State Bank & Trust Company Mortgage Lending & HMDA Data, 2005
In 2005, State Bank & Trust Company of Brookhaven, MS reported 1,639 mortgage applications totaling $123.5 million, up 53% from 2004. The average application was for $75,357, and applicants reported an average income of $69,385. 76% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Baton Rouge, LA (378), Jackson, MS (63) and New Orleans-Metairie-Kenner, LA (22) (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 | 1,639 |
| Total Mortgage Loan Application Amount | $123,511,000 |
| Average Mortgage Loan Application Amount | $75,357 |
| Highest Mortgage Loan Application Amount | $1,490,000 |
| Average Applicant Income | $69,385 |
| Highest Applicant Income | $9,999,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Baton Rouge, LA | 378 | $ 50,506,000 | $ 133,613 | $ 72,000 |
| Jackson, MS | 63 | $ 7,493,000 | $ 118,936 | $ 91,000 |
| New Orleans-Metairie-Kenner, LA | 22 | $ 3,464,000 | $ 157,454 | $ 479,000 |
| Lafayette, LA | 10 | $ 1,093,000 | $ 109,300 | $ 48,000 |
| Hattiesburg, MS | 6 | $ 676,000 | $ 112,666 | $ 35,000 |
| Gulfport-Biloxi, MS | 3 | $ 558,000 | $ 186,000 | $ 142,000 |
| Shreveport-Bossier City, LA | 3 | $ 287,000 | $ 95,666 | $ 57,000 |
| Houma-Bayou Cane-Thibodaux, LA | 2 | $ 102,000 | $ 51,000 | $ 48,000 |
| Alexandria, LA | 1 | $ 30,000 | $ 30,000 | $ 71,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 360,000 | $ 360,000 | $ 568,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 217,000 | $ 217,000 | $ 205,000 |
| Lake Charles, LA | 1 | $ 62,000 | $ 62,000 | $ 109,000 |
| Memphis, TN-MS-AR | 1 | $ 33,000 | $ 33,000 | $ 0 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 37,000 | $ 37,000 | $ 55,000 |
| Orlando, FL | 1 | $ 250,000 | $ 250,000 | $ 7,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 165,000 | $ 165,000 | $ 40,000 |
| Tuscaloosa, AL | 1 | $ 10,000 | $ 10,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2005
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 | 662 | $53,157,000 | $136,800 | $1,360,000 | $170,200 | $9,999,000 |
| Home Purchase | 653 | $62,158,000 | $136,666 | $1,490,000 | $82,666 | $5,218,000 |
| Home Improvement | 324 | $8,196,000 | $39,750 | $259,000 | $61,250 | $938,000 |
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 | 1,098 | $90,079,000 | $113,714 | $1,360,000 | $109,714 | $9,999,000 |
| Black or African American | 422 | $19,636,000 | $81,333 | $1,490,000 | $64,333 | $1,393,000 |
| Not applicable | 92 | $11,684,000 | $122,750 | $840,000 | $144,750 | $5,218,000 |
| Hispanic | 16 | $1,328,000 | $83,000 | $195,000 | $56,500 | $187,000 |
| Asian | 9 | $730,000 | $83,500 | $146,000 | $53,500 | $120,000 |
| American Indian or Alaskan Native | 1 | $39,000 | $39,000 | $39,000 | $72,000 | $72,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $15,000 | $15,000 | $15,000 | $43,000 | $43,000 |
| Not Provided | 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) | 1,638 | $123,431,000 | $115,571 | $1,490,000 | $105,571 | $9,999,000 |
| VA-guaranteed (Veterans Administration) | 1 | $80,000 | $80,000 | $80,000 | $22,000 | $22,000 |
| 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 |
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 | 1,239 | $93,076,000 | $132,500 | $1,360,000 | $136,833 | $9,999,000 |
| Application Denied By Financial Institution | 231 | $10,505,000 | $47,000 | $450,000 | $45,750 | $321,000 |
| Application Approved But Not Accepted | 115 | $12,445,000 | $123,666 | $350,000 | $65,000 | $480,000 |
| Preapproval Denied by Financial Institution | 32 | $3,675,000 | $114,000 | $220,000 | $43,000 | $96,000 |
| File Closed For Incompleteness | 14 | $3,002,000 | $259,250 | $1,490,000 | $100,750 | $502,000 |
| Application Withdrawn By Applicant | 8 | $808,000 | $95,000 | $192,000 | $51,000 | $104,000 |
| 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 2005 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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