Carolina Bank & Trust Co. Mortgage Lending & HMDA Data, 2004
In 2004, Carolina Bank & Trust Co. of Darlington, SC reported 177 mortgage applications totaling $11.1 million, down 54% from 2003. The average application was for $62,723, and applicants reported an average income of $63,152. 82% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Florence, SC (80), Myrtle Beach-Conway-North Myrtle Beach, SC (14) and Charlotte-Gastonia-Concord, NC-SC (1) (applications in parentheses).
| Mortgage Company & Address | Carolina Bank & Trust Co. Po Box 1028 Darlington, SC 29540 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 177 |
| Total Mortgage Loan Application Amount | $11,102,000 |
| Average Mortgage Loan Application Amount | $62,723 |
| Highest Mortgage Loan Application Amount | $840,000 |
| Average Applicant Income | $63,152 |
| Highest Applicant Income | $395,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Carolina Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Carolina Bank & Trust Co. in 2004
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 | 88 | $5,705,000 | $64,000 | $840,000 | $55,000 | $395,000 |
| Refinancing | 62 | $5,160,000 | $120,500 | $500,000 | $59,000 | $360,000 |
| Home Improvement | 27 | $237,000 | $8,000 | $37,000 | $52,000 | $180,000 |
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 | 150 | $9,546,000 | $167,500 | $840,000 | $59,000 | $395,000 |
| Black or African American | 26 | $1,056,000 | $44,500 | $363,000 | $32,000 | $219,000 |
| American Indian or Alaskan Native | 1 | $500,000 | $500,000 | $500,000 | $360,000 | $360,000 |
| Asian | 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 176 | $11,035,000 | $111,000 | $840,000 | $50,000 | $395,000 |
| VA-guaranteed (Veterans Administration) | 1 | $67,000 | $67,000 | $67,000 | $78,000 | $78,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 145 | $8,275,000 | $164,000 | $840,000 | $59,000 | $395,000 |
| Application Denied By Financial Institution | 20 | $1,282,000 | $56,500 | $310,000 | $28,500 | $96,000 |
| Application Withdrawn By Applicant | 11 | $1,527,000 | $138,000 | $500,000 | $95,000 | $360,000 |
| Application Approved But Not Accepted | 1 | $18,000 | $18,000 | $18,000 | $43,000 | $43,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 15 | $773,000 | $51,000 | $150,000 | $30,000 | $74,000 |
| Debt-To-Income Ratio | 1 | $310,000 | $310,000 | $310,000 | $96,000 | $96,000 |
| Collateral | 1 | $34,000 | $34,000 | $34,000 | $18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $56,000 | $56,000 | $56,000 | $38,000 | $38,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Carolina Bank & Trust Co.'s 2004 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 Carolina Bank & Trust Co.'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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