Peoples Bank & Trust Co Mortgage Lending & HMDA Data, 2003
In 2003, Peoples Bank & Trust Co of Selma, AL reported 629 mortgage applications totaling $28.1 million. The average application was for $44,639, and applicants reported an average income of $55,920. 57% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Montgomery, AL (132), Auburn-Opelika, AL (65) and Tuscaloosa, AL (28) (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 | 629 |
| Total Mortgage Loan Application Amount | $28,078,000 |
| Average Mortgage Loan Application Amount | $44,639 |
| Highest Mortgage Loan Application Amount | $578,000 |
| Average Applicant Income | $55,920 |
| Highest Applicant Income | $811,000 |
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(HMDA) records Peoples Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Peoples Bank & Trust Co in 2003
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 Improvement (one-to-four family) | 260 | $2,086,000 | $6,000 | $200,000 | $28,500 | $524,000 |
| Home Purchase (one-to-four family) | 217 | $13,495,000 | $84,250 | $578,000 | $111,750 | $625,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 152 | $12,497,000 | $82,000 | $490,000 | $71,000 | $811,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 422 | $20,285,000 | $65,500 | $490,000 | $106,000 | $625,000 |
| Black | 167 | $4,097,000 | $24,000 | $495,000 | $48,000 | $546,000 |
| Not applicable | 20 | $1,637,000 | $81,000 | $578,000 | $40,000 | $219,000 |
| Information not provided by applicant in mail or telephone application | 11 | $940,000 | $76,000 | $275,000 | $84,000 | $811,000 |
| Hispanic | 5 | $507,000 | $101,000 | $275,000 | $80,000 | $148,000 |
| American Indian or Alaskan Native | 2 | $58,000 | $29,000 | $56,000 | $24,000 | $30,000 |
| Asian or Pacific Islander | 2 | $554,000 | $277,000 | $450,000 | $149,000 | $298,000 |
| Other | 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) | 619 | $27,206,000 | $64,600 | $578,000 | $92,200 | $811,000 |
| FHA-insured (Federal Housing Administration) | 5 | $463,000 | $92,000 | $130,000 | $57,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 5 | $409,000 | $81,000 | $130,000 | $45,000 | $55,000 |
| 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 | 356 | $12,842,000 | $70,000 | $578,000 | $193,500 | $625,000 |
| Application Denied By Financial Institution | 192 | $7,456,000 | $35,666 | $358,000 | $30,666 | $133,000 |
| Application Approved But Not Accepted | 61 | $5,970,000 | $101,500 | $385,000 | $61,000 | $811,000 |
| Application Withdrawn By Applicant | 17 | $1,669,000 | $98,000 | $275,000 | $68,000 | $148,000 |
| File Closed For Incompleteness | 3 | $141,000 | $47,000 | $100,000 | $44,000 | $79,000 |
| Loan Purchased By The 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 | 102 | $2,789,000 | $15,500 | $191,000 | $27,000 | $104,000 |
| Debt-To-Income Ratio | 65 | $3,330,000 | $58,000 | $358,000 | $37,500 | $119,000 |
| Collateral | 14 | $1,089,000 | $77,000 | $275,000 | $52,000 | $115,000 |
| Employment History | 7 | $61,000 | $8,000 | $22,000 | $49,000 | $133,000 |
| Other | 2 | $134,000 | $67,000 | $130,000 | $43,000 | $55,000 |
| Unverifiable Information | 1 | $44,000 | $44,000 | $44,000 | $45,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $9,000 | $9,000 | $9,000 | $29,000 | $29,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peoples Bank & Trust Co's 2003 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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