Atlantic Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Atlantic Bank & Trust of Charleston, SC reported 135 mortgage applications totaling $36.0 million, up 47% from 2009. The average application was for $266,296, and applicants reported an average income of $138,785. 66% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Charleston-North Charleston-Summerville, SC (75), Savannah, GA (20) and Myrtle Beach-North Myrtle Beach-Conway, SC (17) (applications in parentheses).
| Mortgage Company & Address | Atlantic Bank & Trust 152 East Bay Street Charleston, SC 29401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 |
| Total Number of Mortgage Applications | 135 |
| Total Mortgage Loan Application Amount | $35,950,000 |
| Average Mortgage Loan Application Amount | $266,296 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $138,785 |
| Highest Applicant Income | $1,469,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Atlantic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Atlantic Bank & Trust in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 78 | $20,939,000 | $268,000 | $896,000 | $137,000 | $646,000 |
| Home Purchase | 56 | $14,516,000 | $259,000 | $2,000,000 | $136,000 | $1,469,000 |
| Home Improvement | 1 | $495,000 | $495,000 | $495,000 | $434,000 | $434,000 |
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 | 127 | $34,731,000 | $273,000 | $2,000,000 | $140,000 | $1,469,000 |
| Hispanic | 3 | $411,000 | $137,000 | $189,000 | $89,000 | $122,000 |
| Asian | 2 | $408,000 | $204,000 | $343,000 | $264,000 | $515,000 |
| Black or African American | 1 | $125,000 | $125,000 | $125,000 | $29,000 | $29,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $255,000 | $255,000 | $255,000 | $111,000 | $111,000 |
| Not applicable | 1 | $20,000 | $20,000 | $20,000 | $0 | $0 |
| Not Provided | 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) | 106 | $29,917,000 | $282,000 | $2,000,000 | $155,000 | $1,469,000 |
| FHA-insured (Federal Housing Administration) | 24 | $4,721,000 | $196,000 | $343,000 | $74,000 | $130,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,250,000 | $312,000 | $403,000 | $112,000 | $165,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $62,000 | $62,000 | $62,000 | $18,000 | $18,000 |
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 | 89 | $24,056,000 | $270,000 | $2,000,000 | $140,000 | $1,469,000 |
| Application Denied By Financial Institution | 22 | $4,944,000 | $224,000 | $495,000 | $120,000 | $646,000 |
| Application Withdrawn By Applicant | 17 | $5,407,000 | $318,000 | $812,000 | $160,000 | $426,000 |
| File Closed For Incompleteness | 6 | $1,503,000 | $250,000 | $460,000 | $99,000 | $317,000 |
| Application Approved But Not Accepted | 1 | $40,000 | $40,000 | $40,000 | $295,000 | $295,000 |
| 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 |
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 | 7 | $1,803,000 | $257,000 | $495,000 | $135,000 | $434,000 |
| Debt-To-Income Ratio | 6 | $1,098,000 | $183,000 | $351,000 | $66,000 | $174,000 |
| Other | 3 | $768,000 | $256,000 | $258,000 | $97,000 | $130,000 |
| Unverifiable Information | 3 | $788,000 | $262,000 | $390,000 | $245,000 | $646,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $297,000 | $148,000 | $172,000 | $72,000 | $116,000 |
| Mortgage Insurance Denied | 1 | $190,000 | $190,000 | $190,000 | $125,000 | $125,000 |
| Employment History | 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 Atlantic Bank & Trust's 2010 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 Atlantic Bank & Trust'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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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