State Bank & Trust Company Mortgage Lending & HMDA Data, 2011
In 2011, State Bank & Trust Company of Brookhaven, MS reported 839 mortgage applications totaling $79.0 million, down 12% from 2010. The average application was for $94,158, and applicants reported an average income of $96,955. 74% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Baton Rouge, LA (112), Jackson, MS (69) and Dothan, AL (29) (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 | 839 |
| Total Mortgage Loan Application Amount | $78,999,000 |
| Average Mortgage Loan Application Amount | $94,158 |
| Highest Mortgage Loan Application Amount | $3,580,000 |
| Average Applicant Income | $96,955 |
| 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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 112 | $ 21,613,000 | $ 192,973 | $ 56,000 |
| Jackson, MS | 69 | $ 7,821,000 | $ 113,347 | $ 271,000 |
| Dothan, AL | 29 | $ 2,105,000 | $ 72,586 | $ 86,000 |
| New Orleans-Metairie-Kenner, LA | 12 | $ 3,522,000 | $ 293,500 | $ 243,000 |
| Hattiesburg, MS | 7 | $ 490,000 | $ 70,000 | $ 49,000 |
| Mobile, AL | 6 | $ 740,000 | $ 123,333 | $ 104,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 3,500,000 | $ 1,750,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 1,155,000 | $ 577,500 | $ 475,000 |
| Gulfport-Biloxi, MS | 1 | $ 5,000 | $ 5,000 | $ 144,000 |
| Lafayette, LA | 1 | $ 120,000 | $ 120,000 | $ 40,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 585,000 | $ 585,000 | $ 271,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2011
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 | 364 | $46,131,000 | $126,000 | $3,580,000 | $132,000 | $9,999,000 |
| Home Improvement | 263 | $5,757,000 | $21,000 | $381,000 | $46,000 | $416,000 |
| Home Purchase | 212 | $27,111,000 | $127,000 | $1,956,000 | $100,000 | $4,329,000 |
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 | 505 | $38,832,000 | $76,000 | $1,600,000 | $135,000 | $9,999,000 |
| Black or African American | 223 | $6,894,000 | $30,000 | $448,000 | $56,000 | $1,604,000 |
| Not applicable | 94 | $32,538,000 | $346,000 | $3,580,000 | $0 | $0 |
| Hispanic | 6 | $127,000 | $21,000 | $47,000 | $21,000 | $54,000 |
| Asian | 6 | $459,000 | $76,000 | $262,000 | $61,000 | $161,000 |
| Not Provided | 3 | $114,000 | $38,000 | $59,000 | $10,000 | $31,000 |
| American Indian or Alaskan Native | 1 | $2,000 | $2,000 | $2,000 | $88,000 | $88,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $33,000 | $33,000 | $33,000 | $160,000 | $160,000 |
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) | 838 | $78,963,000 | $94,000 | $3,580,000 | $97,000 | $9,999,000 |
| VA-guaranteed (Veterans Administration) | 1 | $36,000 | $36,000 | $36,000 | $33,000 | $33,000 |
| 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 | 623 | $64,797,000 | $104,000 | $3,580,000 | $109,000 | $9,999,000 |
| Application Denied By Financial Institution | 145 | $5,511,000 | $38,000 | $350,000 | $44,000 | $257,000 |
| Application Approved But Not Accepted | 53 | $6,808,000 | $128,000 | $1,600,000 | $95,000 | $950,000 |
| File Closed For Incompleteness | 11 | $975,000 | $88,000 | $262,000 | $97,000 | $195,000 |
| Application Withdrawn By Applicant | 4 | $567,000 | $141,000 | $320,000 | $103,000 | $127,000 |
| Preapproval Denied by Financial Institution | 3 | $341,000 | $113,000 | $180,000 | $197,000 | $535,000 |
| 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 2011 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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