Crescent Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Crescent Bank & Trust of Jasper, GA reported 245 mortgage applications totaling $54.9 million, down 42% from 2008. The average application was for $223,914, and applicants reported an average income of $86,800. 77% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (216), Rome, GA (4) and Anderson, SC (1) (applications in parentheses).
| Mortgage Company & Address | Crescent Bank & Trust P.O. Box 2020 Jasper, GA 30143 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 245 |
| Total Mortgage Loan Application Amount | $54,859,000 |
| Average Mortgage Loan Application Amount | $223,914 |
| Highest Mortgage Loan Application Amount | $3,289,000 |
| Average Applicant Income | $86,800 |
| Highest Applicant Income | $2,948,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Crescent Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Pickens, Georgia | 71 | $ 13,320,000 | $ 187,605 | $ 69,000 |
| Cherokee, Georgia | 46 | $ 10,870,000 | $ 236,304 | $ 53,000 |
| Bartow, Georgia | 44 | $ 10,963,000 | $ 249,159 | $ 172,000 |
| Cobb, Georgia | 13 | $ 2,872,000 | $ 220,923 | $ 67,000 |
| Forsyth, Georgia | 10 | $ 1,951,000 | $ 195,100 | $ 83,000 |
| Gordon, Georgia | 10 | $ 761,000 | $ 76,100 | $ 25,000 |
| Fulton, Georgia | 8 | $ 4,857,000 | $ 607,125 | $ 204,000 |
| Dawson, Georgia | 7 | $ 983,000 | $ 140,428 | $ 51,000 |
| Gilmer, Georgia | 7 | $ 1,008,000 | $ 144,000 | $ 52,000 |
| DeKalb, Georgia | 6 | $ 2,021,000 | $ 336,833 | $ 0 |
| Paulding, Georgia | 6 | $ 484,000 | $ 80,666 | $ 13,000 |
| Floyd, Georgia | 4 | $ 528,000 | $ 132,000 | $ 91,000 |
| Gwinnett, Georgia | 4 | $ 2,899,000 | $ 724,750 | $ 131,000 |
| Polk, Georgia | 2 | $ 251,000 | $ 125,500 | $ 0 |
| Baldwin, Alabama | 1 | $ 48,000 | $ 48,000 | $ 501,000 |
| Broward, Florida | 1 | $ 19,000 | $ 19,000 | $ 35,000 |
| Henry, Georgia | 1 | $ 402,000 | $ 402,000 | $ 194,000 |
| Lumpkin, Georgia | 1 | $ 171,000 | $ 171,000 | $ 0 |
| Union, Georgia | 1 | $ 147,000 | $ 147,000 | $ 140,000 |
| Clay, North Carolina | 1 | $ 244,000 | $ 244,000 | $ 192,000 |
| Anderson, South Carolina | 1 | $ 60,000 | $ 60,000 | $ 23,000 |
Mortgage Loan Application Detail Totals for Crescent Bank & Trust in 2009
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 | 135 | $26,250,000 | $194,000 | $3,289,000 | $62,000 | $501,000 |
| Home Purchase | 102 | $27,889,000 | $273,000 | $1,600,000 | $124,000 | $2,948,000 |
| Home Improvement | 8 | $720,000 | $90,000 | $291,000 | $31,000 | $140,000 |
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 | 156 | $27,084,000 | $173,000 | $1,253,000 | $132,000 | $2,948,000 |
| Not applicable | 82 | $25,943,000 | $316,000 | $3,289,000 | $0 | $0 |
| Black or African American | 4 | $1,336,000 | $334,000 | $914,000 | $115,000 | $334,000 |
| Hispanic | 1 | $270,000 | $270,000 | $270,000 | $41,000 | $41,000 |
| Asian | 1 | $15,000 | $15,000 | $15,000 | $52,000 | $52,000 |
| Not Provided | 1 | $211,000 | $211,000 | $211,000 | $48,000 | $48,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 243 | $54,580,000 | $224,000 | $3,289,000 | $87,000 | $2,948,000 |
| FHA-insured (Federal Housing Administration) | 2 | $279,000 | $139,000 | $145,000 | $56,000 | $64,000 |
| 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 | 188 | $43,930,000 | $233,000 | $3,289,000 | $86,000 | $2,948,000 |
| Application Approved But Not Accepted | 20 | $4,763,000 | $238,000 | $460,000 | $116,000 | $256,000 |
| Application Denied By Financial Institution | 19 | $2,470,000 | $130,000 | $335,000 | $54,000 | $137,000 |
| Application Withdrawn By Applicant | 13 | $2,735,000 | $210,000 | $417,000 | $100,000 | $212,000 |
| File Closed For Incompleteness | 5 | $961,000 | $192,000 | $355,000 | $90,000 | $186,000 |
| 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 | 10 | $1,478,000 | $147,000 | $335,000 | $53,000 | $137,000 |
| Debt-To-Income Ratio | 4 | $396,000 | $99,000 | $152,000 | $58,000 | $109,000 |
| Collateral | 4 | $564,000 | $141,000 | $200,000 | $53,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $32,000 | $32,000 | $32,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Crescent Bank & Trust's 2009 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 Crescent 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.
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