First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2008
In 2008, First-Citizens Bank & Trust Co of Raleigh, NC reported 4,770 mortgage applications totaling $898.3 million, down 5% from 2007. The average application was for $188,321, and applicants reported an average income of $109,646. 64% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Raleigh-Cary, NC (491), Asheville, NC (366) and Hickory-Lenoir-Morganton, NC (285) (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 | 4,770 |
| Total Mortgage Loan Application Amount | $898,293,000 |
| Average Mortgage Loan Application Amount | $188,321 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $109,646 |
| Highest Applicant Income | $2,683,000 |
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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 491 | $ 96,682,000 | $ 196,908 | $ 116,000 |
| Asheville, NC | 366 | $ 85,087,000 | $ 232,478 | $ 110,000 |
| Hickory-Lenoir-Morganton, NC | 285 | $ 36,837,000 | $ 129,252 | $ 87,000 |
| Charlotte-Gastonia-Concord, NC-SC | 258 | $ 52,282,000 | $ 202,643 | $ 113,728 |
| Wilmington, NC | 256 | $ 66,890,000 | $ 261,289 | $ 144,000 |
| Greensboro-High Point, NC | 160 | $ 27,194,000 | $ 169,962 | $ 93,000 |
| Winston-Salem, NC | 154 | $ 27,540,000 | $ 178,831 | $ 115,000 |
| Roanoke, VA | 139 | $ 25,379,000 | $ 182,582 | $ 99,000 |
| Greenville, NC | 133 | $ 31,120,000 | $ 233,984 | $ 117,000 |
| Fayetteville, NC | 105 | $ 14,550,000 | $ 138,571 | $ 105,000 |
| Jacksonville, NC | 103 | $ 14,852,000 | $ 144,194 | $ 75,000 |
| Danville, VA | 95 | $ 13,730,000 | $ 144,526 | $ 77,000 |
| Durham, NC | 71 | $ 17,106,000 | $ 240,929 | $ 184,000 |
| Lynchburg, VA | 71 | $ 12,651,000 | $ 178,183 | $ 100,000 |
| Goldsboro, NC | 41 | $ 5,529,000 | $ 134,853 | $ 78,000 |
| Richmond, VA | 39 | $ 9,252,000 | $ 237,230 | $ 125,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 38 | $ 10,098,000 | $ 265,736 | $ 135,000 |
| Blacksburg-Christiansburg-Radford, VA | 32 | $ 6,220,000 | $ 194,375 | $ 167,000 |
| Charlottesville, VA | 31 | $ 9,036,000 | $ 291,483 | $ 167,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 24 | $ 6,579,000 | $ 274,125 | $ 206,000 |
| Rocky Mount, NC | 22 | $ 3,005,000 | $ 136,590 | $ 160,000 |
| Knoxville, TN | 21 | $ 7,092,000 | $ 337,714 | $ 200,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 19 | $ 3,114,000 | $ 163,894 | $ 93,000 |
| Baltimore-Towson, MD | 18 | $ 4,923,000 | $ 273,500 | $ 77,000 |
| Harrisonburg, VA | 18 | $ 4,022,000 | $ 223,444 | $ 87,000 |
| Greenville-Mauldin-Easley, SC | 8 | $ 2,574,000 | $ 321,750 | $ 257,000 |
| Atlanta-Sandy Springs-Marietta, GA | 6 | $ 897,000 | $ 149,500 | $ 119,000 |
| Winchester, VA-WV | 5 | $ 787,000 | $ 157,400 | $ 39,000 |
| Austin-Round Rock, TX | 4 | $ 975,000 | $ 243,750 | $ 180,000 |
| Naples-Marco Island, FL | 4 | $ 1,044,000 | $ 261,000 | $ 287,000 |
| Florence, SC | 3 | $ 596,000 | $ 198,666 | $ 65,000 |
| Johnson City, TN | 3 | $ 269,000 | $ 89,666 | $ 45,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 798,000 | $ 266,000 | $ 165,000 |
| Bradenton-Sarasota-Venice, FL | 2 | $ 294,000 | $ 147,000 | $ 119,000 |
| Burlington, NC | 2 | $ 557,000 | $ 278,500 | $ 116,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 740,000 | $ 370,000 | $ 251,000 |
| Chattanooga, TN-GA | 2 | $ 712,000 | $ 356,000 | $ 609,000 |
| Columbia, SC | 2 | $ 617,000 | $ 308,500 | $ 81,000 |
| Denver-Aurora, CO | 2 | $ 475,000 | $ 237,500 | $ 189,000 |
| Jacksonville, FL | 2 | $ 640,000 | $ 320,000 | $ 180,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 486,000 | $ 243,000 | $ 250,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 602,000 | $ 301,000 | $ 103,000 |
| Anderson, SC | 1 | $ 400,000 | $ 400,000 | $ 104,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 195,000 | $ 195,000 | $ 56,000 |
| Dallas-Plano-Irving, TX | 1 | $ 350,000 | $ 350,000 | $ 395,000 |
| Fort Worth-Arlington, TX | 1 | $ 95,000 | $ 95,000 | $ 28,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 80,000 | $ 80,000 | $ 86,000 |
| Palm Coast, FL | 1 | $ 700,000 | $ 700,000 | $ 320,000 |
| Prescott, AZ | 1 | $ 162,000 | $ 162,000 | $ 69,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 154,000 | $ 154,000 | $ 243,000 |
| San Antonio, TX | 1 | $ 116,000 | $ 116,000 | $ 56,000 |
| Santa Fe, NM | 1 | $ 328,000 | $ 328,000 | $ 96,000 |
| Vallejo-Fairfield, CA | 1 | $ 190,000 | $ 190,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for First-Citizens Bank & Trust Co in 2008
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 | 2,374 | $456,481,000 | $192,000 | $3,000,000 | $106,000 | $2,505,000 |
| Home Purchase | 2,062 | $402,005,000 | $194,000 | $2,600,000 | $118,000 | $2,683,000 |
| Home Improvement | 334 | $39,807,000 | $119,000 | $863,000 | $84,000 | $1,120,000 |
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 | 3,794 | $724,256,000 | $190,000 | $3,000,000 | $114,000 | $2,505,000 |
| Black or African American | 314 | $36,188,000 | $115,000 | $900,000 | $70,000 | $665,000 |
| Not Provided | 247 | $48,431,000 | $196,000 | $1,028,000 | $156,000 | $2,683,000 |
| Not applicable | 196 | $40,480,000 | $206,000 | $1,650,000 | $6,000 | $100,000 |
| Hispanic | 77 | $13,034,000 | $169,000 | $1,800,000 | $88,000 | $698,000 |
| Asian | 76 | $24,097,000 | $317,000 | $2,000,000 | $182,000 | $1,866,000 |
| American Indian or Alaskan Native | 36 | $3,751,000 | $104,000 | $317,000 | $61,000 | $136,000 |
| Native Hawaiian or Other Pacific Islander | 30 | $8,056,000 | $268,000 | $1,225,000 | $189,000 | $714,000 |
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) | 4,580 | $873,769,000 | $190,000 | $3,000,000 | $112,000 | $2,683,000 |
| FHA-insured (Federal Housing Administration) | 169 | $20,725,000 | $122,000 | $407,000 | $49,000 | $250,000 |
| VA-guaranteed (Veterans Administration) | 19 | $3,356,000 | $176,000 | $485,000 | $63,000 | $134,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $443,000 | $221,000 | $385,000 | $222,000 | $400,000 |
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 | 3,074 | $617,097,000 | $200,000 | $3,000,000 | $123,000 | $2,683,000 |
| Application Denied By Financial Institution | 790 | $106,070,000 | $134,000 | $2,600,000 | $69,000 | $1,492,000 |
| Application Withdrawn By Applicant | 372 | $82,443,000 | $221,000 | $2,227,000 | $126,000 | $912,000 |
| Application Approved But Not Accepted | 309 | $51,667,000 | $167,000 | $775,000 | $90,000 | $942,000 |
| File Closed For Incompleteness | 146 | $29,463,000 | $201,000 | $995,000 | $90,000 | $570,000 |
| Loan Purchased By The Institution | 42 | $6,111,000 | $145,000 | $265,000 | $41,000 | $73,000 |
| Preapproval Denied by Financial Institution | 37 | $5,442,000 | $147,000 | $360,000 | $57,000 | $309,000 |
| 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 2008 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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