Planters Bank & Trust Company Mortgage Lending & HMDA Data, 2007
In 2007, Planters Bank & Trust Company of Staunton, VA reported 825 mortgage applications totaling $127.3 million, down 23% from 2006. The average application was for $154,315, and applicants reported an average income of $90,846. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Harrisonburg, VA (147), Lynchburg, VA (102) and Roanoke, VA (40) (applications in parentheses).
| Mortgage Company & Address | Planters Bank & Trust Company 24 South Augusta Street Staunton, VA 24402 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 825 |
| Total Mortgage Loan Application Amount | $127,310,000 |
| Average Mortgage Loan Application Amount | $154,315 |
| Highest Mortgage Loan Application Amount | $1,796,000 |
| Average Applicant Income | $90,846 |
| Highest Applicant Income | $1,081,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Planters Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Augusta, Virginia | 194 | $ 26,378,000 | $ 135,969 | $ 68,000 |
| Staunton, Virginia | 89 | $ 10,368,000 | $ 116,494 | $ 95,000 |
| Rockingham, Virginia | 84 | $ 15,559,000 | $ 185,226 | $ 83,000 |
| Harrisonburg, Virginia | 63 | $ 10,081,000 | $ 160,015 | $ 130,000 |
| Bedford, Virginia | 51 | $ 13,204,000 | $ 258,901 | $ 124,000 |
| Rockbridge, Virginia | 40 | $ 5,724,000 | $ 143,100 | $ 86,000 |
| Shenandoah, Virginia | 40 | $ 4,698,000 | $ 117,450 | $ 66,000 |
| Waynesboro, Virginia | 39 | $ 5,007,000 | $ 128,384 | $ 146,000 |
| Franklin, Virginia | 37 | $ 5,810,000 | $ 157,027 | $ 78,000 |
| Lynchburg, Virginia | 30 | $ 4,093,000 | $ 136,433 | $ 79,000 |
| Prince Edward, Virginia | 26 | $ 3,787,000 | $ 145,653 | $ 41,000 |
| Buena Vista, Virginia | 13 | $ 1,256,000 | $ 96,615 | $ 66,000 |
| Nelson, Virginia | 11 | $ 3,044,000 | $ 276,727 | $ 222,000 |
| Alleghany, Virginia | 10 | $ 569,000 | $ 56,900 | $ 60,000 |
| Amherst, Virginia | 9 | $ 1,347,000 | $ 149,666 | $ 138,000 |
| Campbell, Virginia | 9 | $ 1,685,000 | $ 187,222 | $ 81,000 |
| Lexington, Virginia | 8 | $ 916,000 | $ 114,500 | $ 98,000 |
| Covington, Virginia | 7 | $ 159,000 | $ 22,714 | $ 57,000 |
| Albemarle, Virginia | 5 | $ 1,814,000 | $ 362,800 | $ 122,000 |
| Cumberland, Virginia | 5 | $ 991,000 | $ 198,200 | $ 130,000 |
| Page, Virginia | 5 | $ 767,000 | $ 153,400 | $ 54,000 |
| Highland, Virginia | 4 | $ 1,332,000 | $ 333,000 | $ 105,000 |
| Orange, Virginia | 4 | $ 564,000 | $ 141,000 | $ 48,000 |
| Appomattox, Virginia | 3 | $ 468,000 | $ 156,000 | $ 100,000 |
| Bath, Virginia | 3 | $ 279,000 | $ 93,000 | $ 144,000 |
| Culpeper, Virginia | 3 | $ 459,000 | $ 153,000 | $ 37,000 |
| Madison, Virginia | 3 | $ 540,000 | $ 180,000 | $ 45,000 |
| Richmond City, Virginia | 3 | $ 834,000 | $ 278,000 | $ 118,000 |
| Washington, Maryland | 2 | $ 785,000 | $ 392,500 | $ 200,000 |
| Floyd, Virginia | 2 | $ 639,000 | $ 319,500 | $ 391,000 |
| Frederick, Virginia | 2 | $ 181,000 | $ 90,500 | $ 63,000 |
| Sarasota, Florida | 1 | $ 274,000 | $ 274,000 | $ 174,000 |
| Frederick, Maryland | 1 | $ 190,000 | $ 190,000 | $ 264,000 |
| Carteret, North Carolina | 1 | $ 417,000 | $ 417,000 | $ 170,000 |
| Dare, North Carolina | 1 | $ 228,000 | $ 228,000 | $ 136,000 |
| Guilford, North Carolina | 1 | $ 154,000 | $ 154,000 | $ 375,000 |
| Botetourt, Virginia | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Charlotte, Virginia | 1 | $ 142,000 | $ 142,000 | $ 95,000 |
| Chesterfield, Virginia | 1 | $ 216,000 | $ 216,000 | $ 186,000 |
| Fairfax, Virginia | 1 | $ 350,000 | $ 350,000 | $ 103,000 |
| Galax, Virginia | 1 | $ 8,000 | $ 8,000 | $ 28,000 |
| Greene, Virginia | 1 | $ 150,000 | $ 150,000 | $ 64,000 |
| Hampton, Virginia | 1 | $ 94,000 | $ 94,000 | $ 41,000 |
| Montgomery, Virginia | 1 | $ 289,000 | $ 289,000 | $ 0 |
| Roanoke, Virginia | 1 | $ 61,000 | $ 61,000 | $ 67,000 |
| Roanoke City, Virginia | 1 | $ 208,000 | $ 208,000 | $ 95,000 |
| Westmoreland, Virginia | 1 | $ 177,000 | $ 177,000 | $ 91,000 |
| Winchester, Virginia | 1 | $ 334,000 | $ 334,000 | $ 93,000 |
| Fayette, West Virginia | 1 | $ 40,000 | $ 40,000 | $ 0 |
| Greenbrier, West Virginia | 1 | $ 17,000 | $ 17,000 | $ 53,000 |
Mortgage Loan Application Detail Totals for Planters Bank & Trust Company in 2007
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 |
|---|---|---|---|---|---|---|
| Refinancing | 446 | $70,398,000 | $157,000 | $1,796,000 | $84,000 | $630,000 |
| Home Purchase | 310 | $51,905,000 | $167,000 | $1,100,000 | $104,000 | $1,081,000 |
| Home Improvement | 69 | $5,007,000 | $72,000 | $387,000 | $76,000 | $360,000 |
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 | 720 | $109,025,000 | $151,000 | $1,796,000 | $97,000 | $1,081,000 |
| Not Provided | 37 | $5,641,000 | $152,000 | $387,000 | $81,000 | $547,000 |
| Not applicable | 29 | $8,203,000 | $282,000 | $1,106,000 | $0 | $0 |
| Black or African American | 18 | $1,891,000 | $105,000 | $280,000 | $53,000 | $100,000 |
| Hispanic | 16 | $1,673,000 | $104,000 | $248,000 | $56,000 | $120,000 |
| Asian | 4 | $502,000 | $125,000 | $312,000 | $37,000 | $63,000 |
| American Indian or Alaskan Native | 1 | $375,000 | $375,000 | $375,000 | $78,000 | $78,000 |
| 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) | 794 | $122,015,000 | $153,000 | $1,796,000 | $92,000 | $1,081,000 |
| FHA-insured (Federal Housing Administration) | 20 | $3,212,000 | $160,000 | $217,000 | $72,000 | $181,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,130,000 | $188,000 | $269,000 | $67,000 | $103,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $953,000 | $190,000 | $232,000 | $44,000 | $55,000 |
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 | 695 | $102,331,000 | $147,000 | $1,106,000 | $93,000 | $1,081,000 |
| Application Approved But Not Accepted | 64 | $13,180,000 | $205,000 | $470,000 | $80,000 | $490,000 |
| Application Denied By Financial Institution | 33 | $4,197,000 | $127,000 | $400,000 | $52,000 | $159,000 |
| Application Withdrawn By Applicant | 33 | $7,602,000 | $230,000 | $1,796,000 | $120,000 | $686,000 |
| 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 | 18 | $2,087,000 | $115,000 | $353,000 | $39,000 | $104,000 |
| Debt-To-Income Ratio | 8 | $955,000 | $119,000 | $359,000 | $69,000 | $137,000 |
| Collateral | 4 | $949,000 | $237,000 | $400,000 | $100,000 | $159,000 |
| Employment History | 1 | $130,000 | $130,000 | $130,000 | $34,000 | $34,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Planters Bank & Trust Company's 2007 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 Planters Bank & Trust Company'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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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