Citizens Bank Mortgage Lending & HMDA Data, 2007
In 2007, Citizens Bank of New Tazewell, TN reported 1,821 mortgage applications totaling $221.8 million, up 28% from 2006. The average application was for $121,779, and applicants reported an average income of $61,210. 23% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Knoxville, TN (358), Nashville-Davidson--Murfreesboro--Franklin, TN (327) and Morristown, TN (177) (applications in parentheses).
| Mortgage Company & Address | Citizens Bank 130 S Broad Street New Tazewell, TN 37825 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,821 |
| Total Mortgage Loan Application Amount | $221,760,000 |
| Average Mortgage Loan Application Amount | $121,779 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $61,210 |
| Highest Applicant Income | $1,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Knoxville, TN | 358 | $ 46,110,000 | $ 128,798 | $ 70,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 327 | $ 49,912,000 | $ 152,636 | $ 64,000 |
| Morristown, TN | 177 | $ 16,175,000 | $ 91,384 | $ 46,000 |
| Chattanooga, TN-GA | 121 | $ 17,340,000 | $ 143,305 | $ 66,851 |
| Johnson City, TN | 61 | $ 5,961,000 | $ 97,721 | $ 62,000 |
| Kingsport-Bristol-Bristol, TN-VA | 49 | $ 3,675,000 | $ 75,000 | $ 55,326 |
| Asheville, NC | 20 | $ 2,627,000 | $ 131,350 | $ 208,000 |
| Memphis, TN-MS-AR | 19 | $ 2,479,000 | $ 130,473 | $ 76,000 |
| Atlanta-Sandy Springs-Marietta, GA | 14 | $ 2,542,000 | $ 181,571 | $ 123,000 |
| Danville, VA | 14 | $ 614,000 | $ 43,857 | $ 122,000 |
| Clarksville, TN-KY | 13 | $ 1,731,000 | $ 133,153 | $ 48,000 |
| Dalton, GA | 9 | $ 1,763,000 | $ 195,888 | $ 47,000 |
| Cleveland, TN | 8 | $ 902,000 | $ 112,750 | $ 52,000 |
| Louisville-Jefferson County, KY-IN | 7 | $ 2,734,000 | $ 390,571 | $ 116,000 |
| Macon, GA | 7 | $ 378,000 | $ 54,000 | $ 37,000 |
| Greensboro-High Point, NC | 6 | $ 384,000 | $ 64,000 | $ 72,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 1,573,000 | $ 314,600 | $ 116,000 |
| Jackson, TN | 4 | $ 403,000 | $ 100,750 | $ 42,000 |
| Sumter, SC | 4 | $ 392,000 | $ 98,000 | $ 102,000 |
| Lexington-Fayette, KY | 3 | $ 425,000 | $ 141,666 | $ 58,000 |
| Owensboro, KY | 3 | $ 260,000 | $ 86,666 | $ 26,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 471,000 | $ 235,500 | $ 183,000 |
| Birmingham-Hoover, AL | 2 | $ 213,000 | $ 106,500 | $ 37,000 |
| Charleston-North Charleston, SC | 2 | $ 307,000 | $ 153,500 | $ 38,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 172,000 | $ 86,000 | $ 39,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 357,000 | $ 178,500 | $ 79,000 |
| St. Louis, MO-IL | 2 | $ 99,000 | $ 49,500 | $ 16,000 |
| Warner Robins, GA | 2 | $ 102,000 | $ 51,000 | $ 27,000 |
| Wilmington, NC | 2 | $ 376,000 | $ 188,000 | $ 18,000 |
| Albany, GA | 1 | $ 83,000 | $ 83,000 | $ 31,000 |
| Anniston-Oxford, AL | 1 | $ 55,000 | $ 55,000 | $ 23,000 |
| Athens-Clarke County, GA | 1 | $ 203,000 | $ 203,000 | $ 96,000 |
| Columbia, SC | 1 | $ 63,000 | $ 63,000 | $ 26,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 90,000 | $ 90,000 | $ 61,000 |
| Gainesville, GA | 1 | $ 650,000 | $ 650,000 | $ 588,000 |
| Goldsboro, NC | 1 | $ 110,000 | $ 110,000 | $ 18,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 115,000 | $ 115,000 | $ 49,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 45,000 | $ 45,000 | $ 42,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 6,000,000 | $ 6,000,000 | $ 0 |
| Raleigh-Cary, NC | 1 | $ 138,000 | $ 138,000 | $ 39,000 |
| Rome, GA | 1 | $ 105,000 | $ 105,000 | $ 31,000 |
| Spartanburg, SC | 1 | $ 68,000 | $ 68,000 | $ 84,000 |
| State College, PA | 1 | $ 92,000 | $ 92,000 | $ 29,000 |
| Tuscaloosa, AL | 1 | $ 129,000 | $ 129,000 | $ 73,000 |
| Winston-Salem, NC | 1 | $ 100,000 | $ 100,000 | $ 0 |
Mortgage Loan Application Detail Totals for Citizens Bank 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 | 1,185 | $160,703,000 | $135,000 | $6,000,000 | $61,000 | $1,200,000 |
| Home Purchase | 523 | $59,907,000 | $114,000 | $985,000 | $68,000 | $766,000 |
| Home Improvement | 113 | $1,150,000 | $10,000 | $124,000 | $32,000 | $131,000 |
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 | 1,344 | $162,864,000 | $121,000 | $6,000,000 | $63,000 | $1,200,000 |
| Not Provided | 246 | $31,047,000 | $126,000 | $985,000 | $55,000 | $588,000 |
| Black or African American | 177 | $21,102,000 | $119,000 | $554,000 | $52,000 | $346,000 |
| Hispanic | 20 | $2,770,000 | $138,000 | $592,000 | $69,000 | $447,000 |
| Asian | 20 | $2,500,000 | $125,000 | $417,000 | $101,000 | $167,000 |
| American Indian or Alaskan Native | 12 | $909,000 | $75,000 | $256,000 | $85,000 | $123,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $158,000 | $158,000 | $158,000 | $49,000 | $49,000 |
| Not applicable | 1 | $410,000 | $410,000 | $410,000 | $92,000 | $92,000 |
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) | 1,821 | $221,760,000 | $121,000 | $6,000,000 | $61,000 | $1,200,000 |
| 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 |
|---|---|---|---|---|---|---|
| File Closed For Incompleteness | 750 | $100,627,000 | $134,000 | $1,300,000 | $62,000 | $780,000 |
| Application Denied By Financial Institution | 565 | $72,371,000 | $128,000 | $6,000,000 | $61,000 | $1,200,000 |
| Loan Originated | 422 | $41,212,000 | $97,000 | $592,000 | $64,000 | $731,000 |
| Application Withdrawn By Applicant | 81 | $7,150,000 | $88,000 | $556,000 | $45,000 | $226,000 |
| Application Approved But Not Accepted | 3 | $400,000 | $133,000 | $158,000 | $59,000 | $74,000 |
| 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 | 327 | $42,990,000 | $131,000 | $6,000,000 | $48,000 | $432,000 |
| Debt-To-Income Ratio | 45 | $4,132,000 | $91,000 | $340,000 | $53,000 | $167,000 |
| Collateral | 45 | $6,705,000 | $149,000 | $1,800,000 | $97,000 | $1,200,000 |
| Other | 26 | $4,552,000 | $175,000 | $1,300,000 | $116,000 | $1,200,000 |
| Employment History | 10 | $891,000 | $89,000 | $173,000 | $46,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $448,000 | $56,000 | $162,000 | $41,000 | $129,000 |
| Unverifiable Information | 2 | $364,000 | $182,000 | $212,000 | $67,000 | $84,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Bank'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 Citizens Bank'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.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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