State Bank & Trust Company Mortgage Lending & HMDA Data, 2011
In 2011, State Bank & Trust Company of Golden Meadow, LA reported 58 mortgage applications totaling $7.9 million, down 21% from 2010. The average application was for $136,155, and applicants reported an average income of $57,413. 79% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Houma-Bayou Cane-Thibodaux, LA (53), New Orleans-Metairie-Kenner, LA (3) 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 | 58 |
| Total Mortgage Loan Application Amount | $7,897,000 |
| Average Mortgage Loan Application Amount | $136,155 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $57,413 |
| Highest Applicant Income | $192,000 |
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records State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for State Bank & Trust Company in 2011
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 |
|---|---|---|---|---|---|---|
| Refinancing | 22 | $3,020,000 | $137,000 | $1,300,000 | $59,000 | $122,000 |
| Home Improvement | 19 | $1,327,000 | $69,000 | $250,000 | $64,000 | $120,000 |
| Home Purchase | 17 | $3,550,000 | $208,000 | $1,190,000 | $48,000 | $192,000 |
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 | 46 | $3,623,000 | $78,000 | $432,000 | $71,000 | $192,000 |
| Not applicable | 9 | $4,092,000 | $454,000 | $1,300,000 | $0 | $0 |
| Hispanic | 2 | $92,000 | $46,000 | $80,000 | $37,000 | $59,000 |
| American Indian or Alaskan Native | 1 | $90,000 | $90,000 | $90,000 | $13,000 | $13,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 58 | $7,897,000 | $136,000 | $1,300,000 | $58,000 | $192,000 |
| 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 | 46 | $6,982,000 | $151,000 | $1,300,000 | $62,000 | $192,000 |
| Application Denied By Financial Institution | 8 | $502,000 | $62,000 | $125,000 | $48,000 | $90,000 |
| Application Withdrawn By Applicant | 4 | $413,000 | $103,000 | $250,000 | $28,000 | $50,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 5 | $279,000 | $55,000 | $125,000 | $58,000 | $90,000 |
| Debt-To-Income Ratio | 3 | $223,000 | $74,000 | $122,000 | $32,000 | $65,000 |
| 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 |
| 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 2011 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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