Carolina Bank & Trust Mortgage Rates, Fees & Info
Florence, SCLEI: 549300U2ACJ0QKSFKY48
Tax ID: 57-0294574
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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, Myrtle Beach, Charleston, Greenville, and Columbia among others. We have data for 15 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
156Origination Dollar Volume (All Markets)
$56,680,000Top 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) | 97 | $24,135,000 | $248,814 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 13 | $10,475,000 | $805,769 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $6,850,000 | $1,141,667 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $5,225,000 | $1,045,000 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $3,315,000 | $221,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $3,050,000 | $762,500 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Bennettsville, SC (FHA|USDA|VA) | 6 | $420,000 | $70,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 156 | $56,680,000 | $363,333 | $0 | 0.00% |
For 2022, Carolina Bank & Trust's most frequently originated type of loan was Conventional, with 156 originations.
Loan Reason
For 2022, Carolina Bank & Trust's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 156 | $56,680,000 | $363,333 | $0 | 0.00% |
For 2022, Carolina Bank & Trust's most frequently cited loan duration was Other, with 156 originations.
Loan Sizing
2022 saw Carolina Bank & Trust place emphasis on $100k-200k loans with 44 originations, totaling $6,280,000 in origination value.
Applicant Income
Carolina Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 156 | $56,680,000 | $363,333 | $0 | 0.00% |
Carolina Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.00%
Carolina Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination85.90%
Carolina Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 156 | $56,680,000 | $363,333 |