Atlantic Coast Bank Mortgage Lending & HMDA Data, 2016
In 2016, Atlantic Coast Bank of Jacksonville, FL reported 649 mortgage applications totaling $198.5 million. The average application was for $305,915, and applicants reported an average income of $158,214. 59% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Jacksonville, FL (349), Tampa-St. Petersburg-Clearwater, FL (52) and Gainesville, FL (43) (applications in parentheses).
| Mortgage Company & Address | Atlantic Coast Bank 4655 Salisbury Road, Suite 350 Jacksonville, FL 32256 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 |
| Total Number of Mortgage Applications | 649 |
| Total Mortgage Loan Application Amount | $198,539,000 |
| Average Mortgage Loan Application Amount | $305,915 |
| Highest Mortgage Loan Application Amount | $2,116,000 |
| Average Applicant Income | $158,214 |
| Highest Applicant Income | $1,458,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Atlantic Coast Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jacksonville, FL | 349 | $ 112,908,000 | $ 323,518 | $ 165,000 |
| Tampa-St. Petersburg-Clearwater, FL | 52 | $ 15,122,000 | $ 290,807 | $ 154,000 |
| Gainesville, FL | 43 | $ 19,230,000 | $ 447,209 | $ 189,000 |
| Brunswick, GA | 27 | $ 7,281,000 | $ 269,666 | $ 132,000 |
| Orlando-Kissimmee-Sanford, FL | 21 | $ 8,171,000 | $ 389,095 | $ 219,000 |
| Savannah, GA | 8 | $ 1,969,000 | $ 246,125 | $ 178,000 |
| Atlanta-Sandy Springs-Roswell, GA | 7 | $ 3,733,000 | $ 533,285 | $ 400,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 2,834,000 | $ 404,857 | $ 181,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 2,760,000 | $ 552,000 | $ 258,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 3,554,000 | $ 710,800 | $ 310,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 901,000 | $ 225,250 | $ 77,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 485,000 | $ 242,500 | $ 117,000 |
| Durham-Chapel Hill, NC | 2 | $ 515,000 | $ 257,500 | $ 97,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 1,009,000 | $ 504,500 | $ 132,000 |
| Lakeland-Winter Haven, FL | 2 | $ 865,000 | $ 432,500 | $ 2,000 |
| Macon, GA | 2 | $ 775,000 | $ 387,500 | $ 137,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 512,000 | $ 256,000 | $ 220,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 750,000 | $ 750,000 | $ 553,000 |
| Columbus, GA-AL | 1 | $ 64,000 | $ 64,000 | $ 130,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 378,000 | $ 378,000 | $ 422,000 |
| Hinesville, GA | 1 | $ 50,000 | $ 50,000 | $ 80,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 97,000 | $ 97,000 | $ 136,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 413,000 | $ 413,000 | $ 319,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 256,000 | $ 256,000 | $ 77,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 295,000 | $ 295,000 | $ 89,000 |
| Port St. Lucie, FL | 1 | $ 925,000 | $ 925,000 | $ 164,000 |
| Raleigh, NC | 1 | $ 300,000 | $ 300,000 | $ 107,000 |
| Richmond, VA | 1 | $ 370,000 | $ 370,000 | $ 126,000 |
| Valdosta, GA | 1 | $ 217,000 | $ 217,000 | $ 103,000 |
| Warner Robins, GA | 1 | $ 275,000 | $ 275,000 | $ 155,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 295,000 | $ 295,000 | $ 141,000 |
Mortgage Loan Application Detail Totals for Atlantic Coast Bank in 2016
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 | 391 | $146,483,000 | $374,000 | $2,116,000 | $168,000 | $1,071,000 |
| Refinancing | 183 | $47,235,000 | $258,000 | $1,479,000 | $171,000 | $1,458,000 |
| Home Improvement | 75 | $4,821,000 | $64,000 | $846,000 | $76,000 | $532,000 |
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 | 454 | $142,024,000 | $312,000 | $1,763,000 | $165,000 | $1,458,000 |
| Not Provided | 82 | $22,270,000 | $271,000 | $2,116,000 | $150,000 | $676,000 |
| Asian | 40 | $17,852,000 | $446,000 | $1,880,000 | $216,000 | $1,275,000 |
| Hispanic | 34 | $8,637,000 | $254,000 | $650,000 | $126,000 | $443,000 |
| Black or African American | 29 | $3,989,000 | $137,000 | $615,000 | $80,000 | $323,000 |
| Not applicable | 5 | $2,979,000 | $595,000 | $809,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 4 | $700,000 | $175,000 | $264,000 | $82,000 | $100,000 |
| American Indian or Alaskan Native | 1 | $88,000 | $88,000 | $88,000 | $39,000 | $39,000 |
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) | 618 | $193,344,000 | $312,000 | $2,116,000 | $164,000 | $1,458,000 |
| FHA-insured (Federal Housing Administration) | 23 | $4,000,000 | $173,000 | $319,000 | $58,000 | $120,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,037,000 | $172,000 | $250,000 | $68,000 | $114,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $158,000 | $79,000 | $92,000 | $31,000 | $41,000 |
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 | 385 | $121,074,000 | $314,000 | $1,880,000 | $167,000 | $1,458,000 |
| Application Denied By Financial Institution | 114 | $25,859,000 | $226,000 | $1,516,000 | $96,000 | $523,000 |
| Application Withdrawn By Applicant | 92 | $28,730,000 | $312,000 | $2,116,000 | $174,000 | $1,275,000 |
| File Closed For Incompleteness | 29 | $12,927,000 | $445,000 | $1,613,000 | $210,000 | $1,071,000 |
| Application Approved But Not Accepted | 29 | $9,949,000 | $343,000 | $1,479,000 | $183,000 | $1,071,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 41 | $3,379,000 | $82,000 | $417,000 | $65,000 | $300,000 |
| Debt-To-Income Ratio | 21 | $5,312,000 | $252,000 | $863,000 | $84,000 | $209,000 |
| Credit Application Incomplete | 21 | $7,604,000 | $362,000 | $1,516,000 | $150,000 | $523,000 |
| Collateral | 16 | $4,799,000 | $299,000 | $867,000 | $113,000 | $240,000 |
| Other | 9 | $3,203,000 | $355,000 | $850,000 | $113,000 | $350,000 |
| Unverifiable Information | 5 | $1,154,000 | $230,000 | $396,000 | $85,000 | $135,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $408,000 | $408,000 | $408,000 | $150,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Atlantic Coast Bank's 2016 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 Coast Bank'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.
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with aggregated HMDA statistics today.
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