Southbank Mortgage Lending & HMDA Data, 2005
In 2005, Southbank of Huntsville, AL reported 811 mortgage applications totaling $100.0 million, down 6% from 2004. The average application was for $123,260, and applicants reported an average income of $66,906. 90% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Huntsville, AL (280), Raleigh-Cary, NC (142) and Florence-Muscle Shoals, AL (114) (applications in parentheses).
| Mortgage Company & Address | Southbank 118 Jefferson Street Huntsville, AL 35801 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 | 811 |
| Total Mortgage Loan Application Amount | $99,964,000 |
| Average Mortgage Loan Application Amount | $123,260 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $66,906 |
| Highest Applicant Income | $453,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southbank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Madison, Alabama | 266 | $ 30,211,000 | $ 113,575 | $ 62,000 |
| Wake, North Carolina | 131 | $ 22,157,000 | $ 169,137 | $ 72,000 |
| Lauderdale, Alabama | 80 | $ 7,602,000 | $ 95,025 | $ 39,000 |
| Durham, North Carolina | 58 | $ 6,966,000 | $ 120,103 | $ 60,000 |
| Colbert, Alabama | 34 | $ 2,807,000 | $ 82,558 | $ 38,000 |
| Lafayette, Mississippi | 32 | $ 3,483,000 | $ 108,843 | $ 76,000 |
| Alcorn, Mississippi | 30 | $ 2,715,000 | $ 90,500 | $ 47,000 |
| Limestone, Alabama | 14 | $ 1,977,000 | $ 141,214 | $ 83,000 |
| Mississippi, Arkansas | 14 | $ 524,000 | $ 37,428 | $ 31,000 |
| Granville, North Carolina | 9 | $ 927,000 | $ 103,000 | $ 52,000 |
| Chatham, North Carolina | 8 | $ 1,249,000 | $ 156,125 | $ 112,000 |
| Morgan, Alabama | 7 | $ 1,002,000 | $ 143,142 | $ 69,000 |
| Franklin, North Carolina | 7 | $ 752,000 | $ 107,428 | $ 72,000 |
| Orange, North Carolina | 7 | $ 1,848,000 | $ 264,000 | $ 113,000 |
| McNairy, Tennessee | 7 | $ 803,000 | $ 114,714 | $ 68,000 |
| Marshall, Alabama | 5 | $ 648,000 | $ 129,600 | $ 71,000 |
| Tishomingo, Mississippi | 5 | $ 293,000 | $ 58,600 | $ 30,000 |
| Guilford, North Carolina | 5 | $ 869,000 | $ 173,800 | $ 55,000 |
| Lincoln, Tennessee | 5 | $ 334,000 | $ 66,800 | $ 39,000 |
| Franklin, Alabama | 4 | $ 494,000 | $ 123,500 | $ 28,000 |
| Broward, Florida | 4 | $ 625,000 | $ 156,250 | $ 78,000 |
| Johnston, North Carolina | 4 | $ 632,000 | $ 158,000 | $ 122,000 |
| Vance, North Carolina | 4 | $ 642,000 | $ 160,500 | $ 86,000 |
| Hardin, Tennessee | 4 | $ 426,000 | $ 106,500 | $ 96,000 |
| Lawrence, Alabama | 3 | $ 324,000 | $ 108,000 | $ 40,000 |
| Forsyth, North Carolina | 3 | $ 260,000 | $ 86,666 | $ 58,000 |
| Harnett, North Carolina | 3 | $ 253,000 | $ 84,333 | $ 53,000 |
| Randolph, North Carolina | 3 | $ 347,000 | $ 115,666 | $ 38,000 |
| Jefferson, Alabama | 2 | $ 173,000 | $ 86,500 | $ 52,000 |
| Winston, Alabama | 2 | $ 228,000 | $ 114,000 | $ 29,000 |
| Seminole, Florida | 2 | $ 216,000 | $ 108,000 | $ 149,000 |
| Walton, Florida | 2 | $ 1,198,000 | $ 599,000 | $ 149,000 |
| Yalobusha, Mississippi | 2 | $ 102,000 | $ 51,000 | $ 50,000 |
| Henry, Missouri | 2 | $ 132,000 | $ 66,000 | $ 41,000 |
| St. Louis, Missouri | 2 | $ 406,000 | $ 203,000 | $ 60,000 |
| Alamance, North Carolina | 2 | $ 94,000 | $ 47,000 | $ 115,000 |
| Pitt, North Carolina | 2 | $ 347,000 | $ 173,500 | $ 109,000 |
| Scotland, North Carolina | 2 | $ 85,000 | $ 42,500 | $ 54,000 |
| Charleston, South Carolina | 2 | $ 398,000 | $ 199,000 | $ 90,000 |
| Horry, South Carolina | 2 | $ 252,000 | $ 126,000 | $ 118,000 |
| Hamilton, Tennessee | 2 | $ 456,000 | $ 228,000 | $ 113,000 |
| Mecklenburg, Virginia | 2 | $ 293,000 | $ 146,500 | $ 164,000 |
| Baldwin, Alabama | 1 | $ 238,000 | $ 238,000 | $ 139,000 |
| Calhoun, Alabama | 1 | $ 155,000 | $ 155,000 | $ 66,000 |
| DeKalb, Alabama | 1 | $ 76,000 | $ 76,000 | $ 96,000 |
| Marion, Alabama | 1 | $ 63,000 | $ 63,000 | $ 21,000 |
| Montgomery, Alabama | 1 | $ 146,000 | $ 146,000 | $ 45,000 |
| Talladega, Alabama | 1 | $ 122,000 | $ 122,000 | $ 88,000 |
| Cleburne, Arkansas | 1 | $ 192,000 | $ 192,000 | $ 0 |
| San Bernardino, California | 1 | $ 144,000 | $ 144,000 | $ 149,000 |
| Miami-Dade, Florida | 1 | $ 284,000 | $ 284,000 | $ 79,000 |
| Okaloosa, Florida | 1 | $ 76,000 | $ 76,000 | $ 56,000 |
| Palm Beach, Florida | 1 | $ 110,000 | $ 110,000 | $ 60,000 |
| Barren, Kentucky | 1 | $ 38,000 | $ 38,000 | $ 43,000 |
| Washington, Minnesota | 1 | $ 81,000 | $ 81,000 | $ 116,000 |
| Prentiss, Mississippi | 1 | $ 292,000 | $ 292,000 | $ 114,000 |
| Jackson, Missouri | 1 | $ 117,000 | $ 117,000 | $ 40,000 |
| Clark, Nevada | 1 | $ 208,000 | $ 208,000 | $ 78,000 |
| Brunswick, North Carolina | 1 | $ 369,000 | $ 369,000 | $ 453,000 |
| Carteret, North Carolina | 1 | $ 103,000 | $ 103,000 | $ 65,000 |
| Craven, North Carolina | 1 | $ 302,000 | $ 302,000 | $ 138,000 |
| Hoke, North Carolina | 1 | $ 57,000 | $ 57,000 | $ 161,000 |
| Rockingham, North Carolina | 1 | $ 106,000 | $ 106,000 | $ 53,000 |
| Rowan, North Carolina | 1 | $ 110,000 | $ 110,000 | $ 70,000 |
| Wilson, North Carolina | 1 | $ 296,000 | $ 296,000 | $ 149,000 |
| Yancey, North Carolina | 1 | $ 200,000 | $ 200,000 | $ 94,000 |
| Oklahoma, Oklahoma | 1 | $ 91,000 | $ 91,000 | $ 42,000 |
| Harris, Texas | 1 | $ 70,000 | $ 70,000 | $ 104,000 |
| Loudoun, Virginia | 1 | $ 368,000 | $ 368,000 | $ 142,000 |
Mortgage Loan Application Detail Totals for Southbank 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 528 | $63,625,000 | $109,818 | $650,000 | $83,818 | $410,000 |
| Refinancing | 273 | $36,081,000 | $162,083 | $650,000 | $79,416 | $453,000 |
| Home Improvement | 10 | $258,000 | $50,666 | $120,000 | $57,000 | $114,000 |
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 | 658 | $83,466,000 | $129,428 | $650,000 | $78,714 | $453,000 |
| Black or African American | 119 | $12,726,000 | $77,800 | $360,000 | $41,200 | $135,000 |
| Asian | 27 | $2,993,000 | $117,600 | $300,000 | $94,400 | $216,000 |
| American Indian or Alaskan Native | 2 | $308,000 | $154,000 | $180,000 | $107,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $228,000 | $114,000 | $135,000 | $37,500 | $56,000 |
| Not applicable | 2 | $175,000 | $87,000 | $99,000 | $115,000 | $135,000 |
| Not Provided | 1 | $68,000 | $68,000 | $68,000 | $40,000 | $40,000 |
| Hispanic | 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) | 728 | $88,383,000 | $125,933 | $650,000 | $84,000 | $453,000 |
| FHA-insured (Federal Housing Administration) | 43 | $5,461,000 | $104,000 | $177,000 | $46,333 | $132,000 |
| VA-guaranteed (Veterans Administration) | 40 | $6,120,000 | $141,333 | $339,000 | $60,666 | $127,000 |
| 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 | 726 | $90,573,000 | $130,000 | $650,000 | $85,857 | $453,000 |
| Application Withdrawn By Applicant | 37 | $4,888,000 | $108,833 | $360,000 | $60,500 | $327,000 |
| Application Approved But Not Accepted | 22 | $2,526,000 | $139,250 | $285,000 | $73,500 | $228,000 |
| Application Denied By Financial Institution | 13 | $528,000 | $57,500 | $145,000 | $21,750 | $82,000 |
| File Closed For Incompleteness | 13 | $1,449,000 | $118,750 | $350,000 | $87,500 | $340,000 |
| 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 | 6 | $36,000 | $6,000 | $15,000 | $19,000 | $42,000 |
| Collateral | 3 | $107,000 | $31,000 | $70,000 | $56,000 | $82,000 |
| Other | 3 | $300,000 | $83,500 | $145,000 | $12,000 | $24,000 |
| Employment History | 1 | $85,000 | $85,000 | $85,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southbank'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 Southbank'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.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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