Falls Bank C/O Sky Bank Mortgage Lending & HMDA Data, 2004
In 2004, Falls Bank C/O Sky Bank of Bowling Green, OH reported 190 mortgage applications totaling $27.5 million, down 30% from 2003. The average application was for $144,731, and applicants reported an average income of $110,289. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Akron, OH (133), Cleveland-Elyria-Mentor, OH (26) and Canton-Massillon, OH (12) (applications in parentheses).
| Mortgage Company & Address | Falls Bank C/O Sky Bank 137 Clough St. Bowling Green, OH 43402 |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 190 |
| Total Mortgage Loan Application Amount | $27,499,000 |
| Average Mortgage Loan Application Amount | $144,731 |
| Highest Mortgage Loan Application Amount | $795,000 |
| Average Applicant Income | $110,289 |
| Highest Applicant Income | $662,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Falls Bank C/O Sky Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Summit, Ohio | 116 | $ 14,930,000 | $ 128,706 | $ 116,000 |
| Medina, Ohio | 23 | $ 5,576,000 | $ 242,434 | $ 165,000 |
| Portage, Ohio | 17 | $ 2,403,000 | $ 141,352 | $ 77,000 |
| Stark, Ohio | 12 | $ 1,035,000 | $ 86,250 | $ 63,000 |
| Wayne, Ohio | 4 | $ 437,000 | $ 109,250 | $ 134,000 |
| Jefferson, Ohio | 2 | $ 394,000 | $ 197,000 | $ 91,000 |
| Mahoning, Ohio | 2 | $ 283,000 | $ 141,500 | $ 79,000 |
| Wood, Ohio | 2 | $ 364,000 | $ 182,000 | $ 95,000 |
| Ashland, Ohio | 1 | $ 131,000 | $ 131,000 | $ 75,000 |
| Columbiana, Ohio | 1 | $ 137,000 | $ 137,000 | $ 80,000 |
| Crawford, Ohio | 1 | $ 136,000 | $ 136,000 | $ 42,000 |
| Cuyahoga, Ohio | 1 | $ 41,000 | $ 41,000 | $ 190,000 |
| Delaware, Ohio | 1 | $ 368,000 | $ 368,000 | $ 222,000 |
| Geauga, Ohio | 1 | $ 180,000 | $ 180,000 | $ 72,000 |
| Harrison, Ohio | 1 | $ 65,000 | $ 65,000 | $ 74,000 |
| Holmes, Ohio | 1 | $ 145,000 | $ 145,000 | $ 53,000 |
| Lake, Ohio | 1 | $ 248,000 | $ 248,000 | $ 97,000 |
| Ottawa, Ohio | 1 | $ 197,000 | $ 197,000 | $ 89,000 |
| Sandusky, Ohio | 1 | $ 161,000 | $ 161,000 | $ 50,000 |
| Trumbull, Ohio | 1 | $ 268,000 | $ 268,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Falls Bank C/O Sky Bank in 2004
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 | 91 | $18,371,000 | $201,000 | $795,000 | $106,000 | $662,000 |
| Refinancing | 56 | $6,329,000 | $113,000 | $438,000 | $129,000 | $429,000 |
| Home Improvement | 43 | $2,799,000 | $65,000 | $238,000 | $95,000 | $498,000 |
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 | 179 | $25,504,000 | $142,000 | $795,000 | $104,000 | $662,000 |
| Not applicable | 6 | $895,000 | $149,000 | $290,000 | $68,000 | $147,000 |
| Hispanic | 4 | $940,000 | $235,000 | $490,000 | $176,000 | $309,000 |
| Black or African American | 1 | $160,000 | $160,000 | $160,000 | $180,000 | $180,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 190 | $27,499,000 | $144,000 | $795,000 | $109,000 | $662,000 |
| 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 | 177 | $25,543,000 | $144,000 | $795,000 | $99,000 | $662,000 |
| Application Withdrawn By Applicant | 9 | $1,505,000 | $167,000 | $438,000 | $128,000 | $250,000 |
| Application Denied By Financial Institution | 4 | $451,000 | $112,000 | $133,000 | $209,000 | $429,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1 | $68,000 | $68,000 | $68,000 | $429,000 | $429,000 |
| 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 Falls Bank C/O Sky Bank's 2004 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 Falls Bank C/O Sky 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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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