M C Bank & Trust Company Mortgage Lending & HMDA Data, 2013
In 2013, M C Bank & Trust Company of Morgan City, LA reported 182 mortgage applications totaling $18.8 million, down 2% from 2012. The average application was for $103,126, and applicants reported an average income of $51,615. 77% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Lafayette, LA (30), Houma-Bayou Cane-Thibodaux, LA (6) and New Orleans-Metairie-Kenner, LA (5) (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 | 182 |
| Total Mortgage Loan Application Amount | $18,769,000 |
| Average Mortgage Loan Application Amount | $103,126 |
| Highest Mortgage Loan Application Amount | $1,498,000 |
| Average Applicant Income | $51,615 |
| Highest Applicant Income | $383,000 |
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(HMDA) records M C Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Refinancing | 102 | $12,626,000 | $123,000 | $1,498,000 | $57,000 | $383,000 |
| Home Purchase | 66 | $5,419,000 | $82,000 | $700,000 | $43,000 | $229,000 |
| Home Improvement | 14 | $724,000 | $51,000 | $128,000 | $53,000 | $179,000 |
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 | 94 | $7,451,000 | $79,000 | $700,000 | $73,000 | $273,000 |
| Not applicable | 51 | $9,135,000 | $179,000 | $1,498,000 | $0 | $0 |
| Black or African American | 15 | $526,000 | $35,000 | $109,000 | $43,000 | $110,000 |
| Asian | 14 | $967,000 | $69,000 | $262,000 | $80,000 | $233,000 |
| Hispanic | 6 | $349,000 | $58,000 | $122,000 | $54,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $245,000 | $245,000 | $245,000 | $383,000 | $383,000 |
| American Indian or Alaskan Native | 1 | $96,000 | $96,000 | $96,000 | $83,000 | $83,000 |
| 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) | 182 | $18,769,000 | $103,000 | $1,498,000 | $52,000 | $383,000 |
| 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 | 141 | $14,551,000 | $103,000 | $1,498,000 | $56,000 | $383,000 |
| Application Denied By Financial Institution | 16 | $1,597,000 | $99,000 | $350,000 | $23,000 | $70,000 |
| Application Approved But Not Accepted | 12 | $1,330,000 | $110,000 | $680,000 | $41,000 | $111,000 |
| Application Withdrawn By Applicant | 11 | $1,206,000 | $109,000 | $540,000 | $53,000 | $161,000 |
| File Closed For Incompleteness | 2 | $85,000 | $42,000 | $62,000 | $27,000 | $54,000 |
| 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 M C 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 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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