Merchants & Marine Bank Mortgage Lending & HMDA Data, 2015
In 2015, Merchants & Marine Bank of Pascagoula, MS reported 476 mortgage applications totaling $38.6 million, about the same as 2014. The average application was for $81,044, and applicants reported an average income of $71,163. 86% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (287), Daphne-Fairhope-Foley, AL (40) and Mobile, AL (15) (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 | 476 |
| Total Mortgage Loan Application Amount | $38,577,000 |
| Average Mortgage Loan Application Amount | $81,044 |
| Highest Mortgage Loan Application Amount | $1,911,000 |
| Average Applicant Income | $71,163 |
| Highest Applicant Income | $1,085,000 |
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(HMDA) records Merchants & Marine Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Gulfport-Biloxi-Pascagoula, MS | 287 | $ 16,494,000 | $ 57,470 | $ 65,000 |
| Daphne-Fairhope-Foley, AL | 40 | $ 14,199,000 | $ 354,975 | $ 92,000 |
| Mobile, AL | 15 | $ 765,000 | $ 51,000 | $ 140,000 |
| Hattiesburg, MS | 3 | $ 194,000 | $ 64,666 | $ 116,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 488,000 | $ 244,000 | $ 21,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 323,000 | $ 323,000 | $ 345,000 |
Mortgage Loan Application Detail Totals for Merchants & Marine Bank in 2015
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 | 196 | $5,327,000 | $27,000 | $1,911,000 | $65,000 | $1,029,000 |
| Refinancing | 146 | $12,984,000 | $88,000 | $655,000 | $75,000 | $1,085,000 |
| Home Purchase | 134 | $20,266,000 | $151,000 | $1,350,000 | $76,000 | $745,000 |
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 | 349 | $25,065,000 | $71,000 | $1,911,000 | $87,000 | $1,085,000 |
| Not applicable | 65 | $10,726,000 | $165,000 | $1,350,000 | $0 | $0 |
| Black or African American | 50 | $2,335,000 | $46,000 | $1,000,000 | $56,000 | $290,000 |
| Hispanic | 5 | $257,000 | $51,000 | $80,000 | $51,000 | $68,000 |
| American Indian or Alaskan Native | 3 | $12,000 | $4,000 | $5,000 | $25,000 | $43,000 |
| Asian | 2 | $48,000 | $24,000 | $46,000 | $54,000 | $79,000 |
| Not Provided | 2 | $134,000 | $67,000 | $132,000 | $41,000 | $48,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 476 | $38,577,000 | $81,000 | $1,911,000 | $71,000 | $1,085,000 |
| 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 | 407 | $34,155,000 | $83,000 | $1,911,000 | $74,000 | $1,085,000 |
| Application Denied By Financial Institution | 33 | $1,270,000 | $38,000 | $150,000 | $41,000 | $175,000 |
| Application Withdrawn By Applicant | 18 | $1,573,000 | $87,000 | $350,000 | $92,000 | $250,000 |
| Application Approved But Not Accepted | 18 | $1,579,000 | $87,000 | $280,000 | $47,000 | $203,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2015 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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