (9) and Galveston-Texas City, TX (1) (applications in parentheses).
| Mortgage Company & Address | M C Bank & Trust Company 1201 Brashear Ave. Morgan City, LA 70380 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 | 253 |
| Total Mortgage Loan Application Amount | $11,791,000 |
| Average Mortgage Loan Application Amount | $46,604 |
| Highest Mortgage Loan Application Amount | $1,004,000 |
| Average Applicant Income | $53,632 |
| Highest Applicant Income | $610,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M C Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 M C Bank & Trust Company in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 104 | $6,844,000 | $36,000 | $1,004,000 | $57,500 | $610,000 |
| Home Improvement (one-to-four family) | 93 | $1,463,000 | $15,000 | $130,000 | $40,000 | $124,000 |
| Home Purchase (one-to-four family) | 52 | $2,514,000 | $48,000 | $458,000 | $44,000 | $144,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 4 | $970,000 | $242,000 | $443,000 | $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 | 172 | $8,259,000 | $48,000 | $1,004,000 | $66,000 | $610,000 |
| Black | 41 | $569,000 | $13,000 | $55,000 | $30,000 | $78,000 |
| Asian or Pacific Islander | 18 | $809,000 | $44,000 | $270,000 | $45,000 | $86,000 |
| Not applicable | 12 | $2,007,000 | $167,000 | $514,000 | $1,000 | $13,000 |
| Hispanic | 8 | $134,000 | $16,000 | $41,000 | $44,000 | $96,000 |
| American Indian or Alaskan Native | 2 | $13,000 | $6,500 | $7,000 | $24,500 | $42,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 253 | $11,791,000 | $26,000 | $1,004,000 | $45,500 | $610,000 |
| 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 | 213 | $9,606,000 | $25,500 | $1,004,000 | $46,500 | $610,000 |
| Application Denied By Financial Institution | 21 | $886,000 | $42,000 | $270,000 | $38,000 | $144,000 |
| Application Withdrawn By Applicant | 9 | $193,000 | $21,000 | $64,000 | $35,000 | $82,000 |
| Application Approved But Not Accepted | 9 | $1,050,000 | $116,000 | $458,000 | $90,000 | $187,000 |
| File Closed For Incompleteness | 1 | $56,000 | $56,000 | $56,000 | $47,000 | $47,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 9 | $114,000 | $12,000 | $27,000 | $31,000 | $75,000 |
| Collateral | 3 | $81,000 | $27,000 | $39,000 | $71,000 | $144,000 |
| Debt-To-Income Ratio | 2 | $138,000 | $69,000 | $93,000 | $31,000 | $46,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $29,000 | $14,000 | $24,000 | $27,000 | $31,000 |
| Other | 1 | $15,000 | $15,000 | $15,000 | $36,000 | $36,000 |
| Employment History | 1 | $45,000 | $45,000 | $45,000 | $33,000 | $33,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M C Bank & Trust Company's 2003 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 M C 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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