First City Bank of Florida Mortgage Lending & HMDA Data, 2006
In 2006, First City Bank of Florida of Fort Walton Beach, FL reported 134 mortgage applications totaling $38.3 million, down 48% from 2005. The average application was for $285,820, and applicants reported an average income of $146,388. 46% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Fort Walton Beach-Crestview-Destin, FL (90), Panama City-Lynn Haven, FL (17) and Pensacola-Ferry Pass-Brent, FL (10) (applications in parentheses).
| Mortgage Company & Address | First City Bank of Florida 135 Perry Ave Se Fort Walton Beach, FL 32548 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 134 |
| Total Mortgage Loan Application Amount | $38,300,000 |
| Average Mortgage Loan Application Amount | $285,820 |
| Highest Mortgage Loan Application Amount | $1,640,000 |
| Average Applicant Income | $146,388 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First City Bank of Florida filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 City Bank of Florida 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 | 69 | $23,543,000 | $341,000 | $1,500,000 | $128,000 | $886,000 |
| Refinancing | 54 | $14,507,000 | $268,000 | $1,640,000 | $183,000 | $1,800,000 |
| Home Improvement | 11 | $250,000 | $22,000 | $100,000 | $82,000 | $315,000 |
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 | 99 | $27,458,000 | $277,000 | $1,500,000 | $172,000 | $1,800,000 |
| Not applicable | 20 | $8,072,000 | $403,000 | $1,640,000 | $0 | $0 |
| Black or African American | 6 | $791,000 | $131,000 | $176,000 | $74,000 | $138,000 |
| Asian | 3 | $520,000 | $173,000 | $302,000 | $141,000 | $205,000 |
| Not Provided | 3 | $728,000 | $242,000 | $448,000 | $223,000 | $278,000 |
| Hispanic | 2 | $646,000 | $323,000 | $400,000 | $540,000 | $720,000 |
| American Indian or Alaskan Native | 1 | $85,000 | $85,000 | $85,000 | $7,000 | $7,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 134 | $38,300,000 | $285,000 | $1,640,000 | $146,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 61 | $14,257,000 | $233,000 | $1,125,000 | $101,000 | $494,000 |
| Application Approved But Not Accepted | 30 | $9,684,000 | $322,000 | $1,397,000 | $190,000 | $720,000 |
| Application Withdrawn By Applicant | 20 | $8,465,000 | $423,000 | $1,500,000 | $247,000 | $1,800,000 |
| Application Denied By Financial Institution | 15 | $3,035,000 | $202,000 | $1,320,000 | $134,000 | $886,000 |
| File Closed For Incompleteness | 8 | $2,859,000 | $357,000 | $1,640,000 | $99,000 | $444,000 |
| 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 | 6 | $658,000 | $109,000 | $263,000 | $8,000 | $19,000 |
| Other | 6 | $1,880,000 | $313,000 | $1,320,000 | $292,000 | $886,000 |
| Credit History | 3 | $497,000 | $165,000 | $318,000 | $69,000 | $95,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 City Bank of Florida'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 City Bank of Florida'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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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