The Bank/First Citizens Bank Mortgage Lending & HMDA Data, 2003
In 2003, The Bank/First Citizens Bank of Wilson, NC reported 293 mortgage applications totaling $29.1 million. The average application was for $99,300, and applicants reported an average income of $65,303. 90% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Chattanooga, TN-GA (43), Atlanta, GA (3) 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 | 293 |
| Total Mortgage Loan Application Amount | $29,095,000 |
| Average Mortgage Loan Application Amount | $99,300 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $65,303 |
| Highest Applicant Income | $1,440,000 |
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records The Bank/First Citizens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chattanooga, TN-GA | 43 | $ 6,414,000 | $ 149,162 | $ 64,000 |
| Atlanta, GA | 3 | $ 238,000 | $ 79,333 | $ 264,000 |
| Knoxville, TN | 2 | $ 114,000 | $ 57,000 | $ 201,000 |
| Florence, AL | 1 | $ 296,000 | $ 296,000 | $ 0 |
| Orlando, FL | 1 | $ 177,000 | $ 177,000 | $ 176,000 |
Mortgage Loan Application Detail Totals for The Bank/First Citizens Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 166 | $14,550,000 | $129,000 | $759,000 | $126,666 | $1,440,000 |
| Home Purchase (one-to-four family) | 74 | $7,572,000 | $110,500 | $437,000 | $43,500 | $600,000 |
| Home Improvement (one-to-four family) | 39 | $754,000 | $17,500 | $130,000 | $72,000 | $270,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 14 | $6,219,000 | $440,666 | $1,000,000 | $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 |
|---|---|---|---|---|---|---|
| White | 246 | $22,164,000 | $149,000 | $1,000,000 | $113,666 | $1,440,000 |
| Information not provided by applicant in mail or telephone application | 29 | $1,461,000 | $38,000 | $173,000 | $27,000 | $226,000 |
| Not applicable | 11 | $4,675,000 | $318,333 | $1,000,000 | $5,333 | $50,000 |
| Black | 4 | $420,000 | $105,000 | $276,000 | $36,000 | $119,000 |
| Other | 2 | $261,000 | $130,000 | $203,000 | $149,000 | $250,000 |
| American Indian or Alaskan Native | 1 | $114,000 | $114,000 | $114,000 | $27,000 | $27,000 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 293 | $29,095,000 | $184,500 | $1,000,000 | $78,250 | $1,440,000 |
| 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 | 264 | $27,840,000 | $194,500 | $1,000,000 | $86,250 | $1,440,000 |
| Application Denied By Financial Institution | 25 | $1,037,000 | $28,000 | $169,000 | $21,500 | $96,000 |
| Application Withdrawn By Applicant | 3 | $93,000 | $31,000 | $38,000 | $29,000 | $40,000 |
| Application Approved But Not Accepted | 1 | $125,000 | $125,000 | $125,000 | $63,000 | $63,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 11 | $386,000 | $19,500 | $122,000 | $23,500 | $62,000 |
| Collateral | 2 | $42,000 | $21,000 | $22,000 | $40,000 | $43,000 |
| Other | 2 | $47,000 | $23,000 | $42,000 | $24,000 | $41,000 |
| Debt-To-Income Ratio | 1 | $2,000 | $2,000 | $2,000 | $1,000 | $1,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Bank/First Citizens Bank's 2003 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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