Bank Rhode Island Mortgage Lending & HMDA Data, 2003
In 2003, Bank Rhode Island of Providence, RI reported 1,467 mortgage applications totaling $369.9 million. The average application was for $252,137, and applicants reported an average income of $69,174. 41% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Providence-Fall River-Warwick, RI-MA (795), Boston, MA-NH (281) and Los Angeles-Long Beach, CA (15) (applications in parentheses).
| Mortgage Company & Address | Bank Rhode Island One Turks Head Place Providence, RI 02903 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,467 |
| Total Mortgage Loan Application Amount | $369,885,000 |
| Average Mortgage Loan Application Amount | $252,137 |
| Highest Mortgage Loan Application Amount | $4,600,000 |
| Average Applicant Income | $69,174 |
| Highest Applicant Income | $3,159,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank Rhode Island filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Providence, Rhode Island | 518 | $ 66,618,000 | $ 128,606 | $ 71,000 |
| Kent, Rhode Island | 178 | $ 19,265,000 | $ 108,230 | $ 62,000 |
| Middlesex, Massachusetts | 144 | $ 53,518,000 | $ 371,652 | $ 0 |
| Suffolk, Massachusetts | 77 | $ 30,516,000 | $ 396,311 | $ 53,000 |
| Washington, Rhode Island | 56 | $ 15,676,000 | $ 279,928 | $ 65,000 |
| Essex, Massachusetts | 32 | $ 11,440,000 | $ 357,500 | $ 0 |
| Bristol, Rhode Island | 32 | $ 5,206,000 | $ 162,687 | $ 99,000 |
| Norfolk, Massachusetts | 28 | $ 11,586,000 | $ 413,785 | $ 40,000 |
| Newport, Rhode Island | 27 | $ 6,238,000 | $ 231,037 | $ 145,000 |
| Bristol, Massachusetts | 24 | $ 3,724,000 | $ 155,166 | $ 351,000 |
| Los Angeles, California | 15 | $ 6,525,000 | $ 435,000 | $ 0 |
| Santa Clara, California | 14 | $ 7,221,000 | $ 515,785 | $ 0 |
| Montgomery, Maryland | 14 | $ 6,039,000 | $ 431,357 | $ 0 |
| Barnstable, Massachusetts | 14 | $ 5,535,000 | $ 395,357 | $ 0 |
| San Diego, California | 10 | $ 4,122,000 | $ 412,200 | $ 0 |
| Worcester, Massachusetts | 10 | $ 3,388,000 | $ 338,800 | $ 15,000 |
| Plymouth, Massachusetts | 9 | $ 2,869,000 | $ 318,777 | $ 17,000 |
| Hennepin, Minnesota | 9 | $ 4,094,000 | $ 454,888 | $ 0 |
| King, Washington | 9 | $ 4,142,000 | $ 460,222 | $ 0 |
| Alameda, California | 7 | $ 3,401,000 | $ 485,857 | $ 0 |
| San Francisco, California | 7 | $ 2,982,000 | $ 426,000 | $ 0 |
| District of Columbia, District Of Columbia | 7 | $ 3,382,000 | $ 483,142 | $ 73,000 |
| Cook, Illinois | 7 | $ 2,905,000 | $ 415,000 | $ 0 |
| Maricopa, Arizona | 6 | $ 2,301,000 | $ 383,500 | $ 0 |
| Orange, California | 6 | $ 2,536,000 | $ 422,666 | $ 0 |
| Hillsborough, New Hampshire | 6 | $ 1,479,000 | $ 246,500 | $ 0 |
| Fairfax, Virginia | 6 | $ 2,991,000 | $ 498,500 | $ 0 |
| Fairfield, Connecticut | 5 | $ 2,767,000 | $ 553,400 | $ 0 |
| Suffolk, New York | 5 | $ 2,996,000 | $ 599,200 | $ 205,000 |
| Contra Costa, California | 4 | $ 1,662,000 | $ 415,500 | $ 0 |
| Marin, California | 4 | $ 2,046,000 | $ 511,500 | $ 0 |
| San Mateo, California | 4 | $ 1,777,000 | $ 444,250 | $ 0 |
| Ventura, California | 4 | $ 1,598,000 | $ 399,500 | $ 0 |
| Arapahoe, Colorado | 4 | $ 1,553,000 | $ 388,250 | $ 0 |
| Gwinnett, Georgia | 4 | $ 905,000 | $ 226,250 | $ 0 |
| Collin, Texas | 4 | $ 1,122,000 | $ 280,500 | $ 0 |
| Dallas, Texas | 4 | $ 1,669,000 | $ 417,250 | $ 0 |
| Harris, Texas | 4 | $ 1,288,000 | $ 322,000 | $ 0 |
| Boulder, Colorado | 3 | $ 1,301,000 | $ 433,666 | $ 0 |
| Douglas, Colorado | 3 | $ 1,838,000 | $ 612,666 | $ 0 |
| Jefferson, Colorado | 3 | $ 1,335,000 | $ 445,000 | $ 0 |
| Larimer, Colorado | 3 | $ 1,432,000 | $ 477,333 | $ 0 |
| New Haven, Connecticut | 3 | $ 1,328,000 | $ 442,666 | $ 0 |
| Fulton, Georgia | 3 | $ 1,057,000 | $ 352,333 | $ 0 |
| Washington, Minnesota | 3 | $ 1,697,000 | $ 565,666 | $ 0 |
| Essex, New Jersey | 3 | $ 1,474,000 | $ 491,333 | $ 0 |
| Nassau, New York | 3 | $ 1,705,000 | $ 568,333 | $ 0 |
| Travis, Texas | 3 | $ 1,037,000 | $ 345,666 | $ 0 |
| Prince William, Virginia | 3 | $ 1,183,000 | $ 394,333 | $ 0 |
| Jefferson, Alabama | 2 | $ 1,040,000 | $ 520,000 | $ 0 |
| Pulaski, Arkansas | 2 | $ 1,088,000 | $ 544,000 | $ 0 |
| Sonoma, California | 2 | $ 1,186,000 | $ 593,000 | $ 0 |
| Denver, Colorado | 2 | $ 708,000 | $ 354,000 | $ 0 |
| Broward, Florida | 2 | $ 934,000 | $ 467,000 | $ 0 |
| Palm Beach, Florida | 2 | $ 1,502,000 | $ 751,000 | $ 500,000 |
| Chatham, Georgia | 2 | $ 168,000 | $ 84,000 | $ 0 |
| Lake, Illinois | 2 | $ 1,064,000 | $ 532,000 | $ 0 |
| York, Maine | 2 | $ 703,000 | $ 351,500 | $ 0 |
| Howard, Maryland | 2 | $ 799,000 | $ 399,500 | $ 0 |
| Bergen, New Jersey | 2 | $ 979,000 | $ 489,500 | $ 0 |
| Mercer, New Jersey | 2 | $ 634,000 | $ 317,000 | $ 0 |
| Westchester, New York | 2 | $ 909,000 | $ 454,500 | $ 0 |
| Delaware, Pennsylvania | 2 | $ 1,311,000 | $ 655,500 | $ 0 |
| Montgomery, Pennsylvania | 2 | $ 891,000 | $ 445,500 | $ 0 |
| Shelby, Tennessee | 2 | $ 848,000 | $ 424,000 | $ 0 |
| Tarrant, Texas | 2 | $ 1,042,000 | $ 521,000 | $ 0 |
| Loudoun, Virginia | 2 | $ 906,000 | $ 453,000 | $ 0 |
| Pima, Arizona | 1 | $ 182,000 | $ 182,000 | $ 0 |
| Butte, California | 1 | $ 158,000 | $ 158,000 | $ 0 |
| El Dorado, California | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Monterey, California | 1 | $ 550,000 | $ 550,000 | $ 0 |
| Nevada, California | 1 | $ 416,000 | $ 416,000 | $ 0 |
| Riverside, California | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Sacramento, California | 1 | $ 439,000 | $ 439,000 | $ 0 |
| San Bernardino, California | 1 | $ 337,000 | $ 337,000 | $ 0 |
| Santa Barbara, California | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Santa Cruz, California | 1 | $ 412,000 | $ 412,000 | $ 0 |
| Stanislaus, California | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Adams, Colorado | 1 | $ 309,000 | $ 309,000 | $ 0 |
| Eagle, Colorado | 1 | $ 650,000 | $ 650,000 | $ 0 |
| El Paso, Colorado | 1 | $ 494,000 | $ 494,000 | $ 0 |
| Elbert, Colorado | 1 | $ 491,000 | $ 491,000 | $ 0 |
| San Miguel, Colorado | 1 | $ 370,000 | $ 370,000 | $ 0 |
| Weld, Colorado | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Litchfield, Connecticut | 1 | $ 590,000 | $ 590,000 | $ 0 |
| Collier, Florida | 1 | $ 276,000 | $ 276,000 | $ 118,000 |
| Duval, Florida | 1 | $ 608,000 | $ 608,000 | $ 0 |
| Okaloosa, Florida | 1 | $ 502,000 | $ 502,000 | $ 0 |
| Orange, Florida | 1 | $ 386,000 | $ 386,000 | $ 0 |
| St. Johns, Florida | 1 | $ 151,000 | $ 151,000 | $ 0 |
| Clarke, Georgia | 1 | $ 61,000 | $ 61,000 | $ 0 |
| Cobb, Georgia | 1 | $ 176,000 | $ 176,000 | $ 0 |
| DeKalb, Georgia | 1 | $ 324,000 | $ 324,000 | $ 0 |
| Fayette, Georgia | 1 | $ 81,000 | $ 81,000 | $ 0 |
| Forsyth, Georgia | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Hall, Georgia | 1 | $ 275,000 | $ 275,000 | $ 0 |
| DuPage, Illinois | 1 | $ 550,000 | $ 550,000 | $ 0 |
| Kane, Illinois | 1 | $ 351,000 | $ 351,000 | $ 0 |
| Boone, Indiana | 1 | $ 356,000 | $ 356,000 | $ 0 |
| Vanderburgh, Indiana | 1 | $ 111,000 | $ 111,000 | $ 0 |
| Cumberland, Maine | 1 | $ 206,000 | $ 206,000 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 431,000 | $ 431,000 | $ 0 |
| Frederick, Maryland | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Talbot, Maryland | 1 | $ 450,000 | $ 450,000 | $ 0 |
| Hampden, Massachusetts | 1 | $ 326,000 | $ 326,000 | $ 0 |
| Hampshire, Massachusetts | 1 | $ 213,000 | $ 213,000 | $ 0 |
| Nantucket, Massachusetts | 1 | $ 471,000 | $ 471,000 | $ 0 |
| Ingham, Michigan | 1 | $ 336,000 | $ 336,000 | $ 0 |
| Wayne, Michigan | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Dakota, Minnesota | 1 | $ 434,000 | $ 434,000 | $ 0 |
| St. Charles, Missouri | 1 | $ 529,000 | $ 529,000 | $ 0 |
| St. Louis, Missouri | 1 | $ 364,000 | $ 364,000 | $ 0 |
| York, Nebraska | 1 | $ 83,000 | $ 83,000 | $ 0 |
| Washoe, Nevada | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Merrimack, New Hampshire | 1 | $ 220,000 | $ 220,000 | $ 0 |
| Strafford, New Hampshire | 1 | $ 190,000 | $ 190,000 | $ 0 |
| Cape May, New Jersey | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Hunterdon, New Jersey | 1 | $ 480,000 | $ 480,000 | $ 0 |
| Middlesex, New Jersey | 1 | $ 324,000 | $ 324,000 | $ 0 |
| Monmouth, New Jersey | 1 | $ 632,000 | $ 632,000 | $ 0 |
| Morris, New Jersey | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Ocean, New Jersey | 1 | $ 546,000 | $ 546,000 | $ 0 |
| Kings, New York | 1 | $ 639,000 | $ 639,000 | $ 0 |
| Queens, New York | 1 | $ 420,000 | $ 420,000 | $ 0 |
| Richmond, New York | 1 | $ 434,000 | $ 434,000 | $ 0 |
| Dare, North Carolina | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Mecklenburg, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Franklin, Ohio | 1 | $ 481,000 | $ 481,000 | $ 0 |
| Hamilton, Ohio | 1 | $ 93,000 | $ 93,000 | $ 0 |
| Lorain, Ohio | 1 | $ 349,000 | $ 349,000 | $ 0 |
| Lucas, Ohio | 1 | $ 433,000 | $ 433,000 | $ 102,000 |
| Benton, Oregon | 1 | $ 123,000 | $ 123,000 | $ 0 |
| Lane, Oregon | 1 | $ 497,000 | $ 497,000 | $ 0 |
| Multnomah, Oregon | 1 | $ 312,000 | $ 312,000 | $ 0 |
| Bucks, Pennsylvania | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Charleston, South Carolina | 1 | $ 264,000 | $ 264,000 | $ 0 |
| Denton, Texas | 1 | $ 112,000 | $ 112,000 | $ 0 |
| El Paso, Texas | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Summit, Utah | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Albemarle, Virginia | 1 | $ 478,000 | $ 478,000 | $ 0 |
| Alexandria, Virginia | 1 | $ 125,000 | $ 125,000 | $ 155,000 |
| Fluvanna, Virginia | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Kitsap, Washington | 1 | $ 447,000 | $ 447,000 | $ 0 |
| Pierce, Washington | 1 | $ 592,000 | $ 592,000 | $ 0 |
| San Juan, Washington | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Snohomish, Washington | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Putnam, West Virginia | 1 | $ 307,000 | $ 307,000 | $ 0 |
Mortgage Loan Application Detail Totals for Bank Rhode Island in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 1,173 | $254,310,000 | $401,483 | $1,300,000 | $10,516 | $714,000 |
| Home Purchase (one-to-four family) | 264 | $95,125,000 | $355,962 | $950,000 | $21,259 | $3,159,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 30 | $20,450,000 | $681,000 | $4,600,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 657 | $269,250,000 | $395,117 | $4,600,000 | $4,235 | $3,159,000 |
| White | 600 | $79,026,000 | $402,142 | $1,300,000 | $253,142 | $1,000,000 |
| Information not provided by applicant in mail or telephone application | 180 | $17,232,000 | $81,500 | $945,000 | $75,000 | $660,000 |
| Hispanic | 11 | $1,566,000 | $142,000 | $578,000 | $81,000 | $246,000 |
| Asian or Pacific Islander | 7 | $1,123,000 | $160,000 | $425,000 | $78,000 | $180,000 |
| Other | 7 | $772,000 | $110,000 | $365,000 | $33,000 | $80,000 |
| Black | 3 | $759,000 | $253,000 | $576,000 | $74,000 | $146,000 |
| American Indian or Alaskan Native | 2 | $157,000 | $78,000 | $82,000 | $65,000 | $72,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,467 | $369,885,000 | $382,529 | $4,600,000 | $15,147 | $3,159,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Purchased By The Institution | 627 | $250,619,000 | $388,242 | $950,000 | $0 | $0 |
| Loan Originated | 605 | $93,633,000 | $405,166 | $4,600,000 | $348,000 | $3,159,000 |
| Application Denied By Financial Institution | 115 | $10,683,000 | $71,500 | $400,000 | $98,500 | $691,000 |
| Application Withdrawn By Applicant | 96 | $12,310,000 | $210,666 | $675,000 | $82,333 | $380,000 |
| Application Approved But Not Accepted | 19 | $1,603,000 | $84,000 | $294,000 | $88,000 | $660,000 |
| File Closed For Incompleteness | 5 | $1,037,000 | $207,000 | $359,000 | $92,000 | $252,000 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 55 | $4,579,000 | $83,000 | $167,000 | $70,000 | $150,000 |
| Debt-To-Income Ratio | 35 | $3,817,000 | $109,000 | $400,000 | $111,000 | $691,000 |
| Collateral | 7 | $652,000 | $93,000 | $175,000 | $78,000 | $87,000 |
| Other | 6 | $470,000 | $78,000 | $130,000 | $88,000 | $180,000 |
| Unverifiable Information | 3 | $505,000 | $168,000 | $250,000 | $167,000 | $295,000 |
| Credit Application Incomplete | 2 | $95,000 | $47,000 | $85,000 | $41,000 | $82,000 |
| Employment History | 1 | $19,000 | $19,000 | $19,000 | $16,000 | $16,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank Rhode Island's 2003 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 Bank Rhode Island'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.
For a list of all lenders in Rhode Island, download the full spreadsheet
with aggregated HMDA statistics today.
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