Atlantic Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Atlantic Bank & Trust of Charleston, SC reported 92 mortgage applications totaling $34.8 million, up 39% from 2008. The average application was for $378,510, and applicants reported an average income of $298,423. 71% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Charleston-North Charleston-Summerville, SC (64), Savannah, GA (15) and Myrtle Beach-North Myrtle Beach-Conway, SC (6) (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 | 92 |
| Total Mortgage Loan Application Amount | $34,823,000 |
| Average Mortgage Loan Application Amount | $378,510 |
| Highest Mortgage Loan Application Amount | $3,850,000 |
| Average Applicant Income | $298,423 |
| Highest Applicant Income | $5,671,000 |
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(HMDA) records Atlantic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Charleston-North Charleston-Summerville, SC | 64 | $ 26,497,000 | $ 414,015 | $ 314,000 |
| Savannah, GA | 15 | $ 3,169,000 | $ 211,266 | $ 208,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 6 | $ 3,528,000 | $ 588,000 | $ 520,000 |
| Columbia, SC | 2 | $ 257,000 | $ 128,500 | $ 65,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 72,000 | $ 72,000 | $ 276,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 95,000 | $ 95,000 | $ 34,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 50,000 | $ 50,000 | $ 50,000 |
| Mobile, AL | 1 | $ 480,000 | $ 480,000 | $ 484,000 |
Mortgage Loan Application Detail Totals for Atlantic Bank & Trust 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 | 56 | $19,156,000 | $342,000 | $3,850,000 | $225,000 | $4,827,000 |
| Refinancing | 29 | $14,492,000 | $499,000 | $2,600,000 | $428,000 | $5,671,000 |
| Home Improvement | 7 | $1,175,000 | $167,000 | $469,000 | $349,000 | $2,075,000 |
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 | 58 | $26,366,000 | $454,000 | $3,850,000 | $404,000 | $5,671,000 |
| Not applicable | 14 | $2,585,000 | $184,000 | $700,000 | $0 | $0 |
| Black or African American | 8 | $772,000 | $96,000 | $122,000 | $19,000 | $33,000 |
| Not Provided | 6 | $3,592,000 | $598,000 | $2,400,000 | $197,000 | $468,000 |
| Hispanic | 3 | $965,000 | $321,000 | $450,000 | $123,000 | $253,000 |
| Asian | 2 | $433,000 | $216,000 | $263,000 | $1,129,000 | $2,075,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $110,000 | $110,000 | $110,000 | $42,000 | $42,000 |
| 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) | 89 | $34,366,000 | $386,000 | $3,850,000 | $307,000 | $5,671,000 |
| FHA-insured (Federal Housing Administration) | 3 | $457,000 | $152,000 | $201,000 | $52,000 | $79,000 |
| 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 | 65 | $23,747,000 | $365,000 | $3,850,000 | $346,000 | $5,671,000 |
| Application Denied By Financial Institution | 12 | $3,636,000 | $303,000 | $900,000 | $196,000 | $619,000 |
| Application Withdrawn By Applicant | 8 | $5,027,000 | $628,000 | $2,400,000 | $245,000 | $484,000 |
| Application Approved But Not Accepted | 5 | $517,000 | $103,000 | $203,000 | $101,000 | $344,000 |
| File Closed For Incompleteness | 2 | $1,896,000 | $948,000 | $1,100,000 | $81,000 | $144,000 |
| 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 | 6 | $968,000 | $161,000 | $270,000 | $114,000 | $293,000 |
| Other | 2 | $467,000 | $233,000 | $417,000 | $215,000 | $380,000 |
| Credit History | 2 | $450,000 | $225,000 | $405,000 | $62,000 | $114,000 |
| Unverifiable Information | 1 | $851,000 | $851,000 | $851,000 | $501,000 | $501,000 |
| Collateral | 1 | $900,000 | $900,000 | $900,000 | $619,000 | $619,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Atlantic Bank & Trust'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 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About