First Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2006
In 2006, First Citizens Bank & Trust Co of Columbia, SC reported 6,531 mortgage applications totaling $798.9 million, up 7% from 2005. The average application was for $122,329, and applicants reported an average income of $85,178. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Columbia, SC (1,034), Charleston-North Charleston, SC (587) and Greenville, SC (463) (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 | 6,531 |
| Total Mortgage Loan Application Amount | $798,933,000 |
| Average Mortgage Loan Application Amount | $122,329 |
| Highest Mortgage Loan Application Amount | $2,750,000 |
| Average Applicant Income | $85,178 |
| Highest Applicant Income | $5,403,000 |
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records First Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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 | 3,141 | $421,688,000 | $134,000 | $2,750,000 | $90,000 | $5,403,000 |
| Refinancing | 2,905 | $350,004,000 | $120,000 | $2,120,000 | $83,000 | $2,320,000 |
| Home Improvement | 485 | $27,241,000 | $56,000 | $599,000 | $67,000 | $778,000 |
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 | 5,087 | $647,832,000 | $127,000 | $2,425,000 | $88,000 | $5,403,000 |
| Black or African American | 711 | $52,360,000 | $73,000 | $974,000 | $59,000 | $1,500,000 |
| Not Provided | 481 | $57,385,000 | $119,000 | $830,000 | $114,000 | $2,320,000 |
| Hispanic | 76 | $6,245,000 | $82,000 | $283,000 | $59,000 | $360,000 |
| Not applicable | 74 | $18,346,000 | $247,000 | $2,750,000 | $0 | $0 |
| Asian | 71 | $12,955,000 | $182,000 | $2,120,000 | $82,000 | $475,000 |
| American Indian or Alaskan Native | 23 | $2,705,000 | $117,000 | $675,000 | $57,000 | $200,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,105,000 | $138,000 | $364,000 | $97,000 | $231,000 |
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) | 6,456 | $790,852,000 | $122,000 | $2,750,000 | $86,000 | $5,403,000 |
| FHA-insured (Federal Housing Administration) | 52 | $4,982,000 | $95,000 | $252,000 | $48,000 | $448,000 |
| VA-guaranteed (Veterans Administration) | 23 | $3,099,000 | $134,000 | $336,000 | $48,000 | $152,000 |
| 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 | 4,806 | $599,083,000 | $124,000 | $2,750,000 | $92,000 | $5,403,000 |
| Application Denied By Financial Institution | 886 | $82,899,000 | $93,000 | $1,136,000 | $52,000 | $567,000 |
| Application Approved But Not Accepted | 784 | $109,696,000 | $139,000 | $2,120,000 | $82,000 | $1,500,000 |
| Application Withdrawn By Applicant | 55 | $7,255,000 | $131,000 | $581,000 | $74,000 | $250,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $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 | 321 | $37,210,000 | $115,000 | $1,136,000 | $51,000 | $511,000 |
| Credit History | 319 | $24,346,000 | $76,000 | $417,000 | $47,000 | $567,000 |
| Other | 190 | $12,667,000 | $66,000 | $505,000 | $59,000 | $360,000 |
| Collateral | 27 | $3,407,000 | $126,000 | $499,000 | $65,000 | $223,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,975,000 | $164,000 | $699,000 | $70,000 | $300,000 |
| Employment History | 10 | $1,506,000 | $150,000 | $296,000 | $47,000 | $150,000 |
| Unverifiable Information | 5 | $1,193,000 | $238,000 | $750,000 | $72,000 | $197,000 |
| Mortgage Insurance Denied | 1 | $145,000 | $145,000 | $145,000 | $64,000 | $64,000 |
| Credit Application Incomplete | 1 | $450,000 | $450,000 | $450,000 | $214,000 | $214,000 |
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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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