Merchants & Marine Bank Mortgage Lending & HMDA Data, 2017
In 2017, Merchants & Marine Bank of Pascagoula, MS reported 360 mortgage applications totaling $22.9 million, down 10% from 2016. The average application was for $63,597, and applicants reported an average income of $70,644. 90% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (203), Daphne-Fairhope-Foley, AL (36) 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 | 360 |
| Total Mortgage Loan Application Amount | $22,895,000 |
| Average Mortgage Loan Application Amount | $63,597 |
| Highest Mortgage Loan Application Amount | $1,423,000 |
| Average Applicant Income | $70,644 |
| Highest Applicant Income | $939,000 |
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(HMDA) records Merchants & Marine Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 203 | $ 9,993,000 | $ 49,226 | $ 67,000 |
| Daphne-Fairhope-Foley, AL | 36 | $ 6,667,000 | $ 185,194 | $ 89,000 |
| Mobile, AL | 8 | $ 1,414,000 | $ 176,750 | $ 85,000 |
| Panama City, FL | 2 | $ 334,000 | $ 167,000 | $ 354,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 367,000 | $ 367,000 | $ 631,000 |
| Florence-Muscle Shoals, AL | 1 | $ 2,000 | $ 2,000 | $ 45,000 |
| Hattiesburg, MS | 1 | $ 39,000 | $ 39,000 | $ 75,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 260,000 | $ 260,000 | $ 354,000 |
Mortgage Loan Application Detail Totals for Merchants & Marine Bank in 2017
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 | 189 | $4,364,000 | $23,000 | $1,200,000 | $57,000 | $241,000 |
| Refinancing | 89 | $8,521,000 | $95,000 | $1,423,000 | $91,000 | $939,000 |
| Home Purchase | 82 | $10,010,000 | $122,000 | $525,000 | $80,000 | $354,000 |
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 | 273 | $18,096,000 | $66,000 | $1,423,000 | $83,000 | $939,000 |
| Black or African American | 45 | $676,000 | $15,000 | $63,000 | $52,000 | $131,000 |
| Not applicable | 32 | $3,781,000 | $118,000 | $1,200,000 | $0 | $0 |
| Hispanic | 5 | $42,000 | $8,000 | $25,000 | $48,000 | $120,000 |
| American Indian or Alaskan Native | 3 | $120,000 | $40,000 | $77,000 | $34,000 | $58,000 |
| Asian | 2 | $180,000 | $90,000 | $120,000 | $67,000 | $68,000 |
| 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) | 360 | $22,895,000 | $63,000 | $1,423,000 | $71,000 | $939,000 |
| 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 | 323 | $21,352,000 | $66,000 | $1,423,000 | $74,000 | $939,000 |
| Application Denied By Financial Institution | 24 | $647,000 | $26,000 | $209,000 | $44,000 | $119,000 |
| Application Withdrawn By Applicant | 9 | $446,000 | $49,000 | $170,000 | $61,000 | $125,000 |
| Application Approved But Not Accepted | 4 | $450,000 | $112,000 | $321,000 | $26,000 | $78,000 |
| 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 2017 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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