Mid-State Bank & Trust Co Mortgage Lending & HMDA Data, 2007
In 2007, Mid-State Bank & Trust Co of Arroyo Grande, CA reported 969 mortgage applications totaling $328.8 million. The average application was for $339,353, and applicants reported an average income of $135,052. 63% of its applications resulted in an originated loan and 11% were denied. Its largest markets were San Luis Obispo-Paso Robles, CA (469), Santa Barbara-Santa Maria-Goleta, CA (268) and Oxnard-Thousand Oaks-Ventura, CA (101) (applications in parentheses).
| Mortgage Company & Address | Mid-State Bank & Trust Co 564 Camino Mercado Arroyo Grande, CA 93420 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 969 |
| Total Mortgage Loan Application Amount | $328,834,000 |
| Average Mortgage Loan Application Amount | $339,353 |
| Highest Mortgage Loan Application Amount | $20,000,000 |
| Average Applicant Income | $135,052 |
| Highest Applicant Income | $5,668,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-State Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 469 | $ 150,112,000 | $ 320,068 | $ 140,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 268 | $ 99,583,000 | $ 371,578 | $ 96,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 101 | $ 39,001,000 | $ 386,148 | $ 117,000 |
| Salinas, CA | 29 | $ 12,275,000 | $ 423,275 | $ 164,000 |
| Bakersfield, CA | 15 | $ 3,806,000 | $ 253,733 | $ 412,000 |
| Riverside-San Bernardino-Ontario, CA | 14 | $ 2,879,000 | $ 205,642 | $ 72,000 |
| El Centro, CA | 12 | $ 2,519,000 | $ 209,916 | $ 101,000 |
| Fresno, CA | 12 | $ 2,995,000 | $ 249,583 | $ 355,000 |
| Los Angeles-Long Beach-Glendale, CA | 10 | $ 4,276,000 | $ 427,600 | $ 192,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 7 | $ 986,000 | $ 140,857 | $ 355,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 7 | $ 3,751,000 | $ 535,857 | $ 196,000 |
| Visalia-Porterville, CA | 7 | $ 1,197,000 | $ 171,000 | $ 138,000 |
| Hanford-Corcoran, CA | 3 | $ 820,000 | $ 273,333 | $ 224,000 |
| Madera, CA | 2 | $ 713,000 | $ 356,500 | $ 203,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 1,158,000 | $ 579,000 | $ 388,000 |
| Duluth, MN-WI | 1 | $ 150,000 | $ 150,000 | $ 48,000 |
| Eugene-Springfield, OR | 1 | $ 109,000 | $ 109,000 | $ 31,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 760,000 | $ 760,000 | $ 287,000 |
| Redding, CA | 1 | $ 181,000 | $ 181,000 | $ 382,000 |
| Reno-Sparks, NV | 1 | $ 326,000 | $ 326,000 | $ 260,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 284,000 | $ 284,000 | $ 593,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 1 | $ 30,000 | $ 30,000 | $ 0 |
Mortgage Loan Application Detail Totals for Mid-State Bank & Trust Co in 2007
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 | 534 | $177,244,000 | $331,000 | $3,500,000 | $123,000 | $4,073,000 |
| Home Purchase | 237 | $90,296,000 | $380,000 | $2,170,000 | $194,000 | $5,668,000 |
| Home Improvement | 198 | $61,294,000 | $309,000 | $20,000,000 | $97,000 | $900,000 |
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 | 619 | $213,027,000 | $344,000 | $3,500,000 | $155,000 | $5,668,000 |
| Hispanic | 200 | $51,141,000 | $255,000 | $950,000 | $81,000 | $900,000 |
| Not Provided | 104 | $29,948,000 | $287,000 | $838,000 | $142,000 | $671,000 |
| Asian | 18 | $4,342,000 | $241,000 | $517,000 | $117,000 | $539,000 |
| Not applicable | 13 | $26,334,000 | $2,025,000 | $20,000,000 | $1,000 | $24,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,005,000 | $250,000 | $417,000 | $107,000 | $348,000 |
| American Indian or Alaskan Native | 4 | $1,523,000 | $380,000 | $1,010,000 | $154,000 | $527,000 |
| Black or African American | 3 | $514,000 | $171,000 | $219,000 | $83,000 | $119,000 |
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) | 969 | $328,834,000 | $339,000 | $20,000,000 | $135,000 | $5,668,000 |
| 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 | 613 | $214,815,000 | $350,000 | $20,000,000 | $136,000 | $5,668,000 |
| Application Withdrawn By Applicant | 140 | $44,737,000 | $319,000 | $1,220,000 | $130,000 | $1,440,000 |
| Application Denied By Financial Institution | 102 | $28,736,000 | $281,000 | $1,408,000 | $151,000 | $4,073,000 |
| File Closed For Incompleteness | 74 | $25,798,000 | $348,000 | $1,330,000 | $113,000 | $528,000 |
| Application Approved But Not Accepted | 40 | $14,748,000 | $368,000 | $3,500,000 | $126,000 | $783,000 |
| 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 | 29 | $10,790,000 | $372,000 | $700,000 | $323,000 | $4,073,000 |
| Credit History | 23 | $4,122,000 | $179,000 | $703,000 | $91,000 | $348,000 |
| Debt-To-Income Ratio | 21 | $4,011,000 | $191,000 | $700,000 | $80,000 | $294,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $7,185,000 | $399,000 | $1,408,000 | $90,000 | $336,000 |
| Other | 7 | $1,560,000 | $222,000 | $595,000 | $74,000 | $125,000 |
| Employment History | 2 | $537,000 | $268,000 | $392,000 | $45,000 | $59,000 |
| Unverifiable Information | 1 | $186,000 | $186,000 | $186,000 | $24,000 | $24,000 |
| Mortgage Insurance Denied | 1 | $345,000 | $345,000 | $345,000 | $58,000 | $58,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-State Bank & Trust Co's 2007 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 Co'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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