Communitysouth Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Communitysouth Bank & Trust of Easley, SC reported 256 mortgage applications totaling $38.8 million, up 1607% from 2009. The average application was for $151,445, and applicants reported an average income of $67,546. 33% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Greenville-Mauldin-Easley, SC (110), Spartanburg, SC (41) and Anderson, SC (28) (applications in parentheses).
| Mortgage Company & Address | Communitysouth Bank & Trust 6602 Calhoun Memorial Highway Easley, SC 29640 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 256 |
| Total Mortgage Loan Application Amount | $38,770,000 |
| Average Mortgage Loan Application Amount | $151,445 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $67,546 |
| Highest Applicant Income | $694,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Communitysouth Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Greenville-Mauldin-Easley, SC | 110 | $ 17,132,000 | $ 155,745 | $ 69,000 |
| Spartanburg, SC | 41 | $ 6,235,000 | $ 152,073 | $ 61,000 |
| Anderson, SC | 28 | $ 5,126,000 | $ 183,071 | $ 73,000 |
| Columbia, SC | 2 | $ 129,000 | $ 64,500 | $ 56,000 |
| Asheville, NC | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 319,000 | $ 319,000 | $ 482,000 |
Mortgage Loan Application Detail Totals for Communitysouth Bank & Trust 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 | 163 | $26,731,000 | $163,000 | $800,000 | $69,000 | $694,000 |
| Home Purchase | 93 | $12,039,000 | $129,000 | $483,000 | $65,000 | $527,000 |
| Home Improvement | 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 | 203 | $30,935,000 | $152,000 | $800,000 | $74,000 | $694,000 |
| Not Provided | 23 | $3,082,000 | $134,000 | $455,000 | $30,000 | $104,000 |
| Black or African American | 11 | $1,350,000 | $122,000 | $195,000 | $41,000 | $68,000 |
| Asian | 9 | $1,322,000 | $146,000 | $229,000 | $70,000 | $198,000 |
| Hispanic | 8 | $1,166,000 | $145,000 | $328,000 | $65,000 | $120,000 |
| Not applicable | 2 | $915,000 | $457,000 | $483,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 181 | $29,476,000 | $162,000 | $800,000 | $74,000 | $694,000 |
| FHA-insured (Federal Housing Administration) | 55 | $6,235,000 | $113,000 | $319,000 | $53,000 | $482,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 15 | $1,958,000 | $130,000 | $196,000 | $44,000 | $68,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,101,000 | $220,000 | $460,000 | $83,000 | $149,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 90 | $11,241,000 | $124,000 | $800,000 | $47,000 | $482,000 |
| Loan Originated | 85 | $15,125,000 | $177,000 | $483,000 | $89,000 | $694,000 |
| Application Withdrawn By Applicant | 77 | $11,820,000 | $153,000 | $460,000 | $71,000 | $527,000 |
| File Closed For Incompleteness | 3 | $467,000 | $155,000 | $214,000 | $45,000 | $90,000 |
| Application Approved But Not Accepted | 1 | $117,000 | $117,000 | $117,000 | $45,000 | $45,000 |
| 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 | 40 | $3,864,000 | $96,000 | $213,000 | $32,000 | $76,000 |
| Debt-To-Income Ratio | 20 | $3,422,000 | $171,000 | $800,000 | $44,000 | $141,000 |
| Collateral | 13 | $1,767,000 | $135,000 | $296,000 | $58,000 | $131,000 |
| Employment History | 7 | $838,000 | $119,000 | $319,000 | $115,000 | $482,000 |
| Other | 5 | $732,000 | $146,000 | $226,000 | $53,000 | $69,000 |
| Unverifiable Information | 2 | $151,000 | $75,000 | $150,000 | $32,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $300,000 | $150,000 | $200,000 | $59,000 | $85,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Communitysouth Bank & Trust'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 Communitysouth 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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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