Planters Bank & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, Planters Bank & Trust Company of Staunton, VA reported 912 mortgage applications totaling $128.5 million. The average application was for $140,913, and applicants reported an average income of $66,986. 90% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Lynchburg, VA (199), Roanoke, VA (71) and Harrisonburg, VA (58) (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 | 912 |
| Total Mortgage Loan Application Amount | $128,513,000 |
| Average Mortgage Loan Application Amount | $140,913 |
| Highest Mortgage Loan Application Amount | $2,750,000 |
| Average Applicant Income | $66,986 |
| Highest Applicant Income | $702,000 |
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records Planters Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 233 | $ 27,815,000 | $ 119,377 | $ 57,000 |
| Lynchburg, Virginia | 86 | $ 22,030,000 | $ 256,162 | $ 96,000 |
| Staunton, Virginia | 78 | $ 9,013,000 | $ 115,551 | $ 51,000 |
| Bedford, Virginia | 77 | $ 14,983,000 | $ 194,584 | $ 75,000 |
| Franklin, Virginia | 67 | $ 7,525,000 | $ 112,313 | $ 69,000 |
| Rockbridge, Virginia | 62 | $ 8,283,000 | $ 133,596 | $ 77,000 |
| Waynesboro, Virginia | 60 | $ 7,363,000 | $ 122,716 | $ 97,000 |
| Rockingham, Virginia | 37 | $ 5,211,000 | $ 140,837 | $ 68,000 |
| Alleghany, Virginia | 26 | $ 1,323,000 | $ 50,884 | $ 52,000 |
| Covington, Virginia | 21 | $ 757,000 | $ 36,047 | $ 42,000 |
| Harrisonburg, Virginia | 21 | $ 2,577,000 | $ 122,714 | $ 51,000 |
| Campbell, Virginia | 20 | $ 5,448,000 | $ 272,400 | $ 70,000 |
| Tazewell, Virginia | 19 | $ 1,196,000 | $ 62,947 | $ 56,000 |
| Amherst, Virginia | 13 | $ 1,990,000 | $ 153,076 | $ 60,000 |
| Buena Vista, Virginia | 13 | $ 1,452,000 | $ 111,692 | $ 50,000 |
| Lexington, Virginia | 11 | $ 1,924,000 | $ 174,909 | $ 104,000 |
| Nelson, Virginia | 10 | $ 1,270,000 | $ 127,000 | $ 78,000 |
| Albemarle, Virginia | 7 | $ 1,553,000 | $ 221,857 | $ 95,000 |
| Prince Edward, Virginia | 4 | $ 224,000 | $ 56,000 | $ 38,000 |
| Charlotte, Virginia | 3 | $ 270,000 | $ 90,000 | $ 43,000 |
| Page, Virginia | 3 | $ 281,000 | $ 93,666 | $ 55,000 |
| Palm Beach, Florida | 2 | $ 348,000 | $ 174,000 | $ 91,000 |
| Bedford City, Virginia | 2 | $ 239,000 | $ 119,500 | $ 59,000 |
| Buchanan, Virginia | 2 | $ 81,000 | $ 40,500 | $ 66,000 |
| Cumberland, Virginia | 2 | $ 147,000 | $ 73,500 | $ 31,000 |
| Fairfax, Virginia | 2 | $ 576,000 | $ 288,000 | $ 65,000 |
| Fluvanna, Virginia | 2 | $ 289,000 | $ 144,500 | $ 73,000 |
| Frederick, Virginia | 2 | $ 483,000 | $ 241,500 | $ 57,000 |
| Highland, Virginia | 2 | $ 266,000 | $ 133,000 | $ 98,000 |
| Russell, Virginia | 2 | $ 60,000 | $ 30,000 | $ 27,000 |
| Orange, Florida | 1 | $ 127,000 | $ 127,000 | $ 31,000 |
| Brunswick, North Carolina | 1 | $ 146,000 | $ 146,000 | $ 57,000 |
| Dare, North Carolina | 1 | $ 161,000 | $ 161,000 | $ 72,000 |
| Watauga, North Carolina | 1 | $ 230,000 | $ 230,000 | $ 194,000 |
| Charleston, South Carolina | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Horry, South Carolina | 1 | $ 36,000 | $ 36,000 | $ 36,000 |
| Appomattox, Virginia | 1 | $ 340,000 | $ 340,000 | $ 101,000 |
| Bath, Virginia | 1 | $ 102,000 | $ 102,000 | $ 23,000 |
| Botetourt, Virginia | 1 | $ 93,000 | $ 93,000 | $ 20,000 |
| Craig, Virginia | 1 | $ 77,000 | $ 77,000 | $ 33,000 |
| Culpeper, Virginia | 1 | $ 135,000 | $ 135,000 | $ 29,000 |
| Halifax, Virginia | 1 | $ 176,000 | $ 176,000 | $ 41,000 |
| Hanover, Virginia | 1 | $ 75,000 | $ 75,000 | $ 20,000 |
| Henrico, Virginia | 1 | $ 160,000 | $ 160,000 | $ 49,000 |
| Madison, Virginia | 1 | $ 142,000 | $ 142,000 | $ 35,000 |
| Montgomery, Virginia | 1 | $ 123,000 | $ 123,000 | $ 124,000 |
| Pittsylvania, Virginia | 1 | $ 109,000 | $ 109,000 | $ 53,000 |
| Prince William, Virginia | 1 | $ 127,000 | $ 127,000 | $ 78,000 |
| Richmond City, Virginia | 1 | $ 120,000 | $ 120,000 | $ 83,000 |
| Roanoke City, Virginia | 1 | $ 240,000 | $ 240,000 | $ 210,000 |
| Salem, Virginia | 1 | $ 69,000 | $ 69,000 | $ 30,000 |
| Shenandoah, Virginia | 1 | $ 82,000 | $ 82,000 | $ 50,000 |
| Winchester, Virginia | 1 | $ 151,000 | $ 151,000 | $ 101,000 |
Mortgage Loan Application Detail Totals for Planters Bank & Trust Company 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 |
|---|---|---|---|---|---|---|
| Refinancing | 438 | $64,978,000 | $142,666 | $2,750,000 | $52,000 | $702,000 |
| Home Purchase | 384 | $55,779,000 | $205,750 | $850,000 | $94,250 | $695,000 |
| Home Improvement | 90 | $7,756,000 | $86,000 | $328,000 | $66,000 | $300,000 |
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 | 840 | $109,376,000 | $125,750 | $1,000,000 | $71,500 | $702,000 |
| Not applicable | 22 | $13,533,000 | $567,000 | $2,750,000 | $0 | $0 |
| Black or African American | 20 | $1,481,000 | $74,000 | $207,000 | $51,000 | $99,000 |
| Not Provided | 19 | $2,838,000 | $149,000 | $300,000 | $78,000 | $265,000 |
| Asian | 7 | $796,000 | $113,000 | $220,000 | $55,000 | $85,000 |
| Hispanic | 3 | $471,000 | $157,000 | $240,000 | $44,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $18,000 | $18,000 | $18,000 | $62,000 | $62,000 |
| American Indian or Alaskan Native | 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) | 886 | $125,036,000 | $188,000 | $2,750,000 | $66,000 | $702,000 |
| FHA-insured (Federal Housing Administration) | 14 | $1,608,000 | $114,000 | $163,000 | $60,000 | $202,000 |
| VA-guaranteed (Veterans Administration) | 11 | $1,747,000 | $158,000 | $240,000 | $67,000 | $135,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $122,000 | $122,000 | $122,000 | $55,000 | $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 | 821 | $115,486,000 | $183,750 | $2,750,000 | $63,000 | $702,000 |
| Application Approved But Not Accepted | 34 | $5,078,000 | $170,000 | $830,000 | $85,500 | $195,000 |
| Application Withdrawn By Applicant | 31 | $5,564,000 | $179,000 | $600,000 | $98,000 | $695,000 |
| Application Denied By Financial Institution | 26 | $2,385,000 | $91,000 | $210,000 | $38,000 | $80,000 |
| 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 | 14 | $1,405,000 | $100,000 | $210,000 | $39,000 | $70,000 |
| Debt-To-Income Ratio | 7 | $453,000 | $64,000 | $105,000 | $33,000 | $80,000 |
| Employment History | 2 | $273,000 | $136,000 | $139,000 | $36,000 | $37,000 |
| Collateral | 2 | $144,000 | $72,000 | $120,000 | $45,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $110,000 | $110,000 | $110,000 | $32,000 | $32,000 |
| 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 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 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.
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