Merchants & Marine Bank Mortgage Lending & HMDA Data, 2022
In 2022, Merchants & Marine Bank of Pascagoula, MS reported 333 mortgage applications totaling $66.5 million, up 15% from 2021. The average application was for $199,714, and applicants reported an average income of $127,276. 73% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (100), Hattiesburg, MS (95) and Daphne-Fairhope-Foley, AL (44) (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 | 333 |
| Total Mortgage Loan Application Amount | $66,505,000 |
| Average Mortgage Loan Application Amount | $199,714 |
| Highest Mortgage Loan Application Amount | $2,085,000 |
| Average Applicant Income | $127,276 |
| Highest Applicant Income | $3,435,000 |
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(HMDA) records Merchants & Marine Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 100 | $ 14,270,000 | $ 142,700 | $ 109,000 |
| Hattiesburg, MS | 95 | $ 24,715,000 | $ 260,157 | $ 115,000 |
| Outside any metro area | 56 | $ 7,420,000 | $ 132,500 | $ 87,125 |
| Daphne-Fairhope-Foley, AL | 44 | $ 13,720,000 | $ 311,818 | $ 418,000 |
| Mobile, AL | 25 | $ 2,885,000 | $ 115,400 | $ 71,000 |
| Baton Rouge, LA | 3 | $ 615,000 | $ 205,000 | $ 111,000 |
| Jackson, MS | 3 | $ 605,000 | $ 201,666 | $ 79,000 |
| Knoxville, TN | 2 | $ 630,000 | $ 315,000 | $ 151,000 |
| Montgomery, AL | 2 | $ 750,000 | $ 375,000 | $ 137,000 |
| Lafayette, LA | 1 | $ 415,000 | $ 415,000 | $ 132,000 |
| New Orleans-Metairie, LA | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 315,000 | $ 315,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Merchants & Marine Bank in 2022
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 Purchase | 169 | $35,875,000 | $212,000 | $865,000 | $144,000 | $3,435,000 |
| Refinancing | 153 | $30,185,000 | $197,000 | $2,085,000 | $112,000 | $708,000 |
| Home Improvement | 7 | $265,000 | $37,000 | $75,000 | $45,000 | $89,000 |
| Other Purpose | 4 | $180,000 | $45,000 | $95,000 | $149,000 | $286,000 |
| 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 | 253 | $52,085,000 | $205,000 | $2,085,000 | $128,000 | $3,435,000 |
| Not applicable | 50 | $8,200,000 | $164,000 | $555,000 | $0 | $0 |
| Black or African American | 13 | $1,275,000 | $98,000 | $275,000 | $56,000 | $111,000 |
| Not Provided | 12 | $4,400,000 | $366,000 | $2,005,000 | $191,000 | $708,000 |
| Asian | 2 | $180,000 | $90,000 | $115,000 | $75,000 | $81,000 |
| Hispanic | 1 | $105,000 | $105,000 | $105,000 | $38,000 | $38,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 289 | $57,815,000 | $200,000 | $2,085,000 | $136,000 | $3,435,000 |
| FHA-insured (Federal Housing Administration) | 30 | $5,960,000 | $198,000 | $405,000 | $80,000 | $189,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,360,000 | $136,000 | $235,000 | $46,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,370,000 | $342,000 | $545,000 | $119,000 | $186,000 |
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 | 243 | $43,665,000 | $179,000 | $825,000 | $132,000 | $3,435,000 |
| Application Withdrawn By Applicant | 53 | $16,285,000 | $307,000 | $2,085,000 | $136,000 | $708,000 |
| Application Denied By Financial Institution | 27 | $3,925,000 | $145,000 | $385,000 | $75,000 | $189,000 |
| Application Approved But Not Accepted | 5 | $1,285,000 | $257,000 | $405,000 | $133,000 | $362,000 |
| File Closed For Incompleteness | 5 | $1,345,000 | $269,000 | $435,000 | $96,000 | $162,000 |
| 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 |
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 | 306 | $62,580,000 | $204,000 | $2,085,000 | $132,000 | $3,435,000 |
| Debt-To-Income Ratio | 9 | $1,055,000 | $117,000 | $265,000 | $57,000 | $115,000 |
| Credit History | 8 | $1,250,000 | $156,000 | $385,000 | $82,000 | $146,000 |
| Collateral | 5 | $1,175,000 | $235,000 | $315,000 | $105,000 | $189,000 |
| Other | 3 | $155,000 | $51,000 | $105,000 | $48,000 | $122,000 |
| Unverifiable Information | 1 | $125,000 | $125,000 | $125,000 | $74,000 | $74,000 |
| Employment History | 1 | $165,000 | $165,000 | $165,000 | $117,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants & Marine Bank's 2022 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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