First Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2003
In 2003, First Citizens Bank & Trust Co of Columbia, SC reported 9,007 mortgage applications totaling $956.0 million. The average application was for $106,142, and applicants reported an average income of $65,169. 85% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Columbia, SC (1,546), Greenville-Spartanburg-Anderson, SC (1,392) and Charleston-North Charleston, SC (847) (applications in parentheses).
| Mortgage Company & Address | First Citizens Bank & Trust Co 1230 Main Street Columbia, SC 29201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 9,007 |
| Total Mortgage Loan Application Amount | $956,021,000 |
| Average Mortgage Loan Application Amount | $106,142 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $65,169 |
| Highest Applicant Income | $2,440,000 |
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records First Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Columbia, SC | 1,546 | $ 176,696,000 | $ 114,292 | $ 65,000 |
| Greenville-Spartanburg-Anderson, SC | 1,392 | $ 143,012,000 | $ 102,738 | $ 69,000 |
| Charleston-North Charleston, SC | 847 | $ 121,608,000 | $ 143,574 | $ 74,000 |
| Myrtle Beach, SC | 546 | $ 57,268,000 | $ 104,886 | $ 53,000 |
| Florence, SC | 247 | $ 21,967,000 | $ 88,935 | $ 57,000 |
| Sumter, SC | 152 | $ 13,780,000 | $ 90,657 | $ 58,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 44 | $ 5,941,000 | $ 135,022 | $ 96,000 |
| Augusta-Aiken, GA-SC | 16 | $ 1,739,000 | $ 108,687 | $ 56,000 |
| Wilmington, NC | 16 | $ 2,375,000 | $ 148,437 | $ 142,000 |
| Greensboro--Winston-Salem--High Point, NC | 8 | $ 838,000 | $ 104,750 | $ 35,000 |
| Raleigh-Durham-Chapel Hill, NC | 8 | $ 1,322,000 | $ 165,250 | $ 115,000 |
| Atlanta, GA | 6 | $ 1,178,000 | $ 196,333 | $ 101,000 |
| Asheville, NC | 5 | $ 850,000 | $ 170,000 | $ 105,000 |
| Hickory-Morganton-Lenoir, NC | 3 | $ 308,000 | $ 102,666 | $ 30,000 |
| Athens, GA | 1 | $ 168,000 | $ 168,000 | $ 69,000 |
| Fayetteville, NC | 1 | $ 120,000 | $ 120,000 | $ 77,000 |
| Reading, PA | 1 | $ 297,000 | $ 297,000 | $ 104,000 |
| Richmond-Petersburg, VA | 1 | $ 74,000 | $ 74,000 | $ 27,000 |
| Savannah, GA | 1 | $ 243,000 | $ 243,000 | $ 233,000 |
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) | 6,586 | $684,740,000 | $125,333 | $1,279,000 | $79,000 | $1,902,000 |
| Home Purchase (one-to-four family) | 2,215 | $260,186,000 | $114,750 | $1,800,000 | $72,500 | $2,440,000 |
| Home Improvement (one-to-four family) | 197 | $9,299,000 | $125,666 | $324,000 | $86,333 | $1,140,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 9 | $1,796,000 | $199,000 | $384,000 | $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 | 6,388 | $676,460,000 | $148,600 | $1,500,000 | $79,200 | $2,440,000 |
| Information not provided by applicant in mail or telephone application | 1,775 | $209,266,000 | $143,000 | $930,000 | $81,333 | $1,443,000 |
| Black | 622 | $44,552,000 | $81,666 | $385,000 | $54,333 | $235,000 |
| Asian or Pacific Islander | 68 | $7,253,000 | $114,000 | $350,000 | $52,000 | $211,000 |
| Not applicable | 65 | $10,578,000 | $148,500 | $1,800,000 | $1,000 | $211,000 |
| Hispanic | 52 | $4,378,000 | $79,500 | $300,000 | $35,000 | $141,000 |
| American Indian or Alaskan Native | 19 | $1,726,000 | $90,000 | $320,000 | $51,000 | $120,000 |
| Other | 18 | $1,808,000 | $100,000 | $500,000 | $85,000 | $424,000 |
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) | 8,955 | $951,863,000 | $168,250 | $1,800,000 | $87,000 | $2,440,000 |
| FHA-insured (Federal Housing Administration) | 37 | $2,616,000 | $72,000 | $128,000 | $27,500 | $73,000 |
| VA-guaranteed (Veterans Administration) | 15 | $1,542,000 | $102,000 | $160,000 | $40,000 | $77,000 |
| 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 | 7,623 | $792,520,000 | $167,000 | $1,800,000 | $90,000 | $1,902,000 |
| Application Withdrawn By Applicant | 788 | $102,915,000 | $144,000 | $890,000 | $68,333 | $496,000 |
| Application Denied By Financial Institution | 484 | $46,093,000 | $101,000 | $500,000 | $34,500 | $2,440,000 |
| Application Approved But Not Accepted | 83 | $10,736,000 | $100,666 | $1,388,000 | $42,000 | $450,000 |
| File Closed For Incompleteness | 29 | $3,757,000 | $143,000 | $390,000 | $80,000 | $375,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 222 | $16,955,000 | $46,500 | $447,000 | $33,000 | $231,000 |
| Debt-To-Income Ratio | 201 | $23,174,000 | $140,500 | $500,000 | $28,000 | $206,000 |
| Collateral | 29 | $2,888,000 | $99,000 | $371,000 | $60,000 | $171,000 |
| Other | 20 | $1,514,000 | $75,000 | $188,000 | $149,000 | $2,440,000 |
| Unverifiable Information | 4 | $635,000 | $158,000 | $253,000 | $58,000 | $100,000 |
| Employment History | 4 | $381,000 | $95,000 | $207,000 | $18,000 | $34,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $546,000 | $136,000 | $173,000 | $53,000 | $61,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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