Mid-State Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Mid-State Bank & Trust of Arroyo Grande, CA reported 1,747 mortgage applications totaling $365.3 million. The average application was for $209,129, and applicants reported an average income of $149,345. 80% of its applications resulted in an originated loan and 6% were denied. Its largest markets were San Luis Obispo-Atascadero-Paso Robles, CA (891), Santa Barbara-Santa Maria-Lompoc, CA (574) and Ventura, CA (222) (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 | 1,747 |
| Total Mortgage Loan Application Amount | $365,349,000 |
| Average Mortgage Loan Application Amount | $209,129 |
| Highest Mortgage Loan Application Amount | $9,792,000 |
| Average Applicant Income | $149,345 |
| Highest Applicant Income | $3,378,000 |
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(HMDA) records Mid-State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Mid-State Bank & Trust in 2003
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 (home purchase or home improvement, one-to-four family) | 1,469 | $273,788,000 | $186,000 | $3,000,000 | $154,000 | $3,292,000 |
| Home Purchase (one-to-four family) | 182 | $63,201,000 | $347,000 | $9,792,000 | $159,000 | $3,378,000 |
| Home Improvement (one-to-four family) | 87 | $2,798,000 | $32,000 | $350,000 | $66,000 | $342,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 9 | $25,562,000 | $2,840,000 | $7,500,000 | $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 | 1,275 | $245,877,000 | $192,000 | $3,000,000 | $136,000 | $3,378,000 |
| Hispanic | 295 | $46,926,000 | $159,000 | $735,000 | $77,000 | $513,000 |
| Information not provided by applicant in mail or telephone application | 48 | $12,389,000 | $258,000 | $1,185,000 | $171,000 | $1,100,000 |
| Asian or Pacific Islander | 41 | $8,528,000 | $208,000 | $920,000 | $88,000 | $278,000 |
| Other | 33 | $7,418,000 | $224,000 | $775,000 | $500,000 | $3,292,000 |
| Black | 24 | $3,499,000 | $145,000 | $287,000 | $72,000 | $137,000 |
| American Indian or Alaskan Native | 22 | $6,281,000 | $285,000 | $956,000 | $160,000 | $324,000 |
| Not applicable | 9 | $34,431,000 | $3,825,000 | $9,792,000 | $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) | 1,747 | $365,349,000 | $209,000 | $9,792,000 | $141,000 | $3,378,000 |
| 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 | 1,399 | $287,323,000 | $205,000 | $9,792,000 | $134,000 | $1,317,000 |
| Application Withdrawn By Applicant | 161 | $41,882,000 | $260,000 | $1,500,000 | $166,000 | $3,378,000 |
| Application Denied By Financial Institution | 97 | $13,427,000 | $138,000 | $1,050,000 | $64,000 | $317,000 |
| Application Approved But Not Accepted | 59 | $16,472,000 | $279,000 | $3,000,000 | $288,000 | $3,292,000 |
| File Closed For Incompleteness | 31 | $6,245,000 | $201,000 | $950,000 | $69,000 | $456,000 |
| Loan Purchased By The 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 Mid-State Bank & Trust's 2003 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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