Merchants & Planters Bank Mortgage Lending & HMDA Data, 2024
In 2024, Merchants & Planters Bank of Raymond, MS reported 51 mortgage applications totaling $9.9 million, up 13% from 2023. The average application was for $194,215, and applicants reported an average income of $224,313. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Jackson, MS (36), Hattiesburg, MS (2) and Gulfport-Biloxi-Pascagoula, MS (1) (applications in parentheses).
| 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 | $9,905,000 |
| Average Mortgage Loan Application Amount | $194,215 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $224,313 |
| Highest Applicant Income | $2,267,000 |
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records Merchants & Planters Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hinds, Mississippi | 26 | $ 3,570,000 | $ 137,307 | $ 122,000 |
| Jasper, Mississippi | 7 | $ 375,000 | $ 53,571 | $ 82,000 |
| Rankin, Mississippi | 5 | $ 1,715,000 | $ 343,000 | $ 855,000 |
| Madison, Mississippi | 4 | $ 2,780,000 | $ 695,000 | $ 525,000 |
| Smith, Mississippi | 3 | $ 225,000 | $ 75,000 | $ 43,000 |
| Jones, Mississippi | 2 | $ 390,000 | $ 195,000 | $ 121,000 |
| Lamar, Mississippi | 2 | $ 640,000 | $ 320,000 | $ 180,000 |
| Copiah, Mississippi | 1 | $ 65,000 | $ 65,000 | $ 65,000 |
| Jackson, Mississippi | 1 | $ 145,000 | $ 145,000 | $ 0 |
Mortgage Loan Application Detail Totals for Merchants & Planters Bank in 2024
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 | 19 | $1,705,000 | $89,000 | $255,000 | $86,000 | $180,000 |
| Other Purpose | 11 | $5,985,000 | $544,000 | $1,505,000 | $290,000 | $1,246,000 |
| Home Purchase | 8 | $1,040,000 | $130,000 | $225,000 | $348,000 | $818,000 |
| Cash-out Refinancing | 7 | $675,000 | $96,000 | $205,000 | $460,000 | $2,267,000 |
| Home Improvement | 6 | $500,000 | $83,000 | $155,000 | $102,000 | $320,000 |
| 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 | 36 | $6,260,000 | $173,000 | $1,505,000 | $227,000 | $2,267,000 |
| Not applicable | 8 | $2,290,000 | $286,000 | $1,205,000 | $0 | $0 |
| Black or African American | 5 | $315,000 | $63,000 | $135,000 | $85,000 | $148,000 |
| Asian | 2 | $1,040,000 | $520,000 | $965,000 | $163,000 | $275,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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 | $9,905,000 | $194,000 | $1,505,000 | $207,000 | $2,267,000 |
| 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 | 51 | $9,905,000 | $194,000 | $1,505,000 | $207,000 | $2,267,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 51 | $9,905,000 | $194,000 | $1,505,000 | $207,000 | $2,267,000 |
| 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants & Planters Bank's 2024 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.
For a list of all lenders in Mississippi, download the full spreadsheet
with aggregated HMDA statistics today.
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