Morgantown Bank & Trust Co Inc Mortgage Lending & HMDA Data, 2023
In 2023, Morgantown Bank & Trust Co Inc of Morgantown, KY reported 183 mortgage applications totaling $38.7 million, down 1% from 2022. The average application was for $211,284, and applicants reported an average income of $118,382. 86% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Bowling Green, KY (136), Nashville-Davidson--Murfreesboro--Franklin, TN (7) and Owensboro, KY (4) (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 | 183 |
| Total Mortgage Loan Application Amount | $38,665,000 |
| Average Mortgage Loan Application Amount | $211,284 |
| Highest Mortgage Loan Application Amount | $3,305,000 |
| Average Applicant Income | $118,382 |
| Highest Applicant Income | $829,000 |
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records Morgantown Bank & Trust Co Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023
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 | 87 | $23,175,000 | $266,000 | $3,305,000 | $127,000 | $829,000 |
| Refinancing | 65 | $13,415,000 | $206,000 | $1,405,000 | $118,000 | $805,000 |
| Home Improvement | 20 | $1,620,000 | $81,000 | $355,000 | $106,000 | $381,000 |
| Other Purpose | 11 | $455,000 | $41,000 | $95,000 | $75,000 | $117,000 |
| 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 | 149 | $25,955,000 | $174,000 | $1,445,000 | $117,000 | $829,000 |
| Not applicable | 24 | $10,370,000 | $432,000 | $3,305,000 | $0 | $0 |
| Hispanic | 7 | $1,425,000 | $203,000 | $625,000 | $145,000 | $367,000 |
| Black or African American | 2 | $370,000 | $185,000 | $335,000 | $15,000 | $15,000 |
| Asian | 1 | $545,000 | $545,000 | $545,000 | $119,000 | $119,000 |
| 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) | 183 | $38,665,000 | $211,000 | $3,305,000 | $118,000 | $829,000 |
| 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 | 158 | $34,220,000 | $216,000 | $3,305,000 | $125,000 | $829,000 |
| Application Approved But Not Accepted | 12 | $1,110,000 | $92,000 | $225,000 | $66,000 | $188,000 |
| Application Denied By Financial Institution | 11 | $1,955,000 | $177,000 | $525,000 | $85,000 | $140,000 |
| Application Withdrawn By Applicant | 2 | $1,380,000 | $690,000 | $805,000 | $94,000 | $94,000 |
| 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 | 172 | $36,710,000 | $213,000 | $3,305,000 | $120,000 | $829,000 |
| Credit History | 6 | $890,000 | $148,000 | $265,000 | $85,000 | $140,000 |
| Debt-To-Income Ratio | 3 | $505,000 | $168,000 | $275,000 | $81,000 | $135,000 |
| Collateral | 1 | $35,000 | $35,000 | $35,000 | $58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $525,000 | $525,000 | $525,000 | $128,000 | $128,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Morgantown Bank & Trust Co Inc's 2023 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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