Charlotte State Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Charlotte State Bank & Trust of Port Charlote, FL reported 76 mortgage applications totaling $11.1 million. The average application was for $145,552, and applicants reported an average income of $51,052. 78% of its applications resulted in an originated loan and 13% were denied. Its largest market was Punta Gorda, FL (66).
| Mortgage Company & Address | Charlotte State Bank & Trust 1100 Tamiami Trail Port Charlote, FL 33953 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 | 76 |
| Total Mortgage Loan Application Amount | $11,062,000 |
| Average Mortgage Loan Application Amount | $145,552 |
| Highest Mortgage Loan Application Amount | $548,000 |
| Average Applicant Income | $51,052 |
| Highest Applicant Income | $633,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Charlotte State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Charlotte State 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) | 55 | $7,960,000 | $125,500 | $548,000 | $47,000 | $633,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 21 | $3,102,000 | $147,000 | $500,000 | $65,000 | $533,000 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 68 | $10,019,000 | $126,000 | $548,000 | $47,500 | $633,000 |
| Not applicable | 2 | $348,000 | $174,000 | $240,000 | $0 | $0 |
| Asian or Pacific Islander | 2 | $280,000 | $140,000 | $200,000 | $85,000 | $127,000 |
| Hispanic | 2 | $186,000 | $93,000 | $98,000 | $72,000 | $80,000 |
| Black | 1 | $131,000 | $131,000 | $131,000 | $31,000 | $31,000 |
| Other | 1 | $98,000 | $98,000 | $98,000 | $110,000 | $110,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 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) | 76 | $11,062,000 | $124,500 | $548,000 | $51,500 | $633,000 |
| 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 | 59 | $9,236,000 | $134,500 | $548,000 | $57,000 | $633,000 |
| Application Denied By Financial Institution | 10 | $1,090,000 | $69,000 | $324,000 | $40,500 | $110,000 |
| Application Withdrawn By Applicant | 6 | $638,000 | $106,000 | $192,000 | $52,000 | $111,000 |
| Application Approved But Not Accepted | 1 | $98,000 | $98,000 | $98,000 | $80,000 | $80,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 2 | $178,000 | $89,000 | $98,000 | $68,000 | $110,000 |
| Other | 1 | $80,000 | $80,000 | $80,000 | $22,000 | $22,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Charlotte State 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 Charlotte State 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.
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