Security State Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Security State Bank & Trust of Fredericksburg, TX reported 307 mortgage applications totaling $49.9 million, down 66% from 2015. The average application was for $162,654, and applicants reported an average income of $116,071. 69% of its applications resulted in an originated loan and 13% were denied. Its largest markets were San Antonio-New Braunfels, TX (52), Fort Worth-Arlington, TX (41) and Austin-Round Rock, TX (30) (applications in parentheses).
| Mortgage Company & Address | Security State Bank & Trust 201 West Main Street Fredericksburg, TX 78624 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 307 |
| Total Mortgage Loan Application Amount | $49,935,000 |
| Average Mortgage Loan Application Amount | $162,654 |
| Highest Mortgage Loan Application Amount | $1,922,000 |
| Average Applicant Income | $116,071 |
| Highest Applicant Income | $1,894,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Security State Bank & Trust in 2016
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 | 212 | $39,410,000 | $185,000 | $1,922,000 | $124,000 | $1,894,000 |
| Home Improvement | 58 | $6,009,000 | $103,000 | $496,000 | $105,000 | $698,000 |
| Refinancing | 37 | $4,516,000 | $122,000 | $675,000 | $88,000 | $645,000 |
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 | 218 | $36,967,000 | $169,000 | $1,525,000 | $136,000 | $1,894,000 |
| Hispanic | 58 | $5,301,000 | $91,000 | $377,000 | $77,000 | $466,000 |
| Not applicable | 26 | $6,120,000 | $235,000 | $1,922,000 | $0 | $0 |
| Asian | 3 | $772,000 | $257,000 | $417,000 | $138,000 | $161,000 |
| Black or African American | 2 | $775,000 | $387,000 | $665,000 | $514,000 | $1,000,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 307 | $49,935,000 | $162,000 | $1,922,000 | $116,000 | $1,894,000 |
| 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 | 211 | $36,369,000 | $172,000 | $1,922,000 | $123,000 | $1,079,000 |
| Application Approved But Not Accepted | 42 | $5,461,000 | $130,000 | $700,000 | $143,000 | $1,894,000 |
| Application Denied By Financial Institution | 39 | $6,190,000 | $158,000 | $600,000 | $57,000 | $163,000 |
| Application Withdrawn By Applicant | 15 | $1,915,000 | $127,000 | $280,000 | $86,000 | $347,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 28 | $5,564,000 | $198,000 | $600,000 | $59,000 | $163,000 |
| Credit History | 11 | $626,000 | $56,000 | $162,000 | $54,000 | $80,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Security State Bank & Trust's 2016 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 Security State Bank & Trust'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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