Morgantown Bank & Trust Co Inc Mortgage Lending & HMDA Data, 2022
In 2022, Morgantown Bank & Trust Co Inc of Morgantown, KY reported 185 mortgage applications totaling $40.7 million, up 3% from 2021. The average application was for $220,135, and applicants reported an average income of $103,524. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Bowling Green, KY (153), Nashville-Davidson--Murfreesboro--Franklin, TN (4) and Evansville, IN-KY (2) (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 | 185 |
| Total Mortgage Loan Application Amount | $40,725,000 |
| Average Mortgage Loan Application Amount | $220,135 |
| Highest Mortgage Loan Application Amount | $3,465,000 |
| Average Applicant Income | $103,524 |
| Highest Applicant Income | $1,161,000 |
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records Morgantown Bank & Trust Co Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 93 | $25,905,000 | $278,000 | $3,465,000 | $112,000 | $1,161,000 |
| Refinancing | 65 | $12,975,000 | $199,000 | $765,000 | $90,000 | $449,000 |
| Home Improvement | 20 | $1,470,000 | $73,000 | $405,000 | $82,000 | $227,000 |
| Other Purpose | 7 | $375,000 | $53,000 | $85,000 | $178,000 | $805,000 |
| 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 | 158 | $31,650,000 | $200,000 | $3,465,000 | $98,000 | $1,161,000 |
| Not applicable | 22 | $7,850,000 | $356,000 | $2,515,000 | $0 | $0 |
| Hispanic | 2 | $130,000 | $65,000 | $85,000 | $49,000 | $60,000 |
| Not Provided | 1 | $745,000 | $745,000 | $745,000 | $1,041,000 | $1,041,000 |
| 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 |
| Black or African American | 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) | 185 | $40,725,000 | $220,000 | $3,465,000 | $103,000 | $1,161,000 |
| 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 | 159 | $35,185,000 | $221,000 | $3,465,000 | $95,000 | $805,000 |
| Application Approved But Not Accepted | 18 | $3,300,000 | $183,000 | $745,000 | $121,000 | $1,041,000 |
| Application Denied By Financial Institution | 7 | $935,000 | $133,000 | $315,000 | $65,000 | $133,000 |
| Application Withdrawn By Applicant | 1 | $1,305,000 | $1,305,000 | $1,305,000 | $1,161,000 | $1,161,000 |
| 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 | 178 | $39,790,000 | $223,000 | $3,465,000 | $105,000 | $1,161,000 |
| Credit History | 6 | $850,000 | $141,000 | $315,000 | $65,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $85,000 | $85,000 | $85,000 | $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 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Morgantown Bank & Trust Co Inc's 2022 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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