Crescent Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Crescent Bank & Trust of Jasper, GA reported 420 mortgage applications totaling $103.5 million, up 18% from 2007. The average application was for $246,511, and applicants reported an average income of $61,866. 87% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (353), 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 | 420 |
| Total Mortgage Loan Application Amount | $103,535,000 |
| Average Mortgage Loan Application Amount | $246,511 |
| Highest Mortgage Loan Application Amount | $9,954,000 |
| Average Applicant Income | $61,866 |
| Highest Applicant Income | $820,000 |
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(HMDA) records Crescent Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 87 | $ 17,542,000 | $ 201,632 | $ 47,000 |
| Pickens, Georgia | 87 | $ 10,320,000 | $ 118,620 | $ 95,000 |
| Cherokee, Georgia | 73 | $ 11,533,000 | $ 157,986 | $ 57,000 |
| Forsyth, Georgia | 32 | $ 5,437,000 | $ 169,906 | $ 76,000 |
| Fulton, Georgia | 19 | $ 24,046,000 | $ 1,265,578 | $ 43,000 |
| Cobb, Georgia | 18 | $ 3,944,000 | $ 219,111 | $ 23,000 |
| Gordon, Georgia | 17 | $ 2,046,000 | $ 120,352 | $ 27,000 |
| Gwinnett, Georgia | 14 | $ 2,039,000 | $ 145,642 | $ 18,000 |
| Gilmer, Georgia | 13 | $ 1,602,000 | $ 123,230 | $ 41,000 |
| Dawson, Georgia | 9 | $ 1,161,000 | $ 129,000 | $ 54,000 |
| Floyd, Georgia | 6 | $ 2,899,000 | $ 483,166 | $ 22,000 |
| Paulding, Georgia | 6 | $ 663,000 | $ 110,500 | $ 6,000 |
| Polk, Georgia | 5 | $ 452,000 | $ 90,400 | $ 59,000 |
| DeKalb, Georgia | 4 | $ 1,294,000 | $ 323,500 | $ 37,000 |
| Murray, Georgia | 4 | $ 176,000 | $ 44,000 | $ 119,000 |
| Franklin, Florida | 2 | $ 1,875,000 | $ 937,500 | $ 391,000 |
| Walton, Florida | 2 | $ 997,000 | $ 498,500 | $ 92,000 |
| Chattooga, Georgia | 2 | $ 680,000 | $ 340,000 | $ 77,000 |
| Fannin, Georgia | 2 | $ 500,000 | $ 250,000 | $ 151,000 |
| Hall, Georgia | 2 | $ 704,000 | $ 352,000 | $ 75,000 |
| Lumpkin, Georgia | 2 | $ 375,000 | $ 187,500 | $ 27,000 |
| Baldwin, Alabama | 1 | $ 166,000 | $ 166,000 | $ 122,000 |
| Bay, Florida | 1 | $ 638,000 | $ 638,000 | $ 241,000 |
| Lake, Florida | 1 | $ 325,000 | $ 325,000 | $ 244,000 |
| Okaloosa, Florida | 1 | $ 424,000 | $ 424,000 | $ 0 |
| St. Lucie, Florida | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Carroll, Georgia | 1 | $ 78,000 | $ 78,000 | $ 171,000 |
| Clarke, Georgia | 1 | $ 148,000 | $ 148,000 | $ 222,000 |
| Coffee, Georgia | 1 | $ 52,000 | $ 52,000 | $ 68,000 |
| Greene, Georgia | 1 | $ 230,000 | $ 230,000 | $ 102,000 |
| Haralson, Georgia | 1 | $ 30,000 | $ 30,000 | $ 0 |
| Newton, Georgia | 1 | $ 9,954,000 | $ 9,954,000 | $ 0 |
| Rockdale, Georgia | 1 | $ 550,000 | $ 550,000 | $ 0 |
| White, Georgia | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Whitfield, Georgia | 1 | $ 20,000 | $ 20,000 | $ 50,000 |
Mortgage Loan Application Detail Totals for Crescent Bank & Trust in 2008
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 | 299 | $68,150,000 | $227,000 | $9,954,000 | $65,000 | $820,000 |
| Home Purchase | 111 | $34,041,000 | $306,000 | $8,959,000 | $49,000 | $244,000 |
| Home Improvement | 10 | $1,344,000 | $134,000 | $330,000 | $111,000 | $616,000 |
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 | 271 | $39,942,000 | $147,000 | $1,276,000 | $94,000 | $820,000 |
| Not applicable | 141 | $62,598,000 | $443,000 | $9,954,000 | $0 | $0 |
| Black or African American | 7 | $695,000 | $99,000 | $158,000 | $42,000 | $54,000 |
| Hispanic | 1 | $300,000 | $300,000 | $300,000 | $58,000 | $58,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 415 | $102,451,000 | $246,000 | $9,954,000 | $61,000 | $820,000 |
| FHA-insured (Federal Housing Administration) | 5 | $1,084,000 | $216,000 | $572,000 | $103,000 | $208,000 |
| 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 | 365 | $93,271,000 | $255,000 | $9,954,000 | $59,000 | $820,000 |
| Application Denied By Financial Institution | 25 | $3,885,000 | $155,000 | $572,000 | $68,000 | $208,000 |
| Application Withdrawn By Applicant | 15 | $3,436,000 | $229,000 | $780,000 | $99,000 | $222,000 |
| Application Approved But Not Accepted | 14 | $2,785,000 | $198,000 | $417,000 | $85,000 | $188,000 |
| File Closed For Incompleteness | 1 | $158,000 | $158,000 | $158,000 | $26,000 | $26,000 |
| 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 | $1,050,000 | $80,000 | $227,000 | $63,000 | $120,000 |
| Debt-To-Income Ratio | 9 | $1,819,000 | $202,000 | $350,000 | $63,000 | $112,000 |
| Collateral | 2 | $444,000 | $222,000 | $240,000 | $59,000 | $61,000 |
| Other | 1 | $572,000 | $572,000 | $572,000 | $208,000 | $208,000 |
| 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 |
| 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 2008 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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with aggregated HMDA statistics today.
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