Irwin Bank & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, Irwin Bank & Trust Company of Irwin, PA reported 1,159 mortgage applications totaling $103.5 million, down 43% from 2003. The average application was for $89,289, and applicants reported an average income of $52,681. 73% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Pittsburgh, PA (1,145) and Johnstown, PA (1).
| Mortgage Company & Address | Irwin Bank & Trust Company 309 Main Street Irwin, PA 15642 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,159 |
| Total Mortgage Loan Application Amount | $103,486,000 |
| Average Mortgage Loan Application Amount | $89,289 |
| Highest Mortgage Loan Application Amount | $5,051,000 |
| Average Applicant Income | $52,681 |
| Highest Applicant Income | $550,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Irwin Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Westmoreland, Pennsylvania | 830 | $ 62,692,000 | $ 75,532 | $ 50,000 |
| Allegheny, Pennsylvania | 281 | $ 31,223,000 | $ 111,113 | $ 47,000 |
| Fayette, Pennsylvania | 16 | $ 1,265,000 | $ 79,062 | $ 40,000 |
| Indiana, Pennsylvania | 8 | $ 585,000 | $ 73,125 | $ 55,000 |
| Washington, Pennsylvania | 7 | $ 875,000 | $ 125,000 | $ 34,000 |
| Beaver, Pennsylvania | 4 | $ 529,000 | $ 132,250 | $ 73,000 |
| Butler, Pennsylvania | 4 | $ 4,318,000 | $ 1,079,500 | $ 108,000 |
| Armstrong, Pennsylvania | 3 | $ 232,000 | $ 77,333 | $ 62,000 |
| Somerset, Pennsylvania | 2 | $ 1,017,000 | $ 508,500 | $ 0 |
| Garrett, Maryland | 1 | $ 234,000 | $ 234,000 | $ 252,000 |
| Cambria, Pennsylvania | 1 | $ 86,000 | $ 86,000 | $ 190,000 |
| Jefferson, Pennsylvania | 1 | $ 68,000 | $ 68,000 | $ 53,000 |
| Lawrence, Pennsylvania | 1 | $ 362,000 | $ 362,000 | $ 0 |
Mortgage Loan Application Detail Totals for Irwin Bank & Trust Company in 2004
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 |
|---|---|---|---|---|---|---|
| Refinancing | 573 | $52,318,000 | $162,500 | $5,051,000 | $155,000 | $308,000 |
| Home Improvement | 383 | $22,360,000 | $58,000 | $3,750,000 | $52,000 | $550,000 |
| Home Purchase | 203 | $28,808,000 | $141,000 | $1,070,000 | $38,000 | $304,000 |
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 | 1,028 | $62,603,000 | $147,000 | $550,000 | $154,500 | $304,000 |
| Not Provided | 80 | $19,514,000 | $243,000 | $3,750,000 | $47,000 | $190,000 |
| Not applicable | 32 | $20,364,000 | $636,000 | $5,051,000 | $16,000 | $308,000 |
| Asian | 7 | $468,000 | $66,000 | $128,000 | $109,000 | $550,000 |
| Black or African American | 5 | $165,000 | $33,000 | $58,000 | $53,000 | $78,000 |
| American Indian or Alaskan Native | 4 | $210,000 | $52,000 | $75,000 | $35,000 | $90,000 |
| Hispanic | 3 | $162,000 | $54,000 | $102,000 | $108,000 | $194,000 |
| 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) | 1,151 | $102,824,000 | $161,500 | $5,051,000 | $151,000 | $550,000 |
| FHA-insured (Federal Housing Administration) | 8 | $662,000 | $82,000 | $114,000 | $55,000 | $76,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 | 847 | $59,767,000 | $152,000 | $1,974,000 | $162,000 | $550,000 |
| Application Denied By Financial Institution | 183 | $23,469,000 | $128,000 | $5,051,000 | $38,000 | $199,000 |
| Application Withdrawn By Applicant | 72 | $8,407,000 | $116,000 | $1,500,000 | $52,000 | $149,000 |
| Application Approved But Not Accepted | 53 | $11,266,000 | $212,000 | $3,750,000 | $29,000 | $182,000 |
| File Closed For Incompleteness | 4 | $577,000 | $144,000 | $433,000 | $81,000 | $93,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 69 | $5,794,000 | $83,000 | $655,000 | $26,000 | $89,000 |
| Credit History | 63 | $3,389,000 | $53,000 | $700,000 | $38,000 | $199,000 |
| Collateral | 31 | $7,771,000 | $250,000 | $5,051,000 | $47,000 | $175,000 |
| Credit Application Incomplete | 10 | $568,000 | $56,000 | $140,000 | $56,000 | $177,000 |
| Unverifiable Information | 5 | $5,449,000 | $1,089,000 | $3,000,000 | $37,000 | $187,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $250,000 | $250,000 | $250,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $77,000 | $77,000 | $77,000 | $37,000 | $37,000 |
| Other | 1 | $22,000 | $22,000 | $22,000 | $55,000 | $55,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Irwin Bank & Trust Company's 2004 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 Irwin Bank & Trust Company'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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