Midtown Bank & Trust Company Mortgage Lending & HMDA Data, 2011
In 2011, Midtown Bank & Trust Company of Atlanta, GA reported 250 mortgage applications totaling $64.7 million, up 242% from 2010. The average application was for $258,920, and applicants reported an average income of $122,844. 9% of its applications resulted in an originated loan and 58% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (204), Gainesville, GA (6) and Savannah, GA (4) (applications in parentheses).
| Mortgage Company & Address | Midtown Bank & Trust Company 712 West Peachtree St Atlanta, GA 30308 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 250 |
| Total Mortgage Loan Application Amount | $64,730,000 |
| Average Mortgage Loan Application Amount | $258,920 |
| Highest Mortgage Loan Application Amount | $1,990,000 |
| Average Applicant Income | $122,844 |
| Highest Applicant Income | $480,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midtown Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fulton, Georgia | 71 | $ 22,501,000 | $ 316,915 | $ 130,000 |
| Cobb, Georgia | 32 | $ 6,965,000 | $ 217,656 | $ 132,000 |
| DeKalb, Georgia | 28 | $ 7,176,000 | $ 256,285 | $ 135,000 |
| Gwinnett, Georgia | 21 | $ 3,619,000 | $ 172,333 | $ 84,000 |
| Cherokee, Georgia | 12 | $ 3,991,000 | $ 332,583 | $ 128,000 |
| Forsyth, Georgia | 9 | $ 2,468,000 | $ 274,222 | $ 104,000 |
| Fayette, Georgia | 7 | $ 1,478,000 | $ 211,142 | $ 94,000 |
| Hall, Georgia | 6 | $ 1,407,000 | $ 234,500 | $ 147,000 |
| Henry, Georgia | 5 | $ 1,102,000 | $ 220,400 | $ 94,000 |
| Carroll, Georgia | 3 | $ 1,195,000 | $ 398,333 | $ 112,000 |
| Coweta, Georgia | 3 | $ 710,000 | $ 236,666 | $ 95,000 |
| Barrow, Georgia | 2 | $ 315,000 | $ 157,500 | $ 67,000 |
| Chatham, Georgia | 2 | $ 793,000 | $ 396,500 | $ 80,000 |
| Clayton, Georgia | 2 | $ 198,000 | $ 99,000 | $ 73,000 |
| Dougherty, Georgia | 2 | $ 292,000 | $ 146,000 | $ 94,000 |
| Douglas, Georgia | 2 | $ 418,000 | $ 209,000 | $ 101,000 |
| Effingham, Georgia | 2 | $ 536,000 | $ 268,000 | $ 102,000 |
| Houston, Georgia | 2 | $ 446,000 | $ 223,000 | $ 91,000 |
| Jackson, Georgia | 2 | $ 502,000 | $ 251,000 | $ 173,000 |
| Paulding, Georgia | 2 | $ 392,000 | $ 196,000 | $ 65,000 |
| Fairfield, Connecticut | 1 | $ 150,000 | $ 150,000 | $ 360,000 |
| Martin, Florida | 1 | $ 211,000 | $ 211,000 | $ 214,000 |
| Miami-Dade, Florida | 1 | $ 371,000 | $ 371,000 | $ 230,000 |
| Volusia, Florida | 1 | $ 209,000 | $ 209,000 | $ 86,000 |
| Bartow, Georgia | 1 | $ 229,000 | $ 229,000 | $ 219,000 |
| Butts, Georgia | 1 | $ 250,000 | $ 250,000 | $ 110,000 |
| Candler, Georgia | 1 | $ 358,000 | $ 358,000 | $ 112,000 |
| Columbia, Georgia | 1 | $ 370,000 | $ 370,000 | $ 197,000 |
| Dawson, Georgia | 1 | $ 261,000 | $ 261,000 | $ 62,000 |
| Emanuel, Georgia | 1 | $ 250,000 | $ 250,000 | $ 55,000 |
| Gilmer, Georgia | 1 | $ 140,000 | $ 140,000 | $ 104,000 |
| Gordon, Georgia | 1 | $ 150,000 | $ 150,000 | $ 54,000 |
| Habersham, Georgia | 1 | $ 182,000 | $ 182,000 | $ 263,000 |
| Hancock, Georgia | 1 | $ 156,000 | $ 156,000 | $ 45,000 |
| Harris, Georgia | 1 | $ 387,000 | $ 387,000 | $ 225,000 |
| Hart, Georgia | 1 | $ 296,000 | $ 296,000 | $ 274,000 |
| Laurens, Georgia | 1 | $ 135,000 | $ 135,000 | $ 52,000 |
| Liberty, Georgia | 1 | $ 159,000 | $ 159,000 | $ 94,000 |
| Lumpkin, Georgia | 1 | $ 119,000 | $ 119,000 | $ 57,000 |
| McIntosh, Georgia | 1 | $ 475,000 | $ 475,000 | $ 98,000 |
| Oconee, Georgia | 1 | $ 396,000 | $ 396,000 | $ 358,000 |
| Pickens, Georgia | 1 | $ 226,000 | $ 226,000 | $ 78,000 |
| Putnam, Georgia | 1 | $ 292,000 | $ 292,000 | $ 192,000 |
| Rabun, Georgia | 1 | $ 252,000 | $ 252,000 | $ 160,000 |
| Towns, Georgia | 1 | $ 179,000 | $ 179,000 | $ 89,000 |
| Union, Georgia | 1 | $ 265,000 | $ 265,000 | $ 91,000 |
| Walton, Georgia | 1 | $ 60,000 | $ 60,000 | $ 68,000 |
| Catawba, North Carolina | 1 | $ 245,000 | $ 245,000 | $ 360,000 |
| Mecklenburg, North Carolina | 1 | $ 142,000 | $ 142,000 | $ 32,000 |
| Transylvania, North Carolina | 1 | $ 418,000 | $ 418,000 | $ 296,000 |
| Champaign, Ohio | 1 | $ 97,000 | $ 97,000 | $ 0 |
| Anderson, South Carolina | 1 | $ 200,000 | $ 200,000 | $ 136,000 |
| York, South Carolina | 1 | $ 130,000 | $ 130,000 | $ 132,000 |
| Loudon, Tennessee | 1 | $ 371,000 | $ 371,000 | $ 97,000 |
| Roane, Tennessee | 1 | $ 95,000 | $ 95,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Midtown Bank & Trust Company in 2011
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 | 229 | $59,021,000 | $257,000 | $1,990,000 | $121,000 | $480,000 |
| Home Purchase | 20 | $5,559,000 | $277,000 | $560,000 | $141,000 | $374,000 |
| Home Improvement | 1 | $150,000 | $150,000 | $150,000 | $182,000 | $182,000 |
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 | 196 | $52,518,000 | $267,000 | $1,990,000 | $129,000 | $480,000 |
| Not Provided | 26 | $5,722,000 | $220,000 | $785,000 | $113,000 | $431,000 |
| Asian | 11 | $2,486,000 | $226,000 | $417,000 | $104,000 | $245,000 |
| Black or African American | 9 | $1,533,000 | $170,000 | $303,000 | $109,000 | $186,000 |
| Not applicable | 5 | $2,087,000 | $417,000 | $950,000 | $0 | $0 |
| Hispanic | 2 | $225,000 | $112,000 | $199,000 | $158,000 | $272,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $159,000 | $159,000 | $159,000 | $94,000 | $94,000 |
| American Indian or Alaskan Native | 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) | 246 | $64,066,000 | $260,000 | $1,990,000 | $124,000 | $480,000 |
| FHA-insured (Federal Housing Administration) | 4 | $664,000 | $166,000 | $238,000 | $45,000 | $116,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 146 | $36,086,000 | $247,000 | $698,000 | $113,000 | $480,000 |
| Application Withdrawn By Applicant | 77 | $19,232,000 | $249,000 | $935,000 | $145,000 | $480,000 |
| Loan Originated | 23 | $8,470,000 | $368,000 | $1,990,000 | $108,000 | $431,000 |
| File Closed For Incompleteness | 2 | $585,000 | $292,000 | $387,000 | $172,000 | $225,000 |
| Application Approved But Not Accepted | 1 | $191,000 | $191,000 | $191,000 | $212,000 | $212,000 |
| Loan Purchased By The Institution | 1 | $166,000 | $166,000 | $166,000 | $64,000 | $64,000 |
| 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 | 61 | $14,210,000 | $232,000 | $664,000 | $113,000 | $358,000 |
| Credit Application Incomplete | 47 | $13,555,000 | $288,000 | $698,000 | $148,000 | $480,000 |
| Debt-To-Income Ratio | 21 | $4,604,000 | $219,000 | $689,000 | $50,000 | $106,000 |
| Other | 10 | $2,282,000 | $228,000 | $304,000 | $100,000 | $192,000 |
| Unverifiable Information | 3 | $803,000 | $267,000 | $358,000 | $118,000 | $130,000 |
| Credit History | 3 | $450,000 | $150,000 | $211,000 | $67,000 | $109,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midtown Bank & Trust Company's 2011 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 Midtown Bank & Trust Company'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.
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