Premier Bank & Trust, N.A. Mortgage Lending & HMDA Data, 2008
In 2008, Premier Bank & Trust, N.A. of North Canton, OH reported 89 mortgage applications totaling $17.3 million, up 16% from 2007. The average application was for $193,943, and applicants reported an average income of $93,640. 75% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Canton-Massillon, OH (57), Akron, OH (7) and Cleveland-Elyria-Mentor, OH (3) (applications in parentheses).
| Mortgage Company & Address | Premier Bank & Trust, N.A. 600 South Main Street North Canton, OH 44720 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 89 |
| Total Mortgage Loan Application Amount | $17,261,000 |
| Average Mortgage Loan Application Amount | $193,943 |
| Highest Mortgage Loan Application Amount | $460,000 |
| Average Applicant Income | $93,640 |
| Highest Applicant Income | $393,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Premier Bank & Trust, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Stark, Ohio | 57 | $ 11,122,000 | $ 195,122 | $ 102,000 |
| Wayne, Ohio | 17 | $ 2,323,000 | $ 136,647 | $ 35,000 |
| Summit, Ohio | 6 | $ 1,599,000 | $ 266,500 | $ 172,000 |
| Cuyahoga, Ohio | 2 | $ 626,000 | $ 313,000 | $ 110,000 |
| Sarasota, Florida | 1 | $ 364,000 | $ 364,000 | $ 236,000 |
| Delaware, Ohio | 1 | $ 322,000 | $ 322,000 | $ 112,000 |
| Medina, Ohio | 1 | $ 150,000 | $ 150,000 | $ 108,000 |
| Portage, Ohio | 1 | $ 301,000 | $ 301,000 | $ 111,000 |
| Wyandot, Ohio | 1 | $ 231,000 | $ 231,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Premier Bank & Trust, N.A. in 2008
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 | 62 | $11,458,000 | $184,000 | $460,000 | $90,000 | $393,000 |
| Refinancing | 27 | $5,803,000 | $214,000 | $408,000 | $102,000 | $288,000 |
| Home Improvement | 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 | 84 | $16,430,000 | $195,000 | $460,000 | $98,000 | $393,000 |
| Not applicable | 4 | $666,000 | $166,000 | $392,000 | $0 | $0 |
| Asian | 1 | $165,000 | $165,000 | $165,000 | $93,000 | $93,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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 |
| American Indian or Alaskan Native | 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) | 86 | $16,922,000 | $196,000 | $460,000 | $96,000 | $393,000 |
| FHA-insured (Federal Housing Administration) | 3 | $339,000 | $113,000 | $148,000 | $36,000 | $41,000 |
| 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 | 67 | $13,509,000 | $201,000 | $460,000 | $95,000 | $393,000 |
| Application Denied By Financial Institution | 11 | $1,645,000 | $149,000 | $364,000 | $71,000 | $236,000 |
| Application Approved But Not Accepted | 8 | $1,614,000 | $201,000 | $408,000 | $133,000 | $152,000 |
| Application Withdrawn By Applicant | 3 | $493,000 | $164,000 | $285,000 | $50,000 | $117,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 7 | $1,170,000 | $167,000 | $364,000 | $89,000 | $236,000 |
| Credit History | 2 | $177,000 | $88,000 | $102,000 | $38,000 | $45,000 |
| Debt-To-Income Ratio | 2 | $298,000 | $149,000 | $150,000 | $42,000 | $43,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Premier Bank & Trust, N.A.'s 2008 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 Premier Bank & Trust, N.A.'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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