First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2006
In 2006, First-Citizens Bank & Trust Co of Raleigh, NC reported 5,605 mortgage applications totaling $939.7 million, up 2% from 2005. The average application was for $167,648, and applicants reported an average income of $107,142. 72% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Raleigh-Cary, NC (505), Asheville, NC (406) and Wilmington, NC (332) (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 | 5,605 |
| Total Mortgage Loan Application Amount | $939,670,000 |
| Average Mortgage Loan Application Amount | $167,648 |
| Highest Mortgage Loan Application Amount | $2,677,000 |
| Average Applicant Income | $107,142 |
| Highest Applicant Income | $6,332,000 |
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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 505 | $ 93,574,000 | $ 185,295 | $ 116,000 |
| Asheville, NC | 406 | $ 74,056,000 | $ 182,403 | $ 88,000 |
| Wilmington, NC | 332 | $ 98,063,000 | $ 295,370 | $ 170,000 |
| Charlotte-Gastonia-Concord, NC-SC | 304 | $ 55,162,000 | $ 181,453 | $ 89,378 |
| Hickory-Lenoir-Morganton, NC | 287 | $ 40,623,000 | $ 141,543 | $ 94,000 |
| Greensboro-High Point, NC | 201 | $ 24,258,000 | $ 120,686 | $ 78,000 |
| Roanoke, VA | 199 | $ 28,865,000 | $ 145,050 | $ 96,000 |
| Fayetteville, NC | 177 | $ 24,594,000 | $ 138,949 | $ 113,000 |
| Greenville, NC | 177 | $ 33,425,000 | $ 188,841 | $ 102,000 |
| Winston-Salem, NC | 174 | $ 19,526,000 | $ 112,218 | $ 93,000 |
| Danville, VA | 127 | $ 16,267,000 | $ 128,086 | $ 82,000 |
| Jacksonville, NC | 123 | $ 20,299,000 | $ 165,032 | $ 105,000 |
| Durham, NC | 83 | $ 17,076,000 | $ 205,734 | $ 126,000 |
| Lynchburg, VA | 66 | $ 7,802,000 | $ 118,212 | $ 73,000 |
| Charlottesville, VA | 47 | $ 10,782,000 | $ 229,404 | $ 118,000 |
| Goldsboro, NC | 47 | $ 3,566,000 | $ 75,872 | $ 78,000 |
| Blacksburg-Christiansburg-Radford, VA | 38 | $ 3,231,000 | $ 85,026 | $ 573,000 |
| Harrisonburg, VA | 35 | $ 5,698,000 | $ 162,800 | $ 69,000 |
| Nashville-Davidson--Murfreesboro, TN | 30 | $ 4,390,000 | $ 146,333 | $ 166,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 28 | $ 7,000,000 | $ 250,000 | $ 174,000 |
| Richmond, VA | 28 | $ 7,405,000 | $ 264,464 | $ 155,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 25 | $ 7,574,000 | $ 302,960 | $ 148,680 |
| Rocky Mount, NC | 16 | $ 1,177,000 | $ 73,562 | $ 50,000 |
| Baltimore-Towson, MD | 15 | $ 3,672,000 | $ 244,800 | $ 130,000 |
| Winchester, VA-WV | 11 | $ 5,893,000 | $ 535,727 | $ 200,000 |
| Charleston-North Charleston, SC | 10 | $ 5,562,000 | $ 556,200 | $ 270,000 |
| Spartanburg, SC | 9 | $ 844,000 | $ 93,777 | $ 69,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 1,454,000 | $ 207,714 | $ 206,142 |
| Austin-Round Rock, TX | 6 | $ 3,612,000 | $ 602,000 | $ 370,000 |
| Johnson City, TN | 5 | $ 343,000 | $ 68,600 | $ 39,000 |
| Anderson, SC | 4 | $ 342,000 | $ 85,500 | $ 138,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 1,270,000 | $ 317,500 | $ 160,000 |
| Burlington, NC | 4 | $ 311,000 | $ 77,750 | $ 192,000 |
| Columbia, SC | 3 | $ 582,000 | $ 194,000 | $ 157,000 |
| Charleston, WV | 2 | $ 734,000 | $ 367,000 | $ 131,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 264,000 | $ 264,000 | $ 76,000 |
| Greenville, SC | 1 | $ 232,000 | $ 232,000 | $ 110,000 |
| Knoxville, TN | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Morristown, TN | 1 | $ 152,000 | $ 152,000 | $ 103,000 |
| Naples-Marco Island, FL | 1 | $ 1,428,000 | $ 1,428,000 | $ 471,000 |
| Rome, GA | 1 | $ 72,000 | $ 72,000 | $ 126,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 148,000 | $ 148,000 | $ 120,000 |
| York-Hanover, PA | 1 | $ 65,000 | $ 65,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for First-Citizens Bank & Trust Co in 2006
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 | 3,017 | $551,522,000 | $182,000 | $2,677,000 | $115,000 | $6,332,000 |
| Refinancing | 2,130 | $353,817,000 | $166,000 | $2,600,000 | $104,000 | $4,281,000 |
| Home Improvement | 458 | $34,331,000 | $74,000 | $1,190,000 | $70,000 | $713,000 |
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 | 4,466 | $765,802,000 | $171,000 | $2,677,000 | $113,000 | $6,332,000 |
| Black or African American | 422 | $40,994,000 | $97,000 | $860,000 | $64,000 | $655,000 |
| Not Provided | 297 | $59,761,000 | $201,000 | $2,600,000 | $124,000 | $2,066,000 |
| Not applicable | 163 | $29,533,000 | $181,000 | $1,432,000 | $0 | $0 |
| Hispanic | 118 | $14,227,000 | $120,000 | $780,000 | $73,000 | $820,000 |
| Asian | 75 | $20,285,000 | $270,000 | $1,774,000 | $186,000 | $864,000 |
| American Indian or Alaskan Native | 51 | $5,249,000 | $102,000 | $735,000 | $84,000 | $391,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $3,819,000 | $293,000 | $1,500,000 | $356,000 | $2,005,000 |
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) | 5,594 | $938,522,000 | $167,000 | $2,677,000 | $107,000 | $6,332,000 |
| FHA-insured (Federal Housing Administration) | 6 | $679,000 | $113,000 | $158,000 | $43,000 | $83,000 |
| VA-guaranteed (Veterans Administration) | 5 | $469,000 | $93,000 | $121,000 | $30,000 | $32,000 |
| 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 | 4,035 | $714,612,000 | $177,000 | $2,677,000 | $115,000 | $6,332,000 |
| Application Denied By Financial Institution | 847 | $89,427,000 | $105,000 | $1,428,000 | $64,000 | $808,000 |
| Application Withdrawn By Applicant | 307 | $64,262,000 | $209,000 | $1,346,000 | $119,000 | $1,852,000 |
| Application Approved But Not Accepted | 255 | $42,579,000 | $166,000 | $2,600,000 | $132,000 | $2,189,000 |
| File Closed For Incompleteness | 87 | $18,527,000 | $212,000 | $1,260,000 | $119,000 | $780,000 |
| Loan Purchased By The Institution | 40 | $5,435,000 | $135,000 | $285,000 | $40,000 | $104,000 |
| Preapproval Denied by Financial Institution | 34 | $4,828,000 | $142,000 | $524,000 | $35,000 | $128,000 |
| 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 2006 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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