Montgomery Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Montgomery Bank & Trust of Ailey, GA reported 463 mortgage applications totaling $34.8 million, up 1% from 2007. The average application was for $75,246, and applicants reported an average income of $64,583. 97% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Brunswick, GA (23), Mobile, AL (2) and Albany, GA (1) (applications in parentheses).
| Mortgage Company & Address | Montgomery Bank & Trust 125 South Lee Street Ailey, GA 30410 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 463 |
| Total Mortgage Loan Application Amount | $34,839,000 |
| Average Mortgage Loan Application Amount | $75,246 |
| Highest Mortgage Loan Application Amount | $4,130,000 |
| Average Applicant Income | $64,583 |
| Highest Applicant Income | $1,276,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Montgomery Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Toombs, Georgia | 260 | $ 13,630,000 | $ 52,423 | $ 61,000 |
| Montgomery, Georgia | 80 | $ 3,444,000 | $ 43,050 | $ 48,000 |
| Treutlen, Georgia | 21 | $ 710,000 | $ 33,809 | $ 52,000 |
| Glynn, Georgia | 18 | $ 8,710,000 | $ 483,888 | $ 212,000 |
| Wheeler, Georgia | 17 | $ 768,000 | $ 45,176 | $ 48,000 |
| Emanuel, Georgia | 14 | $ 471,000 | $ 33,642 | $ 47,000 |
| Tattnall, Georgia | 12 | $ 456,000 | $ 38,000 | $ 44,000 |
| Bulloch, Georgia | 6 | $ 583,000 | $ 97,166 | $ 21,000 |
| Appling, Georgia | 3 | $ 241,000 | $ 80,333 | $ 72,000 |
| Candler, Georgia | 3 | $ 260,000 | $ 86,666 | $ 78,000 |
| Evans, Georgia | 3 | $ 159,000 | $ 53,000 | $ 45,000 |
| McIntosh, Georgia | 3 | $ 1,122,000 | $ 374,000 | $ 29,000 |
| Putnam, Georgia | 3 | $ 670,000 | $ 223,333 | $ 101,000 |
| Ware, Georgia | 3 | $ 256,000 | $ 85,333 | $ 50,000 |
| Mobile, Alabama | 2 | $ 117,000 | $ 58,500 | $ 106,000 |
| Brantley, Georgia | 2 | $ 170,000 | $ 85,000 | $ 76,000 |
| Camden, Georgia | 2 | $ 1,234,000 | $ 617,000 | $ 27,000 |
| Telfair, Georgia | 2 | $ 49,000 | $ 24,500 | $ 266,000 |
| Volusia, Florida | 1 | $ 152,000 | $ 152,000 | $ 167,000 |
| Bacon, Georgia | 1 | $ 50,000 | $ 50,000 | $ 102,000 |
| Brooks, Georgia | 1 | $ 13,000 | $ 13,000 | $ 36,000 |
| Chatham, Georgia | 1 | $ 90,000 | $ 90,000 | $ 305,000 |
| Cobb, Georgia | 1 | $ 49,000 | $ 49,000 | $ 55,000 |
| Greene, Georgia | 1 | $ 925,000 | $ 925,000 | $ 0 |
| Jeff Davis, Georgia | 1 | $ 109,000 | $ 109,000 | $ 143,000 |
| Terrell, Georgia | 1 | $ 58,000 | $ 58,000 | $ 60,000 |
| Wayne, Georgia | 1 | $ 343,000 | $ 343,000 | $ 250,000 |
Mortgage Loan Application Detail Totals for Montgomery Bank & Trust in 2008
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 | 285 | $17,677,000 | $62,000 | $1,144,000 | $63,000 | $337,000 |
| Home Purchase | 111 | $13,994,000 | $126,000 | $4,130,000 | $69,000 | $1,276,000 |
| Home Improvement | 67 | $3,168,000 | $47,000 | $190,000 | $64,000 | $402,000 |
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 | 351 | $26,330,000 | $75,000 | $4,130,000 | $75,000 | $1,276,000 |
| Black or African American | 49 | $2,032,000 | $41,000 | $200,000 | $56,000 | $144,000 |
| Not applicable | 47 | $5,865,000 | $124,000 | $1,144,000 | $0 | $0 |
| Hispanic | 15 | $511,000 | $34,000 | $104,000 | $48,000 | $144,000 |
| Asian | 1 | $101,000 | $101,000 | $101,000 | $86,000 | $86,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 463 | $34,839,000 | $75,000 | $4,130,000 | $65,000 | $1,276,000 |
| 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 | 450 | $34,235,000 | $76,000 | $4,130,000 | $65,000 | $1,276,000 |
| Application Denied By Financial Institution | 7 | $295,000 | $42,000 | $94,000 | $35,000 | $78,000 |
| Application Withdrawn By Applicant | 6 | $309,000 | $51,000 | $104,000 | $38,000 | $56,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Montgomery Bank & Trust's 2008 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 Montgomery 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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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