Trust Company Bank Mortgage Lending & HMDA Data, 2014
In 2014, Trust Company Bank of Memphis, TN reported 90 mortgage applications totaling $12.7 million. The average application was for $141,333, and applicants reported an average income of $55,355. 59% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Pittsburgh, PA (3), Port St. Lucie, FL (3) and Camden, NJ (2) (applications in parentheses).
| Mortgage Company & Address | Trust Company Bank 766 S White Station Rd Suite 5 Memphis, TN 38117 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 |
| Total Number of Mortgage Applications | 90 |
| Total Mortgage Loan Application Amount | $12,720,000 |
| Average Mortgage Loan Application Amount | $141,333 |
| Highest Mortgage Loan Application Amount | $540,000 |
| Average Applicant Income | $55,355 |
| Highest Applicant Income | $181,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Trust Company Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Mobile, Alabama | 2 | $ 223,000 | $ 111,500 | $ 37,000 |
| Martin, Florida | 2 | $ 403,000 | $ 201,500 | $ 67,000 |
| Madison, Illinois | 2 | $ 263,000 | $ 131,500 | $ 54,000 |
| Hardin, Iowa | 2 | $ 157,000 | $ 78,500 | $ 41,000 |
| Worcester, Massachusetts | 2 | $ 448,000 | $ 224,000 | $ 84,000 |
| DeSoto, Mississippi | 2 | $ 198,000 | $ 99,000 | $ 30,000 |
| Gloucester, New Jersey | 2 | $ 334,000 | $ 167,000 | $ 103,000 |
| Lincoln, Oregon | 2 | $ 316,000 | $ 158,000 | $ 53,000 |
| Fayette, Pennsylvania | 2 | $ 206,000 | $ 103,000 | $ 46,000 |
| Wyoming, Pennsylvania | 2 | $ 159,000 | $ 79,500 | $ 29,000 |
| Henderson, Texas | 2 | $ 177,000 | $ 88,500 | $ 35,000 |
| Jefferson, Alabama | 1 | $ 131,000 | $ 131,000 | $ 55,000 |
| Kenai Peninsula, Alaska | 1 | $ 233,000 | $ 233,000 | $ 76,000 |
| Nome, Alaska | 1 | $ 312,000 | $ 312,000 | $ 152,000 |
| Pinal, Arizona | 1 | $ 153,000 | $ 153,000 | $ 69,000 |
| Woodruff, Arkansas | 1 | $ 135,000 | $ 135,000 | $ 29,000 |
| Fairfield, Connecticut | 1 | $ 540,000 | $ 540,000 | $ 143,000 |
| New Haven, Connecticut | 1 | $ 354,000 | $ 354,000 | $ 106,000 |
| Brevard, Florida | 1 | $ 129,000 | $ 129,000 | $ 75,000 |
| St. Lucie, Florida | 1 | $ 143,000 | $ 143,000 | $ 49,000 |
| Volusia, Florida | 1 | $ 157,000 | $ 157,000 | $ 37,000 |
| Coweta, Georgia | 1 | $ 95,000 | $ 95,000 | $ 36,000 |
| Effingham, Georgia | 1 | $ 126,000 | $ 126,000 | $ 59,000 |
| Emanuel, Georgia | 1 | $ 64,000 | $ 64,000 | $ 56,000 |
| Floyd, Georgia | 1 | $ 392,000 | $ 392,000 | $ 181,000 |
| Walker, Georgia | 1 | $ 61,000 | $ 61,000 | $ 27,000 |
| Pike, Illinois | 1 | $ 59,000 | $ 59,000 | $ 29,000 |
| Montgomery, Indiana | 1 | $ 85,000 | $ 85,000 | $ 49,000 |
| Mercer, Kentucky | 1 | $ 63,000 | $ 63,000 | $ 45,000 |
| Oldham, Kentucky | 1 | $ 140,000 | $ 140,000 | $ 40,000 |
| East Baton Rouge, Louisiana | 1 | $ 136,000 | $ 136,000 | $ 72,000 |
| St. Bernard, Louisiana | 1 | $ 122,000 | $ 122,000 | $ 33,000 |
| Washington, Louisiana | 1 | $ 85,000 | $ 85,000 | $ 34,000 |
| Carroll, Maryland | 1 | $ 210,000 | $ 210,000 | $ 53,000 |
| Cecil, Maryland | 1 | $ 159,000 | $ 159,000 | $ 45,000 |
| Essex, Massachusetts | 1 | $ 244,000 | $ 244,000 | $ 72,000 |
| Clinton, Michigan | 1 | $ 82,000 | $ 82,000 | $ 53,000 |
| Macomb, Michigan | 1 | $ 110,000 | $ 110,000 | $ 46,000 |
| Covington, Mississippi | 1 | $ 88,000 | $ 88,000 | $ 27,000 |
| Pearl River, Mississippi | 1 | $ 83,000 | $ 83,000 | $ 34,000 |
| Sunflower, Mississippi | 1 | $ 94,000 | $ 94,000 | $ 45,000 |
| Furnas, Nebraska | 1 | $ 72,000 | $ 72,000 | $ 46,000 |
| Hillsborough, New Hampshire | 1 | $ 215,000 | $ 215,000 | $ 108,000 |
| Ocean, New Jersey | 1 | $ 196,000 | $ 196,000 | $ 57,000 |
| Warren, New Jersey | 1 | $ 335,000 | $ 335,000 | $ 109,000 |
| Ulster, New York | 1 | $ 129,000 | $ 129,000 | $ 45,000 |
| Bladen, North Carolina | 1 | $ 92,000 | $ 92,000 | $ 43,000 |
| Iredell, North Carolina | 1 | $ 86,000 | $ 86,000 | $ 25,000 |
| Rutherford, North Carolina | 1 | $ 191,000 | $ 191,000 | $ 49,000 |
| Stutsman, North Dakota | 1 | $ 183,000 | $ 183,000 | $ 84,000 |
| Traill, North Dakota | 1 | $ 87,000 | $ 87,000 | $ 38,000 |
| Williams, North Dakota | 1 | $ 93,000 | $ 93,000 | $ 41,000 |
| Ashtabula, Ohio | 1 | $ 79,000 | $ 79,000 | $ 23,000 |
| Belmont, Ohio | 1 | $ 94,000 | $ 94,000 | $ 47,000 |
| Licking, Ohio | 1 | $ 119,000 | $ 119,000 | $ 62,000 |
| Seneca, Ohio | 1 | $ 108,000 | $ 108,000 | $ 38,000 |
| Okfuskee, Oklahoma | 1 | $ 73,000 | $ 73,000 | $ 57,000 |
| Oklahoma, Oklahoma | 1 | $ 87,000 | $ 87,000 | $ 46,000 |
| Pittsburg, Oklahoma | 1 | $ 131,000 | $ 131,000 | $ 46,000 |
| Polk, Oregon | 1 | $ 124,000 | $ 124,000 | $ 30,000 |
| Washington, Pennsylvania | 1 | $ 117,000 | $ 117,000 | $ 29,000 |
| Aiken, South Carolina | 1 | $ 132,000 | $ 132,000 | $ 41,000 |
| Anderson, South Carolina | 1 | $ 98,000 | $ 98,000 | $ 23,000 |
| Darlington, South Carolina | 1 | $ 70,000 | $ 70,000 | $ 26,000 |
| Kershaw, South Carolina | 1 | $ 139,000 | $ 139,000 | $ 60,000 |
| Cannon, Tennessee | 1 | $ 68,000 | $ 68,000 | $ 125,000 |
| Trousdale, Tennessee | 1 | $ 213,000 | $ 213,000 | $ 75,000 |
| Brazoria, Texas | 1 | $ 101,000 | $ 101,000 | $ 58,000 |
| Ellis, Texas | 1 | $ 121,000 | $ 121,000 | $ 41,000 |
| Gaines, Texas | 1 | $ 193,000 | $ 193,000 | $ 59,000 |
| Grand, Utah | 1 | $ 154,000 | $ 154,000 | $ 87,000 |
| Culpeper, Virginia | 1 | $ 130,000 | $ 130,000 | $ 38,000 |
| King, Washington | 1 | $ 276,000 | $ 276,000 | $ 80,000 |
| Whitman, Washington | 1 | $ 83,000 | $ 83,000 | $ 45,000 |
| Raleigh, West Virginia | 1 | $ 71,000 | $ 71,000 | $ 21,000 |
| Wayne, West Virginia | 1 | $ 129,000 | $ 129,000 | $ 80,000 |
| Dodge, Wisconsin | 1 | $ 176,000 | $ 176,000 | $ 60,000 |
| Jefferson, Wisconsin | 1 | $ 154,000 | $ 154,000 | $ 64,000 |
| Racine, Wisconsin | 1 | $ 132,000 | $ 132,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for Trust Company Bank in 2014
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 | 89 | $12,566,000 | $141,000 | $540,000 | $55,000 | $181,000 |
| Refinancing | 1 | $154,000 | $154,000 | $154,000 | $87,000 | $87,000 |
| Home Improvement | 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 | 76 | $10,190,000 | $134,000 | $392,000 | $55,000 | $181,000 |
| Black or African American | 5 | $1,262,000 | $252,000 | $540,000 | $76,000 | $143,000 |
| Hispanic | 5 | $710,000 | $142,000 | $335,000 | $47,000 | $109,000 |
| American Indian or Alaskan Native | 3 | $399,000 | $133,000 | $158,000 | $50,000 | $53,000 |
| Not Provided | 1 | $159,000 | $159,000 | $159,000 | $45,000 | $45,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 66 | $8,859,000 | $134,000 | $354,000 | $50,000 | $109,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,769,000 | $153,000 | $540,000 | $62,000 | $143,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3 | $317,000 | $105,000 | $154,000 | $82,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 3 | $775,000 | $258,000 | $392,000 | $118,000 | $181,000 |
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 | 53 | $7,971,000 | $150,000 | $540,000 | $55,000 | $181,000 |
| Application Withdrawn By Applicant | 22 | $3,169,000 | $144,000 | $244,000 | $63,000 | $125,000 |
| Application Denied By Financial Institution | 15 | $1,580,000 | $105,000 | $167,000 | $49,000 | $108,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3 | $206,000 | $68,000 | $72,000 | $37,000 | $46,000 |
| Debt-To-Income Ratio | 3 | $301,000 | $100,000 | $119,000 | $49,000 | $62,000 |
| Other | 3 | $376,000 | $125,000 | $157,000 | $47,000 | $72,000 |
| Collateral | 2 | $253,000 | $126,000 | $167,000 | $66,000 | $108,000 |
| Employment History | 2 | $262,000 | $131,000 | $167,000 | $67,000 | $99,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $83,000 | $83,000 | $83,000 | $45,000 | $45,000 |
| Unverifiable Information | 1 | $99,000 | $99,000 | $99,000 | $30,000 | $30,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Trust Company Bank's 2014 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 Trust Company 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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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