Select Bank & Trust Company Mortgage Lending & HMDA Data, 2006
In 2006, Select Bank & Trust Company of Dunn, NC reported 131 mortgage applications totaling $14.0 million, down 1% from 2005. The average application was for $106,687, and applicants reported an average income of $95,740. 95% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Goldsboro, NC (34), Raleigh-Cary, NC (10) and Fayetteville, NC (9) (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 | 131 |
| Total Mortgage Loan Application Amount | $13,976,000 |
| Average Mortgage Loan Application Amount | $106,687 |
| Highest Mortgage Loan Application Amount | $995,000 |
| Average Applicant Income | $95,740 |
| Highest Applicant Income | $1,163,000 |
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records Select Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Goldsboro, NC | 34 | $ 3,016,000 | $ 88,705 | $ 75,000 |
| Raleigh-Cary, NC | 10 | $ 1,841,000 | $ 184,100 | $ 85,000 |
| Fayetteville, NC | 9 | $ 716,000 | $ 79,555 | $ 65,000 |
| Wilmington, NC | 2 | $ 276,000 | $ 138,000 | $ 13,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 71,000 | $ 71,000 | $ 0 |
| Durham, NC | 1 | $ 46,000 | $ 46,000 | $ 135,000 |
| Greenville, NC | 1 | $ 149,000 | $ 149,000 | $ 0 |
| Jacksonville, NC | 1 | $ 187,000 | $ 187,000 | $ 0 |
| Naples-Marco Island, FL | 1 | $ 300,000 | $ 300,000 | $ 151,000 |
Mortgage Loan Application Detail Totals for Select Bank & Trust Company 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 | 65 | $7,018,000 | $107,000 | $894,000 | $115,000 | $1,163,000 |
| Refinancing | 49 | $6,456,000 | $131,000 | $995,000 | $76,000 | $400,000 |
| Home Improvement | 17 | $502,000 | $29,000 | $111,000 | $79,000 | $330,000 |
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 | 83 | $9,630,000 | $116,000 | $995,000 | $126,000 | $1,163,000 |
| Not applicable | 33 | $3,338,000 | $101,000 | $270,000 | $25,000 | $530,000 |
| Black or African American | 8 | $498,000 | $62,000 | $214,000 | $66,000 | $147,000 |
| Hispanic | 2 | $122,000 | $61,000 | $111,000 | $183,000 | $330,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $178,000 | $89,000 | $100,000 | $32,000 | $34,000 |
| Not Provided | 2 | $163,000 | $81,000 | $117,000 | $77,000 | $85,000 |
| Asian | 1 | $47,000 | $47,000 | $47,000 | $84,000 | $84,000 |
| 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) | 131 | $13,976,000 | $106,000 | $995,000 | $95,000 | $1,163,000 |
| 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 | 124 | $13,461,000 | $108,000 | $995,000 | $99,000 | $1,163,000 |
| Application Denied By Financial Institution | 6 | $430,000 | $71,000 | $189,000 | $37,000 | $68,000 |
| Application Approved But Not Accepted | 1 | $85,000 | $85,000 | $85,000 | $45,000 | $45,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $233,000 | $58,000 | $104,000 | $42,000 | $68,000 |
| Debt-To-Income Ratio | 1 | $189,000 | $189,000 | $189,000 | $38,000 | $38,000 |
| Employment History | 1 | $8,000 | $8,000 | $8,000 | $15,000 | $15,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Select Bank & Trust Company'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 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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