Shelby Co Bank A Div of Scb Mortgage Lending & HMDA Data, 2009
In 2009, Shelby Co Bank A Div of Scb of Shelbyville, IN reported 124 mortgage applications totaling $20.2 million, up 25% from 2008. The average application was for $163,217, and applicants reported an average income of $82,306. 62% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Indianapolis-Carmel, IN (108), Lexington-Fayette, KY (2) and Anderson, 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 | 124 |
| Total Mortgage Loan Application Amount | $20,239,000 |
| Average Mortgage Loan Application Amount | $163,217 |
| Highest Mortgage Loan Application Amount | $930,000 |
| Average Applicant Income | $82,306 |
| Highest Applicant Income | $736,000 |
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records Shelby Co Bank A Div of Scb filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Carmel, IN | 108 | $ 17,035,000 | $ 157,731 | $ 75,000 |
| Lexington-Fayette, KY | 2 | $ 1,525,000 | $ 762,500 | $ 368,000 |
| Anderson, IN | 1 | $ 62,000 | $ 62,000 | $ 493,000 |
| Columbus, IN | 1 | $ 181,000 | $ 181,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Shelby Co Bank A Div of Scb 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 | 88 | $14,179,000 | $161,000 | $930,000 | $77,000 | $736,000 |
| Home Purchase | 26 | $5,253,000 | $202,000 | $908,000 | $115,000 | $493,000 |
| Home Improvement | 10 | $807,000 | $80,000 | $240,000 | $44,000 | $117,000 |
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 | 99 | $14,438,000 | $145,000 | $930,000 | $86,000 | $493,000 |
| Not applicable | 15 | $3,401,000 | $226,000 | $908,000 | $0 | $0 |
| Not Provided | 8 | $2,251,000 | $281,000 | $786,000 | $206,000 | $736,000 |
| Black or African American | 2 | $149,000 | $74,000 | $111,000 | $42,000 | $62,000 |
| 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) | 123 | $20,056,000 | $163,000 | $930,000 | $82,000 | $736,000 |
| FHA-insured (Federal Housing Administration) | 1 | $183,000 | $183,000 | $183,000 | $75,000 | $75,000 |
| 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 | 77 | $11,674,000 | $151,000 | $786,000 | $77,000 | $736,000 |
| Application Approved But Not Accepted | 18 | $3,085,000 | $171,000 | $415,000 | $124,000 | $397,000 |
| Application Denied By Financial Institution | 16 | $2,223,000 | $138,000 | $290,000 | $65,000 | $135,000 |
| Application Withdrawn By Applicant | 9 | $2,219,000 | $246,000 | $930,000 | $101,000 | $476,000 |
| Preapproval Denied by Financial Institution | 2 | $86,000 | $43,000 | $48,000 | $20,000 | $22,000 |
| Loan Purchased By The Institution | 1 | $908,000 | $908,000 | $908,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 1 | $44,000 | $44,000 | $44,000 | $85,000 | $85,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $489,000 | $97,000 | $178,000 | $49,000 | $94,000 |
| Collateral | 5 | $666,000 | $133,000 | $290,000 | $70,000 | $107,000 |
| Other | 3 | $523,000 | $174,000 | $234,000 | $69,000 | $107,000 |
| Credit History | 3 | $306,000 | $102,000 | $183,000 | $36,000 | $75,000 |
| Employment History | 1 | $85,000 | $85,000 | $85,000 | $45,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $240,000 | $240,000 | $240,000 | $135,000 | $135,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 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 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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