First Place Bank Mortgage Lending & HMDA Data, 2004
In 2004, First Place Bank of Ravenna, OH reported 10,540 mortgage applications totaling $1.5 billion, about the same as 2003. The average application was for $144,355, and applicants reported an average income of $55,597. 67% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Youngstown-Warren-Boardman, OH-PA (2,227), Cleveland-Elyria-Mentor, OH (2,096) and Columbus, OH (1,095) (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 | 10,540 |
| Total Mortgage Loan Application Amount | $1,521,509,000 |
| Average Mortgage Loan Application Amount | $144,355 |
| Highest Mortgage Loan Application Amount | $6,830,000 |
| Average Applicant Income | $55,597 |
| Highest Applicant Income | $2,903,000 |
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Act (HMDA) records First Place Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Youngstown-Warren-Boardman, OH-PA | 2,227 | $ 198,244,000 | $ 89,018 | $ 57,000 |
| Cleveland-Elyria-Mentor, OH | 2,096 | $ 311,638,000 | $ 148,682 | $ 61,000 |
| Columbus, OH | 1,095 | $ 181,684,000 | $ 165,921 | $ 65,000 |
| Akron, OH | 989 | $ 135,215,000 | $ 136,718 | $ 56,000 |
| Cincinnati-Middletown, OH-KY-IN | 719 | $ 137,333,000 | $ 191,005 | $ 67,000 |
| Chicago-Naperville-Joliet, IL | 629 | $ 122,015,000 | $ 193,982 | $ 9,000 |
| Warren-Farmington Hills-Troy, MI | 305 | $ 62,993,000 | $ 206,534 | $ 53,000 |
| Toledo, OH | 299 | $ 44,949,000 | $ 150,331 | $ 59,000 |
| Dayton, OH | 270 | $ 54,196,000 | $ 200,725 | $ 86,000 |
| Flint, MI | 242 | $ 30,252,000 | $ 125,008 | $ 53,000 |
| Canton-Massillon, OH | 203 | $ 25,501,000 | $ 125,620 | $ 47,000 |
| Gary, IN | 119 | $ 17,502,000 | $ 147,075 | $ 4,000 |
| Detroit-Livonia-Dearborn, MI | 118 | $ 13,187,000 | $ 111,754 | $ 39,000 |
| Jackson, MI | 100 | $ 12,523,000 | $ 125,230 | $ 59,000 |
| Lansing-East Lansing, MI | 74 | $ 11,161,000 | $ 150,824 | $ 27,000 |
| Ann Arbor, MI | 45 | $ 7,917,000 | $ 175,933 | $ 32,000 |
| Lake County-Kenosha County, IL-WI | 45 | $ 11,351,000 | $ 252,244 | $ 26,000 |
| Monroe, MI | 27 | $ 4,375,000 | $ 162,037 | $ 59,000 |
| Grand Rapids-Wyoming, MI | 22 | $ 978,000 | $ 44,454 | $ 44,000 |
| Las Vegas-Paradise, NV | 16 | $ 3,596,000 | $ 224,750 | $ 213,000 |
| Pittsburgh, PA | 14 | $ 4,716,000 | $ 336,857 | $ 56,000 |
| Sandusky, OH | 11 | $ 1,335,000 | $ 121,363 | $ 52,000 |
| Tampa-St. Petersburg-Clearwater, FL | 11 | $ 2,102,000 | $ 191,090 | $ 83,000 |
| Boston-Quincy, MA | 10 | $ 2,745,000 | $ 274,500 | $ 0 |
| Sarasota-Bradenton-Venice, FL | 9 | $ 2,687,000 | $ 298,555 | $ 76,000 |
| Battle Creek, MI | 8 | $ 1,044,000 | $ 130,500 | $ 51,000 |
| Atlanta-Sandy Springs-Marietta, GA | 7 | $ 1,353,000 | $ 193,285 | $ 51,000 |
| Springfield, OH | 7 | $ 785,000 | $ 112,142 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 925,000 | $ 154,166 | $ 44,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 1,142,000 | $ 190,333 | $ 60,000 |
| Kalamazoo-Portage, MI | 6 | $ 812,000 | $ 135,333 | $ 15,000 |
| Louisville, KY-IN | 6 | $ 976,000 | $ 162,666 | $ 72,000 |
| Naples-Marco Island, FL | 6 | $ 1,688,000 | $ 281,333 | $ 134,000 |
| Saginaw-Saginaw Township North, MI | 6 | $ 1,026,000 | $ 171,000 | $ 81,000 |
| Holland-Grand Haven, MI | 4 | $ 28,000 | $ 7,000 | $ 92,000 |
| Indianapolis, IN | 4 | $ 667,000 | $ 166,750 | $ 31,000 |
| Jacksonville, FL | 4 | $ 496,000 | $ 124,000 | $ 37,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 1,006,000 | $ 251,500 | $ 262,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 561,000 | $ 140,250 | $ 19,000 |
| Baltimore-Towson, MD | 3 | $ 649,000 | $ 216,333 | $ 49,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 606,000 | $ 202,000 | $ 47,000 |
| Dallas-Plano-Irving, TX | 3 | $ 505,000 | $ 168,333 | $ 194,000 |
| Denver-Aurora, CO | 3 | $ 443,000 | $ 147,666 | $ 17,000 |
| Fort Collins-Loveland, CO | 3 | $ 342,000 | $ 114,000 | $ 31,000 |
| Newark-Union, NJ-PA | 3 | $ 695,000 | $ 231,666 | $ 162,000 |
| Niles-Benton Harbor, MI | 3 | $ 594,000 | $ 198,000 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 808,000 | $ 269,333 | $ 40,000 |
| Bay City, MI | 2 | $ 389,000 | $ 194,500 | $ 0 |
| Birmingham-Hoover, AL | 2 | $ 225,000 | $ 112,500 | $ 46,000 |
| Boulder, CO | 2 | $ 714,000 | $ 357,000 | $ 240,000 |
| Kankakee-Bradley, IL | 2 | $ 219,000 | $ 109,500 | $ 0 |
| Knoxville, TN | 2 | $ 161,000 | $ 80,500 | $ 63,000 |
| Lakeland, FL | 2 | $ 194,000 | $ 97,000 | $ 58,000 |
| Lexington-Fayette, KY | 2 | $ 294,000 | $ 147,000 | $ 17,000 |
| Mansfield, OH | 2 | $ 276,000 | $ 138,000 | $ 0 |
| Muskegon-Norton Shores, MI | 2 | $ 155,000 | $ 77,500 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 2 | $ 200,000 | $ 100,000 | $ 165,000 |
| New Orleans-Metairie-Kenner, LA | 2 | $ 492,000 | $ 246,000 | $ 152,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 423,000 | $ 211,500 | $ 196,000 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 654,000 | $ 327,000 | $ 64,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 75,000 | $ 75,000 | $ 19,000 |
| Burlington-South Burlington, VT | 1 | $ 76,000 | $ 76,000 | $ 37,000 |
| Camden, NJ | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Chattanooga, TN-GA | 1 | $ 495,000 | $ 495,000 | $ 86,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 162,000 | $ 162,000 | $ 47,000 |
| Edison, NJ | 1 | $ 328,000 | $ 328,000 | $ 95,000 |
| Elkhart-Goshen, IN | 1 | $ 191,000 | $ 191,000 | $ 0 |
| Essex County, MA | 1 | $ 425,000 | $ 425,000 | $ 188,000 |
| Fort Wayne, IN | 1 | $ 137,000 | $ 137,000 | $ 0 |
| Houston-Baytown-Sugar Land, TX | 1 | $ 306,000 | $ 306,000 | $ 156,000 |
| Johnson City, TN | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Lincoln, NE | 1 | $ 92,000 | $ 92,000 | $ 40,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 302,000 | $ 302,000 | $ 96,000 |
| Madison, WI | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Michigan City-La Porte, IN | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 93,000 | $ 93,000 | $ 0 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Nassau-Suffolk, NY | 1 | $ 262,000 | $ 262,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 169,000 | $ 169,000 | $ 86,000 |
| Peoria, IL | 1 | $ 56,000 | $ 56,000 | $ 0 |
| Philadelphia, PA | 1 | $ 399,000 | $ 399,000 | $ 0 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 480,000 | $ 480,000 | $ 174,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 220,000 | $ 220,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Richmond, VA | 1 | $ 66,000 | $ 66,000 | $ 137,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 645,000 | $ 645,000 | $ 0 |
| Savannah, GA | 1 | $ 56,000 | $ 56,000 | $ 20,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 318,000 | $ 318,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for First Place 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 | 6,714 | $963,823,000 | $189,903 | $6,830,000 | $71,322 | $2,903,000 |
| Refinancing | 3,429 | $508,033,000 | $225,400 | $2,437,000 | $72,400 | $2,176,000 |
| Home Improvement | 397 | $49,653,000 | $97,000 | $1,045,000 | $76,500 | $618,000 |
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 | 9,665 | $1,382,126,000 | $197,696 | $2,200,000 | $69,969 | $2,903,000 |
| Black or African American | 348 | $37,348,000 | $143,750 | $637,000 | $88,375 | $305,000 |
| Hispanic | 207 | $30,333,000 | $185,428 | $575,000 | $35,000 | $449,000 |
| Asian | 185 | $38,601,000 | $181,833 | $694,000 | $21,333 | $425,000 |
| Not applicable | 103 | $29,161,000 | $410,500 | $6,830,000 | $11,000 | $984,000 |
| American Indian or Alaskan Native | 23 | $2,350,000 | $92,000 | $338,000 | $70,250 | $184,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $958,000 | $103,666 | $357,000 | $37,000 | $211,000 |
| Not Provided | 1 | $632,000 | $632,000 | $632,000 | $180,000 | $180,000 |
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) | 10,211 | $1,483,998,000 | $194,882 | $6,830,000 | $75,676 | $2,903,000 |
| FHA-insured (Federal Housing Administration) | 298 | $33,142,000 | $116,250 | $272,000 | $37,250 | $205,000 |
| VA-guaranteed (Veterans Administration) | 31 | $4,369,000 | $174,333 | $245,000 | $56,666 | $103,000 |
| 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 | 7,016 | $963,630,000 | $202,000 | $2,200,000 | $107,066 | $2,903,000 |
| Loan Purchased By The Institution | 2,079 | $360,073,000 | $204,578 | $828,000 | $0 | $0 |
| Application Withdrawn By Applicant | 675 | $90,224,000 | $178,000 | $1,200,000 | $82,777 | $610,000 |
| Application Approved But Not Accepted | 354 | $45,828,000 | $141,375 | $940,000 | $84,625 | $1,411,000 |
| Application Denied By Financial Institution | 284 | $45,811,000 | $135,833 | $6,830,000 | $48,666 | $452,000 |
| Preapproval Approved but not Accepted | 131 | $15,892,000 | $121,000 | $900,000 | $43,000 | $520,000 |
| Preapproval Denied by Financial Institution | 1 | $51,000 | $51,000 | $51,000 | $17,000 | $17,000 |
| 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 History | 111 | $9,782,000 | $98,000 | $500,000 | $41,500 | $267,000 |
| Credit Application Incomplete | 65 | $9,296,000 | $99,200 | $954,000 | $48,800 | $452,000 |
| Debt-To-Income Ratio | 60 | $8,815,000 | $146,000 | $690,000 | $38,000 | $147,000 |
| Collateral | 25 | $7,469,000 | $382,333 | $2,437,000 | $42,666 | $374,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $9,111,000 | $911,000 | $6,830,000 | $64,000 | $291,000 |
| Unverifiable Information | 7 | $771,000 | $110,000 | $257,000 | $15,000 | $49,000 |
| Mortgage Insurance Denied | 4 | $339,000 | $84,000 | $149,000 | $66,000 | $176,000 |
| Employment History | 3 | $279,000 | $93,000 | $122,000 | $21,000 | $28,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Place 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 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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