Bank Atlantic Mortgage Lending & HMDA Data, 2012
In 2012, Bank Atlantic of Wilson, NC reported 399 mortgage applications totaling $63.9 million. The average application was for $160,115, and applicants reported an average income of $85,679. 29% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (166), Miami-Miami Beach-Kendall, FL (80) and West Palm Beach-Boca Raton-Boynton Beach, FL (76) (applications in parentheses).
| Mortgage Company & Address | Bank Atlantic 223 W Nash Street Wilson, NC 27893 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 |
| Total Number of Mortgage Applications | 399 |
| Total Mortgage Loan Application Amount | $63,886,000 |
| Average Mortgage Loan Application Amount | $160,115 |
| Highest Mortgage Loan Application Amount | $930,000 |
| Average Applicant Income | $85,679 |
| Highest Applicant Income | $600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank Atlantic filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 166 | $ 25,292,000 | $ 152,361 | $ 77,000 |
| Miami-Miami Beach-Kendall, FL | 80 | $ 12,544,000 | $ 156,800 | $ 96,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 76 | $ 14,505,000 | $ 190,855 | $ 99,000 |
| Port St. Lucie, FL | 49 | $ 7,532,000 | $ 153,714 | $ 76,000 |
| Tampa-St. Petersburg-Clearwater, FL | 15 | $ 2,079,000 | $ 138,600 | $ 99,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 191,000 | $ 63,666 | $ 80,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 209,000 | $ 104,500 | $ 70,000 |
| Gainesville, FL | 1 | $ 115,000 | $ 115,000 | $ 72,000 |
| Jacksonville, FL | 1 | $ 244,000 | $ 244,000 | $ 99,000 |
| Lakeland-Winter Haven, FL | 1 | $ 84,000 | $ 84,000 | $ 21,000 |
| Palm Coast, FL | 1 | $ 121,000 | $ 121,000 | $ 47,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 436,000 | $ 436,000 | $ 100,000 |
| Sebastian-Vero Beach, FL | 1 | $ 183,000 | $ 183,000 | $ 152,000 |
Mortgage Loan Application Detail Totals for Bank Atlantic in 2012
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 | 258 | $46,790,000 | $181,000 | $930,000 | $93,000 | $600,000 |
| Home Purchase | 130 | $16,520,000 | $127,000 | $417,000 | $74,000 | $509,000 |
| Home Improvement | 11 | $576,000 | $52,000 | $190,000 | $52,000 | $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 | 186 | $31,159,000 | $167,000 | $722,000 | $93,000 | $600,000 |
| Not Provided | 83 | $13,287,000 | $160,000 | $930,000 | $84,000 | $305,000 |
| Black or African American | 58 | $6,698,000 | $115,000 | $361,000 | $62,000 | $328,000 |
| Hispanic | 58 | $9,950,000 | $171,000 | $695,000 | $94,000 | $556,000 |
| Asian | 13 | $2,764,000 | $212,000 | $398,000 | $74,000 | $165,000 |
| American Indian or Alaskan Native | 1 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 350 | $56,620,000 | $161,000 | $930,000 | $89,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 49 | $7,266,000 | $148,000 | $361,000 | $66,000 | $216,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 143 | $22,350,000 | $156,000 | $722,000 | $91,000 | $600,000 |
| Application Denied By Financial Institution | 121 | $22,305,000 | $184,000 | $930,000 | $80,000 | $371,000 |
| Loan Originated | 115 | $16,028,000 | $139,000 | $408,000 | $90,000 | $556,000 |
| File Closed For Incompleteness | 11 | $2,002,000 | $182,000 | $494,000 | $58,000 | $130,000 |
| Application Withdrawn By Applicant | 9 | $1,201,000 | $133,000 | $436,000 | $71,000 | $129,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 45 | $7,741,000 | $172,000 | $641,000 | $98,000 | $371,000 |
| Debt-To-Income Ratio | 42 | $8,068,000 | $192,000 | $695,000 | $55,000 | $223,000 |
| Other | 14 | $1,956,000 | $139,000 | $310,000 | $89,000 | $240,000 |
| Credit History | 12 | $2,463,000 | $205,000 | $930,000 | $86,000 | $216,000 |
| Credit Application Incomplete | 5 | $1,091,000 | $218,000 | $368,000 | $68,000 | $129,000 |
| Unverifiable Information | 2 | $419,000 | $209,000 | $350,000 | $97,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $567,000 | $567,000 | $567,000 | $100,000 | $100,000 |
| 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 Bank Atlantic's 2012 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 Bank Atlantic'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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