Meridian Bank Mortgage Lending & HMDA Data, 2014

In 2014, Meridian Bank of Malvern, PA reported 3,636 mortgage applications totaling $737.7 million, down 8% from 2013. The average application was for $202,889, and applicants reported an average income of $86,678. 77% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (641), Philadelphia, PA (605) and Wilmington, DE-MD-NJ (465) (applications in parentheses).

Mortgage Company & Address Meridian Bank
9 Old Lincoln Highway
Malvern, PA 19355
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 3,636
Total Mortgage Loan Application Amount $737,708,000
Average Mortgage Loan Application Amount $202,889
Highest Mortgage Loan Application Amount $7,900,000
Average Applicant Income $86,678
Highest Applicant Income $1,000,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Meridian Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Meridian Bank by County in 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
New Castle, Delaware 441 $ 87,447,000 $ 198,292 $ 75,000
Philadelphia, Pennsylvania 440 $ 85,279,000 $ 193,815 $ 62,000
Atlantic, New Jersey 293 $ 48,946,000 $ 167,051 $ 81,000
Montgomery, Pennsylvania 262 $ 65,351,000 $ 249,431 $ 118,000
Bucks, Pennsylvania 204 $ 46,563,000 $ 228,250 $ 104,000
Sussex, Delaware 203 $ 35,972,000 $ 177,201 $ 61,000
Chester, Pennsylvania 175 $ 45,615,000 $ 260,657 $ 114,000
Berks, Pennsylvania 168 $ 25,884,000 $ 154,071 $ 74,000
Delaware, Pennsylvania 165 $ 37,056,000 $ 224,581 $ 102,000
Burlington, New Jersey 114 $ 23,971,000 $ 210,271 $ 95,000
Lancaster, Pennsylvania 95 $ 16,084,000 $ 169,305 $ 77,000
Cape May, New Jersey 90 $ 23,688,000 $ 263,200 $ 148,000
Kent, Delaware 82 $ 14,971,000 $ 182,573 $ 62,000
Camden, New Jersey 77 $ 13,900,000 $ 180,519 $ 94,000
Cumberland, Pennsylvania 65 $ 10,836,000 $ 166,707 $ 76,000
Gloucester, New Jersey 56 $ 10,585,000 $ 189,017 $ 95,000
Centre, Pennsylvania 52 $ 9,660,000 $ 185,769 $ 74,000
York, Pennsylvania 41 $ 6,311,000 $ 153,926 $ 76,000
Dauphin, Pennsylvania 40 $ 5,631,000 $ 140,775 $ 67,000
Adams, Pennsylvania 38 $ 5,827,000 $ 153,342 $ 65,000
Ocean, New Jersey 33 $ 7,301,000 $ 221,242 $ 100,000
Mercer, New Jersey 18 $ 4,329,000 $ 240,500 $ 107,000
Lehigh, Pennsylvania 18 $ 3,731,000 $ 207,277 $ 80,000
Franklin, Pennsylvania 17 $ 2,759,000 $ 162,294 $ 63,000
Cecil, Maryland 16 $ 3,674,000 $ 229,625 $ 74,000
Monmouth, New Jersey 16 $ 5,681,000 $ 355,062 $ 139,000
Cumberland, New Jersey 15 $ 2,325,000 $ 155,000 $ 66,000
Wicomico, Maryland 13 $ 2,134,000 $ 164,153 $ 61,000
Middlesex, New Jersey 13 $ 3,360,000 $ 258,461 $ 111,000
Worcester, Maryland 11 $ 2,133,000 $ 193,909 $ 111,000
Northampton, Pennsylvania 11 $ 2,742,000 $ 249,272 $ 94,000
Lebanon, Pennsylvania 10 $ 1,578,000 $ 157,800 $ 70,000
Perry, Pennsylvania 10 $ 1,245,000 $ 124,500 $ 50,000
Monroe, Pennsylvania 9 $ 1,197,000 $ 133,000 $ 57,000
Schuylkill, Pennsylvania 9 $ 1,017,000 $ 113,000 $ 37,000
Salem, New Jersey 8 $ 1,456,000 $ 182,000 $ 88,000
Allegheny, Pennsylvania 8 $ 1,800,000 $ 225,000 $ 101,000
Prince George's, Maryland 7 $ 1,709,000 $ 244,142 $ 70,000
Baltimore, Maryland 6 $ 1,307,000 $ 217,833 $ 34,000
Bergen, New Jersey 6 $ 1,700,000 $ 283,333 $ 117,000
Passaic, New Jersey 6 $ 1,869,000 $ 311,500 $ 135,000
Somerset, New Jersey 6 $ 1,322,000 $ 220,333 $ 119,000
Prince William, Virginia 6 $ 3,199,000 $ 533,166 $ 138,000
Harford, Maryland 5 $ 1,672,000 $ 334,400 $ 99,000
Morris, New Jersey 5 $ 1,427,000 $ 285,400 $ 150,000
Union, New Jersey 5 $ 787,000 $ 157,400 $ 77,000
Clearfield, Pennsylvania 5 $ 379,000 $ 75,800 $ 59,000
Virginia Beach, Virginia 5 $ 788,000 $ 157,600 $ 70,000
Miami-Dade, Florida 4 $ 684,000 $ 171,000 $ 98,000
Frederick, Maryland 4 $ 1,883,000 $ 470,750 $ 90,000
Howard, Maryland 4 $ 1,058,000 $ 264,500 $ 481,000
Hudson, New Jersey 4 $ 1,683,000 $ 420,750 $ 131,000
Queens, New York 4 $ 853,000 $ 213,250 $ 60,000
Wake, North Carolina 4 $ 507,000 $ 126,750 $ 99,000
Blair, Pennsylvania 4 $ 490,000 $ 122,500 $ 64,000
Clinton, Pennsylvania 4 $ 397,000 $ 99,250 $ 50,000
Columbia, Pennsylvania 4 $ 472,000 $ 118,000 $ 56,000
Wayne, Pennsylvania 4 $ 602,000 $ 150,500 $ 59,000
Fairfax, Virginia 4 $ 1,123,000 $ 280,750 $ 110,000
Maricopa, Arizona 3 $ 600,000 $ 200,000 $ 70,000
Pima, Arizona 3 $ 726,000 $ 242,000 $ 43,000
New London, Connecticut 3 $ 602,000 $ 200,666 $ 72,000
District of Columbia, District Of Columbia 3 $ 1,663,000 $ 554,333 $ 547,000
Collier, Florida 3 $ 536,000 $ 178,666 $ 109,000
Hernando, Florida 3 $ 270,000 $ 90,000 $ 41,000
Scott, Iowa 3 $ 722,000 $ 240,666 $ 80,000
Anne Arundel, Maryland 3 $ 861,000 $ 287,000 $ 80,000
Hunterdon, New Jersey 3 $ 1,168,000 $ 389,333 $ 209,000
Kings, New York 3 $ 1,321,000 $ 440,333 $ 159,000
Mifflin, Pennsylvania 3 $ 306,000 $ 102,000 $ 45,000
James City, Virginia 3 $ 642,000 $ 214,000 $ 103,000
Fairfield, Connecticut 2 $ 352,000 $ 176,000 $ 103,000
Broward, Florida 2 $ 346,000 $ 173,000 $ 47,000
St. Johns, Florida 2 $ 570,000 $ 285,000 $ 246,000
Jefferson, Kentucky 2 $ 771,000 $ 385,500 $ 111,000
Laurel, Kentucky 2 $ 234,000 $ 117,000 $ 19,000
Red River, Louisiana 2 $ 178,000 $ 89,000 $ 58,000
Caroline, Maryland 2 $ 165,000 $ 82,500 $ 51,000
Charles, Maryland 2 $ 512,000 $ 256,000 $ 74,000
Dorchester, Maryland 2 $ 342,000 $ 171,000 $ 48,000
Queen Anne's, Maryland 2 $ 937,000 $ 468,500 $ 185,000
Sussex, New Jersey 2 $ 300,000 $ 150,000 $ 49,000
Nassau, New York 2 $ 685,000 $ 342,500 $ 81,000
Westchester, New York 2 $ 595,000 $ 297,500 $ 117,000
Carteret, North Carolina 2 $ 550,000 $ 275,000 $ 121,000
Carbon, Pennsylvania 2 $ 201,000 $ 100,500 $ 70,000
Huntingdon, Pennsylvania 2 $ 349,000 $ 174,500 $ 100,000
Jefferson, Pennsylvania 2 $ 304,000 $ 152,000 $ 65,000
Montour, Pennsylvania 2 $ 538,000 $ 269,000 $ 127,000
Pike, Pennsylvania 2 $ 180,000 $ 90,000 $ 44,000
Westmoreland, Pennsylvania 2 $ 322,000 $ 161,000 $ 85,000
Chesapeake, Virginia 2 $ 633,000 $ 316,500 $ 60,000
Chesterfield, Virginia 2 $ 321,000 $ 160,500 $ 33,000
Hampton, Virginia 2 $ 472,000 $ 236,000 $ 100,000
Loudoun, Virginia 2 $ 912,000 $ 456,000 $ 167,000
Norfolk, Virginia 2 $ 321,000 $ 160,500 $ 37,000
Stafford, Virginia 2 $ 666,000 $ 333,000 $ 86,000
York, Virginia 2 $ 624,000 $ 312,000 $ 155,000
Coconino, Arizona 1 $ 356,000 $ 356,000 $ 54,000
Calaveras, California 1 $ 227,000 $ 227,000 $ 47,000
Contra Costa, California 1 $ 250,000 $ 250,000 $ 63,000
San Benito, California 1 $ 403,000 $ 403,000 $ 142,000
San Diego, California 1 $ 335,000 $ 335,000 $ 62,000
Santa Clara, California 1 $ 296,000 $ 296,000 $ 114,000
Jefferson, Colorado 1 $ 321,000 $ 321,000 $ 0
Hartford, Connecticut 1 $ 249,000 $ 249,000 $ 160,000
New Haven, Connecticut 1 $ 73,000 $ 73,000 $ 59,000
Charlotte, Florida 1 $ 166,000 $ 166,000 $ 129,000
Indian River, Florida 1 $ 152,000 $ 152,000 $ 207,000
Lee, Florida 1 $ 92,000 $ 92,000 $ 43,000
Nassau, Florida 1 $ 109,000 $ 109,000 $ 72,000
Palm Beach, Florida 1 $ 200,000 $ 200,000 $ 167,000
Pinellas, Florida 1 $ 377,000 $ 377,000 $ 110,000
Sumter, Florida 1 $ 182,000 $ 182,000 $ 177,000
Gwinnett, Georgia 1 $ 303,000 $ 303,000 $ 87,000
Rockdale, Georgia 1 $ 293,000 $ 293,000 $ 0
Blaine, Idaho 1 $ 102,000 $ 102,000 $ 69,000
Clearwater, Idaho 1 $ 368,000 $ 368,000 $ 0
Lake, Illinois 1 $ 135,000 $ 135,000 $ 98,000
Marion, Indiana 1 $ 113,000 $ 113,000 $ 0
Putnam, Indiana 1 $ 235,000 $ 235,000 $ 64,000
Finney, Kansas 1 $ 276,000 $ 276,000 $ 118,000
Johnson, Kansas 1 $ 208,000 $ 208,000 $ 43,000
Neosho, Kansas 1 $ 80,000 $ 80,000 $ 0
Sedgwick, Kansas 1 $ 145,000 $ 145,000 $ 48,000
Bullitt, Kentucky 1 $ 86,000 $ 86,000 $ 45,000
Whitley, Kentucky 1 $ 110,000 $ 110,000 $ 101,000
Ascension, Louisiana 1 $ 247,000 $ 247,000 $ 78,000
Jefferson, Louisiana 1 $ 191,000 $ 191,000 $ 59,000
St. Martin, Louisiana 1 $ 360,000 $ 360,000 $ 325,000
St. Tammany, Louisiana 1 $ 179,000 $ 179,000 $ 85,000
Lincoln, Maine 1 $ 68,000 $ 68,000 $ 87,000
Baltimore City, Maryland 1 $ 252,000 $ 252,000 $ 100,000
Carroll, Maryland 1 $ 333,000 $ 333,000 $ 141,000
Kent, Maryland 1 $ 183,000 $ 183,000 $ 35,000
Montgomery, Maryland 1 $ 295,000 $ 295,000 $ 228,000
Talbot, Maryland 1 $ 250,000 $ 250,000 $ 205,000
Barnstable, Massachusetts 1 $ 157,000 $ 157,000 $ 76,000
Bristol, Massachusetts 1 $ 160,000 $ 160,000 $ 140,000
Middlesex, Massachusetts 1 $ 412,000 $ 412,000 $ 114,000
Worcester, Massachusetts 1 $ 322,000 $ 322,000 $ 0
Kalamazoo, Michigan 1 $ 175,000 $ 175,000 $ 95,000
Macomb, Michigan 1 $ 170,000 $ 170,000 $ 64,000
Roscommon, Michigan 1 $ 80,000 $ 80,000 $ 28,000
Saginaw, Michigan 1 $ 165,000 $ 165,000 $ 69,000
St. Joseph, Michigan 1 $ 65,000 $ 65,000 $ 26,000
Coahoma, Mississippi 1 $ 150,000 $ 150,000 $ 106,000
DeSoto, Mississippi 1 $ 124,000 $ 124,000 $ 76,000
Hancock, Mississippi 1 $ 151,000 $ 151,000 $ 46,000
Rockingham, New Hampshire 1 $ 336,000 $ 336,000 $ 132,000
Essex, New Jersey 1 $ 203,000 $ 203,000 $ 51,000
Taos, New Mexico 1 $ 315,000 $ 315,000 $ 0
Bronx, New York 1 $ 282,000 $ 282,000 $ 105,000
Monroe, New York 1 $ 332,000 $ 332,000 $ 165,000
Niagara, New York 1 $ 405,000 $ 405,000 $ 358,000
Rockland, New York 1 $ 352,000 $ 352,000 $ 75,000
Suffolk, New York 1 $ 329,000 $ 329,000 $ 88,000
Tioga, New York 1 $ 198,000 $ 198,000 $ 99,000
Alamance, North Carolina 1 $ 135,000 $ 135,000 $ 42,000
Dare, North Carolina 1 $ 212,000 $ 212,000 $ 85,000
Davidson, North Carolina 1 $ 281,000 $ 281,000 $ 0
Guilford, North Carolina 1 $ 200,000 $ 200,000 $ 49,000
Pender, North Carolina 1 $ 162,000 $ 162,000 $ 135,000
Pitt, North Carolina 1 $ 195,000 $ 195,000 $ 0
Licking, Ohio 1 $ 74,000 $ 74,000 $ 84,000
Beaver, Pennsylvania 1 $ 142,000 $ 142,000 $ 31,000
Butler, Pennsylvania 1 $ 119,000 $ 119,000 $ 41,000
Erie, Pennsylvania 1 $ 127,000 $ 127,000 $ 41,000
Greene, Pennsylvania 1 $ 196,000 $ 196,000 $ 74,000
Juniata, Pennsylvania 1 $ 99,000 $ 99,000 $ 32,000
Lackawanna, Pennsylvania 1 $ 63,000 $ 63,000 $ 36,000
Luzerne, Pennsylvania 1 $ 271,000 $ 271,000 $ 107,000
Northumberland, Pennsylvania 1 $ 184,000 $ 184,000 $ 69,000
Somerset, Pennsylvania 1 $ 151,000 $ 151,000 $ 77,000
Tioga, Pennsylvania 1 $ 161,000 $ 161,000 $ 240,000
Union, Pennsylvania 1 $ 190,000 $ 190,000 $ 52,000
Washington, Pennsylvania 1 $ 236,000 $ 236,000 $ 123,000
Charleston, South Carolina 1 $ 410,000 $ 410,000 $ 189,000
York, South Carolina 1 $ 291,000 $ 291,000 $ 113,000
Minnehaha, South Dakota 1 $ 126,000 $ 126,000 $ 50,000
Blount, Tennessee 1 $ 178,000 $ 178,000 $ 67,000
Greene, Tennessee 1 $ 300,000 $ 300,000 $ 77,000
Knox, Tennessee 1 $ 187,000 $ 187,000 $ 43,000
Montgomery, Tennessee 1 $ 326,000 $ 326,000 $ 86,000
Rutherford, Tennessee 1 $ 169,000 $ 169,000 $ 70,000
Shelby, Tennessee 1 $ 148,000 $ 148,000 $ 0
Sumner, Tennessee 1 $ 124,000 $ 124,000 $ 40,000
Wayne, Tennessee 1 $ 171,000 $ 171,000 $ 79,000
Bexar, Texas 1 $ 331,000 $ 331,000 $ 111,000
Alexandria, Virginia 1 $ 427,000 $ 427,000 $ 306,000
Caroline, Virginia 1 $ 117,000 $ 117,000 $ 39,000
Fauquier, Virginia 1 $ 158,000 $ 158,000 $ 196,000
Franklin, Virginia 1 $ 129,000 $ 129,000 $ 33,000
Gloucester, Virginia 1 $ 170,000 $ 170,000 $ 56,000
King George, Virginia 1 $ 133,000 $ 133,000 $ 50,000
Lancaster, Virginia 1 $ 129,000 $ 129,000 $ 43,000
Martinsville, Virginia 1 $ 129,000 $ 129,000 $ 109,000
Page, Virginia 1 $ 105,000 $ 105,000 $ 27,000
Prince George, Virginia 1 $ 171,000 $ 171,000 $ 69,000
Spotsylvania, Virginia 1 $ 298,000 $ 298,000 $ 37,000
Berkeley, West Virginia 1 $ 190,000 $ 190,000 $ 55,000
Kanawha, West Virginia 1 $ 363,000 $ 363,000 $ 127,000

Mortgage Loan Application Detail Totals for Meridian Bank 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 2,823 $557,845,000 $197,000 $7,900,000 $83,000 $1,000,000
Refinancing 757 $168,478,000 $222,000 $1,450,000 $102,000 $845,000
Home Improvement 56 $11,385,000 $203,000 $950,000 $65,000 $335,000

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 2,600 $533,542,000 $205,000 $1,000,000 $95,000 $1,000,000
Black or African American 474 $77,857,000 $164,000 $580,000 $58,000 $376,000
Hispanic 240 $37,712,000 $157,000 $482,000 $57,000 $260,000
Asian 118 $27,381,000 $232,000 $770,000 $112,000 $845,000
Not Provided 114 $24,789,000 $217,000 $753,000 $97,000 $660,000
Not applicable 79 $34,772,000 $440,000 $7,900,000 $0 $0
Native Hawaiian or Other Pacific Islander 9 $1,311,000 $145,000 $269,000 $81,000 $197,000
American Indian or Alaskan Native 2 $344,000 $172,000 $204,000 $58,000 $65,000

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) 1,911 $434,364,000 $227,000 $7,900,000 $110,000 $1,000,000
FHA-insured (Federal Housing Administration) 1,096 $178,945,000 $163,000 $625,000 $58,000 $498,000
VA-guaranteed (Veterans Administration) 346 $78,381,000 $226,000 $856,000 $72,000 $384,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 283 $46,018,000 $162,000 $388,000 $53,000 $98,000

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 2,804 $556,731,000 $198,000 $2,440,000 $85,000 $814,000
Application Denied By Financial Institution 408 $87,516,000 $214,000 $905,000 $98,000 $1,000,000
Application Withdrawn By Applicant 250 $57,864,000 $231,000 $7,900,000 $88,000 $640,000
File Closed For Incompleteness 152 $30,509,000 $200,000 $790,000 $87,000 $573,000
Application Approved But Not Accepted 17 $3,615,000 $212,000 $600,000 $84,000 $226,000
Loan Purchased By The Institution 5 $1,473,000 $294,000 $412,000 $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 Meridian Bank'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 Meridian 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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