Planters & Merchants State Bak Mortgage Lending & HMDA Data, 2003
In 2003, Planters & Merchants State Bak of Hearne, TX reported 173 mortgage applications totaling $9.4 million. The average application was for $54,612, and applicants reported an average income of $55,017. 82% of its applications resulted in an originated loan and 18% were denied. Its largest market was Bryan-College Station, TX (73).
| Mortgage Company & Address | Planters & Merchants State Bak 122 West 4th Street Hearne, TX 77859 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 173 |
| Total Mortgage Loan Application Amount | $9,448,000 |
| Average Mortgage Loan Application Amount | $54,612 |
| Highest Mortgage Loan Application Amount | $390,000 |
| Average Applicant Income | $55,017 |
| Highest Applicant Income | $329,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Planters & Merchants State Bak filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Brazos, Texas | 73 | $ 4,643,000 | $ 63,602 | $ 64,000 |
| Robertson, Texas | 67 | $ 2,724,000 | $ 40,656 | $ 46,000 |
| Milam, Texas | 10 | $ 797,000 | $ 79,700 | $ 126,000 |
| Grimes, Texas | 6 | $ 399,000 | $ 66,500 | $ 42,000 |
| Burleson, Texas | 4 | $ 311,000 | $ 77,750 | $ 67,000 |
| Madison, Texas | 3 | $ 219,000 | $ 73,000 | $ 73,000 |
| Atascosa, Texas | 1 | $ 43,000 | $ 43,000 | $ 70,000 |
| Bell, Texas | 1 | $ 35,000 | $ 35,000 | $ 29,000 |
| Fayette, Texas | 1 | $ 27,000 | $ 27,000 | $ 33,000 |
| Fort Bend, Texas | 1 | $ 80,000 | $ 80,000 | $ 44,000 |
| Harris, Texas | 1 | $ 62,000 | $ 62,000 | $ 30,000 |
| Hill, Texas | 1 | $ 15,000 | $ 15,000 | $ 62,000 |
| Houston, Texas | 1 | $ 12,000 | $ 12,000 | $ 44,000 |
| Leon, Texas | 1 | $ 43,000 | $ 43,000 | $ 88,000 |
| Limestone, Texas | 1 | $ 17,000 | $ 17,000 | $ 101,000 |
| Washington, Texas | 1 | $ 21,000 | $ 21,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Planters & Merchants State Bak in 2003
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 (one-to-four family) | 135 | $8,168,000 | $60,000 | $390,000 | $54,000 | $329,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 31 | $1,139,000 | $36,000 | $130,000 | $59,000 | $165,000 |
| Home Improvement (one-to-four family) | 7 | $141,000 | $20,000 | $38,000 | $57,000 | $125,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 131 | $7,723,000 | $58,000 | $390,000 | $59,000 | $329,000 |
| Hispanic | 22 | $964,000 | $43,000 | $153,000 | $52,000 | $136,000 |
| Black | 17 | $583,000 | $34,000 | $80,000 | $39,000 | $64,000 |
| American Indian or Alaskan Native | 2 | $83,000 | $41,000 | $43,000 | $147,000 | $165,000 |
| Asian or Pacific Islander | 1 | $95,000 | $95,000 | $95,000 | $78,000 | $78,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 173 | $9,448,000 | $54,000 | $390,000 | $56,000 | $329,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 141 | $8,158,000 | $57,000 | $390,000 | $70,000 | $329,000 |
| Application Denied By Financial Institution | 31 | $1,270,000 | $40,000 | $173,000 | $38,000 | $105,000 |
| Application Withdrawn By Applicant | 1 | $20,000 | $20,000 | $20,000 | $17,000 | $17,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | $525,000 | $37,000 | $95,000 | $31,000 | $72,000 |
| Employment History | 2 | $110,000 | $55,000 | $75,000 | $29,000 | $30,000 |
| Unverifiable Information | 1 | $15,000 | $15,000 | $15,000 | $0 | $0 |
| 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 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 & Merchants State Bak's 2003 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 & Merchants State Bak'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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