Century Bank FSB Mortgage Lending & HMDA Data, 2007
In 2007, Century Bank FSB of Sarasota, FL reported 1,795 mortgage applications totaling $703.8 million, up 43% from 2006. The average application was for $392,098, and applicants reported an average income of $206,612. 36% of its applications resulted in an originated loan and 40% were denied. Its largest markets were Sarasota-Bradenton-Venice, FL (272), Tampa-St. Petersburg-Clearwater, FL (237) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (229) (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 | 1,795 |
| Total Mortgage Loan Application Amount | $703,817,000 |
| Average Mortgage Loan Application Amount | $392,098 |
| Highest Mortgage Loan Application Amount | $12,000,000 |
| Average Applicant Income | $206,612 |
| Highest Applicant Income | $8,000,000 |
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Act (HMDA) records Century Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 272 | $ 82,897,000 | $ 304,768 | $ 156,000 |
| Tampa-St. Petersburg-Clearwater, FL | 237 | $ 77,921,000 | $ 328,780 | $ 206,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 229 | $ 82,476,000 | $ 360,157 | $ 173,000 |
| Miami-Miami Beach-Kendall, FL | 175 | $ 119,912,000 | $ 685,211 | $ 309,000 |
| Orlando-Kissimmee, FL | 160 | $ 49,011,000 | $ 306,318 | $ 185,000 |
| Cape Coral-Fort Myers, FL | 150 | $ 56,804,000 | $ 378,693 | $ 202,000 |
| Jacksonville, FL | 109 | $ 35,932,000 | $ 329,651 | $ 164,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 97 | $ 45,401,000 | $ 468,051 | $ 201,000 |
| Punta Gorda, FL | 45 | $ 9,523,000 | $ 211,622 | $ 236,000 |
| Naples-Marco Island, FL | 42 | $ 22,303,000 | $ 531,023 | $ 200,000 |
| Port St. Lucie, FL | 37 | $ 9,159,000 | $ 247,540 | $ 100,000 |
| Lakeland, FL | 32 | $ 7,854,000 | $ 245,437 | $ 154,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 22 | $ 5,131,000 | $ 233,227 | $ 122,000 |
| Palm Bay-Melbourne-Titusville, FL | 21 | $ 3,095,000 | $ 147,380 | $ 368,000 |
| Ocala, FL | 17 | $ 2,666,000 | $ 156,823 | $ 140,000 |
| Panama City-Lynn Haven, FL | 13 | $ 4,498,000 | $ 346,000 | $ 716,000 |
| Palm Coast, FL | 9 | $ 3,485,000 | $ 387,222 | $ 223,000 |
| Sebastian-Vero Beach, FL | 9 | $ 3,298,000 | $ 366,444 | $ 89,000 |
| Tallahassee, FL | 9 | $ 2,015,000 | $ 223,888 | $ 153,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 6 | $ 3,001,000 | $ 500,166 | $ 666,000 |
| Gainesville, FL | 4 | $ 617,000 | $ 154,250 | $ 216,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 647,000 | $ 215,666 | $ 175,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 1,069,000 | $ 534,500 | $ 171,000 |
| Nassau-Suffolk, NY | 2 | $ 10,500,000 | $ 5,250,000 | $ 684,000 |
| Barnstable Town, MA | 1 | $ 123,000 | $ 123,000 | $ 175,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 8,250,000 | $ 8,250,000 | $ 0 |
| Columbus, OH | 1 | $ 12,000,000 | $ 12,000,000 | $ 7,155,000 |
| Dallas-Plano-Irving, TX | 1 | $ 5,233,000 | $ 5,233,000 | $ 1,630,000 |
| Edison, NJ | 1 | $ 120,000 | $ 120,000 | $ 62,000 |
| Knoxville, TN | 1 | $ 166,000 | $ 166,000 | $ 48,000 |
| Lancaster, PA | 1 | $ 172,000 | $ 172,000 | $ 86,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 1,309,000 | $ 1,309,000 | $ 281,000 |
| Raleigh-Cary, NC | 1 | $ 285,000 | $ 285,000 | $ 102,000 |
| Savannah, GA | 1 | $ 284,000 | $ 284,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Century Bank FSB in 2007
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 |
|---|---|---|---|---|---|---|
| Refinancing | 887 | $366,592,000 | $413,000 | $12,000,000 | $199,000 | $7,155,000 |
| Home Purchase | 868 | $326,848,000 | $376,000 | $6,425,000 | $217,000 | $8,000,000 |
| Home Improvement | 40 | $10,377,000 | $259,000 | $3,500,000 | $150,000 | $994,000 |
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 | 1,069 | $450,961,000 | $421,000 | $12,000,000 | $241,000 | $8,000,000 |
| Hispanic | 368 | $126,851,000 | $344,000 | $8,250,000 | $161,000 | $1,432,000 |
| Black or African American | 208 | $57,711,000 | $277,000 | $1,680,000 | $119,000 | $960,000 |
| Not Provided | 90 | $43,597,000 | $484,000 | $6,000,000 | $233,000 | $1,440,000 |
| Asian | 41 | $20,445,000 | $498,000 | $4,970,000 | $185,000 | $1,118,000 |
| Not applicable | 12 | $2,527,000 | $210,000 | $449,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,569,000 | $261,000 | $530,000 | $105,000 | $257,000 |
| American Indian or Alaskan Native | 1 | $156,000 | $156,000 | $156,000 | $88,000 | $88,000 |
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) | 1,795 | $703,817,000 | $392,000 | $12,000,000 | $206,000 | $8,000,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 717 | $316,417,000 | $441,000 | $10,000,000 | $213,000 | $3,899,000 |
| Loan Originated | 651 | $193,610,000 | $297,000 | $12,000,000 | $175,000 | $7,155,000 |
| Application Approved But Not Accepted | 347 | $154,901,000 | $446,000 | $8,250,000 | $212,000 | $3,046,000 |
| Loan Purchased By The Institution | 60 | $22,116,000 | $368,000 | $1,000,000 | $386,000 | $8,000,000 |
| Application Withdrawn By Applicant | 19 | $16,557,000 | $871,000 | $10,000,000 | $346,000 | $3,500,000 |
| File Closed For Incompleteness | 1 | $216,000 | $216,000 | $216,000 | $451,000 | $451,000 |
| 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 | 169 | $78,829,000 | $466,000 | $10,000,000 | $157,000 | $1,988,000 |
| Credit History | 145 | $51,795,000 | $357,000 | $5,233,000 | $183,000 | $1,630,000 |
| Other | 137 | $65,779,000 | $480,000 | $8,250,000 | $217,000 | $3,899,000 |
| Collateral | 103 | $40,812,000 | $396,000 | $3,500,000 | $332,000 | $3,404,000 |
| Employment History | 82 | $35,229,000 | $429,000 | $4,000,000 | $189,000 | $1,500,000 |
| Credit Application Incomplete | 38 | $19,697,000 | $518,000 | $2,925,000 | $230,000 | $1,183,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 22 | $11,725,000 | $532,000 | $4,875,000 | $257,000 | $1,432,000 |
| Unverifiable Information | 20 | $12,477,000 | $623,000 | $2,400,000 | $289,000 | $1,051,000 |
| Mortgage Insurance Denied | 1 | $74,000 | $74,000 | $74,000 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Century Bank FSB's 2007 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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