Crescent Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Crescent Bank & Trust of Jasper, GA reported 292 mortgage applications totaling $37.2 million, down 95% from 2003. The average application was for $127,554, and applicants reported an average income of $58,873. 72% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (235), Rome, GA (10) and Gainesville, GA (3) (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 | 292 |
| Total Mortgage Loan Application Amount | $37,246,000 |
| Average Mortgage Loan Application Amount | $127,554 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $58,873 |
| Highest Applicant Income | $804,000 |
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(HMDA) records Crescent Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bartow, Georgia | 85 | $ 10,282,000 | $ 120,964 | $ 48,000 |
| Cherokee, Georgia | 57 | $ 6,044,000 | $ 106,035 | $ 64,000 |
| Pickens, Georgia | 42 | $ 4,869,000 | $ 115,928 | $ 52,000 |
| Forsyth, Georgia | 17 | $ 2,651,000 | $ 155,941 | $ 46,000 |
| Cobb, Georgia | 15 | $ 2,455,000 | $ 163,666 | $ 141,000 |
| Gordon, Georgia | 11 | $ 1,498,000 | $ 136,181 | $ 60,000 |
| Floyd, Georgia | 10 | $ 1,215,000 | $ 121,500 | $ 51,000 |
| Gilmer, Georgia | 9 | $ 995,000 | $ 110,555 | $ 44,000 |
| Polk, Georgia | 9 | $ 912,000 | $ 101,333 | $ 54,000 |
| Dawson, Georgia | 8 | $ 837,000 | $ 104,625 | $ 49,000 |
| Paulding, Georgia | 5 | $ 450,000 | $ 90,000 | $ 0 |
| Bay, Florida | 3 | $ 653,000 | $ 217,666 | $ 142,000 |
| Douglas, Georgia | 3 | $ 335,000 | $ 111,666 | $ 24,000 |
| Fannin, Georgia | 3 | $ 374,000 | $ 124,666 | $ 24,000 |
| Hall, Georgia | 3 | $ 1,251,000 | $ 417,000 | $ 146,000 |
| Warren, Tennessee | 3 | $ 160,000 | $ 53,333 | $ 0 |
| Chattooga, Georgia | 2 | $ 193,000 | $ 96,500 | $ 60,000 |
| Fulton, Georgia | 2 | $ 308,000 | $ 154,000 | $ 71,000 |
| Okaloosa, Florida | 1 | $ 1,500,000 | $ 1,500,000 | $ 151,000 |
| DeKalb, Georgia | 1 | $ 111,000 | $ 111,000 | $ 125,000 |
| Lumpkin, Georgia | 1 | $ 52,000 | $ 52,000 | $ 48,000 |
| Cherokee, North Carolina | 1 | $ 93,000 | $ 93,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Crescent Bank & Trust in 2004
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 | 141 | $17,620,000 | $174,500 | $1,276,000 | $128,500 | $664,000 |
| Home Purchase | 130 | $18,291,000 | $227,200 | $1,500,000 | $63,600 | $804,000 |
| Home Improvement | 21 | $1,335,000 | $63,000 | $252,000 | $42,000 | $114,000 |
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 | 229 | $29,364,000 | $190,000 | $1,500,000 | $89,750 | $804,000 |
| Not applicable | 53 | $6,864,000 | $93,500 | $894,000 | $0 | $0 |
| Black or African American | 7 | $673,000 | $96,000 | $375,000 | $52,000 | $85,000 |
| Not Provided | 2 | $272,000 | $136,000 | $196,000 | $58,000 | $66,000 |
| American Indian or Alaskan Native | 1 | $73,000 | $73,000 | $73,000 | $47,000 | $47,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 286 | $36,495,000 | $163,000 | $1,500,000 | $69,200 | $804,000 |
| FHA-insured (Federal Housing Administration) | 6 | $751,000 | $125,000 | $190,000 | $42,000 | $47,000 |
| 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 | 211 | $25,814,000 | $199,750 | $1,500,000 | $80,500 | $804,000 |
| Application Withdrawn By Applicant | 43 | $6,954,000 | $161,000 | $665,000 | $73,000 | $211,000 |
| Application Denied By Financial Institution | 27 | $3,011,000 | $61,500 | $221,000 | $34,000 | $99,000 |
| Application Approved But Not Accepted | 6 | $604,000 | $100,000 | $146,000 | $40,000 | $57,000 |
| File Closed For Incompleteness | 5 | $863,000 | $172,000 | $248,000 | $73,000 | $96,000 |
| 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 | 13 | $1,029,000 | $46,500 | $144,000 | $27,000 | $62,000 |
| Debt-To-Income Ratio | 7 | $973,000 | $139,000 | $220,000 | $52,000 | $71,000 |
| Collateral | 4 | $757,000 | $189,000 | $221,000 | $80,000 | $99,000 |
| Unverifiable Information | 1 | $120,000 | $120,000 | $120,000 | $48,000 | $48,000 |
| Employment History | 1 | $10,000 | $10,000 | $10,000 | $31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $122,000 | $122,000 | $122,000 | $39,000 | $39,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Crescent Bank & Trust's 2004 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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