Select Bank & Trust Company Mortgage Lending & HMDA Data, 2019
In 2019, Select Bank & Trust Company of Dunn, NC reported 149 mortgage applications totaling $53.7 million, down 15% from 2018. The average application was for $360,436, and applicants reported an average income of $185,624. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Greenville, NC (37), Wilmington, NC (21) and Fayetteville, NC (14) (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 | 149 |
| Total Mortgage Loan Application Amount | $53,705,000 |
| Average Mortgage Loan Application Amount | $360,436 |
| Highest Mortgage Loan Application Amount | $10,005,000 |
| Average Applicant Income | $185,624 |
| Highest Applicant Income | $742,000 |
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records Select Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 37 | $ 6,115,000 | $ 165,270 | $ 156,000 |
| Outside any metro area | 33 | $ 21,335,000 | $ 646,515 | $ 198,909 |
| Wilmington, NC | 21 | $ 8,555,000 | $ 407,380 | $ 272,000 |
| Fayetteville, NC | 14 | $ 3,250,000 | $ 232,142 | $ 94,000 |
| Raleigh, NC | 11 | $ 4,275,000 | $ 388,636 | $ 76,000 |
| Goldsboro, NC | 8 | $ 900,000 | $ 112,500 | $ 68,000 |
| Burlington, NC | 6 | $ 630,000 | $ 105,000 | $ 276,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 5,200,000 | $ 1,300,000 | $ 194,000 |
| Greensboro-High Point, NC | 4 | $ 630,000 | $ 157,500 | $ 143,000 |
| New Bern, NC | 4 | $ 1,220,000 | $ 305,000 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 275,000 | $ 91,666 | $ 325,333 |
| Asheville, NC | 1 | $ 375,000 | $ 375,000 | $ 431,000 |
| Durham-Chapel Hill, NC | 1 | $ 485,000 | $ 485,000 | $ 210,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 345,000 | $ 345,000 | $ 112,000 |
| Winston-Salem, NC | 1 | $ 115,000 | $ 115,000 | $ 0 |
Mortgage Loan Application Detail Totals for Select Bank & Trust Company in 2019
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 | 117 | $40,575,000 | $346,000 | $10,005,000 | $197,000 | $742,000 |
| Refinancing | 27 | $12,785,000 | $473,000 | $3,555,000 | $137,000 | $369,000 |
| Home Improvement | 5 | $345,000 | $69,000 | $105,000 | $182,000 | $205,000 |
| 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 | 98 | $46,720,000 | $476,000 | $10,005,000 | $0 | $0 |
| White | 44 | $5,970,000 | $135,000 | $485,000 | $187,000 | $742,000 |
| Black or African American | 3 | $105,000 | $35,000 | $55,000 | $76,000 | $85,000 |
| Asian | 2 | $400,000 | $200,000 | $305,000 | $142,000 | $215,000 |
| Not Provided | 2 | $510,000 | $255,000 | $375,000 | $343,000 | $431,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 147 | $53,295,000 | $362,000 | $10,005,000 | $189,000 | $742,000 |
| FHA-insured (Federal Housing Administration) | 1 | $155,000 | $155,000 | $155,000 | $95,000 | $95,000 |
| VA-guaranteed (Veterans Administration) | 1 | $255,000 | $255,000 | $255,000 | $89,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 135 | $50,695,000 | $375,000 | $10,005,000 | $204,000 | $742,000 |
| Application Withdrawn By Applicant | 11 | $2,895,000 | $263,000 | $485,000 | $133,000 | $250,000 |
| Application Denied By Financial Institution | 3 | $115,000 | $38,000 | $55,000 | $42,000 | $42,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 149 | $53,705,000 | $360,000 | $10,005,000 | $185,000 | $742,000 |
| 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 2019 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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