Select Bank & Trust Company Mortgage Lending & HMDA Data, 2012
In 2012, Select Bank & Trust Company of Dunn, NC reported 37 mortgage applications totaling $7.5 million, up 16% from 2011. The average application was for $202,945, and applicants reported an average income of $98,486. 24% of its applications resulted in an originated loan and 62% were denied. Its largest markets were Fayetteville, NC (16), Goldsboro, NC (7) and Greenville, NC (1) (applications in parentheses).
| Mortgage Company & Address | Select Bank & Trust Company 700 W Cumberland St Dunn, NC 28334 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 37 |
| Total Mortgage Loan Application Amount | $7,509,000 |
| Average Mortgage Loan Application Amount | $202,945 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $98,486 |
| Highest Applicant Income | $1,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Select Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cumberland, North Carolina | 11 | $ 2,089,000 | $ 189,909 | $ 50,000 |
| Wayne, North Carolina | 7 | $ 1,166,000 | $ 166,571 | $ 22,000 |
| Robeson, North Carolina | 6 | $ 576,000 | $ 96,000 | $ 42,000 |
| Hoke, North Carolina | 5 | $ 686,000 | $ 137,200 | $ 176,000 |
| Harnett, North Carolina | 3 | $ 428,000 | $ 142,666 | $ 9,000 |
| New Hanover, North Carolina | 1 | $ 2,000,000 | $ 2,000,000 | $ 1,600,000 |
| Pitt, North Carolina | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Sampson, North Carolina | 1 | $ 243,000 | $ 243,000 | $ 88,000 |
| Wake, North Carolina | 1 | $ 163,000 | $ 163,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for Select Bank & Trust Company 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 | 24 | $4,354,000 | $181,000 | $610,000 | $71,000 | $454,000 |
| Home Purchase | 9 | $3,100,000 | $344,000 | $2,000,000 | $212,000 | $1,600,000 |
| Home Improvement | 4 | $55,000 | $13,000 | $20,000 | $8,000 | $33,000 |
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 | 17 | $4,359,000 | $256,000 | $2,000,000 | $153,000 | $1,600,000 |
| Not applicable | 5 | $606,000 | $121,000 | $210,000 | $0 | $0 |
| Not Provided | 5 | $937,000 | $187,000 | $610,000 | $147,000 | $454,000 |
| American Indian or Alaskan Native | 5 | $440,000 | $88,000 | $250,000 | $3,000 | $18,000 |
| Asian | 2 | $617,000 | $308,000 | $417,000 | $149,000 | $175,000 |
| Hispanic | 2 | $150,000 | $75,000 | $135,000 | $0 | $0 |
| Black or African American | 1 | $400,000 | $400,000 | $400,000 | $0 | $0 |
| 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) | 36 | $7,413,000 | $205,000 | $2,000,000 | $101,000 | $1,600,000 |
| FHA-insured (Federal Housing Administration) | 1 | $96,000 | $96,000 | $96,000 | $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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 23 | $2,933,000 | $127,000 | $417,000 | $41,000 | $231,000 |
| Loan Originated | 9 | $3,498,000 | $388,000 | $2,000,000 | $278,000 | $1,600,000 |
| File Closed For Incompleteness | 4 | $1,018,000 | $254,000 | $400,000 | $43,000 | $88,000 |
| Application Withdrawn By Applicant | 1 | $60,000 | $60,000 | $60,000 | $28,000 | $28,000 |
| Application Approved But Not Accepted | 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 | 12 | $1,702,000 | $141,000 | $417,000 | $47,000 | $175,000 |
| Debt-To-Income Ratio | 5 | $717,000 | $143,000 | $370,000 | $63,000 | $231,000 |
| Collateral | 3 | $198,000 | $66,000 | $163,000 | $23,000 | $71,000 |
| Other | 3 | $316,000 | $105,000 | $200,000 | $0 | $0 |
| Unverifiable Information | 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 Select Bank & Trust Company'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 Select Bank & Trust Company'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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