First Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2013
In 2013, First Citizens Bank & Trust Co of Columbia, SC reported 8,972 mortgage applications totaling $1.4 billion. The average application was for $154,516, and applicants reported an average income of $92,740. 66% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Columbia, SC (1,769), Charleston-North Charleston-Summerville, SC (942) and Greenville-Mauldin-Easley, SC (670) (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 | 8,972 |
| Total Mortgage Loan Application Amount | $1,386,319,000 |
| Average Mortgage Loan Application Amount | $154,516 |
| Highest Mortgage Loan Application Amount | $3,400,000 |
| Average Applicant Income | $92,740 |
| Highest Applicant Income | $2,173,000 |
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records First Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 5,552 | $874,866,000 | $157,000 | $3,400,000 | $95,000 | $1,648,000 |
| Home Purchase | 2,794 | $456,862,000 | $163,000 | $1,665,000 | $92,000 | $2,173,000 |
| Home Improvement | 626 | $54,591,000 | $87,000 | $1,235,000 | $76,000 | $1,133,000 |
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 | 6,950 | $1,081,130,000 | $155,000 | $1,665,000 | $96,000 | $2,095,000 |
| Not Provided | 893 | $160,414,000 | $179,000 | $1,583,000 | $110,000 | $2,173,000 |
| Black or African American | 696 | $68,077,000 | $97,000 | $636,000 | $64,000 | $472,000 |
| Asian | 165 | $30,011,000 | $181,000 | $1,496,000 | $95,000 | $1,329,000 |
| Not applicable | 141 | $31,895,000 | $226,000 | $3,400,000 | $0 | $0 |
| Hispanic | 101 | $11,507,000 | $113,000 | $417,000 | $57,000 | $302,000 |
| American Indian or Alaskan Native | 16 | $1,621,000 | $101,000 | $238,000 | $48,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $1,664,000 | $166,000 | $323,000 | $113,000 | $257,000 |
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) | 8,493 | $1,322,119,000 | $155,000 | $3,400,000 | $95,000 | $2,173,000 |
| FHA-insured (Federal Housing Administration) | 289 | $38,418,000 | $132,000 | $442,000 | $57,000 | $611,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 140 | $15,716,000 | $112,000 | $209,000 | $39,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 50 | $10,066,000 | $201,000 | $442,000 | $72,000 | $176,000 |
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 | 5,961 | $902,467,000 | $151,000 | $3,400,000 | $98,000 | $2,173,000 |
| Application Denied By Financial Institution | 2,045 | $310,756,000 | $151,000 | $1,658,000 | $72,000 | $1,317,000 |
| Application Approved But Not Accepted | 733 | $130,657,000 | $178,000 | $1,496,000 | $107,000 | $1,646,000 |
| Application Withdrawn By Applicant | 158 | $26,503,000 | $167,000 | $1,107,000 | $90,000 | $728,000 |
| File Closed For Incompleteness | 75 | $15,936,000 | $212,000 | $790,000 | $125,000 | $900,000 |
| 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 | 777 | $128,397,000 | $165,000 | $1,235,000 | $48,000 | $420,000 |
| Credit History | 679 | $79,230,000 | $116,000 | $1,645,000 | $74,000 | $702,000 |
| Collateral | 403 | $71,414,000 | $177,000 | $1,658,000 | $101,000 | $1,317,000 |
| Other | 65 | $13,226,000 | $203,000 | $971,000 | $128,000 | $1,200,000 |
| Employment History | 35 | $4,417,000 | $126,000 | $316,000 | $75,000 | $233,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 32 | $3,425,000 | $107,000 | $336,000 | $65,000 | $257,000 |
| Unverifiable Information | 28 | $5,300,000 | $189,000 | $613,000 | $111,000 | $813,000 |
| Credit Application Incomplete | 25 | $5,012,000 | $200,000 | $920,000 | $87,000 | $276,000 |
| Mortgage Insurance Denied | 1 | $335,000 | $335,000 | $335,000 | $152,000 | $152,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Citizens Bank & Trust Co's 2013 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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