Select Bank & Trust Company Mortgage Lending & HMDA Data, 2018
In 2018, Select Bank & Trust Company of Dunn, NC reported 175 mortgage applications totaling $56.8 million, down 20% from 2017. The average application was for $324,428, and applicants reported an average income of $262,862. 99% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Greenville, NC (42), Wilmington, NC (16) and Greensboro-High Point, NC (13) (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 | 175 |
| Total Mortgage Loan Application Amount | $56,775,000 |
| Average Mortgage Loan Application Amount | $324,428 |
| Highest Mortgage Loan Application Amount | $5,255,000 |
| Average Applicant Income | $262,862 |
| Highest Applicant Income | $5,363,000 |
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records Select Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 55 | $ 16,665,000 | $ 303,000 | $ 203,000 |
| Greenville, NC | 42 | $ 9,800,000 | $ 233,333 | $ 129,000 |
| Wilmington, NC | 16 | $ 14,680,000 | $ 917,500 | $ 143,000 |
| Greensboro-High Point, NC | 13 | $ 1,865,000 | $ 143,461 | $ 116,000 |
| Burlington, NC | 11 | $ 875,000 | $ 79,545 | $ 85,000 |
| Raleigh, NC | 9 | $ 2,945,000 | $ 327,222 | $ 0 |
| Fayetteville, NC | 8 | $ 3,600,000 | $ 450,000 | $ 2,732,000 |
| Goldsboro, NC | 6 | $ 1,070,000 | $ 178,333 | $ 38,000 |
| Durham-Chapel Hill, NC | 4 | $ 2,330,000 | $ 582,500 | $ 99,000 |
| New Bern, NC | 4 | $ 170,000 | $ 42,500 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 935,000 | $ 311,666 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 1,725,000 | $ 575,000 | $ 137,000 |
| Rocky Mount, NC | 1 | $ 115,000 | $ 115,000 | $ 0 |
Mortgage Loan Application Detail Totals for Select Bank & Trust Company in 2018
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 | 125 | $42,995,000 | $343,000 | $5,255,000 | $161,000 | $471,000 |
| Refinancing | 44 | $12,540,000 | $285,000 | $1,295,000 | $563,000 | $5,363,000 |
| Home Improvement | 6 | $1,240,000 | $206,000 | $445,000 | $184,000 | $184,000 |
| 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 | 123 | $49,475,000 | $402,000 | $5,255,000 | $0 | $0 |
| White | 37 | $5,015,000 | $135,000 | $765,000 | $280,000 | $5,363,000 |
| Black or African American | 5 | $445,000 | $89,000 | $205,000 | $85,000 | $158,000 |
| Hispanic | 4 | $470,000 | $117,000 | $125,000 | $441,000 | $443,000 |
| Not Provided | 4 | $1,170,000 | $292,000 | $675,000 | $107,000 | $114,000 |
| Asian | 2 | $200,000 | $100,000 | $175,000 | $133,000 | $195,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $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) | 175 | $56,775,000 | $324,000 | $5,255,000 | $254,000 | $5,363,000 |
| 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 | 174 | $56,570,000 | $325,000 | $5,255,000 | $254,000 | $5,363,000 |
| Application Denied By Financial Institution | 1 | $205,000 | $205,000 | $205,000 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 175 | $56,775,000 | $324,000 | $5,255,000 | $254,000 | $5,363,000 |
| 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 2018 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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