State Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, State Bank & Trust Company of Golden Meadow, LA reported 40 mortgage applications totaling $4.8 million, down 32% from 2016. The average application was for $119,500, and applicants reported an average income of $61,000. 80% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Houma-Thibodaux, LA (39) and New Orleans-Metairie, LA (1).
| 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 | 40 |
| Total Mortgage Loan Application Amount | $4,780,000 |
| Average Mortgage Loan Application Amount | $119,500 |
| Highest Mortgage Loan Application Amount | $1,387,000 |
| Average Applicant Income | $61,000 |
| Highest Applicant Income | $180,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 39 | $ 4,462,000 | $ 114,410 | $ 63,000 |
| New Orleans-Metairie, LA | 1 | $ 318,000 | $ 318,000 | $ 0 |
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 | 16 | $370,000 | $23,000 | $70,000 | $70,000 | $140,000 |
| Home Purchase | 12 | $1,209,000 | $100,000 | $306,000 | $65,000 | $180,000 |
| Refinancing | 12 | $3,201,000 | $266,000 | $1,387,000 | $45,000 | $122,000 |
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 | 33 | $2,127,000 | $64,000 | $306,000 | $74,000 | $180,000 |
| Not applicable | 6 | $2,651,000 | $441,000 | $1,387,000 | $0 | $0 |
| Black or African American | 1 | $2,000 | $2,000 | $2,000 | $11,000 | $11,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 40 | $4,780,000 | $119,000 | $1,387,000 | $61,000 | $180,000 |
| 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 | 32 | $4,560,000 | $142,000 | $1,387,000 | $62,000 | $180,000 |
| Application Approved But Not Accepted | 4 | $162,000 | $40,000 | $93,000 | $60,000 | $140,000 |
| Application Denied By Financial Institution | 3 | $50,000 | $16,000 | $28,000 | $50,000 | $140,000 |
| Application Withdrawn By Applicant | 1 | $8,000 | $8,000 | $8,000 | $68,000 | $68,000 |
| 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 | $22,000 | $11,000 | $20,000 | $5,000 | $11,000 |
| Collateral | 1 | $28,000 | $28,000 | $28,000 | $140,000 | $140,000 |
| Credit Application Incomplete | 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 Louisiana, download the full spreadsheet
with aggregated HMDA statistics today.
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