Crescent Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Crescent Bank & Trust of Jasper, GA reported 355 mortgage applications totaling $63.3 million, down 2% from 2006. The average application was for $178,216, and applicants reported an average income of $75,709. 85% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (295), Rome, GA (9) and Dalton, GA (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 | 355 |
| Total Mortgage Loan Application Amount | $63,267,000 |
| Average Mortgage Loan Application Amount | $178,216 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $75,709 |
| Highest Applicant Income | $975,000 |
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(HMDA) records Crescent Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 88 | $ 10,177,000 | $ 115,647 | $ 69,000 |
| Bartow, Georgia | 79 | $ 11,575,000 | $ 146,518 | $ 77,000 |
| Cherokee, Georgia | 73 | $ 12,962,000 | $ 177,561 | $ 83,000 |
| Forsyth, Georgia | 17 | $ 2,422,000 | $ 142,470 | $ 42,000 |
| Gilmer, Georgia | 12 | $ 959,000 | $ 79,916 | $ 40,000 |
| Cobb, Georgia | 10 | $ 975,000 | $ 97,500 | $ 22,000 |
| Floyd, Georgia | 9 | $ 788,000 | $ 87,555 | $ 18,000 |
| Gordon, Georgia | 8 | $ 578,000 | $ 72,250 | $ 75,000 |
| Polk, Georgia | 8 | $ 640,000 | $ 80,000 | $ 7,000 |
| Paulding, Georgia | 7 | $ 599,000 | $ 85,571 | $ 21,000 |
| Fulton, Georgia | 6 | $ 957,000 | $ 159,500 | $ 137,000 |
| Dawson, Georgia | 4 | $ 395,000 | $ 98,750 | $ 61,000 |
| Walton, Florida | 3 | $ 1,380,000 | $ 460,000 | $ 212,000 |
| DeKalb, Georgia | 3 | $ 882,000 | $ 294,000 | $ 185,000 |
| Franklin, Florida | 2 | $ 1,900,000 | $ 950,000 | $ 975,000 |
| Gulf, Florida | 2 | $ 602,000 | $ 301,000 | $ 0 |
| Chattooga, Georgia | 2 | $ 227,000 | $ 113,500 | $ 216,000 |
| Fannin, Georgia | 2 | $ 132,000 | $ 66,000 | $ 86,000 |
| Lumpkin, Georgia | 2 | $ 189,000 | $ 94,500 | $ 18,000 |
| Baldwin, Alabama | 1 | $ 166,000 | $ 166,000 | $ 122,000 |
| Bay, Florida | 1 | $ 124,000 | $ 124,000 | $ 503,000 |
| Okaloosa, Florida | 1 | $ 324,000 | $ 324,000 | $ 0 |
| Santa Rosa, Florida | 1 | $ 160,000 | $ 160,000 | $ 0 |
| St. Lucie, Florida | 1 | $ 260,000 | $ 260,000 | $ 65,000 |
| Barrow, Georgia | 1 | $ 140,000 | $ 140,000 | $ 71,000 |
| Carroll, Georgia | 1 | $ 88,000 | $ 88,000 | $ 86,000 |
| Douglas, Georgia | 1 | $ 116,000 | $ 116,000 | $ 0 |
| Greene, Georgia | 1 | $ 1,800,000 | $ 1,800,000 | $ 404,000 |
| Gwinnett, Georgia | 1 | $ 50,000 | $ 50,000 | $ 79,000 |
| Hall, Georgia | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Haralson, Georgia | 1 | $ 69,000 | $ 69,000 | $ 0 |
| Henry, Georgia | 1 | $ 155,000 | $ 155,000 | $ 47,000 |
| Newton, Georgia | 1 | $ 10,000,000 | $ 10,000,000 | $ 0 |
| Rockdale, Georgia | 1 | $ 550,000 | $ 550,000 | $ 0 |
| White, Georgia | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Whitfield, Georgia | 1 | $ 31,000 | $ 31,000 | $ 41,000 |
| Sevier, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Crescent Bank & Trust in 2007
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 | 258 | $51,439,000 | $199,000 | $10,000,000 | $73,000 | $975,000 |
| Home Purchase | 80 | $9,954,000 | $124,000 | $549,000 | $88,000 | $480,000 |
| Home Improvement | 17 | $1,874,000 | $110,000 | $700,000 | $59,000 | $225,000 |
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 | 236 | $30,181,000 | $127,000 | $1,259,000 | $107,000 | $975,000 |
| Not applicable | 107 | $28,754,000 | $268,000 | $10,000,000 | $0 | $0 |
| Black or African American | 6 | $1,999,000 | $333,000 | $1,800,000 | $108,000 | $404,000 |
| Not Provided | 3 | $880,000 | $293,000 | $549,000 | $99,000 | $228,000 |
| Hispanic | 2 | $1,121,000 | $560,000 | $946,000 | $209,000 | $360,000 |
| Asian | 1 | $332,000 | $332,000 | $332,000 | $329,000 | $329,000 |
| 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) | 355 | $63,267,000 | $178,000 | $10,000,000 | $76,000 | $975,000 |
| 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 | 300 | $51,316,000 | $171,000 | $10,000,000 | $75,000 | $975,000 |
| Application Denied By Financial Institution | 21 | $2,341,000 | $111,000 | $332,000 | $65,000 | $329,000 |
| Application Withdrawn By Applicant | 19 | $6,892,000 | $362,000 | $1,800,000 | $118,000 | $404,000 |
| Application Approved But Not Accepted | 12 | $2,349,000 | $195,000 | $388,000 | $65,000 | $129,000 |
| File Closed For Incompleteness | 3 | $369,000 | $123,000 | $135,000 | $33,000 | $40,000 |
| 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 | $1,341,000 | $83,000 | $182,000 | $52,000 | $120,000 |
| Debt-To-Income Ratio | 3 | $508,000 | $169,000 | $198,000 | $64,000 | $71,000 |
| Other | 2 | $492,000 | $246,000 | $332,000 | $164,000 | $329,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Crescent Bank & Trust's 2007 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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