State Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, State Bank & Trust Company of Brookhaven, MS reported 953 mortgage applications totaling $83.3 million, down 37% from 2009. The average application was for $87,374, and applicants reported an average income of $75,880. 64% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Baton Rouge, LA (127), Jackson, MS (68) and Dothan, AL (39) (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 | 953 |
| Total Mortgage Loan Application Amount | $83,268,000 |
| Average Mortgage Loan Application Amount | $87,374 |
| Highest Mortgage Loan Application Amount | $1,884,000 |
| Average Applicant Income | $75,880 |
| Highest Applicant Income | $2,495,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 127 | $ 16,579,000 | $ 130,543 | $ 69,000 |
| Jackson, MS | 68 | $ 8,976,000 | $ 132,000 | $ 108,000 |
| Dothan, AL | 39 | $ 3,610,000 | $ 92,564 | $ 76,000 |
| Hattiesburg, MS | 12 | $ 2,283,000 | $ 190,250 | $ 69,000 |
| New Orleans-Metairie-Kenner, LA | 7 | $ 877,000 | $ 125,285 | $ 60,000 |
| Mobile, AL | 4 | $ 529,000 | $ 132,250 | $ 85,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 1,598,000 | $ 799,000 | $ 79,000 |
| Gulfport-Biloxi, MS | 2 | $ 100,000 | $ 50,000 | $ 278,000 |
| Pascagoula, MS | 2 | $ 1,650,000 | $ 825,000 | $ 69,000 |
| Alexandria, LA | 1 | $ 62,000 | $ 62,000 | $ 91,000 |
| Lafayette, LA | 1 | $ 126,000 | $ 126,000 | $ 47,000 |
| Memphis, TN-MS-AR | 1 | $ 12,000 | $ 12,000 | $ 39,000 |
| Monroe, LA | 1 | $ 417,000 | $ 417,000 | $ 159,000 |
| Shreveport-Bossier City, LA | 1 | $ 248,000 | $ 248,000 | $ 566,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2010
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 | 433 | $47,764,000 | $110,000 | $1,884,000 | $91,000 | $2,495,000 |
| Home Improvement | 277 | $4,581,000 | $16,000 | $188,000 | $46,000 | $503,000 |
| Home Purchase | 243 | $30,923,000 | $127,000 | $1,800,000 | $83,000 | $1,449,000 |
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 | 609 | $57,028,000 | $93,000 | $1,884,000 | $96,000 | $2,495,000 |
| Black or African American | 263 | $10,648,000 | $40,000 | $417,000 | $51,000 | $1,012,000 |
| Not applicable | 66 | $14,804,000 | $224,000 | $1,646,000 | $0 | $0 |
| Hispanic | 8 | $88,000 | $11,000 | $32,000 | $30,000 | $62,000 |
| Not Provided | 3 | $420,000 | $140,000 | $255,000 | $46,000 | $76,000 |
| American Indian or Alaskan Native | 2 | $203,000 | $101,000 | $169,000 | $60,000 | $90,000 |
| Asian | 2 | $77,000 | $38,000 | $58,000 | $14,000 | $29,000 |
| 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) | 905 | $77,184,000 | $85,000 | $1,884,000 | $77,000 | $2,495,000 |
| FHA-insured (Federal Housing Administration) | 31 | $4,376,000 | $141,000 | $557,000 | $45,000 | $130,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $1,708,000 | $100,000 | $185,000 | $46,000 | $89,000 |
| 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 | 612 | $50,540,000 | $82,000 | $1,884,000 | $79,000 | $2,495,000 |
| Application Denied By Financial Institution | 215 | $11,595,000 | $53,000 | $363,000 | $53,000 | $1,350,000 |
| Application Approved But Not Accepted | 43 | $6,977,000 | $162,000 | $1,800,000 | $137,000 | $1,449,000 |
| Preapproval Denied by Financial Institution | 40 | $4,939,000 | $123,000 | $371,000 | $54,000 | $202,000 |
| File Closed For Incompleteness | 28 | $6,201,000 | $221,000 | $950,000 | $131,000 | $1,158,000 |
| Application Withdrawn By Applicant | 14 | $2,459,000 | $175,000 | $520,000 | $64,000 | $141,000 |
| Loan Purchased By The Institution | 1 | $557,000 | $557,000 | $557,000 | $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 2010 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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