Marion Bank & Trust Company Mortgage Lending & HMDA Data, 2018
In 2018, Marion Bank & Trust Company of Marion, AL reported 132 mortgage applications totaling $17.5 million, down 22% from 2017. The average application was for $132,878, and applicants reported an average income of $96,568. 72% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Birmingham-Hoover, AL (25), Tuscaloosa, AL (11) and Montgomery, AL (4) (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 | 132 |
| Total Mortgage Loan Application Amount | $17,540,000 |
| Average Mortgage Loan Application Amount | $132,878 |
| Highest Mortgage Loan Application Amount | $1,055,000 |
| Average Applicant Income | $96,568 |
| Highest Applicant Income | $352,000 |
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records Marion Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Marion Bank & Trust Company in 2018
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 | 52 | $5,460,000 | $105,000 | $375,000 | $89,000 | $253,000 |
| Refinancing | 29 | $5,525,000 | $190,000 | $1,055,000 | $119,000 | $255,000 |
| Cash-out Refinancing | 24 | $2,980,000 | $124,000 | $825,000 | $83,000 | $329,000 |
| Not Applicable | 12 | $2,550,000 | $212,000 | $995,000 | $130,000 | $352,000 |
| Other Purpose | 11 | $805,000 | $73,000 | $175,000 | $60,000 | $137,000 |
| Home Improvement | 4 | $220,000 | $55,000 | $85,000 | $114,000 | $230,000 |
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 | 77 | $10,115,000 | $131,000 | $995,000 | $102,000 | $352,000 |
| Black or African American | 41 | $3,755,000 | $91,000 | $445,000 | $81,000 | $230,000 |
| Not applicable | 13 | $3,505,000 | $269,000 | $1,055,000 | $84,000 | $120,000 |
| Not Provided | 1 | $165,000 | $165,000 | $165,000 | $152,000 | $152,000 |
| 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) | 132 | $17,540,000 | $132,000 | $1,055,000 | $95,000 | $352,000 |
| 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 | 95 | $13,765,000 | $144,000 | $1,055,000 | $102,000 | $352,000 |
| Application Denied By Financial Institution | 32 | $3,200,000 | $100,000 | $375,000 | $78,000 | $230,000 |
| Application Withdrawn By Applicant | 5 | $575,000 | $115,000 | $325,000 | $93,000 | $137,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 100 | $14,340,000 | $143,000 | $1,055,000 | $101,000 | $352,000 |
| Credit History | 16 | $1,440,000 | $90,000 | $225,000 | $93,000 | $230,000 |
| Debt-To-Income Ratio | 8 | $870,000 | $108,000 | $295,000 | $41,000 | $149,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $540,000 | $135,000 | $375,000 | $73,000 | $164,000 |
| Collateral | 3 | $325,000 | $108,000 | $255,000 | $113,000 | $152,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $55,000 | $55,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Marion Bank & Trust Company's 2018 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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