Select Bank & Trust Company Mortgage Lending & HMDA Data, 2021
In 2021, Select Bank & Trust Company of Dunn, NC reported 128 mortgage applications totaling $50.8 million, down 44% from 2020. The average application was for $396,953, and applicants reported an average income of $177,664. 93% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Greenville, NC (32), Fayetteville, NC (11) and Wilmington, NC (10) (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 | 128 |
| Total Mortgage Loan Application Amount | $50,810,000 |
| Average Mortgage Loan Application Amount | $396,953 |
| Highest Mortgage Loan Application Amount | $4,795,000 |
| Average Applicant Income | $177,664 |
| Highest Applicant Income | $1,941,000 |
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records Select Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 40 | $ 11,630,000 | $ 290,750 | $ 83,000 |
| Greenville, NC | 32 | $ 16,880,000 | $ 527,500 | $ 268,000 |
| Fayetteville, NC | 11 | $ 4,395,000 | $ 399,545 | $ 324,000 |
| Wilmington, NC | 10 | $ 3,130,000 | $ 313,000 | $ 127,000 |
| Charlotte-Concord-Gastonia, NC-SC | 6 | $ 3,940,000 | $ 656,666 | $ 0 |
| Raleigh, NC | 6 | $ 1,060,000 | $ 176,666 | $ 47,000 |
| Durham-Chapel Hill, NC | 4 | $ 2,260,000 | $ 565,000 | $ 376,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 1,610,000 | $ 402,500 | $ 401,500 |
| Goldsboro, NC | 3 | $ 465,000 | $ 155,000 | $ 14,000 |
| Greensboro-High Point, NC | 3 | $ 2,255,000 | $ 751,666 | $ 0 |
| New Bern, NC | 3 | $ 985,000 | $ 328,333 | $ 0 |
| Burlington, NC | 2 | $ 630,000 | $ 315,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 405,000 | $ 405,000 | $ 96,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Spartanburg, SC | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Winston-Salem, NC | 1 | $ 685,000 | $ 685,000 | $ 0 |
Mortgage Loan Application Detail Totals for Select Bank & Trust Company in 2021
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 | 86 | $33,160,000 | $385,000 | $4,795,000 | $161,000 | $724,000 |
| Refinancing | 37 | $15,855,000 | $428,000 | $3,855,000 | $209,000 | $1,941,000 |
| Home Improvement | 4 | $1,600,000 | $400,000 | $705,000 | $262,000 | $262,000 |
| Cash-out Refinancing | 1 | $195,000 | $195,000 | $195,000 | $114,000 | $114,000 |
| 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 | 81 | $39,665,000 | $489,000 | $4,795,000 | $0 | $0 |
| White | 35 | $7,985,000 | $228,000 | $1,555,000 | $182,000 | $1,941,000 |
| Not Provided | 5 | $1,165,000 | $233,000 | $555,000 | $94,000 | $137,000 |
| Asian | 3 | $1,665,000 | $555,000 | $915,000 | $489,000 | $724,000 |
| Black or African American | 2 | $220,000 | $110,000 | $115,000 | $89,000 | $90,000 |
| Hispanic | 1 | $85,000 | $85,000 | $85,000 | $101,000 | $101,000 |
| American Indian or Alaskan Native | 1 | $25,000 | $25,000 | $25,000 | $28,000 | $28,000 |
| 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) | 127 | $50,625,000 | $398,000 | $4,795,000 | $187,000 | $1,941,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $185,000 | $185,000 | $185,000 | $40,000 | $40,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 119 | $48,965,000 | $411,000 | $4,795,000 | $195,000 | $1,941,000 |
| Application Denied By Financial Institution | 6 | $1,080,000 | $180,000 | $275,000 | $92,000 | $169,000 |
| Application Withdrawn By Applicant | 3 | $765,000 | $255,000 | $405,000 | $111,000 | $123,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 128 | $50,810,000 | $396,000 | $4,795,000 | $183,000 | $1,941,000 |
| 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 2021 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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