The Bank-Oldham County, Inc. Mortgage Lending & HMDA Data, 2011
In 2011, The Bank-Oldham County, Inc. of Lagrange, KY reported 68 mortgage applications totaling $11.7 million, up 17% from 2010. The average application was for $171,720, and applicants reported an average income of $89,470. 51% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (64) and Port St. Lucie, FL (3).
| 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 | 68 |
| Total Mortgage Loan Application Amount | $11,677,000 |
| Average Mortgage Loan Application Amount | $171,720 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $89,470 |
| Highest Applicant Income | $803,000 |
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records The Bank-Oldham County, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 48 | $8,704,000 | $181,000 | $700,000 | $100,000 | $803,000 |
| Home Purchase | 12 | $2,377,000 | $198,000 | $450,000 | $69,000 | $351,000 |
| Home Improvement | 8 | $596,000 | $74,000 | $245,000 | $57,000 | $175,000 |
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 | 54 | $8,488,000 | $157,000 | $700,000 | $111,000 | $803,000 |
| Not applicable | 11 | $2,873,000 | $261,000 | $450,000 | $0 | $0 |
| Not Provided | 2 | $82,000 | $41,000 | $74,000 | $30,000 | $61,000 |
| Black or African American | 1 | $234,000 | $234,000 | $234,000 | $47,000 | $47,000 |
| Hispanic | 0 | $0 | $0 | $0 | $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) | 65 | $11,198,000 | $172,000 | $700,000 | $91,000 | $803,000 |
| FHA-insured (Federal Housing Administration) | 2 | $348,000 | $174,000 | $262,000 | $67,000 | $83,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $131,000 | $131,000 | $131,000 | $36,000 | $36,000 |
| 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 | 35 | $6,823,000 | $194,000 | $700,000 | $125,000 | $803,000 |
| Application Denied By Financial Institution | 20 | $3,186,000 | $159,000 | $450,000 | $39,000 | $84,000 |
| Application Withdrawn By Applicant | 10 | $1,461,000 | $146,000 | $310,000 | $52,000 | $83,000 |
| Application Approved But Not Accepted | 3 | $207,000 | $69,000 | $113,000 | $139,000 | $351,000 |
| 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 The Bank-Oldham County, Inc.'s 2011 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.
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