First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2004
In 2004, First-Citizens Bank & Trust Co of Raleigh, NC reported 6,417 mortgage applications totaling $919.2 million, down 33% from 2003. The average application was for $143,244, and applicants reported an average income of $79,174. 71% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Raleigh-Cary, NC (532), Wilmington, NC (417) and Asheville, NC (391) (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 | 6,417 |
| Total Mortgage Loan Application Amount | $919,203,000 |
| Average Mortgage Loan Application Amount | $143,244 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $79,174 |
| Highest Applicant Income | $3,000,000 |
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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 532 | $ 90,013,000 | $ 169,197 | $ 80,000 |
| Wilmington, NC | 417 | $ 85,541,000 | $ 205,134 | $ 96,000 |
| Asheville, NC | 391 | $ 72,107,000 | $ 184,416 | $ 83,000 |
| Charlotte-Gastonia-Concord, NC-SC | 317 | $ 54,327,000 | $ 171,378 | $ 67,000 |
| Hickory-Lenoir-Morganton, NC | 297 | $ 33,516,000 | $ 112,848 | $ 59,000 |
| Greensboro-High Point, NC | 238 | $ 33,986,000 | $ 142,798 | $ 58,000 |
| Greenville, NC | 236 | $ 34,137,000 | $ 144,648 | $ 88,000 |
| Fayetteville, NC | 231 | $ 33,206,000 | $ 143,748 | $ 114,000 |
| Winston-Salem, NC | 207 | $ 28,970,000 | $ 139,951 | $ 72,000 |
| Roanoke, VA | 166 | $ 24,570,000 | $ 148,012 | $ 65,000 |
| Jacksonville, NC | 144 | $ 17,306,000 | $ 120,180 | $ 84,000 |
| Durham, NC | 116 | $ 22,117,000 | $ 190,663 | $ 73,000 |
| Danville, VA | 108 | $ 11,663,000 | $ 107,990 | $ 84,000 |
| Lynchburg, VA | 78 | $ 9,917,000 | $ 127,141 | $ 60,000 |
| Goldsboro, NC | 67 | $ 7,218,000 | $ 107,731 | $ 75,000 |
| Charlottesville, VA | 56 | $ 9,656,000 | $ 172,428 | $ 75,000 |
| Blacksburg-Christiansburg-Radford, VA | 46 | $ 5,500,000 | $ 119,565 | $ 189,000 |
| Harrisonburg, VA | 41 | $ 5,821,000 | $ 141,975 | $ 68,000 |
| Richmond, VA | 37 | $ 4,512,000 | $ 121,945 | $ 62,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 23 | $ 4,120,000 | $ 179,130 | $ 138,000 |
| Rocky Mount, NC | 22 | $ 2,613,000 | $ 118,772 | $ 96,000 |
| Charleston-North Charleston, SC | 11 | $ 3,490,000 | $ 317,272 | $ 243,000 |
| Winchester, VA-WV | 10 | $ 2,342,000 | $ 234,200 | $ 170,000 |
| Burlington, NC | 8 | $ 956,000 | $ 119,500 | $ 78,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,540,000 | $ 308,000 | $ 174,000 |
| Greenville, SC | 4 | $ 1,339,000 | $ 334,750 | $ 181,000 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 1,011,000 | $ 337,000 | $ 74,000 |
| Charleston, WV | 3 | $ 451,000 | $ 150,333 | $ 126,000 |
| Columbia, SC | 2 | $ 251,000 | $ 125,500 | $ 60,000 |
| Jacksonville, FL | 2 | $ 128,000 | $ 64,000 | $ 57,000 |
| Naples-Marco Island, FL | 2 | $ 1,218,000 | $ 609,000 | $ 551,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 176,000 | $ 88,000 | $ 87,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 33,000 | $ 33,000 | $ 215,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 409,000 | $ 409,000 | $ 250,000 |
| Johnson City, TN | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Macon, GA | 1 | $ 70,000 | $ 70,000 | $ 19,000 |
| Panama City-Lynn Haven, FL | 1 | $ 228,000 | $ 228,000 | $ 151,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 350,000 | $ 350,000 | $ 1,799,000 |
| Punta Gorda, FL | 1 | $ 148,000 | $ 148,000 | $ 125,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 560,000 | $ 560,000 | $ 763,000 |
| Savannah, GA | 1 | $ 280,000 | $ 280,000 | $ 456,000 |
| Spartanburg, SC | 1 | $ 270,000 | $ 270,000 | $ 80,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 320,000 | $ 320,000 | $ 137,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 943,000 | $ 943,000 | $ 1,421,000 |
Mortgage Loan Application Detail Totals for First-Citizens Bank & Trust Co in 2004
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 | 3,411 | $490,057,000 | $197,125 | $1,800,000 | $106,750 | $2,000,000 |
| Refinancing | 2,671 | $409,679,000 | $206,666 | $1,800,000 | $186,000 | $3,000,000 |
| Home Improvement | 335 | $19,467,000 | $69,500 | $570,000 | $79,666 | $2,256,000 |
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 | 5,057 | $739,014,000 | $169,000 | $1,800,000 | $138,142 | $3,000,000 |
| Black or African American | 558 | $50,932,000 | $80,500 | $1,000,000 | $108,333 | $1,000,000 |
| Not applicable | 276 | $51,049,000 | $386,000 | $1,800,000 | $500 | $632,000 |
| Not Provided | 191 | $39,993,000 | $204,400 | $1,230,000 | $121,000 | $1,316,000 |
| Hispanic | 169 | $13,952,000 | $62,333 | $732,000 | $47,000 | $638,000 |
| Asian | 81 | $14,876,000 | $334,800 | $990,000 | $389,600 | $1,181,000 |
| American Indian or Alaskan Native | 79 | $8,588,000 | $100,666 | $1,000,000 | $82,333 | $658,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $799,000 | $195,000 | $368,000 | $100,666 | $238,000 |
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) | 6,412 | $918,696,000 | $194,250 | $1,800,000 | $117,250 | $3,000,000 |
| FHA-insured (Federal Housing Administration) | 3 | $331,000 | $110,000 | $153,000 | $41,000 | $56,000 |
| VA-guaranteed (Veterans Administration) | 2 | $176,000 | $88,000 | $89,000 | $29,000 | $35,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 4,543 | $717,338,000 | $220,714 | $1,800,000 | $136,428 | $3,000,000 |
| Application Denied By Financial Institution | 1,120 | $87,698,000 | $121,333 | $1,800,000 | $69,000 | $1,000,000 |
| Application Approved But Not Accepted | 336 | $41,357,000 | $100,333 | $1,000,000 | $85,500 | $2,000,000 |
| Application Withdrawn By Applicant | 272 | $50,899,000 | $201,600 | $1,750,000 | $169,200 | $1,421,000 |
| File Closed For Incompleteness | 100 | $18,165,000 | $310,800 | $1,250,000 | $275,400 | $1,000,000 |
| Loan Purchased By The Institution | 23 | $2,053,000 | $77,000 | $199,000 | $33,000 | $69,000 |
| Preapproval Denied by Financial Institution | 23 | $1,693,000 | $73,000 | $146,000 | $35,000 | $251,000 |
| 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 2004 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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