Crescent Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Crescent Bank & Trust of Jasper, GA reported 299 mortgage applications totaling $35.7 million, up 2% from 2004. The average application was for $119,304, and applicants reported an average income of $56,812. 71% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (234), Dalton, GA (5) and Rome, 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 | 299 |
| Total Mortgage Loan Application Amount | $35,672,000 |
| Average Mortgage Loan Application Amount | $119,304 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $56,812 |
| Highest Applicant Income | $450,000 |
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(HMDA) records Crescent Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 234 | $ 28,059,000 | $ 119,910 | $ 60,000 |
| Dalton, GA | 5 | $ 744,000 | $ 148,800 | $ 69,000 |
| Rome, GA | 5 | $ 479,000 | $ 95,800 | $ 70,000 |
| Panama City-Lynn Haven, FL | 3 | $ 911,000 | $ 303,666 | $ 69,000 |
| Athens-Clarke County, GA | 1 | $ 167,000 | $ 167,000 | $ 74,000 |
| Gainesville, GA | 1 | $ 140,000 | $ 140,000 | $ 0 |
Mortgage Loan Application Detail Totals for Crescent Bank & Trust in 2005
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 | 179 | $23,653,000 | $199,000 | $2,000,000 | $97,500 | $450,000 |
| Home Purchase | 105 | $11,525,000 | $176,666 | $650,000 | $42,333 | $350,000 |
| Home Improvement | 15 | $494,000 | $32,000 | $132,000 | $38,000 | $100,000 |
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 | 239 | $26,424,000 | $151,000 | $2,000,000 | $68,000 | $450,000 |
| Not applicable | 53 | $8,755,000 | $268,000 | $1,090,000 | $0 | $0 |
| Black or African American | 5 | $386,000 | $77,000 | $131,000 | $137,000 | $350,000 |
| American Indian or Alaskan Native | 1 | $50,000 | $50,000 | $50,000 | $36,000 | $36,000 |
| Not Provided | 1 | $57,000 | $57,000 | $57,000 | $49,000 | $49,000 |
| 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) | 299 | $35,672,000 | $158,000 | $2,000,000 | $52,333 | $450,000 |
| 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 | 211 | $23,694,000 | $155,333 | $2,000,000 | $51,666 | $450,000 |
| Application Denied By Financial Institution | 30 | $3,459,000 | $115,000 | $469,000 | $55,000 | $312,000 |
| Application Withdrawn By Applicant | 27 | $3,771,000 | $139,000 | $650,000 | $60,000 | $111,000 |
| File Closed For Incompleteness | 17 | $2,214,000 | $130,000 | $216,000 | $49,000 | $280,000 |
| Application Approved But Not Accepted | 14 | $2,534,000 | $181,000 | $496,000 | $68,000 | $210,000 |
| 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 | 12 | $956,000 | $79,000 | $250,000 | $50,000 | $100,000 |
| Debt-To-Income Ratio | 8 | $1,142,000 | $142,000 | $469,000 | $55,000 | $171,000 |
| Collateral | 3 | $648,000 | $216,000 | $287,000 | $138,000 | $312,000 |
| Other | 2 | $204,000 | $102,000 | $147,000 | $60,000 | $71,000 |
| Unverifiable Information | 2 | $141,000 | $70,000 | $113,000 | $58,000 | $58,000 |
| Employment History | 2 | $170,000 | $85,000 | $120,000 | $27,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $198,000 | $198,000 | $198,000 | $58,000 | $58,000 |
| Mortgage Insurance Denied | 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 2005 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.
For a list of all lenders in Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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