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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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FIRST BANK AND TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST BANK AND TRUST COMPANY |
| Address | 18528 LEE HWY
ABINGDON, VA 24210 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 682 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $81,762,000 |
| Average Mortgage Loan Amount Applied For | $146,617 |
| Highest Mortgage Loan Amount Applied For | $3,600,000 |
| Average Applicant Income | $85,319 |
| Highest Applicant Income | $637,000 |
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| Home Improvement |
137 | $3,586,000 |
$26,000 | $600,000 |
$43,000 | $434,000 |
| Home Purchase |
287 | $42,801,000 |
$149,000 | $3,600,000 |
$67,000 | $500,000 |
| Refinancing |
258 | $35,375,000 |
$137,000 | $490,000 |
$71,000 | $637,000 |
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| American Indian or Alaskan Native |
1 | $10,000 |
$10,000 | $10,000 |
$40,000 | $40,000 |
| Asian |
5 | $1,038,000 |
$207,000 | $304,000 |
$107,000 | $173,000 |
| Black or African American |
8 | $279,000 |
$34,000 | $91,000 |
$40,000 | $84,000 |
| Hispanic |
2 | $242,000 |
$121,000 | $192,000 |
$55,000 | $70,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
25 | $11,762,000 |
$470,000 | $3,600,000 |
$0 | $0 |
| Not Provided |
30 | $4,485,000 |
$149,000 | $672,000 |
$67,000 | $170,000 |
| White |
611 | $63,946,000 |
$104,000 | $490,000 |
$66,000 | $637,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
682 | $81,762,000 |
$119,000 | $3,600,000 |
$64,000 | $637,000 |
| 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 |
26 | $3,462,000 |
$133,000 | $290,000 |
$64,000 | $215,000 |
| Application Denied By Financial Institution |
83 | $9,545,000 |
$115,000 | $672,000 |
$53,000 | $170,000 |
| Application Withdrawn By Applicant |
32 | $4,758,000 |
$148,000 | $348,000 |
$65,000 | $208,000 |
| File Closed For Incompleteness |
1 | $100,000 |
$100,000 | $100,000 |
$0 | $0 |
| Loan Originated |
540 | $63,897,000 |
$118,000 | $3,600,000 |
$65,000 | $637,000 |
| 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 |
6 | $911,000 |
$151,000 | $348,000 |
$64,000 | $170,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
42 | $4,077,000 |
$97,000 | $304,000 |
$49,000 | $164,000 |
| Debt-To-Income Ratio |
26 | $3,900,000 |
$150,000 | $672,000 |
$58,000 | $158,000 |
| Employment History |
2 | $123,000 |
$61,000 | $88,000 |
$31,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $114,000 |
$114,000 | $114,000 |
$40,000 | $40,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $420,000 |
$70,000 | $130,000 |
$55,000 | $87,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST BANK AND TRUST COMPANY by:
Metropolitan Area And
County
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