Stock Yards Bank & Trust Company Mortgage Lending & HMDA Data, 2023
In 2023, Stock Yards Bank & Trust Company of Louisville, KY reported 3,498 mortgage applications totaling $964.0 million, down 12% from 2022. The average application was for $275,577, and applicants reported an average income of $126,828. 65% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (1,991), Lexington-Fayette, KY (434) and Cincinnati, OH-KY-IN (221) (applications in parentheses).
| Mortgage Company & Address | Stock Yards Bank & Trust Company 1040 East Main Street Louisville, KY 40223 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,498 |
| Total Mortgage Loan Application Amount | $963,970,000 |
| Average Mortgage Loan Application Amount | $275,577 |
| Highest Mortgage Loan Application Amount | $50,005,000 |
| Average Applicant Income | $126,828 |
| Highest Applicant Income | $3,433,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stock Yards Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Louisville/Jefferson County, KY-IN | 1,991 | $ 446,345,000 | $ 224,181 | $ 119,310 |
| Outside any metro area | 472 | $ 105,010,000 | $ 222,478 | $ 97,901 |
| Lexington-Fayette, KY | 434 | $ 88,010,000 | $ 202,788 | $ 123,000 |
| Cincinnati, OH-KY-IN | 221 | $ 101,895,000 | $ 461,063 | $ 192,918 |
| Indianapolis-Carmel-Anderson, IN | 206 | $ 115,760,000 | $ 561,941 | $ 186,000 |
| Elizabethtown-Fort Knox, KY | 71 | $ 16,255,000 | $ 228,943 | $ 73,000 |
| Dayton-Springfield-Kettering, OH | 8 | $ 23,970,000 | $ 2,996,250 | $ 152,000 |
| Huntington-Ashland, WV-KY-OH | 8 | $ 790,000 | $ 98,750 | $ 96,000 |
| Kokomo, IN | 6 | $ 940,000 | $ 156,666 | $ 60,000 |
| Charleston-North Charleston, SC | 4 | $ 2,660,000 | $ 665,000 | $ 284,000 |
| Akron, OH | 3 | $ 425,000 | $ 141,666 | $ 46,000 |
| Bloomington, IN | 3 | $ 1,495,000 | $ 498,333 | $ 0 |
| Bowling Green, KY | 3 | $ 1,075,000 | $ 358,333 | $ 926,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 955,000 | $ 318,333 | $ 425,000 |
| Gary, IN | 3 | $ 325,000 | $ 108,333 | $ 834,000 |
| Muncie, IN | 3 | $ 395,000 | $ 131,666 | $ 168,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 4,485,000 | $ 1,495,000 | $ 365,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 1,655,000 | $ 551,666 | $ 411,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 330,000 | $ 165,000 | $ 104,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 800,000 | $ 400,000 | $ 1,157,000 |
| Chicago-Naperville, IL | 2 | $ 800,000 | $ 400,000 | $ 340,000 |
| Columbus, IN | 2 | $ 340,000 | $ 170,000 | $ 107,000 |
| Columbus, OH | 2 | $ 1,670,000 | $ 835,000 | $ 651,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 600,000 | $ 300,000 | $ 228,000 |
| Florence-Muscle Shoals, AL | 2 | $ 3,280,000 | $ 1,640,000 | $ 0 |
| Lafayette-West Lafayette, IN | 2 | $ 390,000 | $ 195,000 | $ 0 |
| Memphis, TN-MS-AR | 2 | $ 690,000 | $ 345,000 | $ 243,000 |
| Mobile, AL | 2 | $ 1,550,000 | $ 775,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 620,000 | $ 310,000 | $ 197,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 640,000 | $ 320,000 | $ 0 |
| Panama City, FL | 2 | $ 380,000 | $ 190,000 | $ 127,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 205,000 | $ 205,000 | $ 53,000 |
| Cleveland-Elyria, OH | 1 | $ 55,000 | $ 55,000 | $ 134,000 |
| Duluth, MN-WI | 1 | $ 215,000 | $ 215,000 | $ 90,000 |
| Evansville, IN-KY | 1 | $ 395,000 | $ 395,000 | $ 143,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 2,565,000 | $ 2,565,000 | $ 781,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 665,000 | $ 665,000 | $ 0 |
| Huntsville, AL | 1 | $ 30,005,000 | $ 30,005,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 275,000 | $ 275,000 | $ 31,000 |
| Knoxville, TN | 1 | $ 405,000 | $ 405,000 | $ 607,000 |
| Madison, WI | 1 | $ 695,000 | $ 695,000 | $ 306,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 155,000 | $ 155,000 | $ 150,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 495,000 | $ 495,000 | $ 415,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 325,000 | $ 325,000 | $ 221,000 |
| Morristown, TN | 1 | $ 345,000 | $ 345,000 | $ 133,000 |
| Owensboro, KY | 1 | $ 35,000 | $ 35,000 | $ 47,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 375,000 | $ 375,000 | $ 27,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 155,000 | $ 155,000 | $ 18,000 |
| Punta Gorda, FL | 1 | $ 285,000 | $ 285,000 | $ 94,000 |
| Raleigh, NC | 1 | $ 105,000 | $ 105,000 | $ 94,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 195,000 | $ 195,000 | $ 110,000 |
| Springfield, OH | 1 | $ 205,000 | $ 205,000 | $ 58,000 |
| St. Louis, MO-IL | 1 | $ 65,000 | $ 65,000 | $ 70,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 535,000 | $ 535,000 | $ 328,000 |
| The Villages, FL | 1 | $ 125,000 | $ 125,000 | $ 70,000 |
| Valdosta, GA | 1 | $ 195,000 | $ 195,000 | $ 46,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 135,000 | $ 135,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for Stock Yards Bank & Trust Company in 2023
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 Purchase | 1,611 | $627,375,000 | $389,000 | $50,005,000 | $116,000 | $3,433,000 |
| Home Improvement | 710 | $105,810,000 | $149,000 | $37,505,000 | $113,000 | $1,407,000 |
| Other Purpose | 582 | $64,970,000 | $111,000 | $2,025,000 | $137,000 | $1,706,000 |
| Refinancing | 449 | $142,105,000 | $316,000 | $22,005,000 | $195,000 | $2,692,000 |
| Cash-out Refinancing | 139 | $22,925,000 | $164,000 | $605,000 | $65,000 | $348,000 |
| Not Applicable | 7 | $785,000 | $112,000 | $225,000 | $31,000 | $31,000 |
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 | 2,283 | $418,535,000 | $183,000 | $2,755,000 | $128,000 | $3,433,000 |
| Not Provided | 426 | $61,950,000 | $145,000 | $1,365,000 | $146,000 | $1,706,000 |
| Not applicable | 338 | $400,160,000 | $1,183,000 | $50,005,000 | $0 | $0 |
| Black or African American | 230 | $32,700,000 | $142,000 | $1,625,000 | $84,000 | $1,449,000 |
| Hispanic | 149 | $25,525,000 | $171,000 | $555,000 | $64,000 | $325,000 |
| Asian | 50 | $18,010,000 | $360,000 | $2,145,000 | $190,000 | $1,407,000 |
| American Indian or Alaskan Native | 9 | $1,895,000 | $210,000 | $385,000 | $61,000 | $154,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $505,000 | $101,000 | $185,000 | $60,000 | $162,000 |
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) | 3,244 | $910,440,000 | $280,000 | $50,005,000 | $129,000 | $3,433,000 |
| FHA-insured (Federal Housing Administration) | 196 | $38,280,000 | $195,000 | $455,000 | $79,000 | $283,000 |
| VA-guaranteed (Veterans Administration) | 34 | $10,670,000 | $313,000 | $1,625,000 | $106,000 | $481,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $4,580,000 | $190,000 | $285,000 | $68,000 | $95,000 |
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 | 2,263 | $716,325,000 | $316,000 | $50,005,000 | $147,000 | $3,433,000 |
| Application Denied By Financial Institution | 759 | $108,405,000 | $142,000 | $23,005,000 | $73,000 | $1,706,000 |
| Application Withdrawn By Applicant | 396 | $111,430,000 | $281,000 | $6,505,000 | $116,000 | $1,416,000 |
| Application Approved But Not Accepted | 30 | $20,210,000 | $673,000 | $11,745,000 | $118,000 | $734,000 |
| File Closed For Incompleteness | 29 | $4,195,000 | $144,000 | $355,000 | $58,000 | $207,000 |
| Loan Purchased By The Institution | 20 | $3,090,000 | $154,000 | $445,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 1 | $315,000 | $315,000 | $315,000 | $56,000 | $56,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,738 | $855,250,000 | $312,000 | $50,005,000 | $142,000 | $3,433,000 |
| Debt-To-Income Ratio | 284 | $42,200,000 | $148,000 | $2,005,000 | $61,000 | $279,000 |
| Credit History | 282 | $20,650,000 | $73,000 | $1,075,000 | $80,000 | $1,706,000 |
| Collateral | 81 | $31,845,000 | $393,000 | $23,005,000 | $84,000 | $326,000 |
| Credit Application Incomplete | 46 | $5,900,000 | $128,000 | $2,205,000 | $81,000 | $192,000 |
| Other | 37 | $3,935,000 | $106,000 | $295,000 | $77,000 | $432,000 |
| Employment History | 14 | $1,860,000 | $132,000 | $275,000 | $64,000 | $137,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,395,000 | $155,000 | $305,000 | $58,000 | $153,000 |
| Unverifiable Information | 7 | $935,000 | $133,000 | $215,000 | $70,000 | $125,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stock Yards Bank & Trust Company's 2023 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 Stock Yards 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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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