The Bank-Oldham County, Inc. Mortgage Lending & HMDA Data, 2009
In 2009, The Bank-Oldham County, Inc. of Lagrange, KY reported 75 mortgage applications totaling $15.5 million, up 6% from 2008. The average application was for $206,533, and applicants reported an average income of $78,600. 44% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (73), Cincinnati-Middletown, OH-KY-IN (1) and Elizabethtown, KY (1) (applications in parentheses).
| Mortgage Company & Address | The Bank-Oldham County, Inc. Po Box 500 Lagrange, KY 40031 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 75 |
| Total Mortgage Loan Application Amount | $15,490,000 |
| Average Mortgage Loan Application Amount | $206,533 |
| Highest Mortgage Loan Application Amount | $3,700,000 |
| Average Applicant Income | $78,600 |
| Highest Applicant Income | $450,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Bank-Oldham County, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 The Bank-Oldham County, Inc. in 2009
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 | 50 | $12,822,000 | $256,000 | $3,700,000 | $65,000 | $273,000 |
| Home Purchase | 18 | $2,472,000 | $137,000 | $365,000 | $124,000 | $450,000 |
| Home Improvement | 7 | $196,000 | $28,000 | $75,000 | $59,000 | $101,000 |
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 | 64 | $9,417,000 | $147,000 | $1,158,000 | $77,000 | $450,000 |
| Not applicable | 10 | $5,773,000 | $577,000 | $3,700,000 | $85,000 | $317,000 |
| Asian | 1 | $300,000 | $300,000 | $300,000 | $115,000 | $115,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 62 | $13,476,000 | $217,000 | $3,700,000 | $85,000 | $450,000 |
| FHA-insured (Federal Housing Administration) | 11 | $1,789,000 | $162,000 | $285,000 | $52,000 | $86,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $225,000 | $112,000 | $141,000 | $28,000 | $29,000 |
| 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 | 33 | $7,952,000 | $240,000 | $3,700,000 | $84,000 | $450,000 |
| Application Denied By Financial Institution | 21 | $4,146,000 | $197,000 | $625,000 | $67,000 | $407,000 |
| Application Withdrawn By Applicant | 14 | $2,257,000 | $161,000 | $345,000 | $66,000 | $128,000 |
| File Closed For Incompleteness | 4 | $803,000 | $200,000 | $417,000 | $110,000 | $273,000 |
| Application Approved But Not Accepted | 3 | $332,000 | $110,000 | $112,000 | $124,000 | $252,000 |
| 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 The Bank-Oldham County, Inc.'s 2009 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 The Bank-Oldham County, Inc.'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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