First United Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, First United Bank & Trust of Oakland, MD reported 1,276 mortgage applications totaling $169.7 million, up 1% from 2003. The average application was for $133,017, and applicants reported an average income of $67,919. 59% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Cumberland, MD-WV (202), Morgantown, WV (53) and Hagerstown-Martinsburg, MD-WV (50) (applications in parentheses).
| Mortgage Company & Address | First United Bank & Trust 19 S Second Street Oakland, MD 21550 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 | 1,276 |
| Total Mortgage Loan Application Amount | $169,730,000 |
| Average Mortgage Loan Application Amount | $133,017 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $67,919 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Garrett, Maryland | 338 | $ 68,193,000 | $ 201,754 | $ 71,000 |
| Berkeley, West Virginia | 249 | $ 21,859,000 | $ 87,787 | $ 46,000 |
| Allegany, Maryland | 202 | $ 12,797,000 | $ 63,351 | $ 36,000 |
| Mineral, West Virginia | 104 | $ 6,217,000 | $ 59,778 | $ 36,000 |
| Washington, Maryland | 50 | $ 13,486,000 | $ 269,720 | $ 99,000 |
| Jefferson, West Virginia | 45 | $ 5,969,000 | $ 132,644 | $ 70,000 |
| Frederick, Maryland | 44 | $ 7,797,000 | $ 177,204 | $ 92,000 |
| Preston, West Virginia | 42 | $ 2,984,000 | $ 71,047 | $ 60,000 |
| Hampshire, West Virginia | 22 | $ 2,025,000 | $ 92,045 | $ 62,000 |
| Hardy, West Virginia | 18 | $ 3,661,000 | $ 203,388 | $ 85,000 |
| Bedford, Pennsylvania | 12 | $ 1,472,000 | $ 122,666 | $ 55,000 |
| Somerset, Pennsylvania | 12 | $ 540,000 | $ 45,000 | $ 40,000 |
| Grant, West Virginia | 12 | $ 428,000 | $ 35,666 | $ 45,000 |
| Monongalia, West Virginia | 11 | $ 5,855,000 | $ 532,272 | $ 70,000 |
| Fayette, Pennsylvania | 9 | $ 387,000 | $ 43,000 | $ 46,000 |
| Morgan, West Virginia | 9 | $ 357,000 | $ 39,666 | $ 33,000 |
| Baltimore, Maryland | 7 | $ 1,931,000 | $ 275,857 | $ 113,000 |
| Franklin, Pennsylvania | 4 | $ 811,000 | $ 202,750 | $ 53,000 |
| Anne Arundel, Maryland | 3 | $ 1,354,000 | $ 451,333 | $ 119,000 |
| Tucker, West Virginia | 3 | $ 310,000 | $ 103,333 | $ 75,000 |
| Frederick, Virginia | 2 | $ 37,000 | $ 18,500 | $ 44,000 |
| Loudoun, Virginia | 2 | $ 352,000 | $ 176,000 | $ 219,000 |
| Pendleton, West Virginia | 2 | $ 6,000 | $ 3,000 | $ 17,000 |
| Sarasota, Florida | 1 | $ 221,000 | $ 221,000 | $ 926,000 |
| Baltimore City, Maryland | 1 | $ 111,000 | $ 111,000 | $ 43,000 |
| Carroll, Maryland | 1 | $ 325,000 | $ 325,000 | $ 126,000 |
| Montgomery, Maryland | 1 | $ 86,000 | $ 86,000 | $ 77,000 |
| Franklin, Ohio | 1 | $ 100,000 | $ 100,000 | $ 376,000 |
| Cambria, Pennsylvania | 1 | $ 2,000 | $ 2,000 | $ 13,000 |
| Fulton, Pennsylvania | 1 | $ 4,000 | $ 4,000 | $ 39,000 |
| York, Pennsylvania | 1 | $ 356,000 | $ 356,000 | $ 85,000 |
| Fauquier, Virginia | 1 | $ 900,000 | $ 900,000 | $ 198,000 |
| Harrisonburg, Virginia | 1 | $ 656,000 | $ 656,000 | $ 1,772,000 |
| Henrico, Virginia | 1 | $ 8,000 | $ 8,000 | $ 34,000 |
| Barbour, West Virginia | 1 | $ 1,038,000 | $ 1,038,000 | $ 174,000 |
| Boone, West Virginia | 1 | $ 10,000 | $ 10,000 | $ 29,000 |
| Ohio, West Virginia | 1 | $ 50,000 | $ 50,000 | $ 28,000 |
| Randolph, West Virginia | 1 | $ 45,000 | $ 45,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust 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 | 700 | $128,965,000 | $167,500 | $10,000,000 | $220,666 | $9,999,000 |
| Home Improvement | 372 | $4,766,000 | $54,600 | $225,000 | $215,000 | $926,000 |
| Refinancing | 204 | $35,999,000 | $266,000 | $4,250,000 | $103,500 | $698,000 |
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 | 1,135 | $121,273,000 | $124,857 | $4,250,000 | $281,714 | $9,999,000 |
| Not Provided | 76 | $12,949,000 | $117,500 | $1,500,000 | $59,500 | $750,000 |
| Not applicable | 34 | $31,277,000 | $1,166,500 | $10,000,000 | $3,500 | $80,000 |
| Black or African American | 15 | $958,000 | $69,666 | $174,000 | $33,666 | $97,000 |
| American Indian or Alaskan Native | 8 | $1,755,000 | $403,333 | $900,000 | $120,666 | $198,000 |
| Hispanic | 4 | $242,000 | $60,000 | $184,000 | $38,500 | $56,000 |
| Asian | 3 | $776,000 | $279,000 | $340,000 | $145,500 | $245,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $500,000 | $500,000 | $500,000 | $135,000 | $135,000 |
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) | 1,276 | $169,730,000 | $152,428 | $10,000,000 | $271,714 | $9,999,000 |
| 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 | 758 | $127,237,000 | $188,333 | $10,000,000 | $327,166 | $9,999,000 |
| Application Denied By Financial Institution | 376 | $24,094,000 | $55,750 | $4,250,000 | $64,500 | $342,000 |
| Application Approved But Not Accepted | 42 | $8,891,000 | $134,000 | $1,242,000 | $80,000 | $553,000 |
| Application Withdrawn By Applicant | 40 | $2,517,000 | $49,000 | $300,000 | $36,666 | $122,000 |
| Preapproval Denied by Financial Institution | 35 | $3,232,000 | $92,000 | $200,000 | $51,000 | $176,000 |
| Preapproval Approved but not Accepted | 24 | $3,758,000 | $156,000 | $500,000 | $76,000 | $135,000 |
| File Closed For Incompleteness | 1 | $1,000 | $1,000 | $1,000 | $47,000 | $47,000 |
| Loan Purchased By The 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 First United Bank & Trust'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 United Bank & Trust'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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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