Southern Michigan Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Southern Michigan Bank & Trust of Coldwater, MI reported 743 mortgage applications totaling $86.8 million, up 6% from 2009. The average application was for $116,849, and applicants reported an average income of $79,234. 74% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Battle Creek, MI (124), South Bend-Mishawaka, IN-MI (14) and Jackson, MI (12) (applications in parentheses).
| Mortgage Company & Address | Southern Michigan Bank & Trust 51 West Pearl Street Coldwater, MI 49036 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 743 |
| Total Mortgage Loan Application Amount | $86,819,000 |
| Average Mortgage Loan Application Amount | $116,849 |
| Highest Mortgage Loan Application Amount | $769,000 |
| Average Applicant Income | $79,234 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southern Michigan Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Branch, Michigan | 259 | $ 30,308,000 | $ 117,019 | $ 84,000 |
| Hillsdale, Michigan | 166 | $ 16,038,000 | $ 96,614 | $ 59,000 |
| Calhoun, Michigan | 124 | $ 15,396,000 | $ 124,161 | $ 72,000 |
| St. Joseph, Michigan | 103 | $ 11,907,000 | $ 115,601 | $ 80,000 |
| Cass, Michigan | 13 | $ 1,580,000 | $ 121,538 | $ 150,000 |
| Jackson, Michigan | 12 | $ 1,252,000 | $ 104,333 | $ 47,000 |
| Kalamazoo, Michigan | 11 | $ 1,949,000 | $ 177,181 | $ 89,000 |
| Lenawee, Michigan | 8 | $ 908,000 | $ 113,500 | $ 60,000 |
| Barry, Michigan | 6 | $ 645,000 | $ 107,500 | $ 103,000 |
| Steuben, Indiana | 5 | $ 842,000 | $ 168,400 | $ 116,000 |
| Eaton, Michigan | 4 | $ 387,000 | $ 96,750 | $ 49,000 |
| Lee, Florida | 3 | $ 963,000 | $ 321,000 | $ 202,000 |
| Elkhart, Indiana | 3 | $ 821,000 | $ 273,666 | $ 159,000 |
| Ingham, Michigan | 3 | $ 300,000 | $ 100,000 | $ 81,000 |
| Allegan, Michigan | 2 | $ 354,000 | $ 177,000 | $ 616,000 |
| Livingston, Michigan | 2 | $ 448,000 | $ 224,000 | $ 108,000 |
| Henry, Ohio | 2 | $ 160,000 | $ 80,000 | $ 80,000 |
| LaGrange, Indiana | 1 | $ 110,000 | $ 110,000 | $ 42,000 |
| Porter, Indiana | 1 | $ 130,000 | $ 130,000 | $ 79,000 |
| St. Joseph, Indiana | 1 | $ 123,000 | $ 123,000 | $ 44,000 |
| Scott, Iowa | 1 | $ 71,000 | $ 71,000 | $ 39,000 |
| Berrien, Michigan | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Cheboygan, Michigan | 1 | $ 74,000 | $ 74,000 | $ 185,000 |
| Emmet, Michigan | 1 | $ 40,000 | $ 40,000 | $ 46,000 |
| Kent, Michigan | 1 | $ 142,000 | $ 142,000 | $ 47,000 |
| Monroe, Michigan | 1 | $ 283,000 | $ 283,000 | $ 190,000 |
| Oakland, Michigan | 1 | $ 174,000 | $ 174,000 | $ 150,000 |
| Van Buren, Michigan | 1 | $ 417,000 | $ 417,000 | $ 216,000 |
| Washtenaw, Michigan | 1 | $ 166,000 | $ 166,000 | $ 90,000 |
| Williams, Ohio | 1 | $ 249,000 | $ 249,000 | $ 225,000 |
Mortgage Loan Application Detail Totals for Southern Michigan 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 | 527 | $68,467,000 | $129,000 | $769,000 | $85,000 | $1,800,000 |
| Home Purchase | 183 | $16,866,000 | $92,000 | $417,000 | $67,000 | $699,000 |
| Home Improvement | 33 | $1,486,000 | $45,000 | $180,000 | $55,000 | $265,000 |
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 | 698 | $82,566,000 | $118,000 | $769,000 | $80,000 | $1,800,000 |
| Not Provided | 21 | $1,813,000 | $86,000 | $177,000 | $61,000 | $149,000 |
| Black or African American | 7 | $1,128,000 | $161,000 | $286,000 | $102,000 | $247,000 |
| Hispanic | 7 | $730,000 | $104,000 | $345,000 | $49,000 | $125,000 |
| Asian | 4 | $274,000 | $68,000 | $195,000 | $62,000 | $114,000 |
| Not applicable | 3 | $102,000 | $34,000 | $45,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $177,000 | $88,000 | $123,000 | $49,000 | $77,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $29,000 | $29,000 | $29,000 | $45,000 | $45,000 |
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) | 710 | $84,633,000 | $119,000 | $769,000 | $81,000 | $1,800,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $2,186,000 | $66,000 | $126,000 | $30,000 | $76,000 |
| 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 | 548 | $65,215,000 | $119,000 | $769,000 | $85,000 | $1,800,000 |
| Application Denied By Financial Institution | 115 | $12,742,000 | $110,000 | $358,000 | $62,000 | $1,201,000 |
| Application Approved But Not Accepted | 51 | $5,981,000 | $117,000 | $405,000 | $66,000 | $211,000 |
| Application Withdrawn By Applicant | 16 | $1,288,000 | $80,000 | $417,000 | $60,000 | $216,000 |
| File Closed For Incompleteness | 9 | $1,336,000 | $148,000 | $350,000 | $41,000 | $108,000 |
| Preapproval Approved but not Accepted | 4 | $257,000 | $64,000 | $97,000 | $61,000 | $149,000 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $130,000 | $130,000 | $130,000 | $29,000 | $29,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southern Michigan 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 Michigan 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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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