Crescent Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Crescent Bank & Trust of Jasper, GA reported 363 mortgage applications totaling $46.9 million, up 21% from 2005. The average application was for $129,292, and applicants reported an average income of $77,369. 75% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (302), Rome, GA (6) and Dalton, GA (5) (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 | 363 |
| Total Mortgage Loan Application Amount | $46,933,000 |
| Average Mortgage Loan Application Amount | $129,292 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $77,369 |
| Highest Applicant Income | $1,992,000 |
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(HMDA) records Crescent Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cherokee, Georgia | 95 | $ 10,729,000 | $ 112,936 | $ 78,000 |
| Bartow, Georgia | 94 | $ 10,082,000 | $ 107,255 | $ 63,000 |
| Pickens, Georgia | 71 | $ 5,949,000 | $ 83,788 | $ 62,000 |
| Gordon, Georgia | 19 | $ 4,178,000 | $ 219,894 | $ 39,000 |
| Forsyth, Georgia | 13 | $ 1,597,000 | $ 122,846 | $ 61,000 |
| Cobb, Georgia | 10 | $ 1,074,000 | $ 107,400 | $ 19,000 |
| Polk, Georgia | 7 | $ 663,000 | $ 94,714 | $ 0 |
| Floyd, Georgia | 6 | $ 736,000 | $ 122,666 | $ 23,000 |
| Bay, Florida | 5 | $ 1,589,000 | $ 317,800 | $ 221,000 |
| Gilmer, Georgia | 5 | $ 370,000 | $ 74,000 | $ 32,000 |
| Paulding, Georgia | 5 | $ 348,000 | $ 69,600 | $ 4,000 |
| Whitfield, Georgia | 4 | $ 390,000 | $ 97,500 | $ 0 |
| Clayton, Georgia | 3 | $ 2,301,000 | $ 767,000 | $ 34,000 |
| Dawson, Georgia | 3 | $ 176,000 | $ 58,666 | $ 83,000 |
| Fulton, Georgia | 3 | $ 215,000 | $ 71,666 | $ 552,000 |
| Gulf, Florida | 2 | $ 612,000 | $ 306,000 | $ 0 |
| Chattooga, Georgia | 2 | $ 370,000 | $ 185,000 | $ 167,000 |
| DeKalb, Georgia | 2 | $ 461,000 | $ 230,500 | $ 0 |
| Haralson, Georgia | 2 | $ 106,000 | $ 53,000 | $ 0 |
| Hamilton, Tennessee | 2 | $ 236,000 | $ 118,000 | $ 149,000 |
| Baldwin, Alabama | 1 | $ 260,000 | $ 260,000 | $ 128,000 |
| San Miguel, Colorado | 1 | $ 510,000 | $ 510,000 | $ 0 |
| Walton, Florida | 1 | $ 97,000 | $ 97,000 | $ 293,000 |
| Clarke, Georgia | 1 | $ 104,000 | $ 104,000 | $ 60,000 |
| Hall, Georgia | 1 | $ 3,500,000 | $ 3,500,000 | $ 1,992,000 |
| Murray, Georgia | 1 | $ 52,000 | $ 52,000 | $ 41,000 |
| Union, Georgia | 1 | $ 74,000 | $ 74,000 | $ 169,000 |
| Walton, Georgia | 1 | $ 94,000 | $ 94,000 | $ 1,900,000 |
| Anderson, South Carolina | 1 | $ 35,000 | $ 35,000 | $ 0 |
Mortgage Loan Application Detail Totals for Crescent Bank & Trust in 2006
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 | 239 | $29,016,000 | $121,000 | $3,500,000 | $77,000 | $1,992,000 |
| Home Purchase | 105 | $16,927,000 | $161,000 | $1,650,000 | $79,000 | $1,900,000 |
| Home Improvement | 19 | $990,000 | $52,000 | $214,000 | $73,000 | $372,000 |
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 | 266 | $27,267,000 | $102,000 | $900,000 | $96,000 | $1,900,000 |
| Not applicable | 84 | $15,298,000 | $182,000 | $2,189,000 | $0 | $0 |
| Black or African American | 9 | $614,000 | $68,000 | $175,000 | $65,000 | $168,000 |
| Not Provided | 2 | $132,000 | $66,000 | $75,000 | $63,000 | $83,000 |
| Hispanic | 1 | $122,000 | $122,000 | $122,000 | $24,000 | $24,000 |
| Asian | 1 | $3,500,000 | $3,500,000 | $3,500,000 | $1,992,000 | $1,992,000 |
| 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) | 363 | $46,933,000 | $129,000 | $3,500,000 | $77,000 | $1,992,000 |
| 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 | 273 | $34,850,000 | $127,000 | $3,500,000 | $86,000 | $1,992,000 |
| Application Withdrawn By Applicant | 34 | $5,757,000 | $169,000 | $600,000 | $68,000 | $125,000 |
| Application Denied By Financial Institution | 26 | $2,164,000 | $83,000 | $136,000 | $39,000 | $98,000 |
| File Closed For Incompleteness | 23 | $3,222,000 | $140,000 | $334,000 | $41,000 | $87,000 |
| Application Approved But Not Accepted | 7 | $940,000 | $134,000 | $206,000 | $39,000 | $103,000 |
| 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 | 16 | $1,214,000 | $75,000 | $136,000 | $48,000 | $98,000 |
| Debt-To-Income Ratio | 6 | $553,000 | $92,000 | $131,000 | $25,000 | $57,000 |
| Employment History | 1 | $60,000 | $60,000 | $60,000 | $41,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $133,000 | $133,000 | $133,000 | $0 | $0 |
| Collateral | 1 | $116,000 | $116,000 | $116,000 | $30,000 | $30,000 |
| Unverifiable Information | 1 | $88,000 | $88,000 | $88,000 | $36,000 | $36,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Crescent Bank & Trust's 2006 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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