Citizens Bank & Trust, Inc. Mortgage Lending & HMDA Data, 2010
In 2010, Citizens Bank & Trust, Inc. of Trenton, GA reported 295 mortgage applications totaling $14.3 million, down 18% from 2009. The average application was for $48,623, and applicants reported an average income of $56,657. 95% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Chattanooga, TN-GA (153) and Dalton, GA (2).
| Mortgage Company & Address | Citizens Bank & Trust, Inc. P.O. Box 249 Trenton, GA 30752 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 295 |
| Total Mortgage Loan Application Amount | $14,344,000 |
| Average Mortgage Loan Application Amount | $48,623 |
| Highest Mortgage Loan Application Amount | $710,000 |
| Average Applicant Income | $56,657 |
| Highest Applicant Income | $471,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank & Trust, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chattanooga, TN-GA | 153 | $ 8,268,000 | $ 54,039 | $ 56,150 |
| Dalton, GA | 2 | $ 221,000 | $ 110,500 | $ 43,000 |
Mortgage Loan Application Detail Totals for Citizens Bank & Trust, Inc. in 2010
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 | 143 | $10,314,000 | $72,000 | $710,000 | $62,000 | $471,000 |
| Home Improvement | 104 | $1,622,000 | $15,000 | $173,000 | $45,000 | $263,000 |
| Home Purchase | 48 | $2,408,000 | $50,000 | $183,000 | $66,000 | $282,000 |
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 | 286 | $13,835,000 | $48,000 | $710,000 | $58,000 | $471,000 |
| Not applicable | 6 | $466,000 | $77,000 | $116,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $15,000 | $15,000 | $15,000 | $10,000 | $10,000 |
| Asian | 1 | $3,000 | $3,000 | $3,000 | $28,000 | $28,000 |
| Hispanic | 1 | $25,000 | $25,000 | $25,000 | $30,000 | $30,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 295 | $14,344,000 | $48,000 | $710,000 | $57,000 | $471,000 |
| 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 | 280 | $13,554,000 | $48,000 | $710,000 | $58,000 | $471,000 |
| Application Denied By Financial Institution | 13 | $410,000 | $31,000 | $100,000 | $27,000 | $72,000 |
| Application Withdrawn By Applicant | 1 | $60,000 | $60,000 | $60,000 | $24,000 | $24,000 |
| Application Approved But Not Accepted | 1 | $320,000 | $320,000 | $320,000 | $83,000 | $83,000 |
| 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 | 12 | $402,000 | $33,000 | $100,000 | $26,000 | $72,000 |
| Debt-To-Income Ratio | 1 | $8,000 | $8,000 | $8,000 | $35,000 | $35,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Bank & Trust, Inc.'s 2010 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, Inc.'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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