Thumb Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Thumb Bank & Trust of Pigeon, MI reported 338 mortgage applications totaling $46.0 million, down 25% from 2020. The average application was for $136,035, and applicants reported an average income of $95,970. 70% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Bay City, MI (50), Warren-Troy-Farmington Hills, MI (11) and Detroit-Dearborn-Livonia, MI (5) (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 | 338 |
| Total Mortgage Loan Application Amount | $45,980,000 |
| Average Mortgage Loan Application Amount | $136,035 |
| Highest Mortgage Loan Application Amount | $655,000 |
| Average Applicant Income | $95,970 |
| Highest Applicant Income | $764,000 |
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Act (HMDA) records Thumb Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 250 | $ 34,200,000 | $ 136,800 | $ 98,324 |
| Bay City, MI | 50 | $ 6,410,000 | $ 128,200 | $ 83,000 |
| Warren-Troy-Farmington Hills, MI | 11 | $ 1,905,000 | $ 173,181 | $ 126,000 |
| Detroit-Dearborn-Livonia, MI | 5 | $ 355,000 | $ 71,000 | $ 84,000 |
| Lansing-East Lansing, MI | 4 | $ 810,000 | $ 202,500 | $ 52,000 |
| Midland, MI | 4 | $ 480,000 | $ 120,000 | $ 62,000 |
| Saginaw, MI | 3 | $ 165,000 | $ 55,000 | $ 41,000 |
| Flint, MI | 2 | $ 140,000 | $ 70,000 | $ 61,000 |
| Ann Arbor, MI | 1 | $ 75,000 | $ 75,000 | $ 122,000 |
| Billings, MT | 1 | $ 235,000 | $ 235,000 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 225,000 | $ 225,000 | $ 262,000 |
| Columbus, OH | 1 | $ 145,000 | $ 145,000 | $ 97,000 |
| Duluth, MN-WI | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 155,000 | $ 155,000 | $ 112,000 |
| Kalamazoo-Portage, MI | 1 | $ 105,000 | $ 105,000 | $ 114,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 195,000 | $ 195,000 | $ 158,000 |
| Tucson, AZ | 1 | $ 235,000 | $ 235,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Thumb Bank & Trust in 2021
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 | 115 | $16,705,000 | $145,000 | $545,000 | $102,000 | $764,000 |
| Cash-out Refinancing | 102 | $15,270,000 | $149,000 | $635,000 | $94,000 | $707,000 |
| Refinancing | 102 | $11,540,000 | $113,000 | $515,000 | $90,000 | $483,000 |
| Other Purpose | 14 | $2,310,000 | $165,000 | $655,000 | $115,000 | $242,000 |
| Home Improvement | 5 | $155,000 | $31,000 | $45,000 | $66,000 | $116,000 |
| 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 | 300 | $39,320,000 | $131,000 | $545,000 | $97,000 | $764,000 |
| Not Provided | 25 | $3,165,000 | $126,000 | $535,000 | $84,000 | $365,000 |
| Not applicable | 9 | $3,025,000 | $336,000 | $655,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $77,000 | $77,000 |
| Asian | 1 | $155,000 | $155,000 | $155,000 | $92,000 | $92,000 |
| Hispanic | 1 | $105,000 | $105,000 | $105,000 | $32,000 | $32,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 338 | $45,980,000 | $136,000 | $655,000 | $96,000 | $764,000 |
| 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 | 238 | $33,470,000 | $140,000 | $655,000 | $99,000 | $764,000 |
| Application Denied By Financial Institution | 58 | $7,470,000 | $128,000 | $535,000 | $70,000 | $386,000 |
| Application Approved But Not Accepted | 42 | $5,040,000 | $120,000 | $345,000 | $115,000 | $679,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 338 | $45,980,000 | $136,000 | $655,000 | $96,000 | $764,000 |
| 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 2021 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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