State Bank & Trust Company Mortgage Lending & HMDA Data, 2006
In 2006, State Bank & Trust Company of Golden Meadow, LA reported 133 mortgage applications totaling $8.4 million, down 12% from 2005. The average application was for $63,421, and applicants reported an average income of $62,706. 79% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Houma-Bayou Cane-Thibodaux, LA (126), New Orleans-Metairie-Kenner, LA (6) and Baton Rouge, LA (1) (applications in parentheses).
| Mortgage Company & Address | State Bank & Trust Company 1614 South Bayou Drive Golden Meadow, LA 70357 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 133 |
| Total Mortgage Loan Application Amount | $8,435,000 |
| Average Mortgage Loan Application Amount | $63,421 |
| Highest Mortgage Loan Application Amount | $629,000 |
| Average Applicant Income | $62,706 |
| Highest Applicant Income | $544,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lafourche, Louisiana | 123 | $ 6,878,000 | $ 55,918 | $ 60,000 |
| Jefferson, Louisiana | 6 | $ 295,000 | $ 49,166 | $ 48,000 |
| Terrebonne, Louisiana | 3 | $ 1,258,000 | $ 419,333 | $ 197,000 |
| East Baton Rouge, Louisiana | 1 | $ 4,000 | $ 4,000 | $ 0 |
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 Improvement | 54 | $1,756,000 | $32,000 | $531,000 | $70,000 | $544,000 |
| Home Purchase | 43 | $4,527,000 | $105,000 | $629,000 | $60,000 | $204,000 |
| Refinancing | 36 | $2,152,000 | $59,000 | $450,000 | $55,000 | $145,000 |
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 | 123 | $7,018,000 | $57,000 | $531,000 | $66,000 | $544,000 |
| Not applicable | 6 | $1,326,000 | $221,000 | $629,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $68,000 | $34,000 | $40,000 | $19,000 | $31,000 |
| Hispanic | 2 | $23,000 | $11,000 | $18,000 | $45,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 133 | $8,435,000 | $63,000 | $629,000 | $62,000 | $544,000 |
| 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 | 105 | $6,507,000 | $61,000 | $629,000 | $66,000 | $544,000 |
| Application Denied By Financial Institution | 17 | $1,200,000 | $70,000 | $179,000 | $49,000 | $96,000 |
| Application Approved But Not Accepted | 7 | $402,000 | $57,000 | $102,000 | $43,000 | $65,000 |
| Application Withdrawn By Applicant | 4 | $326,000 | $81,000 | $250,000 | $51,000 | $112,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $813,000 | $67,000 | $175,000 | $60,000 | $96,000 |
| Debt-To-Income Ratio | 4 | $382,000 | $95,000 | $179,000 | $23,000 | $38,000 |
| Employment History | 1 | $5,000 | $5,000 | $5,000 | $12,000 | $12,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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.
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