State Bank & Trust Company Mortgage Lending & HMDA Data, 2003
In 2003, State Bank & Trust Company of Brookhaven, MS reported 805 mortgage applications totaling $36.5 million. The average application was for $45,378, and applicants reported an average income of $94,249. 64% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Jackson, MS (52), Hattiesburg, MS (5) and Austin-San Marcos, TX (1) (applications in parentheses).
| Mortgage Company & Address | State Bank & Trust Company 147 South Railroad Avenue Brookhaven, MS 39601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 805 |
| Total Mortgage Loan Application Amount | $36,530,000 |
| Average Mortgage Loan Application Amount | $45,378 |
| Highest Mortgage Loan Application Amount | $529,000 |
| Average Applicant Income | $94,249 |
| Highest Applicant Income | $8,935,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lincoln, Mississippi | 201 | $ 6,679,000 | $ 33,228 | $ 194,000 |
| Lawrence, Mississippi | 64 | $ 2,183,000 | $ 34,109 | $ 45,000 |
| Pike, Mississippi | 56 | $ 2,678,000 | $ 47,821 | $ 98,000 |
| Marion, Mississippi | 45 | $ 3,009,000 | $ 66,866 | $ 80,000 |
| Washington, Mississippi | 44 | $ 1,855,000 | $ 42,159 | $ 61,000 |
| Leflore, Mississippi | 42 | $ 1,846,000 | $ 43,952 | $ 71,000 |
| Grenada, Mississippi | 41 | $ 1,962,000 | $ 47,853 | $ 44,000 |
| Bolivar, Mississippi | 36 | $ 1,812,000 | $ 50,333 | $ 98,000 |
| Hinds, Mississippi | 30 | $ 2,874,000 | $ 95,800 | $ 255,000 |
| Tate, Mississippi | 27 | $ 1,442,000 | $ 53,407 | $ 78,000 |
| Panola, Mississippi | 26 | $ 1,300,000 | $ 50,000 | $ 56,000 |
| Tallahatchie, Mississippi | 26 | $ 569,000 | $ 21,884 | $ 36,000 |
| Coahoma, Mississippi | 19 | $ 485,000 | $ 25,526 | $ 42,000 |
| Claiborne, Mississippi | 18 | $ 395,000 | $ 21,944 | $ 31,000 |
| Warren, Mississippi | 17 | $ 624,000 | $ 36,705 | $ 52,000 |
| Copiah, Mississippi | 16 | $ 435,000 | $ 27,187 | $ 44,000 |
| Rankin, Mississippi | 14 | $ 1,699,000 | $ 121,357 | $ 94,000 |
| Carroll, Mississippi | 8 | $ 319,000 | $ 39,875 | $ 46,000 |
| Madison, Mississippi | 8 | $ 626,000 | $ 78,250 | $ 87,000 |
| DeSoto, Mississippi | 6 | $ 305,000 | $ 50,833 | $ 176,000 |
| Walthall, Mississippi | 6 | $ 277,000 | $ 46,166 | $ 46,000 |
| Amite, Mississippi | 5 | $ 232,000 | $ 46,400 | $ 149,000 |
| Jefferson, Mississippi | 5 | $ 84,000 | $ 16,800 | $ 48,000 |
| Sunflower, Mississippi | 5 | $ 183,000 | $ 36,600 | $ 74,000 |
| Yalobusha, Mississippi | 4 | $ 160,000 | $ 40,000 | $ 60,000 |
| Forrest, Mississippi | 3 | $ 165,000 | $ 55,000 | $ 77,000 |
| Lafayette, Mississippi | 3 | $ 137,000 | $ 45,666 | $ 121,000 |
| Phillips, Arkansas | 2 | $ 26,000 | $ 13,000 | $ 130,000 |
| Holmes, Mississippi | 2 | $ 164,000 | $ 82,000 | $ 40,000 |
| Lamar, Mississippi | 2 | $ 283,000 | $ 141,500 | $ 51,000 |
| Lauderdale, Mississippi | 2 | $ 49,000 | $ 24,500 | $ 62,000 |
| Montgomery, Mississippi | 2 | $ 87,000 | $ 43,500 | $ 33,000 |
| Cook, Illinois | 1 | $ 75,000 | $ 75,000 | $ 37,000 |
| Harrison, Indiana | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| St. John the Baptist, Louisiana | 1 | $ 135,000 | $ 135,000 | $ 36,000 |
| Tangipahoa, Louisiana | 1 | $ 354,000 | $ 354,000 | $ 175,000 |
| Tensas, Louisiana | 1 | $ 85,000 | $ 85,000 | $ 72,000 |
| Washington, Louisiana | 1 | $ 80,000 | $ 80,000 | $ 27,000 |
| Franklin, Mississippi | 1 | $ 12,000 | $ 12,000 | $ 0 |
| Hancock, Mississippi | 1 | $ 158,000 | $ 158,000 | $ 36,000 |
| Issaquena, Mississippi | 1 | $ 8,000 | $ 8,000 | $ 30,000 |
| Jefferson Davis, Mississippi | 1 | $ 40,000 | $ 40,000 | $ 16,000 |
| Jones, Mississippi | 1 | $ 32,000 | $ 32,000 | $ 76,000 |
| Lowndes, Mississippi | 1 | $ 178,000 | $ 178,000 | $ 130,000 |
| Marshall, Mississippi | 1 | $ 2,000 | $ 2,000 | $ 11,000 |
| Oktibbeha, Mississippi | 1 | $ 100,000 | $ 100,000 | $ 32,000 |
| Quitman, Mississippi | 1 | $ 14,000 | $ 14,000 | $ 48,000 |
| Sharkey, Mississippi | 1 | $ 60,000 | $ 60,000 | $ 106,000 |
| Simpson, Mississippi | 1 | $ 22,000 | $ 22,000 | $ 1,775,000 |
| Tulsa, Oklahoma | 1 | $ 6,000 | $ 6,000 | $ 30,000 |
| Shelby, Tennessee | 1 | $ 25,000 | $ 25,000 | $ 391,000 |
| Travis, Texas | 1 | $ 135,000 | $ 135,000 | $ 93,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2003
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 (one-to-four family) | 351 | $19,725,000 | $73,142 | $354,000 | $81,142 | $8,935,000 |
| Home Improvement (one-to-four family) | 297 | $4,120,000 | $19,000 | $119,000 | $219,000 | $391,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 153 | $11,823,000 | $77,000 | $529,000 | $83,000 | $1,937,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 4 | $862,000 | $215,000 | $441,000 | $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 | 537 | $28,827,000 | $70,500 | $529,000 | $173,000 | $1,937,000 |
| Black | 239 | $5,784,000 | $63,800 | $165,000 | $44,800 | $156,000 |
| Not applicable | 20 | $1,486,000 | $74,000 | $265,000 | $502,000 | $8,935,000 |
| American Indian or Alaskan Native | 3 | $116,000 | $45,000 | $65,000 | $476,500 | $1,775,000 |
| Asian or Pacific Islander | 3 | $195,000 | $65,000 | $105,000 | $41,000 | $61,000 |
| Information not provided by applicant in mail or telephone application | 2 | $75,000 | $37,000 | $45,000 | $33,000 | $55,000 |
| Hispanic | 1 | $47,000 | $47,000 | $47,000 | $36,000 | $36,000 |
| Other | 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) | 805 | $36,530,000 | $65,750 | $529,000 | $113,625 | $8,935,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 513 | $24,556,000 | $76,000 | $529,000 | $196,000 | $8,935,000 |
| Application Denied By Financial Institution | 260 | $9,200,000 | $65,833 | $200,000 | $46,666 | $132,000 |
| Application Approved But Not Accepted | 29 | $2,649,000 | $112,000 | $235,000 | $52,000 | $240,000 |
| File Closed For Incompleteness | 3 | $125,000 | $41,000 | $60,000 | $42,000 | $55,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| 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 State Bank & Trust Company's 2003 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 State Bank & Trust Company'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 Mississippi, download the full spreadsheet
with aggregated HMDA statistics today.
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