The Bank/First Citizens Bank Mortgage Lending & HMDA Data, 2006
In 2006, The Bank/First Citizens Bank of Wilson, NC reported 381 mortgage applications totaling $45.9 million, down 49% from 2005. The average application was for $120,598, and applicants reported an average income of $69,986. 94% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cleveland, TN (278), Chattanooga, TN-GA (51) and Knoxville, TN (2) (applications in parentheses).
| Mortgage Company & Address | The Bank/First Citizens Bank 2713 Forest Hills Road Wilson, NC 27893 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 381 |
| Total Mortgage Loan Application Amount | $45,948,000 |
| Average Mortgage Loan Application Amount | $120,598 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $69,986 |
| Highest Applicant Income | $888,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Bank/First Citizens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Bank/First Citizens Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 203 | $26,117,000 | $128,000 | $965,000 | $68,000 | $438,000 |
| Home Purchase | 145 | $18,441,000 | $127,000 | $965,000 | $78,000 | $888,000 |
| Home Improvement | 33 | $1,390,000 | $42,000 | $404,000 | $47,000 | $546,000 |
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 | 343 | $40,217,000 | $117,000 | $965,000 | $73,000 | $888,000 |
| Not applicable | 13 | $2,271,000 | $174,000 | $615,000 | $0 | $0 |
| Black or African American | 11 | $1,325,000 | $120,000 | $392,000 | $69,000 | $213,000 |
| Not Provided | 9 | $1,620,000 | $180,000 | $319,000 | $100,000 | $225,000 |
| Hispanic | 3 | $338,000 | $112,000 | $132,000 | $52,000 | $96,000 |
| Asian | 2 | $177,000 | $88,000 | $100,000 | $19,000 | $39,000 |
| 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) | 355 | $43,251,000 | $121,000 | $965,000 | $73,000 | $888,000 |
| FHA-insured (Federal Housing Administration) | 25 | $2,616,000 | $104,000 | $203,000 | $37,000 | $66,000 |
| VA-guaranteed (Veterans Administration) | 1 | $81,000 | $81,000 | $81,000 | $28,000 | $28,000 |
| 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 | 360 | $42,919,000 | $119,000 | $965,000 | $70,000 | $888,000 |
| Application Denied By Financial Institution | 14 | $1,241,000 | $88,000 | $300,000 | $54,000 | $122,000 |
| Application Withdrawn By Applicant | 5 | $978,000 | $195,000 | $408,000 | $89,000 | $176,000 |
| Application Approved But Not Accepted | 2 | $810,000 | $405,000 | $500,000 | $143,000 | $194,000 |
| 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 | 5 | $373,000 | $74,000 | $134,000 | $41,000 | $55,000 |
| Debt-To-Income Ratio | 2 | $12,000 | $6,000 | $8,000 | $35,000 | $42,000 |
| Collateral | 1 | $34,000 | $34,000 | $34,000 | $32,000 | $32,000 |
| Credit Application Incomplete | 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 The Bank/First Citizens Bank'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 The Bank/First Citizens Bank'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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