Citizens Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Citizens Bank & Trust of Guntersville, AL reported 212 mortgage applications totaling $17.1 million, up 35% from 2006. The average application was for $80,646, and applicants reported an average income of $83,518. 97% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Huntsville, AL (86), Birmingham-Hoover, AL (9) and Gadsden, AL (6) (applications in parentheses).
| Mortgage Company & Address | Citizens Bank & Trust 711 Gunter Avenue Guntersville, AL 35976 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 |
| Total Number of Mortgage Applications | 212 |
| Total Mortgage Loan Application Amount | $17,097,000 |
| Average Mortgage Loan Application Amount | $80,646 |
| Highest Mortgage Loan Application Amount | $825,000 |
| Average Applicant Income | $83,518 |
| Highest Applicant Income | $1,465,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Huntsville, AL | 86 | $ 6,327,000 | $ 73,569 | $ 53,000 |
| Birmingham-Hoover, AL | 9 | $ 1,518,000 | $ 168,666 | $ 176,000 |
| Gadsden, AL | 6 | $ 365,000 | $ 60,833 | $ 67,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 174,000 | $ 174,000 | $ 110,000 |
| Decatur, AL | 1 | $ 43,000 | $ 43,000 | $ 0 |
| Tuscaloosa, AL | 1 | $ 34,000 | $ 34,000 | $ 707,000 |
Mortgage Loan Application Detail Totals for Citizens Bank & Trust 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 | 93 | $8,871,000 | $95,000 | $659,000 | $88,000 | $1,070,000 |
| Home Purchase | 87 | $7,549,000 | $86,000 | $825,000 | $94,000 | $1,465,000 |
| Home Improvement | 32 | $677,000 | $21,000 | $250,000 | $42,000 | $130,000 |
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 | 170 | $12,832,000 | $75,000 | $825,000 | $100,000 | $1,465,000 |
| Not applicable | 34 | $3,448,000 | $101,000 | $465,000 | $0 | $0 |
| Black or African American | 7 | $809,000 | $115,000 | $266,000 | $111,000 | $145,000 |
| Hispanic | 1 | $8,000 | $8,000 | $8,000 | $30,000 | $30,000 |
| 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 |
| Not Provided | 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) | 212 | $17,097,000 | $80,000 | $825,000 | $84,000 | $1,465,000 |
| 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 | 205 | $16,829,000 | $82,000 | $825,000 | $85,000 | $1,465,000 |
| Application Denied By Financial Institution | 7 | $268,000 | $38,000 | $80,000 | $39,000 | $77,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 6 | $188,000 | $31,000 | $71,000 | $37,000 | $77,000 |
| Other | 1 | $80,000 | $80,000 | $80,000 | $56,000 | $56,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Citizens Bank & Trust'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'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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