Mercantile Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Mercantile Bank & Trust of Baltimore, MD reported 139 mortgage applications totaling $53.1 million, down 42% from 2005. The average application was for $381,805, and applicants reported an average income of $301,237. 88% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Baltimore-Towson, MD (74), Washington-Arlington-Alexandria, DC-VA-MD-WV (23) and Bethesda-Gaithersburg-Frederick, MD (15) (applications in parentheses).
| Mortgage Company & Address | Mercantile Bank & Trust 2 Hopkins Plaza Baltimore, MD 21203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 139 |
| Total Mortgage Loan Application Amount | $53,071,000 |
| Average Mortgage Loan Application Amount | $381,805 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $301,237 |
| Highest Applicant Income | $3,852,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mercantile Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Baltimore, Maryland | 46 | $ 16,353,000 | $ 355,500 | $ 233,000 |
| Baltimore City, Maryland | 18 | $ 4,684,000 | $ 260,222 | $ 337,000 |
| Montgomery, Maryland | 9 | $ 594,000 | $ 66,000 | $ 146,000 |
| Fairfax, Virginia | 9 | $ 3,016,000 | $ 335,111 | $ 166,000 |
| Frederick, Maryland | 6 | $ 1,653,000 | $ 275,500 | $ 197,000 |
| Anne Arundel, Maryland | 5 | $ 2,012,000 | $ 402,400 | $ 269,000 |
| Worcester, Maryland | 5 | $ 2,881,000 | $ 576,200 | $ 158,000 |
| Carroll, Maryland | 3 | $ 343,000 | $ 114,333 | $ 49,000 |
| Arlington, Virginia | 3 | $ 1,108,000 | $ 369,333 | $ 466,000 |
| Loudoun, Virginia | 3 | $ 808,000 | $ 269,333 | $ 123,000 |
| Prince William, Virginia | 3 | $ 185,000 | $ 61,666 | $ 66,000 |
| Harford, Maryland | 2 | $ 658,000 | $ 329,000 | $ 238,000 |
| York, Pennsylvania | 2 | $ 19,000 | $ 9,500 | $ 21,000 |
| Alexandria, Virginia | 2 | $ 6,000,000 | $ 3,000,000 | $ 0 |
| El Dorado, California | 1 | $ 356,000 | $ 356,000 | $ 72,000 |
| Sussex, Delaware | 1 | $ 30,000 | $ 30,000 | $ 262,000 |
| District of Columbia, District Of Columbia | 1 | $ 91,000 | $ 91,000 | $ 141,000 |
| Collier, Florida | 1 | $ 350,000 | $ 350,000 | $ 378,000 |
| Hillsborough, Florida | 1 | $ 415,000 | $ 415,000 | $ 1,200,000 |
| Palm Beach, Florida | 1 | $ 1,080,000 | $ 1,080,000 | $ 1,200,000 |
| Volusia, Florida | 1 | $ 15,000 | $ 15,000 | $ 110,000 |
| Cobb, Georgia | 1 | $ 520,000 | $ 520,000 | $ 764,000 |
| Delaware, Indiana | 1 | $ 387,000 | $ 387,000 | $ 1,200,000 |
| Kent, Maryland | 1 | $ 900,000 | $ 900,000 | $ 240,000 |
| Prince George's, Maryland | 1 | $ 395,000 | $ 395,000 | $ 494,000 |
| Nantucket, Massachusetts | 1 | $ 2,800,000 | $ 2,800,000 | $ 1,000,000 |
| Santa Fe, New Mexico | 1 | $ 450,000 | $ 450,000 | $ 129,000 |
| Columbia, New York | 1 | $ 236,000 | $ 236,000 | $ 300,000 |
| Brunswick, North Carolina | 1 | $ 362,000 | $ 362,000 | $ 1,188,000 |
| Mecklenburg, North Carolina | 1 | $ 530,000 | $ 530,000 | $ 1,200,000 |
| Franklin, Pennsylvania | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Philadelphia, Pennsylvania | 1 | $ 466,000 | $ 466,000 | $ 520,000 |
| Denton, Texas | 1 | $ 614,000 | $ 614,000 | $ 1,200,000 |
| Summit, Utah | 1 | $ 1,300,000 | $ 1,300,000 | $ 3,852,000 |
| Fauquier, Virginia | 1 | $ 725,000 | $ 725,000 | $ 156,000 |
| Shenandoah, Virginia | 1 | $ 188,000 | $ 188,000 | $ 651,000 |
| Waukesha, Wisconsin | 1 | $ 232,000 | $ 232,000 | $ 113,000 |
Mortgage Loan Application Detail Totals for Mercantile Bank & Trust in 2006
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 Improvement | 49 | $1,897,000 | $38,000 | $750,000 | $82,000 | $400,000 |
| Refinancing | 48 | $20,681,000 | $430,000 | $2,400,000 | $380,000 | $1,200,000 |
| Home Purchase | 42 | $30,493,000 | $726,000 | $3,500,000 | $467,000 | $3,852,000 |
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 | 92 | $33,377,000 | $362,000 | $2,800,000 | $320,000 | $3,852,000 |
| Not applicable | 23 | $16,081,000 | $699,000 | $3,500,000 | $177,000 | $708,000 |
| Black or African American | 17 | $2,942,000 | $173,000 | $614,000 | $433,000 | $1,200,000 |
| Hispanic | 5 | $168,000 | $33,000 | $75,000 | $71,000 | $151,000 |
| Asian | 2 | $503,000 | $251,000 | $490,000 | $345,000 | $646,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 139 | $53,071,000 | $381,000 | $3,500,000 | $301,000 | $3,852,000 |
| 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 | 122 | $52,005,000 | $426,000 | $3,500,000 | $335,000 | $3,852,000 |
| Application Denied By Financial Institution | 10 | $80,000 | $8,000 | $20,000 | $51,000 | $169,000 |
| Application Approved But Not Accepted | 4 | $935,000 | $233,000 | $725,000 | $89,000 | $156,000 |
| Application Withdrawn By Applicant | 2 | $35,000 | $17,000 | $25,000 | $60,000 | $86,000 |
| File Closed For Incompleteness | 1 | $16,000 | $16,000 | $16,000 | $70,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $30,000 | $5,000 | $10,000 | $47,000 | $120,000 |
| Debt-To-Income Ratio | 4 | $50,000 | $12,000 | $20,000 | $57,000 | $169,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mercantile Bank & Trust's 2006 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 Mercantile Bank & Trust'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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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