Marion Bank & Trust Company Mortgage Lending & HMDA Data, 2019
In 2019, Marion Bank & Trust Company of Marion, AL reported 130 mortgage applications totaling $16.9 million, down 2% from 2018. The average application was for $129,923, and applicants reported an average income of $83,507. 74% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Birmingham-Hoover, AL (31), Tuscaloosa, AL (6) and Daphne-Fairhope-Foley, AL (1) (applications in parentheses).
| Mortgage Company & Address | Marion Bank & Trust Company 601 Washington St Marion, AL 36756 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 |
| Total Number of Mortgage Applications | 130 |
| Total Mortgage Loan Application Amount | $16,890,000 |
| Average Mortgage Loan Application Amount | $129,923 |
| Highest Mortgage Loan Application Amount | $1,705,000 |
| Average Applicant Income | $83,507 |
| Highest Applicant Income | $362,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Marion Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Perry, Alabama | 46 | $ 4,120,000 | $ 89,565 | $ 57,000 |
| Dallas, Alabama | 40 | $ 4,470,000 | $ 111,750 | $ 84,000 |
| Chilton, Alabama | 25 | $ 4,835,000 | $ 193,400 | $ 109,000 |
| Bibb, Alabama | 4 | $ 560,000 | $ 140,000 | $ 98,000 |
| Hale, Alabama | 4 | $ 760,000 | $ 190,000 | $ 100,000 |
| Coosa, Alabama | 3 | $ 625,000 | $ 208,333 | $ 151,000 |
| Marengo, Alabama | 2 | $ 210,000 | $ 105,000 | $ 45,000 |
| Shelby, Alabama | 2 | $ 480,000 | $ 240,000 | $ 54,000 |
| Tuscaloosa, Alabama | 2 | $ 400,000 | $ 200,000 | $ 71,000 |
| Baldwin, Alabama | 1 | $ 355,000 | $ 355,000 | $ 362,000 |
| Stone, Mississippi | 1 | $ 75,000 | $ 75,000 | $ 19,000 |
Mortgage Loan Application Detail Totals for Marion 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 |
|---|---|---|---|---|---|---|
| Refinancing | 54 | $8,030,000 | $148,000 | $1,255,000 | $87,000 | $260,000 |
| Home Purchase | 42 | $3,930,000 | $93,000 | $395,000 | $76,000 | $362,000 |
| Not Applicable | 14 | $3,770,000 | $269,000 | $1,705,000 | $112,000 | $181,000 |
| Other Purpose | 11 | $385,000 | $35,000 | $75,000 | $51,000 | $141,000 |
| Home Improvement | 9 | $775,000 | $86,000 | $275,000 | $93,000 | $186,000 |
| Cash-out Refinancing | 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 | 82 | $10,250,000 | $125,000 | $1,255,000 | $89,000 | $362,000 |
| Black or African American | 38 | $2,790,000 | $73,000 | $795,000 | $67,000 | $191,000 |
| Not applicable | 10 | $3,850,000 | $385,000 | $1,705,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 130 | $16,890,000 | $129,000 | $1,705,000 | $82,000 | $362,000 |
| 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 | 96 | $14,950,000 | $155,000 | $1,705,000 | $90,000 | $362,000 |
| Application Denied By Financial Institution | 25 | $1,445,000 | $57,000 | $325,000 | $60,000 | $154,000 |
| Application Withdrawn By Applicant | 7 | $405,000 | $57,000 | $165,000 | $66,000 | $181,000 |
| Application Approved But Not Accepted | 2 | $90,000 | $45,000 | $55,000 | $53,000 | $65,000 |
| 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 | 105 | $15,445,000 | $147,000 | $1,705,000 | $88,000 | $362,000 |
| Credit History | 15 | $1,035,000 | $69,000 | $325,000 | $65,000 | $154,000 |
| Debt-To-Income Ratio | 4 | $120,000 | $30,000 | $45,000 | $23,000 | $51,000 |
| Other | 3 | $235,000 | $78,000 | $175,000 | $73,000 | $136,000 |
| Collateral | 3 | $55,000 | $18,000 | $25,000 | $70,000 | $112,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Marion 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 Marion 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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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