Carolina National Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Carolina National Bank & Trust of Columbia, SC reported 53 mortgage applications totaling $6.2 million. The average application was for $116,188, and applicants reported an average income of $264,245. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Columbia, SC (45) and Grand Rapids-Muskegon-Holland, MI (1).
| Mortgage Company & Address | Carolina National Bank & Trust 1350 Main Street Columbia, SC 29201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 53 |
| Total Mortgage Loan Application Amount | $6,158,000 |
| Average Mortgage Loan Application Amount | $116,188 |
| Highest Mortgage Loan Application Amount | $725,000 |
| Average Applicant Income | $264,245 |
| Highest Applicant Income | $1,773,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Carolina National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 National Bank & Trust in 2003
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 (one-to-four family) | 37 | $3,951,000 | $106,000 | $725,000 | $253,000 | $1,773,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 15 | $2,007,000 | $219,500 | $490,000 | $398,000 | $957,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $200,000 | $200,000 | $200,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 32 | $2,973,000 | $202,000 | $394,000 | $324,500 | $533,000 |
| Not applicable | 11 | $2,795,000 | $254,000 | $725,000 | $624,000 | $1,773,000 |
| Other | 6 | $239,000 | $39,000 | $46,000 | $62,000 | $62,000 |
| Black | 3 | $123,000 | $41,000 | $60,000 | $55,000 | $67,000 |
| Information not provided by applicant in mail or telephone application | 1 | $28,000 | $28,000 | $28,000 | $85,000 | $85,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 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) | 53 | $6,158,000 | $215,500 | $725,000 | $376,500 | $1,773,000 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 50 | $5,620,000 | $112,000 | $725,000 | $282,000 | $1,773,000 |
| Application Denied By Financial Institution | 3 | $538,000 | $214,000 | $319,000 | $282,500 | $500,000 |
| Application Withdrawn By Applicant | 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 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $219,000 | $109,000 | $159,000 | $65,000 | $67,000 |
| Credit History | 1 | $319,000 | $319,000 | $319,000 | $500,000 | $500,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 National Bank & Trust's 2003 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 National Bank & Trust'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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