Select Bank & Trust Company Mortgage Lending & HMDA Data, 2015
In 2015, Select Bank & Trust Company of Dunn, NC reported 176 mortgage applications totaling $42.5 million, up 16% from 2014. The average application was for $241,551, and applicants reported an average income of $95,227. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Greenville, NC (75), Burlington, NC (28) and Fayetteville, NC (15) (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 | 176 |
| Total Mortgage Loan Application Amount | $42,513,000 |
| Average Mortgage Loan Application Amount | $241,551 |
| Highest Mortgage Loan Application Amount | $4,415,000 |
| Average Applicant Income | $95,227 |
| Highest Applicant Income | $961,000 |
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records Select Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Greenville, NC | 75 | $ 15,801,000 | $ 210,680 | $ 173,000 |
| Burlington, NC | 28 | $ 4,053,000 | $ 144,750 | $ 28,000 |
| Fayetteville, NC | 15 | $ 5,475,000 | $ 365,000 | $ 29,000 |
| Greensboro-High Point, NC | 13 | $ 1,239,000 | $ 95,307 | $ 39,000 |
| Raleigh, NC | 7 | $ 1,830,000 | $ 261,428 | $ 39,000 |
| Durham-Chapel Hill, NC | 2 | $ 532,000 | $ 266,000 | $ 56,000 |
| Goldsboro, NC | 2 | $ 187,000 | $ 93,500 | $ 65,000 |
| New Bern, NC | 2 | $ 140,000 | $ 70,000 | $ 84,000 |
| Wilmington, NC | 2 | $ 388,000 | $ 194,000 | $ 107,000 |
| Rocky Mount, NC | 1 | $ 270,000 | $ 270,000 | $ 0 |
Mortgage Loan Application Detail Totals for Select Bank & Trust Company in 2015
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 | 114 | $21,326,000 | $187,000 | $4,415,000 | $118,000 | $961,000 |
| Refinancing | 43 | $17,361,000 | $403,000 | $2,645,000 | $46,000 | $483,000 |
| Home Improvement | 19 | $3,826,000 | $201,000 | $1,600,000 | $70,000 | $186,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 83 | $31,448,000 | $378,000 | $4,415,000 | $0 | $0 |
| White | 80 | $9,663,000 | $120,000 | $982,000 | $149,000 | $961,000 |
| Black or African American | 11 | $781,000 | $71,000 | $235,000 | $433,000 | $753,000 |
| Hispanic | 1 | $43,000 | $43,000 | $43,000 | $62,000 | $62,000 |
| Asian | 1 | $578,000 | $578,000 | $578,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 176 | $42,513,000 | $241,000 | $4,415,000 | $95,000 | $961,000 |
| 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 | 169 | $41,499,000 | $245,000 | $4,415,000 | $98,000 | $961,000 |
| Application Denied By Financial Institution | 4 | $607,000 | $151,000 | $400,000 | $58,000 | $130,000 |
| Application Approved But Not Accepted | 2 | $252,000 | $126,000 | $204,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 4 | $607,000 | $151,000 | $400,000 | $58,000 | $130,000 |
| 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 |
| 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 2015 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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