Presidential Bank, F.S.B. Mortgage Lending & HMDA Data, 2010
In 2010, Presidential Bank, F.S.B. of Bethesda, MD reported 6,140 mortgage applications totaling $1.6 billion, up 144% from 2009. The average application was for $257,131, and applicants reported an average income of $106,898. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (1,601), Bethesda-Rockville-Frederick, MD (1,317) and Baltimore-Towson, MD (739) (applications in parentheses).
| Mortgage Company & Address | Presidential Bank, F.S.B. 4600 East-West Highway, Suite 400 Bethesda, MD 20814 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,140 |
| Total Mortgage Loan Application Amount | $1,578,786,000 |
| Average Mortgage Loan Application Amount | $257,131 |
| Highest Mortgage Loan Application Amount | $1,056,000 |
| Average Applicant Income | $106,898 |
| Highest Applicant Income | $2,679,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Presidential Bank, F.S.B. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1,601 | $ 506,451,000 | $ 316,334 | $ 123,103 |
| Bethesda-Rockville-Frederick, MD | 1,317 | $ 367,932,000 | $ 279,371 | $ 115,000 |
| Baltimore-Towson, MD | 739 | $ 204,615,000 | $ 276,880 | $ 110,000 |
| Richmond, VA | 501 | $ 88,215,000 | $ 176,077 | $ 75,000 |
| Philadelphia, PA | 454 | $ 96,607,000 | $ 212,790 | $ 91,000 |
| Lancaster, PA | 236 | $ 38,655,000 | $ 163,792 | $ 70,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 193 | $ 36,844,000 | $ 190,901 | $ 84,880 |
| Charlottesville, VA | 126 | $ 33,262,000 | $ 263,984 | $ 111,000 |
| Hagerstown-Martinsburg, MD-WV | 106 | $ 19,298,000 | $ 182,056 | $ 69,000 |
| Edison-New Brunswick, NJ | 78 | $ 21,724,000 | $ 278,512 | $ 121,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 50 | $ 13,124,000 | $ 262,480 | $ 135,560 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 48 | $ 10,127,000 | $ 210,979 | $ 91,000 |
| Reading, PA | 38 | $ 6,500,000 | $ 171,052 | $ 72,000 |
| Newark-Union, NJ-PA | 22 | $ 5,413,000 | $ 246,045 | $ 142,500 |
| York-Hanover, PA | 22 | $ 3,460,000 | $ 157,272 | $ 68,000 |
| Raleigh-Cary, NC | 15 | $ 3,437,000 | $ 229,133 | $ 98,000 |
| Winchester, VA-WV | 13 | $ 2,019,000 | $ 155,307 | $ 109,846 |
| Scranton--Wilkes-Barre, PA | 12 | $ 1,441,000 | $ 120,083 | $ 82,000 |
| Camden, NJ | 11 | $ 1,795,000 | $ 163,181 | $ 65,000 |
| Harrisburg-Carlisle, PA | 11 | $ 1,806,000 | $ 164,181 | $ 164,000 |
| Charleston-North Charleston-Summerville, SC | 10 | $ 2,084,000 | $ 208,400 | $ 79,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 7 | $ 1,105,000 | $ 157,857 | $ 61,000 |
| Wilmington, DE-MD-NJ | 7 | $ 1,680,000 | $ 240,000 | $ 89,142 |
| Lebanon, PA | 6 | $ 1,027,000 | $ 171,166 | $ 63,000 |
| Wilmington, NC | 6 | $ 1,670,000 | $ 278,333 | $ 191,000 |
| Greensboro-High Point, NC | 4 | $ 1,099,000 | $ 274,750 | $ 197,000 |
| Greenville-Mauldin-Easley, SC | 4 | $ 1,159,000 | $ 289,750 | $ 122,000 |
| Harrisonburg, VA | 4 | $ 563,000 | $ 140,750 | $ 172,000 |
| Lynchburg, VA | 4 | $ 871,000 | $ 217,750 | $ 84,000 |
| Pittsburgh, PA | 4 | $ 768,000 | $ 192,000 | $ 143,000 |
| Salisbury, MD | 4 | $ 738,000 | $ 184,500 | $ 66,000 |
| Trenton-Ewing, NJ | 4 | $ 1,089,000 | $ 272,250 | $ 121,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 1,101,000 | $ 275,250 | $ 177,000 |
| Asheville, NC | 3 | $ 476,000 | $ 158,666 | $ 50,000 |
| Cambridge-Newton-Framingham, MA | 3 | $ 872,000 | $ 290,666 | $ 96,000 |
| Fayetteville, NC | 3 | $ 652,000 | $ 217,333 | $ 52,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 457,000 | $ 228,500 | $ 185,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 1,017,000 | $ 508,500 | $ 357,000 |
| Columbia, SC | 2 | $ 481,000 | $ 240,500 | $ 77,000 |
| Dover, DE | 2 | $ 294,000 | $ 147,000 | $ 62,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 556,000 | $ 278,000 | $ 171,000 |
| Jacksonville, NC | 2 | $ 425,000 | $ 212,500 | $ 0 |
| New Haven-Milford, CT | 2 | $ 597,000 | $ 298,500 | $ 128,000 |
| New Orleans-Metairie-Kenner, LA | 2 | $ 561,000 | $ 280,500 | $ 181,000 |
| New York-White Plains-Wayne, NY-NJ | 2 | $ 435,000 | $ 217,500 | $ 129,000 |
| Ocean City, NJ | 2 | $ 410,000 | $ 205,000 | $ 69,000 |
| Ogden-Clearfield, UT | 2 | $ 356,000 | $ 178,000 | $ 0 |
| Olympia, WA | 2 | $ 502,000 | $ 251,000 | $ 43,000 |
| Roanoke, VA | 2 | $ 397,000 | $ 198,500 | $ 95,000 |
| St. Louis, MO-IL | 2 | $ 420,000 | $ 210,000 | $ 123,000 |
| State College, PA | 2 | $ 381,000 | $ 190,500 | $ 14,000 |
| Williamsport, PA | 2 | $ 165,000 | $ 82,500 | $ 88,000 |
| Athens-Clarke County, GA | 1 | $ 269,000 | $ 269,000 | $ 35,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 200,000 | $ 200,000 | $ 1,053,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 193,000 | $ 193,000 | $ 94,000 |
| Barnstable Town, MA | 1 | $ 292,000 | $ 292,000 | $ 210,000 |
| Bloomington, IN | 1 | $ 417,000 | $ 417,000 | $ 283,000 |
| Boise City-Nampa, ID | 1 | $ 230,000 | $ 230,000 | $ 0 |
| Boulder, CO | 1 | $ 254,000 | $ 254,000 | $ 315,000 |
| Brunswick, GA | 1 | $ 130,000 | $ 130,000 | $ 58,000 |
| Burlington, NC | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 123,000 | $ 123,000 | $ 89,000 |
| Cedar Rapids, IA | 1 | $ 186,000 | $ 186,000 | $ 0 |
| Chicago-Joliet-Naperville, IL | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 181,000 | $ 181,000 | $ 74,000 |
| Clarksville, TN-KY | 1 | $ 55,000 | $ 55,000 | $ 82,000 |
| Columbus, OH | 1 | $ 197,000 | $ 197,000 | $ 116,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 93,000 | $ 93,000 | $ 140,000 |
| Cumberland, MD-WV | 1 | $ 73,000 | $ 73,000 | $ 37,000 |
| Dayton, OH | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Durham-Chapel Hill, NC | 1 | $ 123,000 | $ 123,000 | $ 61,000 |
| Eugene-Springfield, OR | 1 | $ 94,000 | $ 94,000 | $ 53,000 |
| Fort Collins-Loveland, CO | 1 | $ 181,000 | $ 181,000 | $ 315,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 260,000 | $ 260,000 | $ 274,000 |
| Honolulu, HI | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 208,000 | $ 208,000 | $ 165,000 |
| Indianapolis-Carmel, IN | 1 | $ 112,000 | $ 112,000 | $ 84,000 |
| Jacksonville, FL | 1 | $ 75,000 | $ 75,000 | $ 57,000 |
| Johnstown, PA | 1 | $ 189,000 | $ 189,000 | $ 55,000 |
| Knoxville, TN | 1 | $ 147,000 | $ 147,000 | $ 129,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 195,000 | $ 195,000 | $ 84,000 |
| Manchester-Nashua, NH | 1 | $ 153,000 | $ 153,000 | $ 122,000 |
| Memphis, TN-MS-AR | 1 | $ 223,000 | $ 223,000 | $ 0 |
| Morristown, TN | 1 | $ 186,000 | $ 186,000 | $ 99,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 310,000 | $ 310,000 | $ 155,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 272,000 | $ 272,000 | $ 208,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 738,000 | $ 738,000 | $ 196,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 403,000 | $ 403,000 | $ 96,000 |
| Phoenix-Mesa-Glendale, AZ | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 250,000 | $ 250,000 | $ 60,000 |
| Salt Lake City, UT | 1 | $ 185,000 | $ 185,000 | $ 112,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 236,000 | $ 236,000 | $ 144,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 212,000 | $ 212,000 | $ 0 |
| Spartanburg, SC | 1 | $ 222,000 | $ 222,000 | $ 67,000 |
| Springfield, MA | 1 | $ 219,000 | $ 219,000 | $ 100,000 |
| Sumter, SC | 1 | $ 260,000 | $ 260,000 | $ 0 |
| Tacoma, WA | 1 | $ 260,000 | $ 260,000 | $ 76,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 332,000 | $ 332,000 | $ 93,000 |
| Tucson, AZ | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 120,000 | $ 120,000 | $ 145,000 |
| Worcester, MA | 1 | $ 266,000 | $ 266,000 | $ 71,000 |
| Yuma, AZ | 1 | $ 207,000 | $ 207,000 | $ 0 |
Mortgage Loan Application Detail Totals for Presidential Bank, F.S.B. 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 | 3,083 | $735,922,000 | $238,000 | $1,056,000 | $93,000 | $1,116,000 |
| Refinancing | 2,927 | $809,914,000 | $276,000 | $1,000,000 | $121,000 | $2,679,000 |
| Home Improvement | 130 | $32,950,000 | $253,000 | $715,000 | $119,000 | $517,000 |
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 | 4,894 | $1,253,244,000 | $256,000 | $1,000,000 | $109,000 | $2,679,000 |
| Black or African American | 416 | $97,734,000 | $234,000 | $845,000 | $74,000 | $356,000 |
| Not Provided | 308 | $86,065,000 | $279,000 | $1,056,000 | $107,000 | $590,000 |
| Asian | 293 | $86,711,000 | $295,000 | $747,000 | $128,000 | $499,000 |
| Hispanic | 201 | $46,479,000 | $231,000 | $744,000 | $80,000 | $626,000 |
| American Indian or Alaskan Native | 13 | $3,130,000 | $240,000 | $440,000 | $105,000 | $261,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $3,525,000 | $293,000 | $730,000 | $96,000 | $314,000 |
| Not applicable | 3 | $1,898,000 | $632,000 | $995,000 | $235,000 | $707,000 |
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) | 3,711 | $973,855,000 | $262,000 | $1,000,000 | $128,000 | $2,679,000 |
| FHA-insured (Federal Housing Administration) | 1,819 | $415,223,000 | $228,000 | $743,000 | $72,000 | $390,000 |
| VA-guaranteed (Veterans Administration) | 577 | $184,272,000 | $319,000 | $1,056,000 | $81,000 | $356,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $5,436,000 | $164,000 | $274,000 | $58,000 | $133,000 |
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 | 5,578 | $1,432,843,000 | $256,000 | $1,000,000 | $107,000 | $2,679,000 |
| Application Withdrawn By Applicant | 429 | $113,727,000 | $265,000 | $1,056,000 | $105,000 | $876,000 |
| Application Denied By Financial Institution | 127 | $30,489,000 | $240,000 | $788,000 | $87,000 | $440,000 |
| Application Approved But Not Accepted | 4 | $1,276,000 | $319,000 | $392,000 | $172,000 | $250,000 |
| File Closed For Incompleteness | 2 | $451,000 | $225,000 | $384,000 | $82,000 | $125,000 |
| 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 | 38 | $9,932,000 | $261,000 | $730,000 | $77,000 | $413,000 |
| Collateral | 36 | $9,594,000 | $266,000 | $788,000 | $107,000 | $440,000 |
| Other | 25 | $5,124,000 | $204,000 | $525,000 | $94,000 | $330,000 |
| Credit History | 11 | $2,737,000 | $248,000 | $445,000 | $92,000 | $264,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,540,000 | $192,000 | $272,000 | $48,000 | $78,000 |
| Employment History | 4 | $707,000 | $176,000 | $256,000 | $41,000 | $79,000 |
| Unverifiable Information | 3 | $571,000 | $190,000 | $251,000 | $59,000 | $85,000 |
| Mortgage Insurance Denied | 2 | $284,000 | $142,000 | $178,000 | $71,000 | $75,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Presidential Bank, F.S.B.'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 Presidential Bank, F.S.B.'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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