First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2003
In 2003, First-Citizens Bank & Trust Co of Raleigh, NC reported 9,540 mortgage applications totaling $1.3 billion. The average application was for $135,907, and applicants reported an average income of $82,358. 77% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Raleigh-Durham-Chapel Hill, NC (1,122), Greensboro--Winston-Salem--High Point, NC (832) and Charlotte-Gastonia-Rock Hill, NC-SC (545) (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 | 9,540 |
| Total Mortgage Loan Application Amount | $1,296,560,000 |
| Average Mortgage Loan Application Amount | $135,907 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $82,358 |
| Highest Applicant Income | $5,347,000 |
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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Durham-Chapel Hill, NC | 1,122 | $ 180,945,000 | $ 161,270 | $ 77,000 |
| Greensboro--Winston-Salem--High Point, NC | 832 | $ 120,797,000 | $ 145,188 | $ 75,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 545 | $ 83,449,000 | $ 153,117 | $ 73,000 |
| Hickory-Morganton-Lenoir, NC | 487 | $ 54,156,000 | $ 111,203 | $ 65,000 |
| Wilmington, NC | 476 | $ 93,571,000 | $ 196,577 | $ 132,000 |
| Asheville, NC | 374 | $ 69,698,000 | $ 186,358 | $ 73,000 |
| Danville, VA | 226 | $ 24,134,000 | $ 106,787 | $ 55,000 |
| Fayetteville, NC | 224 | $ 21,495,000 | $ 95,959 | $ 123,000 |
| Jacksonville, NC | 224 | $ 25,446,000 | $ 113,598 | $ 118,000 |
| Greenville, NC | 202 | $ 34,336,000 | $ 169,980 | $ 64,000 |
| Roanoke, VA | 188 | $ 24,419,000 | $ 129,888 | $ 54,000 |
| Lynchburg, VA | 115 | $ 14,299,000 | $ 124,339 | $ 58,000 |
| Goldsboro, NC | 63 | $ 6,087,000 | $ 96,619 | $ 102,000 |
| Charlottesville, VA | 52 | $ 10,592,000 | $ 203,692 | $ 102,000 |
| Myrtle Beach, SC | 28 | $ 3,935,000 | $ 140,535 | $ 134,000 |
| Rocky Mount, NC | 28 | $ 3,926,000 | $ 140,214 | $ 81,000 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 19 | $ 2,271,000 | $ 119,526 | $ 94,000 |
| Richmond-Petersburg, VA | 18 | $ 2,844,000 | $ 158,000 | $ 73,000 |
| Charleston-North Charleston, SC | 17 | $ 4,455,000 | $ 262,058 | $ 164,000 |
| Greenville-Spartanburg-Anderson, SC | 7 | $ 1,004,000 | $ 143,428 | $ 93,000 |
| Atlanta, GA | 3 | $ 687,000 | $ 229,000 | $ 389,000 |
| Columbia, SC | 3 | $ 658,000 | $ 219,333 | $ 101,000 |
| Johnson City-Kingsport-Bristol, TN-VA | 2 | $ 212,000 | $ 106,000 | $ 0 |
| West Palm Beach-Boca Raton, FL | 2 | $ 765,000 | $ 382,500 | $ 123,000 |
| Charleston, WV | 1 | $ 150,000 | $ 150,000 | $ 200,000 |
| Fort Myers-Cape Coral, FL | 1 | $ 135,000 | $ 135,000 | $ 128,000 |
| Melbourne-Titusville-Palm Bay, FL | 1 | $ 50,000 | $ 50,000 | $ 23,000 |
| Miami, FL | 1 | $ 177,000 | $ 177,000 | $ 68,000 |
| Naples, FL | 1 | $ 20,000 | $ 20,000 | $ 86,000 |
| Ocala, FL | 1 | $ 110,000 | $ 110,000 | $ 200,000 |
| Panama City, FL | 1 | $ 273,000 | $ 273,000 | $ 494,000 |
| Savannah, GA | 1 | $ 448,000 | $ 448,000 | $ 150,000 |
| Toledo, OH | 1 | $ 55,000 | $ 55,000 | $ 110,000 |
Mortgage Loan Application Detail Totals for First-Citizens Bank & Trust Co 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) | 6,276 | $885,571,000 | $154,125 | $1,680,000 | $157,250 | $4,134,000 |
| Home Purchase (one-to-four family) | 3,210 | $388,864,000 | $144,375 | $1,751,000 | $146,125 | $5,347,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 54 | $22,125,000 | $326,333 | $2,400,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 7,800 | $1,059,631,000 | $146,888 | $1,751,000 | $161,555 | $5,347,000 |
| Black | 594 | $48,564,000 | $107,000 | $550,000 | $67,400 | $578,000 |
| Information not provided by applicant in mail or telephone application | 516 | $101,389,000 | $230,500 | $1,000,000 | $151,500 | $2,016,000 |
| Not applicable | 293 | $45,330,000 | $103,200 | $2,400,000 | $0 | $0 |
| Hispanic | 147 | $13,244,000 | $124,000 | $521,000 | $66,000 | $777,000 |
| Asian or Pacific Islander | 88 | $15,332,000 | $199,000 | $631,000 | $141,000 | $1,192,000 |
| American Indian or Alaskan Native | 72 | $6,713,000 | $105,000 | $1,000,000 | $100,600 | $524,000 |
| Other | 30 | $6,357,000 | $165,333 | $870,000 | $337,000 | $770,000 |
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) | 9,540 | $1,296,560,000 | $144,666 | $2,400,000 | $154,555 | $5,347,000 |
| 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 | 7,323 | $1,061,572,000 | $160,750 | $2,400,000 | $222,375 | $5,347,000 |
| Application Denied By Financial Institution | 1,382 | $121,793,000 | $92,625 | $1,500,000 | $60,500 | $1,181,000 |
| Application Withdrawn By Applicant | 419 | $65,854,000 | $198,800 | $1,000,000 | $85,800 | $850,000 |
| Application Approved But Not Accepted | 264 | $31,083,000 | $145,500 | $1,000,000 | $93,000 | $1,320,000 |
| File Closed For Incompleteness | 89 | $13,867,000 | $138,750 | $639,000 | $127,000 | $651,000 |
| Loan Purchased By The Institution | 63 | $2,391,000 | $37,500 | $190,000 | $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 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 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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