Century Bank FSB Mortgage Lending & HMDA Data, 2005
In 2005, Century Bank FSB of Sarasota, FL reported 1,822 mortgage applications totaling $433.5 million, up 12% from 2004. The average application was for $237,901, and applicants reported an average income of $108,856. 52% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Sarasota-Bradenton-Venice, FL (592), Tampa-St. Petersburg-Clearwater, FL (292) and Cape Coral-Fort Myers, FL (179) (applications in parentheses).
| Mortgage Company & Address | Century Bank FSB 1680 Fruitville Road Sarasota, FL 34236 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,822 |
| Total Mortgage Loan Application Amount | $433,457,000 |
| Average Mortgage Loan Application Amount | $237,901 |
| Highest Mortgage Loan Application Amount | $3,575,000 |
| Average Applicant Income | $108,856 |
| Highest Applicant Income | $2,447,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Century Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Sarasota-Bradenton-Venice, FL | 592 | $ 153,353,000 | $ 259,042 | $ 139,000 |
| Tampa-St. Petersburg-Clearwater, FL | 292 | $ 54,482,000 | $ 186,582 | $ 108,000 |
| Cape Coral-Fort Myers, FL | 179 | $ 44,405,000 | $ 248,072 | $ 110,000 |
| Port St. Lucie-Fort Pierce, FL | 123 | $ 27,771,000 | $ 225,780 | $ 85,000 |
| Orlando, FL | 90 | $ 21,172,000 | $ 235,244 | $ 131,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 86 | $ 15,863,000 | $ 184,453 | $ 93,000 |
| Punta Gorda, FL | 71 | $ 13,332,000 | $ 187,774 | $ 107,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 58 | $ 15,496,000 | $ 267,172 | $ 86,000 |
| Naples-Marco Island, FL | 46 | $ 26,862,000 | $ 583,956 | $ 218,000 |
| Miami-Miami Beach-Kendall, FL | 44 | $ 12,807,000 | $ 291,068 | $ 181,000 |
| Lakeland, FL | 30 | $ 3,998,000 | $ 133,266 | $ 84,000 |
| Ocala, FL | 27 | $ 3,930,000 | $ 145,555 | $ 93,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 15 | $ 2,203,000 | $ 146,866 | $ 76,000 |
| Palm Bay-Melbourne-Titusville, FL | 13 | $ 3,256,000 | $ 250,461 | $ 73,000 |
| Chicago-Naperville-Joliet, IL | 11 | $ 3,139,000 | $ 285,363 | $ 0 |
| Jacksonville, FL | 9 | $ 2,116,000 | $ 235,111 | $ 137,000 |
| Cleveland-Elyria-Mentor, OH | 6 | $ 729,000 | $ 121,500 | $ 0 |
| Flint, MI | 6 | $ 626,000 | $ 104,333 | $ 0 |
| Gainesville, FL | 5 | $ 459,000 | $ 91,800 | $ 61,000 |
| Vero Beach, FL | 5 | $ 772,000 | $ 154,400 | $ 60,000 |
| Akron, OH | 4 | $ 647,000 | $ 161,750 | $ 0 |
| Jackson, MI | 4 | $ 470,000 | $ 117,500 | $ 0 |
| Columbus, OH | 3 | $ 325,000 | $ 108,333 | $ 0 |
| Tallahassee, FL | 3 | $ 790,000 | $ 263,333 | $ 33,000 |
| Youngstown-Warren-Boardman, OH-PA | 3 | $ 614,000 | $ 204,666 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 145,000 | $ 72,500 | $ 0 |
| Dayton, OH | 2 | $ 177,000 | $ 88,500 | $ 0 |
| Nassau-Suffolk, NY | 2 | $ 1,200,000 | $ 600,000 | $ 95,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 247,000 | $ 123,500 | $ 33,000 |
| Warren-Farmington Hills-Troy, MI | 2 | $ 439,000 | $ 219,500 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Atlantic City, NJ | 1 | $ 999,000 | $ 999,000 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 142,000 | $ 142,000 | $ 0 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 437,000 | $ 437,000 | $ 120,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 329,000 | $ 329,000 | $ 0 |
| Las Vegas-Paradise, NV | 1 | $ 218,000 | $ 218,000 | $ 0 |
| Ocean City, NJ | 1 | $ 632,000 | $ 632,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 251,000 | $ 251,000 | $ 0 |
| Richmond, VA | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Toledo, OH | 1 | $ 96,000 | $ 96,000 | $ 0 |
Mortgage Loan Application Detail Totals for Century Bank FSB 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 | 1,280 | $302,587,000 | $297,384 | $3,575,000 | $24,153 | $2,447,000 |
| Refinancing | 541 | $129,910,000 | $240,000 | $3,200,000 | $89,000 | $1,575,000 |
| Home Improvement | 1 | $960,000 | $960,000 | $960,000 | $190,000 | $190,000 |
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 | 1,242 | $305,301,000 | $332,250 | $3,575,000 | $97,000 | $2,160,000 |
| Hispanic | 258 | $53,286,000 | $195,500 | $1,656,000 | $94,500 | $2,447,000 |
| Not Provided | 151 | $37,013,000 | $283,636 | $3,301,000 | $13,818 | $943,000 |
| Black or African American | 124 | $26,820,000 | $222,000 | $1,600,000 | $76,500 | $480,000 |
| Asian | 41 | $9,817,000 | $277,000 | $618,000 | $93,500 | $361,000 |
| American Indian or Alaskan Native | 4 | $810,000 | $202,000 | $334,000 | $122,000 | $194,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $410,000 | $205,000 | $265,000 | $129,000 | $147,000 |
| Not applicable | 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) | 1,822 | $433,457,000 | $297,538 | $3,575,000 | $23,384 | $2,447,000 |
| 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 | 956 | $210,841,000 | $326,666 | $3,575,000 | $63,000 | $1,575,000 |
| Application Denied By Financial Institution | 523 | $134,985,000 | $243,000 | $3,500,000 | $98,000 | $2,160,000 |
| Application Approved But Not Accepted | 253 | $65,925,000 | $305,000 | $3,575,000 | $150,500 | $2,447,000 |
| Loan Purchased By The Institution | 57 | $11,788,000 | $293,800 | $999,000 | $0 | $0 |
| Application Withdrawn By Applicant | 33 | $9,918,000 | $404,333 | $1,400,000 | $103,000 | $660,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 142 | $40,577,000 | $298,000 | $3,301,000 | $90,000 | $943,000 |
| Credit History | 121 | $27,430,000 | $197,000 | $1,920,000 | $73,000 | $485,000 |
| Other | 83 | $16,600,000 | $220,000 | $1,600,000 | $90,500 | $570,000 |
| Collateral | 80 | $20,011,000 | $237,500 | $3,500,000 | $103,500 | $2,160,000 |
| Employment History | 48 | $18,646,000 | $313,000 | $3,200,000 | $117,500 | $840,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 21 | $5,156,000 | $338,000 | $562,000 | $157,500 | $222,000 |
| Unverifiable Information | 20 | $4,531,000 | $209,000 | $750,000 | $125,000 | $438,000 |
| Credit Application Incomplete | 8 | $2,034,000 | $214,000 | $537,000 | $102,000 | $682,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Century Bank FSB'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 Century Bank FSB'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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with aggregated HMDA statistics today.
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