Peach State Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Peach State Bank & Trust of Gainesville, GA reported 60 mortgage applications totaling $15.0 million, down 23% from 2018. The average application was for $250,500, and applicants reported an average income of $163,033. 75% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Gainesville, GA (54) and Atlanta-Sandy Springs-Roswell, GA (2).
| Mortgage Company & Address | Peach State Bank & Trust 325 Washington Street Gainesville, GA 30501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 60 |
| Total Mortgage Loan Application Amount | $15,030,000 |
| Average Mortgage Loan Application Amount | $250,500 |
| Highest Mortgage Loan Application Amount | $895,000 |
| Average Applicant Income | $163,033 |
| Highest Applicant Income | $537,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peach State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Peach State Bank & Trust in 2019
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 | 37 | $12,265,000 | $331,000 | $895,000 | $207,000 | $537,000 |
| Refinancing | 20 | $2,630,000 | $131,000 | $395,000 | $97,000 | $411,000 |
| Home Improvement | 2 | $50,000 | $25,000 | $35,000 | $61,000 | $61,000 |
| Cash-out Refinancing | 1 | $85,000 | $85,000 | $85,000 | $61,000 | $61,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 29 | $7,615,000 | $262,000 | $895,000 | $177,000 | $537,000 |
| Not applicable | 26 | $6,970,000 | $268,000 | $755,000 | $0 | $0 |
| Hispanic | 3 | $305,000 | $101,000 | $115,000 | $64,000 | $100,000 |
| American Indian or Alaskan Native | 1 | $95,000 | $95,000 | $95,000 | $59,000 | $59,000 |
| Black or African American | 1 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 58 | $14,810,000 | $255,000 | $895,000 | $167,000 | $537,000 |
| FHA-insured (Federal Housing Administration) | 2 | $220,000 | $110,000 | $115,000 | $47,000 | $57,000 |
| 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 | 45 | $11,455,000 | $254,000 | $895,000 | $198,000 | $537,000 |
| Application Withdrawn By Applicant | 6 | $1,970,000 | $328,000 | $595,000 | $155,000 | $283,000 |
| Application Denied By Financial Institution | 5 | $805,000 | $161,000 | $445,000 | $63,000 | $130,000 |
| Application Approved But Not Accepted | 4 | $800,000 | $200,000 | $525,000 | $74,000 | $83,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 60 | $15,030,000 | $250,000 | $895,000 | $160,000 | $537,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peach State Bank & Trust's 2019 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 Peach State Bank & Trust'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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