Meridian Bank Mortgage Lending & HMDA Data, 2023
In 2023, Meridian Bank of Malvern, PA reported 3,208 mortgage applications totaling $1.0 billion, down 25% from 2022. The average application was for $320,841, and applicants reported an average income of $134,234. 80% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (940), Wilmington, DE-MD-NJ (419) and Philadelphia, PA (350) (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 |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 3,208 |
| Total Mortgage Loan Application Amount | $1,029,260,000 |
| Average Mortgage Loan Application Amount | $320,841 |
| Highest Mortgage Loan Application Amount | $21,005,000 |
| Average Applicant Income | $134,234 |
| Highest Applicant Income | $6,137,000 |
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Act (HMDA) records Meridian Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Baltimore-Columbia-Towson, MD | 940 | $ 271,570,000 | $ 288,904 | $ 121,000 |
| Wilmington, DE-MD-NJ | 419 | $ 112,725,000 | $ 269,033 | $ 97,804 |
| Philadelphia, PA | 350 | $ 136,120,000 | $ 388,914 | $ 147,000 |
| Montgomery County-Bucks County-Chester County, PA | 273 | $ 91,075,000 | $ 333,608 | $ 191,000 |
| Salisbury, MD-DE | 232 | $ 63,860,000 | $ 275,258 | $ 120,034 |
| Dover, DE | 126 | $ 35,620,000 | $ 282,698 | $ 94,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 105 | $ 41,085,000 | $ 391,285 | $ 159,257 |
| Camden, NJ | 85 | $ 19,335,000 | $ 227,470 | $ 157,000 |
| Lancaster, PA | 62 | $ 15,830,000 | $ 255,322 | $ 114,000 |
| Washington-Baltimore-Arlington, DC | 62 | $ 25,560,000 | $ 412,258 | $ 180,000 |
| Outside any metro area | 59 | $ 16,925,000 | $ 286,864 | $ 115,338 |
| York-Hanover, PA | 49 | $ 11,585,000 | $ 236,428 | $ 94,000 |
| Atlantic City-Hammonton, NJ | 38 | $ 10,640,000 | $ 280,000 | $ 121,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 23 | $ 15,915,000 | $ 691,956 | $ 151,608 |
| Hagerstown-Martinsburg, MD-WV | 22 | $ 5,630,000 | $ 255,909 | $ 101,545 |
| Ocean City, NJ | 22 | $ 13,740,000 | $ 624,545 | $ 441,000 |
| Reading, PA | 21 | $ 5,405,000 | $ 257,380 | $ 115,000 |
| New York-Newark, NY | 20 | $ 6,030,000 | $ 301,500 | $ 211,800 |
| Harrisburg-Carlisle, PA | 14 | $ 3,820,000 | $ 272,857 | $ 116,000 |
| California-Lexington Park, MD | 11 | $ 4,375,000 | $ 397,727 | $ 124,000 |
| Newark, NJ-PA | 11 | $ 2,875,000 | $ 261,363 | $ 291,000 |
| Tampa-St. Petersburg-Clearwater, FL | 11 | $ 24,135,000 | $ 2,194,090 | $ 174,000 |
| Trenton, NJ | 10 | $ 2,010,000 | $ 201,000 | $ 101,000 |
| Atlanta-Sandy Springs-Roswell, GA | 9 | $ 3,015,000 | $ 335,000 | $ 107,000 |
| New York-Jersey City-White Plains, NY-NJ | 9 | $ 2,925,000 | $ 325,000 | $ 169,222 |
| Richmond, VA | 9 | $ 2,225,000 | $ 247,222 | $ 130,000 |
| Chambersburg-Waynesboro, PA | 8 | $ 1,670,000 | $ 208,750 | $ 82,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 2,255,000 | $ 322,142 | $ 160,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 3,935,000 | $ 562,142 | $ 342,000 |
| East Stroudsburg, PA | 6 | $ 1,460,000 | $ 243,333 | $ 149,000 |
| Miami-Miami Beach-Kendall, FL | 6 | $ 2,120,000 | $ 353,333 | $ 279,000 |
| Naples-Immokalee-Marco Island, FL | 6 | $ 3,770,000 | $ 628,333 | $ 297,000 |
| Bloomsburg-Berwick, PA | 5 | $ 885,000 | $ 177,000 | $ 97,000 |
| Chicago-Naperville, IL | 5 | $ 2,865,000 | $ 573,000 | $ 247,000 |
| Columbia, SC | 5 | $ 1,965,000 | $ 393,000 | $ 190,000 |
| Dayton-Springfield-Kettering, OH | 5 | $ 1,485,000 | $ 297,000 | $ 149,000 |
| Louisville/Jefferson County, KY-IN | 5 | $ 1,175,000 | $ 235,000 | $ 62,400 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 5 | $ 1,375,000 | $ 275,000 | $ 110,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 975,000 | $ 195,000 | $ 131,000 |
| Pittsburgh, PA | 5 | $ 1,455,000 | $ 291,000 | $ 98,000 |
| Vineland-Bridgeton, NJ | 5 | $ 1,005,000 | $ 201,000 | $ 66,000 |
| Charleston-North Charleston, SC | 4 | $ 1,310,000 | $ 327,500 | $ 115,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,510,000 | $ 377,500 | $ 131,000 |
| Nassau County-Suffolk County, NY | 4 | $ 1,750,000 | $ 437,500 | $ 223,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 13,150,000 | $ 3,287,500 | $ 131,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 1,225,000 | $ 408,333 | $ 142,000 |
| El Paso, TX | 3 | $ 585,000 | $ 195,000 | $ 151,000 |
| Fayetteville, NC | 3 | $ 775,000 | $ 258,333 | $ 72,000 |
| Greenville-Anderson-Mauldin, SC | 3 | $ 1,295,000 | $ 431,666 | $ 182,000 |
| Indianapolis-Carmel-Anderson, IN | 3 | $ 1,965,000 | $ 655,000 | $ 228,000 |
| Lakeland-Winter Haven, FL | 3 | $ 1,315,000 | $ 438,333 | $ 157,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 1,505,000 | $ 501,666 | $ 194,000 |
| Oklahoma City, OK | 3 | $ 1,135,000 | $ 378,333 | $ 93,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 1,295,000 | $ 431,666 | $ 90,000 |
| Raleigh, NC | 3 | $ 855,000 | $ 285,000 | $ 85,000 |
| Rocky Mount, NC | 3 | $ 835,000 | $ 278,333 | $ 121,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 2,505,000 | $ 835,000 | $ 107,000 |
| Tucson, AZ | 3 | $ 865,000 | $ 288,333 | $ 226,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 805,000 | $ 268,333 | $ 272,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 360,000 | $ 180,000 | $ 72,000 |
| Columbus, GA-AL | 2 | $ 160,000 | $ 80,000 | $ 159,000 |
| Cumberland, MD-WV | 2 | $ 130,000 | $ 65,000 | $ 266,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 640,000 | $ 320,000 | $ 189,000 |
| Jacksonville, FL | 2 | $ 970,000 | $ 485,000 | $ 152,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 580,000 | $ 290,000 | $ 104,000 |
| Port St. Lucie, FL | 2 | $ 750,000 | $ 375,000 | $ 206,000 |
| Salt Lake City, UT | 2 | $ 1,410,000 | $ 705,000 | $ 179,000 |
| San Antonio-New Braunfels, TX | 2 | $ 880,000 | $ 440,000 | $ 201,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 430,000 | $ 215,000 | $ 70,000 |
| Winchester, VA-WV | 2 | $ 470,000 | $ 235,000 | $ 366,000 |
| Winston-Salem, NC | 2 | $ 520,000 | $ 260,000 | $ 126,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 250,000 | $ 125,000 | $ 79,000 |
| Albuquerque, NM | 1 | $ 125,000 | $ 125,000 | $ 172,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 485,000 | $ 485,000 | $ 156,000 |
| Beaumont-Port Arthur, TX | 1 | $ 265,000 | $ 265,000 | $ 129,000 |
| Bend-Redmond, OR | 1 | $ 435,000 | $ 435,000 | $ 74,000 |
| Binghamton, NY | 1 | $ 135,000 | $ 135,000 | $ 98,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 455,000 | $ 455,000 | $ 155,000 |
| Boston, MA | 1 | $ 235,000 | $ 235,000 | $ 132,000 |
| Bremerton-Silverdale, WA | 1 | $ 425,000 | $ 425,000 | $ 95,000 |
| Brownsville-Harlingen, TX | 1 | $ 655,000 | $ 655,000 | $ 87,000 |
| Cedar Rapids, IA | 1 | $ 265,000 | $ 265,000 | $ 77,000 |
| Charlottesville, VA | 1 | $ 425,000 | $ 425,000 | $ 205,000 |
| Cincinnati, OH-KY-IN | 1 | $ 425,000 | $ 425,000 | $ 166,000 |
| Clarksville, TN-KY | 1 | $ 325,000 | $ 325,000 | $ 94,000 |
| Cleveland-Elyria, OH | 1 | $ 165,000 | $ 165,000 | $ 128,000 |
| Columbus, OH | 1 | $ 455,000 | $ 455,000 | $ 202,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 305,000 | $ 305,000 | $ 109,000 |
| Des Moines-West Des Moines, IA | 1 | $ 185,000 | $ 185,000 | $ 102,000 |
| Evansville, IN-KY | 1 | $ 205,000 | $ 205,000 | $ 65,000 |
| Fairbanks, AK | 1 | $ 45,000 | $ 45,000 | $ 208,000 |
| Gettysburg, PA | 1 | $ 165,000 | $ 165,000 | $ 112,000 |
| Great Falls, MT | 1 | $ 365,000 | $ 365,000 | $ 104,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 695,000 | $ 695,000 | $ 185,000 |
| Homosassa Springs, FL | 1 | $ 335,000 | $ 335,000 | $ 127,000 |
| Huntsville, AL | 1 | $ 285,000 | $ 285,000 | $ 97,000 |
| Jackson, MS | 1 | $ 275,000 | $ 275,000 | $ 61,000 |
| Jacksonville, NC | 1 | $ 145,000 | $ 145,000 | $ 39,000 |
| Kankakee, IL | 1 | $ 325,000 | $ 325,000 | $ 103,000 |
| Kansas City, MO-KS | 1 | $ 275,000 | $ 275,000 | $ 101,000 |
| Knoxville, TN | 1 | $ 425,000 | $ 425,000 | $ 381,000 |
| Lawrence, KS | 1 | $ 375,000 | $ 375,000 | $ 72,000 |
| Lawton, OK | 1 | $ 115,000 | $ 115,000 | $ 55,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 135,000 | $ 135,000 | $ 158,000 |
| Madison, WI | 1 | $ 305,000 | $ 305,000 | $ 124,000 |
| Ocala, FL | 1 | $ 155,000 | $ 155,000 | $ 43,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 565,000 | $ 565,000 | $ 139,000 |
| Panama City, FL | 1 | $ 455,000 | $ 455,000 | $ 121,000 |
| Pittsfield, MA | 1 | $ 285,000 | $ 285,000 | $ 380,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 245,000 | $ 245,000 | $ 118,000 |
| Punta Gorda, FL | 1 | $ 295,000 | $ 295,000 | $ 85,000 |
| Roanoke, VA | 1 | $ 75,000 | $ 75,000 | $ 82,000 |
| Rochester, NY | 1 | $ 345,000 | $ 345,000 | $ 107,000 |
| Rome, GA | 1 | $ 285,000 | $ 285,000 | $ 67,000 |
| Santa Fe, NM | 1 | $ 355,000 | $ 355,000 | $ 325,000 |
| St. Louis, MO-IL | 1 | $ 195,000 | $ 195,000 | $ 456,000 |
| State College, PA | 1 | $ 385,000 | $ 385,000 | $ 208,000 |
| Vallejo-Fairfield, CA | 1 | $ 665,000 | $ 665,000 | $ 294,000 |
| Wilmington, NC | 1 | $ 65,000 | $ 65,000 | $ 153,000 |
Mortgage Loan Application Detail Totals for Meridian Bank in 2023
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 | 2,653 | $897,335,000 | $338,000 | $21,005,000 | $123,000 | $1,015,000 |
| Other Purpose | 198 | $28,490,000 | $143,000 | $905,000 | $174,000 | $2,149,000 |
| Home Improvement | 190 | $40,150,000 | $211,000 | $6,005,000 | $239,000 | $6,137,000 |
| Cash-out Refinancing | 103 | $29,535,000 | $286,000 | $1,205,000 | $141,000 | $1,220,000 |
| Refinancing | 64 | $33,750,000 | $527,000 | $8,005,000 | $155,000 | $701,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,686 | $494,760,000 | $293,000 | $3,185,000 | $149,000 | $6,137,000 |
| Black or African American | 719 | $195,895,000 | $272,000 | $1,185,000 | $98,000 | $640,000 |
| Not Provided | 312 | $100,230,000 | $321,000 | $1,215,000 | $153,000 | $2,158,000 |
| Hispanic | 232 | $59,470,000 | $256,000 | $645,000 | $90,000 | $451,000 |
| Asian | 158 | $54,140,000 | $342,000 | $2,005,000 | $154,000 | $611,000 |
| Not applicable | 91 | $122,585,000 | $1,347,000 | $21,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 8 | $1,930,000 | $241,000 | $495,000 | $118,000 | $160,000 |
| 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) | 2,149 | $712,885,000 | $331,000 | $21,005,000 | $153,000 | $6,137,000 |
| FHA-insured (Federal Housing Administration) | 804 | $220,740,000 | $274,000 | $1,055,000 | $87,000 | $451,000 |
| VA-guaranteed (Veterans Administration) | 210 | $85,100,000 | $405,000 | $2,005,000 | $133,000 | $451,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 45 | $10,535,000 | $234,000 | $385,000 | $79,000 | $120,000 |
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 | 2,557 | $787,925,000 | $308,000 | $12,335,000 | $135,000 | $6,137,000 |
| Application Withdrawn By Applicant | 484 | $190,180,000 | $392,000 | $21,005,000 | $132,000 | $732,000 |
| Application Denied By Financial Institution | 108 | $27,410,000 | $253,000 | $1,005,000 | $101,000 | $301,000 |
| File Closed For Incompleteness | 43 | $13,805,000 | $321,000 | $1,805,000 | $141,000 | $881,000 |
| Application Approved But Not Accepted | 16 | $9,940,000 | $621,000 | $2,005,000 | $169,000 | $324,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,100 | $1,001,850,000 | $323,000 | $21,005,000 | $135,000 | $6,137,000 |
| Debt-To-Income Ratio | 34 | $9,230,000 | $271,000 | $945,000 | $94,000 | $301,000 |
| Collateral | 23 | $5,095,000 | $221,000 | $445,000 | $106,000 | $287,000 |
| Credit History | 22 | $5,330,000 | $242,000 | $1,005,000 | $126,000 | $293,000 |
| Other | 12 | $3,120,000 | $260,000 | $585,000 | $102,000 | $156,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $3,140,000 | $261,000 | $445,000 | $88,000 | $168,000 |
| Employment History | 3 | $955,000 | $318,000 | $505,000 | $51,000 | $91,000 |
| Credit Application Incomplete | 2 | $540,000 | $270,000 | $305,000 | $60,000 | $65,000 |
| Mortgage Insurance Denied | 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 2023 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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