Select Bank & Trust Company Mortgage Lending & HMDA Data, 2020
In 2020, Select Bank & Trust Company of Dunn, NC reported 229 mortgage applications totaling $130.2 million, up 54% from 2019. The average application was for $568,449, and applicants reported an average income of $192,659. 90% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Greenville, NC (55), Wilmington, NC (24) and Fayetteville, NC (18) (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 | 229 |
| Total Mortgage Loan Application Amount | $130,175,000 |
| Average Mortgage Loan Application Amount | $568,449 |
| Highest Mortgage Loan Application Amount | $25,365,000 |
| Average Applicant Income | $192,659 |
| Highest Applicant Income | $1,336,000 |
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records Select Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pitt, North Carolina | 55 | $ 12,355,000 | $ 224,636 | $ 280,000 |
| New Hanover, North Carolina | 24 | $ 10,590,000 | $ 441,250 | $ 577,000 |
| Pasquotank, North Carolina | 23 | $ 2,575,000 | $ 111,956 | $ 124,000 |
| Wake, North Carolina | 13 | $ 5,525,000 | $ 425,000 | $ 84,000 |
| Harnett, North Carolina | 12 | $ 10,220,000 | $ 851,666 | $ 56,000 |
| Mecklenburg, North Carolina | 11 | $ 3,335,000 | $ 303,181 | $ 307,000 |
| Craven, North Carolina | 9 | $ 30,155,000 | $ 3,350,555 | $ 101,000 |
| Jackson, North Carolina | 7 | $ 1,725,000 | $ 246,428 | $ 56,000 |
| Macon, North Carolina | 7 | $ 1,305,000 | $ 186,428 | $ 125,000 |
| Cumberland, North Carolina | 6 | $ 4,670,000 | $ 778,333 | $ 161,000 |
| Brunswick, North Carolina | 4 | $ 11,840,000 | $ 2,960,000 | $ 0 |
| Carteret, North Carolina | 4 | $ 2,410,000 | $ 602,500 | $ 162,000 |
| Durham, North Carolina | 4 | $ 560,000 | $ 140,000 | $ 15,000 |
| Forsyth, North Carolina | 4 | $ 820,000 | $ 205,000 | $ 0 |
| Lenoir, North Carolina | 4 | $ 160,000 | $ 40,000 | $ 0 |
| Wilson, North Carolina | 3 | $ 815,000 | $ 271,666 | $ 185,000 |
| Alamance, North Carolina | 2 | $ 110,000 | $ 55,000 | $ 68,000 |
| Beaufort, North Carolina | 2 | $ 460,000 | $ 230,000 | $ 0 |
| Bladen, North Carolina | 2 | $ 380,000 | $ 190,000 | $ 352,000 |
| Gaston, North Carolina | 2 | $ 580,000 | $ 290,000 | $ 0 |
| Guilford, North Carolina | 2 | $ 220,000 | $ 110,000 | $ 61,000 |
| Johnston, North Carolina | 2 | $ 360,000 | $ 180,000 | $ 52,000 |
| Nash, North Carolina | 2 | $ 1,210,000 | $ 605,000 | $ 0 |
| Robeson, North Carolina | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Rockingham, North Carolina | 2 | $ 580,000 | $ 290,000 | $ 0 |
| Wayne, North Carolina | 2 | $ 40,000 | $ 20,000 | $ 85,000 |
| Dillon, South Carolina | 2 | $ 190,000 | $ 95,000 | $ 0 |
| Norfolk, Virginia | 2 | $ 1,550,000 | $ 775,000 | $ 262,000 |
| Catawba, North Carolina | 1 | $ 1,805,000 | $ 1,805,000 | $ 0 |
| Halifax, North Carolina | 1 | $ 8,005,000 | $ 8,005,000 | $ 0 |
| Haywood, North Carolina | 1 | $ 325,000 | $ 325,000 | $ 99,000 |
| Lee, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 137,000 |
| Moore, North Carolina | 1 | $ 2,505,000 | $ 2,505,000 | $ 0 |
| Onslow, North Carolina | 1 | $ 125,000 | $ 125,000 | $ 64,000 |
| Perquimans, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 58,000 |
| Rowan, North Carolina | 1 | $ 6,005,000 | $ 6,005,000 | $ 0 |
| Swain, North Carolina | 1 | $ 365,000 | $ 365,000 | $ 170,000 |
| Union, North Carolina | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Darlington, South Carolina | 1 | $ 1,315,000 | $ 1,315,000 | $ 0 |
| Florence, South Carolina | 1 | $ 1,755,000 | $ 1,755,000 | $ 0 |
| Sumter, South Carolina | 1 | $ 1,465,000 | $ 1,465,000 | $ 0 |
| Suffolk, Virginia | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Virginia Beach, Virginia | 1 | $ 395,000 | $ 395,000 | $ 0 |
Mortgage Loan Application Detail Totals for Select Bank & Trust Company in 2020
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 | 172 | $95,030,000 | $552,000 | $25,365,000 | $206,000 | $1,336,000 |
| Refinancing | 49 | $26,235,000 | $535,000 | $2,735,000 | $127,000 | $686,000 |
| Home Improvement | 8 | $8,910,000 | $1,113,000 | $6,005,000 | $308,000 | $378,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 164 | $118,270,000 | $721,000 | $25,365,000 | $0 | $0 |
| White | 47 | $9,735,000 | $207,000 | $1,425,000 | $198,000 | $1,265,000 |
| Not Provided | 14 | $1,780,000 | $127,000 | $325,000 | $177,000 | $1,336,000 |
| Asian | 2 | $290,000 | $145,000 | $165,000 | $102,000 | $107,000 |
| Black or African American | 2 | $100,000 | $50,000 | $75,000 | $64,000 | $68,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 228 | $130,000,000 | $570,000 | $25,365,000 | $189,000 | $1,336,000 |
| FHA-insured (Federal Housing Administration) | 1 | $175,000 | $175,000 | $175,000 | $28,000 | $28,000 |
| 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 | 207 | $126,125,000 | $609,000 | $25,365,000 | $207,000 | $1,336,000 |
| Application Withdrawn By Applicant | 13 | $2,325,000 | $178,000 | $505,000 | $68,000 | $99,000 |
| Application Approved But Not Accepted | 7 | $1,505,000 | $215,000 | $315,000 | $0 | $0 |
| Application Denied By Financial Institution | 2 | $220,000 | $110,000 | $175,000 | $22,000 | $28,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 229 | $130,175,000 | $568,000 | $25,365,000 | $186,000 | $1,336,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Select Bank & Trust Company's 2020 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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