Citizens Bank of Pennsylvania Mortgage Lending & HMDA Data, 2003

In 2003, Citizens Bank of Pennsylvania of Philadelphia, PA reported 59,387 mortgage applications totaling $7.3 billion. The average application was for $123,655, and applicants reported an average income of $82,918. 53% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Philadelphia, PA-NJ (24,677), Pittsburgh, PA (13,481) and Harrisburg-Lebanon-Carlisle, PA (2,227) (applications in parentheses).

Mortgage Company & Address Citizens Bank of Pennsylvania
1701 John F. Kennedy Boulevard
Philadelphia, PA 19103
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 59,387
Total Mortgage Loan Application Amount $7,343,548,000
Average Mortgage Loan Application Amount $123,655
Highest Mortgage Loan Application Amount $40,000,000
Average Applicant Income $82,918
Highest Applicant Income $8,804,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank of Pennsylvania filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Citizens Bank of Pennsylvania by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Philadelphia, Pennsylvania 7,753 $ 488,551,000 $ 63,014 $ 54,000
Allegheny, Pennsylvania 7,650 $ 758,722,000 $ 99,179 $ 82,000
Montgomery, Pennsylvania 6,028 $ 1,075,201,000 $ 178,367 $ 100,000
Bucks, Pennsylvania 4,057 $ 653,453,000 $ 161,068 $ 98,000
Delaware, Pennsylvania 3,578 $ 481,272,000 $ 134,508 $ 79,000
Chester, Pennsylvania 3,261 $ 630,431,000 $ 193,324 $ 111,000
Westmoreland, Pennsylvania 2,230 $ 227,310,000 $ 101,932 $ 69,000
Luzerne, Pennsylvania 1,730 $ 134,662,000 $ 77,839 $ 57,000
Erie, Pennsylvania 1,629 $ 140,222,000 $ 86,078 $ 77,000
Berks, Pennsylvania 1,464 $ 139,313,000 $ 95,159 $ 65,000
Lancaster, Pennsylvania 1,286 $ 160,437,000 $ 124,756 $ 58,000
Butler, Pennsylvania 1,233 $ 162,915,000 $ 132,128 $ 74,000
York, Pennsylvania 1,230 $ 146,779,000 $ 119,332 $ 61,000
Washington, Pennsylvania 1,229 $ 120,043,000 $ 97,675 $ 69,000
Camden, New Jersey 1,064 $ 137,921,000 $ 129,625 $ 74,000
Dauphin, Pennsylvania 1,056 $ 120,829,000 $ 114,421 $ 62,000
Beaver, Pennsylvania 1,038 $ 90,705,000 $ 87,384 $ 71,000
Burlington, New Jersey 993 $ 157,509,000 $ 158,619 $ 98,000
Cumberland, Pennsylvania 924 $ 114,635,000 $ 124,063 $ 68,000
Monroe, Pennsylvania 800 $ 92,333,000 $ 115,416 $ 82,000
Blair, Pennsylvania 687 $ 61,195,000 $ 89,075 $ 94,000
Centre, Pennsylvania 674 $ 88,879,000 $ 131,867 $ 89,000
Middlesex, New Jersey 527 $ 94,136,000 $ 178,626 $ 93,000
Gloucester, New Jersey 515 $ 71,831,000 $ 139,477 $ 90,000
Cape May, New Jersey 461 $ 94,936,000 $ 205,934 $ 149,000
Mercer, Pennsylvania 443 $ 40,133,000 $ 90,593 $ 205,000
Crawford, Pennsylvania 381 $ 34,054,000 $ 89,380 $ 53,000
Mercer, New Jersey 359 $ 61,743,000 $ 171,986 $ 131,000
Somerset, New Jersey 306 $ 66,387,000 $ 216,950 $ 130,000
Venango, Pennsylvania 298 $ 18,356,000 $ 61,597 $ 43,000
Armstrong, Pennsylvania 293 $ 21,359,000 $ 72,897 $ 45,000
Pike, Pennsylvania 277 $ 28,086,000 $ 101,393 $ 64,000
Atlantic, New Jersey 274 $ 48,075,000 $ 175,456 $ 151,000
Morris, New Jersey 258 $ 59,128,000 $ 229,178 $ 134,000
Essex, New Jersey 200 $ 40,047,000 $ 200,235 $ 117,000
Union, New Jersey 198 $ 36,854,000 $ 186,131 $ 122,000
Ocean, New Jersey 187 $ 39,593,000 $ 211,727 $ 129,000
Lebanon, Pennsylvania 166 $ 19,894,000 $ 119,843 $ 67,000
Monmouth, New Jersey 157 $ 35,065,000 $ 223,343 $ 119,000
Hunterdon, New Jersey 131 $ 27,467,000 $ 209,671 $ 121,000
Lackawanna, Pennsylvania 126 $ 15,886,000 $ 126,079 $ 94,000
Franklin, Pennsylvania 117 $ 11,676,000 $ 99,794 $ 48,000
Lehigh, Pennsylvania 113 $ 19,277,000 $ 170,592 $ 107,000
Fayette, Pennsylvania 101 $ 8,294,000 $ 82,118 $ 62,000
Northampton, Pennsylvania 100 $ 16,461,000 $ 164,610 $ 103,000
New Castle, Delaware 86 $ 13,584,000 $ 157,953 $ 68,000
Perry, Pennsylvania 81 $ 9,039,000 $ 111,592 $ 74,000
Clarion, Pennsylvania 72 $ 5,982,000 $ 83,083 $ 62,000
Carbon, Pennsylvania 70 $ 6,163,000 $ 88,042 $ 81,000
Adams, Pennsylvania 69 $ 7,936,000 $ 115,014 $ 71,000
Sussex, New Jersey 68 $ 10,485,000 $ 154,191 $ 130,000
Mifflin, Pennsylvania 67 $ 5,426,000 $ 80,985 $ 47,000
Cambria, Pennsylvania 66 $ 5,691,000 $ 86,227 $ 54,000
Lawrence, Pennsylvania 64 $ 5,919,000 $ 92,484 $ 62,000
Bedford, Pennsylvania 62 $ 7,043,000 $ 113,596 $ 65,000
Indiana, Pennsylvania 62 $ 7,312,000 $ 117,935 $ 83,000
Bergen, New Jersey 59 $ 15,149,000 $ 256,762 $ 122,000
Warren, New Jersey 55 $ 9,661,000 $ 175,654 $ 97,000
Schuylkill, Pennsylvania 54 $ 5,314,000 $ 98,407 $ 75,000
Sussex, Delaware 47 $ 8,675,000 $ 184,574 $ 204,000
Passaic, New Jersey 46 $ 9,332,000 $ 202,869 $ 112,000
Wyoming, Pennsylvania 45 $ 4,455,000 $ 99,000 $ 64,000
Huntingdon, Pennsylvania 44 $ 4,774,000 $ 108,500 $ 60,000
Somerset, Pennsylvania 40 $ 3,897,000 $ 97,425 $ 104,000
Middlesex, Massachusetts 36 $ 11,636,000 $ 323,222 $ 233,000
Clearfield, Pennsylvania 36 $ 3,069,000 $ 85,250 $ 58,000
Salem, New Jersey 34 $ 4,209,000 $ 123,794 $ 81,000
Wayne, Pennsylvania 32 $ 3,224,000 $ 100,750 $ 80,000
Hudson, New Jersey 31 $ 5,693,000 $ 183,645 $ 97,000
Columbia, Pennsylvania 22 $ 1,876,000 $ 85,272 $ 64,000
Norfolk, Massachusetts 21 $ 5,820,000 $ 277,142 $ 136,000
Cumberland, New Jersey 21 $ 2,292,000 $ 109,142 $ 83,000
Greene, Pennsylvania 16 $ 1,047,000 $ 65,437 $ 46,000
Barnstable, Massachusetts 14 $ 2,801,000 $ 200,071 $ 111,000
Essex, Massachusetts 14 $ 3,886,000 $ 277,571 $ 119,000
Suffolk, Massachusetts 14 $ 4,555,000 $ 325,357 $ 75,000
Juniata, Pennsylvania 14 $ 1,419,000 $ 101,357 $ 51,000
Warren, Pennsylvania 14 $ 1,185,000 $ 84,642 $ 61,000
Rockingham, New Hampshire 13 $ 3,478,000 $ 267,538 $ 72,000
Lycoming, Pennsylvania 13 $ 1,299,000 $ 99,923 $ 74,000
Northumberland, Pennsylvania 13 $ 1,153,000 $ 88,692 $ 70,000
Providence, Rhode Island 13 $ 2,467,000 $ 189,769 $ 48,000
Worcester, Maryland 12 $ 1,405,000 $ 117,083 $ 159,000
Clinton, Pennsylvania 12 $ 737,000 $ 61,416 $ 36,000
New Haven, Connecticut 10 $ 2,318,000 $ 231,800 $ 170,000
Hillsborough, New Hampshire 10 $ 2,430,000 $ 243,000 $ 98,000
Union, Pennsylvania 10 $ 1,297,000 $ 129,700 $ 80,000
Kent, Rhode Island 10 $ 2,562,000 $ 256,200 $ 170,000
Trumbull, Ohio 9 $ 710,000 $ 78,888 $ 41,000
Forest, Pennsylvania 9 $ 346,000 $ 38,444 $ 36,000
Plymouth, Massachusetts 8 $ 2,470,000 $ 308,750 $ 79,000
Susquehanna, Pennsylvania 8 $ 768,000 $ 96,000 $ 87,000
Washington, Rhode Island 7 $ 2,648,000 $ 378,285 $ 424,000
Cecil, Maryland 6 $ 845,000 $ 140,833 $ 129,000
Montgomery, Maryland 6 $ 758,000 $ 126,333 $ 95,000
Jefferson, Pennsylvania 6 $ 536,000 $ 89,333 $ 79,000
Newport, Rhode Island 6 $ 1,792,000 $ 298,666 $ 339,000
Baltimore, Maryland 5 $ 500,000 $ 100,000 $ 58,000
Worcester, Massachusetts 5 $ 1,365,000 $ 273,000 $ 126,000
Orange, New York 5 $ 12,000 $ 2,400 $ 20,000
Snyder, Pennsylvania 5 $ 335,000 $ 67,000 $ 45,000
New London, Connecticut 4 $ 929,000 $ 232,250 $ 117,000
Kent, Delaware 4 $ 483,000 $ 120,750 $ 103,000
York, Maine 4 $ 664,000 $ 166,000 $ 96,000
Anne Arundel, Maryland 4 $ 819,000 $ 204,750 $ 141,000
Garrett, Maryland 4 $ 459,000 $ 114,750 $ 151,000
Prince George's, Maryland 4 $ 378,000 $ 94,500 $ 51,000
Cuyahoga, Ohio 4 $ 432,000 $ 108,000 $ 99,000
Cheyenne, Colorado 3 $ 481,000 $ 160,333 $ 99,000
Harford, Maryland 3 $ 460,000 $ 153,333 $ 228,000
Kent, Maryland 3 $ 294,000 $ 98,000 $ 137,000
Nantucket, Massachusetts 3 $ 1,311,000 $ 437,000 $ 411,000
Chautauqua, New York 3 $ 187,000 $ 62,333 $ 24,000
Columbiana, Ohio 3 $ 102,000 $ 34,000 $ 45,000
Mahoning, Ohio 3 $ 453,000 $ 151,000 $ 53,000
Elk, Pennsylvania 3 $ 728,000 $ 242,666 $ 134,000
Montour, Pennsylvania 3 $ 305,000 $ 101,666 $ 110,000
Carroll, Maryland 2 $ 258,000 $ 129,000 $ 72,000
Dorchester, Maryland 2 $ 363,000 $ 181,500 $ 118,000
Howard, Maryland 2 $ 222,000 $ 111,000 $ 137,000
Dukes, Massachusetts 2 $ 695,000 $ 347,500 $ 291,000
Carroll, New Hampshire 2 $ 551,000 $ 275,500 $ 240,000
Merrimack, New Hampshire 2 $ 439,000 $ 219,500 $ 90,000
Strafford, New Hampshire 2 $ 111,000 $ 55,500 $ 69,000
Sullivan, New Hampshire 2 $ 227,000 $ 113,500 $ 159,000
Suffolk, New York 2 $ 420,000 $ 210,000 $ 64,000
Bradford, Pennsylvania 2 $ 200,000 $ 100,000 $ 54,000
Fulton, Pennsylvania 2 $ 145,000 $ 72,500 $ 65,000
Sullivan, Pennsylvania 2 $ 308,000 $ 154,000 $ 210,000
Tioga, Pennsylvania 2 $ 400,000 $ 200,000 $ 60,000
Bristol, Rhode Island 2 $ 389,000 $ 194,500 $ 253,000
Fairfax, Virginia 2 $ 236,000 $ 118,000 $ 42,000
Brooke, West Virginia 2 $ 202,000 $ 101,000 $ 33,000
Hancock, West Virginia 2 $ 14,000 $ 7,000 $ 29,000
Fremont, Wyoming 2 $ 260,000 $ 130,000 $ 100,000
Fairfield, Connecticut 1 $ 272,000 $ 272,000 $ 197,000
Hartford, Connecticut 1 $ 108,000 $ 108,000 $ 70,000
Middlesex, Connecticut 1 $ 250,000 $ 250,000 $ 200,000
Miami-Dade, Florida 1 $ 107,000 $ 107,000 $ 48,000
Monroe, Florida 1 $ 1,000,000 $ 1,000,000 $ 615,000
Palm Beach, Florida 1 $ 92,000 $ 92,000 $ 138,000
Harlan, Kentucky 1 $ 185,000 $ 185,000 $ 88,000
McCracken, Kentucky 1 $ 6,000 $ 6,000 $ 19,000
St. Tammany, Louisiana 1 $ 600,000 $ 600,000 $ 288,000
Cumberland, Maine 1 $ 233,000 $ 233,000 $ 275,000
Baltimore City, Maryland 1 $ 75,000 $ 75,000 $ 76,000
Frederick, Maryland 1 $ 56,000 $ 56,000 $ 175,000
Talbot, Maryland 1 $ 256,000 $ 256,000 $ 269,000
Washington, Maryland 1 $ 152,000 $ 152,000 $ 106,000
Bristol, Massachusetts 1 $ 188,000 $ 188,000 $ 85,000
Belknap, New Hampshire 1 $ 200,000 $ 200,000 $ 64,000
Grafton, New Hampshire 1 $ 200,000 $ 200,000 $ 150,000
McKinley, New Mexico 1 $ 600,000 $ 600,000 $ 540,000
Kings, New York 1 $ 158,000 $ 158,000 $ 48,000
New York, New York 1 $ 1,000 $ 1,000 $ 50,000
Beaufort, North Carolina 1 $ 10,000 $ 10,000 $ 48,000
Brunswick, North Carolina 1 $ 189,000 $ 189,000 $ 204,000
Franklin, North Carolina 1 $ 175,000 $ 175,000 $ 60,000
Orange, North Carolina 1 $ 150,000 $ 150,000 $ 68,000
Fairfield, Ohio 1 $ 135,000 $ 135,000 $ 130,000
Franklin, Ohio 1 $ 111,000 $ 111,000 $ 161,000
Lake, Ohio 1 $ 160,000 $ 160,000 $ 90,000
Meigs, Ohio 1 $ 114,000 $ 114,000 $ 106,000
Summit, Ohio 1 $ 3,000 $ 3,000 $ 17,000
McKean, Pennsylvania 1 $ 77,000 $ 77,000 $ 144,000
Potter, Pennsylvania 1 $ 128,000 $ 128,000 $ 50,000
Charleston, South Carolina 1 $ 5,000 $ 5,000 $ 25,000
Salt Lake, Utah 1 $ 95,000 $ 95,000 $ 59,000
Addison, Vermont 1 $ 200,000 $ 200,000 $ 161,000
Windsor, Vermont 1 $ 100,000 $ 100,000 $ 262,000
Wetzel, West Virginia 1 $ 1,000 $ 1,000 $ 20,000
Hot Springs, Wyoming 1 $ 396,000 $ 396,000 $ 450,000

Mortgage Loan Application Detail Totals for Citizens Bank of Pennsylvania 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) 43,974 $6,318,420,000 $209,333 $2,133,000 $135,476 $8,804,000
Home Improvement (one-to-four family) 14,299 $838,405,000 $103,466 $3,100,000 $122,133 $5,000,000
Home Purchase (one-to-four family) 1,099 $119,121,000 $225,000 $3,300,000 $141,250 $5,262,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 15 $67,602,000 $4,506,000 $40,000,000 $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 41,627 $5,331,854,000 $218,238 $4,057,000 $177,904 $8,400,000
Information not provided by applicant in mail or telephone application 9,670 $1,326,893,000 $130,692 $12,401,000 $89,923 $8,804,000
Black 4,644 $220,617,000 $107,222 $750,000 $66,444 $1,362,000
Asian or Pacific Islander 1,592 $232,541,000 $191,333 $1,190,000 $115,500 $948,000
Hispanic 1,041 $72,749,000 $156,625 $1,000,000 $108,250 $3,002,000
Other 668 $86,606,000 $249,200 $800,000 $108,000 $960,000
American Indian or Alaskan Native 114 $15,514,000 $156,500 $750,000 $97,500 $445,000
Not applicable 31 $56,774,000 $973,000 $40,000,000 $147,000 $5,262,000

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) 59,387 $7,343,548,000 $197,565 $40,000,000 $145,217 $8,804,000
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 Originated 31,297 $4,311,140,000 $179,066 $12,401,000 $166,200 $8,804,000
Application Denied By Financial Institution 18,146 $1,699,528,000 $180,764 $2,000,000 $126,117 $8,400,000
Application Approved But Not Accepted 8,627 $1,110,872,000 $138,600 $1,452,000 $119,000 $2,571,000
Loan Purchased By The Institution 1,169 $155,947,000 $272,300 $3,300,000 $172,900 $1,464,000
Application Withdrawn By Applicant 147 $65,981,000 $358,000 $40,000,000 $132,000 $1,140,000
File Closed For Incompleteness 1 $80,000 $80,000 $80,000 $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
Credit History 8,553 $602,565,000 $72,363 $1,190,000 $58,636 $5,000,000
Debt-To-Income Ratio 5,377 $530,981,000 $102,777 $2,000,000 $56,555 $1,956,000
Collateral 2,356 $330,256,000 $240,700 $1,375,000 $168,400 $3,002,000
Other 1,460 $179,431,000 $183,300 $1,150,000 $116,200 $2,178,000
Credit Application Incomplete 204 $24,832,000 $154,250 $1,000,000 $142,750 $4,774,000
Unverifiable Information 155 $26,493,000 $176,000 $700,000 $100,500 $8,400,000
Employment History 41 $4,970,000 $115,500 $500,000 $43,000 $240,000
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 Citizens Bank of Pennsylvania'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 Citizens Bank of Pennsylvania'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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