Thumb Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Thumb Bank & Trust of Pigeon, MI reported 192 mortgage applications totaling $21.0 million, up 22% from 2018. The average application was for $109,322, and applicants reported an average income of $91,843. 72% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Bay City, MI (28), Midland, MI (3) and Warren-Troy-Farmington Hills, MI (3) (applications in parentheses).
| Mortgage Company & Address | Thumb Bank & Trust 7254 Michigan Ave., P.O. Box 560 Pigeon, MI 48755 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 192 |
| Total Mortgage Loan Application Amount | $20,990,000 |
| Average Mortgage Loan Application Amount | $109,322 |
| Highest Mortgage Loan Application Amount | $485,000 |
| Average Applicant Income | $91,843 |
| Highest Applicant Income | $400,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Thumb Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Huron, Michigan | 78 | $ 8,020,000 | $ 102,820 | $ 107,000 |
| Tuscola, Michigan | 31 | $ 2,195,000 | $ 70,806 | $ 53,000 |
| Bay, Michigan | 28 | $ 3,540,000 | $ 126,428 | $ 110,000 |
| Sanilac, Michigan | 15 | $ 1,635,000 | $ 109,000 | $ 59,000 |
| Clare, Michigan | 9 | $ 1,005,000 | $ 111,666 | $ 48,000 |
| Barry, Michigan | 4 | $ 640,000 | $ 160,000 | $ 57,000 |
| Isabella, Michigan | 4 | $ 420,000 | $ 105,000 | $ 127,000 |
| Gladwin, Michigan | 3 | $ 225,000 | $ 75,000 | $ 20,000 |
| Manistee, Michigan | 3 | $ 415,000 | $ 138,333 | $ 107,000 |
| Midland, Michigan | 3 | $ 705,000 | $ 235,000 | $ 111,000 |
| Oakland, Michigan | 2 | $ 340,000 | $ 170,000 | $ 142,000 |
| Saginaw, Michigan | 2 | $ 190,000 | $ 95,000 | $ 131,000 |
| Alger, Michigan | 1 | $ 125,000 | $ 125,000 | $ 176,000 |
| Antrim, Michigan | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Cass, Michigan | 1 | $ 165,000 | $ 165,000 | $ 73,000 |
| Charlevoix, Michigan | 1 | $ 55,000 | $ 55,000 | $ 294,000 |
| Cheboygan, Michigan | 1 | $ 95,000 | $ 95,000 | $ 180,000 |
| Gratiot, Michigan | 1 | $ 15,000 | $ 15,000 | $ 51,000 |
| Macomb, Michigan | 1 | $ 485,000 | $ 485,000 | $ 100,000 |
| Ogemaw, Michigan | 1 | $ 55,000 | $ 55,000 | $ 63,000 |
| St. Joseph, Michigan | 1 | $ 165,000 | $ 165,000 | $ 73,000 |
| Mecklenburg, North Carolina | 1 | $ 385,000 | $ 385,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Thumb Bank & Trust in 2019
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 | 89 | $12,055,000 | $135,000 | $485,000 | $102,000 | $400,000 |
| Home Improvement | 34 | $2,020,000 | $59,000 | $215,000 | $87,000 | $377,000 |
| Cash-out Refinancing | 28 | $2,690,000 | $96,000 | $385,000 | $73,000 | $294,000 |
| Refinancing | 28 | $3,480,000 | $124,000 | $485,000 | $87,000 | $342,000 |
| Other Purpose | 13 | $745,000 | $57,000 | $165,000 | $86,000 | $291,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 179 | $19,585,000 | $109,000 | $485,000 | $93,000 | $400,000 |
| Not Provided | 6 | $560,000 | $93,000 | $165,000 | $54,000 | $75,000 |
| Not applicable | 5 | $705,000 | $141,000 | $185,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $85,000 | $85,000 | $85,000 | $114,000 | $114,000 |
| Hispanic | 1 | $55,000 | $55,000 | $55,000 | $62,000 | $62,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 192 | $20,990,000 | $109,000 | $485,000 | $92,000 | $400,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 139 | $15,275,000 | $109,000 | $485,000 | $98,000 | $400,000 |
| Application Denied By Financial Institution | 29 | $2,805,000 | $96,000 | $485,000 | $61,000 | $377,000 |
| Application Approved But Not Accepted | 23 | $2,885,000 | $125,000 | $385,000 | $94,000 | $315,000 |
| Application Withdrawn By Applicant | 1 | $25,000 | $25,000 | $25,000 | $84,000 | $84,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 192 | $20,990,000 | $109,000 | $485,000 | $92,000 | $400,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Thumb Bank & Trust's 2019 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 Thumb 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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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