The Bank/First Citizens Bank Mortgage Lending & HMDA Data, 2004
In 2004, The Bank/First Citizens Bank of Wilson, NC reported 456 mortgage applications totaling $48.2 million, up 56% from 2003. The average application was for $105,695, and applicants reported an average income of $49,504. 70% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Cleveland, TN (285), Chattanooga, TN-GA (57) and Atlanta-Sandy Springs-Marietta, GA (3) (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 | 456 |
| Total Mortgage Loan Application Amount | $48,197,000 |
| Average Mortgage Loan Application Amount | $105,695 |
| Highest Mortgage Loan Application Amount | $1,331,000 |
| Average Applicant Income | $49,504 |
| Highest Applicant Income | $683,000 |
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records The Bank/First Citizens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 221 | $24,627,000 | $278,833 | $1,331,000 | $64,333 | $683,000 |
| Home Purchase | 199 | $22,462,000 | $108,000 | $858,000 | $75,800 | $420,000 |
| Home Improvement | 36 | $1,108,000 | $37,333 | $145,000 | $22,000 | $226,000 |
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 | 393 | $40,925,000 | $107,833 | $1,331,000 | $76,666 | $683,000 |
| Not Provided | 29 | $2,691,000 | $83,000 | $300,000 | $34,000 | $170,000 |
| Not applicable | 20 | $3,155,000 | $335,250 | $920,000 | $11,250 | $344,000 |
| Hispanic | 6 | $716,000 | $119,000 | $171,000 | $80,000 | $121,000 |
| Black or African American | 4 | $529,000 | $132,000 | $276,000 | $46,000 | $113,000 |
| Asian | 3 | $142,000 | $54,000 | $75,000 | $36,000 | $49,000 |
| American Indian or Alaskan Native | 1 | $39,000 | $39,000 | $39,000 | $11,000 | $11,000 |
| 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) | 412 | $44,415,000 | $221,375 | $1,331,000 | $52,375 | $683,000 |
| FHA-insured (Federal Housing Administration) | 40 | $3,362,000 | $112,333 | $163,000 | $44,666 | $107,000 |
| VA-guaranteed (Veterans Administration) | 4 | $420,000 | $104,000 | $144,000 | $54,000 | $121,000 |
| 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 | 320 | $36,006,000 | $225,375 | $1,331,000 | $57,625 | $683,000 |
| Application Denied By Financial Institution | 90 | $7,540,000 | $74,500 | $447,000 | $37,000 | $121,000 |
| Application Withdrawn By Applicant | 37 | $3,778,000 | $98,000 | $234,000 | $43,500 | $203,000 |
| File Closed For Incompleteness | 7 | $736,000 | $103,500 | $300,000 | $50,000 | $170,000 |
| Application Approved But Not Accepted | 2 | $137,000 | $68,000 | $84,000 | $49,000 | $67,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 39 | $2,725,000 | $57,000 | $219,000 | $31,000 | $108,000 |
| Debt-To-Income Ratio | 14 | $976,000 | $69,000 | $163,000 | $28,000 | $92,000 |
| Other | 14 | $1,307,000 | $125,000 | $262,000 | $63,000 | $121,000 |
| Credit Application Incomplete | 11 | $965,000 | $87,000 | $150,000 | $35,000 | $60,000 |
| Collateral | 4 | $567,000 | $141,000 | $245,000 | $57,000 | $109,000 |
| Employment History | 3 | $281,000 | $93,000 | $150,000 | $30,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $623,000 | $207,000 | $447,000 | $41,000 | $59,000 |
| Unverifiable Information | 1 | $32,000 | $32,000 | $32,000 | $24,000 | $24,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Bank/First Citizens Bank's 2004 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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