Sb&T Mortgage Lending & HMDA Data, 2009
In 2009, Sb&T of Albany, GA reported 161 mortgage applications totaling $38.1 million, up 1% from 2008. The average application was for $236,372, and applicants reported an average income of $57,968. 87% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Albany, GA (74), Columbus, GA-AL (3) and Panama City-Lynn Haven-Panama City Beach, FL (2) (applications in parentheses).
| Mortgage Company & Address | Sb&T Po Box 1912 Albany, GA 31703 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 161 |
| Total Mortgage Loan Application Amount | $38,056,000 |
| Average Mortgage Loan Application Amount | $236,372 |
| Highest Mortgage Loan Application Amount | $10,917,000 |
| Average Applicant Income | $57,968 |
| Highest Applicant Income | $876,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sb&T filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Albany, GA | 74 | $ 16,314,000 | $ 220,459 | $ 66,000 |
| Columbus, GA-AL | 3 | $ 74,000 | $ 24,666 | $ 64,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 2 | $ 1,179,000 | $ 589,500 | $ 272,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 125,000 | $ 125,000 | $ 147,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 10,917,000 | $ 10,917,000 | $ 0 |
| Spartanburg, SC | 1 | $ 4,995,000 | $ 4,995,000 | $ 0 |
| Valdosta, GA | 1 | $ 148,000 | $ 148,000 | $ 0 |
Mortgage Loan Application Detail Totals for Sb&T in 2009
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 | 85 | $33,800,000 | $397,000 | $10,917,000 | $53,000 | $790,000 |
| Home Improvement | 44 | $843,000 | $19,000 | $80,000 | $45,000 | $258,000 |
| Home Purchase | 32 | $3,413,000 | $106,000 | $500,000 | $89,000 | $876,000 |
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 | 86 | $7,625,000 | $88,000 | $683,000 | $93,000 | $876,000 |
| Not applicable | 41 | $29,348,000 | $715,000 | $10,917,000 | $0 | $0 |
| Black or African American | 29 | $914,000 | $31,000 | $128,000 | $35,000 | $125,000 |
| Hispanic | 4 | $134,000 | $33,000 | $50,000 | $31,000 | $66,000 |
| Asian | 1 | $35,000 | $35,000 | $35,000 | $258,000 | $258,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 161 | $38,056,000 | $236,000 | $10,917,000 | $58,000 | $876,000 |
| 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 | 140 | $37,564,000 | $268,000 | $10,917,000 | $62,000 | $876,000 |
| Application Denied By Financial Institution | 19 | $392,000 | $20,000 | $85,000 | $31,000 | $66,000 |
| Application Withdrawn By Applicant | 1 | $5,000 | $5,000 | $5,000 | $23,000 | $23,000 |
| Application Approved But Not Accepted | 1 | $95,000 | $95,000 | $95,000 | $36,000 | $36,000 |
| 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 | 11 | $185,000 | $16,000 | $44,000 | $28,000 | $66,000 |
| Debt-To-Income Ratio | 7 | $177,000 | $25,000 | $85,000 | $35,000 | $57,000 |
| Other | 1 | $30,000 | $30,000 | $30,000 | $43,000 | $43,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sb&T's 2009 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 Sb&T'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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