Planters Bank & Trust Company Mortgage Lending & HMDA Data, 2006
In 2006, Planters Bank & Trust Company of Staunton, VA reported 1,069 mortgage applications totaling $154.6 million, up 24% from 2005. The average application was for $144,618, and applicants reported an average income of $70,950. 80% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Lynchburg, VA (151), Harrisonburg, VA (119) and Roanoke, 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 | 1,069 |
| Total Mortgage Loan Application Amount | $154,597,000 |
| Average Mortgage Loan Application Amount | $144,618 |
| Highest Mortgage Loan Application Amount | $2,350,000 |
| Average Applicant Income | $70,950 |
| Highest Applicant Income | $1,229,000 |
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records Planters Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 349 | $ 46,293,000 | $ 132,644 | $ 66,000 |
| Staunton, Virginia | 124 | $ 13,442,000 | $ 108,403 | $ 47,000 |
| Rockingham, Virginia | 77 | $ 11,993,000 | $ 155,753 | $ 68,000 |
| Bedford, Virginia | 63 | $ 17,687,000 | $ 280,746 | $ 104,000 |
| Lynchburg, Virginia | 58 | $ 9,760,000 | $ 168,275 | $ 84,000 |
| Rockbridge, Virginia | 51 | $ 7,176,000 | $ 140,705 | $ 94,000 |
| Franklin, Virginia | 50 | $ 5,541,000 | $ 110,820 | $ 61,000 |
| Waynesboro, Virginia | 43 | $ 6,273,000 | $ 145,883 | $ 69,000 |
| Harrisonburg, Virginia | 42 | $ 6,921,000 | $ 164,785 | $ 66,000 |
| Shenandoah, Virginia | 32 | $ 4,457,000 | $ 139,281 | $ 52,000 |
| Buena Vista, Virginia | 25 | $ 1,685,000 | $ 67,400 | $ 52,000 |
| Alleghany, Virginia | 18 | $ 713,000 | $ 39,611 | $ 49,000 |
| Prince Edward, Virginia | 18 | $ 2,220,000 | $ 123,333 | $ 145,000 |
| Nelson, Virginia | 15 | $ 3,765,000 | $ 251,000 | $ 149,000 |
| Campbell, Virginia | 14 | $ 1,850,000 | $ 132,142 | $ 86,000 |
| Amherst, Virginia | 10 | $ 1,302,000 | $ 130,200 | $ 70,000 |
| Covington, Virginia | 9 | $ 240,000 | $ 26,666 | $ 34,000 |
| Albemarle, Virginia | 7 | $ 2,054,000 | $ 293,428 | $ 75,000 |
| Cumberland, Virginia | 5 | $ 592,000 | $ 118,400 | $ 65,000 |
| Montgomery, Virginia | 5 | $ 630,000 | $ 126,000 | $ 170,000 |
| Page, Virginia | 5 | $ 842,000 | $ 168,400 | $ 45,000 |
| Roanoke City, Virginia | 5 | $ 1,579,000 | $ 315,800 | $ 15,000 |
| Bedford City, Virginia | 4 | $ 283,000 | $ 70,750 | $ 91,000 |
| Charlotte, Virginia | 3 | $ 221,000 | $ 73,666 | $ 39,000 |
| Lexington, Virginia | 3 | $ 184,000 | $ 61,333 | $ 72,000 |
| Hampshire, West Virginia | 3 | $ 387,000 | $ 129,000 | $ 129,000 |
| Dare, North Carolina | 2 | $ 776,000 | $ 388,000 | $ 0 |
| Appomattox, Virginia | 2 | $ 244,000 | $ 122,000 | $ 80,000 |
| Botetourt, Virginia | 2 | $ 336,000 | $ 168,000 | $ 133,000 |
| Greene, Virginia | 2 | $ 324,000 | $ 162,000 | $ 37,000 |
| Henrico, Virginia | 2 | $ 390,000 | $ 195,000 | $ 0 |
| Mecklenburg, Virginia | 2 | $ 486,000 | $ 243,000 | $ 81,000 |
| Cherokee, Georgia | 1 | $ 280,000 | $ 280,000 | $ 0 |
| Waldo, Maine | 1 | $ 50,000 | $ 50,000 | $ 30,000 |
| Wayne, Michigan | 1 | $ 800,000 | $ 800,000 | $ 58,000 |
| Avery, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 552,000 |
| Guilford, North Carolina | 1 | $ 65,000 | $ 65,000 | $ 65,000 |
| Beaufort, South Carolina | 1 | $ 225,000 | $ 225,000 | $ 74,000 |
| Arlington, Virginia | 1 | $ 234,000 | $ 234,000 | $ 122,000 |
| Charlottesville, Virginia | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Danville, Virginia | 1 | $ 55,000 | $ 55,000 | $ 92,000 |
| Floyd, Virginia | 1 | $ 417,000 | $ 417,000 | $ 684,000 |
| Giles, Virginia | 1 | $ 120,000 | $ 120,000 | $ 103,000 |
| Highland, Virginia | 1 | $ 110,000 | $ 110,000 | $ 28,000 |
| Northumberland, Virginia | 1 | $ 404,000 | $ 404,000 | $ 97,000 |
| Roanoke, Virginia | 1 | $ 25,000 | $ 25,000 | $ 78,000 |
| Virginia Beach, Virginia | 1 | $ 355,000 | $ 355,000 | $ 71,000 |
| Warren, Virginia | 1 | $ 240,000 | $ 240,000 | $ 69,000 |
| Westmoreland, Virginia | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Hardy, West Virginia | 1 | $ 65,000 | $ 65,000 | $ 66,000 |
| Pendleton, West Virginia | 1 | $ 90,000 | $ 90,000 | $ 116,000 |
Mortgage Loan Application Detail Totals for Planters Bank & Trust Company in 2006
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 | 505 | $69,866,000 | $138,000 | $1,200,000 | $66,000 | $504,000 |
| Home Purchase | 465 | $78,227,000 | $168,000 | $2,350,000 | $81,000 | $1,229,000 |
| Home Improvement | 99 | $6,504,000 | $65,000 | $417,000 | $49,000 | $197,000 |
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 | 950 | $135,149,000 | $142,000 | $1,344,000 | $75,000 | $1,229,000 |
| Not applicable | 44 | $9,837,000 | $223,000 | $2,350,000 | $4,000 | $141,000 |
| Black or African American | 25 | $2,498,000 | $99,000 | $265,000 | $46,000 | $104,000 |
| Not Provided | 23 | $3,094,000 | $134,000 | $243,000 | $51,000 | $145,000 |
| Hispanic | 15 | $1,957,000 | $130,000 | $400,000 | $70,000 | $143,000 |
| Asian | 9 | $1,800,000 | $200,000 | $410,000 | $77,000 | $140,000 |
| American Indian or Alaskan Native | 2 | $252,000 | $126,000 | $162,000 | $33,000 | $37,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $10,000 | $10,000 | $10,000 | $6,000 | $6,000 |
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) | 1,021 | $147,916,000 | $144,000 | $2,350,000 | $72,000 | $1,229,000 |
| FHA-insured (Federal Housing Administration) | 34 | $4,433,000 | $130,000 | $203,000 | $55,000 | $144,000 |
| VA-guaranteed (Veterans Administration) | 13 | $2,094,000 | $161,000 | $284,000 | $67,000 | $261,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $154,000 | $154,000 | $154,000 | $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 | 860 | $121,952,000 | $141,000 | $2,350,000 | $73,000 | $1,229,000 |
| Application Withdrawn By Applicant | 88 | $15,184,000 | $172,000 | $1,200,000 | $71,000 | $960,000 |
| Application Approved But Not Accepted | 71 | $12,593,000 | $177,000 | $575,000 | $69,000 | $261,000 |
| Application Denied By Financial Institution | 39 | $3,122,000 | $80,000 | $368,000 | $34,000 | $96,000 |
| File Closed For Incompleteness | 11 | $1,746,000 | $158,000 | $351,000 | $37,000 | $129,000 |
| 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 | 30 | $2,168,000 | $72,000 | $368,000 | $30,000 | $75,000 |
| Collateral | 3 | $202,000 | $67,000 | $114,000 | $40,000 | $48,000 |
| Debt-To-Income Ratio | 2 | $316,000 | $158,000 | $181,000 | $72,000 | $96,000 |
| Employment History | 2 | $198,000 | $99,000 | $102,000 | $41,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $153,000 | $153,000 | $153,000 | $45,000 | $45,000 |
| 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 2006 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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