Citizens Bank of Rhode Island Mortgage Lending & HMDA Data, 2005

In 2005, Citizens Bank of Rhode Island of Providence, RI reported 5,722 mortgage applications totaling $556.5 million, down 33% from 2004. The average application was for $97,264, and applicants reported an average income of $77,811. 58% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (5,205), Worcester, MA (22) and Boston-Quincy, MA (20) (applications in parentheses).

Mortgage Company & Address Citizens Bank of Rhode Island
One Citizens Plaza
Providence, RI 02903
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 5,722
Total Mortgage Loan Application Amount $556,549,000
Average Mortgage Loan Application Amount $97,264
Highest Mortgage Loan Application Amount $3,600,000
Average Applicant Income $77,811
Highest Applicant Income $2,078,000

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records Citizens Bank of Rhode Island filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Citizens Bank of Rhode Island by County in 2005

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 3,137 $ 246,360,000 $ 78,533 $ 73,000
Kent, Rhode Island 1,048 $ 79,633,000 $ 75,985 $ 77,000
Washington, Rhode Island 598 $ 52,794,000 $ 88,284 $ 87,000
Bristol, Rhode Island 239 $ 24,471,000 $ 102,389 $ 86,000
Newport, Rhode Island 183 $ 22,940,000 $ 125,355 $ 108,000
Bristol, Massachusetts 124 $ 13,409,000 $ 108,137 $ 82,000
Windham, Connecticut 30 $ 3,169,000 $ 105,633 $ 59,000
Worcester, Massachusetts 22 $ 2,359,000 $ 107,227 $ 79,000
New London, Connecticut 12 $ 795,000 $ 66,250 $ 105,000
Los Angeles, California 10 $ 3,879,000 $ 387,900 $ 0
Norfolk, Massachusetts 10 $ 1,524,000 $ 152,400 $ 106,000
District of Columbia, District Of Columbia 9 $ 4,315,000 $ 479,444 $ 0
Barnstable, Massachusetts 8 $ 1,702,000 $ 212,750 $ 94,000
Oneida, New York 8 $ 77,000 $ 9,625 $ 26,000
Middlesex, Massachusetts 6 $ 1,294,000 $ 215,666 $ 105,000
Plymouth, Massachusetts 6 $ 295,000 $ 49,166 $ 78,000
Erie, New York 6 $ 134,000 $ 22,333 $ 32,000
Blair, Pennsylvania 6 $ 65,000 $ 10,833 $ 28,000
Queens, New York 5 $ 2,007,000 $ 401,400 $ 0
Maricopa, Arizona 4 $ 1,863,000 $ 465,750 $ 0
Alameda, California 4 $ 1,429,000 $ 357,250 $ 0
San Mateo, California 4 $ 1,766,000 $ 441,500 $ 0
Fairfield, Connecticut 4 $ 1,859,000 $ 464,750 $ 43,000
Cook, Illinois 4 $ 1,895,000 $ 473,750 $ 0
York, Maine 4 $ 157,000 $ 39,250 $ 86,000
Suffolk, Massachusetts 4 $ 801,000 $ 200,250 $ 31,000
Nassau, New York 4 $ 1,277,000 $ 319,250 $ 0
Harris, Texas 4 $ 1,261,000 $ 315,250 $ 0
Orange, California 3 $ 1,497,000 $ 499,000 $ 0
Riverside, California 3 $ 1,369,000 $ 456,333 $ 0
San Diego, California 3 $ 2,244,000 $ 748,000 $ 0
San Joaquin, California 3 $ 1,697,000 $ 565,666 $ 0
Denver, Colorado 3 $ 1,631,000 $ 543,666 $ 0
Collier, Florida 3 $ 1,380,000 $ 460,000 $ 42,000
Duval, Florida 3 $ 1,499,000 $ 499,666 $ 0
Palm Beach, Florida 3 $ 808,000 $ 269,333 $ 0
Fulton, Georgia 3 $ 2,389,000 $ 796,333 $ 0
Essex, Massachusetts 3 $ 109,000 $ 36,333 $ 49,000
St. Louis, Missouri 3 $ 1,548,000 $ 516,000 $ 0
Clark, Nevada 3 $ 1,061,000 $ 353,666 $ 0
Albany, New York 3 $ 194,000 $ 64,666 $ 135,000
Franklin, New York 3 $ 158,000 $ 52,666 $ 31,000
Onondaga, New York 3 $ 158,000 $ 52,666 $ 41,000
Dallas, Texas 3 $ 2,674,000 $ 891,333 $ 0
Fort Bend, Texas 3 $ 638,000 $ 212,666 $ 0
Windsor, Vermont 3 $ 419,000 $ 139,666 $ 60,000
King, Washington 3 $ 1,168,000 $ 389,333 $ 0
Gila, Arizona 2 $ 946,000 $ 473,000 $ 0
Mohave, Arizona 2 $ 1,191,000 $ 595,500 $ 0
Tulare, California 2 $ 811,000 $ 405,500 $ 0
Hillsborough, Florida 2 $ 162,000 $ 81,000 $ 0
Lee, Florida 2 $ 218,000 $ 109,000 $ 35,000
Cumberland, Maine 2 $ 596,000 $ 298,000 $ 128,000
Montgomery, Maryland 2 $ 1,811,000 $ 905,500 $ 0
Dukes, Massachusetts 2 $ 860,000 $ 430,000 $ 55,000
Oakland, Michigan 2 $ 572,000 $ 286,000 $ 0
Gallatin, Montana 2 $ 1,027,000 $ 513,500 $ 0
Douglas, Nebraska 2 $ 1,107,000 $ 553,500 $ 0
Cheshire, New Hampshire 2 $ 81,000 $ 40,500 $ 57,000
Grafton, New Hampshire 2 $ 130,000 $ 65,000 $ 115,000
Atlantic, New Jersey 2 $ 231,000 $ 115,500 $ 71,000
Clinton, New York 2 $ 31,000 $ 15,500 $ 29,000
Monroe, New York 2 $ 47,000 $ 23,500 $ 155,000
Ontario, New York 2 $ 218,000 $ 109,000 $ 71,000
Davidson, Tennessee 2 $ 845,000 $ 422,500 $ 0
Hamilton, Tennessee 2 $ 655,000 $ 327,500 $ 0
Knox, Tennessee 2 $ 1,210,000 $ 605,000 $ 0
Collin, Texas 2 $ 705,000 $ 352,500 $ 0
Montgomery, Texas 2 $ 997,000 $ 498,500 $ 0
Fairfax, Virginia 2 $ 854,000 $ 427,000 $ 0
Thurston, Washington 2 $ 899,000 $ 449,500 $ 0
Jefferson, Alabama 1 $ 547,000 $ 547,000 $ 0
Yavapai, Arizona 1 $ 1,087,000 $ 1,087,000 $ 0
El Dorado, California 1 $ 414,000 $ 414,000 $ 0
Nevada, California 1 $ 546,000 $ 546,000 $ 0
Placer, California 1 $ 655,000 $ 655,000 $ 0
Sacramento, California 1 $ 495,000 $ 495,000 $ 0
San Francisco, California 1 $ 547,000 $ 547,000 $ 0
Sonoma, California 1 $ 389,000 $ 389,000 $ 0
Stanislaus, California 1 $ 453,000 $ 453,000 $ 0
Ventura, California 1 $ 479,000 $ 479,000 $ 0
Adams, Colorado 1 $ 220,000 $ 220,000 $ 0
Broomfield, Colorado 1 $ 513,000 $ 513,000 $ 0
Douglas, Colorado 1 $ 1,448,000 $ 1,448,000 $ 0
Eagle, Colorado 1 $ 628,000 $ 628,000 $ 0
El Paso, Colorado 1 $ 506,000 $ 506,000 $ 0
Larimer, Colorado 1 $ 646,000 $ 646,000 $ 0
Weld, Colorado 1 $ 291,000 $ 291,000 $ 0
Hartford, Connecticut 1 $ 95,000 $ 95,000 $ 17,000
Litchfield, Connecticut 1 $ 423,000 $ 423,000 $ 0
Bay, Florida 1 $ 368,000 $ 368,000 $ 0
Broward, Florida 1 $ 319,000 $ 319,000 $ 281,000
Charlotte, Florida 1 $ 100,000 $ 100,000 $ 114,000
Clay, Florida 1 $ 349,000 $ 349,000 $ 173,000
Flagler, Florida 1 $ 88,000 $ 88,000 $ 0
Manatee, Florida 1 $ 463,000 $ 463,000 $ 0
Marion, Florida 1 $ 75,000 $ 75,000 $ 59,000
Miami-Dade, Florida 1 $ 982,000 $ 982,000 $ 0
Nassau, Florida 1 $ 638,000 $ 638,000 $ 0
Pinellas, Florida 1 $ 128,000 $ 128,000 $ 51,000
Sarasota, Florida 1 $ 720,000 $ 720,000 $ 0
St. Johns, Florida 1 $ 169,000 $ 169,000 $ 0
Columbia, Georgia 1 $ 966,000 $ 966,000 $ 0
Henry, Georgia 1 $ 613,000 $ 613,000 $ 0
Morgan, Georgia 1 $ 589,000 $ 589,000 $ 0
Honolulu, Hawaii 1 $ 614,000 $ 614,000 $ 0
Ada, Idaho 1 $ 499,000 $ 499,000 $ 0
Blaine, Idaho 1 $ 643,000 $ 643,000 $ 0
Champaign, Illinois 1 $ 145,000 $ 145,000 $ 0
DeKalb, Illinois 1 $ 294,000 $ 294,000 $ 0
DuPage, Illinois 1 $ 317,000 $ 317,000 $ 0
Kane, Illinois 1 $ 297,000 $ 297,000 $ 0
Macon, Illinois 1 $ 648,000 $ 648,000 $ 0
Will, Illinois 1 $ 201,000 $ 201,000 $ 0
Marion, Indiana 1 $ 543,000 $ 543,000 $ 0
Johnson, Kansas 1 $ 493,000 $ 493,000 $ 0
Shawnee, Kansas 1 $ 467,000 $ 467,000 $ 0
Laurel, Kentucky 1 $ 511,000 $ 511,000 $ 0
Hancock, Maine 1 $ 125,000 $ 125,000 $ 192,000
Kennebec, Maine 1 $ 100,000 $ 100,000 $ 111,000
Oxford, Maine 1 $ 112,000 $ 112,000 $ 151,000
Baltimore, Maryland 1 $ 89,000 $ 89,000 $ 0
Baltimore City, Maryland 1 $ 483,000 $ 483,000 $ 0
Charles, Maryland 1 $ 379,000 $ 379,000 $ 114,000
Harford, Maryland 1 $ 19,000 $ 19,000 $ 80,000
Prince George's, Maryland 1 $ 446,000 $ 446,000 $ 0
Grand Traverse, Michigan 1 $ 537,000 $ 537,000 $ 0
Macomb, Michigan 1 $ 633,000 $ 633,000 $ 0
Dakota, Minnesota 1 $ 465,000 $ 465,000 $ 0
Hennepin, Minnesota 1 $ 377,000 $ 377,000 $ 0
Ramsey, Minnesota 1 $ 345,000 $ 345,000 $ 0
Yellowstone, Montana 1 $ 273,000 $ 273,000 $ 0
Carson City, Nevada 1 $ 85,000 $ 85,000 $ 0
Washoe, Nevada 1 $ 595,000 $ 595,000 $ 0
Carroll, New Hampshire 1 $ 150,000 $ 150,000 $ 250,000
Rockingham, New Hampshire 1 $ 362,000 $ 362,000 $ 0
Middlesex, New Jersey 1 $ 126,000 $ 126,000 $ 0
Union, New Jersey 1 $ 994,000 $ 994,000 $ 247,000
Chemung, New York 1 $ 37,000 $ 37,000 $ 140,000
Fulton, New York 1 $ 56,000 $ 56,000 $ 60,000
Montgomery, New York 1 $ 45,000 $ 45,000 $ 35,000
Oswego, New York 1 $ 75,000 $ 75,000 $ 83,000
Rensselaer, New York 1 $ 20,000 $ 20,000 $ 81,000
Richmond, New York 1 $ 143,000 $ 143,000 $ 0
Rockland, New York 1 $ 629,000 $ 629,000 $ 0
Steuben, New York 1 $ 3,000 $ 3,000 $ 8,000
Suffolk, New York 1 $ 536,000 $ 536,000 $ 0
Sullivan, New York 1 $ 25,000 $ 25,000 $ 39,000
Warren, New York 1 $ 3,000 $ 3,000 $ 8,000
Westchester, New York 1 $ 358,000 $ 358,000 $ 0
Durham, North Carolina 1 $ 589,000 $ 589,000 $ 0
New Hanover, North Carolina 1 $ 817,000 $ 817,000 $ 0
Wake, North Carolina 1 $ 556,000 $ 556,000 $ 0
Delaware, Ohio 1 $ 483,000 $ 483,000 $ 0
Franklin, Ohio 1 $ 390,000 $ 390,000 $ 0
Grady, Oklahoma 1 $ 52,000 $ 52,000 $ 0
Oklahoma, Oklahoma 1 $ 246,000 $ 246,000 $ 0
Tulsa, Oklahoma 1 $ 996,000 $ 996,000 $ 0
Clackamas, Oregon 1 $ 422,000 $ 422,000 $ 0
Deschutes, Oregon 1 $ 533,000 $ 533,000 $ 0
Multnomah, Oregon 1 $ 39,000 $ 39,000 $ 0
Washington, Oregon 1 $ 691,000 $ 691,000 $ 0
Northampton, Pennsylvania 1 $ 78,000 $ 78,000 $ 0
Philadelphia, Pennsylvania 1 $ 10,000 $ 10,000 $ 46,000
Beaufort, South Carolina 1 $ 473,000 $ 473,000 $ 0
Minnehaha, South Dakota 1 $ 106,000 $ 106,000 $ 0
Williamson, Tennessee 1 $ 379,000 $ 379,000 $ 0
Comal, Texas 1 $ 74,000 $ 74,000 $ 0
Hidalgo, Texas 1 $ 105,000 $ 105,000 $ 0
Tarrant, Texas 1 $ 68,000 $ 68,000 $ 0
Travis, Texas 1 $ 115,000 $ 115,000 $ 0
Davis, Utah 1 $ 606,000 $ 606,000 $ 0
Utah, Utah 1 $ 613,000 $ 613,000 $ 0
Chittenden, Vermont 1 $ 291,000 $ 291,000 $ 295,000
Orange, Vermont 1 $ 40,000 $ 40,000 $ 202,000
Rutland, Vermont 1 $ 541,000 $ 541,000 $ 432,000
Arlington, Virginia 1 $ 589,000 $ 589,000 $ 0
Clark, Washington 1 $ 506,000 $ 506,000 $ 0
Pierce, Washington 1 $ 411,000 $ 411,000 $ 0
Snohomish, Washington 1 $ 498,000 $ 498,000 $ 0
Jefferson, West Virginia 1 $ 125,000 $ 125,000 $ 90,000
Ozaukee, Wisconsin 1 $ 388,000 $ 388,000 $ 0
Rock, Wisconsin 1 $ 72,000 $ 72,000 $ 0
Waukesha, Wisconsin 1 $ 534,000 $ 534,000 $ 0
Sheridan, Wyoming 1 $ 492,000 $ 492,000 $ 0

Mortgage Loan Application Detail Totals for Citizens Bank of Rhode Island in 2005

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 2,619 $129,163,000 $51,285 $1,326,000 $67,857 $1,100,000
Refinancing 2,604 $330,516,000 $379,775 $3,600,000 $24,600 $2,078,000
Home Purchase 499 $96,870,000 $445,633 $1,000,000 $23,200 $936,000

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 4,137 $343,524,000 $109,454 $1,326,000 $105,727 $2,078,000
Not Provided 647 $46,155,000 $68,800 $490,000 $70,000 $485,000
Hispanic 445 $35,298,000 $79,833 $350,000 $68,000 $895,000
Not applicable 225 $105,467,000 $466,243 $3,600,000 $0 $0
Black or African American 124 $12,369,000 $101,250 $510,000 $57,500 $800,000
Asian 101 $10,807,000 $274,200 $994,000 $125,200 $382,000
American Indian or Alaskan Native 25 $1,744,000 $42,666 $225,000 $67,666 $157,000
Native Hawaiian or Other Pacific Islander 18 $1,185,000 $42,666 $200,000 $77,666 $157,000

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) 5,722 $556,549,000 $396,581 $3,600,000 $23,744 $2,078,000
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 3,335 $241,276,000 $64,000 $3,600,000 $98,100 $847,000
Application Denied By Financial Institution 1,428 $117,683,000 $75,375 $1,326,000 $73,500 $1,100,000
Loan Purchased By The Institution 516 $158,261,000 $442,809 $1,448,000 $15,500 $936,000
Application Approved But Not Accepted 434 $37,941,000 $84,200 $400,000 $87,200 $2,078,000
Application Withdrawn By Applicant 9 $1,388,000 $123,000 $250,000 $124,666 $180,000
File Closed For Incompleteness 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
Credit History 534 $36,711,000 $56,400 $375,000 $54,000 $1,100,000
Debt-To-Income Ratio 514 $44,634,000 $74,800 $600,000 $40,200 $183,000
Collateral 191 $22,814,000 $109,666 $1,326,000 $112,333 $343,000
Other 121 $8,330,000 $67,000 $310,000 $65,000 $471,000
Unverifiable Information 51 $4,272,000 $69,500 $350,000 $46,833 $425,000
Credit Application Incomplete 14 $877,000 $62,000 $174,000 $183,000 $638,000
Employment History 3 $45,000 $13,500 $25,000 $17,500 $20,000
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 Rhode Island's 2005 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 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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