Charlotte State Bank & Trust Mortgage Lending & HMDA Data, 2011
In 2011, Charlotte State Bank & Trust of Port Charlote, FL reported 90 mortgage applications totaling $10.0 million, up 173% from 2010. The average application was for $110,844, and applicants reported an average income of $87,833. 77% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Punta Gorda, FL (74), North Port-Bradenton-Sarasota, FL (12) and Cape Coral-Fort Myers, FL (2) (applications in parentheses).
| 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 | 90 |
| Total Mortgage Loan Application Amount | $9,976,000 |
| Average Mortgage Loan Application Amount | $110,844 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $87,833 |
| Highest Applicant Income | $420,000 |
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records Charlotte State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 68 | $7,542,000 | $110,000 | $415,000 | $95,000 | $420,000 |
| Refinancing | 17 | $2,397,000 | $141,000 | $417,000 | $75,000 | $205,000 |
| Home Improvement | 5 | $37,000 | $7,000 | $15,000 | $34,000 | $62,000 |
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 | 78 | $8,991,000 | $115,000 | $417,000 | $92,000 | $319,000 |
| Hispanic | 5 | $406,000 | $81,000 | $240,000 | $128,000 | $420,000 |
| Black or African American | 4 | $162,000 | $40,000 | $92,000 | $32,000 | $45,000 |
| Not applicable | 2 | $227,000 | $113,000 | $128,000 | $0 | $0 |
| Not Provided | 1 | $190,000 | $190,000 | $190,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 90 | $9,976,000 | $110,000 | $417,000 | $88,000 | $420,000 |
| 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 | 69 | $7,459,000 | $108,000 | $415,000 | $91,000 | $420,000 |
| Application Withdrawn By Applicant | 12 | $2,033,000 | $169,000 | $417,000 | $103,000 | $319,000 |
| Application Denied By Financial Institution | 9 | $484,000 | $53,000 | $204,000 | $48,000 | $154,000 |
| Application Approved But Not Accepted | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $88,000 | $29,000 | $76,000 | $25,000 | $49,000 |
| Debt-To-Income Ratio | 3 | $275,000 | $91,000 | $204,000 | $98,000 | $154,000 |
| Collateral | 2 | $64,000 | $32,000 | $38,000 | $21,000 | $28,000 |
| Other | 1 | $57,000 | $57,000 | $57,000 | $22,000 | $22,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Charlotte State Bank & Trust's 2011 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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