Shelby Co Bank A Div of Scb Mortgage Lending & HMDA Data, 2007
In 2007, Shelby Co Bank A Div of Scb of Shelbyville, IN reported 101 mortgage applications totaling $12.3 million, down 8% from 2006. The average application was for $122,029, and applicants reported an average income of $78,128. 82% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Indianapolis-Carmel, IN (91), Columbus, IN (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 | 101 |
| Total Mortgage Loan Application Amount | $12,325,000 |
| Average Mortgage Loan Application Amount | $122,029 |
| Highest Mortgage Loan Application Amount | $1,833,000 |
| Average Applicant Income | $78,128 |
| Highest Applicant Income | $452,000 |
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records Shelby Co Bank A Div of Scb filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 | 46 | $4,866,000 | $105,000 | $500,000 | $74,000 | $382,000 |
| Home Purchase | 41 | $4,644,000 | $113,000 | $692,000 | $91,000 | $452,000 |
| Home Improvement | 14 | $2,815,000 | $201,000 | $1,833,000 | $54,000 | $320,000 |
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 | 80 | $8,543,000 | $106,000 | $1,833,000 | $75,000 | $382,000 |
| Not applicable | 11 | $1,882,000 | $171,000 | $500,000 | $0 | $0 |
| Not Provided | 7 | $1,029,000 | $147,000 | $344,000 | $198,000 | $452,000 |
| Black or African American | 2 | $179,000 | $89,000 | $105,000 | $89,000 | $114,000 |
| Asian | 1 | $692,000 | $692,000 | $692,000 | $300,000 | $300,000 |
| 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) | 101 | $12,325,000 | $122,000 | $1,833,000 | $78,000 | $452,000 |
| 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 | 83 | $10,234,000 | $123,000 | $1,833,000 | $81,000 | $452,000 |
| Application Denied By Financial Institution | 9 | $1,141,000 | $126,000 | $224,000 | $50,000 | $114,000 |
| Preapproval Denied by Financial Institution | 5 | $659,000 | $131,000 | $480,000 | $78,000 | $174,000 |
| Application Approved But Not Accepted | 3 | $197,000 | $65,000 | $107,000 | $93,000 | $179,000 |
| Preapproval Approved but not Accepted | 1 | $94,000 | $94,000 | $94,000 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 6 | $934,000 | $155,000 | $480,000 | $71,000 | $174,000 |
| Debt-To-Income Ratio | 5 | $742,000 | $148,000 | $224,000 | $37,000 | $72,000 |
| Other | 2 | $104,000 | $52,000 | $74,000 | $70,000 | $114,000 |
| Collateral | 1 | $20,000 | $20,000 | $20,000 | $90,000 | $90,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2007 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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