Mid-State Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Mid-State Bank & Trust of Arroyo Grande, CA reported 934 mortgage applications totaling $288.2 million, down 47% from 2003. The average application was for $308,554, and applicants reported an average income of $135,097. 65% of its applications resulted in an originated loan and 8% were denied. Its largest markets were San Luis Obispo-Paso Robles, CA (415), Santa Barbara-Santa Maria-Goleta, CA (276) and Oxnard-Thousand Oaks-Ventura, CA (205) (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 | 934 |
| Total Mortgage Loan Application Amount | $288,190,000 |
| Average Mortgage Loan Application Amount | $308,554 |
| Highest Mortgage Loan Application Amount | $3,700,000 |
| Average Applicant Income | $135,097 |
| Highest Applicant Income | $3,918,000 |
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(HMDA) records Mid-State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 475 | $134,587,000 | $283,000 | $3,700,000 | $100,000 | $3,917,000 |
| Home Purchase | 316 | $121,836,000 | $385,000 | $3,000,000 | $206,000 | $3,918,000 |
| Home Improvement | 143 | $31,767,000 | $222,000 | $1,000,000 | $95,000 | $1,188,000 |
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 | 598 | $169,241,000 | $283,000 | $3,000,000 | $154,000 | $3,918,000 |
| Hispanic | 155 | $36,338,000 | $234,000 | $1,008,000 | $73,000 | $396,000 |
| Not applicable | 117 | $59,559,000 | $509,000 | $3,700,000 | $0 | $0 |
| Not Provided | 20 | $7,771,000 | $388,000 | $1,800,000 | $294,000 | $3,133,000 |
| Asian | 20 | $6,042,000 | $302,000 | $920,000 | $254,000 | $3,151,000 |
| American Indian or Alaskan Native | 12 | $6,140,000 | $511,000 | $995,000 | $197,000 | $357,000 |
| Black or African American | 7 | $2,084,000 | $297,000 | $780,000 | $69,000 | $105,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,015,000 | $203,000 | $570,000 | $110,000 | $315,000 |
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) | 934 | $288,190,000 | $308,000 | $3,700,000 | $137,000 | $3,918,000 |
| 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 | 605 | $168,463,000 | $278,000 | $3,700,000 | $155,000 | $3,918,000 |
| Loan Purchased By The Institution | 107 | $52,036,000 | $486,000 | $1,271,000 | $0 | $0 |
| Application Denied By Financial Institution | 72 | $18,308,000 | $254,000 | $1,593,000 | $91,000 | $396,000 |
| Application Withdrawn By Applicant | 65 | $27,613,000 | $424,000 | $3,000,000 | $207,000 | $1,196,000 |
| File Closed For Incompleteness | 43 | $11,641,000 | $270,000 | $1,800,000 | $116,000 | $840,000 |
| Application Approved But Not Accepted | 42 | $10,129,000 | $241,000 | $700,000 | $84,000 | $918,000 |
| 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 Mid-State Bank & Trust's 2004 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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