Carolina Bank & Trust Mortgage Rates, Fees & Info

Florence, SC

LEI: 549300U2ACJ0QKSFKY48

Tax ID: 57-0294574

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Carolina Bank & Trust is a smaller bank specializing in Home Purchase loans. Carolina Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Sumter, Columbia, Charlotte, and Georgetown among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Carolina Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

116

Origination Dollar Volume (All Markets)

$36,840,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market	Originations	Total Value	Average Loan	Average Fees	Average Rate
FLORENCE, SC (FHA\|USDA\|VA)	81	$27,135,000	$335,000	$0	0.00%
SUMTER, SC (FHA\|USDA\|VA)	5	$2,295,000	$459,000	$0	0.00%
Outside of Metro Areas	13	$1,895,000	$145,769	$0	0.00%
COLUMBIA, SC (FHA\|USDA\|VA)	3	$1,245,000	$415,000	$0	0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$1,005,000	$1,005,000	$0	0.00%
Georgetown, SC (FHA\|USDA\|VA)	1	$885,000	$885,000	$0	0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	3	$805,000	$268,333	$0	0.00%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	2	$730,000	$365,000	$0	0.00%
Bennettsville, SC (FHA\|USDA\|VA)	6	$660,000	$110,000	$0	0.00%
TULSA, OK (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	0.00%

Carolina Bank & Trust's top markets include Florence, Sumter, Columbia, Charlotte, and Georgetown among others.

Their top states include:

South Carolina (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	116	$36,840,000	$317,586	$0	0.00%

For 2023, Carolina Bank & Trust's most frequently originated type of loan was Conventional, with 116 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	82	$31,460,000	$383,659	$0	0.00%
Other	12	$1,770,000	$147,500	$0	0.00%
Refi	12	$1,890,000	$157,500	$0	0.00%
Home Improvement	10	$1,720,000	$172,000	$0	0.00%

For 2023, Carolina Bank & Trust's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Other, with 12 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	116	$36,840,000	$317,586	$0	0.00%

For 2023, Carolina Bank & Trust's most frequently cited loan duration was Other, with 116 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	36	$5,400,000	$150,000	$0	0.00%
$100,000 or less	32	$1,820,000	$56,875	$0	0.00%
$200k-400k	29	$7,875,000	$271,552	$0	0.00%
$400k-600k	8	$3,540,000	$442,500	$0	0.00%
$600k-1MM	6	$4,480,000	$746,667	$0	0.00%
$1MM+	5	$13,725,000	$2,745,000	$0	0.00%

2023 saw Carolina Bank & Trust place emphasis on $100k-200k loans with 36 originations, totaling $5,400,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	18	$4,340,000	$241,111	$0	0.00%
$150k-250k	10	$1,980,000	$198,000	$0	0.00%
$250k+	9	$4,585,000	$509,444	$0	0.00%
$75k-100k	9	$2,265,000	$251,667	$0	0.00%
$50k-75k	7	$1,265,000	$180,714	$0	0.00%
$50k or less	6	$330,000	$55,000	$0	0.00%

Carolina Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $150k-250k, with 10 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	116	$36,840,000	$317,586	$0	0.00%

Carolina Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	55	$21,875,000	$397,727	$0	0.00%
White	55	$13,985,000	$254,273	$0	0.00%
Not provided	2	$620,000	$310,000	$0	0.00%
Black	4	$360,000	$90,000	$0	0.00%

Approval Rates

Total approvals of all applications
91.61%

Carolina Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
79.31%

Carolina Bank & Trust has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	116	$36,840,000	$317,586

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	116	$36,840,000	$317,586