Merchants & Marine Bank Mortgage Lending & HMDA Data, 2014
In 2014, Merchants & Marine Bank of Pascagoula, MS reported 474 mortgage applications totaling $36.9 million, up 4% from 2013. The average application was for $77,911, and applicants reported an average income of $73,320. 84% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (273), Daphne-Fairhope-Foley, AL (37) and Mobile, AL (8) (applications in parentheses).
| Mortgage Company & Address | Merchants & Marine Bank P. O. Box 729 Pascagoula, MS 39567 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 474 |
| Total Mortgage Loan Application Amount | $36,930,000 |
| Average Mortgage Loan Application Amount | $77,911 |
| Highest Mortgage Loan Application Amount | $2,479,000 |
| Average Applicant Income | $73,320 |
| Highest Applicant Income | $978,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants & Marine Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jackson, Mississippi | 264 | $ 19,635,000 | $ 74,375 | $ 74,000 |
| George, Mississippi | 115 | $ 4,594,000 | $ 39,947 | $ 51,000 |
| Baldwin, Alabama | 37 | $ 8,538,000 | $ 230,756 | $ 114,000 |
| Greene, Mississippi | 23 | $ 1,278,000 | $ 55,565 | $ 68,000 |
| DeKalb, Alabama | 12 | $ 290,000 | $ 24,166 | $ 34,000 |
| Harrison, Mississippi | 9 | $ 1,706,000 | $ 189,555 | $ 185,000 |
| Mobile, Alabama | 8 | $ 167,000 | $ 20,875 | $ 91,000 |
| Perry, Mississippi | 2 | $ 107,000 | $ 53,500 | $ 113,000 |
| Escambia, Florida | 1 | $ 409,000 | $ 409,000 | $ 0 |
| Lauderdale, Mississippi | 1 | $ 99,000 | $ 99,000 | $ 197,000 |
| Pike, Mississippi | 1 | $ 46,000 | $ 46,000 | $ 200,000 |
| Stone, Mississippi | 1 | $ 61,000 | $ 61,000 | $ 162,000 |
Mortgage Loan Application Detail Totals for Merchants & Marine Bank in 2014
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 204 | $4,390,000 | $21,000 | $400,000 | $54,000 | $345,000 |
| Refinancing | 187 | $17,155,000 | $91,000 | $960,000 | $83,000 | $864,000 |
| Home Purchase | 83 | $15,385,000 | $185,000 | $2,479,000 | $99,000 | $978,000 |
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 | 374 | $28,036,000 | $74,000 | $2,479,000 | $84,000 | $978,000 |
| Black or African American | 57 | $1,758,000 | $30,000 | $400,000 | $39,000 | $126,000 |
| Not applicable | 28 | $6,263,000 | $223,000 | $960,000 | $0 | $0 |
| Asian | 5 | $254,000 | $50,000 | $85,000 | $100,000 | $149,000 |
| American Indian or Alaskan Native | 4 | $137,000 | $34,000 | $68,000 | $40,000 | $55,000 |
| Hispanic | 3 | $86,000 | $28,000 | $52,000 | $36,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $71,000 | $35,000 | $47,000 | $40,000 | $40,000 |
| Not Provided | 1 | $325,000 | $325,000 | $325,000 | $345,000 | $345,000 |
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) | 474 | $36,930,000 | $77,000 | $2,479,000 | $73,000 | $978,000 |
| 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 | 396 | $27,961,000 | $70,000 | $1,325,000 | $72,000 | $864,000 |
| Application Denied By Financial Institution | 45 | $4,595,000 | $102,000 | $2,479,000 | $62,000 | $978,000 |
| Application Withdrawn By Applicant | 18 | $1,801,000 | $100,000 | $865,000 | $92,000 | $535,000 |
| Application Approved But Not Accepted | 14 | $2,553,000 | $182,000 | $1,100,000 | $127,000 | $548,000 |
| File Closed For Incompleteness | 1 | $20,000 | $20,000 | $20,000 | $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 |
|---|---|---|---|---|---|---|
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants & Marine Bank's 2014 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 & Marine 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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