Mid-State Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Mid-State Bank & Trust of Arroyo Grande, CA reported 708 mortgage applications totaling $190.0 million, down 15% from 2005. The average application was for $268,429, and applicants reported an average income of $115,799. 68% of its applications resulted in an originated loan and 9% were denied. Its largest markets were San Luis Obispo-Paso Robles, CA (345), Santa Barbara-Santa Maria, CA (237) and Oxnard-Thousand Oaks-Ventura, CA (96) (applications in parentheses).
| Mortgage Company & Address | Mid-State Bank & Trust 564 Camino Mercado Arroyo Grande, CA 93420 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 708 |
| Total Mortgage Loan Application Amount | $190,048,000 |
| Average Mortgage Loan Application Amount | $268,429 |
| Highest Mortgage Loan Application Amount | $6,060,000 |
| Average Applicant Income | $115,799 |
| Highest Applicant Income | $1,440,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Luis Obispo-Paso Robles, CA | 345 | $ 97,846,000 | $ 283,611 | $ 131,000 |
| Santa Barbara-Santa Maria, CA | 237 | $ 53,451,000 | $ 225,531 | $ 95,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 96 | $ 30,545,000 | $ 318,177 | $ 114,000 |
| Los Angeles-Long Beach-Glendale, CA | 9 | $ 3,421,000 | $ 380,111 | $ 120,000 |
| Bakersfield, CA | 5 | $ 823,000 | $ 164,600 | $ 124,000 |
| Salinas, CA | 3 | $ 1,104,000 | $ 368,000 | $ 121,000 |
| Visalia-Porterville, CA | 3 | $ 336,000 | $ 112,000 | $ 61,000 |
| Fresno, CA | 1 | $ 363,000 | $ 363,000 | $ 74,000 |
| Hanford-Corcoran, CA | 1 | $ 417,000 | $ 417,000 | $ 439,000 |
| Redding, CA | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 417,000 | $ 417,000 | $ 168,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 221,000 | $ 221,000 | $ 63,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 120,000 | $ 120,000 | $ 52,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 325,000 | $ 325,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Mid-State Bank & Trust in 2006
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 | 467 | $128,229,000 | $274,000 | $6,060,000 | $110,000 | $1,440,000 |
| Home Purchase | 130 | $44,711,000 | $343,000 | $1,320,000 | $145,000 | $1,350,000 |
| Home Improvement | 111 | $17,108,000 | $154,000 | $800,000 | $106,000 | $867,000 |
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 | 473 | $129,379,000 | $273,000 | $6,060,000 | $130,000 | $1,440,000 |
| Hispanic | 162 | $41,299,000 | $254,000 | $907,000 | $79,000 | $533,000 |
| Not Provided | 41 | $12,431,000 | $303,000 | $1,113,000 | $109,000 | $337,000 |
| Asian | 14 | $4,070,000 | $290,000 | $550,000 | $83,000 | $263,000 |
| Black or African American | 7 | $840,000 | $120,000 | $420,000 | $54,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,113,000 | $185,000 | $280,000 | $73,000 | $264,000 |
| American Indian or Alaskan Native | 5 | $916,000 | $183,000 | $409,000 | $296,000 | $521,000 |
| Not applicable | 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) | 708 | $190,048,000 | $268,000 | $6,060,000 | $116,000 | $1,440,000 |
| 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 | 478 | $115,263,000 | $241,000 | $6,060,000 | $121,000 | $1,440,000 |
| Application Withdrawn By Applicant | 114 | $37,116,000 | $325,000 | $953,000 | $109,000 | $864,000 |
| Application Denied By Financial Institution | 63 | $18,457,000 | $292,000 | $1,320,000 | $96,000 | $804,000 |
| File Closed For Incompleteness | 35 | $11,133,000 | $318,000 | $628,000 | $93,000 | $328,000 |
| Application Approved But Not Accepted | 18 | $8,079,000 | $448,000 | $2,000,000 | $145,000 | $1,072,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $1,000 | $1,000 | $1,000 | $81,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,000 | $1,000 | $1,000 | $106,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Mid-State Bank & Trust's 2006 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 Mid-State Bank & Trust'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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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