Southern Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Southern Bank & Trust of Augusta, GA reported 67 mortgage applications totaling $22.4 million. The average application was for $333,850, and applicants reported an average income of $78,089. 78% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Augusta-Richmond County, GA-SC (60), Charleston-North Charleston-Summerville, SC (2) and Anderson, SC (1) (applications in parentheses).
| Mortgage Company & Address | Southern Bank & Trust P O Box 15367 Augusta, GA 30919 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 |
| Total Number of Mortgage Applications | 67 |
| Total Mortgage Loan Application Amount | $22,368,000 |
| Average Mortgage Loan Application Amount | $333,850 |
| Highest Mortgage Loan Application Amount | $1,782,000 |
| Average Applicant Income | $78,089 |
| Highest Applicant Income | $665,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southern Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Aiken, South Carolina | 48 | $ 15,010,000 | $ 312,708 | $ 85,000 |
| Edgefield, South Carolina | 6 | $ 1,497,000 | $ 249,500 | $ 30,000 |
| Columbia, Georgia | 5 | $ 1,757,000 | $ 351,400 | $ 24,000 |
| Charleston, South Carolina | 2 | $ 1,995,000 | $ 997,500 | $ 60,000 |
| Chatham, Georgia | 1 | $ 114,000 | $ 114,000 | $ 56,000 |
| Richmond, Georgia | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Jackson, North Carolina | 1 | $ 1,782,000 | $ 1,782,000 | $ 0 |
| Anderson, South Carolina | 1 | $ 67,000 | $ 67,000 | $ 81,000 |
| Lexington, South Carolina | 1 | $ 66,000 | $ 66,000 | $ 0 |
| Newberry, South Carolina | 1 | $ 30,000 | $ 30,000 | $ 609,000 |
Mortgage Loan Application Detail Totals for Southern Bank & Trust in 2010
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 | 48 | $16,598,000 | $345,000 | $1,782,000 | $83,000 | $665,000 |
| Home Purchase | 14 | $5,672,000 | $405,000 | $1,500,000 | $27,000 | $107,000 |
| Home Improvement | 5 | $98,000 | $19,000 | $50,000 | $174,000 | $609,000 |
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 | 46 | $10,929,000 | $237,000 | $1,100,000 | $104,000 | $665,000 |
| Not applicable | 16 | $10,706,000 | $669,000 | $1,782,000 | $0 | $0 |
| Hispanic | 2 | $617,000 | $308,000 | $614,000 | $146,000 | $219,000 |
| Asian | 1 | $46,000 | $46,000 | $46,000 | $107,000 | $107,000 |
| Black or African American | 1 | $10,000 | $10,000 | $10,000 | $23,000 | $23,000 |
| Not Provided | 1 | $60,000 | $60,000 | $60,000 | $36,000 | $36,000 |
| American Indian or Alaskan Native | 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) | 64 | $22,085,000 | $345,000 | $1,782,000 | $80,000 | $665,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $137,000 | $68,000 | $77,000 | $32,000 | $36,000 |
| FHA-insured (Federal Housing Administration) | 1 | $146,000 | $146,000 | $146,000 | $80,000 | $80,000 |
| 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 | 52 | $19,572,000 | $376,000 | $1,782,000 | $66,000 | $609,000 |
| Application Withdrawn By Applicant | 9 | $1,648,000 | $183,000 | $658,000 | $99,000 | $187,000 |
| Application Denied By Financial Institution | 5 | $997,000 | $199,000 | $465,000 | $181,000 | $665,000 |
| Loan Purchased By The Institution | 1 | $151,000 | $151,000 | $151,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southern Bank & Trust's 2010 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 Southern 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.
For a list of all lenders in Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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