First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2010
In 2010, First-Citizens Bank & Trust Co of Raleigh, NC reported 5,814 mortgage applications totaling $1.5 billion, down 20% from 2009. The average application was for $254,098, and applicants reported an average income of $125,533. 62% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Raleigh-Cary, NC (672), Asheville, NC (506) and Charlotte-Gastonia-Rock Hill, NC-SC (406) (applications in parentheses).
| Mortgage Company & Address | First-Citizens Bank & Trust Co 16 E Rowan Street Raleigh, NC 27609 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,814 |
| Total Mortgage Loan Application Amount | $1,477,329,000 |
| Average Mortgage Loan Application Amount | $254,098 |
| Highest Mortgage Loan Application Amount | $38,157,000 |
| Average Applicant Income | $125,533 |
| Highest Applicant Income | $3,605,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Raleigh-Cary, NC | 672 | $ 149,695,000 | $ 222,760 | $ 140,000 |
| Asheville, NC | 506 | $ 111,182,000 | $ 219,727 | $ 112,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 406 | $ 62,903,000 | $ 154,933 | $ 126,556 |
| Wilmington, NC | 348 | $ 82,826,000 | $ 238,005 | $ 171,000 |
| Hickory-Lenoir-Morganton, NC | 318 | $ 46,433,000 | $ 146,015 | $ 92,000 |
| Greensboro-High Point, NC | 218 | $ 35,554,000 | $ 163,091 | $ 125,000 |
| Durham-Chapel Hill, NC | 202 | $ 57,066,000 | $ 282,504 | $ 205,000 |
| Winston-Salem, NC | 191 | $ 35,916,000 | $ 188,041 | $ 151,000 |
| Roanoke, VA | 174 | $ 31,063,000 | $ 178,522 | $ 100,000 |
| Jacksonville, NC | 108 | $ 17,121,000 | $ 158,527 | $ 108,000 |
| Fayetteville, NC | 107 | $ 15,151,000 | $ 141,598 | $ 138,000 |
| Greenville, NC | 103 | $ 20,400,000 | $ 198,058 | $ 152,000 |
| Danville, VA | 97 | $ 12,213,000 | $ 125,907 | $ 64,000 |
| Lynchburg, VA | 71 | $ 11,676,000 | $ 164,450 | $ 105,000 |
| Miami-Miami Beach-Kendall, FL | 58 | $ 21,295,000 | $ 367,155 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 58 | $ 11,231,000 | $ 193,637 | $ 223,706 |
| Charlottesville, VA | 53 | $ 13,751,000 | $ 259,452 | $ 189,000 |
| Blacksburg-Christiansburg-Radford, VA | 50 | $ 8,063,000 | $ 161,260 | $ 108,000 |
| Harrisonburg, VA | 39 | $ 7,620,000 | $ 195,384 | $ 109,000 |
| Goldsboro, NC | 37 | $ 3,760,000 | $ 101,621 | $ 103,000 |
| Los Angeles-Long Beach-Glendale, CA | 36 | $ 161,744,000 | $ 4,492,888 | $ 12,000 |
| Knoxville, TN | 33 | $ 7,395,000 | $ 224,090 | $ 159,000 |
| Richmond, VA | 33 | $ 8,531,000 | $ 258,515 | $ 160,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 27 | $ 18,640,000 | $ 690,370 | $ 9,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 23 | $ 3,289,000 | $ 143,000 | $ 143,000 |
| Greenville-Mauldin-Easley, SC | 18 | $ 7,205,000 | $ 400,277 | $ 281,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 18 | $ 4,358,000 | $ 242,111 | $ 178,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 17 | $ 13,364,000 | $ 786,117 | $ 0 |
| Winchester, VA-WV | 14 | $ 3,435,000 | $ 245,357 | $ 125,000 |
| Chattanooga, TN-GA | 13 | $ 3,201,000 | $ 246,230 | $ 189,153 |
| Charleston-North Charleston-Summerville, SC | 12 | $ 4,362,000 | $ 363,500 | $ 238,000 |
| Atlanta-Sandy Springs-Marietta, GA | 10 | $ 12,232,000 | $ 1,223,200 | $ 226,000 |
| Baltimore-Towson, MD | 9 | $ 2,180,000 | $ 242,222 | $ 87,000 |
| Rocky Mount, NC | 9 | $ 819,000 | $ 91,000 | $ 100,000 |
| Phoenix-Mesa-Glendale, AZ | 7 | $ 14,098,000 | $ 2,014,000 | $ 141,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 1,555,000 | $ 222,142 | $ 132,428 |
| Burlington, NC | 6 | $ 998,000 | $ 166,333 | $ 112,000 |
| Kingsport-Bristol-Bristol, TN-VA | 6 | $ 1,700,000 | $ 283,333 | $ 129,666 |
| Punta Gorda, FL | 6 | $ 5,179,000 | $ 863,166 | $ 44,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 637,000 | $ 106,166 | $ 22,000 |
| Chicago-Joliet-Naperville, IL | 5 | $ 2,953,000 | $ 590,600 | $ 0 |
| Columbia, SC | 5 | $ 863,000 | $ 172,600 | $ 196,000 |
| Jacksonville, FL | 5 | $ 763,000 | $ 152,600 | $ 48,000 |
| Las Vegas-Paradise, NV | 5 | $ 48,124,000 | $ 9,624,800 | $ 0 |
| Olympia, WA | 5 | $ 701,000 | $ 140,200 | $ 82,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 2,231,000 | $ 446,200 | $ 111,000 |
| San Diego-Carlsbad-San Marcos, CA | 5 | $ 4,894,000 | $ 978,800 | $ 125,000 |
| Johnson City, TN | 4 | $ 736,000 | $ 184,000 | $ 157,000 |
| Austin-Round Rock-San Marcos, TX | 3 | $ 649,000 | $ 216,333 | $ 158,000 |
| Dallas-Plano-Irving, TX | 3 | $ 6,690,000 | $ 2,230,000 | $ 88,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 2,909,000 | $ 969,666 | $ 82,000 |
| Tacoma, WA | 3 | $ 861,000 | $ 287,000 | $ 171,000 |
| Canton-Massillon, OH | 2 | $ 2,020,000 | $ 1,010,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 304,000 | $ 152,000 | $ 105,000 |
| Charleston, WV | 2 | $ 254,000 | $ 127,000 | $ 88,000 |
| Colorado Springs, CO | 2 | $ 7,290,000 | $ 3,645,000 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 212,000 | $ 106,000 | $ 36,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 6,120,000 | $ 3,060,000 | $ 0 |
| Memphis, TN-MS-AR | 2 | $ 4,346,000 | $ 2,173,000 | $ 0 |
| Morristown, TN | 2 | $ 253,000 | $ 126,500 | $ 259,000 |
| Naples-Marco Island, FL | 2 | $ 235,000 | $ 117,500 | $ 52,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 14,027,000 | $ 7,013,500 | $ 93,000 |
| Port St. Lucie, FL | 2 | $ 380,000 | $ 190,000 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 499,000 | $ 249,500 | $ 308,000 |
| Sebastian-Vero Beach, FL | 2 | $ 501,000 | $ 250,500 | $ 26,000 |
| Spartanburg, SC | 2 | $ 276,000 | $ 138,000 | $ 50,000 |
| Bakersfield-Delano, CA | 1 | $ 2,200,000 | $ 2,200,000 | $ 0 |
| Boulder, CO | 1 | $ 414,000 | $ 414,000 | $ 781,000 |
| Bremerton-Silverdale, WA | 1 | $ 4,122,000 | $ 4,122,000 | $ 0 |
| Dalton, GA | 1 | $ 180,000 | $ 180,000 | $ 36,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 56,000 | $ 56,000 | $ 91,000 |
| Denver-Aurora-Broomfield, CO | 1 | $ 168,000 | $ 168,000 | $ 94,000 |
| Honolulu, HI | 1 | $ 2,442,000 | $ 2,442,000 | $ 0 |
| Jackson, MS | 1 | $ 598,000 | $ 598,000 | $ 0 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 3,570,000 | $ 3,570,000 | $ 0 |
| Macon, GA | 1 | $ 733,000 | $ 733,000 | $ 0 |
| Medford, OR | 1 | $ 385,000 | $ 385,000 | $ 840,000 |
| New York-White Plains-Wayne, NY-NJ | 1 | $ 2,082,000 | $ 2,082,000 | $ 0 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 63,000 | $ 63,000 | $ 136,000 |
| Philadelphia, PA | 1 | $ 60,000 | $ 60,000 | $ 71,000 |
| Pittsburgh, PA | 1 | $ 863,000 | $ 863,000 | $ 0 |
| Rome, GA | 1 | $ 684,000 | $ 684,000 | $ 210,000 |
| Salisbury, MD | 1 | $ 143,000 | $ 143,000 | $ 26,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 5,928,000 | $ 5,928,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 1 | $ 4,000,000 | $ 4,000,000 | $ 0 |
| Savannah, GA | 1 | $ 184,000 | $ 184,000 | $ 300,000 |
Mortgage Loan Application Detail Totals for First-Citizens Bank & Trust Co in 2010
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 | 3,651 | $764,260,000 | $209,000 | $13,772,000 | $133,000 | $2,800,000 |
| Home Purchase | 1,888 | $685,814,000 | $363,000 | $38,157,000 | $117,000 | $3,605,000 |
| Home Improvement | 275 | $27,255,000 | $99,000 | $710,000 | $85,000 | $455,000 |
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 | 4,469 | $882,439,000 | $197,000 | $2,300,000 | $132,000 | $3,605,000 |
| Not Provided | 524 | $91,730,000 | $175,000 | $1,375,000 | $165,000 | $1,749,000 |
| Not applicable | 342 | $421,075,000 | $1,231,000 | $38,157,000 | $3,000 | $181,000 |
| Black or African American | 235 | $30,586,000 | $130,000 | $785,000 | $90,000 | $645,000 |
| Asian | 109 | $26,814,000 | $246,000 | $1,639,000 | $160,000 | $2,053,000 |
| Hispanic | 69 | $11,557,000 | $167,000 | $464,000 | $93,000 | $430,000 |
| Native Hawaiian or Other Pacific Islander | 41 | $10,509,000 | $256,000 | $980,000 | $140,000 | $432,000 |
| American Indian or Alaskan Native | 25 | $2,619,000 | $104,000 | $214,000 | $78,000 | $230,000 |
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) | 5,391 | $1,414,945,000 | $262,000 | $38,157,000 | $131,000 | $3,605,000 |
| FHA-insured (Federal Housing Administration) | 340 | $50,937,000 | $149,000 | $666,000 | $64,000 | $521,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 47 | $5,915,000 | $125,000 | $306,000 | $42,000 | $130,000 |
| VA-guaranteed (Veterans Administration) | 36 | $5,532,000 | $153,000 | $296,000 | $70,000 | $211,000 |
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 | 3,613 | $704,062,000 | $194,000 | $1,908,000 | $140,000 | $3,605,000 |
| Application Denied By Financial Institution | 985 | $173,059,000 | $175,000 | $2,300,000 | $91,000 | $2,053,000 |
| Application Withdrawn By Applicant | 621 | $130,219,000 | $209,000 | $1,375,000 | $138,000 | $1,623,000 |
| Loan Purchased By The Institution | 220 | $401,954,000 | $1,827,000 | $38,157,000 | $5,000 | $181,000 |
| Application Approved But Not Accepted | 193 | $30,523,000 | $158,000 | $956,000 | $136,000 | $852,000 |
| File Closed For Incompleteness | 157 | $32,887,000 | $209,000 | $1,770,000 | $119,000 | $1,350,000 |
| Preapproval Denied by Financial Institution | 25 | $4,625,000 | $185,000 | $900,000 | $63,000 | $298,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First-Citizens Bank & Trust Co's 2010 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-Citizens Bank & Trust Co'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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