Citizens Bank & Trust Co. Mortgage Lending & HMDA Data, 2005
In 2005, Citizens Bank & Trust Co. of Blackstone, VA reported 376 mortgage applications totaling $24.7 million, up 8% from 2004. The average application was for $65,582, and applicants reported an average income of $44,672. 83% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Richmond, VA (86), Charlottesville, VA (2) and Blacksburg-Christiansburg-Radford, VA (1) (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 | 376 |
| Total Mortgage Loan Application Amount | $24,659,000 |
| Average Mortgage Loan Application Amount | $65,582 |
| Highest Mortgage Loan Application Amount | $950,000 |
| Average Applicant Income | $44,672 |
| Highest Applicant Income | $895,000 |
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records Citizens Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Citizens Bank & Trust Co. in 2005
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 Improvement | 150 | $2,763,000 | $18,000 | $155,000 | $34,000 | $168,000 |
| Home Purchase | 130 | $13,115,000 | $100,750 | $950,000 | $72,000 | $413,000 |
| Refinancing | 96 | $8,781,000 | $121,000 | $635,000 | $188,500 | $895,000 |
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 | 243 | $17,588,000 | $111,666 | $666,000 | $133,333 | $895,000 |
| Black or African American | 93 | $2,826,000 | $30,000 | $170,000 | $28,000 | $230,000 |
| Not applicable | 18 | $2,795,000 | $155,000 | $950,000 | $0 | $0 |
| Not Provided | 18 | $1,261,000 | $83,000 | $253,000 | $40,000 | $96,000 |
| Hispanic | 2 | $84,000 | $42,000 | $51,000 | $11,000 | $15,000 |
| American Indian or Alaskan Native | 1 | $25,000 | $25,000 | $25,000 | $36,000 | $36,000 |
| Asian | 1 | $80,000 | $80,000 | $80,000 | $17,000 | $17,000 |
| 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) | 376 | $24,659,000 | $106,500 | $950,000 | $107,500 | $895,000 |
| 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 | 312 | $20,651,000 | $99,500 | $950,000 | $166,500 | $895,000 |
| Application Denied By Financial Institution | 49 | $2,485,000 | $92,000 | $253,000 | $43,333 | $96,000 |
| Application Withdrawn By Applicant | 13 | $1,463,000 | $112,000 | $666,000 | $59,000 | $157,000 |
| File Closed For Incompleteness | 1 | $1,000 | $1,000 | $1,000 | $27,000 | $27,000 |
| Application Approved But Not Accepted | 1 | $59,000 | $59,000 | $59,000 | $24,000 | $24,000 |
| 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 | 30 | $1,401,000 | $71,000 | $200,000 | $39,500 | $96,000 |
| Debt-To-Income Ratio | 12 | $686,000 | $90,000 | $130,000 | $37,500 | $54,000 |
| Employment History | 3 | $16,000 | $5,000 | $11,000 | $24,000 | $33,000 |
| Collateral | 1 | $25,000 | $25,000 | $25,000 | $14,000 | $14,000 |
| Other | 1 | $90,000 | $90,000 | $90,000 | $54,000 | $54,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2005 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.
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