Atlantic Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Atlantic Bank & Trust of Charleston, SC reported 66 mortgage applications totaling $61.5 million. The average application was for $931,818, and applicants reported an average income of $459,848. 88% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Charleston-North Charleston-Summerville, SC (51), Atlanta-Sandy Springs-Marietta, GA (3) and Florence, SC (2) (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 | 66 |
| Total Mortgage Loan Application Amount | $61,500,000 |
| Average Mortgage Loan Application Amount | $931,818 |
| Highest Mortgage Loan Application Amount | $5,150,000 |
| Average Applicant Income | $459,848 |
| Highest Applicant Income | $8,607,000 |
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(HMDA) records Atlantic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Charleston, South Carolina | 46 | $ 47,429,000 | $ 1,031,065 | $ 593,000 |
| Berkeley, South Carolina | 5 | $ 3,921,000 | $ 784,200 | $ 128,000 |
| Fulton, Georgia | 3 | $ 2,939,000 | $ 979,666 | $ 0 |
| Mobile, Alabama | 2 | $ 710,000 | $ 355,000 | $ 183,000 |
| Florence, South Carolina | 2 | $ 2,006,000 | $ 1,003,000 | $ 0 |
| Georgetown, South Carolina | 2 | $ 1,520,000 | $ 760,000 | $ 762,000 |
| Baldwin, Alabama | 1 | $ 672,000 | $ 672,000 | $ 0 |
| Buncombe, North Carolina | 1 | $ 330,000 | $ 330,000 | $ 0 |
| Beaufort, South Carolina | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Greenville, South Carolina | 1 | $ 688,000 | $ 688,000 | $ 356,000 |
| Horry, South Carolina | 1 | $ 435,000 | $ 435,000 | $ 117,000 |
| Kershaw, South Carolina | 1 | $ 250,000 | $ 250,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Atlantic Bank & Trust in 2008
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 | 35 | $30,284,000 | $865,000 | $3,300,000 | $420,000 | $8,607,000 |
| Home Purchase | 29 | $29,253,000 | $1,008,000 | $5,150,000 | $486,000 | $5,557,000 |
| Home Improvement | 2 | $1,963,000 | $981,000 | $1,275,000 | $778,000 | $1,200,000 |
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 | 34 | $30,674,000 | $902,000 | $2,900,000 | $828,000 | $8,607,000 |
| Not applicable | 24 | $26,378,000 | $1,099,000 | $5,150,000 | $0 | $0 |
| Not Provided | 5 | $4,263,000 | $852,000 | $1,530,000 | $428,000 | $1,200,000 |
| Black or African American | 2 | $135,000 | $67,000 | $85,000 | $23,000 | $31,000 |
| Hispanic | 1 | $50,000 | $50,000 | $50,000 | $22,000 | $22,000 |
| 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) | 65 | $61,450,000 | $945,000 | $5,150,000 | $467,000 | $8,607,000 |
| FHA-insured (Federal Housing Administration) | 1 | $50,000 | $50,000 | $50,000 | $22,000 | $22,000 |
| 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 | 58 | $49,209,000 | $848,000 | $5,150,000 | $454,000 | $8,607,000 |
| Application Denied By Financial Institution | 5 | $7,091,000 | $1,418,000 | $2,900,000 | $289,000 | $592,000 |
| Application Withdrawn By Applicant | 1 | $2,200,000 | $2,200,000 | $2,200,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $840,000 | $840,000 | $840,000 | $194,000 | $194,000 |
| Application Approved But Not Accepted | 1 | $2,160,000 | $2,160,000 | $2,160,000 | $2,409,000 | $2,409,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $6,656,000 | $1,664,000 | $2,900,000 | $332,000 | $592,000 |
| Credit History | 1 | $435,000 | $435,000 | $435,000 | $117,000 | $117,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Atlantic Bank & Trust's 2008 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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