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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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CITIZENS BANK & TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITIZENS BANK & TRUST COMPANY |
| Address | 126 SOUTH MAIN STREET
BLACKSTONE, VA 23824 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 434 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,408,000 |
| Average Mortgage Loan Amount Applied For | $166,785 |
| Highest Mortgage Loan Amount Applied For | $2,040,000 |
| Average Applicant Income | $97,464 |
| Highest Applicant Income | $706,000 |
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| Home Improvement |
147 | $3,400,000 |
$23,000 | $217,000 |
$44,000 | $164,000 |
| Home Purchase |
148 | $15,881,000 |
$107,000 | $468,000 |
$59,000 | $365,000 |
| Refinancing |
142 | $20,423,000 |
$143,000 | $2,040,000 |
$70,000 | $706,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $296,000 |
$296,000 | $296,000 |
$0 | $0 |
| Black or African American |
73 | $3,597,000 |
$49,000 | $245,000 |
$38,000 | $112,000 |
| Hispanic |
5 | $362,000 |
$72,000 | $153,000 |
$34,000 | $48,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $5,373,000 |
$282,000 | $2,040,000 |
$17,000 | $248,000 |
| Not Provided |
29 | $2,154,000 |
$74,000 | $149,000 |
$40,000 | $85,000 |
| White |
310 | $27,922,000 |
$90,000 | $800,000 |
$67,000 | $706,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
437 | $39,704,000 |
$90,000 | $2,040,000 |
$57,000 | $706,000 |
| 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 |
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| Application Approved But Not Accepted |
1 | $104,000 |
$104,000 | $104,000 |
$58,000 | $58,000 |
| Application Denied By Financial Institution |
57 | $4,487,000 |
$78,000 | $375,000 |
$44,000 | $240,000 |
| Application Withdrawn By Applicant |
17 | $1,625,000 |
$95,000 | $178,000 |
$44,000 | $112,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
362 | $33,488,000 |
$92,000 | $2,040,000 |
$60,000 | $706,000 |
| 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 |
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| Collateral |
2 | $357,000 |
$178,000 | $337,000 |
$103,000 | $137,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
33 | $2,227,000 |
$67,000 | $200,000 |
$48,000 | $240,000 |
| Debt-To-Income Ratio |
18 | $1,611,000 |
$89,000 | $375,000 |
$35,000 | $85,000 |
| Employment History |
2 | $115,000 |
$57,000 | $90,000 |
$28,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $177,000 |
$88,000 | $175,000 |
$31,000 | $45,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CITIZENS BANK & TRUST COMPANY by:
Metropolitan Area And
County
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