Peoples Bank & Trust Co Mortgage Lending & HMDA Data, 2005
In 2005, Peoples Bank & Trust Co of Selma, AL reported 904 mortgage applications totaling $47.5 million, up 28% from 2004. The average application was for $52,598, and applicants reported an average income of $54,077. 70% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Montgomery, AL (235), Auburn-Opelika, AL (105) and Birmingham-Hoover, AL (92) (applications in parentheses).
| Mortgage Company & Address | Peoples Bank & Trust Co 310 Broad Street Selma, AL 36701 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 904 |
| Total Mortgage Loan Application Amount | $47,549,000 |
| Average Mortgage Loan Application Amount | $52,598 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $54,077 |
| Highest Applicant Income | $1,902,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peoples Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dallas, Alabama | 158 | $ 5,820,000 | $ 36,835 | $ 48,000 |
| Butler, Alabama | 140 | $ 4,900,000 | $ 35,000 | $ 38,000 |
| Autauga, Alabama | 107 | $ 5,866,000 | $ 54,822 | $ 42,000 |
| Lee, Alabama | 105 | $ 4,871,000 | $ 46,390 | $ 56,000 |
| Elmore, Alabama | 103 | $ 3,749,000 | $ 36,398 | $ 53,000 |
| Shelby, Alabama | 38 | $ 3,540,000 | $ 93,157 | $ 56,000 |
| Tallapoosa, Alabama | 38 | $ 1,944,000 | $ 51,157 | $ 62,000 |
| Bibb, Alabama | 33 | $ 1,313,000 | $ 39,787 | $ 35,000 |
| Crenshaw, Alabama | 16 | $ 903,000 | $ 56,437 | $ 36,000 |
| Montgomery, Alabama | 16 | $ 1,564,000 | $ 97,750 | $ 58,000 |
| Tuscaloosa, Alabama | 12 | $ 1,552,000 | $ 129,333 | $ 122,000 |
| Chambers, Alabama | 11 | $ 388,000 | $ 35,272 | $ 60,000 |
| Chilton, Alabama | 10 | $ 548,000 | $ 54,800 | $ 57,000 |
| Jefferson, Alabama | 10 | $ 3,800,000 | $ 380,000 | $ 146,000 |
| Macon, Alabama | 10 | $ 450,000 | $ 45,000 | $ 41,000 |
| Lowndes, Alabama | 9 | $ 429,000 | $ 47,666 | $ 31,000 |
| Wilcox, Alabama | 9 | $ 298,000 | $ 33,111 | $ 36,000 |
| Covington, Alabama | 8 | $ 422,000 | $ 52,750 | $ 38,000 |
| Conecuh, Alabama | 6 | $ 213,000 | $ 35,500 | $ 85,000 |
| Russell, Alabama | 6 | $ 199,000 | $ 33,166 | $ 42,000 |
| Baldwin, Alabama | 5 | $ 664,000 | $ 132,800 | $ 76,000 |
| Perry, Alabama | 5 | $ 230,000 | $ 46,000 | $ 42,000 |
| Pike, Alabama | 3 | $ 191,000 | $ 63,666 | $ 41,000 |
| Escambia, Alabama | 2 | $ 56,000 | $ 28,000 | $ 104,000 |
| Monroe, Alabama | 2 | $ 19,000 | $ 9,500 | $ 72,000 |
| Randolph, Alabama | 2 | $ 318,000 | $ 159,000 | $ 142,000 |
| Talladega, Alabama | 2 | $ 70,000 | $ 35,000 | $ 40,000 |
| Chattahoochee, Georgia | 2 | $ 60,000 | $ 30,000 | $ 43,000 |
| Troup, Georgia | 2 | $ 37,000 | $ 18,500 | $ 52,000 |
| Bullock, Alabama | 1 | $ 128,000 | $ 128,000 | $ 61,000 |
| Coffee, Alabama | 1 | $ 40,000 | $ 40,000 | $ 76,000 |
| Hale, Alabama | 1 | $ 1,000 | $ 1,000 | $ 9,000 |
| Marengo, Alabama | 1 | $ 10,000 | $ 10,000 | $ 63,000 |
| Pickens, Alabama | 1 | $ 55,000 | $ 55,000 | $ 40,000 |
| Walker, Alabama | 1 | $ 6,000 | $ 6,000 | $ 142,000 |
| Alachua, Florida | 1 | $ 155,000 | $ 155,000 | $ 31,000 |
| Escambia, Florida | 1 | $ 30,000 | $ 30,000 | $ 75,000 |
| Okaloosa, Florida | 1 | $ 125,000 | $ 125,000 | $ 1,074,000 |
| Douglas, Georgia | 1 | $ 257,000 | $ 257,000 | $ 0 |
| Muscogee, Georgia | 1 | $ 18,000 | $ 18,000 | $ 9,000 |
Mortgage Loan Application Detail Totals for Peoples Bank & Trust Co in 2005
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 | 471 | $28,949,000 | $73,000 | $360,000 | $39,000 | $1,902,000 |
| Home Improvement | 284 | $2,443,000 | $66,500 | $125,000 | $560,500 | $1,074,000 |
| Refinancing | 149 | $16,157,000 | $112,333 | $2,000,000 | $56,333 | $432,000 |
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 | 652 | $37,197,000 | $73,750 | $2,000,000 | $137,250 | $1,902,000 |
| Black or African American | 198 | $5,826,000 | $47,000 | $252,000 | $26,333 | $255,000 |
| Hispanic | 16 | $917,000 | $60,000 | $232,000 | $40,500 | $156,000 |
| Not Provided | 16 | $1,708,000 | $103,500 | $326,000 | $50,500 | $169,000 |
| Not applicable | 13 | $1,508,000 | $180,500 | $865,000 | $19,000 | $538,000 |
| American Indian or Alaskan Native | 5 | $358,000 | $71,000 | $190,000 | $48,000 | $135,000 |
| Asian | 4 | $35,000 | $8,000 | $25,000 | $44,000 | $84,000 |
| 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) | 897 | $46,824,000 | $78,750 | $2,000,000 | $127,250 | $1,902,000 |
| FHA-insured (Federal Housing Administration) | 5 | $423,000 | $77,000 | $128,000 | $32,000 | $53,000 |
| VA-guaranteed (Veterans Administration) | 2 | $302,000 | $151,000 | $165,000 | $55,500 | $57,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 633 | $30,880,000 | $73,666 | $865,000 | $163,333 | $1,902,000 |
| Application Denied By Financial Institution | 174 | $6,273,000 | $45,000 | $330,000 | $26,000 | $286,000 |
| Application Approved But Not Accepted | 50 | $7,184,000 | $133,000 | $2,000,000 | $56,000 | $432,000 |
| Application Withdrawn By Applicant | 36 | $2,391,000 | $68,500 | $205,000 | $36,000 | $134,000 |
| File Closed For Incompleteness | 11 | $821,000 | $90,500 | $160,000 | $34,500 | $57,000 |
| 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 | 117 | $3,319,000 | $54,500 | $223,000 | $30,000 | $103,000 |
| Debt-To-Income Ratio | 41 | $2,072,000 | $34,500 | $330,000 | $24,000 | $142,000 |
| Employment History | 8 | $369,000 | $60,500 | $97,000 | $51,500 | $286,000 |
| Collateral | 5 | $410,000 | $82,000 | $290,000 | $49,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $75,000 | $37,000 | $65,000 | $29,000 | $34,000 |
| Other | 1 | $28,000 | $28,000 | $28,000 | $96,000 | $96,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peoples Bank & Trust Co's 2005 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 Peoples Bank & Trust Co'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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