First Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2008
In 2008, First Citizens Bank & Trust Co of Columbia, SC reported 8,153 mortgage applications totaling $1.1 billion, up 16% from 2007. The average application was for $137,180, and applicants reported an average income of $89,287. 65% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Columbia, SC (1,536), Charleston-North Charleston-Summerville, SC (652) and Greenville-Mauldin-Easley, SC (650) (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 | 8,153 |
| Total Mortgage Loan Application Amount | $1,118,435,000 |
| Average Mortgage Loan Application Amount | $137,180 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $89,287 |
| Highest Applicant Income | $5,908,000 |
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records First Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 4,630 | $667,334,000 | $144,000 | $3,000,000 | $90,000 | $3,278,000 |
| Home Purchase | 3,110 | $424,948,000 | $136,000 | $2,025,000 | $88,000 | $5,908,000 |
| Home Improvement | 413 | $26,153,000 | $63,000 | $1,000,000 | $91,000 | $2,009,000 |
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 | 6,340 | $911,417,000 | $143,000 | $3,000,000 | $95,000 | $5,908,000 |
| Black or African American | 857 | $70,744,000 | $82,000 | $1,600,000 | $57,000 | $2,009,000 |
| Not Provided | 586 | $79,578,000 | $135,000 | $1,190,000 | $97,000 | $2,496,000 |
| Hispanic | 119 | $13,782,000 | $115,000 | $662,000 | $78,000 | $793,000 |
| Not applicable | 114 | $22,718,000 | $199,000 | $2,295,000 | $1,000 | $80,000 |
| Asian | 113 | $16,180,000 | $143,000 | $585,000 | $93,000 | $1,855,000 |
| American Indian or Alaskan Native | 13 | $2,329,000 | $179,000 | $404,000 | $98,000 | $320,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $1,687,000 | $153,000 | $290,000 | $96,000 | $164,000 |
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) | 7,528 | $1,039,241,000 | $138,000 | $3,000,000 | $92,000 | $5,908,000 |
| FHA-insured (Federal Housing Administration) | 576 | $71,201,000 | $123,000 | $296,000 | $51,000 | $362,000 |
| VA-guaranteed (Veterans Administration) | 49 | $7,993,000 | $163,000 | $490,000 | $63,000 | $232,000 |
| 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 | 5,269 | $738,916,000 | $140,000 | $3,000,000 | $100,000 | $5,908,000 |
| Application Denied By Financial Institution | 1,547 | $181,503,000 | $117,000 | $2,025,000 | $59,000 | $655,000 |
| Application Approved But Not Accepted | 1,235 | $187,702,000 | $151,000 | $1,200,000 | $80,000 | $786,000 |
| Application Withdrawn By Applicant | 102 | $10,314,000 | $101,000 | $580,000 | $106,000 | $1,800,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 756 | $64,292,000 | $85,000 | $990,000 | $55,000 | $510,000 |
| Debt-To-Income Ratio | 576 | $83,501,000 | $144,000 | $2,025,000 | $53,000 | $501,000 |
| Collateral | 131 | $20,935,000 | $159,000 | $980,000 | $94,000 | $595,000 |
| Other | 25 | $3,322,000 | $132,000 | $399,000 | $129,000 | $655,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 21 | $3,222,000 | $153,000 | $417,000 | $87,000 | $602,000 |
| Employment History | 18 | $3,409,000 | $189,000 | $831,000 | $79,000 | $240,000 |
| Unverifiable Information | 13 | $2,024,000 | $155,000 | $399,000 | $86,000 | $480,000 |
| Mortgage Insurance Denied | 6 | $713,000 | $118,000 | $217,000 | $57,000 | $97,000 |
| Credit Application Incomplete | 1 | $85,000 | $85,000 | $85,000 | $49,000 | $49,000 |
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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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