Merchants & Marine Bank Mortgage Lending & HMDA Data, 2018
In 2018, Merchants & Marine Bank of Pascagoula, MS reported 277 mortgage applications totaling $33.4 million, down 23% from 2017. The average application was for $120,523, and applicants reported an average income of $132,960. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (135), Daphne-Fairhope-Foley, AL (55) 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 | 277 |
| Total Mortgage Loan Application Amount | $33,385,000 |
| Average Mortgage Loan Application Amount | $120,523 |
| Highest Mortgage Loan Application Amount | $1,255,000 |
| Average Applicant Income | $132,960 |
| Highest Applicant Income | $2,535,000 |
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(HMDA) records Merchants & Marine Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 135 | $ 11,785,000 | $ 87,296 | $ 142,000 |
| Outside any metro area | 60 | $ 4,760,000 | $ 79,333 | $ 90,750 |
| Daphne-Fairhope-Foley, AL | 55 | $ 12,995,000 | $ 236,272 | $ 164,000 |
| Mobile, AL | 15 | $ 2,385,000 | $ 159,000 | $ 92,000 |
| Jackson, MS | 6 | $ 450,000 | $ 75,000 | $ 82,000 |
| Columbus, GA-AL | 2 | $ 430,000 | $ 215,000 | $ 0 |
| Hattiesburg, MS | 2 | $ 40,000 | $ 20,000 | $ 31,000 |
| Auburn-Opelika, AL | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 435,000 | $ 435,000 | $ 451,000 |
Mortgage Loan Application Detail Totals for Merchants & Marine Bank in 2018
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 | 156 | $15,150,000 | $97,000 | $675,000 | $128,000 | $2,535,000 |
| Home Purchase | 93 | $17,015,000 | $182,000 | $1,255,000 | $166,000 | $1,573,000 |
| Other Purpose | 15 | $595,000 | $39,000 | $85,000 | $49,000 | $116,000 |
| Home Improvement | 13 | $625,000 | $48,000 | $85,000 | $53,000 | $172,000 |
| Cash-out Refinancing | 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 | 192 | $21,950,000 | $114,000 | $1,255,000 | $133,000 | $2,535,000 |
| Not applicable | 57 | $9,015,000 | $158,000 | $935,000 | $0 | $0 |
| Black or African American | 21 | $1,325,000 | $63,000 | $225,000 | $67,000 | $227,000 |
| Not Provided | 3 | $795,000 | $265,000 | $625,000 | $226,000 | $319,000 |
| Hispanic | 2 | $210,000 | $105,000 | $185,000 | $501,000 | $939,000 |
| American Indian or Alaskan Native | 1 | $15,000 | $15,000 | $15,000 | $31,000 | $31,000 |
| Asian | 1 | $75,000 | $75,000 | $75,000 | $179,000 | $179,000 |
| 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) | 277 | $33,385,000 | $120,000 | $1,255,000 | $131,000 | $2,535,000 |
| 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 | 239 | $30,145,000 | $126,000 | $1,255,000 | $144,000 | $2,535,000 |
| Application Withdrawn By Applicant | 19 | $1,255,000 | $66,000 | $245,000 | $68,000 | $224,000 |
| Application Denied By Financial Institution | 11 | $605,000 | $55,000 | $135,000 | $40,000 | $72,000 |
| Application Approved But Not Accepted | 8 | $1,380,000 | $172,000 | $325,000 | $95,000 | $178,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 277 | $33,385,000 | $120,000 | $1,255,000 | $131,000 | $2,535,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants & Marine Bank's 2018 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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