Thumb Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Thumb Bank & Trust of Pigeon, MI reported 167 mortgage applications totaling $24.5 million, down 51% from 2021. The average application was for $146,856, and applicants reported an average income of $105,053. 67% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Bay City, MI (24), Lansing-East Lansing, MI (6) and Warren-Troy-Farmington Hills, MI (6) (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 | 167 |
| Total Mortgage Loan Application Amount | $24,525,000 |
| Average Mortgage Loan Application Amount | $146,856 |
| Highest Mortgage Loan Application Amount | $705,000 |
| Average Applicant Income | $105,053 |
| Highest Applicant Income | $1,747,000 |
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Act (HMDA) records Thumb Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 123 | $ 17,765,000 | $ 144,430 | $ 108,000 |
| Bay City, MI | 24 | $ 2,710,000 | $ 112,916 | $ 84,000 |
| Lansing-East Lansing, MI | 6 | $ 1,020,000 | $ 170,000 | $ 89,000 |
| Warren-Troy-Farmington Hills, MI | 6 | $ 940,000 | $ 156,666 | $ 77,000 |
| Saginaw, MI | 4 | $ 850,000 | $ 212,500 | $ 65,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 605,000 | $ 605,000 | $ 550,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 195,000 | $ 195,000 | $ 42,000 |
| Midland, MI | 1 | $ 115,000 | $ 115,000 | $ 110,000 |
| Monroe, MI | 1 | $ 325,000 | $ 325,000 | $ 167,000 |
Mortgage Loan Application Detail Totals for Thumb Bank & Trust in 2022
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 | 77 | $13,685,000 | $177,000 | $705,000 | $108,000 | $550,000 |
| Cash-out Refinancing | 41 | $6,025,000 | $146,000 | $485,000 | $125,000 | $1,747,000 |
| Other Purpose | 19 | $1,765,000 | $92,000 | $255,000 | $101,000 | $287,000 |
| Refinancing | 18 | $2,560,000 | $142,000 | $425,000 | $80,000 | $287,000 |
| Home Improvement | 12 | $490,000 | $40,000 | $95,000 | $62,000 | $122,000 |
| 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 | 152 | $20,610,000 | $135,000 | $605,000 | $106,000 | $1,747,000 |
| Not applicable | 10 | $3,170,000 | $317,000 | $705,000 | $0 | $0 |
| Not Provided | 5 | $745,000 | $149,000 | $255,000 | $78,000 | $119,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 167 | $24,525,000 | $146,000 | $705,000 | $105,000 | $1,747,000 |
| 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 | 112 | $17,510,000 | $156,000 | $705,000 | $119,000 | $1,747,000 |
| Application Denied By Financial Institution | 39 | $4,625,000 | $118,000 | $345,000 | $72,000 | $372,000 |
| Application Approved But Not Accepted | 16 | $2,390,000 | $149,000 | $385,000 | $92,000 | $300,000 |
| 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 | 167 | $24,525,000 | $146,000 | $705,000 | $105,000 | $1,747,000 |
| 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 2022 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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