Peoples Bank & Trust Co Mortgage Lending & HMDA Data, 2006
In 2006, Peoples Bank & Trust Co of Selma, AL reported 704 mortgage applications totaling $46.3 million, down 22% from 2005. The average application was for $65,752, and applicants reported an average income of $55,522. 72% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Montgomery, AL (173), Auburn-Opelika, AL (94) and Birmingham-Hoover, AL (59) (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 | 704 |
| Total Mortgage Loan Application Amount | $46,290,000 |
| Average Mortgage Loan Application Amount | $65,752 |
| Highest Mortgage Loan Application Amount | $15,759,000 |
| Average Applicant Income | $55,522 |
| Highest Applicant Income | $1,107,000 |
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(HMDA) records Peoples Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery, AL | 173 | $ 5,788,000 | $ 33,456 | $ 48,000 |
| Auburn-Opelika, AL | 94 | $ 19,784,000 | $ 210,468 | $ 73,000 |
| Birmingham-Hoover, AL | 59 | $ 4,212,000 | $ 71,389 | $ 61,000 |
| Tuscaloosa, AL | 21 | $ 1,500,000 | $ 71,428 | $ 118,000 |
| Columbus, GA-AL | 6 | $ 254,000 | $ 42,333 | $ 76,333 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 4,000 | $ 4,000 | $ 12,000 |
| Dothan, AL | 1 | $ 62,000 | $ 62,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for Peoples Bank & Trust Co in 2006
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 | 353 | $32,649,000 | $92,000 | $15,759,000 | $59,000 | $394,000 |
| Home Improvement | 263 | $2,985,000 | $11,000 | $210,000 | $43,000 | $237,000 |
| Refinancing | 88 | $10,656,000 | $121,000 | $3,260,000 | $79,000 | $1,107,000 |
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 | 486 | $19,154,000 | $39,000 | $560,000 | $62,000 | $1,107,000 |
| Black or African American | 171 | $3,963,000 | $23,000 | $230,000 | $41,000 | $438,000 |
| Not Provided | 18 | $570,000 | $31,000 | $75,000 | $58,000 | $267,000 |
| Not applicable | 16 | $21,930,000 | $1,370,000 | $15,759,000 | $16,000 | $267,000 |
| Hispanic | 6 | $216,000 | $36,000 | $117,000 | $45,000 | $72,000 |
| American Indian or Alaskan Native | 4 | $154,000 | $38,000 | $104,000 | $46,000 | $74,000 |
| Asian | 2 | $301,000 | $150,000 | $267,000 | $150,000 | $252,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $2,000 | $2,000 | $2,000 | $27,000 | $27,000 |
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) | 704 | $46,290,000 | $65,000 | $15,759,000 | $56,000 | $1,107,000 |
| 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 | 510 | $39,936,000 | $78,000 | $15,759,000 | $63,000 | $1,107,000 |
| Application Denied By Financial Institution | 158 | $4,475,000 | $28,000 | $202,000 | $33,000 | $112,000 |
| Application Approved But Not Accepted | 19 | $1,185,000 | $62,000 | $267,000 | $69,000 | $252,000 |
| Application Withdrawn By Applicant | 17 | $694,000 | $40,000 | $210,000 | $33,000 | $100,000 |
| 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 | 113 | $2,650,000 | $23,000 | $100,000 | $31,000 | $105,000 |
| Debt-To-Income Ratio | 27 | $1,252,000 | $46,000 | $202,000 | $40,000 | $96,000 |
| Employment History | 12 | $345,000 | $28,000 | $117,000 | $33,000 | $112,000 |
| Collateral | 4 | $159,000 | $39,000 | $64,000 | $32,000 | $38,000 |
| Other | 2 | $69,000 | $34,000 | $66,000 | $47,000 | $54,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Peoples Bank & Trust Co's 2006 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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