Crescent Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Crescent Bank & Trust of Jasper, GA reported 5,681 mortgage applications totaling $723.9 million. The average application was for $127,427, and applicants reported an average income of $67,447. 66% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Atlanta, GA (1,224), Charlotte-Gastonia-Rock Hill, NC-SC (283) and Knoxville, TN (124) (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 | 5,681 |
| Total Mortgage Loan Application Amount | $723,914,000 |
| Average Mortgage Loan Application Amount | $127,427 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $67,447 |
| Highest Applicant Income | $2,352,000 |
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(HMDA) records Crescent Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Crescent Bank & Trust in 2003
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 (home purchase or home improvement, one-to-four family) | 4,657 | $597,774,000 | $129,928 | $1,300,000 | $70,428 | $2,352,000 |
| Home Purchase (one-to-four family) | 1,015 | $124,866,000 | $124,846 | $959,000 | $65,692 | $834,000 |
| Home Improvement (one-to-four family) | 7 | $324,000 | $46,000 | $90,000 | $58,000 | $117,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 2 | $950,000 | $475,000 | $900,000 | $0 | $0 |
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 | 4,689 | $597,642,000 | $132,071 | $1,300,000 | $75,714 | $1,018,000 |
| Information not provided by applicant in mail or telephone application | 754 | $96,597,000 | $117,416 | $750,000 | $41,083 | $2,352,000 |
| Black | 131 | $15,168,000 | $89,888 | $390,000 | $51,444 | $199,000 |
| Hispanic | 61 | $6,086,000 | $96,428 | $323,000 | $55,285 | $489,000 |
| Asian or Pacific Islander | 17 | $2,877,000 | $213,500 | $321,000 | $160,250 | $324,000 |
| Other | 15 | $2,944,000 | $204,333 | $568,000 | $109,333 | $260,000 |
| American Indian or Alaskan Native | 11 | $1,437,000 | $157,333 | $323,000 | $75,833 | $210,000 |
| Not applicable | 3 | $1,163,000 | $387,000 | $900,000 | $106,000 | $320,000 |
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) | 5,677 | $723,502,000 | $127,800 | $1,300,000 | $66,800 | $2,352,000 |
| FHA-insured (Federal Housing Administration) | 4 | $412,000 | $106,500 | $142,000 | $39,500 | $46,000 |
| 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 | 3,773 | $469,738,000 | $120,818 | $959,000 | $71,181 | $1,018,000 |
| Application Denied By Financial Institution | 900 | $120,276,000 | $118,857 | $1,300,000 | $60,500 | $759,000 |
| Application Approved But Not Accepted | 735 | $98,295,000 | $133,583 | $1,000,000 | $75,833 | $2,352,000 |
| Loan Purchased By The Institution | 242 | $30,607,000 | $122,400 | $504,000 | $52,600 | $456,000 |
| Application Withdrawn By Applicant | 28 | $4,415,000 | $157,000 | $399,000 | $71,000 | $282,000 |
| File Closed For Incompleteness | 3 | $583,000 | $194,000 | $235,000 | $58,000 | $66,000 |
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 | 342 | $43,092,000 | $107,818 | $825,000 | $52,363 | $340,000 |
| Collateral | 226 | $30,876,000 | $115,666 | $1,300,000 | $70,416 | $519,000 |
| Other | 154 | $20,108,000 | $133,222 | $545,000 | $68,888 | $759,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 105 | $13,660,000 | $126,818 | $300,000 | $60,000 | $366,000 |
| Debt-To-Income Ratio | 56 | $10,019,000 | $151,428 | $750,000 | $61,285 | $303,000 |
| Employment History | 16 | $2,447,000 | $174,833 | $323,000 | $90,666 | $300,000 |
| Credit Application Incomplete | 1 | $74,000 | $74,000 | $74,000 | $64,000 | $64,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Crescent Bank & Trust's 2003 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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