Citizens and Farmers Bank Mortgage Lending & HMDA Data, 2023
In 2023, Citizens and Farmers Bank of West Point, VA reported 924 mortgage applications totaling $182.1 million, down 13% from 2022. The average application was for $197,088, and applicants reported an average income of $141,777. 51% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Richmond, VA (600), Virginia Beach-Norfolk-Newport News, VA-NC (136) and Washington-Arlington-Alexandria, DC-VA-MD-WV (22) (applications in parentheses).
| Mortgage Company & Address | Citizens and Farmers Bank 415 14th Street West Point, VA 23181 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 2003 |
| Total Number of Mortgage Applications | 924 |
| Total Mortgage Loan Application Amount | $182,110,000 |
| Average Mortgage Loan Application Amount | $197,088 |
| Highest Mortgage Loan Application Amount | $12,405,000 |
| Average Applicant Income | $141,777 |
| Highest Applicant Income | $1,309,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens and Farmers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Henrico, Virginia | 136 | $ 19,900,000 | $ 146,323 | $ 130,000 |
| Chesterfield, Virginia | 135 | $ 23,735,000 | $ 175,814 | $ 161,000 |
| Richmond City, Virginia | 71 | $ 25,105,000 | $ 353,591 | $ 135,000 |
| New Kent, Virginia | 69 | $ 6,505,000 | $ 94,275 | $ 104,000 |
| Powhatan, Virginia | 54 | $ 8,290,000 | $ 153,518 | $ 165,000 |
| Hanover, Virginia | 53 | $ 8,345,000 | $ 157,452 | $ 143,000 |
| James City, Virginia | 53 | $ 9,845,000 | $ 185,754 | $ 145,000 |
| Goochland, Virginia | 23 | $ 6,055,000 | $ 263,260 | $ 189,000 |
| Middlesex, Virginia | 20 | $ 2,890,000 | $ 144,500 | $ 112,000 |
| King William, Virginia | 19 | $ 2,125,000 | $ 111,842 | $ 116,000 |
| Virginia Beach, Virginia | 18 | $ 6,190,000 | $ 343,888 | $ 177,000 |
| Cumberland, Virginia | 17 | $ 1,705,000 | $ 100,294 | $ 90,000 |
| King George, Virginia | 16 | $ 2,600,000 | $ 162,500 | $ 204,000 |
| York, Virginia | 16 | $ 2,250,000 | $ 140,625 | $ 103,000 |
| Richmond, Virginia | 14 | $ 880,000 | $ 62,857 | $ 85,000 |
| Charles City, Virginia | 13 | $ 705,000 | $ 54,230 | $ 88,000 |
| Albemarle, Virginia | 11 | $ 15,895,000 | $ 1,445,000 | $ 289,000 |
| Louisa, Virginia | 10 | $ 1,550,000 | $ 155,000 | $ 143,000 |
| Westmoreland, Virginia | 10 | $ 2,400,000 | $ 240,000 | $ 63,000 |
| Newport News, Virginia | 9 | $ 545,000 | $ 60,555 | $ 57,000 |
| Northumberland, Virginia | 9 | $ 1,875,000 | $ 208,333 | $ 120,000 |
| Hampton, Virginia | 8 | $ 390,000 | $ 48,750 | $ 79,000 |
| King and Queen, Virginia | 7 | $ 395,000 | $ 56,428 | $ 95,000 |
| Currituck, North Carolina | 6 | $ 3,710,000 | $ 618,333 | $ 118,000 |
| Prince George, Virginia | 6 | $ 600,000 | $ 100,000 | $ 130,000 |
| Spotsylvania, Virginia | 6 | $ 1,150,000 | $ 191,666 | $ 126,000 |
| Buckingham, Virginia | 5 | $ 275,000 | $ 55,000 | $ 149,000 |
| Petersburg, Virginia | 5 | $ 435,000 | $ 87,000 | $ 59,000 |
| Stafford, Virginia | 5 | $ 755,000 | $ 151,000 | $ 153,000 |
| Suffolk, Virginia | 5 | $ 1,655,000 | $ 331,000 | $ 137,000 |
| Amelia, Virginia | 4 | $ 340,000 | $ 85,000 | $ 94,000 |
| Charlottesville, Virginia | 4 | $ 420,000 | $ 105,000 | $ 56,000 |
| Chesapeake, Virginia | 4 | $ 1,200,000 | $ 300,000 | $ 139,000 |
| Loudoun, Virginia | 4 | $ 1,310,000 | $ 327,500 | $ 459,000 |
| Northampton, Virginia | 4 | $ 360,000 | $ 90,000 | $ 248,000 |
| Prince William, Virginia | 4 | $ 650,000 | $ 162,500 | $ 248,000 |
| Williamsburg, Virginia | 4 | $ 1,170,000 | $ 292,500 | $ 89,000 |
| Augusta, Virginia | 3 | $ 665,000 | $ 221,666 | $ 122,000 |
| Caroline, Virginia | 3 | $ 205,000 | $ 68,333 | $ 93,000 |
| Colonial Heights, Virginia | 3 | $ 605,000 | $ 201,666 | $ 106,000 |
| Gloucester, Virginia | 3 | $ 445,000 | $ 148,333 | $ 96,000 |
| Lancaster, Virginia | 3 | $ 1,195,000 | $ 398,333 | $ 230,000 |
| Mathews, Virginia | 3 | $ 1,845,000 | $ 615,000 | $ 287,000 |
| Prince Edward, Virginia | 3 | $ 165,000 | $ 55,000 | $ 184,000 |
| Shenandoah, Virginia | 3 | $ 325,000 | $ 108,333 | $ 74,000 |
| Dare, North Carolina | 2 | $ 910,000 | $ 455,000 | $ 191,000 |
| Bedford, Virginia | 2 | $ 1,330,000 | $ 665,000 | $ 303,000 |
| Dinwiddie, Virginia | 2 | $ 410,000 | $ 205,000 | $ 119,000 |
| Fluvanna, Virginia | 2 | $ 130,000 | $ 65,000 | $ 103,000 |
| Harrisonburg, Virginia | 2 | $ 650,000 | $ 325,000 | $ 0 |
| Nelson, Virginia | 2 | $ 480,000 | $ 240,000 | $ 403,000 |
| Norfolk, Virginia | 2 | $ 520,000 | $ 260,000 | $ 178,000 |
| Portsmouth, Virginia | 2 | $ 170,000 | $ 85,000 | $ 27,000 |
| Staunton, Virginia | 2 | $ 520,000 | $ 260,000 | $ 32,000 |
| DeKalb, Georgia | 1 | $ 105,000 | $ 105,000 | $ 17,000 |
| Fulton, Georgia | 1 | $ 35,000 | $ 35,000 | $ 54,000 |
| Camden, North Carolina | 1 | $ 255,000 | $ 255,000 | $ 62,000 |
| Craven, North Carolina | 1 | $ 335,000 | $ 335,000 | $ 196,000 |
| Appomattox, Virginia | 1 | $ 405,000 | $ 405,000 | $ 318,000 |
| Arlington, Virginia | 1 | $ 155,000 | $ 155,000 | $ 366,000 |
| Essex, Virginia | 1 | $ 145,000 | $ 145,000 | $ 30,000 |
| Fairfax, Virginia | 1 | $ 355,000 | $ 355,000 | $ 170,000 |
| Greene, Virginia | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Isle of Wight, Virginia | 1 | $ 75,000 | $ 75,000 | $ 99,000 |
| Lunenburg, Virginia | 1 | $ 725,000 | $ 725,000 | $ 0 |
| Montgomery, Virginia | 1 | $ 245,000 | $ 245,000 | $ 540,000 |
| Orange, Virginia | 1 | $ 185,000 | $ 185,000 | $ 117,000 |
| Page, Virginia | 1 | $ 35,000 | $ 35,000 | $ 78,000 |
| Rappahannock, Virginia | 1 | $ 785,000 | $ 785,000 | $ 375,000 |
| Rockingham, Virginia | 1 | $ 365,000 | $ 365,000 | $ 134,000 |
| Southampton, Virginia | 1 | $ 1,005,000 | $ 1,005,000 | $ 0 |
| Surry, Virginia | 1 | $ 35,000 | $ 35,000 | $ 188,000 |
Mortgage Loan Application Detail Totals for Citizens and Farmers Bank in 2023
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 | 265 | $23,225,000 | $87,000 | $505,000 | $124,000 | $926,000 |
| Home Purchase | 231 | $105,205,000 | $455,000 | $12,405,000 | $174,000 | $640,000 |
| Other Purpose | 230 | $18,730,000 | $81,000 | $405,000 | $127,000 | $597,000 |
| Refinancing | 194 | $34,400,000 | $177,000 | $1,295,000 | $147,000 | $1,309,000 |
| Not Applicable | 4 | $550,000 | $137,000 | $315,000 | $55,000 | $75,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 611 | $103,495,000 | $169,000 | $1,255,000 | $142,000 | $1,020,000 |
| Not Provided | 130 | $18,200,000 | $140,000 | $1,105,000 | $169,000 | $1,309,000 |
| Black or African American | 83 | $10,725,000 | $129,000 | $865,000 | $92,000 | $345,000 |
| Not applicable | 49 | $40,015,000 | $816,000 | $12,405,000 | $0 | $0 |
| Asian | 16 | $4,420,000 | $276,000 | $805,000 | $194,000 | $528,000 |
| Hispanic | 15 | $2,005,000 | $133,000 | $405,000 | $89,000 | $202,000 |
| American Indian or Alaskan Native | 5 | $215,000 | $43,000 | $105,000 | $77,000 | $139,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $305,000 | $305,000 | $305,000 | $72,000 | $72,000 |
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) | 924 | $182,110,000 | $197,000 | $12,405,000 | $141,000 | $1,309,000 |
| 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 | 472 | $78,600,000 | $166,000 | $12,405,000 | $142,000 | $1,020,000 |
| Application Denied By Financial Institution | 248 | $28,750,000 | $115,000 | $805,000 | $101,000 | $1,309,000 |
| Loan Purchased By The Institution | 136 | $58,260,000 | $428,000 | $1,255,000 | $192,000 | $658,000 |
| Application Withdrawn By Applicant | 44 | $10,250,000 | $232,000 | $1,945,000 | $174,000 | $852,000 |
| Application Approved But Not Accepted | 17 | $4,405,000 | $259,000 | $1,235,000 | $175,000 | $520,000 |
| Preapproval Denied by Financial Institution | 5 | $1,595,000 | $319,000 | $445,000 | $88,000 | $117,000 |
| Preapproval Approved but not Accepted | 2 | $250,000 | $125,000 | $155,000 | $129,000 | $136,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 671 | $151,765,000 | $226,000 | $12,405,000 | $156,000 | $1,020,000 |
| Debt-To-Income Ratio | 137 | $18,495,000 | $135,000 | $535,000 | $71,000 | $243,000 |
| Credit History | 55 | $4,755,000 | $86,000 | $285,000 | $122,000 | $540,000 |
| Credit Application Incomplete | 24 | $2,320,000 | $96,000 | $505,000 | $126,000 | $317,000 |
| Collateral | 22 | $2,560,000 | $116,000 | $805,000 | $132,000 | $528,000 |
| Other | 12 | $2,040,000 | $170,000 | $505,000 | $248,000 | $1,309,000 |
| Employment History | 2 | $110,000 | $55,000 | $105,000 | $91,000 | $98,000 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $26,000 | $26,000 |
| 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 and Farmers Bank's 2023 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 and Farmers 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.
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