Mercantile Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Mercantile Bank & Trust of Baltimore, MD reported 238 mortgage applications totaling $61.0 million. The average application was for $256,252, and applicants reported an average income of $183,294. 38% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Baltimore, MD (178), Charlottesville, VA (3) and York, PA (3) (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 | 238 |
| Total Mortgage Loan Application Amount | $60,988,000 |
| Average Mortgage Loan Application Amount | $256,252 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $183,294 |
| Highest Applicant Income | $1,705,000 |
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(HMDA) records Mercantile Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Mercantile Bank & Trust in 2003
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 (home purchase or home improvement, one-to-four family) | 140 | $45,142,000 | $436,300 | $1,000,000 | $350,200 | $1,508,000 |
| Home Improvement (one-to-four family) | 54 | $2,020,000 | $69,333 | $300,000 | $370,666 | $1,000,000 |
| Home Purchase (one-to-four family) | 39 | $13,057,000 | $313,571 | $1,000,000 | $478,428 | $1,705,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 5 | $769,000 | $153,000 | $326,000 | $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 | 201 | $55,207,000 | $362,923 | $1,000,000 | $381,076 | $1,705,000 |
| Black | 10 | $271,000 | $27,000 | $156,000 | $58,000 | $93,000 |
| Asian or Pacific Islander | 8 | $1,960,000 | $245,000 | $328,000 | $105,000 | $175,000 |
| Information not provided by applicant in mail or telephone application | 8 | $910,000 | $113,000 | $246,000 | $64,000 | $152,000 |
| Not applicable | 8 | $1,379,000 | $172,000 | $326,000 | $0 | $0 |
| Other | 2 | $1,095,000 | $547,000 | $806,000 | $188,000 | $206,000 |
| Hispanic | 1 | $166,000 | $166,000 | $166,000 | $67,000 | $67,000 |
| American Indian or Alaskan Native | 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) | 238 | $60,988,000 | $361,538 | $1,000,000 | $377,000 | $1,705,000 |
| 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 Purchased By The Institution | 140 | $51,691,000 | $412,000 | $1,000,000 | $356,666 | $1,508,000 |
| Loan Originated | 91 | $8,797,000 | $195,000 | $806,000 | $536,500 | $1,705,000 |
| Application Denied By Financial Institution | 7 | $500,000 | $43,000 | $200,000 | $55,000 | $80,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 4 | $98,000 | $17,500 | $45,000 | $56,500 | $68,000 |
| Debt-To-Income Ratio | 2 | $382,000 | $191,000 | $200,000 | $56,000 | $80,000 |
| Collateral | 1 | $20,000 | $20,000 | $20,000 | $29,000 | $29,000 |
| Credit Application Incomplete | 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 Mercantile Bank & Trust's 2003 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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