Atlantic Bank and Trust Mortgage Lending & HMDA Data, 2011
In 2011, Atlantic Bank and Trust of Charleston, SC reported 48 mortgage applications totaling $10.0 million. The average application was for $209,187, and applicants reported an average income of $135,333. 56% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Myrtle Beach-North Myrtle Beach-Conway, SC (22), Charleston-North Charleston-Summerville, SC (15) and Savannah, GA (5) (applications in parentheses).
| Mortgage Company & Address | Atlantic Bank and Trust 152 East Bay Street Charleston, SC 29401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 48 |
| Total Mortgage Loan Application Amount | $10,041,000 |
| Average Mortgage Loan Application Amount | $209,187 |
| Highest Mortgage Loan Application Amount | $969,000 |
| Average Applicant Income | $135,333 |
| Highest Applicant Income | $1,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Atlantic Bank and Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 and Trust in 2011
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 | 28 | $5,990,000 | $213,000 | $969,000 | $177,000 | $1,200,000 |
| Refinancing | 20 | $4,051,000 | $202,000 | $417,000 | $77,000 | $142,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 43 | $9,284,000 | $215,000 | $969,000 | $145,000 | $1,200,000 |
| Black or African American | 3 | $321,000 | $107,000 | $173,000 | $46,000 | $63,000 |
| Asian | 1 | $267,000 | $267,000 | $267,000 | $132,000 | $132,000 |
| Not applicable | 1 | $169,000 | $169,000 | $169,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 39 | $8,706,000 | $223,000 | $969,000 | $155,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) | 6 | $981,000 | $163,000 | $230,000 | $48,000 | $75,000 |
| VA-guaranteed (Veterans Administration) | 2 | $266,000 | $133,000 | $166,000 | $73,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $88,000 | $88,000 | $88,000 | $29,000 | $29,000 |
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 | 27 | $4,986,000 | $184,000 | $400,000 | $112,000 | $556,000 |
| Application Denied By Financial Institution | 18 | $4,551,000 | $252,000 | $969,000 | $181,000 | $1,200,000 |
| Application Withdrawn By Applicant | 2 | $320,000 | $160,000 | $188,000 | $85,000 | $130,000 |
| Application Approved But Not Accepted | 1 | $184,000 | $184,000 | $184,000 | $45,000 | $45,000 |
| 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 | 8 | $1,502,000 | $187,000 | $416,000 | $218,000 | $1,200,000 |
| Credit Application Incomplete | 4 | $1,553,000 | $388,000 | $969,000 | $213,000 | $579,000 |
| Other | 2 | $599,000 | $299,000 | $417,000 | $192,000 | $242,000 |
| Debt-To-Income Ratio | 2 | $600,000 | $300,000 | $415,000 | $63,000 | $102,000 |
| Employment History | 1 | $100,000 | $100,000 | $100,000 | $74,000 | $74,000 |
| Credit History | 1 | $197,000 | $197,000 | $197,000 | $75,000 | $75,000 |
| Unverifiable Information | 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 and Trust's 2011 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 and 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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