Peach State Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Peach State Bank & Trust of Gainesville, GA reported 59 mortgage applications totaling $12.8 million, up 5% from 2015. The average application was for $216,237, and applicants reported an average income of $163,644. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Gainesville, GA (48), Atlanta-Sandy Springs-Roswell, GA (2) and Greenville-Anderson-Mauldin, SC (2) (applications in parentheses).
| 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 | 59 |
| Total Mortgage Loan Application Amount | $12,758,000 |
| Average Mortgage Loan Application Amount | $216,237 |
| Highest Mortgage Loan Application Amount | $1,120,000 |
| Average Applicant Income | $163,644 |
| Highest Applicant Income | $1,175,000 |
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(HMDA) records Peach State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Gainesville, GA | 48 | $ 11,067,000 | $ 230,562 | $ 173,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 145,000 | $ 72,500 | $ 44,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 128,000 | $ 64,000 | $ 0 |
| Athens-Clarke County, GA | 1 | $ 640,000 | $ 640,000 | $ 185,000 |
Mortgage Loan Application Detail Totals for Peach State Bank & Trust in 2016
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 | 29 | $6,108,000 | $210,000 | $942,000 | $125,000 | $850,000 |
| Refinancing | 26 | $6,461,000 | $248,000 | $1,120,000 | $225,000 | $1,175,000 |
| Home Improvement | 4 | $189,000 | $47,000 | $135,000 | $45,000 | $86,000 |
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 | 38 | $6,704,000 | $176,000 | $942,000 | $233,000 | $1,175,000 |
| Not applicable | 18 | $4,932,000 | $274,000 | $1,120,000 | $0 | $0 |
| Black or African American | 2 | $1,002,000 | $501,000 | $660,000 | $351,000 | $650,000 |
| Hispanic | 1 | $120,000 | $120,000 | $120,000 | $97,000 | $97,000 |
| Native Hawaiin 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 |
| 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) | 59 | $12,758,000 | $216,000 | $1,120,000 | $164,000 | $1,175,000 |
| 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 | 51 | $11,238,000 | $220,000 | $1,120,000 | $165,000 | $1,175,000 |
| Application Denied By Financial Institution | 5 | $570,000 | $114,000 | $180,000 | $71,000 | $140,000 |
| Application Approved But Not Accepted | 2 | $836,000 | $418,000 | $660,000 | $422,000 | $650,000 |
| Application Withdrawn By Applicant | 1 | $114,000 | $114,000 | $114,000 | $62,000 | $62,000 |
| 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peach State Bank & Trust's 2016 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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