Tri-County Bank Mortgage Lending & HMDA Data, 2024
In 2024, Tri-County Bank of Brown City, MI reported 67 mortgage applications totaling $11.7 million, down 16% from 2023. The average application was for $174,104, and applicants reported an average income of $113,492. 72% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (29) and Flint, MI (2).
| 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 | 67 |
| Total Mortgage Loan Application Amount | $11,665,000 |
| Average Mortgage Loan Application Amount | $174,104 |
| Highest Mortgage Loan Application Amount | $1,155,000 |
| Average Applicant Income | $113,492 |
| Highest Applicant Income | $929,000 |
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Act (HMDA) records Tri-County Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 36 | $ 5,010,000 | $ 139,166 | $ 96,083 |
| Warren-Troy-Farmington Hills, MI | 29 | $ 6,235,000 | $ 215,000 | $ 123,000 |
| Flint, MI | 2 | $ 420,000 | $ 210,000 | $ 121,000 |
Mortgage Loan Application Detail Totals for Tri-County Bank in 2024
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 | 30 | $6,860,000 | $228,000 | $1,155,000 | $164,000 | $929,000 |
| Refinancing | 18 | $2,700,000 | $150,000 | $415,000 | $71,000 | $167,000 |
| Cash-out Refinancing | 14 | $1,730,000 | $123,000 | $365,000 | $59,000 | $148,000 |
| Home Improvement | 5 | $375,000 | $75,000 | $205,000 | $116,000 | $209,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 61 | $10,435,000 | $171,000 | $1,155,000 | $108,000 | $929,000 |
| Not applicable | 6 | $1,230,000 | $205,000 | $345,000 | $0 | $0 |
| Not Provided | 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 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 67 | $11,665,000 | $174,000 | $1,155,000 | $108,000 | $929,000 |
| 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 | 48 | $8,530,000 | $177,000 | $1,155,000 | $125,000 | $929,000 |
| Application Denied By Financial Institution | 14 | $2,210,000 | $157,000 | $365,000 | $55,000 | $118,000 |
| Application Approved But Not Accepted | 3 | $625,000 | $208,000 | $255,000 | $104,000 | $148,000 |
| Application Withdrawn By Applicant | 2 | $300,000 | $150,000 | $225,000 | $144,000 | $167,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 67 | $11,665,000 | $174,000 | $1,155,000 | $108,000 | $929,000 |
| 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 2024 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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