Select Bank & Trust Company Mortgage Rates, Fees & Info
Dunn, NCLEI: 549300ZWYZY3FEPUIJ64
Tax ID: 56-2183600
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Mortgage Data
Review & Overview
Select Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Select Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Cullowhee, Fayetteville, Charlotte, and Elizabeth City among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Select Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
119Origination Dollar Volume (All Markets)
$48,965,000Top 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 |
|---|---|---|---|---|---|
| GREENVILLE, NC (FHA|USDA|VA) | 32 | $16,880,000 | $527,500 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $4,415,000 | $1,471,667 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 11 | $4,395,000 | $399,545 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $3,755,000 | $751,000 | $0 | 0.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 20 | $3,460,000 | $173,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 9 | $2,965,000 | $329,444 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $2,260,000 | $565,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $2,255,000 | $751,667 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $380,000 | $95,000 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Lumberton, NC (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $48,965,000 | $411,471 | $0 | 0.00% |
For 2021, Select Bank & Trust Company's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 80 | $31,790,000 | $397,375 | $0 | 0.00% |
| Refi | 35 | $15,575,000 | $445,000 | $0 | 0.00% |
| Home Improvement | 4 | $1,600,000 | $400,000 | $0 | 0.00% |
For 2021, Select Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 119 | $48,965,000 | $411,471 | $0 | 0.00% |
For 2021, Select Bank & Trust Company's most frequently cited loan duration was Other, with 119 originations.
Loan Sizing
2021 saw Select Bank & Trust Company place emphasis on $100k-200k loans with 32 originations, totaling $4,570,000 in origination value.
Applicant Income
Select Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 119 | $48,965,000 | $411,471 | $0 | 0.00% |
Select Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.31%
Select Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.48%
Select Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 119 | $48,965,000 | $411,471 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Select Financial Services, Inc. | Conventional home mortgage | Struggling to pay mortgage | 4 | 80.0% |
| Select Financial Services, Inc. | FHA mortgage | Struggling to pay mortgage | 1 | 20.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Select Bank & Trust Company | 1001 Military Cutoff Road, Suite 100 Wilmington, NC 28405 | Full Service B&M | $40,511 |
| Select Bank & Trust Company | 1101 New Pointe Boulevard Leland, NC 28451 | Full Service B&M | $23,507 |
| Select Bank & Trust Company | 111 Northeast Boulevard Clinton, NC 28328 | Full Service B&M | $49,462 |
| Select Bank & Trust Company | 13024 Ballantyne Corporate Place Charlotte, NC 28277 | Full Service B&M | $152,446 |
| Select Bank & Trust Company | 168 Nc Highway 24 Morehead City, NC 28557 | Full Service B&M | $38,281 |
| Select Bank & Trust Company | 18825 W. Catawba Avenue, Suite 100 Cornelius, NC 28031 | Full Service B&M | $8,795 |
| Select Bank & Trust Company | 201 Oakland Drive Rock Hill, SC 29730 | Full Service B&M | $21,334 |
| Select Bank & Trust Company | 203 West Cherokee Street Blacksburg, SC 29702 | Full Service B&M | $31,608 |
| Select Bank & Trust Company | 2818 Raeford Road Fayetteville, NC 28303 | Full Service B&M | $172,398 |
| Select Bank & Trust Company | 30 Hyatt Road Franklin, NC 28734 | Full Service B&M | $70,516 |
| Select Bank & Trust Company | 3158 South Church Street Burlington, NC 27215 | Full Service B&M | $85,568 |
| Select Bank & Trust Company | 3600 Charles Boulevard Greenville, NC 27858 | Full Service B&M | $165,929 |
| Select Bank & Trust Company | 416 South Hughes Boulevard Elizabeth City, NC 27909 | Full Service B&M | $91,878 |
| Select Bank & Trust Company | 431 North Spence Avenue Goldsboro, NC 27534 | Full Service B&M | $94,714 |
| Select Bank & Trust Company | 4400 Fayetteville Road Lumberton, NC 28358 | Full Service B&M | $57,906 |
| Select Bank & Trust Company | 4505 Falls Of Neuse Road, Suite 100/150 Raleigh, NC 27609 | Full Service B&M | $62,814 |
| Select Bank & Trust Company | 473 Carolina Way Highlands, NC 28741 | Full Service B&M | $103,105 |
| Select Bank & Trust Company | 498 E Main St Sylva, NC 28779 | Full Service B&M | $85,250 |
| Select Bank & Trust Company | 5070 Kentworth Drive Holly Springs, NC 27540 | Full Service B&M | $18,482 |
| Select Bank & Trust Company | 621 Nevan Road Virginia Beach, VA 23451 | Full Service B&M | $34,804 |
| Select Bank & Trust Company | 700 West Cumberland Street Dunn, NC 28334 | Full Service B&M | $175,896 |
| Select Bank & Trust Company | 818 Mckinney Parkway Lillington, NC 27546 | Full Service B&M | $46,075 |
For 2021, Select Bank & Trust Company had 22 branches.