First United Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, First United Bank & Trust of Oakland, MD reported 548 mortgage applications totaling $73.2 million, down 17% from 2009. The average application was for $133,512, and applicants reported an average income of $76,886. 61% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Cumberland, MD-WV (141), Hagerstown-Martinsburg, MD-WV (109) and Morgantown, WV (51) (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 | 548 |
| Total Mortgage Loan Application Amount | $73,165,000 |
| Average Mortgage Loan Application Amount | $133,512 |
| Highest Mortgage Loan Application Amount | $2,067,000 |
| Average Applicant Income | $76,886 |
| Highest Applicant Income | $1,877,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 153 | $ 26,409,000 | $ 172,607 | $ 88,000 |
| Allegany, Maryland | 77 | $ 7,008,000 | $ 91,012 | $ 46,000 |
| Berkeley, West Virginia | 73 | $ 4,950,000 | $ 67,808 | $ 60,000 |
| Mineral, West Virginia | 64 | $ 5,049,000 | $ 78,890 | $ 60,000 |
| Washington, Maryland | 31 | $ 4,909,000 | $ 158,354 | $ 77,000 |
| Monongalia, West Virginia | 31 | $ 4,500,000 | $ 145,161 | $ 86,000 |
| Frederick, Maryland | 30 | $ 6,972,000 | $ 232,400 | $ 108,000 |
| Preston, West Virginia | 20 | $ 2,383,000 | $ 119,150 | $ 61,000 |
| Grant, West Virginia | 7 | $ 262,000 | $ 37,428 | $ 46,000 |
| Hardy, West Virginia | 7 | $ 912,000 | $ 130,285 | $ 61,000 |
| Somerset, Pennsylvania | 5 | $ 378,000 | $ 75,600 | $ 37,000 |
| Morgan, West Virginia | 5 | $ 233,000 | $ 46,600 | $ 72,000 |
| Harrison, West Virginia | 4 | $ 245,000 | $ 61,250 | $ 81,000 |
| Shenandoah, Virginia | 3 | $ 18,000 | $ 6,000 | $ 80,000 |
| Hampshire, West Virginia | 3 | $ 752,000 | $ 250,666 | $ 83,000 |
| Marion, West Virginia | 3 | $ 461,000 | $ 153,666 | $ 82,000 |
| Sussex, Delaware | 2 | $ 491,000 | $ 245,500 | $ 183,000 |
| Montgomery, Maryland | 2 | $ 1,726,000 | $ 863,000 | $ 45,000 |
| Worcester, Maryland | 2 | $ 534,000 | $ 267,000 | $ 103,000 |
| Craig, Virginia | 2 | $ 264,000 | $ 132,000 | $ 89,000 |
| Jefferson, West Virginia | 2 | $ 45,000 | $ 22,500 | $ 97,000 |
| Taylor, West Virginia | 2 | $ 288,000 | $ 144,000 | $ 69,000 |
| Volusia, Florida | 1 | $ 600,000 | $ 600,000 | $ 1,877,000 |
| Baltimore, Maryland | 1 | $ 120,000 | $ 120,000 | $ 22,000 |
| Carroll, Maryland | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Prince George's, Maryland | 1 | $ 96,000 | $ 96,000 | $ 91,000 |
| Talbot, Maryland | 1 | $ 101,000 | $ 101,000 | $ 116,000 |
| Bertie, North Carolina | 1 | $ 180,000 | $ 180,000 | $ 151,000 |
| Mecklenburg, North Carolina | 1 | $ 332,000 | $ 332,000 | $ 395,000 |
| Bedford, Pennsylvania | 1 | $ 15,000 | $ 15,000 | $ 50,000 |
| Dauphin, Pennsylvania | 1 | $ 790,000 | $ 790,000 | $ 290,000 |
| Fayette, Pennsylvania | 1 | $ 57,000 | $ 57,000 | $ 43,000 |
| Franklin, Pennsylvania | 1 | $ 166,000 | $ 166,000 | $ 55,000 |
| Greene, Pennsylvania | 1 | $ 108,000 | $ 108,000 | $ 68,000 |
| Frederick, Virginia | 1 | $ 226,000 | $ 226,000 | $ 127,000 |
| Harrisonburg, Virginia | 1 | $ 28,000 | $ 28,000 | $ 19,000 |
| Orange, Virginia | 1 | $ 250,000 | $ 250,000 | $ 174,000 |
| Virginia Beach, Virginia | 1 | $ 538,000 | $ 538,000 | $ 82,000 |
| Pendleton, West Virginia | 1 | $ 273,000 | $ 273,000 | $ 161,000 |
| Tucker, West Virginia | 1 | $ 85,000 | $ 85,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2010
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 | 207 | $39,314,000 | $189,000 | $2,067,000 | $86,000 | $631,000 |
| Home Improvement | 172 | $3,703,000 | $21,000 | $735,000 | $55,000 | $1,877,000 |
| Refinancing | 169 | $30,148,000 | $178,000 | $1,600,000 | $88,000 | $824,000 |
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 | 469 | $52,635,000 | $112,000 | $1,335,000 | $75,000 | $1,877,000 |
| Not Provided | 42 | $9,164,000 | $218,000 | $2,067,000 | $111,000 | $631,000 |
| Not applicable | 20 | $7,650,000 | $382,000 | $1,630,000 | $0 | $0 |
| Black or African American | 6 | $1,093,000 | $182,000 | $459,000 | $132,000 | $395,000 |
| American Indian or Alaskan Native | 5 | $479,000 | $95,000 | $166,000 | $75,000 | $92,000 |
| Asian | 4 | $2,127,000 | $531,000 | $1,400,000 | $248,000 | $520,000 |
| Hispanic | 2 | $17,000 | $8,000 | $10,000 | $81,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 534 | $70,814,000 | $132,000 | $2,067,000 | $77,000 | $1,877,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $2,351,000 | $167,000 | $306,000 | $59,000 | $87,000 |
| 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 | 335 | $46,534,000 | $138,000 | $1,630,000 | $80,000 | $1,877,000 |
| Application Denied By Financial Institution | 149 | $16,980,000 | $113,000 | $2,067,000 | $67,000 | $631,000 |
| Application Approved But Not Accepted | 37 | $5,714,000 | $154,000 | $665,000 | $87,000 | $471,000 |
| Application Withdrawn By Applicant | 21 | $2,905,000 | $138,000 | $459,000 | $77,000 | $565,000 |
| File Closed For Incompleteness | 4 | $729,000 | $182,000 | $417,000 | $82,000 | $114,000 |
| Preapproval Denied by Financial Institution | 2 | $303,000 | $151,000 | $168,000 | $60,000 | $81,000 |
| 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 2010 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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