Citizens Bank & Trust Co. Mortgage Lending & HMDA Data, 2007
In 2007, Citizens Bank & Trust Co. of Blackstone, VA reported 520 mortgage applications totaling $43.9 million, up 19% from 2006. The average application was for $84,373, and applicants reported an average income of $56,100. 65% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Richmond, VA (98), Lynchburg, VA (5) and Charlottesville, VA (3) (applications in parentheses).
| Mortgage Company & Address | Citizens Bank & Trust Co. 126 South Main St. Blackstone, VA 23824 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 520 |
| Total Mortgage Loan Application Amount | $43,874,000 |
| Average Mortgage Loan Application Amount | $84,373 |
| Highest Mortgage Loan Application Amount | $1,020,000 |
| Average Applicant Income | $56,100 |
| Highest Applicant Income | $728,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Richmond, VA | 98 | $ 10,092,000 | $ 102,979 | $ 54,000 |
| Lynchburg, VA | 5 | $ 387,000 | $ 77,400 | $ 46,000 |
| Charlottesville, VA | 3 | $ 326,000 | $ 108,666 | $ 65,000 |
| Rocky Mount, NC | 2 | $ 68,000 | $ 34,000 | $ 44,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Roanoke, VA | 1 | $ 135,000 | $ 135,000 | $ 256,000 |
Mortgage Loan Application Detail Totals for Citizens Bank & Trust Co. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 198 | $21,831,000 | $110,000 | $1,020,000 | $60,000 | $728,000 |
| Home Improvement | 169 | $5,000,000 | $29,000 | $250,000 | $48,000 | $450,000 |
| Refinancing | 153 | $17,043,000 | $111,000 | $560,000 | $60,000 | $248,000 |
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 | 349 | $28,865,000 | $82,000 | $560,000 | $62,000 | $728,000 |
| Black or African American | 127 | $8,802,000 | $69,000 | $410,000 | $47,000 | $193,000 |
| Not Provided | 20 | $1,809,000 | $90,000 | $275,000 | $52,000 | $250,000 |
| Not applicable | 15 | $2,597,000 | $173,000 | $1,020,000 | $8,000 | $131,000 |
| Asian | 4 | $1,166,000 | $291,000 | $808,000 | $52,000 | $71,000 |
| American Indian or Alaskan Native | 3 | $352,000 | $117,000 | $124,000 | $58,000 | $72,000 |
| Hispanic | 2 | $283,000 | $141,000 | $276,000 | $30,000 | $37,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 520 | $43,874,000 | $84,000 | $1,020,000 | $56,000 | $728,000 |
| 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 | 338 | $26,359,000 | $77,000 | $808,000 | $61,000 | $728,000 |
| Application Denied By Financial Institution | 123 | $11,556,000 | $93,000 | $1,020,000 | $44,000 | $250,000 |
| Application Approved But Not Accepted | 36 | $3,665,000 | $101,000 | $300,000 | $53,000 | $138,000 |
| Application Withdrawn By Applicant | 17 | $1,794,000 | $105,000 | $268,000 | $56,000 | $256,000 |
| File Closed For Incompleteness | 6 | $500,000 | $83,000 | $140,000 | $62,000 | $135,000 |
| 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 | 65 | $5,311,000 | $81,000 | $410,000 | $48,000 | $250,000 |
| Debt-To-Income Ratio | 47 | $4,415,000 | $93,000 | $342,000 | $38,000 | $96,000 |
| Employment History | 4 | $202,000 | $50,000 | $90,000 | $37,000 | $59,000 |
| Collateral | 3 | $1,205,000 | $401,000 | $1,020,000 | $19,000 | $34,000 |
| Other | 3 | $363,000 | $121,000 | $250,000 | $82,000 | $123,000 |
| Unverifiable Information | 1 | $60,000 | $60,000 | $60,000 | $42,000 | $42,000 |
| Credit Application Incomplete | 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 Citizens Bank & Trust Co.'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 & Trust Co.'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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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