Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2012
In 2012, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 862 mortgage applications totaling $177.1 million, up 33% from 2011. The average application was for $205,484, and applicants reported an average income of $96,689. 78% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Asheville, NC (466), Charlotte-Gastonia-Rock Hill, NC-SC (130) and Hickory-Lenoir-Morganton, NC (26) (applications in parentheses).
| Mortgage Company & Address | Mountain 1st Bank & Trust Comp 101 Jack Street Hendersonville, NC 28792 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 862 |
| Total Mortgage Loan Application Amount | $177,128,000 |
| Average Mortgage Loan Application Amount | $205,484 |
| Highest Mortgage Loan Application Amount | $2,740,000 |
| Average Applicant Income | $96,689 |
| Highest Applicant Income | $1,623,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Henderson, North Carolina | 299 | $ 58,612,000 | $ 196,026 | $ 79,000 |
| Buncombe, North Carolina | 130 | $ 23,816,000 | $ 183,200 | $ 83,000 |
| Mecklenburg, North Carolina | 96 | $ 23,582,000 | $ 245,645 | $ 136,000 |
| Polk, North Carolina | 70 | $ 13,277,000 | $ 189,671 | $ 75,000 |
| McDowell, North Carolina | 53 | $ 11,348,000 | $ 214,113 | $ 118,000 |
| Haywood, North Carolina | 34 | $ 6,032,000 | $ 177,411 | $ 80,000 |
| Rutherford, North Carolina | 29 | $ 5,145,000 | $ 177,413 | $ 92,000 |
| Union, North Carolina | 22 | $ 6,190,000 | $ 281,363 | $ 132,000 |
| Catawba, North Carolina | 15 | $ 3,040,000 | $ 202,666 | $ 193,000 |
| Transylvania, North Carolina | 14 | $ 2,169,000 | $ 154,928 | $ 58,000 |
| Spartanburg, South Carolina | 13 | $ 1,593,000 | $ 122,538 | $ 54,000 |
| Cleveland, North Carolina | 12 | $ 1,907,000 | $ 158,916 | $ 56,000 |
| Lincoln, North Carolina | 7 | $ 1,691,000 | $ 241,571 | $ 98,000 |
| York, South Carolina | 7 | $ 1,278,000 | $ 182,571 | $ 118,000 |
| Burke, North Carolina | 6 | $ 2,978,000 | $ 496,333 | $ 270,000 |
| Iredell, North Carolina | 6 | $ 2,086,000 | $ 347,666 | $ 184,000 |
| Mitchell, North Carolina | 6 | $ 1,550,000 | $ 258,333 | $ 129,000 |
| Caldwell, North Carolina | 5 | $ 1,914,000 | $ 382,800 | $ 222,000 |
| Gaston, North Carolina | 4 | $ 784,000 | $ 196,000 | $ 151,000 |
| Greenville, South Carolina | 4 | $ 594,000 | $ 148,500 | $ 48,000 |
| Jackson, North Carolina | 3 | $ 630,000 | $ 210,000 | $ 76,000 |
| Madison, North Carolina | 3 | $ 408,000 | $ 136,000 | $ 36,000 |
| Charleston, South Carolina | 3 | $ 818,000 | $ 272,666 | $ 173,000 |
| Brunswick, North Carolina | 2 | $ 637,000 | $ 318,500 | $ 153,000 |
| Wake, North Carolina | 2 | $ 462,000 | $ 231,000 | $ 286,000 |
| Watauga, North Carolina | 2 | $ 567,000 | $ 283,500 | $ 168,000 |
| Yancey, North Carolina | 2 | $ 312,000 | $ 156,000 | $ 46,000 |
| Alleghany, North Carolina | 1 | $ 392,000 | $ 392,000 | $ 192,000 |
| Cabarrus, North Carolina | 1 | $ 144,000 | $ 144,000 | $ 137,000 |
| Franklin, North Carolina | 1 | $ 200,000 | $ 200,000 | $ 110,000 |
| Guilford, North Carolina | 1 | $ 176,000 | $ 176,000 | $ 87,000 |
| Montgomery, North Carolina | 1 | $ 212,000 | $ 212,000 | $ 0 |
| Surry, North Carolina | 1 | $ 187,000 | $ 187,000 | $ 36,000 |
| Wilson, North Carolina | 1 | $ 65,000 | $ 65,000 | $ 536,000 |
| Beaufort, South Carolina | 1 | $ 397,000 | $ 397,000 | $ 237,000 |
| Berkeley, South Carolina | 1 | $ 407,000 | $ 407,000 | $ 107,000 |
| Horry, South Carolina | 1 | $ 255,000 | $ 255,000 | $ 165,000 |
| Lancaster, South Carolina | 1 | $ 400,000 | $ 400,000 | $ 103,000 |
| Oconee, South Carolina | 1 | $ 357,000 | $ 357,000 | $ 158,000 |
| Sevier, Tennessee | 1 | $ 516,000 | $ 516,000 | $ 0 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2012
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 | 510 | $108,865,000 | $213,000 | $2,740,000 | $100,000 | $1,623,000 |
| Home Purchase | 322 | $62,415,000 | $193,000 | $776,000 | $93,000 | $1,224,000 |
| Home Improvement | 30 | $5,848,000 | $194,000 | $798,000 | $80,000 | $239,000 |
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 | 825 | $166,807,000 | $202,000 | $1,226,000 | $96,000 | $1,623,000 |
| Black or African American | 13 | $2,334,000 | $179,000 | $417,000 | $164,000 | $536,000 |
| Hispanic | 6 | $1,194,000 | $199,000 | $293,000 | $70,000 | $115,000 |
| Asian | 6 | $1,229,000 | $204,000 | $292,000 | $81,000 | $123,000 |
| Not applicable | 6 | $4,374,000 | $729,000 | $2,740,000 | $0 | $0 |
| Not Provided | 5 | $1,001,000 | $200,000 | $370,000 | $147,000 | $223,000 |
| American Indian or Alaskan Native | 1 | $189,000 | $189,000 | $189,000 | $76,000 | $76,000 |
| 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) | 810 | $167,606,000 | $206,000 | $2,740,000 | $100,000 | $1,623,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 37 | $6,045,000 | $163,000 | $265,000 | $43,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 15 | $3,477,000 | $231,000 | $413,000 | $71,000 | $131,000 |
| FHA-insured (Federal Housing 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 | 676 | $142,127,000 | $210,000 | $2,740,000 | $96,000 | $595,000 |
| Application Withdrawn By Applicant | 89 | $17,782,000 | $199,000 | $752,000 | $100,000 | $480,000 |
| Application Denied By Financial Institution | 83 | $14,281,000 | $172,000 | $920,000 | $83,000 | $1,224,000 |
| Application Approved But Not Accepted | 7 | $1,550,000 | $221,000 | $628,000 | $312,000 | $1,623,000 |
| File Closed For Incompleteness | 7 | $1,388,000 | $198,000 | $350,000 | $92,000 | $275,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mountain 1st Bank & Trust Comp's 2012 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 Mountain 1st Bank & Trust Comp'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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