Southern Michigan Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Southern Michigan Bank & Trust of Coldwater, MI reported 883 mortgage applications totaling $114.1 million, up 29% from 2011. The average application was for $129,212, and applicants reported an average income of $74,310. 81% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Battle Creek, MI (135), Jackson, MI (19) and Kalamazoo-Portage, MI (13) (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 | 883 |
| Total Mortgage Loan Application Amount | $114,095,000 |
| Average Mortgage Loan Application Amount | $129,212 |
| Highest Mortgage Loan Application Amount | $5,500,000 |
| Average Applicant Income | $74,310 |
| Highest Applicant Income | $1,268,000 |
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records Southern Michigan Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 292 | $ 32,127,000 | $ 110,023 | $ 78,000 |
| Hillsdale, Michigan | 234 | $ 21,482,000 | $ 91,803 | $ 62,000 |
| Calhoun, Michigan | 135 | $ 21,266,000 | $ 157,525 | $ 75,000 |
| St. Joseph, Michigan | 115 | $ 12,837,000 | $ 111,626 | $ 60,000 |
| Jackson, Michigan | 19 | $ 1,908,000 | $ 100,421 | $ 67,000 |
| Cass, Michigan | 12 | $ 1,976,000 | $ 164,666 | $ 89,000 |
| Kalamazoo, Michigan | 10 | $ 7,004,000 | $ 700,400 | $ 119,000 |
| Eaton, Michigan | 7 | $ 793,000 | $ 113,285 | $ 67,000 |
| Wayne, Michigan | 5 | $ 637,000 | $ 127,400 | $ 128,000 |
| Steuben, Indiana | 4 | $ 400,000 | $ 100,000 | $ 53,000 |
| Oakland, Michigan | 4 | $ 379,000 | $ 94,750 | $ 99,000 |
| Washtenaw, Michigan | 4 | $ 1,196,000 | $ 299,000 | $ 61,000 |
| Ingham, Michigan | 3 | $ 4,725,000 | $ 1,575,000 | $ 142,000 |
| Lenawee, Michigan | 3 | $ 349,000 | $ 116,333 | $ 76,000 |
| Monroe, Michigan | 3 | $ 263,000 | $ 87,666 | $ 39,000 |
| Ottawa, Michigan | 3 | $ 217,000 | $ 72,333 | $ 79,000 |
| Van Buren, Michigan | 3 | $ 1,349,000 | $ 449,666 | $ 57,000 |
| Wood, Ohio | 3 | $ 608,000 | $ 202,666 | $ 230,000 |
| Elkhart, Indiana | 2 | $ 746,000 | $ 373,000 | $ 142,000 |
| Allegan, Michigan | 2 | $ 598,000 | $ 299,000 | $ 84,000 |
| Clinton, Michigan | 2 | $ 444,000 | $ 222,000 | $ 175,000 |
| Mohave, Arizona | 1 | $ 100,000 | $ 100,000 | $ 102,000 |
| Lake, Florida | 1 | $ 118,000 | $ 118,000 | $ 54,000 |
| Lee, Florida | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Sarasota, Florida | 1 | $ 152,000 | $ 152,000 | $ 139,000 |
| Sumter, Florida | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
| Volusia, Florida | 1 | $ 132,000 | $ 132,000 | $ 264,000 |
| Cook, Illinois | 1 | $ 272,000 | $ 272,000 | $ 506,000 |
| Barry, Michigan | 1 | $ 136,000 | $ 136,000 | $ 105,000 |
| Berrien, Michigan | 1 | $ 130,000 | $ 130,000 | $ 133,000 |
| Cheboygan, Michigan | 1 | $ 69,000 | $ 69,000 | $ 141,000 |
| Grand Traverse, Michigan | 1 | $ 75,000 | $ 75,000 | $ 69,000 |
| Gratiot, Michigan | 1 | $ 51,000 | $ 51,000 | $ 51,000 |
| Kent, Michigan | 1 | $ 92,000 | $ 92,000 | $ 35,000 |
| Mason, Michigan | 1 | $ 72,000 | $ 72,000 | $ 65,000 |
| Clark, Nevada | 1 | $ 417,000 | $ 417,000 | $ 1,268,000 |
| Delaware, Ohio | 1 | $ 202,000 | $ 202,000 | $ 121,000 |
| Hamilton, Ohio | 1 | $ 229,000 | $ 229,000 | $ 111,000 |
| Williams, Ohio | 1 | $ 39,000 | $ 39,000 | $ 28,000 |
Mortgage Loan Application Detail Totals for Southern Michigan Bank & Trust in 2012
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 | 548 | $83,186,000 | $151,000 | $5,500,000 | $72,000 | $802,000 |
| Home Purchase | 271 | $26,088,000 | $96,000 | $417,000 | $80,000 | $1,268,000 |
| Home Improvement | 64 | $4,821,000 | $75,000 | $280,000 | $70,000 | $253,000 |
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 | 856 | $100,920,000 | $117,000 | $4,370,000 | $76,000 | $1,268,000 |
| Not applicable | 15 | $12,183,000 | $812,000 | $5,500,000 | $0 | $0 |
| Black or African American | 4 | $302,000 | $75,000 | $163,000 | $80,000 | $204,000 |
| Not Provided | 3 | $347,000 | $115,000 | $200,000 | $79,000 | $144,000 |
| American Indian or Alaskan Native | 2 | $168,000 | $84,000 | $88,000 | $84,000 | $108,000 |
| Asian | 2 | $124,000 | $62,000 | $68,000 | $46,000 | $59,000 |
| Hispanic | 1 | $51,000 | $51,000 | $51,000 | $19,000 | $19,000 |
| 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) | 807 | $107,748,000 | $133,000 | $5,500,000 | $78,000 | $1,268,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 76 | $6,347,000 | $83,000 | $281,000 | $38,000 | $82,000 |
| 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 | 718 | $98,879,000 | $137,000 | $5,500,000 | $79,000 | $1,268,000 |
| Application Denied By Financial Institution | 103 | $10,018,000 | $97,000 | $387,000 | $51,000 | $224,000 |
| Application Approved But Not Accepted | 42 | $3,564,000 | $84,000 | $330,000 | $56,000 | $187,000 |
| Application Withdrawn By Applicant | 17 | $1,282,000 | $75,000 | $140,000 | $50,000 | $157,000 |
| File Closed For Incompleteness | 3 | $352,000 | $117,000 | $238,000 | $62,000 | $92,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Michigan Bank & Trust's 2012 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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