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records Citizens Bank of Rhode Island filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Providence-New Bedford-Fall River, RI-MA | 5,205 | $ 426,198,000 | $ 81,882 | $ 81,000 |
| Worcester, MA | 22 | $ 2,359,000 | $ 107,227 | $ 79,000 |
| Boston-Quincy, MA | 20 | $ 2,620,000 | $ 131,000 | $ 79,000 |
| Norwich-New London, CT | 12 | $ 795,000 | $ 66,250 | $ 105,000 |
| Los Angeles-Long Beach-Glendale, CA | 10 | $ 3,879,000 | $ 387,900 | $ 0 |
| Houston-Baytown-Sugar Land, TX | 9 | $ 2,896,000 | $ 321,777 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 9 | $ 4,315,000 | $ 479,444 | $ 0 |
| Barnstable Town, MA | 8 | $ 1,702,000 | $ 212,750 | $ 94,000 |
| Chicago-Naperville-Joliet, IL | 8 | $ 3,004,000 | $ 375,500 | $ 0 |
| New York-Wayne-White Plains, NY-NJ | 8 | $ 3,137,000 | $ 392,125 | $ 0 |
| Utica-Rome, NY | 8 | $ 77,000 | $ 9,625 | $ 26,000 |
| Altoona, PA | 6 | $ 65,000 | $ 10,833 | $ 28,000 |
| Buffalo-Niagara Falls, NY | 6 | $ 134,000 | $ 22,333 | $ 32,000 |
| Cambridge-Newton-Framingham, MA | 6 | $ 1,294,000 | $ 215,666 | $ 105,000 |
| Denver-Aurora, CO | 6 | $ 3,812,000 | $ 635,333 | $ 0 |
| Jacksonville, FL | 6 | $ 2,655,000 | $ 442,500 | $ 43,000 |
| Portland-South Portland-Biddeford, ME | 6 | $ 753,000 | $ 125,500 | $ 107,000 |
| Dallas-Plano-Irving, TX | 5 | $ 3,379,000 | $ 675,800 | $ 0 |
| Nassau-Suffolk, NY | 5 | $ 1,813,000 | $ 362,600 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 5 | $ 2,313,000 | $ 462,600 | $ 0 |
| Albany-Schenectady-Troy, NY | 4 | $ 214,000 | $ 53,500 | $ 117,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 3,002,000 | $ 750,500 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 1,859,000 | $ 464,750 | $ 43,000 |
| Oakland-Fremont-Hayward, CA | 4 | $ 1,429,000 | $ 357,250 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 1,863,000 | $ 465,750 | $ 0 |
| Rochester, NY | 4 | $ 265,000 | $ 66,250 | $ 113,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 1,666,000 | $ 416,500 | $ 0 |
| Syracuse, NY | 4 | $ 233,000 | $ 58,250 | $ 52,000 |
| Baltimore-Towson, MD | 3 | $ 591,000 | $ 197,000 | $ 26,000 |
| Essex County, MA | 3 | $ 109,000 | $ 36,333 | $ 49,000 |
| Las Vegas-Paradise, NV | 3 | $ 1,061,000 | $ 353,666 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 1,187,000 | $ 395,666 | $ 0 |
| Naples-Marco Island, FL | 3 | $ 1,380,000 | $ 460,000 | $ 42,000 |
| Nashville-Davidson--Murfreesboro, TN | 3 | $ 1,224,000 | $ 408,000 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 3 | $ 1,152,000 | $ 384,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 1,369,000 | $ 456,333 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 1,564,000 | $ 521,333 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 2,244,000 | $ 748,000 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 3 | $ 1,497,000 | $ 499,000 | $ 0 |
| St. Louis, MO-IL | 3 | $ 1,548,000 | $ 516,000 | $ 0 |
| Stockton, CA | 3 | $ 1,697,000 | $ 565,666 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 290,000 | $ 96,666 | $ 17,000 |
| Warren-Farmington Hills-Troy, MI | 3 | $ 1,205,000 | $ 401,666 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 808,000 | $ 269,333 | $ 0 |
| Atlantic City, NJ | 2 | $ 231,000 | $ 115,500 | $ 71,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 1,811,000 | $ 905,500 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 218,000 | $ 109,000 | $ 35,000 |
| Chattanooga, TN-GA | 2 | $ 655,000 | $ 327,500 | $ 0 |
| Columbus, OH | 2 | $ 873,000 | $ 436,500 | $ 0 |
| Knoxville, TN | 2 | $ 1,210,000 | $ 605,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 922,000 | $ 461,000 | $ 0 |
| Oklahoma City, OK | 2 | $ 298,000 | $ 149,000 | $ 0 |
| Olympia, WA | 2 | $ 899,000 | $ 449,500 | $ 0 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 1,107,000 | $ 553,500 | $ 0 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 1,183,000 | $ 591,500 | $ 0 |
| Visalia-Porterville, CA | 2 | $ 811,000 | $ 405,500 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 78,000 | $ 78,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 1 | $ 966,000 | $ 966,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Bend, OR | 1 | $ 533,000 | $ 533,000 | $ 0 |
| Billings, MT | 1 | $ 273,000 | $ 273,000 | $ 0 |
| Birmingham-Hoover, AL | 1 | $ 547,000 | $ 547,000 | $ 0 |
| Boise City-Nampa, ID | 1 | $ 499,000 | $ 499,000 | $ 0 |
| Burlington-South Burlington, VT | 1 | $ 291,000 | $ 291,000 | $ 295,000 |
| Carson City, NV | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Champaign-Urbana, IL | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 506,000 | $ 506,000 | $ 0 |
| Decatur, IL | 1 | $ 648,000 | $ 648,000 | $ 0 |
| Durham, NC | 1 | $ 589,000 | $ 589,000 | $ 0 |
| Edison, NJ | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Elmira, NY | 1 | $ 37,000 | $ 37,000 | $ 140,000 |
| Fort Collins-Loveland, CO | 1 | $ 646,000 | $ 646,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 319,000 | $ 319,000 | $ 281,000 |
| Fort Worth-Arlington, TX | 1 | $ 68,000 | $ 68,000 | $ 0 |
| Glens Falls, NY | 1 | $ 3,000 | $ 3,000 | $ 8,000 |
| Greeley, CO | 1 | $ 291,000 | $ 291,000 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 95,000 | $ 95,000 | $ 17,000 |
| Honolulu, HI | 1 | $ 614,000 | $ 614,000 | $ 0 |
| Indianapolis, IN | 1 | $ 543,000 | $ 543,000 | $ 0 |
| Janesville, WI | 1 | $ 72,000 | $ 72,000 | $ 0 |
| McAllen-Edinburg-Pharr, TX | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 982,000 | $ 982,000 | $ 0 |
| Modesto, CA | 1 | $ 453,000 | $ 453,000 | $ 0 |
| Newark-Union, NJ-PA | 1 | $ 994,000 | $ 994,000 | $ 247,000 |
| Ocala, FL | 1 | $ 75,000 | $ 75,000 | $ 59,000 |
| Ogden-Clearfield, UT | 1 | $ 606,000 | $ 606,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 479,000 | $ 479,000 | $ 0 |
| Panama City-Lynn Haven, FL | 1 | $ 368,000 | $ 368,000 | $ 0 |
| Philadelphia, PA | 1 | $ 10,000 | $ 10,000 | $ 46,000 |
| Prescott, AZ | 1 | $ 1,087,000 | $ 1,087,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 613,000 | $ 613,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 100,000 | $ 100,000 | $ 114,000 |
| Raleigh-Cary, NC | 1 | $ 556,000 | $ 556,000 | $ 0 |
| Reno-Sparks, NV | 1 | $ 595,000 | $ 595,000 | $ 0 |
| Rockingham County-Strafford County, NH | 1 | $ 362,000 | $ 362,000 | $ 0 |
| San Antonio, TX | 1 | $ 74,000 | $ 74,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 1 | $ 389,000 | $ 389,000 | $ 0 |
| Sioux Falls, SD | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Tacoma, WA | 1 | $ 411,000 | $ 411,000 | $ 0 |
| Topeka, KS | 1 | $ 467,000 | $ 467,000 | $ 0 |
| Tulsa, OK | 1 | $ 996,000 | $ 996,000 | $ 0 |
| Wilmington, NC | 1 | $ 817,000 | $ 817,000 | $ 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About