First United Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, First United Bank & Trust of Oakland, MD reported 612 mortgage applications totaling $112.7 million, down 18% from 2013. The average application was for $184,205, and applicants reported an average income of $89,529. 66% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Cumberland, MD-WV (116), Hagerstown-Martinsburg, MD-WV (113) and Morgantown, WV (87) (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 | 612 |
| Total Mortgage Loan Application Amount | $112,734,000 |
| Average Mortgage Loan Application Amount | $184,205 |
| Highest Mortgage Loan Application Amount | $3,200,000 |
| Average Applicant Income | $89,529 |
| Highest Applicant Income | $947,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 144 | $ 27,238,000 | $ 189,152 | $ 115,000 |
| Allegany, Maryland | 67 | $ 6,152,000 | $ 91,820 | $ 55,000 |
| Berkeley, West Virginia | 62 | $ 5,010,000 | $ 80,806 | $ 72,000 |
| Monongalia, West Virginia | 61 | $ 16,123,000 | $ 264,311 | $ 85,000 |
| Washington, Maryland | 51 | $ 8,915,000 | $ 174,803 | $ 80,000 |
| Frederick, Maryland | 49 | $ 17,720,000 | $ 361,632 | $ 117,000 |
| Mineral, West Virginia | 49 | $ 4,252,000 | $ 86,775 | $ 79,000 |
| Preston, West Virginia | 26 | $ 1,915,000 | $ 73,653 | $ 48,000 |
| Jefferson, West Virginia | 16 | $ 1,813,000 | $ 113,312 | $ 53,000 |
| Marion, West Virginia | 10 | $ 5,723,000 | $ 572,300 | $ 53,000 |
| Hampshire, West Virginia | 8 | $ 350,000 | $ 43,750 | $ 64,000 |
| Montgomery, Maryland | 5 | $ 2,360,000 | $ 472,000 | $ 196,000 |
| Hardy, West Virginia | 5 | $ 860,000 | $ 172,000 | $ 253,000 |
| Fayette, Pennsylvania | 4 | $ 653,000 | $ 163,250 | $ 90,000 |
| Franklin, Pennsylvania | 4 | $ 718,000 | $ 179,500 | $ 75,000 |
| Loudoun, Virginia | 4 | $ 1,875,000 | $ 468,750 | $ 164,000 |
| Grant, West Virginia | 4 | $ 156,000 | $ 39,000 | $ 33,000 |
| Morgan, West Virginia | 4 | $ 209,000 | $ 52,250 | $ 56,000 |
| Carroll, Maryland | 3 | $ 666,000 | $ 222,000 | $ 66,000 |
| Harrison, West Virginia | 3 | $ 3,256,000 | $ 1,085,333 | $ 37,000 |
| Wake, North Carolina | 2 | $ 280,000 | $ 140,000 | $ 48,000 |
| Greene, Pennsylvania | 2 | $ 248,000 | $ 124,000 | $ 86,000 |
| Somerset, Pennsylvania | 2 | $ 17,000 | $ 8,500 | $ 65,000 |
| Horry, South Carolina | 2 | $ 426,000 | $ 213,000 | $ 120,000 |
| Tucker, West Virginia | 2 | $ 263,000 | $ 131,500 | $ 57,000 |
| Collier, Florida | 1 | $ 499,000 | $ 499,000 | $ 83,000 |
| Escambia, Florida | 1 | $ 60,000 | $ 60,000 | $ 46,000 |
| Highlands, Florida | 1 | $ 4,000 | $ 4,000 | $ 25,000 |
| Miami-Dade, Florida | 1 | $ 187,000 | $ 187,000 | $ 213,000 |
| Pinellas, Florida | 1 | $ 658,000 | $ 658,000 | $ 180,000 |
| Hart, Georgia | 1 | $ 20,000 | $ 20,000 | $ 0 |
| Orange, Indiana | 1 | $ 50,000 | $ 50,000 | $ 42,000 |
| Howard, Maryland | 1 | $ 140,000 | $ 140,000 | $ 150,000 |
| Queen Anne's, Maryland | 1 | $ 802,000 | $ 802,000 | $ 868,000 |
| Worcester, Maryland | 1 | $ 300,000 | $ 300,000 | $ 436,000 |
| Dare, North Carolina | 1 | $ 317,000 | $ 317,000 | $ 56,000 |
| Henderson, North Carolina | 1 | $ 140,000 | $ 140,000 | $ 28,000 |
| Washington, Ohio | 1 | $ 209,000 | $ 209,000 | $ 93,000 |
| Indiana, Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 65,000 |
| Washington, Pennsylvania | 1 | $ 49,000 | $ 49,000 | $ 47,000 |
| Jasper, South Carolina | 1 | $ 200,000 | $ 200,000 | $ 99,000 |
| Fairfax, Virginia | 1 | $ 476,000 | $ 476,000 | $ 165,000 |
| Frederick, Virginia | 1 | $ 35,000 | $ 35,000 | $ 114,000 |
| Westmoreland, Virginia | 1 | $ 310,000 | $ 310,000 | $ 122,000 |
| Barbour, West Virginia | 1 | $ 143,000 | $ 143,000 | $ 146,000 |
| Doddridge, West Virginia | 1 | $ 68,000 | $ 68,000 | $ 55,000 |
| Kanawha, West Virginia | 1 | $ 592,000 | $ 592,000 | $ 0 |
| Taylor, West Virginia | 1 | $ 192,000 | $ 192,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2014
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 | 294 | $73,692,000 | $250,000 | $3,200,000 | $115,000 | $868,000 |
| Home Improvement | 183 | $4,710,000 | $25,000 | $450,000 | $49,000 | $363,000 |
| Refinancing | 135 | $34,332,000 | $254,000 | $2,198,000 | $89,000 | $947,000 |
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 | 512 | $79,135,000 | $154,000 | $950,000 | $93,000 | $947,000 |
| Not applicable | 38 | $19,049,000 | $501,000 | $3,200,000 | $0 | $0 |
| Not Provided | 36 | $9,485,000 | $263,000 | $1,275,000 | $132,000 | $868,000 |
| Black or African American | 9 | $2,446,000 | $271,000 | $639,000 | $112,000 | $217,000 |
| Hispanic | 7 | $715,000 | $102,000 | $184,000 | $58,000 | $111,000 |
| Asian | 7 | $1,578,000 | $225,000 | $660,000 | $151,000 | $489,000 |
| American Indian or Alaskan Native | 3 | $326,000 | $108,000 | $248,000 | $44,000 | $56,000 |
| 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) | 605 | $111,948,000 | $185,000 | $3,200,000 | $90,000 | $947,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $786,000 | $112,000 | $213,000 | $39,000 | $65,000 |
| 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 | 406 | $72,691,000 | $179,000 | $2,198,000 | $98,000 | $868,000 |
| Application Denied By Financial Institution | 127 | $21,811,000 | $171,000 | $3,200,000 | $63,000 | $381,000 |
| Application Approved But Not Accepted | 50 | $12,835,000 | $256,000 | $1,700,000 | $97,000 | $947,000 |
| Application Withdrawn By Applicant | 18 | $3,495,000 | $194,000 | $639,000 | $75,000 | $271,000 |
| File Closed For Incompleteness | 10 | $1,850,000 | $185,000 | $458,000 | $86,000 | $259,000 |
| Loan Purchased By The Institution | 1 | $52,000 | $52,000 | $52,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 2014 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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