Planters Bank, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020

Planters Bank, Inc. 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Planters Bank, Inc.
1312 South Main St
Hopkinsville, KY 42240
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 443
Total Mortgage Loan Application Amount $71,935,000
Average Mortgage Loan Application Amount $156,000
Highest Mortgage Loan Application Amount $2,005,000
Average Applicant Income $199,400
Highest Applicant Income $3,205,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Planters Bank, Inc.. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Planters Bank, Inc.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2020 breaks down Planters Bank, Inc.'s mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Planters Bank, Inc. serves its applicants.

Each category highlights the total number of mortgage applications processed by Planters Bank, Inc., total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Planters Bank, Inc.'s mortgage activity for 2020.

Mortgage Loan Application Totals for Planters Bank, Inc. by Metropolitan Area in 2020

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
CLARKSVILLE, TN-KY 336 $ 44,310,000 $ 134,000 $ 173,000
NA (OUTSIDE OF MSA/MD) 54 $ 6,820,000 $ 228,500 $ 251,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 39 $ 16,825,000 $ 431,000 $ 625,000
KNOXVILLE, TN 3 $ 595,000 $ 198,000 $ 393,000
LEXINGTON-FAYETTE, KY 2 $ 60,000 $ 30,000 $ 16,000
BOWLING GREEN, KY 1 $ 35,000 $ 35,000 $ 99,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 1 $ 315,000 $ 315,000 $ 195,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $ 85,000 $ 85,000 $ 278,000
EVANSVILLE, IN-KY 1 $ 25,000 $ 25,000 $ 126,000
HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, SC 1 $ 255,000 $ 255,000 $ 72,000
JACKSON, TN 1 $ 45,000 $ 45,000 $ 46,000
LAS VEGAS-HENDERSON-PARADISE, NV 1 $ 1,855,000 $ 1,855,000 $ 3,205,000
PHOENIX-MESA-SCOTTSDALE, AZ 1 $ 505,000 $ 505,000 $ 90,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1 $ 205,000 $ 205,000 $ 0

Mortgage Loan Application Detail Totals for Planters Bank, Inc. in 2020

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 178 $34,610,000 $194,000 $2,005,000 $273,000 $3,205,000
Cash-out Refinancing 86 $12,140,000 $141,000 $1,165,000 $129,000 $845,000
Other Purpose 71 $7,885,000 $111,000 $1,855,000 $209,000 $3,205,000
Home Improvement 58 $4,020,000 $69,000 $405,000 $119,000 $639,000
Refinancing 50 $13,280,000 $265,000 $1,545,000 $267,000 $1,168,000
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 337 $50,925,000 $151,000 $1,855,000 $209,000 $3,205,000
Not applicable 86 $18,470,000 $214,000 $2,005,000 $0 $0
Black or African American 9 $895,000 $99,000 $315,000 $306,000 $1,420,000
Asian 5 $795,000 $159,000 $405,000 $205,000 $469,000
Not Provided 4 $300,000 $75,000 $125,000 $54,000 $77,000
Hispanic 2 $550,000 $275,000 $505,000 $326,000 $541,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 443 $71,935,000 $162,000 $2,005,000 $210,000 $3,205,000
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 423 $70,015,000 $165,000 $2,005,000 $213,000 $3,205,000
Application Denied By Financial Institution 15 $1,205,000 $80,000 $305,000 $164,000 $1,420,000
Application Withdrawn By Applicant 3 $575,000 $191,000 $505,000 $59,000 $90,000
Application Approved But Not Accepted 2 $140,000 $70,000 $125,000 $95,000 $101,000
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 443 $71,935,000 $162,000 $2,005,000 $210,000 $3,205,000
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 Planters Bank, Inc.'s 2020 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 Planters Bank, Inc.'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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