Coastal Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Coastal Bank & Trust of Jacksonville, NC reported 45 mortgage applications totaling $9.2 million, up 125% from 2018. The average application was for $203,888, and applicants reported an average income of $174,844. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Jacksonville, NC (27), Wilmington, NC (5) and Greenville, NC (2) (applications in parentheses).
| Mortgage Company & Address | Coastal Bank & Trust 2414 N Marine Blvd Jacksonville, NC 28546 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 45 |
| Total Mortgage Loan Application Amount | $9,175,000 |
| Average Mortgage Loan Application Amount | $203,888 |
| Highest Mortgage Loan Application Amount | $1,685,000 |
| Average Applicant Income | $174,844 |
| Highest Applicant Income | $505,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Coastal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Coastal Bank & Trust in 2019
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 | 37 | $7,775,000 | $210,000 | $1,685,000 | $196,000 | $505,000 |
| Refinancing | 7 | $1,325,000 | $189,000 | $355,000 | $82,000 | $148,000 |
| Cash-out Refinancing | 1 | $75,000 | $75,000 | $75,000 | $42,000 | $42,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 32 | $7,470,000 | $233,000 | $1,685,000 | $0 | $0 |
| White | 9 | $1,315,000 | $146,000 | $275,000 | $124,000 | $246,000 |
| Not Provided | 2 | $160,000 | $80,000 | $85,000 | $142,000 | $166,000 |
| Black or African American | 1 | $75,000 | $75,000 | $75,000 | $148,000 | $148,000 |
| Hispanic | 1 | $155,000 | $155,000 | $155,000 | $505,000 | $505,000 |
| 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 |
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) | 45 | $9,175,000 | $203,000 | $1,685,000 | $158,000 | $505,000 |
| 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 | 42 | $8,860,000 | $210,000 | $1,685,000 | $134,000 | $246,000 |
| Application Withdrawn By Applicant | 2 | $160,000 | $80,000 | $85,000 | $104,000 | $166,000 |
| Application Denied By Financial Institution | 1 | $155,000 | $155,000 | $155,000 | $505,000 | $505,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 45 | $9,175,000 | $203,000 | $1,685,000 | $158,000 | $505,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Coastal Bank & Trust's 2019 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 Coastal 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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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