Presidential Bank, FSB Mortgage Lending & HMDA Data, 2015
In 2015, Presidential Bank, FSB of Bethesda, MD reported 5,215 mortgage applications totaling $1.5 billion, up 17% from 2014. The average application was for $288,663, and applicants reported an average income of $111,728. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (1,465), Baltimore-Columbia-Towson, MD (839) and Silver Spring-Frederick-Rockville, MD (807) (applications in parentheses).
| Mortgage Company & Address | Presidential Bank, FSB 4600 East West Highway, Suite 400 Bethesda, MD 20814 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 | 5,215 |
| Total Mortgage Loan Application Amount | $1,505,381,000 |
| Average Mortgage Loan Application Amount | $288,663 |
| Highest Mortgage Loan Application Amount | $1,660,000 |
| Average Applicant Income | $111,728 |
| Highest Applicant Income | $4,167,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Presidential Bank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,465 | $ 518,127,000 | $ 353,670 | $ 123,501 |
| Baltimore-Columbia-Towson, MD | 839 | $ 257,123,000 | $ 306,463 | $ 113,000 |
| Silver Spring-Frederick-Rockville, MD | 807 | $ 247,259,000 | $ 306,392 | $ 118,000 |
| Richmond, VA | 603 | $ 98,840,000 | $ 163,913 | $ 66,000 |
| Montgomery County-Bucks County-Chester County, PA | 353 | $ 84,948,000 | $ 240,645 | $ 99,000 |
| Charlottesville, VA | 156 | $ 44,749,000 | $ 286,852 | $ 131,000 |
| California-Lexington Park, MD | 140 | $ 41,757,000 | $ 298,264 | $ 117,000 |
| New York-Jersey City-White Plains, NY-NJ | 102 | $ 29,231,000 | $ 286,578 | $ 134,176 |
| Salisbury, MD-DE | 91 | $ 20,147,000 | $ 221,395 | $ 154,615 |
| Hagerstown-Martinsburg, MD-WV | 77 | $ 15,068,000 | $ 195,688 | $ 74,948 |
| Philadelphia, PA | 46 | $ 9,439,000 | $ 205,195 | $ 95,000 |
| Ocean City, NJ | 42 | $ 15,073,000 | $ 358,880 | $ 222,000 |
| Charlotte-Concord-Gastonia, NC-SC | 40 | $ 10,503,000 | $ 262,575 | $ 128,600 |
| Winchester, VA-WV | 22 | $ 4,994,000 | $ 227,000 | $ 85,545 |
| Staunton-Waynesboro, VA | 20 | $ 3,470,000 | $ 173,500 | $ 86,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 17 | $ 5,793,000 | $ 340,764 | $ 118,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 14 | $ 2,578,000 | $ 184,142 | $ 66,000 |
| Reading, PA | 10 | $ 1,737,000 | $ 173,700 | $ 64,000 |
| Tampa-St. Petersburg-Clearwater, FL | 10 | $ 2,701,000 | $ 270,100 | $ 191,000 |
| Camden, NJ | 9 | $ 2,727,000 | $ 303,000 | $ 169,000 |
| Houston-The Woodlands-Sugar Land, TX | 9 | $ 1,931,000 | $ 214,555 | $ 23,000 |
| Atlanta-Sandy Springs-Roswell, GA | 8 | $ 2,354,000 | $ 294,250 | $ 103,000 |
| Chambersburg-Waynesboro, PA | 8 | $ 1,460,000 | $ 182,500 | $ 113,000 |
| Charleston-North Charleston, SC | 8 | $ 1,496,000 | $ 187,000 | $ 90,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 8 | $ 1,884,000 | $ 235,500 | $ 223,000 |
| Newark, NJ-PA | 8 | $ 1,901,000 | $ 237,625 | $ 118,500 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,376,000 | $ 229,333 | $ 164,000 |
| Gettysburg, PA | 6 | $ 1,494,000 | $ 249,000 | $ 106,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 6 | $ 980,000 | $ 163,333 | $ 88,500 |
| Dover, DE | 5 | $ 1,261,000 | $ 252,200 | $ 77,000 |
| San Diego-Carlsbad, CA | 5 | $ 1,936,000 | $ 387,200 | $ 52,000 |
| Tacoma-Lakewood, WA | 5 | $ 1,840,000 | $ 368,000 | $ 65,000 |
| Wilmington, DE-MD-NJ | 5 | $ 1,530,000 | $ 306,000 | $ 105,200 |
| York-Hanover, PA | 5 | $ 997,000 | $ 199,400 | $ 91,000 |
| Boston, MA | 4 | $ 1,367,000 | $ 341,750 | $ 218,000 |
| Denver-Aurora-Lakewood, CO | 4 | $ 1,285,000 | $ 321,250 | $ 92,000 |
| Harrisonburg, VA | 4 | $ 879,000 | $ 219,750 | $ 73,000 |
| Lancaster, PA | 4 | $ 822,000 | $ 205,500 | $ 135,000 |
| Nassau County-Suffolk County, NY | 4 | $ 1,164,000 | $ 291,000 | $ 128,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 1,175,000 | $ 293,750 | $ 33,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 579,000 | $ 144,750 | $ 84,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 844,000 | $ 211,000 | $ 9,000 |
| Pittsburgh, PA | 4 | $ 694,000 | $ 173,500 | $ 61,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 4 | $ 2,446,000 | $ 611,500 | $ 111,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,726,000 | $ 431,500 | $ 348,000 |
| Boulder, CO | 3 | $ 1,026,000 | $ 342,000 | $ 237,000 |
| Cambridge-Newton-Framingham, MA | 3 | $ 1,260,000 | $ 420,000 | $ 202,000 |
| Colorado Springs, CO | 3 | $ 1,020,000 | $ 340,000 | $ 64,000 |
| Columbia, SC | 3 | $ 803,000 | $ 267,666 | $ 161,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 719,000 | $ 239,666 | $ 124,000 |
| Jacksonville, FL | 3 | $ 770,000 | $ 256,666 | $ 116,000 |
| Lexington-Fayette, KY | 3 | $ 515,000 | $ 171,666 | $ 120,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 1,117,000 | $ 372,333 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 238,000 | $ 79,333 | $ 6,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 499,000 | $ 166,333 | $ 102,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 361,000 | $ 120,333 | $ 113,000 |
| Providence-Warwick, RI-MA | 3 | $ 1,072,000 | $ 357,333 | $ 133,333 |
| Seattle-Bellevue-Everett, WA | 3 | $ 1,363,000 | $ 454,333 | $ 177,000 |
| St. Louis, MO-IL | 3 | $ 578,000 | $ 192,666 | $ 27,000 |
| Trenton, NJ | 3 | $ 809,000 | $ 269,666 | $ 131,000 |
| Wilmington, NC | 3 | $ 926,000 | $ 308,666 | $ 165,000 |
| Asheville, NC | 2 | $ 430,000 | $ 215,000 | $ 97,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 474,000 | $ 237,000 | $ 114,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 387,000 | $ 193,500 | $ 130,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 337,000 | $ 168,500 | $ 54,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 1,383,000 | $ 691,500 | $ 195,000 |
| Burlington, NC | 2 | $ 363,000 | $ 181,500 | $ 115,000 |
| Columbus, OH | 2 | $ 361,000 | $ 180,500 | $ 62,000 |
| Corpus Christi, TX | 2 | $ 607,000 | $ 303,500 | $ 91,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 495,000 | $ 247,500 | $ 112,000 |
| Cumberland, MD-WV | 2 | $ 292,000 | $ 146,000 | $ 40,500 |
| Dallas-Plano-Irving, TX | 2 | $ 426,000 | $ 213,000 | $ 123,000 |
| Durham-Chapel Hill, NC | 2 | $ 602,000 | $ 301,000 | $ 112,000 |
| East Stroudsburg, PA | 2 | $ 352,000 | $ 176,000 | $ 224,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 2 | $ 610,000 | $ 305,000 | $ 122,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 364,000 | $ 182,000 | $ 43,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 775,000 | $ 387,500 | $ 222,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 450,000 | $ 225,000 | $ 108,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 698,000 | $ 349,000 | $ 65,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 941,000 | $ 470,500 | $ 163,000 |
| New Haven-Milford, CT | 2 | $ 581,000 | $ 290,500 | $ 168,000 |
| Raleigh, NC | 2 | $ 488,000 | $ 244,000 | $ 76,000 |
| San Antonio-New Braunfels, TX | 2 | $ 686,000 | $ 343,000 | $ 93,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 274,000 | $ 137,000 | $ 90,000 |
| Sebastian-Vero Beach, FL | 2 | $ 620,000 | $ 310,000 | $ 132,000 |
| Springfield, MA | 2 | $ 403,000 | $ 201,500 | $ 61,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 850,000 | $ 850,000 | $ 0 |
| Barnstable Town, MA | 1 | $ 324,000 | $ 324,000 | $ 0 |
| Cheyenne, WY | 1 | $ 150,000 | $ 150,000 | $ 99,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 1,350,000 | $ 1,350,000 | $ 331,000 |
| Coeur D'Alene, ID | 1 | $ 282,000 | $ 282,000 | $ 56,000 |
| Columbia, MO | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 304,000 | $ 304,000 | $ 132,000 |
| El Paso, TX | 1 | $ 176,000 | $ 176,000 | $ 86,000 |
| Fairbanks, AK | 1 | $ 231,000 | $ 231,000 | $ 88,000 |
| Fayetteville, NC | 1 | $ 54,000 | $ 54,000 | $ 152,000 |
| Flint, MI | 1 | $ 101,000 | $ 101,000 | $ 201,000 |
| Harrisburg-Carlisle, PA | 1 | $ 212,000 | $ 212,000 | $ 92,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 74,000 | $ 74,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 236,000 | $ 236,000 | $ 141,000 |
| Killeen-Temple, TX | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Knoxville, TN | 1 | $ 355,000 | $ 355,000 | $ 150,000 |
| Laredo, TX | 1 | $ 190,000 | $ 190,000 | $ 82,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 69,000 | $ 69,000 | $ 0 |
| Lubbock, TX | 1 | $ 267,000 | $ 267,000 | $ 0 |
| Lynchburg, VA | 1 | $ 58,000 | $ 58,000 | $ 74,000 |
| Manhattan, KS | 1 | $ 148,000 | $ 148,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 344,000 | $ 344,000 | $ 187,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 256,000 | $ 256,000 | $ 105,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 264,000 | $ 264,000 | $ 0 |
| Panama City, FL | 1 | $ 138,000 | $ 138,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 190,000 | $ 190,000 | $ 132,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 360,000 | $ 360,000 | $ 75,000 |
| Salt Lake City, UT | 1 | $ 283,000 | $ 283,000 | $ 69,000 |
| Urban Honolulu, HI | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 286,000 | $ 286,000 | $ 81,000 |
| Wichita, KS | 1 | $ 59,000 | $ 59,000 | $ 0 |
Mortgage Loan Application Detail Totals for Presidential Bank, FSB in 2015
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 | 3,694 | $1,017,576,000 | $275,000 | $1,660,000 | $107,000 | $830,000 |
| Refinancing | 1,475 | $473,623,000 | $321,000 | $1,502,000 | $123,000 | $4,167,000 |
| Home Improvement | 46 | $14,182,000 | $308,000 | $850,000 | $130,000 | $376,000 |
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 | 3,762 | $1,087,240,000 | $289,000 | $1,502,000 | $118,000 | $4,167,000 |
| Not Provided | 571 | $176,072,000 | $308,000 | $1,335,000 | $115,000 | $1,064,000 |
| Black or African American | 384 | $93,818,000 | $244,000 | $633,000 | $84,000 | $552,000 |
| Asian | 246 | $74,099,000 | $301,000 | $946,000 | $103,000 | $471,000 |
| Hispanic | 174 | $49,095,000 | $282,000 | $724,000 | $90,000 | $328,000 |
| Not applicable | 63 | $21,280,000 | $337,000 | $1,660,000 | $0 | $0 |
| American Indian or Alaskan Native | 10 | $2,412,000 | $241,000 | $626,000 | $92,000 | $244,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,365,000 | $273,000 | $342,000 | $60,000 | $80,000 |
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) | 3,170 | $918,582,000 | $289,000 | $1,660,000 | $132,000 | $4,167,000 |
| FHA-insured (Federal Housing Administration) | 1,119 | $264,879,000 | $236,000 | $724,000 | $69,000 | $591,000 |
| VA-guaranteed (Veterans Administration) | 724 | $280,502,000 | $387,000 | $1,274,000 | $103,000 | $524,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 202 | $41,418,000 | $205,000 | $526,000 | $62,000 | $111,000 |
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 | 4,486 | $1,315,434,000 | $293,000 | $1,660,000 | $114,000 | $4,167,000 |
| Application Withdrawn By Applicant | 294 | $78,686,000 | $267,000 | $703,000 | $115,000 | $1,320,000 |
| Application Denied By Financial Institution | 221 | $56,026,000 | $253,000 | $1,350,000 | $91,000 | $406,000 |
| File Closed For Incompleteness | 95 | $25,030,000 | $263,000 | $910,000 | $117,000 | $672,000 |
| Application Approved But Not Accepted | 65 | $15,423,000 | $237,000 | $779,000 | $101,000 | $291,000 |
| Loan Purchased By The Institution | 54 | $14,782,000 | $273,000 | $984,000 | $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 | 92 | $25,120,000 | $273,000 | $640,000 | $116,000 | $406,000 |
| Debt-To-Income Ratio | 52 | $14,936,000 | $287,000 | $1,350,000 | $72,000 | $331,000 |
| Credit History | 33 | $6,126,000 | $185,000 | $555,000 | $68,000 | $275,000 |
| Other | 13 | $2,252,000 | $173,000 | $272,000 | $73,000 | $153,000 |
| Employment History | 12 | $2,783,000 | $231,000 | $475,000 | $64,000 | $307,000 |
| Unverifiable Information | 8 | $1,715,000 | $214,000 | $582,000 | $71,000 | $187,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,834,000 | $262,000 | $398,000 | $95,000 | $215,000 |
| Mortgage Insurance Denied | 3 | $1,020,000 | $340,000 | $727,000 | $116,000 | $257,000 |
| Credit Application Incomplete | 1 | $240,000 | $240,000 | $240,000 | $111,000 | $111,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Presidential Bank, FSB's 2015 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, FSB'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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