Sumner Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Sumner Bank & Trust of Gallatin, TN reported 362 mortgage applications totaling $67.4 million, up 105% from 2009. The average application was for $186,176, and applicants reported an average income of $94,469. 80% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (319), Jackson, TN (18) and Knoxville, TN (3) (applications in parentheses).
| Mortgage Company & Address | Sumner Bank & Trust 240 W Broadway Gallatin, TN 37066 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 |
| Total Number of Mortgage Applications | 362 |
| Total Mortgage Loan Application Amount | $67,396,000 |
| Average Mortgage Loan Application Amount | $186,176 |
| Highest Mortgage Loan Application Amount | $2,710,000 |
| Average Applicant Income | $94,469 |
| Highest Applicant Income | $978,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sumner Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Sumner, Tennessee | 198 | $ 35,541,000 | $ 179,500 | $ 85,000 |
| Davidson, Tennessee | 59 | $ 9,989,000 | $ 169,305 | $ 78,000 |
| Wilson, Tennessee | 19 | $ 4,324,000 | $ 227,578 | $ 140,000 |
| Madison, Tennessee | 18 | $ 4,520,000 | $ 251,111 | $ 259,000 |
| Robertson, Tennessee | 15 | $ 2,315,000 | $ 154,333 | $ 55,000 |
| Williamson, Tennessee | 12 | $ 3,464,000 | $ 288,666 | $ 119,000 |
| Cheatham, Tennessee | 6 | $ 1,936,000 | $ 322,666 | $ 49,000 |
| Rutherford, Tennessee | 5 | $ 613,000 | $ 122,600 | $ 48,000 |
| Dickson, Tennessee | 4 | $ 504,000 | $ 126,000 | $ 54,000 |
| Houston, Tennessee | 3 | $ 422,000 | $ 140,666 | $ 70,000 |
| Maury, Tennessee | 3 | $ 572,000 | $ 190,666 | $ 70,000 |
| Simpson, Kentucky | 2 | $ 250,000 | $ 125,000 | $ 38,000 |
| Blount, Tennessee | 2 | $ 616,000 | $ 308,000 | $ 92,000 |
| Gibson, Tennessee | 2 | $ 354,000 | $ 177,000 | $ 96,000 |
| Henderson, Tennessee | 2 | $ 228,000 | $ 114,000 | $ 51,000 |
| Humphreys, Tennessee | 2 | $ 232,000 | $ 116,000 | $ 35,000 |
| Barbour, Alabama | 1 | $ 219,000 | $ 219,000 | $ 81,000 |
| Jefferson, Kentucky | 1 | $ 288,000 | $ 288,000 | $ 75,000 |
| Hardin, Tennessee | 1 | $ 246,000 | $ 246,000 | $ 113,000 |
| Johnson, Tennessee | 1 | $ 117,000 | $ 117,000 | $ 100,000 |
| Knox, Tennessee | 1 | $ 221,000 | $ 221,000 | $ 90,000 |
| Macon, Tennessee | 1 | $ 122,000 | $ 122,000 | $ 53,000 |
| McNairy, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 7,000 |
| Montgomery, Tennessee | 1 | $ 101,000 | $ 101,000 | $ 39,000 |
| Putnam, Tennessee | 1 | $ 64,000 | $ 64,000 | $ 116,000 |
| Sevier, Tennessee | 1 | $ 93,000 | $ 93,000 | $ 581,000 |
Mortgage Loan Application Detail Totals for Sumner Bank & Trust in 2010
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 | 197 | $40,898,000 | $207,000 | $2,710,000 | $109,000 | $978,000 |
| Home Purchase | 160 | $26,442,000 | $165,000 | $900,000 | $78,000 | $581,000 |
| Home Improvement | 5 | $56,000 | $11,000 | $27,000 | $49,000 | $89,000 |
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 | 295 | $53,381,000 | $180,000 | $2,710,000 | $94,000 | $846,000 |
| Not Provided | 27 | $6,674,000 | $247,000 | $1,200,000 | $138,000 | $978,000 |
| Black or African American | 18 | $2,540,000 | $141,000 | $283,000 | $48,000 | $115,000 |
| Not applicable | 9 | $2,289,000 | $254,000 | $900,000 | $0 | $0 |
| Hispanic | 7 | $1,090,000 | $155,000 | $296,000 | $93,000 | $236,000 |
| Asian | 4 | $831,000 | $207,000 | $335,000 | $42,000 | $116,000 |
| American Indian or Alaskan Native | 1 | $174,000 | $174,000 | $174,000 | $91,000 | $91,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $417,000 | $417,000 | $417,000 | $670,000 | $670,000 |
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) | 244 | $48,839,000 | $200,000 | $2,710,000 | $109,000 | $978,000 |
| FHA-insured (Federal Housing Administration) | 108 | $17,222,000 | $159,000 | $335,000 | $64,000 | $600,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $916,000 | $130,000 | $176,000 | $37,000 | $58,000 |
| VA-guaranteed (Veterans Administration) | 3 | $419,000 | $139,000 | $174,000 | $65,000 | $91,000 |
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 | 291 | $50,237,000 | $172,000 | $470,000 | $91,000 | $978,000 |
| Application Denied By Financial Institution | 39 | $10,618,000 | $272,000 | $2,710,000 | $88,000 | $846,000 |
| Application Withdrawn By Applicant | 27 | $4,760,000 | $176,000 | $417,000 | $106,000 | $600,000 |
| Application Approved But Not Accepted | 5 | $1,781,000 | $356,000 | $900,000 | $248,000 | $570,000 |
| 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 Sumner Bank & Trust's 2010 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 Sumner Bank & Trust'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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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