Carter Bank and Trust Mortgage Lending & HMDA Data, 2019
In 2019, Carter Bank and Trust of Martinsville, VA reported 723 mortgage applications totaling $301.6 million, down 9% from 2018. The average application was for $417,116, and applicants reported an average income of $95,099. 37% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (143), Charlottesville, VA (92) and Raleigh, NC (37) (applications in parentheses).
| Mortgage Company & Address | Carter Bank and Trust Po Box 3748 Martinsville, VA 24112 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 723 |
| Total Mortgage Loan Application Amount | $301,575,000 |
| Average Mortgage Loan Application Amount | $417,116 |
| Highest Mortgage Loan Application Amount | $22,005,000 |
| Average Applicant Income | $95,099 |
| Highest Applicant Income | $551,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Carter Bank and Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfax, Virginia | 56 | $ 35,880,000 | $ 640,714 | $ 137,000 |
| Albemarle, Virginia | 45 | $ 23,095,000 | $ 513,222 | $ 443,000 |
| Charlottesville, Virginia | 36 | $ 9,810,000 | $ 272,500 | $ 130,000 |
| Wake, North Carolina | 34 | $ 12,590,000 | $ 370,294 | $ 133,000 |
| Pittsylvania, Virginia | 31 | $ 2,305,000 | $ 74,354 | $ 67,000 |
| Henry, Virginia | 28 | $ 2,490,000 | $ 88,928 | $ 38,000 |
| Franklin, Virginia | 24 | $ 1,980,000 | $ 82,500 | $ 77,000 |
| Carroll, Virginia | 22 | $ 1,140,000 | $ 51,818 | $ 47,000 |
| Henrico, Virginia | 22 | $ 8,050,000 | $ 365,909 | $ 113,000 |
| Loudoun, Virginia | 19 | $ 10,395,000 | $ 547,105 | $ 0 |
| Stafford, Virginia | 16 | $ 3,770,000 | $ 235,625 | $ 109,000 |
| Danville, Virginia | 15 | $ 5,445,000 | $ 363,000 | $ 62,000 |
| Prince William, Virginia | 15 | $ 7,395,000 | $ 493,000 | $ 0 |
| Guilford, North Carolina | 12 | $ 2,890,000 | $ 240,833 | $ 188,000 |
| Montgomery, Virginia | 12 | $ 3,170,000 | $ 264,166 | $ 152,000 |
| Cumberland, North Carolina | 11 | $ 1,815,000 | $ 165,000 | $ 153,000 |
| Halifax, Virginia | 11 | $ 1,235,000 | $ 112,272 | $ 74,000 |
| Patrick, Virginia | 11 | $ 1,035,000 | $ 94,090 | $ 40,000 |
| Chatham, North Carolina | 9 | $ 1,405,000 | $ 156,111 | $ 34,000 |
| Rockingham, North Carolina | 9 | $ 1,345,000 | $ 149,444 | $ 50,000 |
| Floyd, Virginia | 9 | $ 1,285,000 | $ 142,777 | $ 65,000 |
| Louisa, Virginia | 9 | $ 515,000 | $ 57,222 | $ 0 |
| Montgomery, Maryland | 8 | $ 3,700,000 | $ 462,500 | $ 0 |
| Mecklenburg, North Carolina | 8 | $ 8,270,000 | $ 1,033,750 | $ 384,000 |
| Arlington, Virginia | 8 | $ 4,690,000 | $ 586,250 | $ 0 |
| Bedford, Virginia | 7 | $ 855,000 | $ 122,142 | $ 64,000 |
| Martinsville, Virginia | 7 | $ 375,000 | $ 53,571 | $ 63,000 |
| Orange, Virginia | 7 | $ 1,515,000 | $ 216,428 | $ 161,000 |
| Roanoke City, Virginia | 7 | $ 2,535,000 | $ 362,142 | $ 67,000 |
| Wilkes, North Carolina | 6 | $ 430,000 | $ 71,666 | $ 44,000 |
| Campbell, Virginia | 6 | $ 870,000 | $ 145,000 | $ 96,000 |
| Manassas, Virginia | 6 | $ 2,240,000 | $ 373,333 | $ 0 |
| Roanoke, Virginia | 6 | $ 5,950,000 | $ 991,666 | $ 211,000 |
| Spotsylvania, Virginia | 6 | $ 1,670,000 | $ 278,333 | $ 85,000 |
| Burke, North Carolina | 5 | $ 595,000 | $ 119,000 | $ 46,000 |
| Durham, North Carolina | 5 | $ 1,455,000 | $ 291,000 | $ 0 |
| Iredell, North Carolina | 5 | $ 805,000 | $ 161,000 | $ 81,000 |
| Robeson, North Carolina | 5 | $ 285,000 | $ 57,000 | $ 43,000 |
| Alexandria, Virginia | 5 | $ 2,905,000 | $ 581,000 | $ 0 |
| Grayson, Virginia | 5 | $ 115,000 | $ 23,000 | $ 20,000 |
| Greene, Virginia | 5 | $ 1,285,000 | $ 257,000 | $ 128,000 |
| Pulaski, Virginia | 5 | $ 1,205,000 | $ 241,000 | $ 144,000 |
| Pitt, North Carolina | 4 | $ 1,720,000 | $ 430,000 | $ 133,000 |
| Rutherford, North Carolina | 4 | $ 240,000 | $ 60,000 | $ 43,000 |
| Fluvanna, Virginia | 4 | $ 2,130,000 | $ 532,500 | $ 249,000 |
| Lynchburg, Virginia | 4 | $ 11,740,000 | $ 2,935,000 | $ 100,000 |
| Rockbridge, Virginia | 4 | $ 390,000 | $ 97,500 | $ 51,000 |
| Virginia Beach, Virginia | 4 | $ 2,290,000 | $ 572,500 | $ 257,000 |
| St. Mary's, Maryland | 3 | $ 1,155,000 | $ 385,000 | $ 0 |
| Caswell, North Carolina | 3 | $ 245,000 | $ 81,666 | $ 109,000 |
| Johnston, North Carolina | 3 | $ 1,085,000 | $ 361,666 | $ 102,000 |
| Lee, North Carolina | 3 | $ 12,345,000 | $ 4,115,000 | $ 29,000 |
| Lincoln, North Carolina | 3 | $ 215,000 | $ 71,666 | $ 34,000 |
| Florence, South Carolina | 3 | $ 625,000 | $ 208,333 | $ 0 |
| Augusta, Virginia | 3 | $ 425,000 | $ 141,666 | $ 79,000 |
| Fauquier, Virginia | 3 | $ 1,345,000 | $ 448,333 | $ 0 |
| Galax, Virginia | 3 | $ 345,000 | $ 115,000 | $ 114,000 |
| Giles, Virginia | 3 | $ 525,000 | $ 175,000 | $ 0 |
| Mecklenburg, Virginia | 3 | $ 595,000 | $ 198,333 | $ 71,000 |
| Richmond City, Virginia | 3 | $ 715,000 | $ 238,333 | $ 117,000 |
| Noble, Indiana | 2 | $ 4,800,000 | $ 2,400,000 | $ 0 |
| Calvert, Maryland | 2 | $ 750,000 | $ 375,000 | $ 0 |
| Genesee, Michigan | 2 | $ 2,400,000 | $ 1,200,000 | $ 0 |
| Brunswick, North Carolina | 2 | $ 22,500,000 | $ 11,250,000 | $ 0 |
| Dare, North Carolina | 2 | $ 870,000 | $ 435,000 | $ 62,000 |
| Gaston, North Carolina | 2 | $ 490,000 | $ 245,000 | $ 75,000 |
| Moore, North Carolina | 2 | $ 880,000 | $ 440,000 | $ 247,000 |
| Randolph, North Carolina | 2 | $ 70,000 | $ 35,000 | $ 68,000 |
| Stokes, North Carolina | 2 | $ 60,000 | $ 30,000 | $ 22,000 |
| Surry, North Carolina | 2 | $ 120,000 | $ 60,000 | $ 38,000 |
| Vance, North Carolina | 2 | $ 120,000 | $ 60,000 | $ 13,000 |
| Sullivan, Tennessee | 2 | $ 60,000 | $ 30,000 | $ 14,000 |
| Fredericksburg, Virginia | 2 | $ 220,000 | $ 110,000 | $ 41,000 |
| Goochland, Virginia | 2 | $ 610,000 | $ 305,000 | $ 0 |
| Hanover, Virginia | 2 | $ 580,000 | $ 290,000 | $ 0 |
| Nelson, Virginia | 2 | $ 1,020,000 | $ 510,000 | $ 0 |
| Portsmouth, Virginia | 2 | $ 190,000 | $ 95,000 | $ 257,000 |
| Radford, Virginia | 2 | $ 170,000 | $ 85,000 | $ 75,000 |
| Rockingham, Virginia | 2 | $ 270,000 | $ 135,000 | $ 273,000 |
| Tazewell, Virginia | 2 | $ 140,000 | $ 70,000 | $ 103,000 |
| Duval, Florida | 1 | $ 145,000 | $ 145,000 | $ 0 |
| DeKalb, Indiana | 1 | $ 1,235,000 | $ 1,235,000 | $ 0 |
| Charles, Maryland | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Frederick, Maryland | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Prince George's, Maryland | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Shiawassee, Michigan | 1 | $ 1,305,000 | $ 1,305,000 | $ 0 |
| Bladen, North Carolina | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Caldwell, North Carolina | 1 | $ 525,000 | $ 525,000 | $ 270,000 |
| Carteret, North Carolina | 1 | $ 175,000 | $ 175,000 | $ 159,000 |
| Cleveland, North Carolina | 1 | $ 845,000 | $ 845,000 | $ 0 |
| Craven, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Currituck, North Carolina | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Edgecombe, North Carolina | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Granville, North Carolina | 1 | $ 65,000 | $ 65,000 | $ 46,000 |
| Harnett, North Carolina | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Jackson, North Carolina | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Montgomery, North Carolina | 1 | $ 245,000 | $ 245,000 | $ 252,000 |
| Nash, North Carolina | 1 | $ 245,000 | $ 245,000 | $ 324,000 |
| Orange, North Carolina | 1 | $ 695,000 | $ 695,000 | $ 0 |
| Person, North Carolina | 1 | $ 45,000 | $ 45,000 | $ 56,000 |
| Rowan, North Carolina | 1 | $ 755,000 | $ 755,000 | $ 0 |
| Warren, North Carolina | 1 | $ 25,000 | $ 25,000 | $ 8,000 |
| Wayne, North Carolina | 1 | $ 7,415,000 | $ 7,415,000 | $ 0 |
| Yadkin, North Carolina | 1 | $ 45,000 | $ 45,000 | $ 34,000 |
| Greenville, South Carolina | 1 | $ 245,000 | $ 245,000 | $ 101,000 |
| Spartanburg, South Carolina | 1 | $ 20,545,000 | $ 20,545,000 | $ 0 |
| Appomattox, Virginia | 1 | $ 205,000 | $ 205,000 | $ 61,000 |
| Caroline, Virginia | 1 | $ 65,000 | $ 65,000 | $ 36,000 |
| Chesterfield, Virginia | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Clarke, Virginia | 1 | $ 585,000 | $ 585,000 | $ 0 |
| Fairfax City, Virginia | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Frederick, Virginia | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Harrisonburg, Virginia | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Hopewell, Virginia | 1 | $ 55,000 | $ 55,000 | $ 0 |
| James City, Virginia | 1 | $ 265,000 | $ 265,000 | $ 0 |
| King George, Virginia | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Lexington, Virginia | 1 | $ 345,000 | $ 345,000 | $ 132,000 |
| Northampton, Virginia | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Northumberland, Virginia | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Rappahannock, Virginia | 1 | $ 755,000 | $ 755,000 | $ 0 |
| Russell, Virginia | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Staunton, Virginia | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Waynesboro, Virginia | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Wythe, Virginia | 1 | $ 55,000 | $ 55,000 | $ 28,000 |
| Mercer, West Virginia | 1 | $ 3,315,000 | $ 3,315,000 | $ 0 |
Mortgage Loan Application Detail Totals for Carter Bank and Trust in 2019
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 | 377 | $190,445,000 | $505,000 | $20,545,000 | $103,000 | $440,000 |
| Refinancing | 194 | $88,350,000 | $455,000 | $22,005,000 | $100,000 | $551,000 |
| Other Purpose | 95 | $5,665,000 | $59,000 | $245,000 | $76,000 | $511,000 |
| Home Improvement | 57 | $17,115,000 | $300,000 | $11,205,000 | $58,000 | $389,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 384 | $261,650,000 | $681,000 | $22,005,000 | $0 | $0 |
| White | 280 | $34,090,000 | $121,000 | $1,245,000 | $88,000 | $551,000 |
| Black or African American | 27 | $1,895,000 | $70,000 | $495,000 | $48,000 | $232,000 |
| Not Provided | 12 | $2,400,000 | $200,000 | $525,000 | $123,000 | $270,000 |
| Hispanic | 10 | $370,000 | $37,000 | $55,000 | $38,000 | $91,000 |
| Asian | 10 | $1,170,000 | $117,000 | $225,000 | $192,000 | $303,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other 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) | 717 | $300,465,000 | $419,000 | $22,005,000 | $88,000 | $551,000 |
| FHA-insured (Federal Housing Administration) | 4 | $600,000 | $150,000 | $275,000 | $58,000 | $106,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $175,000 | $175,000 | $175,000 | $31,000 | $31,000 |
| VA-guaranteed (Veterans Administration) | 1 | $335,000 | $335,000 | $335,000 | $77,000 | $77,000 |
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 Purchased By The Institution | 316 | $139,180,000 | $440,000 | $1,935,000 | $0 | $0 |
| Loan Originated | 269 | $128,905,000 | $479,000 | $22,005,000 | $99,000 | $511,000 |
| Application Denied By Financial Institution | 76 | $12,060,000 | $158,000 | $7,415,000 | $53,000 | $273,000 |
| Application Withdrawn By Applicant | 45 | $7,035,000 | $156,000 | $1,065,000 | $97,000 | $551,000 |
| Application Approved But Not Accepted | 16 | $14,120,000 | $882,000 | $11,205,000 | $77,000 | $247,000 |
| File Closed For Incompleteness | 1 | $275,000 | $275,000 | $275,000 | $106,000 | $106,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 723 | $301,575,000 | $417,000 | $22,005,000 | $87,000 | $551,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Carter Bank and Trust's 2019 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 Carter Bank and 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.
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