Tri-County Bank Mortgage Lending & HMDA Data, 2020
In 2020, Tri-County Bank of Brown City, MI reported 346 mortgage applications totaling $52.7 million, up 70% from 2019. The average application was for $152,341, and applicants reported an average income of $102,398. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (211), Flint, MI (5) and Saginaw, MI (4) (applications in parentheses).
| Mortgage Company & Address | Tri-County Bank 4222 Main Street Brown City, MI 48416 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 346 |
| Total Mortgage Loan Application Amount | $52,710,000 |
| Average Mortgage Loan Application Amount | $152,341 |
| Highest Mortgage Loan Application Amount | $1,015,000 |
| Average Applicant Income | $102,398 |
| Highest Applicant Income | $813,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tri-County Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lapeer, Michigan | 124 | $ 21,430,000 | $ 172,822 | $ 85,000 |
| Sanilac, Michigan | 81 | $ 8,885,000 | $ 109,691 | $ 86,000 |
| St. Clair, Michigan | 52 | $ 7,670,000 | $ 147,500 | $ 118,000 |
| Macomb, Michigan | 25 | $ 3,965,000 | $ 158,600 | $ 126,000 |
| Tuscola, Michigan | 21 | $ 2,455,000 | $ 116,904 | $ 77,000 |
| Oakland, Michigan | 11 | $ 2,485,000 | $ 225,909 | $ 147,000 |
| Genesee, Michigan | 5 | $ 1,225,000 | $ 245,000 | $ 186,000 |
| Saginaw, Michigan | 4 | $ 420,000 | $ 105,000 | $ 87,000 |
| Huron, Michigan | 3 | $ 305,000 | $ 101,666 | $ 162,000 |
| Iosco, Michigan | 3 | $ 225,000 | $ 75,000 | $ 117,000 |
| Roscommon, Michigan | 2 | $ 210,000 | $ 105,000 | $ 197,000 |
| Wayne, Michigan | 2 | $ 310,000 | $ 155,000 | $ 128,000 |
| La Plata, Colorado | 1 | $ 515,000 | $ 515,000 | $ 3,000 |
| Indian River, Florida | 1 | $ 245,000 | $ 245,000 | $ 162,000 |
| Osceola, Florida | 1 | $ 245,000 | $ 245,000 | $ 460,000 |
| Cumberland, Maine | 1 | $ 245,000 | $ 245,000 | $ 156,000 |
| Arenac, Michigan | 1 | $ 165,000 | $ 165,000 | $ 83,000 |
| Benzie, Michigan | 1 | $ 125,000 | $ 125,000 | $ 114,000 |
| Cheboygan, Michigan | 1 | $ 275,000 | $ 275,000 | $ 813,000 |
| Eaton, Michigan | 1 | $ 285,000 | $ 285,000 | $ 76,000 |
| Gladwin, Michigan | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Grand Traverse, Michigan | 1 | $ 375,000 | $ 375,000 | $ 169,000 |
| Midland, Michigan | 1 | $ 165,000 | $ 165,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Tri-County Bank in 2020
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 | 147 | $23,005,000 | $156,000 | $1,015,000 | $119,000 | $813,000 |
| Cash-out Refinancing | 112 | $16,630,000 | $148,000 | $515,000 | $91,000 | $360,000 |
| Home Purchase | 75 | $11,355,000 | $151,000 | $495,000 | $83,000 | $295,000 |
| Home Improvement | 10 | $1,450,000 | $145,000 | $365,000 | $92,000 | $172,000 |
| Other Purpose | 2 | $270,000 | $135,000 | $215,000 | $300,000 | $300,000 |
| 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 | 337 | $51,705,000 | $153,000 | $1,015,000 | $102,000 | $813,000 |
| Not applicable | 5 | $455,000 | $91,000 | $155,000 | $0 | $0 |
| Hispanic | 3 | $375,000 | $125,000 | $195,000 | $88,000 | $109,000 |
| 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 |
| Black or African American | 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) | 346 | $52,710,000 | $152,000 | $1,015,000 | $102,000 | $813,000 |
| 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 | 333 | $50,755,000 | $152,000 | $1,015,000 | $104,000 | $813,000 |
| Application Denied By Financial Institution | 8 | $650,000 | $81,000 | $265,000 | $45,000 | $75,000 |
| Preapproval Approved but not Accepted | 2 | $850,000 | $425,000 | $495,000 | $102,000 | $120,000 |
| Application Approved But Not Accepted | 2 | $450,000 | $225,000 | $375,000 | $85,000 | $136,000 |
| Preapproval Denied by Financial Institution | 1 | $5,000 | $5,000 | $5,000 | $39,000 | $39,000 |
| 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 |
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 | 346 | $52,710,000 | $152,000 | $1,015,000 | $102,000 | $813,000 |
| 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 Tri-County Bank's 2020 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 Tri-County 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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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