First Bank Mortgage Lending & HMDA Data, 2024
In 2024, First Bank of Southern Pines, NC reported 2,003 mortgage applications totaling $562.8 million, down 23% from 2023. The average application was for $280,976, and applicants reported an average income of $157,358. 70% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Wilmington, NC (263), Pinehurst-Southern Pines, NC (207) and Asheville, NC (199) (applications in parentheses).
| Mortgage Company & Address | First Bank Po Box 508 Southern Pines, NC 28387 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 2,003 |
| Total Mortgage Loan Application Amount | $562,795,000 |
| Average Mortgage Loan Application Amount | $280,976 |
| Highest Mortgage Loan Application Amount | $18,765,000 |
| Average Applicant Income | $157,358 |
| Highest Applicant Income | $1,784,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Moore, North Carolina | 207 | $ 46,035,000 | $ 222,391 | $ 159,000 |
| Buncombe, North Carolina | 143 | $ 36,875,000 | $ 257,867 | $ 156,000 |
| New Hanover, North Carolina | 119 | $ 48,645,000 | $ 408,781 | $ 223,000 |
| Brunswick, North Carolina | 110 | $ 55,220,000 | $ 502,000 | $ 178,000 |
| Guilford, North Carolina | 77 | $ 16,095,000 | $ 209,025 | $ 133,000 |
| Wake, North Carolina | 68 | $ 25,120,000 | $ 369,411 | $ 239,000 |
| Harnett, North Carolina | 58 | $ 12,690,000 | $ 218,793 | $ 164,000 |
| Mecklenburg, North Carolina | 52 | $ 17,290,000 | $ 332,500 | $ 219,000 |
| Onslow, North Carolina | 43 | $ 9,295,000 | $ 216,162 | $ 166,000 |
| Stanly, North Carolina | 41 | $ 11,485,000 | $ 280,121 | $ 144,000 |
| Carteret, North Carolina | 40 | $ 14,310,000 | $ 357,750 | $ 226,000 |
| Lee, North Carolina | 40 | $ 7,990,000 | $ 199,750 | $ 147,000 |
| Forsyth, North Carolina | 39 | $ 7,565,000 | $ 193,974 | $ 151,000 |
| Pitt, North Carolina | 39 | $ 11,485,000 | $ 294,487 | $ 237,000 |
| Beaufort, North Carolina | 38 | $ 7,450,000 | $ 196,052 | $ 128,000 |
| Davidson, North Carolina | 38 | $ 5,490,000 | $ 144,473 | $ 98,000 |
| Henderson, North Carolina | 36 | $ 10,190,000 | $ 283,055 | $ 104,000 |
| Randolph, North Carolina | 36 | $ 7,570,000 | $ 210,277 | $ 120,000 |
| Pender, North Carolina | 34 | $ 15,210,000 | $ 447,352 | $ 238,000 |
| Rowan, North Carolina | 33 | $ 6,965,000 | $ 211,060 | $ 152,000 |
| Cabarrus, North Carolina | 27 | $ 8,935,000 | $ 330,925 | $ 147,000 |
| Cumberland, North Carolina | 27 | $ 6,285,000 | $ 232,777 | $ 170,000 |
| Richmond, North Carolina | 24 | $ 3,740,000 | $ 155,833 | $ 96,000 |
| Alamance, North Carolina | 23 | $ 4,855,000 | $ 211,086 | $ 133,000 |
| Montgomery, North Carolina | 23 | $ 4,195,000 | $ 182,391 | $ 126,000 |
| Florence, South Carolina | 23 | $ 7,395,000 | $ 321,521 | $ 164,000 |
| Robeson, North Carolina | 22 | $ 3,670,000 | $ 166,818 | $ 105,000 |
| Columbus, North Carolina | 21 | $ 3,225,000 | $ 153,571 | $ 125,000 |
| Iredell, North Carolina | 21 | $ 4,445,000 | $ 211,666 | $ 99,000 |
| Madison, North Carolina | 20 | $ 6,260,000 | $ 313,000 | $ 125,000 |
| Chatham, North Carolina | 19 | $ 5,155,000 | $ 271,315 | $ 144,000 |
| Duplin, North Carolina | 19 | $ 2,845,000 | $ 149,736 | $ 86,000 |
| McDowell, North Carolina | 19 | $ 5,115,000 | $ 269,210 | $ 177,000 |
| Macon, North Carolina | 16 | $ 2,120,000 | $ 132,500 | $ 85,000 |
| Anderson, South Carolina | 16 | $ 4,180,000 | $ 261,250 | $ 119,000 |
| Chesterfield, South Carolina | 16 | $ 2,930,000 | $ 183,125 | $ 96,000 |
| Wayne, North Carolina | 15 | $ 3,975,000 | $ 265,000 | $ 144,000 |
| Greenville, South Carolina | 15 | $ 3,445,000 | $ 229,666 | $ 162,000 |
| Dare, North Carolina | 14 | $ 5,370,000 | $ 383,571 | $ 163,000 |
| Scotland, North Carolina | 14 | $ 2,060,000 | $ 147,142 | $ 150,000 |
| Charleston, South Carolina | 14 | $ 9,950,000 | $ 710,714 | $ 219,000 |
| Orange, North Carolina | 13 | $ 2,465,000 | $ 189,615 | $ 84,000 |
| Transylvania, North Carolina | 13 | $ 4,215,000 | $ 324,230 | $ 125,000 |
| Haywood, North Carolina | 12 | $ 2,610,000 | $ 217,500 | $ 116,000 |
| Pasquotank, North Carolina | 11 | $ 1,895,000 | $ 172,272 | $ 144,000 |
| Rockingham, North Carolina | 11 | $ 5,505,000 | $ 500,454 | $ 97,000 |
| Bladen, North Carolina | 10 | $ 1,830,000 | $ 183,000 | $ 120,000 |
| Catawba, North Carolina | 10 | $ 2,260,000 | $ 226,000 | $ 55,000 |
| Sampson, North Carolina | 9 | $ 1,985,000 | $ 220,555 | $ 101,000 |
| Union, North Carolina | 9 | $ 2,455,000 | $ 272,777 | $ 229,000 |
| Orangeburg, South Carolina | 9 | $ 2,985,000 | $ 331,666 | $ 130,000 |
| Johnston, North Carolina | 8 | $ 1,580,000 | $ 197,500 | $ 169,000 |
| Horry, South Carolina | 8 | $ 2,380,000 | $ 297,500 | $ 203,000 |
| Darlington, South Carolina | 7 | $ 2,415,000 | $ 345,000 | $ 174,000 |
| Gaston, North Carolina | 6 | $ 1,320,000 | $ 220,000 | $ 67,000 |
| Jackson, North Carolina | 5 | $ 1,785,000 | $ 357,000 | $ 334,000 |
| Polk, North Carolina | 5 | $ 1,025,000 | $ 205,000 | $ 171,000 |
| Stokes, North Carolina | 5 | $ 905,000 | $ 181,000 | $ 65,000 |
| Yancey, North Carolina | 5 | $ 1,605,000 | $ 321,000 | $ 171,000 |
| Burke, North Carolina | 4 | $ 1,650,000 | $ 412,500 | $ 117,000 |
| Craven, North Carolina | 4 | $ 2,130,000 | $ 532,500 | $ 299,000 |
| Davie, North Carolina | 4 | $ 1,650,000 | $ 412,500 | $ 209,000 |
| Durham, North Carolina | 4 | $ 1,130,000 | $ 282,500 | $ 179,000 |
| Hoke, North Carolina | 4 | $ 1,250,000 | $ 312,500 | $ 77,000 |
| Watauga, North Carolina | 4 | $ 1,830,000 | $ 457,500 | $ 313,000 |
| York, South Carolina | 4 | $ 790,000 | $ 197,500 | $ 211,000 |
| Anson, North Carolina | 3 | $ 695,000 | $ 231,666 | $ 50,000 |
| Avery, North Carolina | 3 | $ 805,000 | $ 268,333 | $ 273,000 |
| Pamlico, North Carolina | 3 | $ 955,000 | $ 318,333 | $ 206,000 |
| Rutherford, North Carolina | 3 | $ 825,000 | $ 275,000 | $ 126,000 |
| Wilson, North Carolina | 3 | $ 865,000 | $ 288,333 | $ 76,000 |
| Laurens, South Carolina | 3 | $ 365,000 | $ 121,666 | $ 191,000 |
| Pickens, South Carolina | 3 | $ 535,000 | $ 178,333 | $ 136,000 |
| Spartanburg, South Carolina | 3 | $ 485,000 | $ 161,666 | $ 44,000 |
| Currituck, North Carolina | 2 | $ 1,580,000 | $ 790,000 | $ 80,000 |
| Franklin, North Carolina | 2 | $ 740,000 | $ 370,000 | $ 140,000 |
| Swain, North Carolina | 2 | $ 260,000 | $ 130,000 | $ 125,000 |
| Wilkes, North Carolina | 2 | $ 550,000 | $ 275,000 | $ 90,000 |
| Calhoun, South Carolina | 2 | $ 260,000 | $ 130,000 | $ 122,000 |
| Dillon, South Carolina | 2 | $ 190,000 | $ 95,000 | $ 77,000 |
| Lee, South Carolina | 2 | $ 430,000 | $ 215,000 | $ 114,000 |
| Lexington, South Carolina | 2 | $ 660,000 | $ 330,000 | $ 155,000 |
| Marlboro, South Carolina | 2 | $ 110,000 | $ 55,000 | $ 46,000 |
| Ashe, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 25,000 |
| Caldwell, North Carolina | 1 | $ 735,000 | $ 735,000 | $ 203,000 |
| Caswell, North Carolina | 1 | $ 685,000 | $ 685,000 | $ 166,000 |
| Cleveland, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 170,000 |
| Greene, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 86,000 |
| Lincoln, North Carolina | 1 | $ 475,000 | $ 475,000 | $ 149,000 |
| Martin, North Carolina | 1 | $ 385,000 | $ 385,000 | $ 136,000 |
| Mitchell, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 41,000 |
| Nash, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 98,000 |
| Perquimans, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 160,000 |
| Tyrrell, North Carolina | 1 | $ 385,000 | $ 385,000 | $ 225,000 |
| Warren, North Carolina | 1 | $ 225,000 | $ 225,000 | $ 62,000 |
| Yadkin, North Carolina | 1 | $ 415,000 | $ 415,000 | $ 154,000 |
| Beaufort, South Carolina | 1 | $ 825,000 | $ 825,000 | $ 423,000 |
| Clarendon, South Carolina | 1 | $ 235,000 | $ 235,000 | $ 101,000 |
| Dorchester, South Carolina | 1 | $ 435,000 | $ 435,000 | $ 163,000 |
| Greenwood, South Carolina | 1 | $ 105,000 | $ 105,000 | $ 100,000 |
| Lancaster, South Carolina | 1 | $ 165,000 | $ 165,000 | $ 213,000 |
| Newberry, South Carolina | 1 | $ 1,405,000 | $ 1,405,000 | $ 0 |
| Sumter, South Carolina | 1 | $ 365,000 | $ 365,000 | $ 312,000 |
| Carroll, Virginia | 1 | $ 105,000 | $ 105,000 | $ 36,000 |
| Montgomery, Virginia | 1 | $ 285,000 | $ 285,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for First Bank in 2024
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 873 | $318,575,000 | $364,000 | $7,305,000 | $143,000 | $1,144,000 |
| Other Purpose | 451 | $79,315,000 | $175,000 | $1,005,000 | $175,000 | $1,642,000 |
| Home Improvement | 322 | $46,490,000 | $144,000 | $1,775,000 | $150,000 | $1,053,000 |
| Refinancing | 279 | $92,485,000 | $331,000 | $18,765,000 | $186,000 | $1,784,000 |
| Cash-out Refinancing | 78 | $25,930,000 | $332,000 | $1,285,000 | $144,000 | $1,300,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 1,499 | $389,765,000 | $260,000 | $2,005,000 | $162,000 | $1,642,000 |
| Black or African American | 147 | $27,285,000 | $185,000 | $1,005,000 | $76,000 | $709,000 |
| Not Provided | 102 | $34,120,000 | $334,000 | $1,265,000 | $206,000 | $1,209,000 |
| Not applicable | 101 | $73,785,000 | $730,000 | $18,765,000 | $0 | $0 |
| Hispanic | 71 | $15,685,000 | $220,000 | $905,000 | $138,000 | $1,300,000 |
| Asian | 55 | $15,665,000 | $284,000 | $1,005,000 | $194,000 | $1,784,000 |
| American Indian or Alaskan Native | 27 | $5,985,000 | $221,000 | $585,000 | $151,000 | $785,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $505,000 | $505,000 | $505,000 | $162,000 | $162,000 |
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) | 1,945 | $546,185,000 | $280,000 | $18,765,000 | $159,000 | $1,784,000 |
| FHA-insured (Federal Housing Administration) | 29 | $8,335,000 | $287,000 | $475,000 | $96,000 | $181,000 |
| VA-guaranteed (Veterans Administration) | 17 | $5,735,000 | $337,000 | $645,000 | $130,000 | $300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 12 | $2,540,000 | $211,000 | $355,000 | $68,000 | $101,000 |
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 | 1,407 | $407,825,000 | $289,000 | $18,765,000 | $168,000 | $1,784,000 |
| Application Denied By Financial Institution | 393 | $84,285,000 | $214,000 | $1,915,000 | $121,000 | $1,300,000 |
| Application Withdrawn By Applicant | 115 | $38,965,000 | $338,000 | $1,775,000 | $173,000 | $1,053,000 |
| Preapproval Approved but not Accepted | 37 | $13,485,000 | $364,000 | $1,385,000 | $126,000 | $390,000 |
| Preapproval Denied by Financial Institution | 19 | $6,165,000 | $324,000 | $745,000 | $76,000 | $287,000 |
| Application Approved But Not Accepted | 19 | $5,685,000 | $299,000 | $1,125,000 | $206,000 | $536,000 |
| File Closed For Incompleteness | 13 | $6,385,000 | $491,000 | $905,000 | $202,000 | $709,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,591 | $472,345,000 | $296,000 | $18,765,000 | $168,000 | $1,784,000 |
| Debt-To-Income Ratio | 220 | $50,330,000 | $228,000 | $1,905,000 | $95,000 | $466,000 |
| Credit History | 76 | $10,290,000 | $135,000 | $755,000 | $109,000 | $850,000 |
| Collateral | 67 | $16,105,000 | $240,000 | $1,915,000 | $181,000 | $943,000 |
| Other | 24 | $6,120,000 | $255,000 | $745,000 | $123,000 | $300,000 |
| Unverifiable Information | 13 | $3,375,000 | $259,000 | $755,000 | $227,000 | $1,300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $2,340,000 | $390,000 | $545,000 | $105,000 | $159,000 |
| Credit Application Incomplete | 4 | $1,560,000 | $390,000 | $505,000 | $302,000 | $350,000 |
| Employment History | 2 | $330,000 | $165,000 | $225,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank's 2024 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 First Bank'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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