Bank of America finished 2004 with higher quarterly fundings, but annual volume was off by over one-third.
The North Carolina-based bank reported fourth quarter originations of $18.4 billion, about 8% better than the previous quarter.
Retail originations accounted for 69% of the latest volume, while wholesale loans aggregated the rest, according to the bank's supplemental information report.
BoA's 2004 volume totaled $87.6 billion -- down from $131.1 billion in the previous year.
Loans serviced reportedly amounted to $259.1 billion at the year's end, up 5% from 2003.
BoA said growth in home equity mortgages led a rise in loans.
The bank announced net income for the full year increased 31 percent to $14.1 billion.