Sumner Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Sumner Bank & Trust of Gallatin, TN reported 115 mortgage applications totaling $21.2 million, down 87% from 2013. The average application was for $184,721, and applicants reported an average income of $84,069. 89% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (112), Crestview-Fort Walton Beach-Destin, FL (1) and Kingsport-Bristol-Bristol, TN-VA (1) (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 | 115 |
| Total Mortgage Loan Application Amount | $21,243,000 |
| Average Mortgage Loan Application Amount | $184,721 |
| Highest Mortgage Loan Application Amount | $595,000 |
| Average Applicant Income | $84,069 |
| Highest Applicant Income | $369,000 |
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Act (HMDA) records Sumner Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Sumner Bank & Trust in 2014
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 | 85 | $17,666,000 | $207,000 | $595,000 | $86,000 | $369,000 |
| Refinancing | 19 | $3,096,000 | $162,000 | $453,000 | $83,000 | $265,000 |
| Home Improvement | 11 | $481,000 | $43,000 | $181,000 | $71,000 | $160,000 |
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 | 99 | $18,653,000 | $188,000 | $453,000 | $83,000 | $369,000 |
| Not Provided | 11 | $1,864,000 | $169,000 | $595,000 | $80,000 | $160,000 |
| Black or African American | 2 | $336,000 | $168,000 | $219,000 | $44,000 | $58,000 |
| Hispanic | 2 | $284,000 | $142,000 | $219,000 | $221,000 | $239,000 |
| Not applicable | 1 | $106,000 | $106,000 | $106,000 | $0 | $0 |
| 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 |
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) | 84 | $15,504,000 | $184,000 | $595,000 | $90,000 | $369,000 |
| FHA-insured (Federal Housing Administration) | 14 | $2,730,000 | $195,000 | $314,000 | $83,000 | $239,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,707,000 | $155,000 | $255,000 | $50,000 | $78,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,302,000 | $217,000 | $361,000 | $71,000 | $124,000 |
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 | 102 | $19,422,000 | $190,000 | $595,000 | $84,000 | $369,000 |
| Application Denied By Financial Institution | 8 | $1,195,000 | $149,000 | $333,000 | $74,000 | $239,000 |
| Application Withdrawn By Applicant | 4 | $471,000 | $117,000 | $130,000 | $44,000 | $68,000 |
| Application Approved But Not Accepted | 1 | $155,000 | $155,000 | $155,000 | $276,000 | $276,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $69,000 | $69,000 | $69,000 | $78,000 | $78,000 |
| 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 |
| 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 Sumner Bank & Trust's 2014 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.
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with aggregated HMDA statistics today.
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