West Alabama Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, West Alabama Bank & Trust of Reform, AL reported 162 mortgage applications totaling $45.0 million, down 3% from 2021. The average application was for $277,839, and applicants reported an average income of $185,962. 88% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Tuscaloosa, AL (82), Birmingham-Hoover, AL (14) and Daphne-Fairhope-Foley, AL (8) (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 | 162 |
| Total Mortgage Loan Application Amount | $45,010,000 |
| Average Mortgage Loan Application Amount | $277,839 |
| Highest Mortgage Loan Application Amount | $2,125,000 |
| Average Applicant Income | $185,962 |
| Highest Applicant Income | $2,332,000 |
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records West Alabama Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 104 | $33,780,000 | $324,000 | $2,125,000 | $191,000 | $951,000 |
| Refinancing | 43 | $8,935,000 | $207,000 | $1,495,000 | $208,000 | $2,332,000 |
| Home Improvement | 8 | $1,360,000 | $170,000 | $755,000 | $76,000 | $174,000 |
| Other Purpose | 6 | $530,000 | $88,000 | $245,000 | $100,000 | $239,000 |
| Cash-out Refinancing | 1 | $405,000 | $405,000 | $405,000 | $110,000 | $110,000 |
| Not Applicable | 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 | 72 | $15,290,000 | $212,000 | $1,095,000 | $224,000 | $2,332,000 |
| Not applicable | 69 | $28,565,000 | $413,000 | $2,125,000 | $0 | $0 |
| Black or African American | 20 | $1,030,000 | $51,000 | $225,000 | $47,000 | $108,000 |
| Asian | 1 | $125,000 | $125,000 | $125,000 | $85,000 | $85,000 |
| 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 |
| Not Provided | 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) | 162 | $45,010,000 | $277,000 | $2,125,000 | $182,000 | $2,332,000 |
| 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 | 143 | $39,715,000 | $277,000 | $2,125,000 | $204,000 | $2,332,000 |
| Application Approved But Not Accepted | 8 | $1,210,000 | $151,000 | $285,000 | $90,000 | $145,000 |
| Application Denied By Financial Institution | 7 | $1,025,000 | $146,000 | $405,000 | $59,000 | $110,000 |
| Application Withdrawn By Applicant | 4 | $3,060,000 | $765,000 | $1,785,000 | $35,000 | $44,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 162 | $45,010,000 | $277,000 | $2,125,000 | $182,000 | $2,332,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into West Alabama Bank & Trust's 2022 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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