Sumner Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Sumner Bank & Trust of Gallatin, TN reported 1,367 mortgage applications totaling $259.5 million, up 152% from 2011. The average application was for $189,856, and applicants reported an average income of $88,645. 87% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (1,250), Jackson, TN (19) and Clarksville, TN-KY (11) (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 | 1,367 |
| Total Mortgage Loan Application Amount | $259,534,000 |
| Average Mortgage Loan Application Amount | $189,856 |
| Highest Mortgage Loan Application Amount | $970,000 |
| Average Applicant Income | $88,645 |
| Highest Applicant Income | $1,543,000 |
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Act (HMDA) records Sumner Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 373 | $ 69,276,000 | $ 185,726 | $ 87,000 |
| Davidson, Tennessee | 301 | $ 56,084,000 | $ 186,325 | $ 87,000 |
| Rutherford, Tennessee | 222 | $ 33,934,000 | $ 152,855 | $ 62,000 |
| Wilson, Tennessee | 142 | $ 26,271,000 | $ 185,007 | $ 72,000 |
| Williamson, Tennessee | 129 | $ 36,177,000 | $ 280,441 | $ 129,000 |
| Robertson, Tennessee | 55 | $ 9,150,000 | $ 166,363 | $ 66,000 |
| Madison, Tennessee | 19 | $ 4,781,000 | $ 251,631 | $ 208,000 |
| Walton, Florida | 16 | $ 4,957,000 | $ 309,812 | $ 206,000 |
| Montgomery, Tennessee | 11 | $ 1,692,000 | $ 153,818 | $ 52,000 |
| Smith, Tennessee | 7 | $ 805,000 | $ 115,000 | $ 57,000 |
| Cheatham, Tennessee | 6 | $ 1,205,000 | $ 200,833 | $ 81,000 |
| Dickson, Tennessee | 5 | $ 762,000 | $ 152,400 | $ 72,000 |
| Macon, Tennessee | 5 | $ 480,000 | $ 96,000 | $ 37,000 |
| Maury, Tennessee | 5 | $ 878,000 | $ 175,600 | $ 40,000 |
| Okaloosa, Florida | 4 | $ 1,064,000 | $ 266,000 | $ 484,000 |
| Gibson, Tennessee | 4 | $ 392,000 | $ 98,000 | $ 37,000 |
| Bay, Florida | 3 | $ 579,000 | $ 193,000 | $ 100,000 |
| Douglas, Nebraska | 3 | $ 928,000 | $ 309,333 | $ 196,000 |
| Hamilton, Tennessee | 3 | $ 471,000 | $ 157,000 | $ 55,000 |
| Henderson, Tennessee | 3 | $ 413,000 | $ 137,666 | $ 93,000 |
| Shelby, Tennessee | 3 | $ 659,000 | $ 219,666 | $ 79,000 |
| Jefferson, Alabama | 2 | $ 617,000 | $ 308,500 | $ 152,000 |
| Bedford, Tennessee | 2 | $ 221,000 | $ 110,500 | $ 45,000 |
| Blount, Tennessee | 2 | $ 380,000 | $ 190,000 | $ 71,000 |
| Cannon, Tennessee | 2 | $ 179,000 | $ 89,500 | $ 47,000 |
| DeKalb, Tennessee | 2 | $ 169,000 | $ 84,500 | $ 32,000 |
| Franklin, Tennessee | 2 | $ 214,000 | $ 107,000 | $ 48,000 |
| Knox, Tennessee | 2 | $ 347,000 | $ 173,500 | $ 98,000 |
| Lewis, Tennessee | 2 | $ 417,000 | $ 208,500 | $ 132,000 |
| Marshall, Tennessee | 2 | $ 218,000 | $ 109,000 | $ 61,000 |
| McNairy, Tennessee | 2 | $ 169,000 | $ 84,500 | $ 41,000 |
| Sevier, Tennessee | 2 | $ 356,000 | $ 178,000 | $ 141,000 |
| Trousdale, Tennessee | 2 | $ 135,000 | $ 67,500 | $ 42,000 |
| Los Angeles, California | 1 | $ 579,000 | $ 579,000 | $ 699,000 |
| Eagle, Colorado | 1 | $ 417,000 | $ 417,000 | $ 178,000 |
| Gulf, Florida | 1 | $ 105,000 | $ 105,000 | $ 324,000 |
| Camden, Georgia | 1 | $ 346,000 | $ 346,000 | $ 130,000 |
| DeKalb, Georgia | 1 | $ 187,000 | $ 187,000 | $ 39,000 |
| Fulton, Georgia | 1 | $ 249,000 | $ 249,000 | $ 78,000 |
| Gwinnett, Georgia | 1 | $ 75,000 | $ 75,000 | $ 27,000 |
| Cook, Illinois | 1 | $ 346,000 | $ 346,000 | $ 138,000 |
| Jefferson, Kentucky | 1 | $ 124,000 | $ 124,000 | $ 47,000 |
| Metcalfe, Kentucky | 1 | $ 100,000 | $ 100,000 | $ 57,000 |
| Simpson, Kentucky | 1 | $ 266,000 | $ 266,000 | $ 115,000 |
| Saginaw, Michigan | 1 | $ 83,000 | $ 83,000 | $ 44,000 |
| Wayne, Michigan | 1 | $ 204,000 | $ 204,000 | $ 116,000 |
| Haywood, North Carolina | 1 | $ 92,000 | $ 92,000 | $ 123,000 |
| Macon, North Carolina | 1 | $ 180,000 | $ 180,000 | $ 61,000 |
| Lehigh, Pennsylvania | 1 | $ 239,000 | $ 239,000 | $ 131,000 |
| Anderson, Tennessee | 1 | $ 266,000 | $ 266,000 | $ 137,000 |
| Bradley, Tennessee | 1 | $ 188,000 | $ 188,000 | $ 76,000 |
| Cocke, Tennessee | 1 | $ 51,000 | $ 51,000 | $ 68,000 |
| Crockett, Tennessee | 1 | $ 102,000 | $ 102,000 | $ 97,000 |
| Hardin, Tennessee | 1 | $ 239,000 | $ 239,000 | $ 204,000 |
| Hickman, Tennessee | 1 | $ 187,000 | $ 187,000 | $ 54,000 |
| Humphreys, Tennessee | 1 | $ 417,000 | $ 417,000 | $ 106,000 |
| Obion, Tennessee | 1 | $ 112,000 | $ 112,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Sumner Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 735 | $131,002,000 | $178,000 | $910,000 | $78,000 | $814,000 |
| Refinancing | 618 | $128,111,000 | $207,000 | $970,000 | $102,000 | $1,543,000 |
| Home Improvement | 14 | $421,000 | $30,000 | $200,000 | $58,000 | $308,000 |
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 | 1,192 | $227,866,000 | $191,000 | $970,000 | $90,000 | $1,543,000 |
| Black or African American | 68 | $10,582,000 | $155,000 | $412,000 | $54,000 | $209,000 |
| Not Provided | 65 | $13,391,000 | $206,000 | $417,000 | $77,000 | $246,000 |
| Asian | 24 | $4,072,000 | $169,000 | $579,000 | $106,000 | $699,000 |
| Hispanic | 12 | $2,516,000 | $209,000 | $417,000 | $136,000 | $473,000 |
| Not applicable | 4 | $522,000 | $130,000 | $314,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $417,000 | $417,000 | $417,000 | $501,000 | $501,000 |
| American Indian or Alaskan Native | 1 | $168,000 | $168,000 | $168,000 | $33,000 | $33,000 |
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) | 870 | $180,837,000 | $207,000 | $970,000 | $111,000 | $1,543,000 |
| FHA-insured (Federal Housing Administration) | 341 | $52,837,000 | $154,000 | $434,000 | $51,000 | $237,000 |
| VA-guaranteed (Veterans Administration) | 85 | $15,958,000 | $187,000 | $650,000 | $54,000 | $169,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 71 | $9,902,000 | $139,000 | $253,000 | $42,000 | $73,000 |
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 | 1,192 | $230,091,000 | $193,000 | $910,000 | $90,000 | $1,543,000 |
| Application Denied By Financial Institution | 116 | $18,236,000 | $157,000 | $970,000 | $69,000 | $535,000 |
| Application Withdrawn By Applicant | 30 | $6,572,000 | $219,000 | $417,000 | $100,000 | $450,000 |
| Application Approved But Not Accepted | 29 | $4,635,000 | $159,000 | $408,000 | $84,000 | $201,000 |
| 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 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 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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