First Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2014
In 2014, First Citizens Bank & Trust Co of Columbia, SC reported 5,876 mortgage applications totaling $985.2 million, down 35% from 2013. The average application was for $167,666, and applicants reported an average income of $94,449. 63% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Columbia, SC (1,029), Charleston-North Charleston, SC (661) and Greenville-Anderson-Mauldin, SC (607) (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 | 5,876 |
| Total Mortgage Loan Application Amount | $985,209,000 |
| Average Mortgage Loan Application Amount | $167,666 |
| Highest Mortgage Loan Application Amount | $3,100,000 |
| Average Applicant Income | $94,449 |
| Highest Applicant Income | $1,644,000 |
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records First Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014
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 | 2,860 | $528,420,000 | $184,000 | $1,800,000 | $98,000 | $1,455,000 |
| Refinancing | 2,479 | $409,832,000 | $165,000 | $3,100,000 | $95,000 | $1,644,000 |
| Home Improvement | 537 | $46,957,000 | $87,000 | $550,000 | $73,000 | $664,000 |
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 | 4,373 | $746,681,000 | $170,000 | $3,100,000 | $99,000 | $1,644,000 |
| Not Provided | 636 | $110,613,000 | $173,000 | $1,387,000 | $102,000 | $1,306,000 |
| Black or African American | 493 | $52,590,000 | $106,000 | $1,000,000 | $70,000 | $1,102,000 |
| Asian | 138 | $26,415,000 | $191,000 | $2,137,000 | $121,000 | $884,000 |
| Not applicable | 128 | $34,322,000 | $268,000 | $3,031,000 | $0 | $0 |
| Hispanic | 85 | $11,427,000 | $134,000 | $812,000 | $61,000 | $402,000 |
| American Indian or Alaskan Native | 15 | $1,953,000 | $130,000 | $312,000 | $64,000 | $193,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,208,000 | $151,000 | $412,000 | $74,000 | $121,000 |
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) | 5,450 | $928,898,000 | $170,000 | $3,100,000 | $98,000 | $1,644,000 |
| FHA-insured (Federal Housing Administration) | 202 | $25,216,000 | $124,000 | $290,000 | $53,000 | $218,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 128 | $13,486,000 | $105,000 | $281,000 | $39,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 96 | $17,609,000 | $183,000 | $391,000 | $72,000 | $193,000 |
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 | 3,700 | $619,326,000 | $167,000 | $3,100,000 | $102,000 | $1,638,000 |
| Application Denied By Financial Institution | 1,389 | $200,787,000 | $144,000 | $1,800,000 | $70,000 | $815,000 |
| File Closed For Incompleteness | 387 | $81,381,000 | $210,000 | $1,800,000 | $98,000 | $996,000 |
| Application Withdrawn By Applicant | 201 | $55,458,000 | $275,000 | $3,031,000 | $120,000 | $1,455,000 |
| Application Approved But Not Accepted | 199 | $28,257,000 | $141,000 | $2,137,000 | $92,000 | $1,644,000 |
| 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 | 614 | $95,187,000 | $155,000 | $1,800,000 | $53,000 | $552,000 |
| Credit History | 496 | $58,021,000 | $116,000 | $1,387,000 | $75,000 | $815,000 |
| Collateral | 189 | $34,796,000 | $184,000 | $1,093,000 | $109,000 | $761,000 |
| Other | 31 | $3,942,000 | $127,000 | $340,000 | $81,000 | $376,000 |
| Employment History | 31 | $4,316,000 | $139,000 | $300,000 | $62,000 | $218,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $1,549,000 | $103,000 | $600,000 | $61,000 | $315,000 |
| Unverifiable Information | 12 | $2,836,000 | $236,000 | $600,000 | $90,000 | $205,000 |
| Mortgage Insurance Denied | 1 | $140,000 | $140,000 | $140,000 | $73,000 | $73,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Citizens Bank & Trust Co's 2014 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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