Waycross Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Waycross Bank & Trust of Waycross, GA reported 132 mortgage applications totaling $12.4 million, down 7% from 2012. The average application was for $93,727, and applicants reported an average income of $91,318. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Brunswick, GA (41) and Jacksonville, FL (2).
| Mortgage Company & Address | Waycross Bank & Trust 501 Tebeau Street Waycross, GA 31501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 132 |
| Total Mortgage Loan Application Amount | $12,372,000 |
| Average Mortgage Loan Application Amount | $93,727 |
| Highest Mortgage Loan Application Amount | $1,154,000 |
| Average Applicant Income | $91,318 |
| Highest Applicant Income | $701,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Waycross Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Waycross Bank & Trust 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 | 90 | $7,268,000 | $80,000 | $889,000 | $82,000 | $701,000 |
| Home Purchase | 32 | $4,677,000 | $146,000 | $1,154,000 | $127,000 | $680,000 |
| Home Improvement | 10 | $427,000 | $42,000 | $111,000 | $61,000 | $176,000 |
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 | 103 | $7,102,000 | $68,000 | $585,000 | $104,000 | $701,000 |
| Not applicable | 18 | $4,189,000 | $232,000 | $1,154,000 | $2,000 | $36,000 |
| Black or African American | 4 | $205,000 | $51,000 | $75,000 | $33,000 | $56,000 |
| Hispanic | 3 | $105,000 | $35,000 | $53,000 | $34,000 | $34,000 |
| Asian | 2 | $353,000 | $176,000 | $300,000 | $350,000 | $483,000 |
| American Indian or Alaskan Native | 1 | $378,000 | $378,000 | $378,000 | $99,000 | $99,000 |
| Not Provided | 1 | $40,000 | $40,000 | $40,000 | $238,000 | $238,000 |
| 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) | 132 | $12,372,000 | $93,000 | $1,154,000 | $91,000 | $701,000 |
| 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 | 123 | $11,549,000 | $93,000 | $1,154,000 | $92,000 | $701,000 |
| Application Denied By Financial Institution | 5 | $557,000 | $111,000 | $378,000 | $58,000 | $99,000 |
| Application Withdrawn By Applicant | 3 | $226,000 | $75,000 | $111,000 | $51,000 | $77,000 |
| Application Approved But Not Accepted | 1 | $40,000 | $40,000 | $40,000 | $238,000 | $238,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Waycross Bank & Trust'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 Waycross Bank & Trust'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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