Troy Bank & Trust Company Mortgage Lending & HMDA Data, 2016
In 2016, Troy Bank & Trust Company of Troy, AL reported 540 mortgage applications totaling $56.9 million. The average application was for $105,418, and applicants reported an average income of $93,050. 88% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Montgomery, AL (22), Dothan, AL (20) and Panama City, FL (8) (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 | 540 |
| Total Mortgage Loan Application Amount | $56,926,000 |
| Average Mortgage Loan Application Amount | $105,418 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $93,050 |
| Highest Applicant Income | $3,000,000 |
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records Troy Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 282 | $ 30,704,000 | $ 108,879 | $ 92,000 |
| Coffee, Alabama | 125 | $ 8,415,000 | $ 67,320 | $ 71,000 |
| Covington, Alabama | 26 | $ 2,679,000 | $ 103,038 | $ 75,000 |
| Crenshaw, Alabama | 25 | $ 1,965,000 | $ 78,600 | $ 53,000 |
| Montgomery, Alabama | 20 | $ 1,928,000 | $ 96,400 | $ 70,000 |
| Houston, Alabama | 12 | $ 2,707,000 | $ 225,583 | $ 252,000 |
| Dale, Alabama | 9 | $ 885,000 | $ 98,333 | $ 81,000 |
| Bay, Florida | 8 | $ 3,023,000 | $ 377,875 | $ 289,000 |
| Henry, Alabama | 6 | $ 410,000 | $ 68,333 | $ 103,000 |
| Bullock, Alabama | 3 | $ 501,000 | $ 167,000 | $ 95,000 |
| Barbour, Alabama | 2 | $ 40,000 | $ 20,000 | $ 24,000 |
| Elmore, Alabama | 2 | $ 181,000 | $ 90,500 | $ 80,000 |
| Geneva, Alabama | 2 | $ 156,000 | $ 78,000 | $ 52,000 |
| Lee, Alabama | 2 | $ 152,000 | $ 76,000 | $ 90,000 |
| Tuscaloosa, Alabama | 2 | $ 463,000 | $ 231,500 | $ 177,000 |
| Baldwin, Alabama | 1 | $ 220,000 | $ 220,000 | $ 153,000 |
| Chilton, Alabama | 1 | $ 154,000 | $ 154,000 | $ 49,000 |
| Conecuh, Alabama | 1 | $ 139,000 | $ 139,000 | $ 52,000 |
| Marengo, Alabama | 1 | $ 136,000 | $ 136,000 | $ 249,000 |
| Tallapoosa, Alabama | 1 | $ 261,000 | $ 261,000 | $ 260,000 |
| Maricopa, Arizona | 1 | $ 33,000 | $ 33,000 | $ 65,000 |
| Hillsborough, Florida | 1 | $ 587,000 | $ 587,000 | $ 390,000 |
| Jackson, Florida | 1 | $ 110,000 | $ 110,000 | $ 156,000 |
| Okaloosa, Florida | 1 | $ 85,000 | $ 85,000 | $ 407,000 |
| Walton, Florida | 1 | $ 161,000 | $ 161,000 | $ 252,000 |
| DeKalb, Georgia | 1 | $ 34,000 | $ 34,000 | $ 55,000 |
| Fayette, Georgia | 1 | $ 350,000 | $ 350,000 | $ 190,000 |
| Muscogee, Georgia | 1 | $ 82,000 | $ 82,000 | $ 0 |
| Hamilton, Tennessee | 1 | $ 365,000 | $ 365,000 | $ 604,000 |
Mortgage Loan Application Detail Totals for Troy Bank & Trust Company in 2016
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 | 289 | $36,475,000 | $126,000 | $2,000,000 | $96,000 | $3,000,000 |
| Home Improvement | 135 | $3,197,000 | $23,000 | $421,000 | $61,000 | $623,000 |
| Refinancing | 116 | $17,254,000 | $148,000 | $1,453,000 | $123,000 | $2,007,000 |
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 | 436 | $46,499,000 | $106,000 | $2,000,000 | $105,000 | $3,000,000 |
| Black or African American | 71 | $4,582,000 | $64,000 | $418,000 | $56,000 | $413,000 |
| Not applicable | 21 | $4,919,000 | $234,000 | $1,453,000 | $0 | $0 |
| Hispanic | 5 | $185,000 | $37,000 | $85,000 | $35,000 | $70,000 |
| Asian | 5 | $697,000 | $139,000 | $229,000 | $74,000 | $125,000 |
| American Indian or Alaskan Native | 2 | $44,000 | $22,000 | $40,000 | $64,000 | $89,000 |
| Native Hawaiin or Other Pacific Islander | 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) | 524 | $53,950,000 | $102,000 | $2,000,000 | $94,000 | $3,000,000 |
| VA-guaranteed (Veterans Administration) | 10 | $2,155,000 | $215,000 | $305,000 | $74,000 | $129,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $821,000 | $136,000 | $191,000 | $52,000 | $69,000 |
| 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 | 476 | $51,766,000 | $108,000 | $2,000,000 | $98,000 | $3,000,000 |
| Application Denied By Financial Institution | 35 | $2,307,000 | $65,000 | $250,000 | $39,000 | $200,000 |
| Application Withdrawn By Applicant | 26 | $2,773,000 | $106,000 | $421,000 | $81,000 | $360,000 |
| Application Approved But Not Accepted | 3 | $80,000 | $26,000 | $55,000 | $29,000 | $50,000 |
| 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 | 28 | $1,779,000 | $63,000 | $245,000 | $36,000 | $120,000 |
| Debt-To-Income Ratio | 2 | $159,000 | $79,000 | $154,000 | $26,000 | $40,000 |
| Employment History | 2 | $50,000 | $25,000 | $33,000 | $32,000 | $65,000 |
| Collateral | 2 | $276,000 | $138,000 | $250,000 | $107,000 | $200,000 |
| Unverifiable Information | 1 | $43,000 | $43,000 | $43,000 | $23,000 | $23,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Troy Bank & Trust Company's 2016 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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