Admirals Bank Mortgage Lending & HMDA Data, 2020

In 2020, Admirals Bank of Providence, RI reported 325 mortgage applications totaling $108.8 million, down 79% from 2019. The average application was for $334,784, and applicants reported an average income of $247,548. 43% of its applications resulted in an originated loan and 40% were denied. Its largest markets were Boston, MA (32), Cambridge-Newton-Framingham, MA (25) and Jacksonville, FL (12) (applications in parentheses).

Mortgage Company & Address Admirals Bank
15 Park Row West
Providence, RI 02903
Tel #: available with data download
Federal Regulator * available with data download
Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 325
Total Mortgage Loan Application Amount $108,805,000
Average Mortgage Loan Application Amount $334,784
Highest Mortgage Loan Application Amount $3,755,000
Average Applicant Income $247,548
Highest Applicant Income $1,777,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Admirals Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Admirals Bank by County in 2020

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Suffolk, Massachusetts 27 $ 24,585,000 $ 910,555 $ 663,000
Middlesex, Massachusetts 18 $ 18,200,000 $ 1,011,111 $ 366,000
Duval, Florida 8 $ 330,000 $ 41,250 $ 67,000
Barnstable, Massachusetts 8 $ 10,030,000 $ 1,253,750 $ 951,000
Essex, Massachusetts 7 $ 3,515,000 $ 502,142 $ 206,000
Providence, Rhode Island 6 $ 3,240,000 $ 540,000 $ 317,000
Sussex, Delaware 5 $ 145,000 $ 29,000 $ 104,000
Norfolk, Massachusetts 5 $ 7,345,000 $ 1,469,000 $ 875,000
Worcester, Massachusetts 5 $ 1,615,000 $ 323,000 $ 264,000
Contra Costa, California 4 $ 80,000 $ 20,000 $ 129,000
Los Angeles, California 4 $ 130,000 $ 32,500 $ 101,000
Fairfield, Connecticut 4 $ 2,400,000 $ 600,000 $ 377,000
Palm Beach, Florida 4 $ 4,100,000 $ 1,025,000 $ 594,000
St. Johns, Florida 4 $ 1,040,000 $ 260,000 $ 341,000
Gwinnett, Georgia 4 $ 130,000 $ 32,500 $ 80,000
Philadelphia, Pennsylvania 4 $ 120,000 $ 30,000 $ 89,000
Stanislaus, California 3 $ 55,000 $ 18,333 $ 66,000
Boulder, Colorado 3 $ 2,105,000 $ 701,666 $ 243,000
Weld, Colorado 3 $ 85,000 $ 28,333 $ 108,000
Cook, Illinois 3 $ 75,000 $ 25,000 $ 82,000
Whitley, Indiana 3 $ 125,000 $ 41,666 $ 89,000
Nantucket, Massachusetts 3 $ 7,325,000 $ 2,441,666 $ 832,000
Chester, Pennsylvania 3 $ 75,000 $ 25,000 $ 59,000
Delaware, Pennsylvania 3 $ 75,000 $ 25,000 $ 147,000
Kent, Rhode Island 3 $ 685,000 $ 228,333 $ 140,000
Comal, Texas 3 $ 125,000 $ 41,666 $ 131,000
San Bernardino, California 2 $ 110,000 $ 55,000 $ 58,000
Adams, Colorado 2 $ 100,000 $ 50,000 $ 87,000
Arapahoe, Colorado 2 $ 30,000 $ 15,000 $ 75,000
Broward, Florida 2 $ 520,000 $ 260,000 $ 188,000
Indian River, Florida 2 $ 390,000 $ 195,000 $ 181,000
Orange, Florida 2 $ 30,000 $ 15,000 $ 156,000
Putnam, Indiana 2 $ 50,000 $ 25,000 $ 126,000
St. Louis, Missouri 2 $ 40,000 $ 20,000 $ 81,000
Clark, Nevada 2 $ 30,000 $ 15,000 $ 45,000
Merrimack, New Hampshire 2 $ 4,140,000 $ 2,070,000 $ 610,000
Ocean, New Jersey 2 $ 80,000 $ 40,000 $ 58,000
Kings, New York 2 $ 790,000 $ 395,000 $ 220,000
Guilford, North Carolina 2 $ 2,500,000 $ 1,250,000 $ 265,000
New Hanover, North Carolina 2 $ 1,150,000 $ 575,000 $ 352,000
Lancaster, Pennsylvania 2 $ 90,000 $ 45,000 $ 79,000
Orangeburg, South Carolina 2 $ 30,000 $ 15,000 $ 74,000
Stewart, Tennessee 2 $ 70,000 $ 35,000 $ 94,000
Bell, Texas 2 $ 20,000 $ 10,000 $ 113,000
Fort Bend, Texas 2 $ 30,000 $ 15,000 $ 43,000
Parker, Texas 2 $ 50,000 $ 25,000 $ 136,000
Fairfax, Virginia 2 $ 1,500,000 $ 750,000 $ 865,000
Spokane, Washington 2 $ 40,000 $ 20,000 $ 67,000
Bibb, Alabama 1 $ 25,000 $ 25,000 $ 68,000
Cochise, Arizona 1 $ 15,000 $ 15,000 $ 34,000
Navajo, Arizona 1 $ 25,000 $ 25,000 $ 48,000
Pima, Arizona 1 $ 15,000 $ 15,000 $ 102,000
Saline, Arkansas 1 $ 25,000 $ 25,000 $ 56,000
Union, Arkansas 1 $ 25,000 $ 25,000 $ 107,000
Fresno, California 1 $ 15,000 $ 15,000 $ 53,000
Orange, California 1 $ 25,000 $ 25,000 $ 351,000
Riverside, California 1 $ 15,000 $ 15,000 $ 103,000
San Diego, California 1 $ 25,000 $ 25,000 $ 161,000
San Joaquin, California 1 $ 15,000 $ 15,000 $ 105,000
San Luis Obispo, California 1 $ 25,000 $ 25,000 $ 128,000
Tulare, California 1 $ 25,000 $ 25,000 $ 111,000
El Paso, Colorado 1 $ 25,000 $ 25,000 $ 113,000
Jefferson, Colorado 1 $ 25,000 $ 25,000 $ 164,000
Lincoln, Colorado 1 $ 25,000 $ 25,000 $ 63,000
Pueblo, Colorado 1 $ 25,000 $ 25,000 $ 177,000
New Haven, Connecticut 1 $ 315,000 $ 315,000 $ 172,000
Windham, Connecticut 1 $ 25,000 $ 25,000 $ 57,000
Manatee, Florida 1 $ 215,000 $ 215,000 $ 226,000
Miami-Dade, Florida 1 $ 25,000 $ 25,000 $ 208,000
Pasco, Florida 1 $ 15,000 $ 15,000 $ 91,000
Pinellas, Florida 1 $ 25,000 $ 25,000 $ 91,000
Volusia, Florida 1 $ 15,000 $ 15,000 $ 246,000
Clayton, Georgia 1 $ 15,000 $ 15,000 $ 42,000
Bonner, Idaho 1 $ 25,000 $ 25,000 $ 244,000
Bonneville, Idaho 1 $ 305,000 $ 305,000 $ 98,000
Kootenai, Idaho 1 $ 25,000 $ 25,000 $ 111,000
Coles, Illinois 1 $ 15,000 $ 15,000 $ 59,000
Madison, Illinois 1 $ 25,000 $ 25,000 $ 83,000
Delaware, Indiana 1 $ 15,000 $ 15,000 $ 140,000
Hendricks, Indiana 1 $ 25,000 $ 25,000 $ 63,000
Union, Indiana 1 $ 25,000 $ 25,000 $ 72,000
Coffey, Kansas 1 $ 25,000 $ 25,000 $ 92,000
Bracken, Kentucky 1 $ 25,000 $ 25,000 $ 76,000
Daviess, Kentucky 1 $ 25,000 $ 25,000 $ 53,000
Jefferson, Kentucky 1 $ 5,000 $ 5,000 $ 142,000
Oldham, Kentucky 1 $ 25,000 $ 25,000 $ 662,000
East Baton Rouge, Louisiana 1 $ 25,000 $ 25,000 $ 46,000
Jefferson Davis, Louisiana 1 $ 25,000 $ 25,000 $ 156,000
Ouachita, Louisiana 1 $ 25,000 $ 25,000 $ 175,000
St. Tammany, Louisiana 1 $ 25,000 $ 25,000 $ 145,000
Tangipahoa, Louisiana 1 $ 25,000 $ 25,000 $ 128,000
Vermilion, Louisiana 1 $ 15,000 $ 15,000 $ 78,000
York, Maine 1 $ 625,000 $ 625,000 $ 986,000
Cecil, Maryland 1 $ 25,000 $ 25,000 $ 150,000
Garrett, Maryland 1 $ 345,000 $ 345,000 $ 851,000
Queen Anne's, Maryland 1 $ 15,000 $ 15,000 $ 101,000
Somerset, Maryland 1 $ 25,000 $ 25,000 $ 101,000
Bristol, Massachusetts 1 $ 165,000 $ 165,000 $ 201,000
Macomb, Michigan 1 $ 25,000 $ 25,000 $ 33,000
Menominee, Michigan 1 $ 25,000 $ 25,000 $ 82,000
Ottawa, Michigan 1 $ 25,000 $ 25,000 $ 90,000
Wayne, Michigan 1 $ 275,000 $ 275,000 $ 1,500,000
Isanti, Minnesota 1 $ 25,000 $ 25,000 $ 86,000
Washington, Minnesota 1 $ 25,000 $ 25,000 $ 119,000
Clay, Missouri 1 $ 25,000 $ 25,000 $ 94,000
St. Charles, Missouri 1 $ 35,000 $ 35,000 $ 168,000
Missoula, Montana 1 $ 55,000 $ 55,000 $ 111,000
Webster, Nebraska 1 $ 25,000 $ 25,000 $ 158,000
Rockingham, New Hampshire 1 $ 795,000 $ 795,000 $ 330,000
Burlington, New Jersey 1 $ 25,000 $ 25,000 $ 78,000
Camden, New Jersey 1 $ 15,000 $ 15,000 $ 105,000
Essex, New Jersey 1 $ 35,000 $ 35,000 $ 68,000
Gloucester, New Jersey 1 $ 145,000 $ 145,000 $ 0
Hudson, New Jersey 1 $ 35,000 $ 35,000 $ 104,000
Hunterdon, New Jersey 1 $ 25,000 $ 25,000 $ 70,000
Warren, New Jersey 1 $ 25,000 $ 25,000 $ 261,000
Chautauqua, New York 1 $ 15,000 $ 15,000 $ 35,000
Erie, New York 1 $ 25,000 $ 25,000 $ 70,000
Onondaga, New York 1 $ 845,000 $ 845,000 $ 240,000
Westchester, New York 1 $ 715,000 $ 715,000 $ 513,000
Bladen, North Carolina 1 $ 35,000 $ 35,000 $ 101,000
Caldwell, North Carolina 1 $ 15,000 $ 15,000 $ 101,000
Cumberland, North Carolina 1 $ 15,000 $ 15,000 $ 39,000
Dare, North Carolina 1 $ 15,000 $ 15,000 $ 99,000
Durham, North Carolina 1 $ 15,000 $ 15,000 $ 36,000
Gaston, North Carolina 1 $ 25,000 $ 25,000 $ 20,000
Pender, North Carolina 1 $ 25,000 $ 25,000 $ 185,000
Wake, North Carolina 1 $ 25,000 $ 25,000 $ 107,000
Wilson, North Carolina 1 $ 25,000 $ 25,000 $ 60,000
Brown, Ohio 1 $ 25,000 $ 25,000 $ 42,000
Crawford, Ohio 1 $ 15,000 $ 15,000 $ 49,000
Defiance, Ohio 1 $ 25,000 $ 25,000 $ 89,000
Erie, Ohio 1 $ 25,000 $ 25,000 $ 85,000
Henry, Ohio 1 $ 25,000 $ 25,000 $ 137,000
Highland, Ohio 1 $ 25,000 $ 25,000 $ 81,000
Knox, Ohio 1 $ 25,000 $ 25,000 $ 59,000
Lorain, Ohio 1 $ 15,000 $ 15,000 $ 40,000
Muskingum, Ohio 1 $ 15,000 $ 15,000 $ 108,000
Trumbull, Ohio 1 $ 25,000 $ 25,000 $ 66,000
Wood, Ohio 1 $ 25,000 $ 25,000 $ 100,000
Cherokee, Oklahoma 1 $ 15,000 $ 15,000 $ 81,000
Grant, Oklahoma 1 $ 25,000 $ 25,000 $ 184,000
Stephens, Oklahoma 1 $ 15,000 $ 15,000 $ 23,000
Clackamas, Oregon 1 $ 25,000 $ 25,000 $ 120,000
Klamath, Oregon 1 $ 15,000 $ 15,000 $ 12,000
Multnomah, Oregon 1 $ 15,000 $ 15,000 $ 104,000
Berks, Pennsylvania 1 $ 25,000 $ 25,000 $ 70,000
Lebanon, Pennsylvania 1 $ 15,000 $ 15,000 $ 157,000
Lehigh, Pennsylvania 1 $ 15,000 $ 15,000 $ 48,000
Monroe, Pennsylvania 1 $ 25,000 $ 25,000 $ 51,000
Montgomery, Pennsylvania 1 $ 15,000 $ 15,000 $ 235,000
Westmoreland, Pennsylvania 1 $ 25,000 $ 25,000 $ 63,000
Bristol, Rhode Island 1 $ 245,000 $ 245,000 $ 160,000
Newport, Rhode Island 1 $ 345,000 $ 345,000 $ 120,000
Richland, South Carolina 1 $ 25,000 $ 25,000 $ 150,000
Carroll, Tennessee 1 $ 15,000 $ 15,000 $ 82,000
Grundy, Tennessee 1 $ 15,000 $ 15,000 $ 19,000
Hickman, Tennessee 1 $ 15,000 $ 15,000 $ 36,000
Lincoln, Tennessee 1 $ 25,000 $ 25,000 $ 171,000
Monroe, Tennessee 1 $ 15,000 $ 15,000 $ 60,000
Shelby, Tennessee 1 $ 15,000 $ 15,000 $ 33,000
Sumner, Tennessee 1 $ 25,000 $ 25,000 $ 76,000
Bexar, Texas 1 $ 15,000 $ 15,000 $ 45,000
El Paso, Texas 1 $ 25,000 $ 25,000 $ 58,000
Harris, Texas 1 $ 25,000 $ 25,000 $ 63,000
Hays, Texas 1 $ 15,000 $ 15,000 $ 162,000
Smith, Texas 1 $ 15,000 $ 15,000 $ 84,000
Tom Green, Texas 1 $ 15,000 $ 15,000 $ 130,000
Travis, Texas 1 $ 15,000 $ 15,000 $ 173,000
Utah, Utah 1 $ 25,000 $ 25,000 $ 115,000
Arlington, Virginia 1 $ 435,000 $ 435,000 $ 865,000
Richmond City, Virginia 1 $ 65,000 $ 65,000 $ 68,000
Roanoke, Virginia 1 $ 65,000 $ 65,000 $ 69,000
Virginia Beach, Virginia 1 $ 35,000 $ 35,000 $ 71,000
Clark, Washington 1 $ 95,000 $ 95,000 $ 41,000
Grant, Washington 1 $ 25,000 $ 25,000 $ 43,000
King, Washington 1 $ 25,000 $ 25,000 $ 74,000
Kitsap, Washington 1 $ 5,000 $ 5,000 $ 123,000
Pierce, Washington 1 $ 25,000 $ 25,000 $ 62,000
Morgan, West Virginia 1 $ 25,000 $ 25,000 $ 85,000
Jefferson, Wisconsin 1 $ 25,000 $ 25,000 $ 29,000
Teton, Wyoming 1 $ 725,000 $ 725,000 $ 513,000

Mortgage Loan Application Detail Totals for Admirals Bank in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Improvement 209 $6,055,000 $28,000 $755,000 $101,000 $662,000
Refinancing 74 $58,730,000 $793,000 $3,655,000 $501,000 $1,655,000
Cash-out Refinancing 38 $39,660,000 $1,043,000 $3,755,000 $560,000 $1,777,000
Home Purchase 4 $4,360,000 $1,090,000 $1,505,000 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 196 $54,900,000 $280,000 $3,755,000 $208,000 $1,544,000
Not Provided 70 $40,580,000 $579,000 $2,065,000 $433,000 $1,777,000
Black or African American 25 $625,000 $25,000 $65,000 $70,000 $132,000
Hispanic 18 $460,000 $25,000 $85,000 $103,000 $265,000
Not applicable 10 $11,510,000 $1,151,000 $2,475,000 $0 $0
Asian 5 $705,000 $141,000 $615,000 $282,000 $662,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
FHA-insured (Federal Housing Administration) 207 $5,125,000 $24,000 $95,000 $100,000 $662,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 118 $103,680,000 $878,000 $3,755,000 $516,000 $1,777,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 141 $85,045,000 $603,000 $3,755,000 $349,000 $1,655,000
Application Denied By Financial Institution 129 $16,545,000 $128,000 $1,805,000 $170,000 $1,777,000
File Closed For Incompleteness 25 $1,735,000 $69,000 $845,000 $117,000 $662,000
Application Withdrawn By Applicant 23 $815,000 $35,000 $365,000 $132,000 $427,000
Application Approved But Not Accepted 7 $4,665,000 $666,000 $1,685,000 $351,000 $1,007,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 196 $92,260,000 $470,000 $3,755,000 $291,000 $1,655,000
Other 45 $3,805,000 $84,000 $875,000 $163,000 $1,500,000
Debt-To-Income Ratio 44 $11,000,000 $250,000 $1,805,000 $264,000 $1,777,000
Credit History 39 $1,685,000 $43,000 $355,000 $74,000 $171,000
Employment History 1 $55,000 $55,000 $55,000 $85,000 $85,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Admirals Bank's 2020 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Admirals Bank's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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