Presidential Bank, FSB Mortgage Lending & HMDA Data, 2019
In 2019, Presidential Bank, FSB of Bethesda, MD reported 4,286 mortgage applications totaling $1.4 billion, up 25% from 2018. The average application was for $326,768, and applicants reported an average income of $126,196. 87% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (1,046), Richmond, VA (672) and Baltimore-Columbia-Towson, MD (645) (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 | 4,286 |
| Total Mortgage Loan Application Amount | $1,400,530,000 |
| Average Mortgage Loan Application Amount | $326,768 |
| Highest Mortgage Loan Application Amount | $9,045,000 |
| Average Applicant Income | $126,196 |
| Highest Applicant Income | $4,613,000 |
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(HMDA) records Presidential Bank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,046 | $ 418,440,000 | $ 400,038 | $ 136,035 |
| Richmond, VA | 672 | $ 126,780,000 | $ 188,660 | $ 81,000 |
| Baltimore-Columbia-Towson, MD | 645 | $ 217,795,000 | $ 337,666 | $ 131,000 |
| Washington-Baltimore-Arlington, DC | 587 | $ 213,635,000 | $ 363,943 | $ 133,000 |
| Montgomery County-Bucks County-Chester County, PA | 315 | $ 88,595,000 | $ 281,253 | $ 111,000 |
| California-Lexington Park, MD | 208 | $ 64,240,000 | $ 308,846 | $ 149,000 |
| Charlottesville, VA | 127 | $ 40,855,000 | $ 321,692 | $ 128,000 |
| Outside any metro area | 104 | $ 33,060,000 | $ 317,884 | $ 126,161 |
| Hagerstown-Martinsburg, MD-WV | 62 | $ 14,740,000 | $ 237,741 | $ 89,258 |
| New York-Newark, NY | 46 | $ 13,310,000 | $ 289,347 | $ 141,000 |
| Charlotte-Concord-Gastonia, NC-SC | 40 | $ 12,420,000 | $ 310,500 | $ 133,000 |
| Philadelphia, PA | 37 | $ 7,285,000 | $ 196,891 | $ 159,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 36 | $ 13,300,000 | $ 369,444 | $ 139,611 |
| Salisbury, MD-DE | 32 | $ 9,460,000 | $ 295,625 | $ 177,000 |
| Ocean City, NJ | 17 | $ 9,425,000 | $ 554,411 | $ 235,000 |
| Winchester, VA-WV | 15 | $ 3,815,000 | $ 254,333 | $ 108,000 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 4,680,000 | $ 390,000 | $ 179,000 |
| Atlantic City-Hammonton, NJ | 10 | $ 1,930,000 | $ 193,000 | $ 93,000 |
| San Diego-Carlsbad, CA | 10 | $ 5,410,000 | $ 541,000 | $ 137,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 9 | $ 2,295,000 | $ 255,000 | $ 161,666 |
| Camden, NJ | 8 | $ 1,690,000 | $ 211,250 | $ 139,000 |
| Reading, PA | 8 | $ 1,760,000 | $ 220,000 | $ 97,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 7 | $ 1,665,000 | $ 237,857 | $ 103,000 |
| Chambersburg-Waynesboro, PA | 7 | $ 1,515,000 | $ 216,428 | $ 65,000 |
| Hickory-Lenoir-Morganton, NC | 6 | $ 2,030,000 | $ 338,333 | $ 94,000 |
| Raleigh, NC | 6 | $ 2,030,000 | $ 338,333 | $ 195,000 |
| York-Hanover, PA | 6 | $ 1,810,000 | $ 301,666 | $ 89,000 |
| Atlanta-Sandy Springs-Roswell, GA | 5 | $ 1,645,000 | $ 329,000 | $ 125,000 |
| Gettysburg, PA | 5 | $ 1,165,000 | $ 233,000 | $ 77,000 |
| Jacksonville, FL | 5 | $ 1,375,000 | $ 275,000 | $ 138,000 |
| Newark, NJ-PA | 5 | $ 1,705,000 | $ 341,000 | $ 156,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 1,665,000 | $ 333,000 | $ 169,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,675,000 | $ 335,000 | $ 147,000 |
| Charleston-North Charleston, SC | 4 | $ 4,250,000 | $ 1,062,500 | $ 662,000 |
| Dover, DE | 4 | $ 870,000 | $ 217,500 | $ 219,000 |
| Durham-Chapel Hill, NC | 4 | $ 1,480,000 | $ 370,000 | $ 278,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 1,360,000 | $ 340,000 | $ 137,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 1,370,000 | $ 342,500 | $ 162,000 |
| New York-Jersey City-White Plains, NY-NJ | 4 | $ 1,710,000 | $ 427,500 | $ 143,000 |
| Pittsburgh, PA | 4 | $ 1,300,000 | $ 325,000 | $ 217,000 |
| Port St. Lucie, FL | 4 | $ 2,040,000 | $ 510,000 | $ 210,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 4 | $ 1,800,000 | $ 450,000 | $ 187,250 |
| Wilmington, NC | 4 | $ 1,740,000 | $ 435,000 | $ 131,000 |
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 1,485,000 | $ 495,000 | $ 281,000 |
| Boston, MA | 3 | $ 1,405,000 | $ 468,333 | $ 181,000 |
| Canton-Massillon, OH | 3 | $ 625,000 | $ 208,333 | $ 154,000 |
| Clarksville, TN-KY | 3 | $ 725,000 | $ 241,666 | $ 58,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 1,175,000 | $ 391,666 | $ 139,000 |
| Denver-Aurora-Lakewood, CO | 3 | $ 1,475,000 | $ 491,666 | $ 222,000 |
| Fayetteville, NC | 3 | $ 615,000 | $ 205,000 | $ 85,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 3,135,000 | $ 1,045,000 | $ 276,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 3 | $ 1,285,000 | $ 428,333 | $ 163,000 |
| Huntsville, AL | 3 | $ 1,065,000 | $ 355,000 | $ 92,000 |
| Morgantown, WV | 3 | $ 905,000 | $ 301,666 | $ 182,000 |
| Nassau County-Suffolk County, NY | 3 | $ 1,985,000 | $ 661,666 | $ 210,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 475,000 | $ 158,333 | $ 43,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 945,000 | $ 315,000 | $ 95,000 |
| Roanoke, VA | 3 | $ 1,005,000 | $ 335,000 | $ 170,000 |
| Sebastian-Vero Beach, FL | 3 | $ 1,075,000 | $ 358,333 | $ 220,000 |
| Tacoma-Lakewood, WA | 3 | $ 1,265,000 | $ 421,666 | $ 159,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 955,000 | $ 318,333 | $ 313,000 |
| Albany, GA | 2 | $ 700,000 | $ 350,000 | $ 251,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 450,000 | $ 225,000 | $ 113,000 |
| Chattanooga, TN-GA | 2 | $ 840,000 | $ 420,000 | $ 197,000 |
| Chicago-Naperville, IL | 2 | $ 530,000 | $ 265,000 | $ 155,000 |
| Colorado Springs, CO | 2 | $ 590,000 | $ 295,000 | $ 59,000 |
| Columbia, SC | 2 | $ 660,000 | $ 330,000 | $ 170,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 500,000 | $ 250,000 | $ 101,000 |
| Harrisburg-Carlisle, PA | 2 | $ 2,810,000 | $ 1,405,000 | $ 179,000 |
| Jackson, MS | 2 | $ 600,000 | $ 300,000 | $ 102,000 |
| Memphis, TN-MS-AR | 2 | $ 1,000,000 | $ 500,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 650,000 | $ 325,000 | $ 139,000 |
| Providence-Warwick, RI-MA | 2 | $ 630,000 | $ 315,000 | $ 173,000 |
| Rockingham County-Strafford County, NH | 2 | $ 420,000 | $ 210,000 | $ 0 |
| Wilmington, DE-MD-NJ | 2 | $ 510,000 | $ 255,000 | $ 94,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 455,000 | $ 455,000 | $ 130,000 |
| Barnstable Town, MA | 1 | $ 405,000 | $ 405,000 | $ 249,000 |
| Battle Creek, MI | 1 | $ 2,025,000 | $ 2,025,000 | $ 0 |
| Boise City, ID | 1 | $ 445,000 | $ 445,000 | $ 149,000 |
| Boulder, CO | 1 | $ 775,000 | $ 775,000 | $ 178,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 635,000 | $ 635,000 | $ 184,000 |
| Casper, WY | 1 | $ 205,000 | $ 205,000 | $ 47,000 |
| Charleston, WV | 1 | $ 225,000 | $ 225,000 | $ 136,000 |
| Cleveland-Elyria, OH | 1 | $ 105,000 | $ 105,000 | $ 78,000 |
| Cumberland, MD-WV | 1 | $ 55,000 | $ 55,000 | $ 99,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 305,000 | $ 305,000 | $ 165,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 62,000 |
| East Stroudsburg, PA | 1 | $ 155,000 | $ 155,000 | $ 252,000 |
| Flint, MI | 1 | $ 145,000 | $ 145,000 | $ 29,000 |
| Greensboro-High Point, NC | 1 | $ 245,000 | $ 245,000 | $ 180,000 |
| Greenville, NC | 1 | $ 1,505,000 | $ 1,505,000 | $ 0 |
| Harrisonburg, VA | 1 | $ 505,000 | $ 505,000 | $ 114,000 |
| Idaho Falls, ID | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 245,000 | $ 245,000 | $ 91,000 |
| Kalamazoo-Portage, MI | 1 | $ 345,000 | $ 345,000 | $ 90,000 |
| Killeen-Temple, TX | 1 | $ 205,000 | $ 205,000 | $ 110,000 |
| Knoxville, TN | 1 | $ 285,000 | $ 285,000 | $ 159,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Logan, UT-ID | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Longview, WA | 1 | $ 265,000 | $ 265,000 | $ 174,000 |
| Lynchburg, VA | 1 | $ 485,000 | $ 485,000 | $ 233,000 |
| Macon-Bibb County, GA | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Mansfield, OH | 1 | $ 1,015,000 | $ 1,015,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 245,000 | $ 245,000 | $ 121,000 |
| Morristown, TN | 1 | $ 225,000 | $ 225,000 | $ 91,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 625,000 | $ 625,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 4,405,000 | $ 4,405,000 | $ 0 |
| Olympia-Tumwater, WA | 1 | $ 375,000 | $ 375,000 | $ 117,000 |
| Owensboro, KY | 1 | $ 205,000 | $ 205,000 | $ 63,000 |
| Panama City, FL | 1 | $ 165,000 | $ 165,000 | $ 75,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 225,000 | $ 225,000 | $ 64,000 |
| Pittsfield, MA | 1 | $ 535,000 | $ 535,000 | $ 256,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 485,000 | $ 485,000 | $ 739,000 |
| Redding, CA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 375,000 | $ 375,000 | $ 150,000 |
| Rochester, MN | 1 | $ 185,000 | $ 185,000 | $ 130,000 |
| Rochester, NY | 1 | $ 155,000 | $ 155,000 | $ 180,000 |
| Salt Lake City, UT | 1 | $ 305,000 | $ 305,000 | $ 135,000 |
| Savannah, GA | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 185,000 | $ 185,000 | $ 124,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 485,000 | $ 485,000 | $ 110,000 |
| Shreveport-Bossier City, LA | 1 | $ 345,000 | $ 345,000 | $ 182,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 195,000 | $ 195,000 | $ 363,000 |
| St. George, UT | 1 | $ 345,000 | $ 345,000 | $ 138,000 |
| St. Louis, MO-IL | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Toledo, OH | 1 | $ 1,825,000 | $ 1,825,000 | $ 0 |
| Urban Honolulu, HI | 1 | $ 915,000 | $ 915,000 | $ 0 |
| Valdosta, GA | 1 | $ 275,000 | $ 275,000 | $ 157,000 |
| Worcester, MA-CT | 1 | $ 165,000 | $ 165,000 | $ 185,000 |
Mortgage Loan Application Detail Totals for Presidential Bank, FSB in 2019
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 | 3,059 | $943,095,000 | $308,000 | $4,405,000 | $117,000 | $1,557,000 |
| Refinancing | 863 | $327,295,000 | $379,000 | $2,585,000 | $153,000 | $4,613,000 |
| Cash-out Refinancing | 362 | $128,030,000 | $353,000 | $9,045,000 | $140,000 | $765,000 |
| Home Improvement | 1 | $1,825,000 | $1,825,000 | $1,825,000 | $0 | $0 |
| Other Purpose | 1 | $285,000 | $285,000 | $285,000 | $130,000 | $130,000 |
| 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 | 2,856 | $923,750,000 | $323,000 | $3,035,000 | $130,000 | $4,613,000 |
| Not Provided | 740 | $245,860,000 | $332,000 | $1,285,000 | $126,000 | $909,000 |
| Black or African American | 329 | $86,615,000 | $263,000 | $1,235,000 | $96,000 | $765,000 |
| Asian | 177 | $54,375,000 | $307,000 | $1,265,000 | $107,000 | $646,000 |
| Hispanic | 134 | $44,890,000 | $335,000 | $1,305,000 | $111,000 | $470,000 |
| Not applicable | 36 | $40,050,000 | $1,112,000 | $9,045,000 | $0 | $0 |
| American Indian or Alaskan Native | 8 | $2,230,000 | $278,000 | $505,000 | $123,000 | $217,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $2,245,000 | $449,000 | $725,000 | $164,000 | $253,000 |
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) | 2,932 | $970,950,000 | $331,000 | $9,045,000 | $136,000 | $4,613,000 |
| VA-guaranteed (Veterans Administration) | 692 | $271,780,000 | $392,000 | $2,335,000 | $125,000 | $673,000 |
| FHA-insured (Federal Housing Administration) | 536 | $128,440,000 | $239,000 | $705,000 | $82,000 | $360,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 126 | $29,360,000 | $233,000 | $525,000 | $71,000 | $147,000 |
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 | 3,719 | $1,224,325,000 | $329,000 | $9,045,000 | $126,000 | $4,613,000 |
| Application Withdrawn By Applicant | 279 | $91,995,000 | $329,000 | $1,345,000 | $128,000 | $794,000 |
| Application Denied By Financial Institution | 212 | $61,610,000 | $290,000 | $915,000 | $103,000 | $364,000 |
| Application Approved But Not Accepted | 35 | $11,145,000 | $318,000 | $735,000 | $132,000 | $305,000 |
| File Closed For Incompleteness | 26 | $8,120,000 | $312,000 | $905,000 | $143,000 | $490,000 |
| Loan Purchased By The Institution | 15 | $3,335,000 | $222,000 | $675,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 4,074 | $1,338,920,000 | $328,000 | $9,045,000 | $127,000 | $4,613,000 |
| Credit Application Incomplete | 77 | $21,735,000 | $282,000 | $885,000 | $102,000 | $361,000 |
| Collateral | 51 | $15,125,000 | $296,000 | $685,000 | $115,000 | $364,000 |
| Debt-To-Income Ratio | 38 | $11,180,000 | $294,000 | $605,000 | $91,000 | $348,000 |
| Credit History | 21 | $5,285,000 | $251,000 | $515,000 | $111,000 | $281,000 |
| Employment History | 9 | $2,875,000 | $319,000 | $635,000 | $70,000 | $157,000 |
| Other | 7 | $2,295,000 | $327,000 | $915,000 | $107,000 | $156,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $2,490,000 | $415,000 | $595,000 | $122,000 | $212,000 |
| Unverifiable Information | 3 | $625,000 | $208,000 | $265,000 | $73,000 | $91,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Presidential Bank, FSB's 2019 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.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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