First Place Bank Mortgage Lending & HMDA Data, 2003

In 2003, First Place Bank of Ravenna, OH reported 10,511 mortgage applications totaling $1.4 billion. The average application was for $131,737, and applicants reported an average income of $68,813. 85% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Youngstown-Warren, OH (4,001), Cleveland-Lorain-Elyria, OH (2,810) and Akron, OH (1,125) (applications in parentheses).

Mortgage Company & Address First Place Bank
999 E Main St
Ravenna, OH 44266
Tel #: available with data download
Federal Regulator * available with data download
Years 2004  2003  
Total Number of Mortgage Applications 10,511
Total Mortgage Loan Application Amount $1,384,691,000
Average Mortgage Loan Application Amount $131,737
Highest Mortgage Loan Application Amount $3,814,000
Average Applicant Income $68,813
Highest Applicant Income $4,850,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Place Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for First Place Bank by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Mahoning, Ohio 2,063 $ 213,106,000 $ 103,299 $ 57,000
Trumbull, Ohio 1,854 $ 161,071,000 $ 86,877 $ 52,000
Cuyahoga, Ohio 1,850 $ 262,149,000 $ 141,702 $ 61,000
Portage, Ohio 596 $ 82,787,000 $ 138,904 $ 59,000
Summit, Ohio 529 $ 73,237,000 $ 138,444 $ 66,000
Montgomery, Ohio 295 $ 50,215,000 $ 170,220 $ 84,000
Lake, Ohio 290 $ 34,951,000 $ 120,520 $ 53,000
Lorain, Ohio 290 $ 43,706,000 $ 150,710 $ 71,000
Warren, Ohio 248 $ 54,514,000 $ 219,814 $ 95,000
Licking, Ohio 233 $ 35,201,000 $ 151,077 $ 100,000
Geauga, Ohio 206 $ 47,668,000 $ 231,398 $ 90,000
Hamilton, Ohio 196 $ 32,078,000 $ 163,663 $ 66,000
Lucas, Ohio 186 $ 22,684,000 $ 121,956 $ 45,000
Butler, Ohio 147 $ 23,889,000 $ 162,510 $ 67,000
Medina, Ohio 140 $ 20,649,000 $ 147,492 $ 75,000
Greene, Ohio 137 $ 28,300,000 $ 206,569 $ 103,000
Knox, Ohio 118 $ 12,308,000 $ 104,305 $ 61,000
Clermont, Ohio 113 $ 21,039,000 $ 186,185 $ 66,000
Stark, Ohio 89 $ 12,067,000 $ 135,584 $ 51,000
Columbiana, Ohio 84 $ 9,844,000 $ 117,190 $ 55,000
Cook, Illinois 80 $ 13,966,000 $ 174,575 $ 176,000
Franklin, Ohio 66 $ 9,571,000 $ 145,015 $ 64,000
Wood, Ohio 36 $ 6,374,000 $ 177,055 $ 63,000
Ashtabula, Ohio 34 $ 3,228,000 $ 94,941 $ 74,000
Lake, Indiana 30 $ 4,893,000 $ 163,100 $ 33,000
Delaware, Ohio 30 $ 7,080,000 $ 236,000 $ 52,000
DuPage, Illinois 26 $ 4,559,000 $ 175,346 $ 78,000
Fairfield, Ohio 26 $ 4,788,000 $ 184,153 $ 82,000
Kenton, Kentucky 25 $ 4,084,000 $ 163,360 $ 43,000
Campbell, Kentucky 20 $ 3,247,000 $ 162,350 $ 66,000
Boone, Kentucky 19 $ 3,264,000 $ 171,789 $ 65,000
Mercer, Pennsylvania 18 $ 2,042,000 $ 113,444 $ 51,000
Will, Illinois 16 $ 2,984,000 $ 186,500 $ 29,000
Duval, Florida 15 $ 837,000 $ 55,800 $ 170,000
Brown, Ohio 14 $ 2,306,000 $ 164,714 $ 61,000
Lee, Florida 13 $ 3,301,000 $ 253,923 $ 133,000
Monroe, Michigan 13 $ 2,385,000 $ 183,461 $ 55,000
Dearborn, Indiana 12 $ 2,344,000 $ 195,333 $ 92,000
Oakland, Michigan 11 $ 3,291,000 $ 299,181 $ 81,000
Miami, Ohio 11 $ 1,729,000 $ 157,181 $ 101,000
Allegheny, Pennsylvania 11 $ 1,373,000 $ 124,818 $ 48,000
Lawrence, Pennsylvania 11 $ 882,000 $ 80,181 $ 48,000
Erie, Ohio 10 $ 1,293,000 $ 129,300 $ 58,000
Collier, Florida 9 $ 1,753,000 $ 194,777 $ 78,000
Muskingum, Ohio 9 $ 1,239,000 $ 137,666 $ 90,000
Wayne, Ohio 9 $ 933,000 $ 103,666 $ 61,000
Clark, Ohio 8 $ 1,217,000 $ 152,125 $ 54,000
Ottawa, Ohio 8 $ 1,601,000 $ 200,125 $ 119,000
Union, Ohio 8 $ 1,167,000 $ 145,875 $ 51,000
Pinellas, Florida 7 $ 1,128,000 $ 161,142 $ 183,000
Morrow, Ohio 7 $ 1,045,000 $ 149,285 $ 55,000
Perry, Ohio 7 $ 1,745,000 $ 249,285 $ 153,000
Fulton, Georgia 6 $ 3,176,000 $ 529,333 $ 347,000
Porter, Indiana 5 $ 714,000 $ 142,800 $ 0
Clinton, Ohio 5 $ 1,022,000 $ 204,400 $ 49,000
Huron, Ohio 5 $ 933,000 $ 186,600 $ 115,000
Butler, Pennsylvania 5 $ 672,000 $ 134,400 $ 49,000
Los Angeles, California 4 $ 547,000 $ 136,750 $ 68,000
Broward, Florida 4 $ 1,002,000 $ 250,500 $ 47,000
Palm Beach, Florida 4 $ 560,000 $ 140,000 $ 42,000
Steuben, Indiana 4 $ 571,000 $ 142,750 $ 193,000
Lenawee, Michigan 4 $ 497,000 $ 124,250 $ 47,000
Carroll, Ohio 4 $ 679,000 $ 169,750 $ 80,000
Logan, Ohio 4 $ 414,000 $ 103,500 $ 56,000
Marion, Ohio 4 $ 394,000 $ 98,500 $ 31,000
Sandusky, Ohio 4 $ 635,000 $ 158,750 $ 68,000
Brevard, Florida 3 $ 368,000 $ 122,666 $ 143,000
Hillsborough, Florida 3 $ 766,000 $ 255,333 $ 100,000
McHenry, Illinois 3 $ 468,000 $ 156,000 $ 0
LaPorte, Indiana 3 $ 488,000 $ 162,666 $ 47,000
Marion, Indiana 3 $ 523,000 $ 174,333 $ 74,000
Ripley, Indiana 3 $ 457,000 $ 152,333 $ 36,000
Clinton, Michigan 3 $ 410,000 $ 136,666 $ 62,000
Ingham, Michigan 3 $ 413,000 $ 137,666 $ 90,000
Macomb, Michigan 3 $ 428,000 $ 142,666 $ 42,000
Washtenaw, Michigan 3 $ 568,000 $ 189,333 $ 0
Adams, Ohio 3 $ 409,000 $ 136,333 $ 42,000
Holmes, Ohio 3 $ 256,000 $ 85,333 $ 104,000
Beaver, Pennsylvania 3 $ 400,000 $ 133,333 $ 0
Horry, South Carolina 3 $ 369,000 $ 123,000 $ 84,000
Maricopa, Arizona 2 $ 422,000 $ 211,000 $ 33,000
Orange, California 2 $ 502,000 $ 251,000 $ 79,000
Flagler, Florida 2 $ 597,000 $ 298,500 $ 117,000
Indian River, Florida 2 $ 300,000 $ 150,000 $ 41,000
Manatee, Florida 2 $ 430,000 $ 215,000 $ 164,000
Miami-Dade, Florida 2 $ 286,000 $ 143,000 $ 4,850,000
Orange, Florida 2 $ 804,000 $ 402,000 $ 317,000
Polk, Florida 2 $ 105,000 $ 52,500 $ 195,000
Santa Rosa, Florida 2 $ 372,000 $ 186,000 $ 67,000
Seminole, Florida 2 $ 405,000 $ 202,500 $ 175,000
Humboldt, Iowa 2 $ 78,000 $ 39,000 $ 22,000
Pendleton, Kentucky 2 $ 169,000 $ 84,500 $ 34,000
Charlevoix, Michigan 2 $ 334,000 $ 167,000 $ 127,000
Wayne, Michigan 2 $ 370,000 $ 185,000 $ 0
Hennepin, Minnesota 2 $ 1,250,000 $ 625,000 $ 72,000
Fulton, Ohio 2 $ 305,000 $ 152,500 $ 72,000
Highland, Ohio 2 $ 282,000 $ 141,000 $ 77,000
Madison, Ohio 2 $ 499,000 $ 249,500 $ 83,000
Pickaway, Ohio 2 $ 225,000 $ 112,500 $ 39,000
Preble, Ohio 2 $ 231,000 $ 115,500 $ 114,000
Fayette, Pennsylvania 2 $ 203,000 $ 101,500 $ 69,000
Montgomery, Pennsylvania 2 $ 437,000 $ 218,500 $ 88,000
Fairfax, Virginia 2 $ 342,000 $ 171,000 $ 93,000
Monongalia, West Virginia 2 $ 63,000 $ 31,500 $ 88,000
Ohio, West Virginia 2 $ 96,000 $ 48,000 $ 37,000
Riverside, California 1 $ 72,000 $ 72,000 $ 185,000
Sacramento, California 1 $ 285,000 $ 285,000 $ 43,000
Garfield, Colorado 1 $ 194,000 $ 194,000 $ 87,000
Routt, Colorado 1 $ 191,000 $ 191,000 $ 156,000
New Haven, Connecticut 1 $ 444,000 $ 444,000 $ 300,000
Charlotte, Florida 1 $ 140,000 $ 140,000 $ 110,000
Highlands, Florida 1 $ 59,000 $ 59,000 $ 81,000
Lake, Florida 1 $ 46,000 $ 46,000 $ 40,000
Marion, Florida 1 $ 35,000 $ 35,000 $ 123,000
Martin, Florida 1 $ 518,000 $ 518,000 $ 438,000
Monroe, Florida 1 $ 500,000 $ 500,000 $ 233,000
Osceola, Florida 1 $ 210,000 $ 210,000 $ 336,000
Cherokee, Georgia 1 $ 98,000 $ 98,000 $ 0
Fayette, Georgia 1 $ 292,000 $ 292,000 $ 0
Champaign, Illinois 1 $ 150,000 $ 150,000 $ 0
DeKalb, Illinois 1 $ 110,000 $ 110,000 $ 0
Kane, Illinois 1 $ 236,000 $ 236,000 $ 0
Kankakee, Illinois 1 $ 133,000 $ 133,000 $ 0
Delaware, Indiana 1 $ 135,000 $ 135,000 $ 70,000
Hamilton, Indiana 1 $ 239,000 $ 239,000 $ 159,000
Madison, Indiana 1 $ 52,000 $ 52,000 $ 62,000
Marshall, Indiana 1 $ 141,000 $ 141,000 $ 0
Ohio, Indiana 1 $ 214,000 $ 214,000 $ 85,000
White, Indiana 1 $ 112,000 $ 112,000 $ 0
Bracken, Kentucky 1 $ 174,000 $ 174,000 $ 69,000
Fayette, Kentucky 1 $ 124,000 $ 124,000 $ 47,000
Jessamine, Kentucky 1 $ 208,000 $ 208,000 $ 83,000
Owen, Kentucky 1 $ 178,000 $ 178,000 $ 0
Cumberland, Maine 1 $ 105,000 $ 105,000 $ 106,000
Frederick, Maryland 1 $ 287,000 $ 287,000 $ 66,000
Prince George's, Maryland 1 $ 91,000 $ 91,000 $ 57,000
Barnstable, Massachusetts 1 $ 233,000 $ 233,000 $ 105,000
Suffolk, Massachusetts 1 $ 438,000 $ 438,000 $ 266,000
Eaton, Michigan 1 $ 194,000 $ 194,000 $ 0
Hillsdale, Michigan 1 $ 88,000 $ 88,000 $ 104,000
Iosco, Michigan 1 $ 46,000 $ 46,000 $ 0
Isabella, Michigan 1 $ 92,000 $ 92,000 $ 17,000
Jackson, Michigan 1 $ 150,000 $ 150,000 $ 77,000
Livingston, Michigan 1 $ 203,000 $ 203,000 $ 0
St. Clair, Michigan 1 $ 196,000 $ 196,000 $ 0
Clark, Nevada 1 $ 69,000 $ 69,000 $ 271,000
Washoe, Nevada 1 $ 246,000 $ 246,000 $ 136,000
Hillsborough, New Hampshire 1 $ 302,000 $ 302,000 $ 90,000
Passaic, New Jersey 1 $ 219,000 $ 219,000 $ 86,000
Sussex, New Jersey 1 $ 500,000 $ 500,000 $ 100,000
Union, New Jersey 1 $ 323,000 $ 323,000 $ 170,000
Cattaraugus, New York 1 $ 111,000 $ 111,000 $ 127,000
Erie, New York 1 $ 267,000 $ 267,000 $ 119,000
Westchester, New York 1 $ 471,000 $ 471,000 $ 239,000
Brunswick, North Carolina 1 $ 67,000 $ 67,000 $ 29,000
Allen, Ohio 1 $ 62,000 $ 62,000 $ 72,000
Ashland, Ohio 1 $ 200,000 $ 200,000 $ 83,000
Athens, Ohio 1 $ 102,000 $ 102,000 $ 45,000
Champaign, Ohio 1 $ 140,000 $ 140,000 $ 69,000
Defiance, Ohio 1 $ 95,000 $ 95,000 $ 78,000
Fayette, Ohio 1 $ 222,000 $ 222,000 $ 106,000
Hancock, Ohio 1 $ 148,000 $ 148,000 $ 98,000
Hocking, Ohio 1 $ 114,000 $ 114,000 $ 43,000
Ross, Ohio 1 $ 348,000 $ 348,000 $ 110,000
Scioto, Ohio 1 $ 83,000 $ 83,000 $ 108,000
Wyandot, Ohio 1 $ 68,000 $ 68,000 $ 36,000
Washington, Oregon 1 $ 204,000 $ 204,000 $ 85,000
Bucks, Pennsylvania 1 $ 250,000 $ 250,000 $ 65,000
Crawford, Pennsylvania 1 $ 109,000 $ 109,000 $ 52,000
Beaufort, South Carolina 1 $ 400,000 $ 400,000 $ 329,000
Charleston, South Carolina 1 $ 155,000 $ 155,000 $ 121,000
Campbell, Tennessee 1 $ 158,000 $ 158,000 $ 197,000
Davidson, Tennessee 1 $ 86,000 $ 86,000 $ 73,000
Dallas, Texas 1 $ 260,000 $ 260,000 $ 225,000
Chittenden, Vermont 1 $ 193,000 $ 193,000 $ 0
Arlington, Virginia 1 $ 185,000 $ 185,000 $ 98,000
Barbour, West Virginia 1 $ 63,000 $ 63,000 $ 49,000
Wood, West Virginia 1 $ 200,000 $ 200,000 $ 118,000
Kenosha, Wisconsin 1 $ 500,000 $ 500,000 $ 104,000

Mortgage Loan Application Detail Totals for First Place Bank in 2003

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
Refinancing (home purchase or home improvement, one-to-four family) 5,849 $782,252,000 $210,481 $1,126,000 $108,074 $1,914,000
Home Purchase (one-to-four family) 4,446 $569,817,000 $247,950 $1,000,000 $111,650 $4,850,000
Home Improvement (one-to-four family) 201 $18,570,000 $183,000 $550,000 $65,000 $528,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 15 $14,052,000 $936,000 $3,814,000 $0 $0

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 9,987 $1,316,381,000 $227,866 $3,814,000 $102,933 $1,914,000
Black 265 $29,245,000 $97,333 $789,000 $62,333 $324,000
Asian or Pacific Islander 197 $32,190,000 $205,333 $550,000 $26,666 $250,000
Hispanic 60 $6,620,000 $134,000 $348,000 $624,200 $4,850,000
American Indian or Alaskan Native 2 $255,000 $127,000 $168,000 $45,000 $68,000
Information not provided by applicant in mail or telephone application 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Other 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) 10,222 $1,352,050,000 $224,766 $3,814,000 $109,433 $4,850,000
FHA-insured (Federal Housing Administration) 243 $26,124,000 $113,000 $215,000 $43,000 $281,000
VA-guaranteed (Veterans Administration) 46 $6,517,000 $157,000 $238,000 $58,000 $102,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 8,963 $1,192,920,000 $212,241 $3,814,000 $123,310 $1,914,000
Application Withdrawn By Applicant 539 $58,853,000 $167,000 $650,000 $38,200 $476,000
Application Approved But Not Accepted 412 $53,383,000 $163,833 $680,000 $207,500 $4,850,000
Application Denied By Financial Institution 349 $36,908,000 $222,750 $556,000 $72,500 $300,000
Loan Purchased By The Institution 248 $42,627,000 $199,142 $713,000 $0 $0
File Closed For Incompleteness 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 Application Incomplete 106 $12,303,000 $135,000 $556,000 $60,500 $300,000
Credit History 100 $8,610,000 $86,000 $550,000 $51,000 $251,000
Debt-To-Income Ratio 77 $10,718,000 $285,333 $500,000 $68,666 $177,000
Collateral 38 $3,147,000 $84,000 $270,000 $68,000 $147,000
Insufficient Cash (Downpayment, Closing Cost) 18 $1,436,000 $79,000 $239,000 $55,000 $116,000
Mortgage Insurance Denied 5 $287,000 $57,000 $76,000 $30,000 $62,000
Employment History 4 $249,000 $62,000 $96,000 $26,000 $31,000
Unverifiable Information 1 $158,000 $158,000 $158,000 $36,000 $36,000
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Place Bank's 2003 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 First Place 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.
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