Shelby Co Bank A Div of Scb Mortgage Lending & HMDA Data, 2004
In 2004, Shelby Co Bank A Div of Scb of Shelbyville, IN reported 331 mortgage applications totaling $18.8 million, up 59% from 2003. The average application was for $56,809, and applicants reported an average income of $69,561. 88% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Indianapolis, IN (270), Anderson, IN (18) and Muncie, IN (5) (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 | 331 |
| Total Mortgage Loan Application Amount | $18,804,000 |
| Average Mortgage Loan Application Amount | $56,809 |
| Highest Mortgage Loan Application Amount | $450,000 |
| Average Applicant Income | $69,561 |
| Highest Applicant Income | $361,000 |
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records Shelby Co Bank A Div of Scb filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Indianapolis, IN | 270 | $ 15,976,000 | $ 59,170 | $ 71,000 |
| Anderson, IN | 18 | $ 694,000 | $ 38,555 | $ 65,000 |
| Muncie, IN | 5 | $ 132,000 | $ 26,400 | $ 114,000 |
| Kokomo, IN | 4 | $ 236,000 | $ 59,000 | $ 62,000 |
| Bloomington, IN | 2 | $ 39,000 | $ 19,500 | $ 87,000 |
| Columbus, IN | 2 | $ 172,000 | $ 86,000 | $ 71,000 |
| Fort Wayne, IN | 1 | $ 60,000 | $ 60,000 | $ 58,000 |
| Lafayette, IN | 1 | $ 19,000 | $ 19,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for Shelby Co Bank A Div of Scb in 2004
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 | 171 | $8,884,000 | $51,000 | $425,000 | $78,000 | $354,000 |
| Home Improvement | 81 | $2,363,000 | $29,000 | $137,000 | $64,000 | $263,000 |
| Refinancing | 79 | $7,557,000 | $95,000 | $450,000 | $57,000 | $361,000 |
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 | 306 | $17,054,000 | $55,000 | $450,000 | $71,000 | $361,000 |
| Not Provided | 9 | $857,000 | $95,000 | $180,000 | $51,000 | $111,000 |
| Asian | 6 | $220,000 | $36,000 | $51,000 | $83,000 | $160,000 |
| Black or African American | 3 | $232,000 | $77,000 | $125,000 | $54,000 | $69,000 |
| Hispanic | 3 | $83,000 | $27,000 | $45,000 | $75,000 | $162,000 |
| Not applicable | 3 | $337,000 | $112,000 | $244,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $21,000 | $21,000 | $21,000 | $76,000 | $76,000 |
| 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) | 329 | $18,595,000 | $56,000 | $450,000 | $68,000 | $361,000 |
| FHA-insured (Federal Housing Administration) | 2 | $209,000 | $104,000 | $136,000 | $49,000 | $60,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 292 | $16,118,000 | $55,000 | $450,000 | $73,000 | $361,000 |
| Application Denied By Financial Institution | 23 | $1,428,000 | $62,000 | $168,000 | $49,000 | $142,000 |
| File Closed For Incompleteness | 6 | $582,000 | $97,000 | $180,000 | $51,000 | $93,000 |
| Application Approved But Not Accepted | 5 | $236,000 | $47,000 | $150,000 | $88,000 | $115,000 |
| Application Withdrawn By Applicant | 5 | $440,000 | $88,000 | $117,000 | $49,000 | $89,000 |
| 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 | 12 | $531,000 | $44,000 | $136,000 | $57,000 | $142,000 |
| Debt-To-Income Ratio | 6 | $475,000 | $79,000 | $168,000 | $38,000 | $58,000 |
| Other | 2 | $128,000 | $64,000 | $102,000 | $87,000 | $87,000 |
| Unverifiable Information | 1 | $40,000 | $40,000 | $40,000 | $0 | $0 |
| Collateral | 1 | $149,000 | $149,000 | $149,000 | $50,000 | $50,000 |
| Employment History | 1 | $105,000 | $105,000 | $105,000 | $20,000 | $20,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2004 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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