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records Mercantile Bank & Trust, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas, TX | 270 | $ 58,981,000 | $ 218,448 | $ 109,000 |
| Oakland, CA | 25 | $ 10,823,000 | $ 432,920 | $ 0 |
| San Jose, CA | 12 | $ 4,987,000 | $ 415,583 | $ 0 |
| Orange County, CA | 10 | $ 5,191,000 | $ 519,100 | $ 0 |
| Chicago, IL | 7 | $ 3,404,000 | $ 486,285 | $ 0 |
| San Francisco, CA | 7 | $ 3,607,000 | $ 515,285 | $ 0 |
| Los Angeles-Long Beach, CA | 6 | $ 2,575,000 | $ 429,166 | $ 0 |
| Phoenix-Mesa, AZ | 6 | $ 2,815,000 | $ 469,166 | $ 0 |
| Denver, CO | 5 | $ 2,471,000 | $ 494,200 | $ 0 |
| Riverside-San Bernardino, CA | 3 | $ 1,072,000 | $ 357,333 | $ 0 |
| San Diego, CA | 3 | $ 1,223,000 | $ 407,666 | $ 0 |
| Ventura, CA | 3 | $ 1,283,000 | $ 427,666 | $ 0 |
| Boulder-Longmont, CO | 2 | $ 832,000 | $ 416,000 | $ 0 |
| Columbus, OH | 2 | $ 893,000 | $ 446,500 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 440,000 | $ 220,000 | $ 30,000 |
| Sacramento, CA | 2 | $ 868,000 | $ 434,000 | $ 0 |
| Tucson, AZ | 2 | $ 1,005,000 | $ 502,500 | $ 0 |
| Albuquerque, NM | 1 | $ 729,000 | $ 729,000 | $ 0 |
| Baltimore, MD | 1 | $ 338,000 | $ 338,000 | $ 0 |
| Bellingham, WA | 1 | $ 366,000 | $ 366,000 | $ 0 |
| Boise City, ID | 1 | $ 586,000 | $ 586,000 | $ 0 |
| Boston, MA-NH | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 446,000 | $ 446,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 332,000 | $ 332,000 | $ 0 |
| Hartford, CT | 1 | $ 394,000 | $ 394,000 | $ 0 |
| Houston, TX | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Indianapolis, IN | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Orlando, FL | 1 | $ 547,000 | $ 547,000 | $ 0 |
| Philadelphia, PA-NJ | 1 | $ 524,000 | $ 524,000 | $ 0 |
| Portland-Vancouver, OR-WA | 1 | $ 439,000 | $ 439,000 | $ 0 |
| Providence-Fall River-Warwick, RI-MA | 1 | $ 414,000 | $ 414,000 | $ 0 |
| Santa Barbara-Santa Maria-Lompoc, CA | 1 | $ 320,000 | $ 320,000 | $ 0 |
| Santa Rosa, CA | 1 | $ 399,000 | $ 399,000 | $ 0 |
| Wilmington, NC | 1 | $ 192,000 | $ 192,000 | $ 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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