State Bank & Trust Company Mortgage Lending & HMDA Data, 2016
In 2016, State Bank & Trust Company of Golden Meadow, LA reported 59 mortgage applications totaling $6.2 million, up 13% from 2015. The average application was for $105,559, and applicants reported an average income of $94,966. 86% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Houma-Thibodaux, LA (55) and New Orleans-Metairie, LA (4).
| 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 | 59 |
| Total Mortgage Loan Application Amount | $6,228,000 |
| Average Mortgage Loan Application Amount | $105,559 |
| Highest Mortgage Loan Application Amount | $435,000 |
| Average Applicant Income | $94,966 |
| Highest Applicant Income | $400,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Houma-Thibodaux, LA | 55 | $ 5,447,000 | $ 99,036 | $ 94,000 |
| New Orleans-Metairie, LA | 4 | $ 781,000 | $ 195,250 | $ 111,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2016
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 | 23 | $1,335,000 | $58,000 | $227,000 | $100,000 | $400,000 |
| Refinancing | 21 | $2,873,000 | $136,000 | $435,000 | $83,000 | $239,000 |
| Home Purchase | 15 | $2,020,000 | $134,000 | $413,000 | $104,000 | $208,000 |
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 | 48 | $4,897,000 | $102,000 | $435,000 | $115,000 | $400,000 |
| Not applicable | 8 | $1,138,000 | $142,000 | $338,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $184,000 | $92,000 | $96,000 | $46,000 | $48,000 |
| Black or African American | 1 | $9,000 | $9,000 | $9,000 | $4,000 | $4,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 59 | $6,228,000 | $105,000 | $435,000 | $95,000 | $400,000 |
| 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 | 51 | $5,175,000 | $101,000 | $435,000 | $88,000 | $400,000 |
| Application Denied By Financial Institution | 4 | $533,000 | $133,000 | $198,000 | $127,000 | $181,000 |
| Application Approved But Not Accepted | 3 | $487,000 | $162,000 | $200,000 | $191,000 | $400,000 |
| Application Withdrawn By Applicant | 1 | $33,000 | $33,000 | $33,000 | $31,000 | $31,000 |
| 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 | 2 | $219,000 | $109,000 | $198,000 | $118,000 | $148,000 |
| Debt-To-Income Ratio | 1 | $169,000 | $169,000 | $169,000 | $181,000 | $181,000 |
| Collateral | 1 | $145,000 | $145,000 | $145,000 | $91,000 | $91,000 |
| Credit Application Incomplete | 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 2016 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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