National Bank of Commerce Mortgage Lending & HMDA Data, 2004
In 2004, National Bank of Commerce of Birmingham, AL reported 1,536 mortgage applications totaling $262.1 million, down 45% from 2003. The average application was for $170,616, and applicants reported an average income of $91,879. 88% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Birmingham-Hoover, AL (864), Pensacola-Ferry Pass-Brent, FL (164) and Orlando, FL (130) (applications in parentheses).
| Mortgage Company & Address | National Bank of Commerce 1927 1st Avenue North Birmingham, AL 35203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 1,536 |
| Total Mortgage Loan Application Amount | $262,067,000 |
| Average Mortgage Loan Application Amount | $170,616 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $91,879 |
| Highest Applicant Income | $3,833,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records National Bank of Commerce filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Birmingham-Hoover, AL | 864 | $ 146,839,000 | $ 169,952 | $ 77,000 |
| Pensacola-Ferry Pass-Brent, FL | 164 | $ 24,528,000 | $ 149,560 | $ 58,000 |
| Orlando, FL | 130 | $ 18,333,000 | $ 141,023 | $ 68,000 |
| Naples-Marco Island, FL | 87 | $ 17,558,000 | $ 201,816 | $ 113,000 |
| Atlanta-Sandy Springs-Marietta, GA | 80 | $ 13,629,000 | $ 170,362 | $ 76,000 |
| Cape Coral-Fort Myers, FL | 29 | $ 4,276,000 | $ 147,448 | $ 77,000 |
| Tuscaloosa, AL | 13 | $ 1,220,000 | $ 93,846 | $ 63,000 |
| Decatur, AL | 9 | $ 1,036,000 | $ 115,111 | $ 28,000 |
| Huntsville, AL | 9 | $ 1,179,000 | $ 131,000 | $ 50,000 |
| Lakeland, FL | 8 | $ 947,000 | $ 118,375 | $ 69,000 |
| Fort Walton Beach-Crestview-Destin, FL | 7 | $ 2,559,000 | $ 365,571 | $ 886,000 |
| Montgomery, AL | 6 | $ 1,733,000 | $ 288,833 | $ 266,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 348,000 | $ 87,000 | $ 221,000 |
| Gainesville, FL | 4 | $ 435,000 | $ 108,750 | $ 69,000 |
| Vero Beach, FL | 4 | $ 424,000 | $ 106,000 | $ 75,000 |
| Columbus, GA-AL | 3 | $ 408,000 | $ 136,000 | $ 150,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 448,000 | $ 149,333 | $ 81,000 |
| Athens-Clarke County, GA | 2 | $ 123,000 | $ 61,500 | $ 31,000 |
| Auburn-Opelika, AL | 2 | $ 260,000 | $ 130,000 | $ 34,000 |
| Gadsden, AL | 2 | $ 346,000 | $ 173,000 | $ 84,000 |
| Mobile, AL | 2 | $ 137,000 | $ 68,500 | $ 53,000 |
| Nashville-Davidson--Murfreesboro, TN | 2 | $ 1,117,000 | $ 558,500 | $ 291,000 |
| Panama City-Lynn Haven, FL | 2 | $ 591,000 | $ 295,500 | $ 131,000 |
| Richmond, VA | 2 | $ 276,000 | $ 138,000 | $ 72,000 |
| Asheville, NC | 1 | $ 96,000 | $ 96,000 | $ 66,000 |
| Baltimore-Towson, MD | 1 | $ 404,000 | $ 404,000 | $ 140,000 |
| Charleston-North Charleston, SC | 1 | $ 500,000 | $ 500,000 | $ 1,272,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 150,000 | $ 150,000 | $ 69,000 |
| Chattanooga, TN-GA | 1 | $ 84,000 | $ 84,000 | $ 0 |
| Fayetteville, NC | 1 | $ 76,000 | $ 76,000 | $ 242,000 |
| Florence-Muscle Shoals, AL | 1 | $ 81,000 | $ 81,000 | $ 52,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 179,000 | $ 179,000 | $ 83,000 |
| Gulfport-Biloxi, MS | 1 | $ 160,000 | $ 160,000 | $ 14,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 95,000 | $ 95,000 | $ 65,000 |
| Ocala, FL | 1 | $ 167,000 | $ 167,000 | $ 48,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 116,000 | $ 116,000 | $ 117,000 |
| Punta Gorda, FL | 1 | $ 448,000 | $ 448,000 | $ 286,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 207,000 | $ 207,000 | $ 91,000 |
| Toledo, OH | 1 | $ 128,000 | $ 128,000 | $ 51,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 139,000 | $ 139,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for National Bank of Commerce in 2004
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 | 935 | $162,909,000 | $257,454 | $1,950,000 | $183,181 | $2,083,000 |
| Refinancing | 577 | $98,788,000 | $613,142 | $3,000,000 | $144,714 | $3,833,000 |
| Home Improvement | 24 | $370,000 | $15,000 | $75,000 | $46,000 | $206,000 |
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 | 1,313 | $225,456,000 | $463,461 | $3,000,000 | $189,076 | $3,833,000 |
| Black or African American | 66 | $6,941,000 | $108,333 | $356,000 | $48,666 | $180,000 |
| Not applicable | 57 | $14,857,000 | $290,500 | $1,950,000 | $11,000 | $92,000 |
| Not Provided | 48 | $7,756,000 | $152,000 | $825,000 | $83,333 | $390,000 |
| Hispanic | 37 | $5,309,000 | $152,000 | $334,000 | $89,500 | $216,000 |
| Asian | 15 | $1,748,000 | $112,666 | $224,000 | $84,666 | $231,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,443 | $251,160,000 | $463,692 | $3,000,000 | $190,076 | $3,833,000 |
| FHA-insured (Federal Housing Administration) | 66 | $7,051,000 | $107,666 | $197,000 | $44,333 | $195,000 |
| VA-guaranteed (Veterans Administration) | 24 | $3,538,000 | $159,666 | $271,000 | $55,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $318,000 | $106,000 | $110,000 | $28,000 | $33,000 |
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 | 1,351 | $232,104,000 | $470,923 | $3,000,000 | $188,615 | $3,833,000 |
| Application Approved But Not Accepted | 79 | $12,046,000 | $147,666 | $650,000 | $63,333 | $274,000 |
| Application Withdrawn By Applicant | 72 | $13,706,000 | $168,666 | $793,000 | $105,333 | $477,000 |
| Application Denied By Financial Institution | 34 | $4,211,000 | $99,666 | $500,000 | $63,000 | $258,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 18 | $1,843,000 | $111,500 | $248,000 | $43,500 | $104,000 |
| Debt-To-Income Ratio | 8 | $812,000 | $91,333 | $236,000 | $48,333 | $93,000 |
| Collateral | 5 | $678,000 | $132,000 | $181,000 | $67,000 | $109,000 |
| Other | 3 | $878,000 | $344,500 | $500,000 | $185,500 | $258,000 |
| 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 |
| 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 National Bank of Commerce's 2004 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 National Bank of Commerce'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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