Lenders › First Ciitizens Bank and Trust
First Ciitizens Bank and Trust
HMDA reporter, headquartered in Raleigh, North Carolina. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
In 2024, First Ciitizens Bank and Trust filed HMDA records for 22,972 applications and 15,162 originations in 24 states, worth $6.0bn.
Its denial rate, the share of decided applications the lender denied, was 23.5%, close to the national rate of 24.3% and close to the North Carolina rate of 24.0%. 1,278 applications were withdrawn by the applicant and 912 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was -1.6 percentage points (national median 0.3); 0.7% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly home purchase (30%) and home improvement (25%); by loan type, conventional (97%) and FHA (2%).
The largest volumes were in North Carolina (7,746 originations), South Carolina (3,727 originations) and California (1,082 originations).
Applications were about level with 2023.
Compared with North Carolina and the nation
| Measure | This lender | North Carolina, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 23.5% | 24.0% | 24.3% |
| Median rate spread, percentage points | -1.6 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 0.7% | 11.8% | 15.6% |
| Average originated loan | $394k | $299k | $329k |
| Home purchase share of originations | 29.7% | 56.3% | 57.0% |
| FHA-insured share of originations | 2.2% | 11.8% | 13.4% |
| VA-guaranteed share of originations | 0.4% | 11.8% | 7.9% |
| Applications withdrawn by applicant | 5.6% | 13.6% | 14.3% |
North Carolina is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderNorth CarolinaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 24,305 |
| 2019 | — | — | — | — | — | 26,035 |
| 2020 | — | — | — | — | — | 31,171 |
| 2021 | — | — | — | — | — | 30,693 |
| 2022 | 27,858 | 19,096 | $6.5bn | 20.5% | 0.1 | 27,874 |
| 2023 | 23,123 | 15,304 | $5.9bn | 22.9% | -0.0 | 23,378 |
| 2024 | 22,972 | 15,162 | $6.0bn | 23.5% | -1.6 | 23,256 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 30% (4,502)Home improvement 25% (3,774)Refinancing 21% (3,228)Cash-out refinancing 1% (216)Other purpose 23% (3,442)
By type
Conventional 97% (14,743)FHA 2% (332)VA 0% (67)USDA 0% (20)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 22,265 | 14,743 | 4,754 | 21.4% |
| FHA-insured | 576 | 332 | 106 | 18.4% |
| VA-guaranteed | 104 | 67 | 12 | 11.5% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 27 | 20 | 2 | 7.4% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 15,162 | 65.2% |
| 2 Application approved but not accepted | 746 | 3.2% |
| 3 Application denied | 4,874 | 21.0% |
| 4 Application withdrawn by applicant | 1,278 | 5.5% |
| 5 File closed for incompleteness | 912 | 3.9% |
| 6 Purchased loan | 140 | 0.6% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 144 | 0.6% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 4,874 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| North Carolina | 11,336 | 7,746 | $2.2bn | 22.5% | -1.7 |
| South Carolina | 5,736 | 3,727 | $1.0bn | 25.2% | -1.6 |
| California | 1,732 | 1,082 | $1.3bn | 23.1% | -0.3 |
| Virginia | 1,116 | 762 | $180m | 23.3% | -1.7 |
| Georgia | 802 | 505 | $194m | 26.2% | -1.7 |
| Florida | 550 | 297 | $214m | 29.6% | -0.7 |
| Tennessee | 183 | 117 | $57m | 23.8% | -1.6 |
| Massachusetts | 170 | 123 | $125m | 8.5% | -0.3 |
| Texas | 161 | 89 | $54m | 24.4% | -0.4 |
| Washington | 125 | 77 | $62m | 19.4% | -0.5 |
| Arizona | 121 | 84 | $61m | 22.5% | -2.1 |
| Wisconsin | 120 | 59 | $13m | 33.6% | -1.6 |
| Colorado | 103 | 67 | $45m | 20.5% | -1.3 |
| New York | 101 | 56 | $206m | 12.8% | -0.3 |
| Maryland | 69 | 47 | $20m | 20.3% | -0.7 |
| Nevada | 65 | 41 | $42m | 22.2% | -1.3 |
| West Virginia | 60 | 39 | $4.0m | 28.6% | -0.4 |
| Oklahoma | 51 | 36 | $14m | 18.8% | — |
| New Mexico | 51 | 29 | $12m | 22.0% | -1.6 |
| Nebraska | 39 | 27 | $3.9m | 21.6% | — |
| Oregon | 38 | 22 | $13m | 23.3% | — |
| New Jersey | 31 | 16 | $14m | — | — |
| Illinois | 29 | 11 | $7.7m | — | — |
| Utah | 25 | 14 | $16m | — | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Wake County | NC | 1,795 | 1,289 | $429m | 19.5% |
| Mecklenburg County | NC | 1,068 | 749 | $239m | 21.3% |
| Charleston County | SC | 816 | 572 | $267m | 20.7% |
| New Hanover County | NC | 565 | 406 | $117m | 20.8% |
| Richland County | SC | 588 | 368 | $83m | 25.6% |
| Los Angeles County | CA | 604 | 342 | $356m | 31.3% |
| Lexington County | SC | 474 | 324 | $76m | 20.2% |
| Greenville County | SC | 499 | 312 | $88m | 28.7% |
| Buncombe County | NC | 415 | 302 | $124m | 18.2% |
| Guilford County | NC | 456 | 291 | $67m | 25.0% |
| Durham County | NC | 363 | 257 | $75m | 20.1% |
| Union County | NC | 339 | 241 | $69m | 21.3% |
| Spartanburg County | SC | 354 | 237 | $45m | 24.7% |
| Brunswick County | NC | 337 | 234 | $80m | 21.9% |
| Johnston County | NC | 307 | 200 | $37m | 24.9% |
| Forsyth County | NC | 279 | 193 | $38m | 23.8% |
| Craven County | NC | 245 | 193 | $56m | 11.8% |
| Horry County | SC | 324 | 187 | $44m | 31.9% |
| Carteret County | NC | 274 | 186 | $62m | 22.6% |
| Henderson County | NC | 264 | 182 | $38m | 23.3% |
| Berkeley County | SC | 271 | 174 | $49m | 26.4% |
| York County | SC | 259 | 168 | $36m | 25.1% |
| Cumberland County | NC | 272 | 161 | $28m | 27.5% |
| Beaufort County | SC | 236 | 156 | $59m | 28.4% |
| San Francisco County | CA | 171 | 140 | $212m | 5.2% |
| Pitt County | NC | 174 | 137 | $41m | 11.3% |
| Catawba County | NC | 213 | 135 | $25m | 27.0% |
| Anderson County | SC | 184 | 133 | $26m | 22.1% |
| Onslow County | NC | 182 | 123 | $30m | 21.7% |
| Moore County | NC | 159 | 117 | $49m | 16.2% |
Up to 30 counties with at least 50 applications, by originations.
Questions and answers
How many mortgages did First Ciitizens Bank and Trust originate in 2024?
15,162 loans totalling $6.0bn, from 22,972 applications reported under HMDA. It also purchased 140 loans from other institutions, which are counted separately.
What is First Ciitizens Bank and Trust's denial rate and how does it compare?
23.5% of decided applications were denied in 2024, against 24.3% nationally and 24.0% in North Carolina. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does First Ciitizens Bank and Trust lend in most?
By originations: Wake County, NC (1,289), Mecklenburg County, NC (749), Charleston County, SC (572), New Hanover County, NC (406) and Richland County, SC (368).
What loan types does First Ciitizens Bank and Trust make?
Conventional 14,743, FHA 332, VA 67 and USDA 20 originations in 2024; by purpose, home purchase 4,502, home improvement 3,774, refinancing 3,228, cash-out refinancing 216 and other purpose 3,442.
What reasons did First Ciitizens Bank and Trust report for denials?
The first denial reason recorded most often was debt-to-income ratio (2,567), credit history (1,236) and collateral (524), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.