Presidential Bank, FSB Mortgage Lending & HMDA Data, 2021

In 2021, Presidential Bank, FSB of Bethesda, MD reported 5,160 mortgage applications totaling $1.8 billion, down 22% from 2020. The average application was for $353,290, and applicants reported an average income of $135,603. 90% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (1,181), Baltimore-Columbia-Towson, MD (853) and Washington-Baltimore-Arlington, DC (811) (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 5,160
Total Mortgage Loan Application Amount $1,822,980,000
Average Mortgage Loan Application Amount $353,290
Highest Mortgage Loan Application Amount $2,275,000
Average Applicant Income $135,603
Highest Applicant Income $2,144,000

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(HMDA) records Presidential Bank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Presidential Bank, FSB by Metropolitan Area in 2021

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 1,181 $ 490,755,000 $ 415,541 $ 148,021
Baltimore-Columbia-Towson, MD 853 $ 310,695,000 $ 364,237 $ 137,000
Washington-Baltimore-Arlington, DC 811 $ 316,525,000 $ 390,289 $ 149,000
Richmond, VA 678 $ 153,510,000 $ 226,415 $ 85,000
Montgomery County-Bucks County-Chester County, PA 375 $ 124,125,000 $ 331,000 $ 129,000
Outside any metro area 152 $ 43,310,000 $ 284,934 $ 141,549
Charlottesville, VA 148 $ 54,870,000 $ 370,743 $ 149,000
California-Lexington Park, MD 86 $ 31,200,000 $ 362,790 $ 137,000
Hagerstown-Martinsburg, MD-WV 85 $ 20,515,000 $ 241,352 $ 115,000
Virginia Beach-Norfolk-Newport News, VA-NC 64 $ 24,650,000 $ 385,156 $ 123,281
New York-Newark, NY 57 $ 15,285,000 $ 268,157 $ 118,000
Philadelphia, PA 54 $ 14,140,000 $ 261,851 $ 117,000
Charlotte-Concord-Gastonia, NC-SC 53 $ 18,405,000 $ 347,264 $ 140,000
Salisbury, MD-DE 49 $ 14,565,000 $ 297,244 $ 166,938
Ocean City, NJ 27 $ 12,265,000 $ 454,259 $ 231,000
Allentown-Bethlehem-Easton, PA-NJ 22 $ 5,590,000 $ 254,090 $ 104,363
Reading, PA 21 $ 5,075,000 $ 241,666 $ 104,000
Camden, NJ 20 $ 4,540,000 $ 227,000 $ 103,000
Winchester, VA-WV 17 $ 5,275,000 $ 310,294 $ 113,647
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 16 $ 5,230,000 $ 326,875 $ 128,250
Gettysburg, PA 15 $ 3,485,000 $ 232,333 $ 70,000
Jacksonville, FL 15 $ 5,955,000 $ 397,000 $ 202,000
Tampa-St. Petersburg-Clearwater, FL 13 $ 6,245,000 $ 480,384 $ 208,000
Charleston-North Charleston, SC 12 $ 5,970,000 $ 497,500 $ 174,000
Atlantic City-Hammonton, NJ 11 $ 3,135,000 $ 285,000 $ 172,000
Orlando-Kissimmee-Sanford, FL 9 $ 2,895,000 $ 321,666 $ 183,000
Raleigh, NC 9 $ 3,895,000 $ 432,777 $ 130,000
Atlanta-Sandy Springs-Roswell, GA 8 $ 3,440,000 $ 430,000 $ 189,000
Chambersburg-Waynesboro, PA 8 $ 2,050,000 $ 256,250 $ 121,000
Durham-Chapel Hill, NC 8 $ 3,640,000 $ 455,000 $ 211,000
Cape Coral-Fort Myers, FL 7 $ 2,225,000 $ 317,857 $ 406,000
Providence-Warwick, RI-MA 7 $ 2,935,000 $ 419,285 $ 208,857
Wilmington, DE-MD-NJ 7 $ 2,305,000 $ 329,285 $ 189,142
Columbus, OH 6 $ 2,590,000 $ 431,666 $ 176,000
Jacksonville, NC 6 $ 1,700,000 $ 283,333 $ 188,000
York-Hanover, PA 6 $ 2,090,000 $ 348,333 $ 115,000
Blacksburg-Christiansburg-Radford, VA 5 $ 895,000 $ 179,000 $ 60,000
Chicago-Naperville, IL 5 $ 1,865,000 $ 373,000 $ 205,000
Columbia, SC 5 $ 1,305,000 $ 261,000 $ 68,000
Denver-Aurora-Lakewood, CO 5 $ 3,255,000 $ 651,000 $ 169,000
Dover, DE 5 $ 1,225,000 $ 245,000 $ 66,000
East Stroudsburg, PA 5 $ 1,195,000 $ 239,000 $ 135,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 5 $ 2,145,000 $ 429,000 $ 209,000
New York-Jersey City-White Plains, NY-NJ 5 $ 2,335,000 $ 467,000 $ 123,200
Phoenix-Mesa-Scottsdale, AZ 5 $ 2,205,000 $ 441,000 $ 78,000
San Diego-Carlsbad, CA 5 $ 2,595,000 $ 519,000 $ 159,000
Columbus, GA-AL 4 $ 1,010,000 $ 252,500 $ 106,750
Deltona-Daytona Beach-Ormond Beach, FL 4 $ 840,000 $ 210,000 $ 112,000
Newark, NJ-PA 4 $ 1,230,000 $ 307,500 $ 172,750
Oxnard-Thousand Oaks-Ventura, CA 4 $ 2,450,000 $ 612,500 $ 91,000
Panama City, FL 4 $ 1,660,000 $ 415,000 $ 106,000
Pittsburgh, PA 4 $ 2,250,000 $ 562,500 $ 265,000
Port St. Lucie, FL 4 $ 1,220,000 $ 305,000 $ 229,000
Savannah, GA 4 $ 1,170,000 $ 292,500 $ 125,000
Urban Honolulu, HI 4 $ 2,080,000 $ 520,000 $ 214,000
Boston, MA 3 $ 1,855,000 $ 618,333 $ 278,000
Gary, IN 3 $ 2,635,000 $ 878,333 $ 126,000
Hilton Head Island-Bluffton-Beaufort, SC 3 $ 1,515,000 $ 505,000 $ 299,000
Houston-The Woodlands-Sugar Land, TX 3 $ 1,495,000 $ 498,333 $ 228,000
Lancaster, PA 3 $ 535,000 $ 178,333 $ 66,000
Lynchburg, VA 3 $ 1,555,000 $ 518,333 $ 230,000
Memphis, TN-MS-AR 3 $ 775,000 $ 258,333 $ 83,000
North Port-Sarasota-Bradenton, FL 3 $ 925,000 $ 308,333 $ 128,000
Palm Bay-Melbourne-Titusville, FL 3 $ 1,345,000 $ 448,333 $ 224,000
Pensacola-Ferry Pass-Brent, FL 3 $ 785,000 $ 261,666 $ 73,000
Roanoke, VA 3 $ 775,000 $ 258,333 $ 113,000
Trenton, NJ 3 $ 895,000 $ 298,333 $ 115,000
West Palm Beach-Boca Raton-Delray Beach, FL 3 $ 1,075,000 $ 358,333 $ 286,000
Anaheim-Santa Ana-Irvine, CA 2 $ 720,000 $ 360,000 $ 140,000
Austin-Round Rock, TX 2 $ 750,000 $ 375,000 $ 130,000
Bridgeport-Stamford-Norwalk, CT 2 $ 740,000 $ 370,000 $ 235,000
Brunswick, GA 2 $ 1,090,000 $ 545,000 $ 198,000
Clarksville, TN-KY 2 $ 540,000 $ 270,000 $ 74,000
Colorado Springs, CO 2 $ 1,350,000 $ 675,000 $ 146,000
Crestview-Fort Walton Beach-Destin, FL 2 $ 590,000 $ 295,000 $ 116,000
Dallas-Plano-Irving, TX 2 $ 1,230,000 $ 615,000 $ 154,000
El Paso, TX 2 $ 310,000 $ 155,000 $ 0
Fayetteville, NC 2 $ 550,000 $ 275,000 $ 69,000
Harrisburg-Carlisle, PA 2 $ 760,000 $ 380,000 $ 33,000
Hickory-Lenoir-Morganton, NC 2 $ 580,000 $ 290,000 $ 81,000
Knoxville, TN 2 $ 1,020,000 $ 510,000 $ 176,000
Lakeland-Winter Haven, FL 2 $ 2,300,000 $ 1,150,000 $ 154,000
Minneapolis-St. Paul-Bloomington, MN-WI 2 $ 680,000 $ 340,000 $ 268,000
Morgantown, WV 2 $ 740,000 $ 370,000 $ 168,000
Portland-Vancouver-Hillsboro, OR-WA 2 $ 620,000 $ 310,000 $ 101,000
Prescott Valley-Prescott, AZ 2 $ 1,090,000 $ 545,000 $ 195,000
San Antonio-New Braunfels, TX 2 $ 2,030,000 $ 1,015,000 $ 305,000
Seattle-Bellevue-Everett, WA 2 $ 1,530,000 $ 765,000 $ 221,000
Springfield, MA 2 $ 760,000 $ 380,000 $ 155,000
St. Louis, MO-IL 2 $ 1,140,000 $ 570,000 $ 331,000
Tacoma-Lakewood, WA 2 $ 1,280,000 $ 640,000 $ 178,000
Tucson, AZ 2 $ 410,000 $ 205,000 $ 135,000
Warren-Troy-Farmington Hills, MI 2 $ 630,000 $ 315,000 $ 54,000
Wilmington, NC 2 $ 460,000 $ 230,000 $ 75,000
Asheville, NC 1 $ 245,000 $ 245,000 $ 0
Augusta-Richmond County, GA-SC 1 $ 325,000 $ 325,000 $ 79,000
Barnstable Town, MA 1 $ 355,000 $ 355,000 $ 214,000
Baton Rouge, LA 1 $ 215,000 $ 215,000 $ 123,000
Binghamton, NY 1 $ 195,000 $ 195,000 $ 76,000
Bremerton-Silverdale, WA 1 $ 365,000 $ 365,000 $ 175,000
Burlington-South Burlington, VT 1 $ 215,000 $ 215,000 $ 54,000
Cambridge-Newton-Framingham, MA 1 $ 485,000 $ 485,000 $ 434,000
Casper, WY 1 $ 195,000 $ 195,000 $ 116,000
Cheyenne, WY 1 $ 295,000 $ 295,000 $ 69,000
Cincinnati, OH-KY-IN 1 $ 455,000 $ 455,000 $ 105,000
Cleveland-Elyria, OH 1 $ 365,000 $ 365,000 $ 200,000
Corpus Christi, TX 1 $ 1,475,000 $ 1,475,000 $ 0
Corvallis, OR 1 $ 655,000 $ 655,000 $ 248,000
Fairbanks, AK 1 $ 385,000 $ 385,000 $ 179,000
Fayetteville-Springdale-Rogers, AR-MO 1 $ 415,000 $ 415,000 $ 84,000
Flint, MI 1 $ 295,000 $ 295,000 $ 118,000
Florence, SC 1 $ 935,000 $ 935,000 $ 0
Fort Collins, CO 1 $ 385,000 $ 385,000 $ 71,000
Greensboro-High Point, NC 1 $ 265,000 $ 265,000 $ 192,000
Greenville, NC 1 $ 155,000 $ 155,000 $ 42,000
Greenville-Anderson-Mauldin, SC 1 $ 115,000 $ 115,000 $ 30,000
Gulfport-Biloxi-Pascagoula, MS 1 $ 65,000 $ 65,000 $ 43,000
Harrisonburg, VA 1 $ 325,000 $ 325,000 $ 110,000
Hartford-West Hartford-East Hartford, CT 1 $ 395,000 $ 395,000 $ 178,000
Huntsville, AL 1 $ 285,000 $ 285,000 $ 67,000
Indianapolis-Carmel-Anderson, IN 1 $ 265,000 $ 265,000 $ 111,000
Jackson, MS 1 $ 335,000 $ 335,000 $ 0
Johnstown, PA 1 $ 275,000 $ 275,000 $ 299,000
Kalamazoo-Portage, MI 1 $ 345,000 $ 345,000 $ 117,000
Kingsport-Bristol-Bristol, TN-VA 1 $ 195,000 $ 195,000 $ 65,000
Las Cruces, NM 1 $ 195,000 $ 195,000 $ 90,000
Las Vegas-Henderson-Paradise, NV 1 $ 125,000 $ 125,000 $ 109,000
Los Angeles-Long Beach-Glendale, CA 1 $ 965,000 $ 965,000 $ 28,000
Louisville/Jefferson County, KY-IN 1 $ 1,295,000 $ 1,295,000 $ 0
Lubbock, TX 1 $ 1,015,000 $ 1,015,000 $ 0
Madison, WI 1 $ 385,000 $ 385,000 $ 145,000
Manchester-Nashua, NH 1 $ 465,000 $ 465,000 $ 0
Miami-Miami Beach-Kendall, FL 1 $ 545,000 $ 545,000 $ 219,000
Morristown, TN 1 $ 195,000 $ 195,000 $ 92,000
Mount Vernon-Anacortes, WA 1 $ 625,000 $ 625,000 $ 0
Naples-Immokalee-Marco Island, FL 1 $ 235,000 $ 235,000 $ 111,000
Nashville-Davidson--Murfreesboro--Franklin, TN 1 $ 305,000 $ 305,000 $ 255,000
Nassau County-Suffolk County, NY 1 $ 285,000 $ 285,000 $ 165,000
New Bern, NC 1 $ 255,000 $ 255,000 $ 54,000
New Orleans-Metairie, LA 1 $ 275,000 $ 275,000 $ 0
Oklahoma City, OK 1 $ 185,000 $ 185,000 $ 0
Portland-South Portland, ME 1 $ 185,000 $ 185,000 $ 71,000
Salt Lake City, UT 1 $ 745,000 $ 745,000 $ 160,000
Santa Fe, NM 1 $ 545,000 $ 545,000 $ 181,000
Scranton--Wilkes-Barre--Hazleton, PA 1 $ 545,000 $ 545,000 $ 433,000
Sebastian-Vero Beach, FL 1 $ 545,000 $ 545,000 $ 250,000
Shreveport-Bossier City, LA 1 $ 405,000 $ 405,000 $ 134,000
Sioux Falls, SD 1 $ 225,000 $ 225,000 $ 57,000
Spartanburg, SC 1 $ 115,000 $ 115,000 $ 75,000
Springfield, OH 1 $ 155,000 $ 155,000 $ 0
Staunton-Waynesboro, VA 1 $ 115,000 $ 115,000 $ 26,000
Sumter, SC 1 $ 195,000 $ 195,000 $ 39,000
Tallahassee, FL 1 $ 155,000 $ 155,000 $ 141,000
The Villages, FL 1 $ 165,000 $ 165,000 $ 67,000
Toledo, OH 1 $ 295,000 $ 295,000 $ 129,000
Vineland-Bridgeton, NJ 1 $ 305,000 $ 305,000 $ 80,000
Warner Robins, GA 1 $ 325,000 $ 325,000 $ 191,000
Wheeling, WV-OH 1 $ 135,000 $ 135,000 $ 100,000
Wichita Falls, TX 1 $ 275,000 $ 275,000 $ 0
Winston-Salem, NC 1 $ 425,000 $ 425,000 $ 197,000
Worcester, MA-CT 1 $ 425,000 $ 425,000 $ 105,000

Mortgage Loan Application Detail Totals for Presidential Bank, FSB in 2021

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 2,656 $959,370,000 $361,000 $2,205,000 $124,000 $2,144,000
Refinancing 1,779 $627,735,000 $352,000 $2,275,000 $152,000 $1,800,000
Cash-out Refinancing 723 $235,575,000 $325,000 $1,495,000 $138,000 $1,238,000
Not Applicable 1 $45,000 $45,000 $45,000 $0 $0
Other Purpose 1 $255,000 $255,000 $255,000 $50,000 $50,000
Home Improvement 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 3,490 $1,236,240,000 $354,000 $1,905,000 $139,000 $2,144,000
Not Provided 809 $266,275,000 $329,000 $1,265,000 $130,000 $1,142,000
Black or African American 362 $116,760,000 $322,000 $855,000 $109,000 $437,000
Hispanic 234 $86,300,000 $368,000 $1,215,000 $126,000 $661,000
Asian 203 $81,905,000 $403,000 $2,275,000 $142,000 $1,800,000
Not applicable 37 $27,525,000 $743,000 $2,205,000 $0 $0
American Indian or Alaskan Native 14 $3,970,000 $283,000 $605,000 $100,000 $231,000
Native Hawaiian or Other Pacific Islander 8 $2,860,000 $357,000 $715,000 $225,000 $643,000

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) 4,039 $1,392,715,000 $344,000 $2,275,000 $141,000 $2,144,000
VA-guaranteed (Veterans Administration) 698 $311,490,000 $446,000 $1,755,000 $131,000 $566,000
FHA-insured (Federal Housing Administration) 332 $95,190,000 $286,000 $835,000 $86,000 $335,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 91 $23,585,000 $259,000 $415,000 $68,000 $131,000

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 4,645 $1,638,195,000 $352,000 $2,205,000 $136,000 $2,144,000
Application Withdrawn By Applicant 421 $152,625,000 $362,000 $2,275,000 $133,000 $1,800,000
Application Denied By Financial Institution 71 $25,385,000 $357,000 $1,755,000 $97,000 $364,000
Loan Purchased By The Institution 9 $1,335,000 $148,000 $235,000 $0 $0
Application Approved But Not Accepted 7 $2,545,000 $363,000 $765,000 $182,000 $427,000
File Closed For Incompleteness 7 $2,895,000 $413,000 $1,055,000 $145,000 $261,000
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 5,089 $1,797,595,000 $353,000 $2,275,000 $136,000 $2,144,000
Debt-To-Income Ratio 29 $10,825,000 $373,000 $1,265,000 $74,000 $191,000
Collateral 18 $5,910,000 $328,000 $785,000 $122,000 $364,000
Credit History 12 $4,660,000 $388,000 $1,755,000 $104,000 $334,000
Employment History 4 $1,330,000 $332,000 $755,000 $64,000 $150,000
Unverifiable Information 3 $905,000 $301,000 $505,000 $131,000 $251,000
Insufficient Cash (Downpayment, Closing Cost) 2 $690,000 $345,000 $365,000 $155,000 $161,000
Mortgage Insurance Denied 2 $680,000 $340,000 $345,000 $114,000 $131,000
Other 1 $385,000 $385,000 $385,000 $95,000 $95,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Presidential Bank, FSB's 2021 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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