M C Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, M C Bank & Trust Company of Morgan City, LA reported 129 mortgage applications totaling $26.5 million, down 33% from 2016. The average application was for $205,317, and applicants reported an average income of $39,046. 60% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Lafayette, LA (30), Houma-Thibodaux, LA (9) and New Orleans-Metairie, 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 | 129 |
| Total Mortgage Loan Application Amount | $26,486,000 |
| Average Mortgage Loan Application Amount | $205,317 |
| Highest Mortgage Loan Application Amount | $4,898,000 |
| Average Applicant Income | $39,046 |
| Highest Applicant Income | $208,000 |
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(HMDA) records M C Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 84 | $21,363,000 | $254,000 | $4,898,000 | $35,000 | $208,000 |
| Home Purchase | 27 | $3,723,000 | $137,000 | $559,000 | $33,000 | $122,000 |
| Home Improvement | 18 | $1,400,000 | $77,000 | $500,000 | $67,000 | $168,000 |
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 | 68 | $5,227,000 | $76,000 | $559,000 | $62,000 | $208,000 |
| Not applicable | 45 | $20,128,000 | $447,000 | $4,898,000 | $0 | $0 |
| Black or African American | 7 | $286,000 | $40,000 | $90,000 | $35,000 | $76,000 |
| Asian | 4 | $512,000 | $128,000 | $281,000 | $70,000 | $122,000 |
| Hispanic | 3 | $197,000 | $65,000 | $119,000 | $100,000 | $130,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $136,000 | $68,000 | $91,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 129 | $26,486,000 | $205,000 | $4,898,000 | $39,000 | $208,000 |
| 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 | 78 | $13,394,000 | $171,000 | $1,536,000 | $32,000 | $208,000 |
| Application Denied By Financial Institution | 38 | $11,781,000 | $310,000 | $4,898,000 | $50,000 | $168,000 |
| Application Approved But Not Accepted | 8 | $613,000 | $76,000 | $251,000 | $56,000 | $98,000 |
| Application Withdrawn By Applicant | 5 | $698,000 | $139,000 | $317,000 | $48,000 | $95,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2017 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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