State Bank & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, State Bank & Trust Company of Brookhaven, MS reported 1,072 mortgage applications totaling $53.6 million, up 33% from 2003. The average application was for $49,982, and applicants reported an average income of $58,069. 73% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Jackson, MS (107), Hattiesburg, MS (6) and Fort Walton Beach-Crestview-Destin, FL (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 | 1,072 |
| Total Mortgage Loan Application Amount | $53,581,000 |
| Average Mortgage Loan Application Amount | $49,982 |
| Highest Mortgage Loan Application Amount | $956,000 |
| Average Applicant Income | $58,069 |
| Highest Applicant Income | $2,023,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 280 | $ 10,226,000 | $ 36,521 | $ 48,000 |
| Leflore, Mississippi | 93 | $ 4,671,000 | $ 50,225 | $ 45,000 |
| Grenada, Mississippi | 85 | $ 5,897,000 | $ 69,376 | $ 37,000 |
| Pike, Mississippi | 78 | $ 4,190,000 | $ 53,717 | $ 53,000 |
| Lawrence, Mississippi | 73 | $ 3,051,000 | $ 41,794 | $ 47,000 |
| Bolivar, Mississippi | 63 | $ 2,666,000 | $ 42,317 | $ 62,000 |
| Hinds, Mississippi | 38 | $ 2,550,000 | $ 67,105 | $ 91,000 |
| Claiborne, Mississippi | 34 | $ 666,000 | $ 19,588 | $ 30,000 |
| Panola, Mississippi | 31 | $ 2,368,000 | $ 76,387 | $ 52,000 |
| Marion, Mississippi | 29 | $ 1,610,000 | $ 55,517 | $ 43,000 |
| Rankin, Mississippi | 28 | $ 2,022,000 | $ 72,214 | $ 75,000 |
| Tallahatchie, Mississippi | 24 | $ 371,000 | $ 15,458 | $ 32,000 |
| Warren, Mississippi | 23 | $ 1,791,000 | $ 77,869 | $ 46,000 |
| Madison, Mississippi | 21 | $ 2,808,000 | $ 133,714 | $ 107,000 |
| Coahoma, Mississippi | 20 | $ 504,000 | $ 25,200 | $ 40,000 |
| Copiah, Mississippi | 17 | $ 897,000 | $ 52,764 | $ 67,000 |
| Washington, Mississippi | 17 | $ 459,000 | $ 27,000 | $ 58,000 |
| Tate, Mississippi | 14 | $ 673,000 | $ 48,071 | $ 52,000 |
| Montgomery, Mississippi | 11 | $ 407,000 | $ 37,000 | $ 41,000 |
| Walthall, Mississippi | 11 | $ 479,000 | $ 43,545 | $ 72,000 |
| Carroll, Mississippi | 10 | $ 468,000 | $ 46,800 | $ 255,000 |
| Yalobusha, Mississippi | 9 | $ 340,000 | $ 37,777 | $ 48,000 |
| Forrest, Mississippi | 6 | $ 352,000 | $ 58,666 | $ 34,000 |
| Lafayette, Mississippi | 6 | $ 394,000 | $ 65,666 | $ 151,000 |
| Amite, Mississippi | 5 | $ 362,000 | $ 72,400 | $ 85,000 |
| Holmes, Mississippi | 5 | $ 178,000 | $ 35,600 | $ 37,000 |
| Sunflower, Mississippi | 5 | $ 178,000 | $ 35,600 | $ 41,000 |
| Franklin, Mississippi | 4 | $ 178,000 | $ 44,500 | $ 42,000 |
| Jefferson, Mississippi | 4 | $ 218,000 | $ 54,500 | $ 72,000 |
| Madison, Louisiana | 3 | $ 35,000 | $ 11,666 | $ 28,000 |
| Simpson, Mississippi | 3 | $ 214,000 | $ 71,333 | $ 52,000 |
| Phillips, Arkansas | 2 | $ 40,000 | $ 20,000 | $ 200,000 |
| Tangipahoa, Louisiana | 2 | $ 48,000 | $ 24,000 | $ 25,000 |
| DeSoto, Mississippi | 2 | $ 53,000 | $ 26,500 | $ 40,000 |
| Jefferson Davis, Mississippi | 2 | $ 118,000 | $ 59,000 | $ 134,000 |
| Quitman, Mississippi | 2 | $ 146,000 | $ 73,000 | $ 52,000 |
| Baldwin, Alabama | 1 | $ 596,000 | $ 596,000 | $ 260,000 |
| Etowah, Alabama | 1 | $ 185,000 | $ 185,000 | $ 57,000 |
| Chicot, Arkansas | 1 | $ 1,000 | $ 1,000 | $ 15,000 |
| Okaloosa, Florida | 1 | $ 69,000 | $ 69,000 | $ 138,000 |
| Adams, Mississippi | 1 | $ 524,000 | $ 524,000 | $ 0 |
| Chickasaw, Mississippi | 1 | $ 33,000 | $ 33,000 | $ 44,000 |
| Humphreys, Mississippi | 1 | $ 142,000 | $ 142,000 | $ 0 |
| Lauderdale, Mississippi | 1 | $ 131,000 | $ 131,000 | $ 75,000 |
| Wilkinson, Mississippi | 1 | $ 80,000 | $ 80,000 | $ 0 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2004
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 | 449 | $29,102,000 | $38,500 | $956,000 | $38,500 | $1,920,000 |
| Home Purchase | 339 | $18,929,000 | $110,400 | $596,000 | $97,000 | $2,023,000 |
| Home Improvement | 284 | $5,550,000 | $25,000 | $290,000 | $57,750 | $267,000 |
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 | 707 | $36,974,000 | $98,500 | $636,000 | $105,666 | $2,023,000 |
| Black or African American | 304 | $8,587,000 | $35,250 | $202,000 | $29,250 | $211,000 |
| Not applicable | 42 | $6,338,000 | $150,000 | $956,000 | $0 | $0 |
| Asian | 8 | $562,000 | $70,000 | $200,000 | $68,000 | $171,000 |
| American Indian or Alaskan Native | 4 | $161,000 | $33,500 | $59,000 | $47,500 | $173,000 |
| Hispanic | 3 | $280,000 | $93,000 | $200,000 | $87,000 | $148,000 |
| Not Provided | 3 | $479,000 | $159,000 | $206,000 | $53,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $200,000 | $200,000 | $200,000 | $83,000 | $83,000 |
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) | 1,072 | $53,581,000 | $100,166 | $956,000 | $87,166 | $2,023,000 |
| 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 | 786 | $40,323,000 | $152,600 | $956,000 | $141,200 | $2,023,000 |
| Application Denied By Financial Institution | 237 | $8,234,000 | $28,000 | $300,000 | $28,500 | $240,000 |
| Application Approved But Not Accepted | 30 | $3,211,000 | $107,000 | $270,000 | $57,000 | $147,000 |
| File Closed For Incompleteness | 16 | $1,702,000 | $143,000 | $200,000 | $51,500 | $104,000 |
| Application Withdrawn By Applicant | 3 | $111,000 | $37,000 | $60,000 | $43,000 | $61,000 |
| 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 State Bank & Trust Company's 2004 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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