Merchants & Planters Bank Mortgage Lending & HMDA Data, 2025
In 2025, Merchants & Planters Bank of Raymond, MS reported 51 mortgage applications totaling $12.4 million, about the same as 2024. The average application was for $243,235, and applicants reported an average income of $274,444. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Jackson, MS (38) and Gulfport-Biloxi-Pascagoula, MS (1).
| Mortgage Company & Address | Merchants & Planters Bank Po Box 699 Raymond, MS 39154 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 51 |
| Total Mortgage Loan Application Amount | $12,405,000 |
| Average Mortgage Loan Application Amount | $243,235 |
| Highest Mortgage Loan Application Amount | $1,805,000 |
| Average Applicant Income | $274,444 |
| Highest Applicant Income | $2,224,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants & Planters Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Merchants & Planters Bank in 2025
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 | 25 | $3,595,000 | $143,000 | $565,000 | $286,000 | $2,224,000 |
| Other Purpose | 10 | $3,430,000 | $343,000 | $1,305,000 | $160,000 | $399,000 |
| Home Purchase | 10 | $4,340,000 | $434,000 | $1,805,000 | $360,000 | $1,479,000 |
| Cash-out Refinancing | 6 | $1,040,000 | $173,000 | $325,000 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 28 | $8,090,000 | $288,000 | $1,805,000 | $302,000 | $2,224,000 |
| Not applicable | 17 | $2,485,000 | $146,000 | $345,000 | $46,000 | $46,000 |
| Black or African American | 3 | $395,000 | $131,000 | $205,000 | $68,000 | $112,000 |
| Hispanic | 2 | $130,000 | $65,000 | $115,000 | $39,000 | $49,000 |
| Asian | 1 | $1,305,000 | $1,305,000 | $1,305,000 | $399,000 | $399,000 |
| 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) | 51 | $12,405,000 | $243,000 | $1,805,000 | $263,000 | $2,224,000 |
| 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 | 49 | $12,375,000 | $252,000 | $1,805,000 | $276,000 | $2,224,000 |
| Application Approved But Not Accepted | 1 | $15,000 | $15,000 | $15,000 | $24,000 | $24,000 |
| Application Denied By Financial Institution | 1 | $15,000 | $15,000 | $15,000 | $49,000 | $49,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 50 | $12,390,000 | $247,000 | $1,805,000 | $269,000 | $2,224,000 |
| Credit History | 1 | $15,000 | $15,000 | $15,000 | $49,000 | $49,000 |
| Debt-To-Income Ratio | 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 |
| 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 Merchants & Planters Bank's 2025 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 Merchants & Planters Bank'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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