Montgomery Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Montgomery Bank & Trust of Ailey, GA reported 232 mortgage applications totaling $17.3 million, down 27% from 2009. The average application was for $74,762, and applicants reported an average income of $58,375. 98% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Brunswick, GA (12), Atlanta-Sandy Springs-Marietta, GA (2) and Hinesville-Fort Stewart, GA (2) (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 | 232 |
| Total Mortgage Loan Application Amount | $17,345,000 |
| Average Mortgage Loan Application Amount | $74,762 |
| Highest Mortgage Loan Application Amount | $1,737,000 |
| Average Applicant Income | $58,375 |
| Highest Applicant Income | $434,000 |
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(HMDA) records Montgomery Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Brunswick, GA | 12 | $ 5,099,000 | $ 424,916 | $ 115,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 248,000 | $ 124,000 | $ 71,000 |
| Hinesville-Fort Stewart, GA | 2 | $ 162,000 | $ 81,000 | $ 0 |
| Mobile, AL | 2 | $ 44,000 | $ 22,000 | $ 87,000 |
| Savannah, GA | 1 | $ 75,000 | $ 75,000 | $ 316,000 |
Mortgage Loan Application Detail Totals for Montgomery Bank & Trust in 2010
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 | 195 | $15,806,000 | $81,000 | $1,737,000 | $61,000 | $434,000 |
| Home Improvement | 19 | $649,000 | $34,000 | $98,000 | $46,000 | $140,000 |
| Home Purchase | 18 | $890,000 | $49,000 | $378,000 | $43,000 | $258,000 |
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 | 177 | $12,826,000 | $72,000 | $1,737,000 | $68,000 | $434,000 |
| Not applicable | 26 | $3,226,000 | $124,000 | $568,000 | $0 | $0 |
| Black or African American | 26 | $1,249,000 | $48,000 | $295,000 | $45,000 | $138,000 |
| Hispanic | 3 | $44,000 | $14,000 | $20,000 | $107,000 | $280,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 232 | $17,345,000 | $74,000 | $1,737,000 | $58,000 | $434,000 |
| 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 | 228 | $17,244,000 | $75,000 | $1,737,000 | $59,000 | $434,000 |
| Application Denied By Financial Institution | 3 | $92,000 | $30,000 | $37,000 | $30,000 | $50,000 |
| Application Withdrawn By Applicant | 1 | $9,000 | $9,000 | $9,000 | $14,000 | $14,000 |
| 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 2010 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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