State Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, State Bank & Trust Company of Brookhaven, MS reported 1,672 mortgage applications totaling $181.5 million, down 14% from 2007. The average application was for $108,547, and applicants reported an average income of $98,576. 63% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Baton Rouge, LA (252), Jackson, MS (222) and Dothan, AL (71) (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 | 1,672 |
| Total Mortgage Loan Application Amount | $181,492,000 |
| Average Mortgage Loan Application Amount | $108,547 |
| Highest Mortgage Loan Application Amount | $3,213,000 |
| Average Applicant Income | $98,576 |
| Highest Applicant Income | $7,650,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 237 | $ 14,809,000 | $ 62,485 | $ 68,000 |
| Pike, Mississippi | 123 | $ 10,076,000 | $ 81,918 | $ 100,000 |
| Pointe Coupee, Louisiana | 100 | $ 10,866,000 | $ 108,660 | $ 73,000 |
| Lawrence, Mississippi | 85 | $ 5,400,000 | $ 63,529 | $ 87,000 |
| East Baton Rouge, Louisiana | 79 | $ 17,624,000 | $ 223,088 | $ 133,000 |
| Leflore, Mississippi | 79 | $ 4,238,000 | $ 53,645 | $ 104,000 |
| Hinds, Mississippi | 78 | $ 9,353,000 | $ 119,910 | $ 125,000 |
| Geneva, Alabama | 70 | $ 4,374,000 | $ 62,485 | $ 59,000 |
| Grenada, Mississippi | 68 | $ 4,921,000 | $ 72,367 | $ 86,000 |
| Bolivar, Mississippi | 67 | $ 4,893,000 | $ 73,029 | $ 67,000 |
| Rankin, Mississippi | 61 | $ 7,901,000 | $ 129,524 | $ 154,000 |
| Madison, Mississippi | 57 | $ 9,132,000 | $ 160,210 | $ 136,000 |
| Claiborne, Mississippi | 42 | $ 1,192,000 | $ 28,380 | $ 39,000 |
| Marion, Mississippi | 40 | $ 4,398,000 | $ 109,950 | $ 75,000 |
| Tangipahoa, Louisiana | 30 | $ 8,336,000 | $ 277,866 | $ 73,000 |
| Livingston, Louisiana | 29 | $ 5,474,000 | $ 188,758 | $ 74,000 |
| Holmes, Florida | 23 | $ 709,000 | $ 30,826 | $ 56,000 |
| Copiah, Mississippi | 23 | $ 2,018,000 | $ 87,739 | $ 82,000 |
| Ascension, Louisiana | 22 | $ 5,062,000 | $ 230,090 | $ 115,000 |
| St. Tammany, Louisiana | 21 | $ 6,384,000 | $ 304,000 | $ 291,000 |
| Carroll, Mississippi | 17 | $ 953,000 | $ 56,058 | $ 61,000 |
| Amite, Mississippi | 16 | $ 1,220,000 | $ 76,250 | $ 112,000 |
| Walthall, Mississippi | 16 | $ 2,298,000 | $ 143,625 | $ 552,000 |
| West Baton Rouge, Louisiana | 13 | $ 3,473,000 | $ 267,153 | $ 60,000 |
| Sunflower, Mississippi | 13 | $ 598,000 | $ 46,000 | $ 40,000 |
| Tallahatchie, Mississippi | 9 | $ 751,000 | $ 83,444 | $ 81,000 |
| Acadia, Louisiana | 8 | $ 431,000 | $ 53,875 | $ 56,000 |
| Lafayette, Louisiana | 8 | $ 1,157,000 | $ 144,625 | $ 72,000 |
| St. Landry, Louisiana | 8 | $ 546,000 | $ 68,250 | $ 62,000 |
| Walton, Florida | 7 | $ 2,399,000 | $ 342,714 | $ 102,000 |
| Mobile, Alabama | 6 | $ 2,512,000 | $ 418,666 | $ 152,000 |
| Jefferson, Mississippi | 6 | $ 439,000 | $ 73,166 | $ 96,000 |
| Lamar, Mississippi | 6 | $ 997,000 | $ 166,166 | $ 111,000 |
| Yalobusha, Mississippi | 6 | $ 599,000 | $ 99,833 | $ 329,000 |
| West Feliciana, Louisiana | 5 | $ 1,027,000 | $ 205,400 | $ 81,000 |
| Montgomery, Mississippi | 5 | $ 237,000 | $ 47,400 | $ 59,000 |
| Washington, Mississippi | 5 | $ 225,000 | $ 45,000 | $ 95,000 |
| Baldwin, Alabama | 4 | $ 1,893,000 | $ 473,250 | $ 309,000 |
| Bay, Florida | 4 | $ 1,180,000 | $ 295,000 | $ 138,000 |
| Iberville, Louisiana | 4 | $ 348,000 | $ 87,000 | $ 70,000 |
| Forrest, Mississippi | 4 | $ 382,000 | $ 95,500 | $ 89,000 |
| Coffee, Alabama | 3 | $ 136,000 | $ 45,333 | $ 78,000 |
| Dale, Alabama | 3 | $ 187,000 | $ 62,333 | $ 1,535,000 |
| Montgomery, Alabama | 3 | $ 671,000 | $ 223,666 | $ 69,000 |
| Washington, Florida | 3 | $ 144,000 | $ 48,000 | $ 78,000 |
| Orleans, Louisiana | 3 | $ 326,000 | $ 108,666 | $ 73,000 |
| Holmes, Mississippi | 3 | $ 77,000 | $ 25,666 | $ 34,000 |
| Lafayette, Mississippi | 3 | $ 275,000 | $ 91,666 | $ 117,000 |
| Simpson, Mississippi | 3 | $ 115,000 | $ 38,333 | $ 37,000 |
| Tallapoosa, Alabama | 2 | $ 271,000 | $ 135,500 | $ 113,000 |
| Caddo, Louisiana | 2 | $ 338,000 | $ 169,000 | $ 112,000 |
| Concordia, Louisiana | 2 | $ 262,000 | $ 131,000 | $ 131,000 |
| Franklin, Mississippi | 2 | $ 251,000 | $ 125,500 | $ 104,000 |
| Jackson, Mississippi | 2 | $ 212,000 | $ 106,000 | $ 96,000 |
| Jefferson Davis, Mississippi | 2 | $ 158,000 | $ 79,000 | $ 152,000 |
| Yazoo, Mississippi | 2 | $ 100,000 | $ 50,000 | $ 13,000 |
| Barbour, Alabama | 1 | $ 37,000 | $ 37,000 | $ 160,000 |
| Hale, Alabama | 1 | $ 173,000 | $ 173,000 | $ 85,000 |
| Henry, Alabama | 1 | $ 100,000 | $ 100,000 | $ 126,000 |
| Madison, Alabama | 1 | $ 156,000 | $ 156,000 | $ 102,000 |
| Pike, Alabama | 1 | $ 22,000 | $ 22,000 | $ 144,000 |
| Garland, Arkansas | 1 | $ 138,000 | $ 138,000 | $ 239,000 |
| Miami-Dade, Florida | 1 | $ 701,000 | $ 701,000 | $ 0 |
| Okaloosa, Florida | 1 | $ 610,000 | $ 610,000 | $ 180,000 |
| Oconee, Georgia | 1 | $ 152,000 | $ 152,000 | $ 2,792,000 |
| Cook, Illinois | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Catahoula, Louisiana | 1 | $ 57,000 | $ 57,000 | $ 88,000 |
| Evangeline, Louisiana | 1 | $ 15,000 | $ 15,000 | $ 36,000 |
| Jefferson Davis, Louisiana | 1 | $ 27,000 | $ 27,000 | $ 129,000 |
| St. Bernard, Louisiana | 1 | $ 60,000 | $ 60,000 | $ 43,000 |
| St. James, Louisiana | 1 | $ 107,000 | $ 107,000 | $ 0 |
| Adams, Mississippi | 1 | $ 426,000 | $ 426,000 | $ 120,000 |
| Coahoma, Mississippi | 1 | $ 23,000 | $ 23,000 | $ 60,000 |
| Covington, Mississippi | 1 | $ 40,000 | $ 40,000 | $ 20,000 |
| DeSoto, Mississippi | 1 | $ 63,000 | $ 63,000 | $ 31,000 |
| Hancock, Mississippi | 1 | $ 46,000 | $ 46,000 | $ 38,000 |
| Harrison, Mississippi | 1 | $ 318,000 | $ 318,000 | $ 238,000 |
| Jones, Mississippi | 1 | $ 106,000 | $ 106,000 | $ 75,000 |
| Newton, Mississippi | 1 | $ 156,000 | $ 156,000 | $ 69,000 |
| Pearl River, Mississippi | 1 | $ 8,000 | $ 8,000 | $ 0 |
| Scott, Mississippi | 1 | $ 5,000 | $ 5,000 | $ 88,000 |
| Stone, Mississippi | 1 | $ 279,000 | $ 279,000 | $ 235,000 |
| Warren, Mississippi | 1 | $ 239,000 | $ 239,000 | $ 161,000 |
| Winston, Mississippi | 1 | $ 81,000 | $ 81,000 | $ 90,000 |
| Manitowoc, Wisconsin | 1 | $ 2,000 | $ 2,000 | $ 23,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2008
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 | 735 | $80,299,000 | $109,000 | $3,213,000 | $109,000 | $4,500,000 |
| Home Purchase | 626 | $91,817,000 | $146,000 | $2,892,000 | $106,000 | $7,650,000 |
| Home Improvement | 311 | $9,376,000 | $30,000 | $436,000 | $59,000 | $773,000 |
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 | 1,150 | $126,421,000 | $109,000 | $1,304,000 | $126,000 | $7,650,000 |
| Black or African American | 361 | $21,224,000 | $58,000 | $650,000 | $50,000 | $956,000 |
| Not applicable | 116 | $29,087,000 | $250,000 | $3,213,000 | $0 | $0 |
| Hispanic | 21 | $2,330,000 | $110,000 | $700,000 | $55,000 | $140,000 |
| Asian | 12 | $1,579,000 | $131,000 | $238,000 | $70,000 | $156,000 |
| Not Provided | 7 | $576,000 | $82,000 | $186,000 | $48,000 | $87,000 |
| American Indian or Alaskan Native | 3 | $121,000 | $40,000 | $61,000 | $44,000 | $74,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $154,000 | $77,000 | $128,000 | $68,000 | $99,000 |
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) | 1,536 | $165,358,000 | $107,000 | $3,213,000 | $103,000 | $7,650,000 |
| FHA-insured (Federal Housing Administration) | 98 | $11,530,000 | $117,000 | $274,000 | $50,000 | $160,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 29 | $3,309,000 | $114,000 | $236,000 | $52,000 | $148,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,295,000 | $143,000 | $212,000 | $60,000 | $119,000 |
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 | 1,055 | $116,391,000 | $110,000 | $3,213,000 | $122,000 | $7,650,000 |
| Application Denied By Financial Institution | 323 | $25,161,000 | $77,000 | $750,000 | $51,000 | $558,000 |
| Application Approved But Not Accepted | 184 | $25,617,000 | $139,000 | $780,000 | $83,000 | $753,000 |
| Preapproval Denied by Financial Institution | 98 | $12,742,000 | $130,000 | $650,000 | $47,000 | $131,000 |
| File Closed For Incompleteness | 8 | $916,000 | $114,000 | $236,000 | $58,000 | $148,000 |
| Application Withdrawn By Applicant | 4 | $665,000 | $166,000 | $209,000 | $29,000 | $61,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
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 2008 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.
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