Citizens Savings Bank Mortgage Lending & HMDA Data, 2005
In 2005, Citizens Savings Bank of Clarks Summit, PA reported 407 mortgage applications totaling $43.5 million, down 14% from 2004. The average application was for $106,990, and applicants reported an average income of $65,088. 90% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (259) and Allentown-Bethlehem-Easton, PA-NJ (5).
| Mortgage Company & Address | Citizens Savings Bank 500 South State Street Clarks Summit, PA 18411 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 | 407 |
| Total Mortgage Loan Application Amount | $43,545,000 |
| Average Mortgage Loan Application Amount | $106,990 |
| Highest Mortgage Loan Application Amount | $498,000 |
| Average Applicant Income | $65,088 |
| Highest Applicant Income | $532,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Savings Bank 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 Purchase | 184 | $30,095,000 | $163,000 | $498,000 | $73,000 | $532,000 |
| Refinancing | 124 | $8,726,000 | $70,000 | $400,000 | $63,000 | $230,000 |
| Home Improvement | 99 | $4,724,000 | $47,000 | $400,000 | $53,000 | $441,000 |
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 | 396 | $42,023,000 | $106,000 | $498,000 | $64,000 | $532,000 |
| Hispanic | 4 | $402,000 | $100,000 | $183,000 | $61,000 | $157,000 |
| American Indian or Alaskan Native | 2 | $297,000 | $148,000 | $210,000 | $70,000 | $120,000 |
| Asian | 2 | $248,000 | $124,000 | $128,000 | $55,000 | $73,000 |
| Black or African American | 2 | $387,000 | $193,000 | $374,000 | $90,000 | $107,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $188,000 | $188,000 | $188,000 | $45,000 | $45,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 407 | $43,545,000 | $106,000 | $498,000 | $65,000 | $532,000 |
| 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 | 366 | $39,976,000 | $109,000 | $498,000 | $80,000 | $532,000 |
| Application Denied By Financial Institution | 14 | $1,263,000 | $90,000 | $207,000 | $40,000 | $101,000 |
| Application Withdrawn By Applicant | 14 | $994,000 | $71,000 | $266,000 | $45,000 | $106,000 |
| Application Approved But Not Accepted | 11 | $1,183,000 | $107,000 | $210,000 | $74,000 | $135,000 |
| Preapproval Approved but not Accepted | 1 | $75,000 | $75,000 | $75,000 | $32,000 | $32,000 |
| File Closed For Incompleteness | 1 | $54,000 | $54,000 | $54,000 | $21,000 | $21,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $619,000 | $123,000 | $207,000 | $28,000 | $57,000 |
| Credit History | 4 | $139,000 | $34,000 | $84,000 | $37,000 | $59,000 |
| Mortgage Insurance Denied | 2 | $293,000 | $146,000 | $188,000 | $73,000 | $101,000 |
| Collateral | 2 | $202,000 | $101,000 | $120,000 | $46,000 | $54,000 |
| Other | 1 | $10,000 | $10,000 | $10,000 | $16,000 | $16,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Savings Bank'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 Savings 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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