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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cumberland, MD-WV | 141 | $ 12,057,000 | $ 85,510 | $ 52,354 |
| Hagerstown-Martinsburg, MD-WV | 109 | $ 10,092,000 | $ 92,587 | $ 65,550 |
| Morgantown, WV | 51 | $ 6,883,000 | $ 134,960 | $ 76,000 |
| Bethesda-Rockville-Frederick, MD | 32 | $ 8,698,000 | $ 271,812 | $ 104,000 |
| Winchester, VA-WV | 4 | $ 978,000 | $ 244,500 | $ 94,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 141,000 | $ 47,000 | $ 95,000 |
| Baltimore-Towson, MD | 2 | $ 228,000 | $ 114,000 | $ 11,000 |
| Roanoke, VA | 2 | $ 264,000 | $ 132,000 | $ 89,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 332,000 | $ 332,000 | $ 395,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 600,000 | $ 600,000 | $ 1,877,000 |
| Harrisburg-Carlisle, PA | 1 | $ 790,000 | $ 790,000 | $ 290,000 |
| Harrisonburg, VA | 1 | $ 28,000 | $ 28,000 | $ 19,000 |
| Pittsburgh, PA | 1 | $ 57,000 | $ 57,000 | $ 43,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 538,000 | $ 538,000 | $ 82,000 |
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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