Alliance Bank & Trust Company Mortgage Lending & HMDA Data, 2009
In 2009, Alliance Bank & Trust Company of Gastonia, NC reported 17 mortgage applications totaling $1.7 million, down 87% from 2008. The average application was for $99,764, and applicants reported an average income of $68,235. 76% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Charlotte-Gastonia-Concord, NC-SC (8) and Wilmington, NC (1).
| Mortgage Company & Address | Alliance Bank & Trust Company 292 W Main Ave Gastonia, NC 28052 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 17 |
| Total Mortgage Loan Application Amount | $1,696,000 |
| Average Mortgage Loan Application Amount | $99,764 |
| Highest Mortgage Loan Application Amount | $450,000 |
| Average Applicant Income | $68,235 |
| Highest Applicant Income | $748,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alliance Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Gaston, North Carolina | 8 | $ 494,000 | $ 61,750 | $ 18,000 |
| Cleveland, North Carolina | 5 | $ 547,000 | $ 109,400 | $ 18,000 |
| Brunswick, North Carolina | 1 | $ 38,000 | $ 38,000 | $ 0 |
| Iredell, North Carolina | 1 | $ 52,000 | $ 52,000 | $ 137,000 |
| Rutherford, North Carolina | 1 | $ 115,000 | $ 115,000 | $ 44,000 |
| Watauga, North Carolina | 1 | $ 450,000 | $ 450,000 | $ 748,000 |
Mortgage Loan Application Detail Totals for Alliance Bank & Trust Company in 2009
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 | 9 | $572,000 | $63,000 | $124,000 | $12,000 | $50,000 |
| Refinancing | 7 | $1,009,000 | $144,000 | $450,000 | $144,000 | $748,000 |
| Home Improvement | 1 | $115,000 | $115,000 | $115,000 | $44,000 | $44,000 |
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 | 10 | $1,105,000 | $110,000 | $450,000 | $108,000 | $748,000 |
| Not applicable | 5 | $296,000 | $59,000 | $124,000 | $0 | $0 |
| Not Provided | 1 | $250,000 | $250,000 | $250,000 | $40,000 | $40,000 |
| Black or African American | 1 | $45,000 | $45,000 | $45,000 | $41,000 | $41,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 17 | $1,696,000 | $99,000 | $450,000 | $68,000 | $748,000 |
| 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 | 13 | $1,251,000 | $96,000 | $450,000 | $76,000 | $748,000 |
| Application Denied By Financial Institution | 3 | $400,000 | $133,000 | $250,000 | $46,000 | $50,000 |
| Application Approved But Not Accepted | 1 | $45,000 | $45,000 | $45,000 | $41,000 | $41,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 2 | $302,000 | $151,000 | $250,000 | $44,000 | $48,000 |
| Credit History | 1 | $98,000 | $98,000 | $98,000 | $50,000 | $50,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Alliance Bank & Trust Company's 2009 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 Alliance Bank & Trust Company'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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