Citizens & Northern Bank Mortgage Lending & HMDA Data, 2016
In 2016, Citizens & Northern Bank of Wellsboro, PA reported 1,112 mortgage applications totaling $140.8 million, up 20% from 2015. The average application was for $126,600, and applicants reported an average income of $85,044. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Williamsport, PA (162), Binghamton, NY (41) and Elmira, NY (21) (applications in parentheses).
| Mortgage Company & Address | Citizens & Northern Bank Po Box 58, Administration Building Wellsboro, PA 16901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,112 |
| Total Mortgage Loan Application Amount | $140,780,000 |
| Average Mortgage Loan Application Amount | $126,600 |
| Highest Mortgage Loan Application Amount | $2,175,000 |
| Average Applicant Income | $85,044 |
| Highest Applicant Income | $690,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens & Northern Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Citizens & Northern Bank in 2016
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 Purchase | 663 | $92,848,000 | $140,000 | $2,175,000 | $88,000 | $690,000 |
| Refinancing | 296 | $36,731,000 | $124,000 | $553,000 | $80,000 | $450,000 |
| Home Improvement | 153 | $11,201,000 | $73,000 | $825,000 | $82,000 | $456,000 |
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 | 1,069 | $131,725,000 | $123,000 | $1,030,000 | $85,000 | $690,000 |
| Not Provided | 17 | $2,132,000 | $125,000 | $388,000 | $186,000 | $450,000 |
| Not applicable | 13 | $5,153,000 | $396,000 | $2,175,000 | $0 | $0 |
| Hispanic | 8 | $1,173,000 | $146,000 | $300,000 | $62,000 | $80,000 |
| Black or African American | 3 | $315,000 | $105,000 | $112,000 | $73,000 | $148,000 |
| Asian | 2 | $282,000 | $141,000 | $204,000 | $60,000 | $95,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,112 | $140,780,000 | $126,000 | $2,175,000 | $85,000 | $690,000 |
| 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 | 934 | $121,534,000 | $130,000 | $2,175,000 | $87,000 | $675,000 |
| Application Denied By Financial Institution | 94 | $10,258,000 | $109,000 | $593,000 | $70,000 | $320,000 |
| Application Withdrawn By Applicant | 70 | $7,627,000 | $108,000 | $480,000 | $70,000 | $347,000 |
| Application Approved But Not Accepted | 11 | $803,000 | $73,000 | $180,000 | $126,000 | $690,000 |
| File Closed For Incompleteness | 3 | $558,000 | $186,000 | $318,000 | $123,000 | $140,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens & Northern Bank's 2016 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 & Northern 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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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