Shelby Co Bank A Div of Scb Mortgage Lending & HMDA Data, 2005
In 2005, Shelby Co Bank A Div of Scb of Shelbyville, IN reported 132 mortgage applications totaling $13.0 million, down 60% from 2004. The average application was for $98,136, and applicants reported an average income of $67,015. 62% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Indianapolis, IN (108), Anderson, IN (1) and Columbus, IN (1) (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 | 132 |
| Total Mortgage Loan Application Amount | $12,954,000 |
| Average Mortgage Loan Application Amount | $98,136 |
| Highest Mortgage Loan Application Amount | $380,000 |
| Average Applicant Income | $67,015 |
| Highest Applicant Income | $728,000 |
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records Shelby Co Bank A Div of Scb filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 108 | $ 10,523,000 | $ 97,435 | $ 63,000 |
| Anderson, IN | 1 | $ 137,000 | $ 137,000 | $ 122,000 |
| Columbus, IN | 1 | $ 80,000 | $ 80,000 | $ 124,000 |
| Fort Wayne, IN | 1 | $ 63,000 | $ 63,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Shelby Co Bank A Div of Scb in 2005
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 | 70 | $7,047,000 | $100,000 | $244,000 | $66,000 | $728,000 |
| Home Purchase | 55 | $5,659,000 | $102,000 | $380,000 | $61,500 | $312,000 |
| Home Improvement | 7 | $248,000 | $35,000 | $107,000 | $40,000 | $84,000 |
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 | 117 | $11,338,000 | $99,000 | $380,000 | $59,500 | $728,000 |
| Not Provided | 7 | $895,000 | $127,000 | $244,000 | $94,000 | $312,000 |
| Not applicable | 6 | $652,000 | $108,000 | $185,000 | $12,000 | $77,000 |
| Black or African American | 2 | $69,000 | $34,000 | $47,000 | $61,000 | $73,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 124 | $12,245,000 | $88,000 | $380,000 | $50,000 | $728,000 |
| FHA-insured (Federal Housing Administration) | 6 | $561,000 | $98,500 | $131,000 | $61,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 2 | $148,000 | $74,000 | $85,000 | $42,000 | $46,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 82 | $8,289,000 | $101,000 | $380,000 | $66,000 | $728,000 |
| Application Withdrawn By Applicant | 27 | $2,784,000 | $116,500 | $300,000 | $67,000 | $312,000 |
| Application Denied By Financial Institution | 17 | $1,371,000 | $80,000 | $197,000 | $44,000 | $96,000 |
| Application Approved But Not Accepted | 2 | $230,000 | $115,000 | $175,000 | $103,000 | $207,000 |
| Preapproval Denied by Financial Institution | 2 | $176,000 | $88,000 | $98,000 | $47,000 | $61,000 |
| Preapproval Approved but not Accepted | 1 | $47,000 | $47,000 | $47,000 | $49,000 | $49,000 |
| File Closed For Incompleteness | 1 | $57,000 | $57,000 | $57,000 | $89,000 | $89,000 |
| Loan Purchased By The 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 | $832,000 | $76,500 | $104,000 | $42,000 | $63,000 |
| Debt-To-Income Ratio | 3 | $384,000 | $128,000 | $197,000 | $40,000 | $61,000 |
| Other | 2 | $243,000 | $121,000 | $175,000 | $63,000 | $96,000 |
| Unverifiable Information | 2 | $88,000 | $44,000 | $70,000 | $49,000 | $49,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Shelby Co Bank A Div of Scb's 2005 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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