Mercantile Bank & Trust, FSB Mortgage Lending & HMDA Data, 2003
In 2003, Mercantile Bank & Trust, FSB of Dallas, TX reported 456 mortgage applications totaling $126.8 million. The average application was for $277,971, and applicants reported an average income of $80,936. 63% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Dallas, TX (270), Oakland, CA (25) and San Jose, CA (12) (applications in parentheses).
| Mortgage Company & Address | Mercantile Bank & Trust, FSB 14001 Dallas Parkway, Suite 1101 Dallas, TX 75240 |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 456 |
| Total Mortgage Loan Application Amount | $126,755,000 |
| Average Mortgage Loan Application Amount | $277,971 |
| Highest Mortgage Loan Application Amount | $1,084,000 |
| Average Applicant Income | $80,936 |
| Highest Applicant Income | $1,082,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mercantile Bank & Trust, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dallas, Texas | 150 | $ 37,692,000 | $ 251,280 | $ 127,000 |
| Collin, Texas | 67 | $ 12,362,000 | $ 184,507 | $ 115,000 |
| Denton, Texas | 41 | $ 7,440,000 | $ 181,463 | $ 81,000 |
| Alameda, California | 17 | $ 7,432,000 | $ 437,176 | $ 0 |
| Santa Clara, California | 12 | $ 4,987,000 | $ 415,583 | $ 0 |
| Orange, California | 10 | $ 5,191,000 | $ 519,100 | $ 0 |
| Contra Costa, California | 8 | $ 3,391,000 | $ 423,875 | $ 0 |
| Maricopa, Arizona | 6 | $ 2,815,000 | $ 469,166 | $ 0 |
| Los Angeles, California | 6 | $ 2,575,000 | $ 429,166 | $ 0 |
| Ellis, Texas | 5 | $ 700,000 | $ 140,000 | $ 51,000 |
| Marin, California | 4 | $ 2,319,000 | $ 579,750 | $ 0 |
| Rockwall, Texas | 4 | $ 428,000 | $ 107,000 | $ 73,000 |
| San Diego, California | 3 | $ 1,223,000 | $ 407,666 | $ 0 |
| Ventura, California | 3 | $ 1,283,000 | $ 427,666 | $ 0 |
| Cook, Illinois | 3 | $ 1,200,000 | $ 400,000 | $ 0 |
| Fairfax, Virginia | 3 | $ 1,513,000 | $ 504,333 | $ 0 |
| Prince William, Virginia | 3 | $ 1,511,000 | $ 503,666 | $ 0 |
| Pima, Arizona | 2 | $ 1,005,000 | $ 502,500 | $ 0 |
| San Bernardino, California | 2 | $ 794,000 | $ 397,000 | $ 0 |
| San Mateo, California | 2 | $ 905,000 | $ 452,500 | $ 0 |
| Boulder, Colorado | 2 | $ 832,000 | $ 416,000 | $ 0 |
| Denver, Colorado | 2 | $ 1,008,000 | $ 504,000 | $ 0 |
| Douglas, Colorado | 2 | $ 1,114,000 | $ 557,000 | $ 0 |
| Will, Illinois | 2 | $ 913,000 | $ 456,500 | $ 0 |
| Montgomery, Maryland | 2 | $ 1,378,000 | $ 689,000 | $ 0 |
| Franklin, Ohio | 2 | $ 893,000 | $ 446,500 | $ 0 |
| Henderson, Texas | 2 | $ 349,000 | $ 174,500 | $ 179,000 |
| Tarrant, Texas | 2 | $ 440,000 | $ 220,000 | $ 30,000 |
| Loudoun, Virginia | 2 | $ 1,001,000 | $ 500,500 | $ 0 |
| El Dorado, California | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Placer, California | 1 | $ 518,000 | $ 518,000 | $ 0 |
| Riverside, California | 1 | $ 278,000 | $ 278,000 | $ 0 |
| San Francisco, California | 1 | $ 383,000 | $ 383,000 | $ 0 |
| Santa Barbara, California | 1 | $ 320,000 | $ 320,000 | $ 0 |
| Sonoma, California | 1 | $ 399,000 | $ 399,000 | $ 0 |
| Arapahoe, Colorado | 1 | $ 349,000 | $ 349,000 | $ 0 |
| El Paso, Colorado | 1 | $ 332,000 | $ 332,000 | $ 0 |
| Hartford, Connecticut | 1 | $ 394,000 | $ 394,000 | $ 0 |
| Orange, Florida | 1 | $ 547,000 | $ 547,000 | $ 0 |
| Ada, Idaho | 1 | $ 586,000 | $ 586,000 | $ 0 |
| DuPage, Illinois | 1 | $ 646,000 | $ 646,000 | $ 0 |
| Lake, Illinois | 1 | $ 645,000 | $ 645,000 | $ 0 |
| Marion, Indiana | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Howard, Maryland | 1 | $ 338,000 | $ 338,000 | $ 0 |
| Plymouth, Massachusetts | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Bernalillo, New Mexico | 1 | $ 729,000 | $ 729,000 | $ 0 |
| Taos, New Mexico | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Dare, North Carolina | 1 | $ 439,000 | $ 439,000 | $ 0 |
| New Hanover, North Carolina | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Union, North Carolina | 1 | $ 446,000 | $ 446,000 | $ 0 |
| Clackamas, Oregon | 1 | $ 439,000 | $ 439,000 | $ 0 |
| Philadelphia, Pennsylvania | 1 | $ 524,000 | $ 524,000 | $ 0 |
| Kent, Rhode Island | 1 | $ 414,000 | $ 414,000 | $ 0 |
| Harris, Texas | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Kaufman, Texas | 1 | $ 10,000 | $ 10,000 | $ 65,000 |
| Kendall, Texas | 1 | $ 576,000 | $ 576,000 | $ 0 |
| Arlington, Virginia | 1 | $ 388,000 | $ 388,000 | $ 0 |
| Fairfax City, Virginia | 1 | $ 438,000 | $ 438,000 | $ 0 |
| Whatcom, Washington | 1 | $ 366,000 | $ 366,000 | $ 0 |
Mortgage Loan Application Detail Totals for Mercantile Bank & Trust, FSB 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) | 360 | $98,644,000 | $451,933 | $1,084,000 | $11,533 | $1,082,000 |
| Home Purchase (one-to-four family) | 96 | $28,111,000 | $332,230 | $1,000,000 | $21,615 | $891,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 289 | $61,670,000 | $211,400 | $1,084,000 | $83,200 | $1,082,000 |
| Not applicable | 129 | $58,684,000 | $466,842 | $969,000 | $0 | $0 |
| Asian or Pacific Islander | 12 | $2,101,000 | $175,000 | $333,000 | $99,000 | $151,000 |
| Hispanic | 12 | $1,782,000 | $148,000 | $450,000 | $92,000 | $253,000 |
| Information not provided by applicant in mail or telephone application | 8 | $1,892,000 | $236,000 | $788,000 | $157,000 | $285,000 |
| Black | 2 | $360,000 | $180,000 | $233,000 | $95,000 | $122,000 |
| Other | 2 | $139,000 | $69,000 | $87,000 | $40,000 | $61,000 |
| American Indian or Alaskan Native | 2 | $127,000 | $63,000 | $66,000 | $42,000 | $84,000 |
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) | 456 | $126,755,000 | $420,850 | $1,084,000 | $13,750 | $1,082,000 |
| 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 | 289 | $61,677,000 | $233,000 | $1,084,000 | $85,500 | $1,082,000 |
| Loan Purchased By The Institution | 129 | $58,684,000 | $466,842 | $969,000 | $0 | $0 |
| Application Withdrawn By Applicant | 21 | $3,137,000 | $149,000 | $802,000 | $106,000 | $427,000 |
| Application Denied By Financial Institution | 16 | $3,154,000 | $165,500 | $825,000 | $101,000 | $509,000 |
| File Closed For Incompleteness | 1 | $103,000 | $103,000 | $103,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 9 | $2,014,000 | $223,000 | $825,000 | $84,000 | $310,000 |
| Credit History | 3 | $405,000 | $140,000 | $156,000 | $63,000 | $84,000 |
| Collateral | 2 | $358,000 | $179,000 | $265,000 | $284,000 | $509,000 |
| Credit Application Incomplete | 1 | $206,000 | $206,000 | $206,000 | $93,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $171,000 | $171,000 | $171,000 | $311,000 | $311,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mercantile Bank & Trust, FSB'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, FSB'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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