Atlantic Coast Bank Mortgage Lending & HMDA Data, 2009
In 2009, Atlantic Coast Bank of Waycross, GA reported 1,344 mortgage applications totaling $187.4 million, down 44% from 2008. The average application was for $139,448, and applicants reported an average income of $72,977. 39% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Jacksonville, FL (526), Savannah, GA (46) and Brunswick, GA (20) (applications in parentheses).
| Mortgage Company & Address | Atlantic Coast Bank 505 Haines Avenue Waycross, GA 31501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,344 |
| Total Mortgage Loan Application Amount | $187,419,000 |
| Average Mortgage Loan Application Amount | $139,448 |
| Highest Mortgage Loan Application Amount | $1,840,000 |
| Average Applicant Income | $72,977 |
| Highest Applicant Income | $1,163,000 |
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Act (HMDA) records Atlantic Coast Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 526 | $ 102,098,000 | $ 194,102 | $ 92,000 |
| Savannah, GA | 46 | $ 6,436,000 | $ 139,913 | $ 74,000 |
| Brunswick, GA | 20 | $ 2,328,000 | $ 116,400 | $ 74,000 |
| Tallahassee, FL | 17 | $ 2,948,000 | $ 173,411 | $ 87,000 |
| Atlanta-Sandy Springs-Marietta, GA | 11 | $ 2,021,000 | $ 183,727 | $ 108,000 |
| Hinesville-Fort Stewart, GA | 7 | $ 662,000 | $ 94,571 | $ 76,000 |
| Portland-Vancouver-Beaverton, OR-WA | 6 | $ 434,000 | $ 72,333 | $ 58,000 |
| Albany, GA | 5 | $ 341,000 | $ 68,200 | $ 30,000 |
| Orlando-Kissimmee, FL | 5 | $ 1,017,000 | $ 203,400 | $ 97,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 640,000 | $ 128,000 | $ 89,000 |
| Charleston-North Charleston-Summerville, SC | 4 | $ 217,000 | $ 54,250 | $ 49,000 |
| Lake Havasu City-Kingman, AZ | 4 | $ 502,000 | $ 125,500 | $ 151,000 |
| Montgomery, AL | 4 | $ 213,000 | $ 53,250 | $ 43,000 |
| Anniston-Oxford, AL | 3 | $ 193,000 | $ 64,333 | $ 62,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 384,000 | $ 128,000 | $ 48,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 563,000 | $ 187,666 | $ 74,000 |
| Lafayette, LA | 3 | $ 131,000 | $ 43,666 | $ 36,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 455,000 | $ 151,666 | $ 57,000 |
| Palm Coast, FL | 3 | $ 769,000 | $ 256,333 | $ 71,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 423,000 | $ 141,000 | $ 90,000 |
| Wilmington, NC | 3 | $ 329,000 | $ 109,666 | $ 63,000 |
| Alexandria, LA | 2 | $ 184,000 | $ 92,000 | $ 53,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 174,000 | $ 87,000 | $ 67,000 |
| Birmingham-Hoover, AL | 2 | $ 100,000 | $ 50,000 | $ 42,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 778,000 | $ 389,000 | $ 106,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 255,000 | $ 127,500 | $ 58,000 |
| Lakeland-Winter Haven, FL | 2 | $ 180,000 | $ 90,000 | $ 46,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 178,000 | $ 89,000 | $ 61,000 |
| New Orleans-Metairie-Kenner, LA | 2 | $ 352,000 | $ 176,000 | $ 53,000 |
| Oklahoma City, OK | 2 | $ 218,000 | $ 109,000 | $ 61,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 145,000 | $ 72,500 | $ 63,000 |
| Tulsa, OK | 2 | $ 147,000 | $ 73,500 | $ 60,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 242,000 | $ 121,000 | $ 77,000 |
| Albuquerque, NM | 1 | $ 245,000 | $ 245,000 | $ 7,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 57,000 | $ 57,000 | $ 67,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 185,000 | $ 185,000 | $ 184,000 |
| Dallas-Plano-Irving, TX | 1 | $ 256,000 | $ 256,000 | $ 36,000 |
| Eugene-Springfield, OR | 1 | $ 43,000 | $ 43,000 | $ 50,000 |
| Farmington, NM | 1 | $ 53,000 | $ 53,000 | $ 62,000 |
| Fort Smith, AR-OK | 1 | $ 18,000 | $ 18,000 | $ 150,000 |
| Gainesville, FL | 1 | $ 65,000 | $ 65,000 | $ 182,000 |
| Greensboro-High Point, NC | 1 | $ 169,000 | $ 169,000 | $ 96,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 52,000 | $ 52,000 | $ 107,000 |
| Jackson, MS | 1 | $ 50,000 | $ 50,000 | $ 36,000 |
| Knoxville, TN | 1 | $ 62,000 | $ 62,000 | $ 21,000 |
| Lake Charles, LA | 1 | $ 118,000 | $ 118,000 | $ 70,000 |
| Las Vegas-Paradise, NV | 1 | $ 18,000 | $ 18,000 | $ 24,000 |
| Macon, GA | 1 | $ 87,000 | $ 87,000 | $ 26,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Mobile, AL | 1 | $ 50,000 | $ 50,000 | $ 25,000 |
| Modesto, CA | 1 | $ 150,000 | $ 150,000 | $ 75,000 |
| Monroe, LA | 1 | $ 109,000 | $ 109,000 | $ 192,000 |
| Morristown, TN | 1 | $ 68,000 | $ 68,000 | $ 47,000 |
| New York-White Plains-Wayne, NY-NJ | 1 | $ 120,000 | $ 120,000 | $ 83,000 |
| Newark-Union, NJ-PA | 1 | $ 302,000 | $ 302,000 | $ 105,000 |
| Ocala, FL | 1 | $ 85,000 | $ 85,000 | $ 20,000 |
| Olympia, WA | 1 | $ 29,000 | $ 29,000 | $ 12,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 56,000 | $ 56,000 | $ 32,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 73,000 | $ 73,000 | $ 182,000 |
| Port St. Lucie, FL | 1 | $ 257,000 | $ 257,000 | $ 513,000 |
| Raleigh-Cary, NC | 1 | $ 101,000 | $ 101,000 | $ 42,000 |
| Rapid City, SD | 1 | $ 209,000 | $ 209,000 | $ 80,000 |
| Richmond, VA | 1 | $ 150,000 | $ 150,000 | $ 52,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 73,000 | $ 73,000 | $ 49,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 102,000 | $ 102,000 | $ 50,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 134,000 | $ 134,000 | $ 65,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 51,000 | $ 51,000 | $ 48,000 |
| Shreveport-Bossier City, LA | 1 | $ 56,000 | $ 56,000 | $ 34,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 164,000 | $ 164,000 | $ 269,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 78,000 | $ 78,000 | $ 48,000 |
| Tucson, AZ | 1 | $ 47,000 | $ 47,000 | $ 68,000 |
| Valdosta, GA | 1 | $ 133,000 | $ 133,000 | $ 42,000 |
| Warner Robins, GA | 1 | $ 86,000 | $ 86,000 | $ 50,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 145,000 | $ 145,000 | $ 168,000 |
| Worcester, MA | 1 | $ 261,000 | $ 261,000 | $ 132,000 |
Mortgage Loan Application Detail Totals for Atlantic Coast Bank 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 | 668 | $85,592,000 | $128,000 | $1,840,000 | $67,000 | $1,163,000 |
| Refinancing | 611 | $98,961,000 | $161,000 | $1,400,000 | $81,000 | $866,000 |
| Home Improvement | 65 | $2,866,000 | $44,000 | $389,000 | $59,000 | $386,000 |
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 | 1,001 | $142,794,000 | $142,000 | $1,840,000 | $77,000 | $1,163,000 |
| Black or African American | 159 | $18,400,000 | $115,000 | $387,000 | $53,000 | $348,000 |
| Hispanic | 90 | $9,410,000 | $104,000 | $305,000 | $41,000 | $365,000 |
| Not Provided | 67 | $12,341,000 | $184,000 | $1,528,000 | $93,000 | $767,000 |
| Asian | 16 | $2,706,000 | $169,000 | $417,000 | $89,000 | $513,000 |
| American Indian or Alaskan Native | 6 | $595,000 | $99,000 | $252,000 | $54,000 | $72,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $744,000 | $248,000 | $316,000 | $161,000 | $307,000 |
| Not applicable | 2 | $429,000 | $214,000 | $267,000 | $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) | 931 | $129,750,000 | $139,000 | $1,840,000 | $83,000 | $1,163,000 |
| FHA-insured (Federal Housing Administration) | 343 | $46,828,000 | $136,000 | $391,000 | $47,000 | $252,000 |
| VA-guaranteed (Veterans Administration) | 41 | $7,731,000 | $188,000 | $422,000 | $67,000 | $348,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 29 | $3,110,000 | $107,000 | $219,000 | $47,000 | $101,000 |
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 | 524 | $80,212,000 | $153,000 | $1,528,000 | $84,000 | $813,000 |
| Application Denied By Financial Institution | 266 | $34,446,000 | $129,000 | $1,840,000 | $62,000 | $866,000 |
| Application Approved But Not Accepted | 227 | $28,769,000 | $126,000 | $900,000 | $83,000 | $1,163,000 |
| Preapproval Denied by Financial Institution | 177 | $18,716,000 | $105,000 | $277,000 | $38,000 | $348,000 |
| Application Withdrawn By Applicant | 116 | $20,508,000 | $176,000 | $960,000 | $82,000 | $659,000 |
| File Closed For Incompleteness | 29 | $4,119,000 | $142,000 | $340,000 | $55,000 | $300,000 |
| Preapproval Approved but not Accepted | 5 | $649,000 | $129,000 | $157,000 | $96,000 | $269,000 |
| Loan Purchased By The 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 | 201 | $19,468,000 | $96,000 | $288,000 | $42,000 | $348,000 |
| Credit Application Incomplete | 82 | $9,691,000 | $118,000 | $284,000 | $49,000 | $400,000 |
| Debt-To-Income Ratio | 62 | $8,487,000 | $136,000 | $368,000 | $42,000 | $114,000 |
| Collateral | 40 | $7,109,000 | $177,000 | $417,000 | $97,000 | $866,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $3,012,000 | $103,000 | $375,000 | $58,000 | $219,000 |
| Other | 17 | $3,707,000 | $218,000 | $1,840,000 | $115,000 | $610,000 |
| Mortgage Insurance Denied | 7 | $1,240,000 | $177,000 | $554,000 | $59,000 | $146,000 |
| Employment History | 3 | $280,000 | $93,000 | $125,000 | $29,000 | $37,000 |
| Unverifiable Information | 2 | $168,000 | $84,000 | $148,000 | $37,000 | $60,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Atlantic Coast Bank'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 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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