State Bank & Trust Company Mortgage Lending & HMDA Data, 2014
In 2014, State Bank & Trust Company of Brookhaven, MS reported 882 mortgage applications totaling $100.4 million, down 11% from 2013. The average application was for $113,823, and applicants reported an average income of $94,379. 76% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Baton Rouge, LA (119), Jackson, MS (77) and New Orleans-Metairie, LA (53) (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 | 882 |
| Total Mortgage Loan Application Amount | $100,392,000 |
| Average Mortgage Loan Application Amount | $113,823 |
| Highest Mortgage Loan Application Amount | $10,700,000 |
| Average Applicant Income | $94,379 |
| 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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 119 | $ 23,956,000 | $ 201,310 | $ 152,000 |
| Jackson, MS | 77 | $ 5,490,000 | $ 71,298 | $ 177,000 |
| New Orleans-Metairie, LA | 53 | $ 18,117,000 | $ 341,830 | $ 59,000 |
| Dothan, AL | 45 | $ 4,933,000 | $ 109,622 | $ 87,000 |
| Hammond, LA | 19 | $ 12,747,000 | $ 670,894 | $ 44,000 |
| Mobile, AL | 13 | $ 2,558,000 | $ 196,769 | $ 148,000 |
| Hattiesburg, MS | 9 | $ 1,199,000 | $ 133,222 | $ 68,000 |
| Crestview-Fort Walton Beach-Destin, FL | 5 | $ 813,000 | $ 162,600 | $ 194,000 |
| Gulfport-Biloxi-Pascagoula, MS | 3 | $ 596,000 | $ 198,666 | $ 93,000 |
| Lafayette, LA | 3 | $ 307,000 | $ 102,333 | $ 26,000 |
| Memphis, TN-MS-AR | 2 | $ 1,006,000 | $ 503,000 | $ 22,000 |
| Panama City, FL | 2 | $ 304,000 | $ 152,000 | $ 441,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 119,000 | $ 119,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Tuscaloosa, AL | 1 | $ 200,000 | $ 200,000 | $ 182,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2014
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 Improvement | 329 | $12,538,000 | $38,000 | $2,000,000 | $52,000 | $430,000 |
| Refinancing | 289 | $44,858,000 | $155,000 | $6,659,000 | $111,000 | $1,488,000 |
| Home Purchase | 264 | $42,996,000 | $162,000 | $10,700,000 | $129,000 | $9,999,000 |
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 | 538 | $47,880,000 | $88,000 | $1,747,000 | $135,000 | $9,999,000 |
| Black or African American | 207 | $4,563,000 | $22,000 | $444,000 | $43,000 | $369,000 |
| Not applicable | 116 | $46,543,000 | $401,000 | $10,700,000 | $0 | $0 |
| Hispanic | 7 | $277,000 | $39,000 | $144,000 | $43,000 | $73,000 |
| Asian | 5 | $466,000 | $93,000 | $185,000 | $124,000 | $218,000 |
| Not Provided | 5 | $417,000 | $83,000 | $182,000 | $151,000 | $267,000 |
| American Indian or Alaskan Native | 3 | $54,000 | $18,000 | $32,000 | $24,000 | $30,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $192,000 | $192,000 | $192,000 | $74,000 | $74,000 |
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) | 882 | $100,392,000 | $113,000 | $10,700,000 | $94,000 | $9,999,000 |
| 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 | 668 | $77,205,000 | $115,000 | $10,700,000 | $104,000 | $9,999,000 |
| Application Denied By Financial Institution | 143 | $15,143,000 | $105,000 | $6,659,000 | $54,000 | $784,000 |
| Application Approved But Not Accepted | 63 | $7,610,000 | $120,000 | $1,580,000 | $85,000 | $511,000 |
| File Closed For Incompleteness | 7 | $422,000 | $60,000 | $122,000 | $52,000 | $112,000 |
| Application Withdrawn By Applicant | 1 | $12,000 | $12,000 | $12,000 | $18,000 | $18,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2014 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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