West Alabama Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, West Alabama Bank & Trust of Reform, AL reported 431 mortgage applications totaling $35.7 million, down 31% from 2008. The average application was for $82,723, and applicants reported an average income of $69,183. 71% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Tuscaloosa, AL (85), Birmingham-Hoover, AL (56) and Atlanta-Sandy Springs-Marietta, GA (2) (applications in parentheses).
| Mortgage Company & Address | West Alabama Bank & Trust P O Box 310 Reform, AL 35481 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 431 |
| Total Mortgage Loan Application Amount | $35,654,000 |
| Average Mortgage Loan Application Amount | $82,723 |
| Highest Mortgage Loan Application Amount | $1,186,000 |
| Average Applicant Income | $69,183 |
| Highest Applicant Income | $1,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records West Alabama Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 West Alabama Bank & Trust in 2009
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 | 212 | $21,803,000 | $102,000 | $1,186,000 | $82,000 | $1,300,000 |
| Home Purchase | 131 | $11,398,000 | $87,000 | $308,000 | $62,000 | $1,047,000 |
| Home Improvement | 88 | $2,453,000 | $27,000 | $158,000 | $49,000 | $145,000 |
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 | 310 | $26,484,000 | $85,000 | $1,186,000 | $85,000 | $1,300,000 |
| Black or African American | 72 | $2,917,000 | $40,000 | $220,000 | $42,000 | $145,000 |
| Not applicable | 37 | $5,423,000 | $146,000 | $878,000 | $0 | $0 |
| Not Provided | 10 | $732,000 | $73,000 | $138,000 | $43,000 | $89,000 |
| Asian | 2 | $98,000 | $49,000 | $95,000 | $13,000 | $17,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 394 | $31,648,000 | $80,000 | $1,186,000 | $72,000 | $1,300,000 |
| FHA-insured (Federal Housing Administration) | 29 | $3,164,000 | $109,000 | $191,000 | $46,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $499,000 | $83,000 | $135,000 | $27,000 | $36,000 |
| VA-guaranteed (Veterans Administration) | 2 | $343,000 | $171,000 | $220,000 | $41,000 | $60,000 |
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 | 307 | $23,389,000 | $76,000 | $1,186,000 | $75,000 | $1,300,000 |
| Application Denied By Financial Institution | 75 | $5,308,000 | $70,000 | $372,000 | $43,000 | $151,000 |
| Application Withdrawn By Applicant | 39 | $5,949,000 | $152,000 | $373,000 | $74,000 | $265,000 |
| File Closed For Incompleteness | 6 | $755,000 | $125,000 | $309,000 | $48,000 | $94,000 |
| Application Approved But Not Accepted | 4 | $253,000 | $63,000 | $88,000 | $77,000 | $141,000 |
| 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 West Alabama Bank & Trust's 2009 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 West Alabama 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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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