Shoreham Bank Mortgage Lending & HMDA Data, 2011
In 2011, Shoreham Bank of Warwick, RI reported 1,256 mortgage applications totaling $93.8 million. The average application was for $74,695, and applicants reported an average income of $70,528. 24% of its applications resulted in an originated loan and 47% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (268), New York-White Plains-Wayne, NY-NJ (50) and Minneapolis-St. Paul-Bloomington, MN-WI (39) (applications in parentheses).
| Mortgage Company & Address | Shoreham Bank One Home Loan Plaza Warwick, RI 02886 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 |
| Total Number of Mortgage Applications | 1,256 |
| Total Mortgage Loan Application Amount | $93,817,000 |
| Average Mortgage Loan Application Amount | $74,695 |
| Highest Mortgage Loan Application Amount | $955,000 |
| Average Applicant Income | $70,528 |
| Highest Applicant Income | $1,080,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Shoreham Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Providence-New Bedford-Fall River, RI-MA | 268 | $ 40,422,000 | $ 150,828 | $ 76,940 |
| New York-White Plains-Wayne, NY-NJ | 50 | $ 9,319,000 | $ 186,380 | $ 115,540 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 39 | $ 229,000 | $ 5,871 | $ 57,000 |
| Boston-Quincy, MA | 37 | $ 4,600,000 | $ 124,324 | $ 94,000 |
| Hartford-West Hartford-East Hartford, CT | 33 | $ 1,828,000 | $ 55,393 | $ 80,000 |
| Kingston, NY | 28 | $ 258,000 | $ 9,214 | $ 47,000 |
| Rochester, NY | 22 | $ 501,000 | $ 22,772 | $ 52,000 |
| Albany-Schenectady-Troy, NY | 19 | $ 1,011,000 | $ 53,210 | $ 45,000 |
| Nassau-Suffolk, NY | 19 | $ 4,030,000 | $ 212,105 | $ 107,000 |
| Edison-New Brunswick, NJ | 18 | $ 472,000 | $ 26,222 | $ 100,000 |
| Newark-Union, NJ-PA | 18 | $ 566,000 | $ 31,444 | $ 81,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 17 | $ 269,000 | $ 15,823 | $ 85,000 |
| Chicago-Joliet-Naperville, IL | 16 | $ 301,000 | $ 18,812 | $ 81,000 |
| Denver-Aurora-Broomfield, CO | 15 | $ 569,000 | $ 37,933 | $ 67,000 |
| Buffalo-Niagara Falls, NY | 14 | $ 396,000 | $ 28,285 | $ 74,000 |
| Cambridge-Newton-Framingham, MA | 14 | $ 1,880,000 | $ 134,285 | $ 79,000 |
| Philadelphia, PA | 14 | $ 1,060,000 | $ 75,714 | $ 62,000 |
| Columbus, OH | 13 | $ 254,000 | $ 19,538 | $ 102,000 |
| Kansas City, MO-KS | 13 | $ 290,000 | $ 22,307 | $ 59,307 |
| New Haven-Milford, CT | 13 | $ 550,000 | $ 42,307 | $ 67,000 |
| Springfield, MA | 13 | $ 353,000 | $ 27,153 | $ 43,000 |
| Syracuse, NY | 13 | $ 273,000 | $ 21,000 | $ 57,000 |
| Phoenix-Mesa-Glendale, AZ | 12 | $ 223,000 | $ 18,583 | $ 68,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 10 | $ 348,000 | $ 34,800 | $ 78,000 |
| Raleigh-Cary, NC | 10 | $ 57,000 | $ 5,700 | $ 51,000 |
| Bridgeport-Stamford-Norwalk, CT | 9 | $ 1,188,000 | $ 132,000 | $ 66,000 |
| Peabody, MA | 9 | $ 1,505,000 | $ 167,222 | $ 82,000 |
| Pittsburgh, PA | 9 | $ 788,000 | $ 87,555 | $ 74,000 |
| Durham-Chapel Hill, NC | 8 | $ 91,000 | $ 11,375 | $ 59,000 |
| Shreveport-Bossier City, LA | 8 | $ 94,000 | $ 11,750 | $ 45,000 |
| Baltimore-Towson, MD | 7 | $ 332,000 | $ 47,428 | $ 54,000 |
| Camden, NJ | 7 | $ 244,000 | $ 34,857 | $ 81,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 7 | $ 1,053,000 | $ 150,428 | $ 111,000 |
| Wichita, KS | 7 | $ 118,000 | $ 16,857 | $ 57,000 |
| Worcester, MA | 7 | $ 997,000 | $ 142,428 | $ 94,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 6 | $ 346,000 | $ 57,666 | $ 92,000 |
| Greensboro-High Point, NC | 6 | $ 33,000 | $ 5,500 | $ 74,000 |
| Richmond, VA | 6 | $ 653,000 | $ 108,833 | $ 135,000 |
| Utica-Rome, NY | 6 | $ 113,000 | $ 18,833 | $ 39,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 186,000 | $ 37,200 | $ 51,000 |
| Cleveland-Elyria-Mentor, OH | 5 | $ 256,000 | $ 51,200 | $ 53,000 |
| Little Rock-North Little Rock-Conway, AR | 5 | $ 67,000 | $ 13,400 | $ 85,000 |
| Barnstable Town, MA | 4 | $ 737,000 | $ 184,250 | $ 125,000 |
| Binghamton, NY | 4 | $ 58,000 | $ 14,500 | $ 56,000 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 39,000 | $ 9,750 | $ 61,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 4 | $ 89,000 | $ 22,250 | $ 75,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 109,000 | $ 27,250 | $ 82,000 |
| Ocean City, NJ | 4 | $ 267,000 | $ 66,750 | $ 140,000 |
| Pine Bluff, AR | 4 | $ 57,000 | $ 14,250 | $ 43,000 |
| Rocky Mount, NC | 4 | $ 39,000 | $ 9,750 | $ 46,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 66,000 | $ 16,500 | $ 78,000 |
| Vineland-Millville-Bridgeton, NJ | 4 | $ 120,000 | $ 30,000 | $ 83,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 679,000 | $ 169,750 | $ 65,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 58,000 | $ 14,500 | $ 105,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,221,000 | $ 305,250 | $ 226,000 |
| Columbia, SC | 3 | $ 89,000 | $ 29,666 | $ 38,000 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 73,000 | $ 24,333 | $ 25,000 |
| Glens Falls, NY | 3 | $ 208,000 | $ 69,333 | $ 47,000 |
| Kalamazoo-Portage, MI | 3 | $ 34,000 | $ 11,333 | $ 70,000 |
| North Port-Bradenton-Sarasota, FL | 3 | $ 28,000 | $ 9,333 | $ 59,000 |
| Norwich-New London, CT | 3 | $ 129,000 | $ 43,000 | $ 77,000 |
| Peoria, IL | 3 | $ 63,000 | $ 21,000 | $ 29,000 |
| Pittsfield, MA | 3 | $ 40,000 | $ 13,333 | $ 62,000 |
| Scranton--Wilkes-Barre, PA | 3 | $ 222,000 | $ 74,000 | $ 64,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 33,000 | $ 11,000 | $ 130,000 |
| St. Cloud, MN | 3 | $ 11,000 | $ 3,666 | $ 40,000 |
| Toledo, OH | 3 | $ 29,000 | $ 9,666 | $ 23,000 |
| Tulsa, OK | 3 | $ 118,000 | $ 39,333 | $ 78,000 |
| Bangor, ME | 2 | $ 138,000 | $ 69,000 | $ 17,000 |
| Battle Creek, MI | 2 | $ 39,000 | $ 19,500 | $ 89,000 |
| Columbia, MO | 2 | $ 32,000 | $ 16,000 | $ 72,000 |
| Davenport-Moline-Rock Island, IA-IL | 2 | $ 191,000 | $ 95,500 | $ 208,000 |
| Dayton, OH | 2 | $ 30,000 | $ 15,000 | $ 70,000 |
| Des Moines-West Des Moines, IA | 2 | $ 38,000 | $ 19,000 | $ 29,000 |
| Elmira, NY | 2 | $ 18,000 | $ 9,000 | $ 35,000 |
| Flint, MI | 2 | $ 45,000 | $ 22,500 | $ 63,000 |
| Fort Smith, AR-OK | 2 | $ 38,000 | $ 19,000 | $ 65,500 |
| Harrisburg-Carlisle, PA | 2 | $ 253,000 | $ 126,500 | $ 87,000 |
| Indianapolis-Carmel, IN | 2 | $ 11,000 | $ 5,500 | $ 28,000 |
| Jackson, MS | 2 | $ 21,000 | $ 10,500 | $ 43,000 |
| Jacksonville, FL | 2 | $ 40,000 | $ 20,000 | $ 72,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 42,000 | $ 21,000 | $ 35,000 |
| Muskegon-Norton Shores, MI | 2 | $ 164,000 | $ 82,000 | $ 76,000 |
| Portland-South Portland-Biddeford, ME | 2 | $ 90,000 | $ 45,000 | $ 74,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 16,000 | $ 8,000 | $ 29,000 |
| Reading, PA | 2 | $ 266,000 | $ 133,000 | $ 74,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 47,000 | $ 23,500 | $ 113,000 |
| Rockford, IL | 2 | $ 65,000 | $ 32,500 | $ 43,000 |
| Rockingham County-Strafford County, NH | 2 | $ 179,000 | $ 89,500 | $ 103,000 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 18,000 | $ 9,000 | $ 152,000 |
| Spokane, WA | 2 | $ 42,000 | $ 21,000 | $ 67,000 |
| St. Louis, MO-IL | 2 | $ 247,000 | $ 123,500 | $ 28,500 |
| Topeka, KS | 2 | $ 89,000 | $ 44,500 | $ 98,000 |
| Wilmington, DE-MD-NJ | 2 | $ 429,000 | $ 214,500 | $ 118,000 |
| Wilmington, NC | 2 | $ 14,000 | $ 7,000 | $ 39,000 |
| Akron, OH | 1 | $ 10,000 | $ 10,000 | $ 154,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 241,000 | $ 241,000 | $ 105,000 |
| Birmingham-Hoover, AL | 1 | $ 9,000 | $ 9,000 | $ 45,000 |
| Bloomington, IN | 1 | $ 27,000 | $ 27,000 | $ 38,000 |
| Bloomington-Normal, IL | 1 | $ 6,000 | $ 6,000 | $ 27,000 |
| Burlington-South Burlington, VT | 1 | $ 211,000 | $ 211,000 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 132,000 | $ 132,000 | $ 25,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 18,000 | $ 18,000 | $ 60,000 |
| Chattanooga, TN-GA | 1 | $ 20,000 | $ 20,000 | $ 89,000 |
| Clarksville, TN-KY | 1 | $ 25,000 | $ 25,000 | $ 72,000 |
| Coeur D'Alene, ID | 1 | $ 25,000 | $ 25,000 | $ 110,000 |
| Erie, PA | 1 | $ 128,000 | $ 128,000 | $ 34,000 |
| Fayetteville, NC | 1 | $ 20,000 | $ 20,000 | $ 24,000 |
| Florence, SC | 1 | $ 8,000 | $ 8,000 | $ 132,000 |
| Fort Wayne, IN | 1 | $ 13,000 | $ 13,000 | $ 27,000 |
| Fort Worth-Arlington, TX | 1 | $ 8,000 | $ 8,000 | $ 32,000 |
| Fresno, CA | 1 | $ 93,000 | $ 93,000 | $ 41,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 5,000 | $ 5,000 | $ 17,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 20,000 | $ 20,000 | $ 16,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 80,000 | $ 80,000 | $ 22,000 |
| Ithaca, NY | 1 | $ 24,000 | $ 24,000 | $ 42,000 |
| Jefferson City, MO | 1 | $ 9,000 | $ 9,000 | $ 24,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 185,000 | $ 185,000 | $ 28,000 |
| Knoxville, TN | 1 | $ 78,000 | $ 78,000 | $ 40,000 |
| Lafayette, IN | 1 | $ 56,000 | $ 56,000 | $ 155,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 17,000 | $ 17,000 | $ 111,000 |
| Lancaster, PA | 1 | $ 9,000 | $ 9,000 | $ 85,000 |
| Lawrence, KS | 1 | $ 25,000 | $ 25,000 | $ 66,000 |
| Lewiston-Auburn, ME | 1 | $ 70,000 | $ 70,000 | $ 11,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 25,000 | $ 25,000 | $ 71,000 |
| Manchester-Nashua, NH | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Michigan City-La Porte, IN | 1 | $ 10,000 | $ 10,000 | $ 150,000 |
| Morgantown, WV | 1 | $ 25,000 | $ 25,000 | $ 30,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 8,000 | $ 8,000 | $ 60,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 165,000 | $ 165,000 | $ 65,000 |
| Olympia, WA | 1 | $ 25,000 | $ 25,000 | $ 82,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 6,000 | $ 6,000 | $ 85,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 8,000 | $ 8,000 | $ 112,000 |
| Owensboro, KY | 1 | $ 5,000 | $ 5,000 | $ 22,000 |
| Port St. Lucie, FL | 1 | $ 47,000 | $ 47,000 | $ 14,000 |
| Roanoke, VA | 1 | $ 64,000 | $ 64,000 | $ 22,000 |
| Rome, GA | 1 | $ 50,000 | $ 50,000 | $ 12,000 |
| Saginaw-Saginaw Township North, MI | 1 | $ 25,000 | $ 25,000 | $ 79,000 |
| Salem, OR | 1 | $ 8,000 | $ 8,000 | $ 39,000 |
| San Antonio-New Braunfels, TX | 1 | $ 4,000 | $ 4,000 | $ 27,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 25,000 | $ 25,000 | $ 198,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 3,000 | $ 3,000 | $ 41,000 |
| Springfield, OH | 1 | $ 59,000 | $ 59,000 | $ 12,000 |
| Tacoma, WA | 1 | $ 12,000 | $ 12,000 | $ 42,000 |
| Trenton-Ewing, NJ | 1 | $ 6,000 | $ 6,000 | $ 0 |
| Vallejo-Fairfield, CA | 1 | $ 25,000 | $ 25,000 | $ 159,000 |
| Williamsport, PA | 1 | $ 195,000 | $ 195,000 | $ 94,000 |
| York-Hanover, PA | 1 | $ 8,000 | $ 8,000 | $ 18,000 |
| Yuba City, CA | 1 | $ 23,000 | $ 23,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Shoreham Bank in 2011
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 Improvement | 800 | $10,457,000 | $13,000 | $27,000 | $66,000 | $300,000 |
| Refinancing | 328 | $61,378,000 | $187,000 | $955,000 | $81,000 | $1,080,000 |
| Home Purchase | 128 | $21,982,000 | $171,000 | $551,000 | $72,000 | $482,000 |
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 | 987 | $66,641,000 | $67,000 | $955,000 | $69,000 | $1,080,000 |
| Black or African American | 100 | $6,461,000 | $64,000 | $429,000 | $63,000 | $250,000 |
| Not Provided | 77 | $11,446,000 | $148,000 | $665,000 | $91,000 | $591,000 |
| Hispanic | 66 | $5,287,000 | $80,000 | $551,000 | $67,000 | $173,000 |
| Asian | 21 | $3,703,000 | $176,000 | $488,000 | $89,000 | $228,000 |
| American Indian or Alaskan Native | 3 | $263,000 | $87,000 | $180,000 | $162,000 | $360,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $16,000 | $8,000 | $8,000 | $74,000 | $75,000 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 918 | $31,822,000 | $34,000 | $551,000 | $65,000 | $300,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 327 | $59,723,000 | $182,000 | $955,000 | $86,000 | $1,080,000 |
| VA-guaranteed (Veterans Administration) | 11 | $2,272,000 | $206,000 | $417,000 | $57,000 | $226,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 585 | $37,247,000 | $63,000 | $955,000 | $57,000 | $286,000 |
| Loan Originated | 299 | $25,295,000 | $84,000 | $665,000 | $85,000 | $591,000 |
| Application Withdrawn By Applicant | 250 | $8,558,000 | $34,000 | $835,000 | $75,000 | $1,080,000 |
| Application Approved But Not Accepted | 118 | $21,646,000 | $183,000 | $529,000 | $91,000 | $423,000 |
| File Closed For Incompleteness | 4 | $1,071,000 | $267,000 | $429,000 | $141,000 | $176,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 472 | $24,718,000 | $52,000 | $955,000 | $55,000 | $257,000 |
| Debt-To-Income Ratio | 86 | $7,479,000 | $86,000 | $483,000 | $61,000 | $286,000 |
| Collateral | 14 | $3,219,000 | $229,000 | $374,000 | $91,000 | $172,000 |
| Other | 6 | $302,000 | $50,000 | $229,000 | $82,000 | $126,000 |
| Employment History | 3 | $659,000 | $219,000 | $252,000 | $34,000 | $68,000 |
| Unverifiable Information | 2 | $455,000 | $227,000 | $285,000 | $48,000 | $51,000 |
| Credit Application Incomplete | 2 | $415,000 | $207,000 | $350,000 | $92,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Shoreham Bank's 2011 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 Shoreham Bank'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.
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