State Bank & Trust Company Mortgage Lending & HMDA Data, 2020
In 2020, State Bank & Trust Company of Brookhaven, MS reported 374 mortgage applications totaling $73.1 million, down 29% from 2019. The average application was for $195,347, and applicants reported an average income of $133,911. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Baton Rouge, LA (54), New Orleans-Metairie, LA (33) and Dothan, AL (15) (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 | 374 |
| Total Mortgage Loan Application Amount | $73,060,000 |
| Average Mortgage Loan Application Amount | $195,347 |
| Highest Mortgage Loan Application Amount | $5,195,000 |
| Average Applicant Income | $133,911 |
| Highest Applicant Income | $1,626,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 212 | $ 30,990,000 | $ 146,179 | $ 99,792 |
| Baton Rouge, LA | 54 | $ 8,940,000 | $ 165,555 | $ 143,000 |
| New Orleans-Metairie, LA | 33 | $ 14,855,000 | $ 450,151 | $ 155,000 |
| Dothan, AL | 15 | $ 3,035,000 | $ 202,333 | $ 203,000 |
| Jackson, MS | 13 | $ 1,235,000 | $ 95,000 | $ 143,000 |
| Hammond, LA | 11 | $ 2,195,000 | $ 199,545 | $ 117,000 |
| Mobile, AL | 9 | $ 1,965,000 | $ 218,333 | $ 128,000 |
| Daphne-Fairhope-Foley, AL | 6 | $ 1,710,000 | $ 285,000 | $ 630,000 |
| Gulfport-Biloxi-Pascagoula, MS | 4 | $ 480,000 | $ 120,000 | $ 85,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 4,225,000 | $ 1,408,333 | $ 872,000 |
| Hattiesburg, MS | 3 | $ 765,000 | $ 255,000 | $ 86,000 |
| Panama City, FL | 3 | $ 725,000 | $ 241,666 | $ 632,000 |
| Memphis, TN-MS-AR | 2 | $ 410,000 | $ 205,000 | $ 360,000 |
| Auburn-Opelika, AL | 1 | $ 565,000 | $ 565,000 | $ 0 |
| Beaumont-Port Arthur, TX | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Houma-Thibodaux, LA | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Lafayette, LA | 1 | $ 15,000 | $ 15,000 | $ 16,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 215,000 | $ 215,000 | $ 908,000 |
| Tuscaloosa, AL | 1 | $ 465,000 | $ 465,000 | $ 0 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2020
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 | 188 | $31,040,000 | $165,000 | $4,765,000 | $131,000 | $1,626,000 |
| Home Purchase | 146 | $38,650,000 | $264,000 | $5,195,000 | $141,000 | $1,616,000 |
| Home Improvement | 25 | $1,885,000 | $75,000 | $315,000 | $131,000 | $632,000 |
| Other Purpose | 14 | $1,250,000 | $89,000 | $225,000 | $111,000 | $613,000 |
| Cash-out Refinancing | 1 | $235,000 | $235,000 | $235,000 | $40,000 | $40,000 |
| 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 | 220 | $26,380,000 | $119,000 | $2,565,000 | $144,000 | $1,626,000 |
| Not applicable | 106 | $42,020,000 | $396,000 | $5,195,000 | $0 | $0 |
| Black or African American | 35 | $1,625,000 | $46,000 | $155,000 | $49,000 | $114,000 |
| Not Provided | 6 | $1,640,000 | $273,000 | $555,000 | $317,000 | $875,000 |
| Asian | 2 | $150,000 | $75,000 | $115,000 | $56,000 | $56,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $90,000 | $90,000 |
| Hispanic | 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) | 374 | $73,060,000 | $195,000 | $5,195,000 | $133,000 | $1,626,000 |
| 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 | 276 | $58,220,000 | $210,000 | $5,195,000 | $171,000 | $1,626,000 |
| Application Denied By Financial Institution | 52 | $9,610,000 | $184,000 | $4,765,000 | $58,000 | $226,000 |
| Application Approved But Not Accepted | 37 | $3,405,000 | $92,000 | $445,000 | $89,000 | $632,000 |
| Application Withdrawn By Applicant | 7 | $1,365,000 | $195,000 | $535,000 | $75,000 | $125,000 |
| File Closed For Incompleteness | 2 | $460,000 | $230,000 | $425,000 | $138,000 | $231,000 |
| 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 | 374 | $73,060,000 | $195,000 | $5,195,000 | $133,000 | $1,626,000 |
| 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 State Bank & Trust Company's 2020 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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