West Alabama Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, West Alabama Bank & Trust of Reform, AL reported 266 mortgage applications totaling $25.2 million, down 14% from 2013. The average application was for $94,763, and applicants reported an average income of $76,872. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Tuscaloosa, AL (115), Birmingham-Hoover, AL (30) and Daphne-Fairhope-Foley, AL (1) (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 | 266 |
| Total Mortgage Loan Application Amount | $25,207,000 |
| Average Mortgage Loan Application Amount | $94,763 |
| Highest Mortgage Loan Application Amount | $861,000 |
| Average Applicant Income | $76,872 |
| Highest Applicant Income | $1,343,000 |
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records West Alabama Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Refinancing | 118 | $13,210,000 | $111,000 | $861,000 | $70,000 | $519,000 |
| Home Purchase | 90 | $10,184,000 | $113,000 | $490,000 | $80,000 | $681,000 |
| Home Improvement | 58 | $1,813,000 | $31,000 | $327,000 | $86,000 | $1,343,000 |
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 | 187 | $18,751,000 | $100,000 | $861,000 | $94,000 | $1,343,000 |
| Black or African American | 50 | $1,596,000 | $31,000 | $186,000 | $47,000 | $245,000 |
| Not applicable | 20 | $4,055,000 | $202,000 | $690,000 | $1,000 | $29,000 |
| Not Provided | 8 | $767,000 | $95,000 | $270,000 | $73,000 | $139,000 |
| Asian | 1 | $38,000 | $38,000 | $38,000 | $18,000 | $18,000 |
| 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) | 259 | $24,435,000 | $94,000 | $861,000 | $77,000 | $1,343,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $418,000 | $104,000 | $118,000 | $32,000 | $75,000 |
| FHA-insured (Federal Housing Administration) | 3 | $354,000 | $118,000 | $209,000 | $88,000 | $100,000 |
| 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 | 196 | $19,448,000 | $99,000 | $861,000 | $84,000 | $1,343,000 |
| Application Denied By Financial Institution | 36 | $1,984,000 | $55,000 | $395,000 | $48,000 | $137,000 |
| Application Withdrawn By Applicant | 23 | $3,148,000 | $136,000 | $417,000 | $71,000 | $255,000 |
| Application Approved But Not Accepted | 11 | $627,000 | $57,000 | $161,000 | $50,000 | $99,000 |
| 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 West Alabama Bank & Trust'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 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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