South Valley Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, South Valley Bank & Trust of Klamath Falls, OR reported 324 mortgage applications totaling $49.9 million, down 30% from 2003. The average application was for $154,033, and applicants reported an average income of $121,253. 73% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Medford, OR (78), Bend, OR (14) and Corvallis, OR (2) (applications in parentheses).
| Mortgage Company & Address | South Valley Bank & Trust 803 Main Street Klamath Falls, OR 97601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 324 |
| Total Mortgage Loan Application Amount | $49,907,000 |
| Average Mortgage Loan Application Amount | $154,033 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $121,253 |
| Highest Applicant Income | $3,259,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records South Valley Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 South Valley Bank & Trust 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 | 199 | $32,105,000 | $155,000 | $1,800,000 | $96,750 | $3,259,000 |
| Refinancing | 95 | $16,452,000 | $347,000 | $1,000,000 | $145,500 | $2,127,000 |
| Home Improvement | 30 | $1,350,000 | $25,500 | $160,000 | $58,000 | $1,216,000 |
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 | 286 | $43,430,000 | $225,000 | $1,410,000 | $107,000 | $3,259,000 |
| Not Provided | 23 | $3,614,000 | $177,500 | $350,000 | $115,500 | $1,182,000 |
| Hispanic | 6 | $405,000 | $42,500 | $174,000 | $37,000 | $183,000 |
| American Indian or Alaskan Native | 4 | $299,000 | $78,000 | $163,000 | $38,000 | $88,000 |
| Asian | 3 | $266,000 | $88,000 | $140,000 | $37,000 | $56,000 |
| Not applicable | 2 | $1,893,000 | $946,000 | $1,800,000 | $0 | $0 |
| Black or African American | 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) | 312 | $49,028,000 | $226,600 | $1,800,000 | $108,000 | $3,259,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 12 | $879,000 | $80,500 | $138,000 | $24,000 | $46,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 238 | $38,698,000 | $160,333 | $1,800,000 | $125,333 | $3,259,000 |
| Application Denied By Financial Institution | 26 | $2,928,000 | $60,500 | $290,000 | $44,000 | $248,000 |
| Application Approved But Not Accepted | 20 | $2,638,000 | $152,000 | $332,000 | $77,500 | $252,000 |
| Preapproval Denied by Financial Institution | 19 | $2,581,000 | $135,000 | $420,000 | $41,000 | $85,000 |
| File Closed For Incompleteness | 11 | $1,748,000 | $323,500 | $525,000 | $85,000 | $121,000 |
| Preapproval Approved but not Accepted | 6 | $793,000 | $132,000 | $225,000 | $141,000 | $487,000 |
| Application Withdrawn By Applicant | 4 | $521,000 | $130,000 | $240,000 | $110,000 | $263,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 22 | $3,077,000 | $102,666 | $420,000 | $41,000 | $248,000 |
| Credit History | 15 | $1,603,000 | $111,000 | $290,000 | $51,500 | $157,000 |
| Collateral | 5 | $607,000 | $189,500 | $303,000 | $66,000 | $83,000 |
| Other | 1 | $125,000 | $125,000 | $125,000 | $237,000 | $237,000 |
| Unverifiable Information | 1 | $12,000 | $12,000 | $12,000 | $30,000 | $30,000 |
| Employment History | 1 | $85,000 | $85,000 | $85,000 | $30,000 | $30,000 |
| 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 South Valley Bank & Trust'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 South Valley Bank & Trust'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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