Troy Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, Troy Bank & Trust Company of Troy, AL reported 573 mortgage applications totaling $69.7 million, up 6% from 2016. The average application was for $121,638, and applicants reported an average income of $75,132. 90% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Dothan, AL (55), Montgomery, AL (19) and Panama City, FL (18) (applications in parentheses).
| Mortgage Company & Address | Troy Bank & Trust Company P O Box 967 Troy, AL 36081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 |
| Total Number of Mortgage Applications | 573 |
| Total Mortgage Loan Application Amount | $69,699,000 |
| Average Mortgage Loan Application Amount | $121,638 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $75,132 |
| Highest Applicant Income | $1,138,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Troy Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pike, Alabama | 237 | $ 24,280,000 | $ 102,447 | $ 66,000 |
| Coffee, Alabama | 119 | $ 8,852,000 | $ 74,386 | $ 59,000 |
| Houston, Alabama | 43 | $ 8,646,000 | $ 201,069 | $ 124,000 |
| Covington, Alabama | 23 | $ 2,453,000 | $ 106,652 | $ 117,000 |
| Crenshaw, Alabama | 18 | $ 3,527,000 | $ 195,944 | $ 127,000 |
| Dale, Alabama | 18 | $ 1,650,000 | $ 91,666 | $ 45,000 |
| Bay, Florida | 18 | $ 4,347,000 | $ 241,500 | $ 96,000 |
| Montgomery, Alabama | 17 | $ 1,768,000 | $ 104,000 | $ 81,000 |
| Lee, Alabama | 11 | $ 3,140,000 | $ 285,454 | $ 80,000 |
| Barbour, Alabama | 9 | $ 845,000 | $ 93,888 | $ 63,000 |
| Geneva, Alabama | 8 | $ 660,000 | $ 82,500 | $ 37,000 |
| Bullock, Alabama | 6 | $ 351,000 | $ 58,500 | $ 58,000 |
| Baldwin, Alabama | 5 | $ 1,019,000 | $ 203,800 | $ 87,000 |
| Henry, Alabama | 4 | $ 297,000 | $ 74,250 | $ 88,000 |
| Okaloosa, Florida | 4 | $ 1,073,000 | $ 268,250 | $ 70,000 |
| Chilton, Alabama | 3 | $ 613,000 | $ 204,333 | $ 72,000 |
| Jefferson, Alabama | 3 | $ 906,000 | $ 302,000 | $ 165,000 |
| Russell, Alabama | 3 | $ 249,000 | $ 83,000 | $ 26,000 |
| Escambia, Florida | 3 | $ 626,000 | $ 208,666 | $ 94,000 |
| Muscogee, Georgia | 3 | $ 680,000 | $ 226,666 | $ 28,000 |
| Tallapoosa, Alabama | 2 | $ 817,000 | $ 408,500 | $ 183,000 |
| Walton, Florida | 2 | $ 968,000 | $ 484,000 | $ 213,000 |
| Elmore, Alabama | 1 | $ 155,000 | $ 155,000 | $ 100,000 |
| Lowndes, Alabama | 1 | $ 85,000 | $ 85,000 | $ 80,000 |
| Macon, Alabama | 1 | $ 27,000 | $ 27,000 | $ 32,000 |
| Madison, Alabama | 1 | $ 70,000 | $ 70,000 | $ 100,000 |
| Talladega, Alabama | 1 | $ 40,000 | $ 40,000 | $ 55,000 |
| Brevard, Florida | 1 | $ 202,000 | $ 202,000 | $ 59,000 |
| Duval, Florida | 1 | $ 36,000 | $ 36,000 | $ 65,000 |
| Early, Georgia | 1 | $ 149,000 | $ 149,000 | $ 68,000 |
| Harris, Georgia | 1 | $ 54,000 | $ 54,000 | $ 80,000 |
| Putnam, Georgia | 1 | $ 298,000 | $ 298,000 | $ 85,000 |
| Troup, Georgia | 1 | $ 250,000 | $ 250,000 | $ 117,000 |
| Rankin, Mississippi | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Carroll, Tennessee | 1 | $ 54,000 | $ 54,000 | $ 21,000 |
| Liberty, Texas | 1 | $ 342,000 | $ 342,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for Troy Bank & Trust Company 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 | 314 | $42,665,000 | $135,000 | $750,000 | $76,000 | $790,000 |
| Refinancing | 154 | $23,252,000 | $150,000 | $2,000,000 | $83,000 | $1,138,000 |
| Home Improvement | 105 | $3,782,000 | $36,000 | $590,000 | $61,000 | $277,000 |
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 | 431 | $53,900,000 | $125,000 | $2,000,000 | $86,000 | $1,138,000 |
| Black or African American | 73 | $4,535,000 | $62,000 | $400,000 | $52,000 | $251,000 |
| Not applicable | 47 | $7,984,000 | $169,000 | $1,640,000 | $0 | $0 |
| Asian | 11 | $1,400,000 | $127,000 | $360,000 | $87,000 | $350,000 |
| Hispanic | 7 | $1,248,000 | $178,000 | $350,000 | $150,000 | $520,000 |
| American Indian or Alaskan Native | 2 | $281,000 | $140,000 | $268,000 | $56,000 | $80,000 |
| Not Provided | 2 | $351,000 | $175,000 | $194,000 | $53,000 | $62,000 |
| 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) | 528 | $62,547,000 | $118,000 | $2,000,000 | $76,000 | $1,138,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $2,882,000 | $120,000 | $212,000 | $42,000 | $70,000 |
| VA-guaranteed (Veterans Administration) | 21 | $4,270,000 | $203,000 | $417,000 | $91,000 | $274,000 |
| 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 | 517 | $64,829,000 | $125,000 | $2,000,000 | $75,000 | $1,138,000 |
| Application Denied By Financial Institution | 41 | $2,202,000 | $53,000 | $216,000 | $51,000 | $167,000 |
| Application Withdrawn By Applicant | 14 | $2,658,000 | $189,000 | $792,000 | $137,000 | $460,000 |
| Application Approved But Not Accepted | 1 | $10,000 | $10,000 | $10,000 | $58,000 | $58,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 32 | $1,639,000 | $51,000 | $216,000 | $47,000 | $167,000 |
| Debt-To-Income Ratio | 4 | $224,000 | $56,000 | $86,000 | $62,000 | $149,000 |
| Employment History | 2 | $32,000 | $16,000 | $22,000 | $59,000 | $85,000 |
| Collateral | 1 | $67,000 | $67,000 | $67,000 | $137,000 | $137,000 |
| Other | 1 | $165,000 | $165,000 | $165,000 | $56,000 | $56,000 |
| Unverifiable Information | 1 | $75,000 | $75,000 | $75,000 | $27,000 | $27,000 |
| 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 Troy Bank & Trust Company'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 Troy Bank & Trust Company'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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