Mid-State Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Mid-State Bank & Trust of Arroyo Grande, CA reported 832 mortgage applications totaling $242.7 million, down 11% from 2004. The average application was for $291,735, and applicants reported an average income of $130,163. 73% of its applications resulted in an originated loan and 10% were denied. Its largest markets were San Luis Obispo-Paso Robles, CA (412), Santa Barbara-Santa Maria-Goleta, CA (275) and Oxnard-Thousand Oaks-Ventura, CA (118) (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 | 832 |
| Total Mortgage Loan Application Amount | $242,724,000 |
| Average Mortgage Loan Application Amount | $291,735 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $130,163 |
| Highest Applicant Income | $3,917,000 |
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(HMDA) records Mid-State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 428 | $114,808,000 | $230,000 | $2,000,000 | $114,500 | $1,800,000 |
| Home Purchase | 206 | $93,241,000 | $452,000 | $3,000,000 | $165,000 | $3,917,000 |
| Home Improvement | 198 | $34,675,000 | $89,500 | $1,346,000 | $72,500 | $739,000 |
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 | 563 | $172,483,000 | $167,333 | $3,000,000 | $97,666 | $3,917,000 |
| Hispanic | 205 | $43,108,000 | $210,000 | $740,000 | $63,000 | $714,000 |
| Not Provided | 29 | $11,499,000 | $396,000 | $2,511,000 | $199,000 | $1,800,000 |
| Asian | 10 | $5,099,000 | $509,000 | $1,010,000 | $151,000 | $229,000 |
| Black or African American | 7 | $2,227,000 | $318,000 | $675,000 | $123,000 | $343,000 |
| American Indian or Alaskan Native | 7 | $3,161,000 | $451,000 | $1,235,000 | $319,000 | $659,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,277,000 | $379,000 | $646,000 | $70,000 | $137,000 |
| Not applicable | 5 | $2,870,000 | $574,000 | $960,000 | $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) | 831 | $242,439,000 | $162,333 | $3,000,000 | $93,000 | $3,917,000 |
| FHA-insured (Federal Housing Administration) | 1 | $285,000 | $285,000 | $285,000 | $107,000 | $107,000 |
| 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 | $163,434,000 | $270,000 | $2,511,000 | $125,000 | $3,917,000 |
| Application Withdrawn By Applicant | 89 | $28,050,000 | $254,000 | $1,346,000 | $115,500 | $659,000 |
| Application Denied By Financial Institution | 83 | $20,604,000 | $127,000 | $800,000 | $72,000 | $714,000 |
| File Closed For Incompleteness | 33 | $19,783,000 | $599,000 | $3,000,000 | $236,000 | $1,800,000 |
| Application Approved But Not Accepted | 22 | $10,853,000 | $493,000 | $2,512,000 | $114,000 | $554,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2005 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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