State Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, State Bank & Trust Company of Brookhaven, MS reported 812 mortgage applications totaling $104.4 million, down 4% from 2016. The average application was for $128,626, and applicants reported an average income of $82,390. 74% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Baton Rouge, LA (112), Jackson, MS (65) and New Orleans-Metairie, LA (50) (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 | 812 |
| Total Mortgage Loan Application Amount | $104,445,000 |
| Average Mortgage Loan Application Amount | $128,626 |
| Highest Mortgage Loan Application Amount | $5,548,000 |
| Average Applicant Income | $82,390 |
| Highest Applicant Income | $6,975,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | $ 19,330,000 | $ 172,589 | $ 66,000 |
| Jackson, MS | 65 | $ 8,249,000 | $ 126,907 | $ 126,000 |
| New Orleans-Metairie, LA | 50 | $ 24,107,000 | $ 482,140 | $ 199,000 |
| Dothan, AL | 37 | $ 3,572,000 | $ 96,540 | $ 80,000 |
| Hammond, LA | 18 | $ 13,965,000 | $ 775,833 | $ 22,000 |
| Hattiesburg, MS | 11 | $ 2,205,000 | $ 200,454 | $ 85,000 |
| Mobile, AL | 6 | $ 1,770,000 | $ 295,000 | $ 146,000 |
| Crestview-Fort Walton Beach-Destin, FL | 5 | $ 1,465,000 | $ 293,000 | $ 104,000 |
| Daphne-Fairhope-Foley, AL | 3 | $ 1,166,000 | $ 388,666 | $ 317,000 |
| Lafayette, LA | 3 | $ 96,000 | $ 32,000 | $ 85,000 |
| Panama City, FL | 3 | $ 384,000 | $ 128,000 | $ 615,000 |
| Gulfport-Biloxi-Pascagoula, MS | 2 | $ 222,000 | $ 111,000 | $ 16,000 |
| Alexandria, LA | 1 | $ 229,000 | $ 229,000 | $ 93,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 225,000 | $ 225,000 | $ 214,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 253,000 | $ 253,000 | $ 126,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 208,000 | $ 208,000 | $ 182,000 |
| Tuscaloosa, AL | 1 | $ 137,000 | $ 137,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2017
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 | 355 | $15,192,000 | $42,000 | $1,000,000 | $62,000 | $764,000 |
| Home Purchase | 240 | $44,132,000 | $183,000 | $4,310,000 | $112,000 | $6,975,000 |
| Refinancing | 217 | $45,121,000 | $207,000 | $5,548,000 | $83,000 | $1,056,000 |
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 | 428 | $39,098,000 | $91,000 | $2,471,000 | $107,000 | $1,352,000 |
| Black or African American | 202 | $5,204,000 | $25,000 | $200,000 | $49,000 | $248,000 |
| Not applicable | 139 | $53,512,000 | $384,000 | $5,548,000 | $0 | $0 |
| Not Provided | 20 | $5,046,000 | $252,000 | $2,740,000 | $459,000 | $6,975,000 |
| Hispanic | 12 | $404,000 | $33,000 | $99,000 | $58,000 | $135,000 |
| Asian | 8 | $1,086,000 | $135,000 | $239,000 | $119,000 | $255,000 |
| American Indian or Alaskan Native | 2 | $75,000 | $37,000 | $45,000 | $50,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $20,000 | $20,000 | $20,000 | $92,000 | $92,000 |
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) | 810 | $104,161,000 | $128,000 | $5,548,000 | $82,000 | $6,975,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $284,000 | $142,000 | $205,000 | $77,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 602 | $89,558,000 | $148,000 | $5,548,000 | $86,000 | $6,975,000 |
| Application Denied By Financial Institution | 139 | $8,194,000 | $58,000 | $2,471,000 | $49,000 | $776,000 |
| Application Approved But Not Accepted | 54 | $5,646,000 | $104,000 | $850,000 | $136,000 | $1,352,000 |
| File Closed For Incompleteness | 10 | $424,000 | $42,000 | $96,000 | $44,000 | $72,000 |
| Application Withdrawn By Applicant | 7 | $623,000 | $89,000 | $182,000 | $68,000 | $129,000 |
| 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 2017 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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