Carolina Bank & Trust Co. Mortgage Lending & HMDA Data, 2013
In 2013, Carolina Bank & Trust Co. of Darlington, SC reported 149 mortgage applications totaling $26.4 million, down 28% from 2012. The average application was for $177,328, and applicants reported an average income of $99,315. 75% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Florence, SC (106), Columbia, SC (4) and Myrtle Beach-North Myrtle Beach-Conway, SC (4) (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 | 149 |
| Total Mortgage Loan Application Amount | $26,422,000 |
| Average Mortgage Loan Application Amount | $177,328 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $99,315 |
| Highest Applicant Income | $947,000 |
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records Carolina Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 81 | $14,369,000 | $177,000 | $1,136,000 | $114,000 | $947,000 |
| Refinancing | 42 | $11,688,000 | $278,000 | $1,800,000 | $104,000 | $420,000 |
| Home Improvement | 26 | $365,000 | $14,000 | $75,000 | $46,000 | $120,000 |
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 | 121 | $20,335,000 | $168,000 | $1,136,000 | $116,000 | $947,000 |
| Black or African American | 15 | $1,236,000 | $82,000 | $313,000 | $47,000 | $160,000 |
| Not applicable | 12 | $4,849,000 | $404,000 | $1,800,000 | $0 | $0 |
| Hispanic | 1 | $2,000 | $2,000 | $2,000 | $22,000 | $22,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 146 | $26,080,000 | $178,000 | $1,800,000 | $100,000 | $947,000 |
| FHA-insured (Federal Housing Administration) | 2 | $199,000 | $99,000 | $130,000 | $41,000 | $48,000 |
| VA-guaranteed (Veterans Administration) | 1 | $143,000 | $143,000 | $143,000 | $143,000 | $143,000 |
| 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 | 112 | $21,284,000 | $190,000 | $1,800,000 | $108,000 | $947,000 |
| Application Denied By Financial Institution | 22 | $2,460,000 | $111,000 | $313,000 | $48,000 | $143,000 |
| Application Withdrawn By Applicant | 13 | $2,532,000 | $194,000 | $380,000 | $122,000 | $418,000 |
| File Closed For Incompleteness | 2 | $146,000 | $73,000 | $77,000 | $43,000 | $52,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Carolina Bank & Trust Co.'s 2013 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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