Traders & Farmers Bank Mortgage Lending & HMDA Data, 2017
In 2017, Traders & Farmers Bank of Haleyville, AL reported 307 mortgage applications totaling $21.2 million, up 31% from 2016. The average application was for $68,925, and applicants reported an average income of $64,368. 74% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Birmingham-Hoover, AL (23), Baton Rouge, LA (3) and Florence-Muscle Shoals, AL (3) (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 | 307 |
| Total Mortgage Loan Application Amount | $21,160,000 |
| Average Mortgage Loan Application Amount | $68,925 |
| Highest Mortgage Loan Application Amount | $714,000 |
| Average Applicant Income | $64,368 |
| Highest Applicant Income | $623,000 |
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(HMDA) records Traders & Farmers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 23 | $ 1,588,000 | $ 69,043 | $ 82,000 |
| Baton Rouge, LA | 3 | $ 176,000 | $ 58,666 | $ 52,000 |
| Florence-Muscle Shoals, AL | 3 | $ 663,000 | $ 221,000 | $ 21,000 |
| Tulsa, OK | 3 | $ 181,000 | $ 60,333 | $ 39,000 |
| Tuscaloosa, AL | 3 | $ 229,000 | $ 76,333 | $ 88,000 |
| Beaumont-Port Arthur, TX | 2 | $ 77,000 | $ 38,500 | $ 77,000 |
| Abilene, TX | 1 | $ 106,000 | $ 106,000 | $ 64,000 |
| Auburn-Opelika, AL | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 89,000 | $ 89,000 | $ 82,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 20,000 | $ 20,000 | $ 28,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 97,000 | $ 97,000 | $ 83,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 54,000 | $ 54,000 | $ 91,000 |
| Fort Worth-Arlington, TX | 1 | $ 29,000 | $ 29,000 | $ 84,000 |
| Gadsden, AL | 1 | $ 38,000 | $ 38,000 | $ 64,000 |
| Hammond, LA | 1 | $ 46,000 | $ 46,000 | $ 163,000 |
| Homosassa Springs, FL | 1 | $ 42,000 | $ 42,000 | $ 51,000 |
| Hot Springs, AR | 1 | $ 84,000 | $ 84,000 | $ 137,000 |
| Huntsville, AL | 1 | $ 238,000 | $ 238,000 | $ 84,000 |
| Lake Charles, LA | 1 | $ 69,000 | $ 69,000 | $ 76,000 |
| Lawton, OK | 1 | $ 48,000 | $ 48,000 | $ 90,000 |
| Macon-Bibb County, GA | 1 | $ 66,000 | $ 66,000 | $ 40,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 46,000 | $ 46,000 | $ 48,000 |
| Oklahoma City, OK | 1 | $ 20,000 | $ 20,000 | $ 44,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 71,000 | $ 71,000 | $ 62,000 |
| Rocky Mount, NC | 1 | $ 57,000 | $ 57,000 | $ 55,000 |
| San Antonio-New Braunfels, TX | 1 | $ 66,000 | $ 66,000 | $ 40,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 69,000 | $ 69,000 | $ 83,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 44,000 | $ 44,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Traders & Farmers Bank in 2017
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 | 142 | $11,142,000 | $78,000 | $714,000 | $69,000 | $623,000 |
| Refinancing | 134 | $8,508,000 | $63,000 | $526,000 | $57,000 | $344,000 |
| Home Improvement | 31 | $1,510,000 | $48,000 | $179,000 | $75,000 | $237,000 |
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 | 297 | $19,982,000 | $67,000 | $714,000 | $65,000 | $623,000 |
| Hispanic | 4 | $234,000 | $58,000 | $102,000 | $33,000 | $40,000 |
| Black or African American | 3 | $250,000 | $83,000 | $120,000 | $54,000 | $95,000 |
| Not applicable | 3 | $694,000 | $231,000 | $526,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 307 | $21,160,000 | $68,000 | $714,000 | $64,000 | $623,000 |
| 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 | 228 | $16,712,000 | $73,000 | $714,000 | $67,000 | $623,000 |
| Loan Purchased By The Institution | 46 | $2,544,000 | $55,000 | $106,000 | $64,000 | $163,000 |
| Application Denied By Financial Institution | 26 | $1,443,000 | $55,000 | $175,000 | $39,000 | $86,000 |
| Application Withdrawn By Applicant | 4 | $210,000 | $52,000 | $75,000 | $50,000 | $65,000 |
| Application Approved But Not Accepted | 3 | $251,000 | $83,000 | $139,000 | $49,000 | $55,000 |
| File Closed For Incompleteness | 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 | 17 | $744,000 | $43,000 | $120,000 | $39,000 | $86,000 |
| Debt-To-Income Ratio | 7 | $675,000 | $96,000 | $175,000 | $46,000 | $73,000 |
| Employment History | 1 | $6,000 | $6,000 | $6,000 | $14,000 | $14,000 |
| Other | 1 | $18,000 | $18,000 | $18,000 | $14,000 | $14,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Traders & Farmers Bank's 2017 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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