Shelby Co Bank A Div of Scb Mortgage Lending & HMDA Data, 2010
In 2010, Shelby Co Bank A Div of Scb of Shelbyville, IN reported 172 mortgage applications totaling $38.0 million, up 39% from 2009. The average application was for $221,209, and applicants reported an average income of $120,180. 23% of its applications resulted in an originated loan and 41% were denied. Its largest markets were Indianapolis-Carmel, IN (136), Cape Coral-Fort Myers, FL (5) and Lexington-Fayette, KY (2) (applications in parentheses).
| Mortgage Company & Address | Shelby Co Bank A Div of Scb 29 E Washington Street Shelbyville, IN 46176 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 172 |
| Total Mortgage Loan Application Amount | $38,048,000 |
| Average Mortgage Loan Application Amount | $221,209 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $120,180 |
| Highest Applicant Income | $1,128,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Shelby Co Bank A Div of Scb filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Shelby Co Bank A Div of Scb in 2010
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 | 141 | $35,132,000 | $249,000 | $1,800,000 | $130,000 | $1,128,000 |
| Home Purchase | 19 | $2,758,000 | $145,000 | $320,000 | $115,000 | $417,000 |
| Home Improvement | 12 | $158,000 | $13,000 | $50,000 | $13,000 | $75,000 |
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 | 92 | $17,856,000 | $194,000 | $811,000 | $123,000 | $1,128,000 |
| Not Provided | 63 | $16,204,000 | $257,000 | $920,000 | $142,000 | $500,000 |
| Not applicable | 12 | $3,202,000 | $266,000 | $1,800,000 | $0 | $0 |
| Black or African American | 3 | $479,000 | $159,000 | $255,000 | $101,000 | $210,000 |
| Asian | 2 | $307,000 | $153,000 | $208,000 | $58,000 | $82,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 153 | $35,246,000 | $230,000 | $1,800,000 | $127,000 | $1,128,000 |
| FHA-insured (Federal Housing Administration) | 19 | $2,802,000 | $147,000 | $277,000 | $59,000 | $127,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 71 | $16,116,000 | $226,000 | $850,000 | $141,000 | $1,128,000 |
| Application Withdrawn By Applicant | 49 | $11,905,000 | $242,000 | $920,000 | $127,000 | $500,000 |
| Loan Originated | 39 | $7,301,000 | $187,000 | $1,800,000 | $66,000 | $736,000 |
| Application Approved But Not Accepted | 11 | $2,352,000 | $213,000 | $392,000 | $126,000 | $308,000 |
| Preapproval Approved but not Accepted | 1 | $215,000 | $215,000 | $215,000 | $417,000 | $417,000 |
| Preapproval Denied by Financial Institution | 1 | $159,000 | $159,000 | $159,000 | $79,000 | $79,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 22 | $5,286,000 | $240,000 | $417,000 | $182,000 | $553,000 |
| Credit History | 19 | $2,706,000 | $142,000 | $364,000 | $80,000 | $450,000 |
| Debt-To-Income Ratio | 15 | $4,560,000 | $304,000 | $850,000 | $108,000 | $408,000 |
| Other | 11 | $2,616,000 | $237,000 | $811,000 | $130,000 | $350,000 |
| Unverifiable Information | 2 | $682,000 | $341,000 | $413,000 | $660,000 | $1,128,000 |
| Employment History | 2 | $321,000 | $160,000 | $176,000 | $65,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $104,000 | $104,000 | $104,000 | $54,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Shelby Co Bank A Div of Scb's 2010 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 Shelby Co Bank A Div of Scb'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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