Tri-County Bank Mortgage Lending & HMDA Data, 2015
In 2015, Tri-County Bank of Brown City, MI reported 328 mortgage applications totaling $41.1 million, up 43% from 2014. The average application was for $125,182, and applicants reported an average income of $70,384. 66% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (205) and Grand Rapids-Wyoming, MI (1).
| 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 | 328 |
| Total Mortgage Loan Application Amount | $41,060,000 |
| Average Mortgage Loan Application Amount | $125,182 |
| Highest Mortgage Loan Application Amount | $511,000 |
| Average Applicant Income | $70,384 |
| Highest Applicant Income | $477,000 |
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Act (HMDA) records Tri-County Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Warren-Troy-Farmington Hills, MI | 205 | $ 29,762,000 | $ 145,180 | $ 80,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 127,000 | $ 127,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Tri-County Bank in 2015
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 | 166 | $20,684,000 | $124,000 | $417,000 | $68,000 | $358,000 |
| Refinancing | 130 | $17,827,000 | $137,000 | $511,000 | $75,000 | $477,000 |
| Home Improvement | 32 | $2,549,000 | $79,000 | $293,000 | $64,000 | $167,000 |
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 | 294 | $37,414,000 | $127,000 | $511,000 | $74,000 | $477,000 |
| Not Provided | 24 | $2,497,000 | $104,000 | $293,000 | $51,000 | $132,000 |
| Hispanic | 7 | $602,000 | $86,000 | $214,000 | $25,000 | $56,000 |
| Not applicable | 3 | $547,000 | $182,000 | $300,000 | $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 |
| 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) | 317 | $39,485,000 | $124,000 | $458,000 | $72,000 | $477,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,575,000 | $143,000 | $511,000 | $42,000 | $68,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 215 | $28,393,000 | $132,000 | $511,000 | $76,000 | $386,000 |
| Application Denied By Financial Institution | 59 | $7,089,000 | $120,000 | $417,000 | $70,000 | $477,000 |
| Preapproval Denied by Financial Institution | 36 | $3,769,000 | $104,000 | $250,000 | $45,000 | $132,000 |
| Application Approved But Not Accepted | 15 | $1,542,000 | $102,000 | $196,000 | $59,000 | $115,000 |
| Application Withdrawn By Applicant | 3 | $267,000 | $89,000 | $119,000 | $72,000 | $116,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Tri-County Bank's 2015 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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