Traders & Farmers Bank Mortgage Lending & HMDA Data, 2016
In 2016, Traders & Farmers Bank of Haleyville, AL reported 234 mortgage applications totaling $18.4 million, down 1% from 2015. The average application was for $78,773, and applicants reported an average income of $76,811. 85% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Birmingham-Hoover, AL (16), Florence-Muscle Shoals, AL (7) and Auburn-Opelika, 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 | 234 |
| Total Mortgage Loan Application Amount | $18,433,000 |
| Average Mortgage Loan Application Amount | $78,773 |
| Highest Mortgage Loan Application Amount | $713,000 |
| Average Applicant Income | $76,811 |
| Highest Applicant Income | $1,928,000 |
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(HMDA) records Traders & Farmers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 144 | $ 9,546,000 | $ 66,291 | $ 68,000 |
| Marion, Alabama | 35 | $ 2,318,000 | $ 66,228 | $ 49,000 |
| Franklin, Alabama | 17 | $ 1,207,000 | $ 71,000 | $ 67,000 |
| Walker, Alabama | 16 | $ 1,436,000 | $ 89,750 | $ 60,000 |
| Cullman, Alabama | 8 | $ 1,795,000 | $ 224,375 | $ 113,000 |
| Colbert, Alabama | 4 | $ 625,000 | $ 156,250 | $ 507,000 |
| Lauderdale, Alabama | 3 | $ 414,000 | $ 138,000 | $ 94,000 |
| Lee, Alabama | 2 | $ 272,000 | $ 136,000 | $ 126,000 |
| Fayette, Alabama | 1 | $ 36,000 | $ 36,000 | $ 41,000 |
| Madison, Alabama | 1 | $ 99,000 | $ 99,000 | $ 244,000 |
| Morgan, Alabama | 1 | $ 450,000 | $ 450,000 | $ 452,000 |
| Hall, Georgia | 1 | $ 193,000 | $ 193,000 | $ 174,000 |
| Lincoln, Kentucky | 1 | $ 42,000 | $ 42,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Traders & Farmers Bank in 2016
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 | 112 | $8,173,000 | $72,000 | $713,000 | $65,000 | $318,000 |
| Refinancing | 100 | $9,157,000 | $91,000 | $536,000 | $90,000 | $1,928,000 |
| Home Improvement | 22 | $1,103,000 | $50,000 | $110,000 | $77,000 | $228,000 |
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 | 230 | $18,197,000 | $79,000 | $713,000 | $78,000 | $1,928,000 |
| American Indian or Alaskan Native | 2 | $176,000 | $88,000 | $91,000 | $33,000 | $37,000 |
| Hispanic | 1 | $20,000 | $20,000 | $20,000 | $23,000 | $23,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $40,000 | $40,000 | $40,000 | $21,000 | $21,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 234 | $18,433,000 | $78,000 | $713,000 | $77,000 | $1,928,000 |
| 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 | 199 | $16,502,000 | $82,000 | $713,000 | $83,000 | $1,928,000 |
| Application Denied By Financial Institution | 29 | $1,532,000 | $52,000 | $135,000 | $44,000 | $98,000 |
| Application Withdrawn By Applicant | 4 | $291,000 | $72,000 | $133,000 | $63,000 | $72,000 |
| Application Approved But Not Accepted | 2 | $108,000 | $54,000 | $98,000 | $24,000 | $49,000 |
| 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 | 21 | $1,065,000 | $50,000 | $135,000 | $44,000 | $98,000 |
| Debt-To-Income Ratio | 3 | $230,000 | $76,000 | $120,000 | $31,000 | $46,000 |
| Employment History | 3 | $65,000 | $21,000 | $45,000 | $50,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $40,000 | $40,000 | $40,000 | $21,000 | $21,000 |
| Collateral | 1 | $132,000 | $132,000 | $132,000 | $89,000 | $89,000 |
| Credit Application Incomplete | 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 2016 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About