State Bank & Trust Company Mortgage Lending & HMDA Data, 2006
In 2006, State Bank & Trust Company of Brookhaven, MS reported 1,792 mortgage applications totaling $157.4 million, up 9% from 2005. The average application was for $87,860, and applicants reported an average income of $83,603. 69% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Baton Rouge, LA (511), Jackson, MS (112) and New Orleans-Metairie-Kenner, LA (45) (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 | 1,792 |
| Total Mortgage Loan Application Amount | $157,446,000 |
| Average Mortgage Loan Application Amount | $87,860 |
| Highest Mortgage Loan Application Amount | $3,570,000 |
| Average Applicant Income | $83,603 |
| Highest Applicant Income | $1,998,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 511 | $ 70,115,000 | $ 137,211 | $ 99,000 |
| Jackson, MS | 112 | $ 10,867,000 | $ 97,026 | $ 113,000 |
| New Orleans-Metairie-Kenner, LA | 45 | $ 10,077,000 | $ 223,933 | $ 74,000 |
| Memphis, TN-MS-AR | 15 | $ 714,000 | $ 47,600 | $ 86,000 |
| Hattiesburg, MS | 7 | $ 276,000 | $ 39,428 | $ 61,000 |
| Lafayette, LA | 7 | $ 622,000 | $ 88,857 | $ 45,000 |
| Gulfport-Biloxi, MS | 6 | $ 4,446,000 | $ 741,000 | $ 108,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 2,549,000 | $ 1,274,500 | $ 1,635,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 3,000 | $ 3,000 | $ 0 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 177,000 | $ 177,000 | $ 108,000 |
| Mobile, AL | 1 | $ 114,000 | $ 114,000 | $ 55,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 121,000 | $ 121,000 | $ 39,000 |
| Shreveport-Bossier City, LA | 1 | $ 120,000 | $ 120,000 | $ 38,000 |
| Spartanburg, SC | 1 | $ 331,000 | $ 331,000 | $ 336,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2006
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 | 770 | $91,043,000 | $118,000 | $3,570,000 | $86,000 | $1,998,000 |
| Refinancing | 592 | $53,211,000 | $89,000 | $2,846,000 | $94,000 | $1,923,000 |
| Home Improvement | 430 | $13,192,000 | $30,000 | $1,500,000 | $65,000 | $1,456,000 |
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 | 1,212 | $108,860,000 | $89,000 | $2,000,000 | $104,000 | $1,998,000 |
| Black or African American | 416 | $16,832,000 | $40,000 | $450,000 | $50,000 | $763,000 |
| Not applicable | 123 | $26,594,000 | $216,000 | $3,570,000 | $3,000 | $236,000 |
| Asian | 20 | $2,915,000 | $145,000 | $253,000 | $64,000 | $149,000 |
| Hispanic | 12 | $1,470,000 | $122,000 | $321,000 | $83,000 | $195,000 |
| Not Provided | 5 | $453,000 | $90,000 | $183,000 | $31,000 | $71,000 |
| American Indian or Alaskan Native | 3 | $283,000 | $94,000 | $186,000 | $47,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $39,000 | $39,000 | $39,000 | $121,000 | $121,000 |
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) | 1,772 | $155,350,000 | $87,000 | $3,570,000 | $84,000 | $1,998,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,101,000 | $84,000 | $180,000 | $34,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 7 | $995,000 | $142,000 | $257,000 | $58,000 | $125,000 |
| 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 | 1,237 | $106,936,000 | $86,000 | $3,570,000 | $90,000 | $1,998,000 |
| Application Denied By Financial Institution | 285 | $16,007,000 | $56,000 | $560,000 | $58,000 | $1,494,000 |
| Application Approved But Not Accepted | 197 | $26,013,000 | $132,000 | $645,000 | $87,000 | $637,000 |
| Preapproval Denied by Financial Institution | 56 | $6,264,000 | $111,000 | $238,000 | $45,000 | $165,000 |
| Application Withdrawn By Applicant | 12 | $1,831,000 | $152,000 | $373,000 | $119,000 | $630,000 |
| File Closed For Incompleteness | 5 | $395,000 | $79,000 | $177,000 | $48,000 | $108,000 |
| 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 2006 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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