Carolina Bank & Trust Co. Mortgage Lending & HMDA Data, 2005
In 2005, Carolina Bank & Trust Co. of Darlington, SC reported 188 mortgage applications totaling $18.4 million, up 6% from 2004. The average application was for $97,797, and applicants reported an average income of $63,202. 73% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Florence, SC (98), Myrtle Beach-Conway-North Myrtle Beach, SC (14) and Columbia, SC (3) (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 | 188 |
| Total Mortgage Loan Application Amount | $18,386,000 |
| Average Mortgage Loan Application Amount | $97,797 |
| Highest Mortgage Loan Application Amount | $550,000 |
| Average Applicant Income | $63,202 |
| Highest Applicant Income | $780,000 |
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records Carolina Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 117 | $12,508,000 | $181,333 | $450,000 | $71,000 | $780,000 |
| Refinancing | 47 | $5,149,000 | $202,500 | $550,000 | $63,500 | $432,000 |
| Home Improvement | 24 | $729,000 | $53,500 | $257,000 | $59,000 | $550,000 |
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 | 160 | $16,018,000 | $158,000 | $550,000 | $60,666 | $780,000 |
| Black or African American | 20 | $1,136,000 | $84,000 | $164,000 | $27,000 | $57,000 |
| American Indian or Alaskan Native | 3 | $292,000 | $97,000 | $162,000 | $53,000 | $68,000 |
| Not applicable | 2 | $368,000 | $184,000 | $208,000 | $0 | $0 |
| Not Provided | 1 | $350,000 | $350,000 | $350,000 | $114,000 | $114,000 |
| Hispanic | 1 | $7,000 | $7,000 | $7,000 | $65,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $215,000 | $215,000 | $215,000 | $240,000 | $240,000 |
| Asian | 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) | 185 | $18,125,000 | $168,333 | $550,000 | $64,666 | $780,000 |
| VA-guaranteed (Veterans Administration) | 2 | $198,000 | $99,000 | $111,000 | $39,000 | $45,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $63,000 | $63,000 | $63,000 | $16,000 | $16,000 |
| FHA-insured (Federal Housing 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 137 | $11,845,000 | $84,000 | $450,000 | $58,000 | $780,000 |
| Application Withdrawn By Applicant | 31 | $4,239,000 | $180,000 | $450,000 | $65,333 | $185,000 |
| Application Denied By Financial Institution | 20 | $2,302,000 | $115,000 | $550,000 | $50,000 | $250,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 7 | $808,000 | $115,000 | $300,000 | $76,000 | $205,000 |
| Debt-To-Income Ratio | 6 | $704,000 | $117,000 | $293,000 | $23,000 | $36,000 |
| Other | 3 | $129,000 | $43,000 | $87,000 | $23,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $110,000 | $55,000 | $70,000 | $26,000 | $38,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Carolina Bank & Trust Co.'s 2005 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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