Traders & Farmers Bank Mortgage Lending & HMDA Data, 2013
In 2013, Traders & Farmers Bank of Haleyville, AL reported 326 mortgage applications totaling $21.5 million, down 9% from 2012. The average application was for $65,797, and applicants reported an average income of $53,190. 93% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Birmingham-Hoover, AL (29), Florence-Muscle Shoals, AL (7) and Decatur, AL (2) (applications in parentheses).
| Mortgage Company & Address | Traders & Farmers Bank Po Box 550 Haleyville, AL 35565 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 326 |
| Total Mortgage Loan Application Amount | $21,450,000 |
| Average Mortgage Loan Application Amount | $65,797 |
| Highest Mortgage Loan Application Amount | $703,000 |
| Average Applicant Income | $53,190 |
| Highest Applicant Income | $290,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Traders & Farmers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Winston, Alabama | 184 | $ 11,744,000 | $ 63,826 | $ 53,000 |
| Marion, Alabama | 73 | $ 4,240,000 | $ 58,082 | $ 47,000 |
| Walker, Alabama | 28 | $ 1,847,000 | $ 65,964 | $ 52,000 |
| Franklin, Alabama | 21 | $ 1,745,000 | $ 83,095 | $ 60,000 |
| Colbert, Alabama | 5 | $ 223,000 | $ 44,600 | $ 83,000 |
| Cullman, Alabama | 5 | $ 238,000 | $ 47,600 | $ 111,000 |
| Lauderdale, Alabama | 2 | $ 133,000 | $ 66,500 | $ 49,000 |
| Jefferson, Alabama | 1 | $ 10,000 | $ 10,000 | $ 46,000 |
| Lawrence, Alabama | 1 | $ 277,000 | $ 277,000 | $ 47,000 |
| Madison, Alabama | 1 | $ 200,000 | $ 200,000 | $ 41,000 |
| Mobile, Alabama | 1 | $ 73,000 | $ 73,000 | $ 35,000 |
| Morgan, Alabama | 1 | $ 520,000 | $ 520,000 | $ 131,000 |
| Houston, Georgia | 1 | $ 21,000 | $ 21,000 | $ 39,000 |
| Lincoln, Kentucky | 1 | $ 116,000 | $ 116,000 | $ 70,000 |
| McMinn, Tennessee | 1 | $ 63,000 | $ 63,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Traders & Farmers Bank in 2013
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 | 214 | $16,248,000 | $75,000 | $703,000 | $56,000 | $271,000 |
| Home Purchase | 92 | $4,498,000 | $48,000 | $220,000 | $48,000 | $290,000 |
| Home Improvement | 20 | $704,000 | $35,000 | $116,000 | $47,000 | $249,000 |
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 | 320 | $21,214,000 | $66,000 | $703,000 | $54,000 | $290,000 |
| Hispanic | 4 | $93,000 | $23,000 | $37,000 | $22,000 | $26,000 |
| Black or African American | 1 | $56,000 | $56,000 | $56,000 | $29,000 | $29,000 |
| American Indian or Alaskan Native | 1 | $87,000 | $87,000 | $87,000 | $81,000 | $81,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 326 | $21,450,000 | $65,000 | $703,000 | $53,000 | $290,000 |
| 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 | 304 | $20,362,000 | $66,000 | $703,000 | $55,000 | $290,000 |
| Application Denied By Financial Institution | 15 | $521,000 | $34,000 | $100,000 | $22,000 | $46,000 |
| Application Withdrawn By Applicant | 4 | $250,000 | $62,000 | $110,000 | $51,000 | $126,000 |
| Application Approved But Not Accepted | 3 | $317,000 | $105,000 | $200,000 | $46,000 | $57,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 14 | $501,000 | $35,000 | $100,000 | $23,000 | $46,000 |
| Collateral | 1 | $20,000 | $20,000 | $20,000 | $15,000 | $15,000 |
| Credit Application Incomplete | 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 Traders & Farmers Bank's 2013 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 Traders & Farmers Bank'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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