Traders & Farmers Bank Mortgage Lending & HMDA Data, 2012
In 2012, Traders & Farmers Bank of Haleyville, AL reported 359 mortgage applications totaling $21.4 million, up 2% from 2011. The average application was for $59,721, and applicants reported an average income of $55,554. 88% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Birmingham-Hoover, AL (21), Decatur, AL (2) and Florence-Muscle Shoals, AL (1) (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 | 359 |
| Total Mortgage Loan Application Amount | $21,440,000 |
| Average Mortgage Loan Application Amount | $59,721 |
| Highest Mortgage Loan Application Amount | $526,000 |
| Average Applicant Income | $55,554 |
| Highest Applicant Income | $1,026,000 |
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(HMDA) records Traders & Farmers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Birmingham-Hoover, AL | 21 | $ 1,042,000 | $ 49,619 | $ 41,000 |
| Decatur, AL | 2 | $ 579,000 | $ 289,500 | $ 120,000 |
| Florence-Muscle Shoals, AL | 1 | $ 62,000 | $ 62,000 | $ 71,000 |
| Montgomery, AL | 1 | $ 52,000 | $ 52,000 | $ 138,000 |
Mortgage Loan Application Detail Totals for Traders & Farmers Bank in 2012
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 | 241 | $14,976,000 | $62,000 | $526,000 | $54,000 | $261,000 |
| Home Purchase | 90 | $5,290,000 | $58,000 | $482,000 | $63,000 | $1,026,000 |
| Home Improvement | 28 | $1,174,000 | $41,000 | $161,000 | $45,000 | $103,000 |
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 | 351 | $21,167,000 | $60,000 | $526,000 | $56,000 | $1,026,000 |
| Hispanic | 7 | $218,000 | $31,000 | $65,000 | $24,000 | $46,000 |
| Black or African American | 1 | $55,000 | $55,000 | $55,000 | $42,000 | $42,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 359 | $21,440,000 | $59,000 | $526,000 | $56,000 | $1,026,000 |
| 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 | 317 | $19,598,000 | $61,000 | $526,000 | $57,000 | $1,026,000 |
| Application Denied By Financial Institution | 23 | $893,000 | $38,000 | $91,000 | $46,000 | $96,000 |
| Application Approved But Not Accepted | 11 | $635,000 | $57,000 | $234,000 | $50,000 | $72,000 |
| Application Withdrawn By Applicant | 8 | $314,000 | $39,000 | $70,000 | $39,000 | $69,000 |
| 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 | 20 | $744,000 | $37,000 | $91,000 | $44,000 | $85,000 |
| Collateral | 2 | $121,000 | $60,000 | $78,000 | $66,000 | $96,000 |
| Debt-To-Income Ratio | 1 | $28,000 | $28,000 | $28,000 | $32,000 | $32,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Traders & Farmers Bank's 2012 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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