Peoples Bank & Trust Co Mortgage Lending & HMDA Data, 2004
In 2004, Peoples Bank & Trust Co of Selma, AL reported 709 mortgage applications totaling $42.5 million, up 13% from 2003. The average application was for $59,880, and applicants reported an average income of $50,427. 69% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Montgomery, AL (164), Birmingham-Hoover, AL (77) and Auburn-Opelika, AL (50) (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 | 709 |
| Total Mortgage Loan Application Amount | $42,455,000 |
| Average Mortgage Loan Application Amount | $59,880 |
| Highest Mortgage Loan Application Amount | $1,075,000 |
| Average Applicant Income | $50,427 |
| Highest Applicant Income | $1,068,000 |
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(HMDA) records Peoples Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 293 | $21,036,000 | $90,400 | $1,000,000 | $82,200 | $443,000 |
| Home Improvement | 253 | $2,475,000 | $10,500 | $200,000 | $155,000 | $616,000 |
| Refinancing | 163 | $18,944,000 | $123,000 | $1,075,000 | $57,000 | $1,068,000 |
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 | 512 | $34,031,000 | $89,000 | $1,000,000 | $91,000 | $1,068,000 |
| Black or African American | 159 | $3,547,000 | $36,000 | $193,000 | $33,000 | $177,000 |
| Not applicable | 15 | $3,232,000 | $215,000 | $1,075,000 | $10,000 | $135,000 |
| Hispanic | 10 | $776,000 | $77,000 | $220,000 | $64,000 | $244,000 |
| Not Provided | 7 | $315,000 | $45,000 | $85,000 | $58,000 | $100,000 |
| Asian | 5 | $551,000 | $110,000 | $210,000 | $84,000 | $150,000 |
| American Indian or Alaskan Native | 1 | $3,000 | $3,000 | $3,000 | $55,000 | $55,000 |
| 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) | 698 | $41,715,000 | $85,400 | $1,075,000 | $90,600 | $1,068,000 |
| FHA-insured (Federal Housing Administration) | 8 | $587,000 | $76,500 | $135,000 | $38,000 | $68,000 |
| VA-guaranteed (Veterans Administration) | 2 | $115,000 | $57,500 | $60,000 | $38,500 | $58,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $38,000 | $38,000 | $38,000 | $29,000 | $29,000 |
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 | 487 | $29,745,000 | $87,250 | $1,075,000 | $110,500 | $1,068,000 |
| Application Denied By Financial Institution | 150 | $5,305,000 | $49,333 | $239,000 | $42,000 | $167,000 |
| Application Withdrawn By Applicant | 33 | $2,860,000 | $109,000 | $330,000 | $35,000 | $143,000 |
| Application Approved But Not Accepted | 29 | $3,584,000 | $104,500 | $400,000 | $43,500 | $202,000 |
| Preapproval Approved but not Accepted | 6 | $662,000 | $110,000 | $250,000 | $41,000 | $96,000 |
| Preapproval Denied by Financial Institution | 2 | $110,000 | $55,000 | $60,000 | $23,000 | $27,000 |
| File Closed For Incompleteness | 2 | $189,000 | $94,000 | $128,000 | $37,000 | $54,000 |
| 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 | 111 | $3,348,000 | $42,333 | $193,000 | $38,666 | $167,000 |
| Debt-To-Income Ratio | 25 | $1,268,000 | $91,000 | $208,000 | $42,500 | $96,000 |
| Collateral | 10 | $386,000 | $38,000 | $95,000 | $34,000 | $55,000 |
| Employment History | 3 | $264,000 | $88,000 | $239,000 | $47,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $93,000 | $93,000 | $93,000 | $101,000 | $101,000 |
| Other | 1 | $45,000 | $45,000 | $45,000 | $34,000 | $34,000 |
| Unverifiable Information | 1 | $11,000 | $11,000 | $11,000 | $40,000 | $40,000 |
| 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 2004 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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