Planters Bank & Trust Company Mortgage Lending & HMDA Data, 2005
In 2005, Planters Bank & Trust Company of Staunton, VA reported 862 mortgage applications totaling $136.1 million, down 5% from 2004. The average application was for $157,932, and applicants reported an average income of $75,215. 82% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Lynchburg, VA (193), Roanoke, VA (38) and Harrisonburg, VA (27) (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 | 862 |
| Total Mortgage Loan Application Amount | $136,138,000 |
| Average Mortgage Loan Application Amount | $157,932 |
| Highest Mortgage Loan Application Amount | $3,868,000 |
| Average Applicant Income | $75,215 |
| Highest Applicant Income | $1,300,000 |
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records Planters Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 244 | $ 33,374,000 | $ 136,778 | $ 61,000 |
| Lynchburg, Virginia | 87 | $ 18,681,000 | $ 214,724 | $ 96,000 |
| Staunton, Virginia | 79 | $ 9,277,000 | $ 117,430 | $ 44,000 |
| Rockbridge, Virginia | 69 | $ 11,008,000 | $ 159,536 | $ 55,000 |
| Waynesboro, Virginia | 65 | $ 7,735,000 | $ 119,000 | $ 42,000 |
| Bedford, Virginia | 64 | $ 17,099,000 | $ 267,171 | $ 91,000 |
| Franklin, Virginia | 32 | $ 5,477,000 | $ 171,156 | $ 71,000 |
| Campbell, Virginia | 23 | $ 4,103,000 | $ 178,391 | $ 63,000 |
| Prince Edward, Virginia | 23 | $ 2,489,000 | $ 108,217 | $ 57,000 |
| Buena Vista, Virginia | 21 | $ 1,162,000 | $ 55,333 | $ 53,000 |
| Alleghany, Virginia | 20 | $ 1,119,000 | $ 55,950 | $ 69,000 |
| Rockingham, Virginia | 20 | $ 5,822,000 | $ 291,100 | $ 100,000 |
| Amherst, Virginia | 13 | $ 2,595,000 | $ 199,615 | $ 61,000 |
| Lexington, Virginia | 12 | $ 1,572,000 | $ 131,000 | $ 104,000 |
| Nelson, Virginia | 11 | $ 2,133,000 | $ 193,909 | $ 102,000 |
| Albemarle, Virginia | 8 | $ 1,360,000 | $ 170,000 | $ 67,000 |
| Harrisonburg, Virginia | 7 | $ 1,395,000 | $ 199,285 | $ 102,000 |
| Cumberland, Virginia | 6 | $ 776,000 | $ 129,333 | $ 51,000 |
| Covington, Virginia | 5 | $ 230,000 | $ 46,000 | $ 30,000 |
| Richmond City, Virginia | 4 | $ 1,079,000 | $ 269,750 | $ 97,000 |
| Roanoke, Virginia | 4 | $ 473,000 | $ 118,250 | $ 45,000 |
| Appomattox, Virginia | 3 | $ 370,000 | $ 123,333 | $ 54,000 |
| Bedford City, Virginia | 3 | $ 423,000 | $ 141,000 | $ 126,000 |
| Henrico, Virginia | 3 | $ 594,000 | $ 198,000 | $ 36,000 |
| Lafayette, Mississippi | 2 | $ 284,000 | $ 142,000 | $ 188,000 |
| Iredell, North Carolina | 2 | $ 400,000 | $ 200,000 | $ 249,000 |
| Bath, Virginia | 2 | $ 89,000 | $ 44,500 | $ 42,000 |
| Charlotte, Virginia | 2 | $ 163,000 | $ 81,500 | $ 29,000 |
| Charlottesville, Virginia | 2 | $ 408,000 | $ 204,000 | $ 180,000 |
| Highland, Virginia | 2 | $ 235,000 | $ 117,500 | $ 55,000 |
| Mecklenburg, Virginia | 2 | $ 340,000 | $ 170,000 | $ 82,000 |
| Nottoway, Virginia | 2 | $ 250,000 | $ 125,000 | $ 131,000 |
| Tazewell, Virginia | 2 | $ 52,000 | $ 26,000 | $ 48,000 |
| Baldwin, Alabama | 1 | $ 105,000 | $ 105,000 | $ 110,000 |
| Brunswick, North Carolina | 1 | $ 327,000 | $ 327,000 | $ 504,000 |
| Carteret, North Carolina | 1 | $ 420,000 | $ 420,000 | $ 198,000 |
| Mecklenburg, North Carolina | 1 | $ 156,000 | $ 156,000 | $ 50,000 |
| Pasquotank, North Carolina | 1 | $ 275,000 | $ 275,000 | $ 100,000 |
| Horry, South Carolina | 1 | $ 275,000 | $ 275,000 | $ 105,000 |
| Buckingham, Virginia | 1 | $ 73,000 | $ 73,000 | $ 31,000 |
| Chesterfield, Virginia | 1 | $ 50,000 | $ 50,000 | $ 750,000 |
| Culpeper, Virginia | 1 | $ 125,000 | $ 125,000 | $ 31,000 |
| Orange, Virginia | 1 | $ 162,000 | $ 162,000 | $ 61,000 |
| Powhatan, Virginia | 1 | $ 568,000 | $ 568,000 | $ 128,000 |
| Radford, Virginia | 1 | $ 111,000 | $ 111,000 | $ 44,000 |
| Roanoke City, Virginia | 1 | $ 90,000 | $ 90,000 | $ 144,000 |
| Russell, Virginia | 1 | $ 48,000 | $ 48,000 | $ 19,000 |
| Salem, Virginia | 1 | $ 25,000 | $ 25,000 | $ 58,000 |
| Shenandoah, Virginia | 1 | $ 221,000 | $ 221,000 | $ 40,000 |
| Winchester, Virginia | 1 | $ 480,000 | $ 480,000 | $ 222,000 |
| Greenbrier, West Virginia | 1 | $ 60,000 | $ 60,000 | $ 167,000 |
Mortgage Loan Application Detail Totals for Planters Bank & Trust Company in 2005
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 | 414 | $69,167,000 | $174,833 | $3,868,000 | $148,500 | $1,300,000 |
| Refinancing | 389 | $63,113,000 | $193,000 | $1,000,000 | $127,500 | $696,000 |
| Home Improvement | 59 | $3,858,000 | $65,000 | $350,000 | $46,000 | $156,000 |
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 | 798 | $122,263,000 | $191,600 | $1,400,000 | $148,400 | $1,300,000 |
| Black or African American | 23 | $2,496,000 | $85,000 | $338,000 | $111,500 | $167,000 |
| Not applicable | 19 | $7,924,000 | $417,000 | $3,868,000 | $0 | $0 |
| Not Provided | 13 | $2,205,000 | $169,000 | $348,000 | $67,000 | $203,000 |
| Hispanic | 4 | $480,000 | $120,000 | $160,000 | $61,000 | $71,000 |
| Asian | 4 | $719,000 | $171,500 | $290,000 | $98,000 | $183,000 |
| American Indian or Alaskan Native | 1 | $51,000 | $51,000 | $51,000 | $26,000 | $26,000 |
| 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) | 834 | $133,098,000 | $167,166 | $3,868,000 | $144,000 | $1,300,000 |
| FHA-insured (Federal Housing Administration) | 23 | $2,251,000 | $97,000 | $162,000 | $44,000 | $103,000 |
| VA-guaranteed (Veterans Administration) | 4 | $725,000 | $181,000 | $296,000 | $69,000 | $142,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $64,000 | $64,000 | $64,000 | $38,000 | $38,000 |
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 | 707 | $113,060,000 | $172,500 | $3,868,000 | $134,000 | $750,000 |
| Application Approved But Not Accepted | 74 | $11,369,000 | $147,500 | $604,000 | $157,500 | $1,300,000 |
| Application Withdrawn By Applicant | 56 | $9,221,000 | $181,500 | $1,000,000 | $154,500 | $371,000 |
| Application Denied By Financial Institution | 25 | $2,488,000 | $99,000 | $400,000 | $56,000 | $132,000 |
| 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 | 15 | $1,073,000 | $71,000 | $135,000 | $54,000 | $130,000 |
| Debt-To-Income Ratio | 8 | $867,000 | $108,000 | $379,000 | $48,000 | $132,000 |
| Collateral | 1 | $148,000 | $148,000 | $148,000 | $51,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $400,000 | $400,000 | $400,000 | $132,000 | $132,000 |
| 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 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Planters Bank & Trust Company's 2005 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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