Randolph Bank & Trust Co Mortgage Lending & HMDA Data, 2012
In 2012, Randolph Bank & Trust Co of Asheboro, NC reported 388 mortgage applications totaling $75.4 million, down 6% from 2011. The average application was for $194,337, and applicants reported an average income of $102,069. 9% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Raleigh-Cary, NC (212), Greensboro-High Point, NC (58) and Durham-Chapel Hill, NC (46) (applications in parentheses).
| Mortgage Company & Address | Randolph Bank & Trust Co Po Box 1888 Asheboro, NC 27205 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 388 |
| Total Mortgage Loan Application Amount | $75,403,000 |
| Average Mortgage Loan Application Amount | $194,337 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $102,069 |
| Highest Applicant Income | $1,321,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Randolph Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Raleigh-Cary, NC | 212 | $ 44,959,000 | $ 212,070 | $ 112,000 |
| Greensboro-High Point, NC | 58 | $ 6,505,000 | $ 112,155 | $ 60,000 |
| Durham-Chapel Hill, NC | 46 | $ 10,376,000 | $ 225,565 | $ 119,000 |
| Burlington, NC | 18 | $ 2,700,000 | $ 150,000 | $ 71,000 |
| Jacksonville, NC | 4 | $ 1,142,000 | $ 285,500 | $ 196,000 |
| Wilmington, NC | 4 | $ 789,000 | $ 197,250 | $ 135,000 |
| Fayetteville, NC | 2 | $ 395,000 | $ 197,500 | $ 75,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 240,000 | $ 240,000 | $ 96,000 |
| Goldsboro, NC | 1 | $ 138,000 | $ 138,000 | $ 96,000 |
| Greenville, NC | 1 | $ 122,000 | $ 122,000 | $ 111,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 15,000 | $ 15,000 | $ 327,000 |
| Richmond, VA | 1 | $ 202,000 | $ 202,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for Randolph Bank & Trust Co in 2012
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 |
|---|---|---|---|---|---|---|
| Refinancing | 331 | $69,300,000 | $209,000 | $600,000 | $108,000 | $1,321,000 |
| Home Purchase | 35 | $5,830,000 | $166,000 | $417,000 | $63,000 | $223,000 |
| Home Improvement | 22 | $273,000 | $12,000 | $60,000 | $75,000 | $327,000 |
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 | 266 | $52,246,000 | $196,000 | $553,000 | $104,000 | $804,000 |
| Not Provided | 99 | $19,747,000 | $199,000 | $600,000 | $96,000 | $800,000 |
| Hispanic | 9 | $1,437,000 | $159,000 | $344,000 | $229,000 | $1,321,000 |
| Not applicable | 7 | $796,000 | $113,000 | $371,000 | $0 | $0 |
| Asian | 4 | $977,000 | $244,000 | $338,000 | $103,000 | $131,000 |
| Black or African American | 2 | $67,000 | $33,000 | $63,000 | $44,000 | $48,000 |
| American Indian or Alaskan Native | 1 | $133,000 | $133,000 | $133,000 | $78,000 | $78,000 |
| 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) | 354 | $69,414,000 | $196,000 | $600,000 | $106,000 | $1,321,000 |
| FHA-insured (Federal Housing Administration) | 27 | $4,382,000 | $162,000 | $306,000 | $59,000 | $150,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,607,000 | $229,000 | $397,000 | $65,000 | $125,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 227 | $46,615,000 | $205,000 | $600,000 | $110,000 | $1,321,000 |
| Application Denied By Financial Institution | 115 | $23,214,000 | $201,000 | $417,000 | $97,000 | $475,000 |
| Loan Originated | 33 | $2,258,000 | $68,000 | $496,000 | $62,000 | $327,000 |
| File Closed For Incompleteness | 9 | $2,467,000 | $274,000 | $363,000 | $124,000 | $163,000 |
| Application Approved But Not Accepted | 4 | $849,000 | $212,000 | $388,000 | $109,000 | $233,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Randolph Bank & Trust Co's 2012 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 Randolph Bank & Trust Co'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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