Vermilion Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, Vermilion Bank & Trust Company of Kaplan, LA reported 106 mortgage applications totaling $7.5 million, up 12% from 2016. The average application was for $70,330, and applicants reported an average income of $74,566. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lafayette, LA (102) and Lake Charles, LA (2).
| Mortgage Company & Address | Vermilion Bank & Trust Company 420 N Cushing Ave Kaplan, LA 70548 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 106 |
| Total Mortgage Loan Application Amount | $7,455,000 |
| Average Mortgage Loan Application Amount | $70,330 |
| Highest Mortgage Loan Application Amount | $640,000 |
| Average Applicant Income | $74,566 |
| Highest Applicant Income | $517,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Vermilion Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lafayette, LA | 102 | $ 7,119,000 | $ 69,794 | $ 75,000 |
| Lake Charles, LA | 2 | $ 180,000 | $ 90,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Vermilion 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 |
|---|---|---|---|---|---|---|
| Refinancing | 51 | $4,472,000 | $87,000 | $404,000 | $82,000 | $298,000 |
| Home Purchase | 29 | $2,419,000 | $83,000 | $640,000 | $62,000 | $205,000 |
| Home Improvement | 26 | $564,000 | $21,000 | $164,000 | $74,000 | $517,000 |
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 | 88 | $5,410,000 | $61,000 | $404,000 | $79,000 | $298,000 |
| Not applicable | 8 | $1,823,000 | $227,000 | $640,000 | $0 | $0 |
| Black or African American | 7 | $109,000 | $15,000 | $34,000 | $40,000 | $62,000 |
| Asian | 2 | $87,000 | $43,000 | $50,000 | $300,000 | $517,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $26,000 | $26,000 | $26,000 | $64,000 | $64,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 106 | $7,455,000 | $70,000 | $640,000 | $75,000 | $517,000 |
| 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 | 100 | $7,167,000 | $71,000 | $640,000 | $76,000 | $517,000 |
| Application Denied By Financial Institution | 6 | $288,000 | $48,000 | $142,000 | $59,000 | $148,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 6 | $288,000 | $48,000 | $142,000 | $59,000 | $148,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Vermilion 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 Vermilion 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.
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