First Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2005
In 2005, First Citizens Bank & Trust Co of Columbia, SC reported 6,105 mortgage applications totaling $726.7 million, up 9% from 2004. The average application was for $119,038, and applicants reported an average income of $68,310. 73% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Columbia, SC (1,003), Charleston-North Charleston, SC (580) and Spartanburg, SC (395) (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 | 6,105 |
| Total Mortgage Loan Application Amount | $726,732,000 |
| Average Mortgage Loan Application Amount | $119,038 |
| Highest Mortgage Loan Application Amount | $1,643,000 |
| Average Applicant Income | $68,310 |
| Highest Applicant Income | $4,768,000 |
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records First Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,003 | $ 123,904,000 | $ 123,533 | $ 73,000 |
| Charleston-North Charleston, SC | 580 | $ 107,741,000 | $ 185,760 | $ 89,000 |
| Spartanburg, SC | 395 | $ 43,017,000 | $ 108,903 | $ 58,000 |
| Greenville, SC | 390 | $ 46,296,000 | $ 118,707 | $ 55,000 |
| Florence, SC | 380 | $ 40,266,000 | $ 105,963 | $ 72,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 342 | $ 54,275,000 | $ 158,698 | $ 71,000 |
| Anderson, SC | 218 | $ 22,816,000 | $ 104,660 | $ 55,000 |
| Sumter, SC | 100 | $ 9,288,000 | $ 92,880 | $ 63,000 |
| Augusta-Richmond County, GA-SC | 63 | $ 5,684,000 | $ 90,222 | $ 59,000 |
| Charlotte-Gastonia-Concord, NC-SC | 34 | $ 4,791,000 | $ 140,911 | $ 74,000 |
| Wilmington, NC | 12 | $ 3,870,000 | $ 322,500 | $ 181,000 |
| Athens-Clarke County, GA | 8 | $ 1,166,000 | $ 145,750 | $ 98,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 1,041,000 | $ 208,200 | $ 118,000 |
| Raleigh-Cary, NC | 3 | $ 555,000 | $ 185,000 | $ 56,000 |
| Durham, NC | 2 | $ 404,000 | $ 202,000 | $ 92,000 |
| Asheville, NC | 1 | $ 120,000 | $ 120,000 | $ 89,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 268,000 | $ 268,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 154,000 | $ 154,000 | $ 85,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 100,000 | $ 100,000 | $ 101,000 |
| Winston-Salem, NC | 1 | $ 100,000 | $ 100,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for First Citizens Bank & Trust Co in 2005
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 | 2,961 | $377,425,000 | $140,000 | $1,643,000 | $80,333 | $4,768,000 |
| Refinancing | 2,777 | $328,430,000 | $153,500 | $1,151,000 | $54,250 | $1,380,000 |
| Home Improvement | 367 | $20,877,000 | $46,666 | $706,000 | $58,333 | $1,445,000 |
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 | 4,765 | $596,412,000 | $129,666 | $1,643,000 | $78,666 | $4,768,000 |
| Black or African American | 646 | $48,845,000 | $51,333 | $800,000 | $42,000 | $1,500,000 |
| Not Provided | 431 | $47,454,000 | $90,000 | $1,151,000 | $80,000 | $810,000 |
| Hispanic | 93 | $10,062,000 | $148,000 | $650,000 | $82,666 | $375,000 |
| Asian | 87 | $10,137,000 | $111,666 | $500,000 | $128,666 | $1,360,000 |
| Not applicable | 54 | $9,800,000 | $223,500 | $961,000 | $0 | $0 |
| American Indian or Alaskan Native | 25 | $3,170,000 | $126,000 | $535,000 | $69,000 | $397,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $852,000 | $213,000 | $360,000 | $146,000 | $373,000 |
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) | 6,032 | $719,253,000 | $159,250 | $1,643,000 | $56,250 | $4,768,000 |
| FHA-insured (Federal Housing Administration) | 44 | $4,036,000 | $107,000 | $192,000 | $38,000 | $110,000 |
| VA-guaranteed (Veterans Administration) | 29 | $3,443,000 | $116,000 | $250,000 | $41,500 | $108,000 |
| 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 | 4,445 | $534,480,000 | $164,000 | $1,643,000 | $65,250 | $3,600,000 |
| Application Approved But Not Accepted | 849 | $110,406,000 | $118,666 | $800,000 | $75,000 | $4,768,000 |
| Application Denied By Financial Institution | 760 | $74,350,000 | $100,666 | $978,000 | $39,666 | $1,200,000 |
| Application Withdrawn By Applicant | 50 | $7,396,000 | $174,000 | $585,000 | $92,500 | $750,000 |
| File Closed For Incompleteness | 1 | $100,000 | $100,000 | $100,000 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 299 | $34,324,000 | $111,666 | $978,000 | $32,000 | $550,000 |
| Credit History | 279 | $25,932,000 | $95,666 | $600,000 | $37,666 | $468,000 |
| Other | 153 | $10,356,000 | $80,000 | $305,000 | $58,666 | $793,000 |
| Collateral | 21 | $2,557,000 | $91,000 | $304,000 | $82,000 | $1,200,000 |
| Employment History | 5 | $582,000 | $121,500 | $192,000 | $31,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $217,000 | $108,000 | $129,000 | $51,000 | $54,000 |
| Unverifiable Information | 1 | $382,000 | $382,000 | $382,000 | $227,000 | $227,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Citizens Bank & Trust Co's 2005 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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