Morgantown Bank & Trust Co Inc Mortgage Lending & HMDA Data, 2018
In 2018, Morgantown Bank & Trust Co Inc of Morgantown, KY reported 156 mortgage applications totaling $17.5 million, down 39% from 2017. The average application was for $112,051, and applicants reported an average income of $104,474. 71% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Bowling Green, KY (135), Louisville/Jefferson County, KY-IN (1) and Nashville-Davidson--Murfreesboro--Franklin, TN (1) (applications in parentheses).
| Mortgage Company & Address | Morgantown Bank & Trust Co Inc Po Box 68 Morgantown, KY 42261 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 156 |
| Total Mortgage Loan Application Amount | $17,480,000 |
| Average Mortgage Loan Application Amount | $112,051 |
| Highest Mortgage Loan Application Amount | $1,495,000 |
| Average Applicant Income | $104,474 |
| Highest Applicant Income | $2,224,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Morgantown Bank & Trust Co Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Morgantown Bank & Trust Co Inc in 2018
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 97 | $12,455,000 | $128,000 | $1,495,000 | $121,000 | $2,224,000 |
| Refinancing | 47 | $4,555,000 | $96,000 | $605,000 | $84,000 | $661,000 |
| Home Improvement | 7 | $305,000 | $43,000 | $105,000 | $44,000 | $95,000 |
| Other Purpose | 5 | $165,000 | $33,000 | $55,000 | $61,000 | $73,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 138 | $13,820,000 | $100,000 | $1,495,000 | $104,000 | $2,224,000 |
| Not applicable | 14 | $3,440,000 | $245,000 | $605,000 | $0 | $0 |
| Hispanic | 2 | $150,000 | $75,000 | $95,000 | $126,000 | $178,000 |
| Not Provided | 1 | $55,000 | $55,000 | $55,000 | $178,000 | $178,000 |
| Black or African American | 1 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
| 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 |
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) | 156 | $17,480,000 | $112,000 | $1,495,000 | $104,000 | $2,224,000 |
| 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 | 111 | $13,085,000 | $117,000 | $1,495,000 | $111,000 | $2,224,000 |
| Application Denied By Financial Institution | 21 | $1,595,000 | $75,000 | $175,000 | $73,000 | $661,000 |
| Application Approved But Not Accepted | 19 | $2,315,000 | $121,000 | $805,000 | $109,000 | $461,000 |
| Application Withdrawn By Applicant | 4 | $430,000 | $107,000 | $155,000 | $59,000 | $81,000 |
| File Closed For Incompleteness | 1 | $55,000 | $55,000 | $55,000 | $178,000 | $178,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 135 | $15,885,000 | $117,000 | $1,495,000 | $109,000 | $2,224,000 |
| Credit History | 18 | $1,400,000 | $77,000 | $175,000 | $79,000 | $661,000 |
| Debt-To-Income Ratio | 2 | $140,000 | $70,000 | $85,000 | $32,000 | $44,000 |
| Collateral | 1 | $55,000 | $55,000 | $55,000 | $45,000 | $45,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Morgantown Bank & Trust Co Inc's 2018 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 Morgantown Bank & Trust Co Inc'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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