Tri-County Bank Mortgage Lending & HMDA Data, 2013
In 2013, Tri-County Bank of Brown City, MI reported 336 mortgage applications totaling $35.8 million, down 11% from 2012. The average application was for $106,434, and applicants reported an average income of $73,648. 72% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (219), Flint, MI (3) and Saginaw-Saginaw Township North, MI (3) (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 | 336 |
| Total Mortgage Loan Application Amount | $35,762,000 |
| Average Mortgage Loan Application Amount | $106,434 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $73,648 |
| Highest Applicant Income | $395,000 |
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Act (HMDA) records Tri-County Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Tri-County Bank in 2013
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 | 182 | $21,959,000 | $120,000 | $417,000 | $73,000 | $371,000 |
| Home Purchase | 122 | $11,428,000 | $93,000 | $400,000 | $74,000 | $395,000 |
| Home Improvement | 32 | $2,375,000 | $74,000 | $280,000 | $76,000 | $234,000 |
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 | 319 | $33,509,000 | $105,000 | $417,000 | $75,000 | $395,000 |
| Not Provided | 7 | $992,000 | $141,000 | $315,000 | $92,000 | $275,000 |
| Hispanic | 6 | $506,000 | $84,000 | $160,000 | $51,000 | $85,000 |
| Not applicable | 4 | $755,000 | $188,000 | $285,000 | $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) | 331 | $35,314,000 | $106,000 | $417,000 | $74,000 | $395,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $448,000 | $89,000 | $124,000 | $45,000 | $83,000 |
| 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 | 243 | $25,560,000 | $105,000 | $417,000 | $77,000 | $395,000 |
| Application Denied By Financial Institution | 71 | $7,807,000 | $109,000 | $315,000 | $61,000 | $275,000 |
| Application Approved But Not Accepted | 13 | $1,494,000 | $114,000 | $267,000 | $83,000 | $176,000 |
| Application Withdrawn By Applicant | 7 | $728,000 | $104,000 | $180,000 | $52,000 | $70,000 |
| File Closed For Incompleteness | 1 | $61,000 | $61,000 | $61,000 | $55,000 | $55,000 |
| Preapproval Denied by Financial Institution | 1 | $112,000 | $112,000 | $112,000 | $167,000 | $167,000 |
| 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 2013 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.
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