First United Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First United Bank & Trust of Oakland, MD reported 659 mortgage applications totaling $80.6 million, down 21% from 2008. The average application was for $122,339, and applicants reported an average income of $76,089. 53% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Hagerstown-Martinsburg, MD-WV (154), Cumberland, MD-WV (153) and Morgantown, WV (80) (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 | 659 |
| Total Mortgage Loan Application Amount | $80,622,000 |
| Average Mortgage Loan Application Amount | $122,339 |
| Highest Mortgage Loan Application Amount | $4,340,000 |
| Average Applicant Income | $76,089 |
| Highest Applicant Income | $1,463,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 142 | $ 24,469,000 | $ 172,316 | $ 103,000 |
| Berkeley, West Virginia | 121 | $ 7,102,000 | $ 58,694 | $ 54,000 |
| Allegany, Maryland | 78 | $ 8,790,000 | $ 112,692 | $ 42,000 |
| Mineral, West Virginia | 75 | $ 4,115,000 | $ 54,866 | $ 62,000 |
| Monongalia, West Virginia | 48 | $ 5,207,000 | $ 108,479 | $ 66,000 |
| Preston, West Virginia | 32 | $ 3,974,000 | $ 124,187 | $ 61,000 |
| Frederick, Maryland | 30 | $ 3,895,000 | $ 129,833 | $ 132,000 |
| Washington, Maryland | 28 | $ 4,039,000 | $ 144,250 | $ 46,000 |
| Grant, West Virginia | 10 | $ 653,000 | $ 65,300 | $ 31,000 |
| Jefferson, West Virginia | 10 | $ 463,000 | $ 46,300 | $ 38,000 |
| Hardy, West Virginia | 8 | $ 784,000 | $ 98,000 | $ 70,000 |
| Carroll, Maryland | 7 | $ 4,316,000 | $ 616,571 | $ 294,000 |
| Bedford, Pennsylvania | 5 | $ 313,000 | $ 62,600 | $ 44,000 |
| Fayette, Pennsylvania | 5 | $ 75,000 | $ 15,000 | $ 60,000 |
| Hampshire, West Virginia | 5 | $ 475,000 | $ 95,000 | $ 36,000 |
| Morgan, West Virginia | 5 | $ 310,000 | $ 62,000 | $ 29,000 |
| Tucker, West Virginia | 5 | $ 1,282,000 | $ 256,400 | $ 267,000 |
| Frederick, Virginia | 4 | $ 158,000 | $ 39,500 | $ 46,000 |
| Baltimore, Maryland | 2 | $ 4,303,000 | $ 2,151,500 | $ 744,000 |
| Snyder, Pennsylvania | 2 | $ 285,000 | $ 142,500 | $ 138,000 |
| Somerset, Pennsylvania | 2 | $ 46,000 | $ 23,000 | $ 33,000 |
| Loudoun, Virginia | 2 | $ 465,000 | $ 232,500 | $ 114,000 |
| Marion, West Virginia | 2 | $ 8,000 | $ 4,000 | $ 8,000 |
| District of Columbia, District Of Columbia | 1 | $ 140,000 | $ 140,000 | $ 251,000 |
| Broward, Florida | 1 | $ 522,000 | $ 522,000 | $ 600,000 |
| Baltimore City, Maryland | 1 | $ 92,000 | $ 92,000 | $ 84,000 |
| Montgomery, Maryland | 1 | $ 400,000 | $ 400,000 | $ 402,000 |
| Prince George's, Maryland | 1 | $ 29,000 | $ 29,000 | $ 26,000 |
| Buncombe, North Carolina | 1 | $ 115,000 | $ 115,000 | $ 203,000 |
| Tyrrell, North Carolina | 1 | $ 45,000 | $ 45,000 | $ 76,000 |
| Athens, Ohio | 1 | $ 21,000 | $ 21,000 | $ 44,000 |
| Allegheny, Pennsylvania | 1 | $ 80,000 | $ 80,000 | $ 38,000 |
| Dauphin, Pennsylvania | 1 | $ 1,571,000 | $ 1,571,000 | $ 380,000 |
| Greene, Pennsylvania | 1 | $ 9,000 | $ 9,000 | $ 35,000 |
| Prince William, Virginia | 1 | $ 30,000 | $ 30,000 | $ 0 |
| Shenandoah, Virginia | 1 | $ 3,000 | $ 3,000 | $ 87,000 |
| Tazewell, Virginia | 1 | $ 4,000 | $ 4,000 | $ 0 |
| Kanawha, West Virginia | 1 | $ 195,000 | $ 195,000 | $ 194,000 |
| Pendleton, West Virginia | 1 | $ 80,000 | $ 80,000 | $ 25,000 |
| Randolph, West Virginia | 1 | $ 25,000 | $ 25,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2009
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 | 302 | $44,606,000 | $147,000 | $1,571,000 | $88,000 | $1,463,000 |
| Home Improvement | 236 | $5,087,000 | $21,000 | $550,000 | $45,000 | $402,000 |
| Refinancing | 121 | $30,929,000 | $255,000 | $4,340,000 | $107,000 | $1,200,000 |
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 | 578 | $67,418,000 | $116,000 | $4,340,000 | $76,000 | $1,463,000 |
| Not Provided | 47 | $7,647,000 | $162,000 | $800,000 | $105,000 | $605,000 |
| Not applicable | 18 | $4,252,000 | $236,000 | $550,000 | $0 | $0 |
| Black or African American | 5 | $124,000 | $24,000 | $70,000 | $65,000 | $122,000 |
| Asian | 4 | $780,000 | $195,000 | $400,000 | $206,000 | $402,000 |
| American Indian or Alaskan Native | 3 | $179,000 | $59,000 | $133,000 | $63,000 | $87,000 |
| Hispanic | 3 | $219,000 | $73,000 | $121,000 | $60,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $3,000 | $3,000 | $3,000 | $17,000 | $17,000 |
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) | 620 | $75,723,000 | $122,000 | $4,340,000 | $78,000 | $1,463,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 39 | $4,899,000 | $125,000 | $275,000 | $46,000 | $77,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 349 | $44,950,000 | $128,000 | $4,340,000 | $86,000 | $1,228,000 |
| Application Denied By Financial Institution | 220 | $24,961,000 | $113,000 | $4,125,000 | $62,000 | $1,200,000 |
| Application Approved But Not Accepted | 41 | $3,982,000 | $97,000 | $867,000 | $99,000 | $1,463,000 |
| Application Withdrawn By Applicant | 26 | $2,961,000 | $113,000 | $365,000 | $54,000 | $138,000 |
| Preapproval Denied by Financial Institution | 14 | $1,734,000 | $123,000 | $400,000 | $41,000 | $64,000 |
| File Closed For Incompleteness | 9 | $2,034,000 | $226,000 | $507,000 | $74,000 | $230,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 2009 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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