State Bank & Trust Co. Mortgage Lending & HMDA Data, 2012
In 2012, State Bank & Trust Co. of Nevada, IA reported 73 mortgage applications totaling $9.8 million, down 1% from 2011. The average application was for $134,068, and applicants reported an average income of $89,095. 56% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Ames, IA (62), Des Moines-West Des Moines, IA (4) and Phoenix-Mesa-Glendale, AZ (1) (applications in parentheses).
| Mortgage Company & Address | State Bank & Trust Co. 1025 6th St. Nevada, IA 50201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 73 |
| Total Mortgage Loan Application Amount | $9,787,000 |
| Average Mortgage Loan Application Amount | $134,068 |
| Highest Mortgage Loan Application Amount | $465,000 |
| Average Applicant Income | $89,095 |
| Highest Applicant Income | $298,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Story, Iowa | 62 | $ 7,625,000 | $ 122,983 | $ 94,000 |
| Polk, Iowa | 4 | $ 1,046,000 | $ 261,500 | $ 83,000 |
| Marshall, Iowa | 2 | $ 236,000 | $ 118,000 | $ 81,000 |
| Maricopa, Arizona | 1 | $ 166,000 | $ 166,000 | $ 0 |
| Hawaii, Hawaii | 1 | $ 316,000 | $ 316,000 | $ 0 |
| Boone, Iowa | 1 | $ 232,000 | $ 232,000 | $ 96,000 |
| Greene, Iowa | 1 | $ 70,000 | $ 70,000 | $ 17,000 |
| Hardin, Iowa | 1 | $ 96,000 | $ 96,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for State Bank & Trust Co. in 2012
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 | 48 | $7,071,000 | $147,000 | $465,000 | $98,000 | $298,000 |
| Home Purchase | 18 | $2,170,000 | $120,000 | $350,000 | $79,000 | $290,000 |
| Home Improvement | 7 | $546,000 | $78,000 | $208,000 | $54,000 | $210,000 |
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 | 62 | $8,082,000 | $130,000 | $382,000 | $101,000 | $298,000 |
| Not applicable | 8 | $1,405,000 | $175,000 | $465,000 | $0 | $0 |
| Not Provided | 2 | $68,000 | $34,000 | $65,000 | $77,000 | $103,000 |
| Hispanic | 1 | $232,000 | $232,000 | $232,000 | $96,000 | $96,000 |
| 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 |
| Black or African American | 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) | 73 | $9,787,000 | $134,000 | $465,000 | $89,000 | $298,000 |
| 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 | 41 | $5,268,000 | $128,000 | $465,000 | $98,000 | $298,000 |
| Application Denied By Financial Institution | 19 | $2,471,000 | $130,000 | $315,000 | $63,000 | $125,000 |
| Application Approved But Not Accepted | 12 | $1,908,000 | $159,000 | $382,000 | $99,000 | $182,000 |
| Application Withdrawn By Applicant | 1 | $140,000 | $140,000 | $140,000 | $96,000 | $96,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Co.'s 2012 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 Co.'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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