Score |
||
Rank |
Institution |
(0-100) |
1. |
Citizens Trust Bank * |
90 |
2. |
Mutual Federal Savings and Loan * |
80 |
3. |
Liberty Federal Savings and Loan |
21 |
4. |
Anchor Savings Bank |
18 |
5. |
DeKalb Federal Savings and Loan |
14 |
6. |
California Federal Savings and Loan |
13 |
7. |
First Federal Savings and Loan |
12 |
8. |
First Union Bank |
11 |
9. |
Decatur Federal Savings and Loan |
10 |
10. |
Home Federal Savings and Loan |
9 |
11. |
C&S Bank |
9 |
12. |
Georgia Federal Savings Bank |
8 |
13. |
Bank South |
8 |
14. |
Fulton Federal Savings and Loan |
7 |
15. |
Trust Company Bank |
7 |
16. |
First American Bank |
7 |
17. |
First Atlanta Bank |
7 |
* Black-owned institutions
Sources: Home Mortgage Disclosure Act reports by financial institutions, 1985-86; U.S. Bureau of the Census, 1980; Atlanta Regional Commission, 1987.
How the rankings were determined:
Loan information reported by banks and savings and loans for 1985-86 was analyzed by The Atlanta Journal-Constitution and the Hubert H. Humphrey Institute of Public Affairs at the University of Minnesota; rankings were determined using a method adapted from similar studies by a researcher at Johns Hopkins University.
The rankings are based on a point system that rewards lenders for loans to minority and lower-income areas. Points were awarded for each loan based on the census tract in which the home was located. Census tracts in the seven-county metro area were categorized by race (white, black and integrated) and income (high income, upper-middle income, middle income, lower-middle income and low-income). White areas are those that are at least 80 percent white; black areas are at least 80 percent black; the rest are integrated.
For example, a lender that made all of its home-purchase loans in poor black areas would receive a 100 score. A lender that made all its loans in rich white areas would receive a 0 score. A lender that made all its loans in middle-income integrated areas would receive a 50 score. Race and income were valued equally.
Loans were counted only in stable neighborhoods. Excluded were high-growth areas, as measured by an increase of more than 10 percent since 1970 in single-family housing; declining areas, as measured by any decrease in single-family housing; and purely commercial areas, as measured by census tracts with fewer than 500 owner-occupied homes. If these loans had been included, the scores for most lenders would have been lower.
Figures for banks, with the exception of C&S, do not include mortgage companies owned by banks. Other banks declined to provide that information.
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