The Bank/First Citizens Bank Mortgage Lending & HMDA Data, 2005
In 2005, The Bank/First Citizens Bank of Wilson, NC reported 743 mortgage applications totaling $93.4 million, up 63% from 2004. The average application was for $125,703, and applicants reported an average income of $66,469. 95% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cleveland, TN (563), Chattanooga, TN-GA (87) and Atlanta-Sandy Springs-Marietta, GA (5) (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 | 743 |
| Total Mortgage Loan Application Amount | $93,398,000 |
| Average Mortgage Loan Application Amount | $125,703 |
| Highest Mortgage Loan Application Amount | $2,550,000 |
| Average Applicant Income | $66,469 |
| Highest Applicant Income | $3,600,000 |
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records The Bank/First Citizens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cleveland, TN | 563 | $ 67,162,000 | $ 119,293 | $ 62,000 |
| Chattanooga, TN-GA | 87 | $ 14,249,000 | $ 163,781 | $ 47,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 2,547,000 | $ 509,400 | $ 864,000 |
| Knoxville, TN | 4 | $ 722,000 | $ 180,500 | $ 127,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 879,000 | $ 293,000 | $ 109,000 |
| Columbia, MO | 2 | $ 293,000 | $ 146,500 | $ 401,000 |
| Athens-Clarke County, GA | 1 | $ 64,000 | $ 64,000 | $ 48,000 |
| Birmingham-Hoover, AL | 1 | $ 66,000 | $ 66,000 | $ 102,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 160,000 | $ 160,000 | $ 76,000 |
| Jacksonville, FL | 1 | $ 210,000 | $ 210,000 | $ 185,000 |
| Orlando, FL | 1 | $ 167,000 | $ 167,000 | $ 120,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 190,000 | $ 190,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for The Bank/First Citizens Bank in 2005
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 | 355 | $45,915,000 | $163,200 | $1,290,000 | $239,400 | $3,600,000 |
| Home Purchase | 335 | $45,362,000 | $182,666 | $2,550,000 | $82,000 | $538,000 |
| Home Improvement | 53 | $2,121,000 | $103,333 | $578,000 | $42,000 | $300,000 |
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 | 642 | $76,214,000 | $155,400 | $975,000 | $208,200 | $3,600,000 |
| Not applicable | 43 | $10,312,000 | $212,500 | $2,550,000 | $34,500 | $127,000 |
| Not Provided | 23 | $2,634,000 | $153,000 | $280,000 | $115,000 | $492,000 |
| Black or African American | 17 | $1,993,000 | $117,000 | $392,000 | $41,000 | $108,000 |
| Asian | 10 | $1,598,000 | $159,000 | $480,000 | $77,000 | $214,000 |
| Hispanic | 6 | $518,000 | $86,000 | $173,000 | $52,000 | $180,000 |
| American Indian or Alaskan Native | 2 | $129,000 | $64,000 | $72,000 | $86,000 | $144,000 |
| 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) | 681 | $87,229,000 | $157,200 | $2,550,000 | $201,600 | $3,600,000 |
| FHA-insured (Federal Housing Administration) | 57 | $5,529,000 | $97,000 | $169,000 | $34,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 4 | $468,000 | $120,500 | $148,000 | $45,500 | $55,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $172,000 | $172,000 | $172,000 | $50,000 | $50,000 |
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 | 704 | $89,767,000 | $157,400 | $2,550,000 | $200,400 | $3,600,000 |
| Application Withdrawn By Applicant | 19 | $2,404,000 | $126,000 | $480,000 | $81,000 | $492,000 |
| Application Denied By Financial Institution | 16 | $666,000 | $41,000 | $125,000 | $28,000 | $108,000 |
| Application Approved But Not Accepted | 3 | $395,000 | $121,000 | $240,000 | $88,000 | $170,000 |
| File Closed For Incompleteness | 1 | $166,000 | $166,000 | $166,000 | $51,000 | $51,000 |
| 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 The Bank/First Citizens Bank's 2005 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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