Southern Michigan Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Southern Michigan Bank & Trust of Coldwater, MI reported 401 mortgage applications totaling $60.8 million, up 25% from 2018. The average application was for $151,583, and applicants reported an average income of $90,802. 79% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Battle Creek, MI (66), Kalamazoo-Portage, MI (19) and Jackson, 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 | 401 |
| Total Mortgage Loan Application Amount | $60,785,000 |
| Average Mortgage Loan Application Amount | $151,583 |
| Highest Mortgage Loan Application Amount | $10,405,000 |
| Average Applicant Income | $90,802 |
| Highest Applicant Income | $613,000 |
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records Southern Michigan Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 151 | $ 18,175,000 | $ 120,364 | $ 89,000 |
| Calhoun, Michigan | 66 | $ 6,140,000 | $ 93,030 | $ 98,000 |
| Hillsdale, Michigan | 65 | $ 6,145,000 | $ 94,538 | $ 64,000 |
| St. Joseph, Michigan | 57 | $ 5,705,000 | $ 100,087 | $ 79,000 |
| Kalamazoo, Michigan | 19 | $ 6,205,000 | $ 326,578 | $ 153,000 |
| Jackson, Michigan | 13 | $ 1,715,000 | $ 131,923 | $ 102,000 |
| Steuben, Indiana | 4 | $ 1,070,000 | $ 267,500 | $ 126,000 |
| Eaton, Michigan | 3 | $ 415,000 | $ 138,333 | $ 108,000 |
| Kent, Michigan | 3 | $ 725,000 | $ 241,666 | $ 161,000 |
| Lenawee, Michigan | 3 | $ 635,000 | $ 211,666 | $ 95,000 |
| Barry, Michigan | 2 | $ 610,000 | $ 305,000 | $ 170,000 |
| Cass, Michigan | 2 | $ 410,000 | $ 205,000 | $ 94,000 |
| Ingham, Michigan | 2 | $ 10,560,000 | $ 5,280,000 | $ 105,000 |
| Maricopa, Arizona | 1 | $ 85,000 | $ 85,000 | $ 132,000 |
| Adams, Indiana | 1 | $ 135,000 | $ 135,000 | $ 57,000 |
| Allen, Indiana | 1 | $ 235,000 | $ 235,000 | $ 97,000 |
| Elkhart, Indiana | 1 | $ 135,000 | $ 135,000 | $ 46,000 |
| LaGrange, Indiana | 1 | $ 385,000 | $ 385,000 | $ 125,000 |
| Alger, Michigan | 1 | $ 375,000 | $ 375,000 | $ 120,000 |
| Allegan, Michigan | 1 | $ 195,000 | $ 195,000 | $ 95,000 |
| Monroe, Michigan | 1 | $ 45,000 | $ 45,000 | $ 148,000 |
| Oakland, Michigan | 1 | $ 295,000 | $ 295,000 | $ 202,000 |
| Washtenaw, Michigan | 1 | $ 305,000 | $ 305,000 | $ 540,000 |
| Marion, Ohio | 1 | $ 85,000 | $ 85,000 | $ 179,000 |
Mortgage Loan Application Detail Totals for Southern Michigan Bank & Trust in 2019
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 | 153 | $23,285,000 | $152,000 | $805,000 | $100,000 | $613,000 |
| Refinancing | 132 | $27,200,000 | $206,000 | $10,405,000 | $80,000 | $576,000 |
| Cash-out Refinancing | 59 | $7,925,000 | $134,000 | $485,000 | $92,000 | $470,000 |
| Other Purpose | 31 | $1,235,000 | $39,000 | $155,000 | $94,000 | $327,000 |
| Home Improvement | 26 | $1,140,000 | $43,000 | $245,000 | $85,000 | $232,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 374 | $55,250,000 | $147,000 | $10,405,000 | $92,000 | $613,000 |
| Not applicable | 16 | $4,540,000 | $283,000 | $2,025,000 | $0 | $0 |
| Hispanic | 5 | $415,000 | $83,000 | $105,000 | $45,000 | $64,000 |
| Asian | 3 | $95,000 | $31,000 | $45,000 | $50,000 | $92,000 |
| Not Provided | 3 | $485,000 | $161,000 | $225,000 | $85,000 | $116,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $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) | 400 | $60,560,000 | $151,000 | $10,405,000 | $91,000 | $613,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $225,000 | $225,000 | $225,000 | $116,000 | $116,000 |
| 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 | 315 | $51,035,000 | $162,000 | $10,405,000 | $95,000 | $613,000 |
| Application Denied By Financial Institution | 45 | $4,375,000 | $97,000 | $475,000 | $64,000 | $600,000 |
| Application Approved But Not Accepted | 25 | $3,665,000 | $146,000 | $465,000 | $97,000 | $327,000 |
| Application Withdrawn By Applicant | 14 | $1,560,000 | $111,000 | $275,000 | $88,000 | $223,000 |
| File Closed For Incompleteness | 2 | $150,000 | $75,000 | $85,000 | $49,000 | $54,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 401 | $60,785,000 | $151,000 | $10,405,000 | $91,000 | $613,000 |
| 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 |
| Not applicable | 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 2019 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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