Morgantown Bank & Trust Co Inc Mortgage Lending & HMDA Data, 2021
In 2021, Morgantown Bank & Trust Co Inc of Morgantown, KY reported 179 mortgage applications totaling $29.4 million, down 1% from 2020. The average application was for $164,162, and applicants reported an average income of $107,625. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Bowling Green, KY (161) and Nashville-Davidson--Murfreesboro--Franklin, TN (2).
| 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 | 179 |
| Total Mortgage Loan Application Amount | $29,385,000 |
| Average Mortgage Loan Application Amount | $164,162 |
| Highest Mortgage Loan Application Amount | $1,625,000 |
| Average Applicant Income | $107,625 |
| Highest Applicant Income | $1,833,000 |
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records Morgantown Bank & Trust Co Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 | 84 | $16,730,000 | $199,000 | $985,000 | $110,000 | $1,065,000 |
| Home Purchase | 80 | $11,780,000 | $147,000 | $1,625,000 | $112,000 | $1,833,000 |
| Other Purpose | 8 | $470,000 | $58,000 | $205,000 | $78,000 | $147,000 |
| Home Improvement | 7 | $405,000 | $57,000 | $105,000 | $63,000 | $138,000 |
| 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 | 145 | $24,105,000 | $166,000 | $1,625,000 | $109,000 | $1,833,000 |
| Not applicable | 30 | $4,850,000 | $161,000 | $375,000 | $0 | $0 |
| Black or African American | 2 | $290,000 | $145,000 | $215,000 | $53,000 | $89,000 |
| Hispanic | 2 | $140,000 | $70,000 | $95,000 | $83,000 | $124,000 |
| 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) | 179 | $29,385,000 | $164,000 | $1,625,000 | $108,000 | $1,833,000 |
| 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 | 154 | $25,760,000 | $167,000 | $1,625,000 | $113,000 | $1,833,000 |
| Application Approved But Not Accepted | 17 | $3,005,000 | $176,000 | $795,000 | $93,000 | $147,000 |
| Application Denied By Financial Institution | 8 | $620,000 | $77,000 | $175,000 | $36,000 | $100,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 171 | $28,765,000 | $168,000 | $1,625,000 | $111,000 | $1,833,000 |
| Credit History | 6 | $540,000 | $90,000 | $175,000 | $37,000 | $100,000 |
| Debt-To-Income Ratio | 1 | $45,000 | $45,000 | $45,000 | $30,000 | $30,000 |
| Collateral | 1 | $35,000 | $35,000 | $35,000 | $0 | $0 |
| 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 2021 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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