Presidential Bank, FSB Mortgage Lending & HMDA Data, 2022
In 2022, Presidential Bank, FSB of Bethesda, MD reported 2,317 mortgage applications totaling $895.5 million, down 55% from 2021. The average application was for $386,501, and applicants reported an average income of $139,219. 84% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (457), Richmond, VA (401) and Baltimore-Columbia-Towson, MD (334) (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 | 2,317 |
| Total Mortgage Loan Application Amount | $895,525,000 |
| Average Mortgage Loan Application Amount | $386,501 |
| Highest Mortgage Loan Application Amount | $8,645,000 |
| Average Applicant Income | $139,219 |
| Highest Applicant Income | $2,593,000 |
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(HMDA) records Presidential Bank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 457 | $ 197,275,000 | $ 431,673 | $ 143,045 |
| Richmond, VA | 401 | $ 106,145,000 | $ 264,700 | $ 93,000 |
| Baltimore-Columbia-Towson, MD | 334 | $ 128,420,000 | $ 384,491 | $ 145,000 |
| Washington-Baltimore-Arlington, DC | 291 | $ 120,525,000 | $ 414,175 | $ 154,000 |
| Montgomery County-Bucks County-Chester County, PA | 176 | $ 63,850,000 | $ 362,784 | $ 135,000 |
| Outside any metro area | 93 | $ 29,235,000 | $ 314,354 | $ 125,651 |
| Charlottesville, VA | 78 | $ 31,720,000 | $ 406,666 | $ 156,000 |
| Hagerstown-Martinsburg, MD-WV | 45 | $ 14,525,000 | $ 322,777 | $ 106,177 |
| California-Lexington Park, MD | 34 | $ 14,830,000 | $ 436,176 | $ 202,000 |
| Ocean City, NJ | 30 | $ 11,870,000 | $ 395,666 | $ 167,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 28 | $ 10,230,000 | $ 365,357 | $ 169,000 |
| New York-Newark, NY | 26 | $ 9,380,000 | $ 360,769 | $ 142,000 |
| Salisbury, MD-DE | 25 | $ 9,245,000 | $ 369,800 | $ 312,480 |
| Philadelphia, PA | 22 | $ 7,440,000 | $ 338,181 | $ 106,000 |
| Atlanta-Sandy Springs-Roswell, GA | 10 | $ 2,800,000 | $ 280,000 | $ 190,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 9 | $ 2,475,000 | $ 275,000 | $ 178,000 |
| Charlotte-Concord-Gastonia, NC-SC | 9 | $ 3,145,000 | $ 349,444 | $ 135,222 |
| Reading, PA | 9 | $ 3,185,000 | $ 353,888 | $ 194,000 |
| Atlantic City-Hammonton, NJ | 8 | $ 3,370,000 | $ 421,250 | $ 200,000 |
| Chambersburg-Waynesboro, PA | 8 | $ 1,790,000 | $ 223,750 | $ 101,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 8 | $ 3,390,000 | $ 423,750 | $ 184,500 |
| Camden, NJ | 7 | $ 1,935,000 | $ 276,428 | $ 113,000 |
| Gettysburg, PA | 7 | $ 2,305,000 | $ 329,285 | $ 140,000 |
| Winchester, VA-WV | 7 | $ 3,075,000 | $ 439,285 | $ 143,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 1,320,000 | $ 220,000 | $ 127,000 |
| Lancaster, PA | 5 | $ 1,175,000 | $ 235,000 | $ 66,000 |
| Nassau County-Suffolk County, NY | 5 | $ 2,625,000 | $ 525,000 | $ 193,000 |
| Newark, NJ-PA | 5 | $ 2,625,000 | $ 525,000 | $ 199,400 |
| Wilmington, DE-MD-NJ | 5 | $ 1,095,000 | $ 219,000 | $ 132,200 |
| York-Hanover, PA | 5 | $ 945,000 | $ 189,000 | $ 92,000 |
| Columbus, OH | 4 | $ 2,170,000 | $ 542,500 | $ 113,000 |
| Durham-Chapel Hill, NC | 4 | $ 1,500,000 | $ 375,000 | $ 157,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 4,490,000 | $ 1,122,500 | $ 241,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 3,270,000 | $ 817,500 | $ 235,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,440,000 | $ 360,000 | $ 136,000 |
| Port St. Lucie, FL | 4 | $ 3,500,000 | $ 875,000 | $ 141,000 |
| Trenton, NJ | 4 | $ 800,000 | $ 200,000 | $ 146,000 |
| Charleston-North Charleston, SC | 3 | $ 985,000 | $ 328,333 | $ 104,000 |
| Chicago-Naperville, IL | 3 | $ 1,005,000 | $ 335,000 | $ 402,000 |
| Dallas-Plano-Irving, TX | 3 | $ 1,025,000 | $ 341,666 | $ 219,000 |
| Harrisburg-Carlisle, PA | 3 | $ 1,275,000 | $ 425,000 | $ 250,000 |
| Homosassa Springs, FL | 3 | $ 5,295,000 | $ 1,765,000 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 535,000 | $ 178,333 | $ 193,000 |
| Jacksonville, FL | 3 | $ 1,505,000 | $ 501,666 | $ 123,000 |
| Jacksonville, NC | 3 | $ 6,885,000 | $ 2,295,000 | $ 143,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 1,345,000 | $ 448,333 | $ 304,333 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 1,635,000 | $ 545,000 | $ 218,000 |
| Raleigh, NC | 3 | $ 1,115,000 | $ 371,666 | $ 189,000 |
| Albuquerque, NM | 2 | $ 1,370,000 | $ 685,000 | $ 296,000 |
| Austin-Round Rock, TX | 2 | $ 700,000 | $ 350,000 | $ 193,000 |
| Boston, MA | 2 | $ 1,050,000 | $ 525,000 | $ 304,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 2 | $ 1,480,000 | $ 740,000 | $ 99,000 |
| Dover, DE | 2 | $ 670,000 | $ 335,000 | $ 137,000 |
| East Stroudsburg, PA | 2 | $ 550,000 | $ 275,000 | $ 77,000 |
| El Paso, TX | 2 | $ 1,140,000 | $ 570,000 | $ 167,000 |
| Fayetteville, NC | 2 | $ 2,800,000 | $ 1,400,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 2 | $ 5,900,000 | $ 2,950,000 | $ 105,000 |
| Greensboro-High Point, NC | 2 | $ 830,000 | $ 415,000 | $ 115,000 |
| Huntsville, AL | 2 | $ 1,880,000 | $ 940,000 | $ 440,000 |
| Lynchburg, VA | 2 | $ 2,690,000 | $ 1,345,000 | $ 128,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 1,990,000 | $ 995,000 | $ 266,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 720,000 | $ 360,000 | $ 112,000 |
| Parkersburg-Vienna, WV | 2 | $ 270,000 | $ 135,000 | $ 168,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 540,000 | $ 270,000 | $ 356,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 980,000 | $ 490,000 | $ 250,000 |
| San Antonio-New Braunfels, TX | 2 | $ 550,000 | $ 275,000 | $ 135,000 |
| Sebastian-Vero Beach, FL | 2 | $ 220,000 | $ 110,000 | $ 104,000 |
| Staunton-Waynesboro, VA | 2 | $ 820,000 | $ 410,000 | $ 206,000 |
| Winston-Salem, NC | 2 | $ 600,000 | $ 300,000 | $ 132,000 |
| Akron, OH | 1 | $ 95,000 | $ 95,000 | $ 40,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 375,000 | $ 375,000 | $ 135,000 |
| Ann Arbor, MI | 1 | $ 435,000 | $ 435,000 | $ 123,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 605,000 | $ 605,000 | $ 184,000 |
| Baton Rouge, LA | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 255,000 | $ 255,000 | $ 152,000 |
| Boulder, CO | 1 | $ 645,000 | $ 645,000 | $ 154,000 |
| Bowling Green, KY | 1 | $ 185,000 | $ 185,000 | $ 39,000 |
| Bremerton-Silverdale, WA | 1 | $ 485,000 | $ 485,000 | $ 185,000 |
| Brunswick, GA | 1 | $ 645,000 | $ 645,000 | $ 138,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 145,000 | $ 145,000 | $ 117,000 |
| Chattanooga, TN-GA | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Clarksville, TN-KY | 1 | $ 125,000 | $ 125,000 | $ 199,000 |
| Cleveland-Elyria, OH | 1 | $ 3,535,000 | $ 3,535,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 275,000 | $ 275,000 | $ 83,000 |
| Columbia, SC | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 485,000 | $ 485,000 | $ 195,000 |
| Cumberland, MD-WV | 1 | $ 125,000 | $ 125,000 | $ 34,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 2,435,000 | $ 2,435,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 155,000 | $ 155,000 | $ 55,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 235,000 | $ 235,000 | $ 93,000 |
| Eugene, OR | 1 | $ 625,000 | $ 625,000 | $ 132,000 |
| Fort Collins, CO | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Gary, IN | 1 | $ 655,000 | $ 655,000 | $ 0 |
| Grand Junction, CO | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Greenville, NC | 1 | $ 455,000 | $ 455,000 | $ 96,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Harrisonburg, VA | 1 | $ 485,000 | $ 485,000 | $ 272,000 |
| Hinesville, GA | 1 | $ 295,000 | $ 295,000 | $ 73,000 |
| Johnson City, TN | 1 | $ 235,000 | $ 235,000 | $ 75,000 |
| Kalamazoo-Portage, MI | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 615,000 | $ 615,000 | $ 66,000 |
| Lakeland-Winter Haven, FL | 1 | $ 435,000 | $ 435,000 | $ 126,000 |
| Las Cruces, NM | 1 | $ 285,000 | $ 285,000 | $ 148,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 465,000 | $ 465,000 | $ 77,000 |
| Lincoln, NE | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Memphis, TN-MS-AR | 1 | $ 605,000 | $ 605,000 | $ 398,000 |
| Michigan City-La Porte, IN | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Mobile, AL | 1 | $ 7,915,000 | $ 7,915,000 | $ 0 |
| Napa, CA | 1 | $ 705,000 | $ 705,000 | $ 363,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 605,000 | $ 605,000 | $ 202,000 |
| New Orleans-Metairie, LA | 1 | $ 585,000 | $ 585,000 | $ 170,000 |
| Norwich-New London, CT | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Oshkosh-Neenah, WI | 1 | $ 295,000 | $ 295,000 | $ 110,000 |
| Panama City, FL | 1 | $ 605,000 | $ 605,000 | $ 130,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 315,000 | $ 315,000 | $ 81,000 |
| Peoria, IL | 1 | $ 195,000 | $ 195,000 | $ 61,000 |
| Pittsburgh, PA | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Portland-South Portland, ME | 1 | $ 315,000 | $ 315,000 | $ 98,000 |
| Rockford, IL | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 155,000 | $ 155,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 355,000 | $ 355,000 | $ 147,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 255,000 | $ 255,000 | $ 67,000 |
| Spokane-Spokane Valley, WA | 1 | $ 235,000 | $ 235,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Sumter, SC | 1 | $ 375,000 | $ 375,000 | $ 148,000 |
| Tucson, AZ | 1 | $ 255,000 | $ 255,000 | $ 203,000 |
| Urban Honolulu, HI | 1 | $ 1,035,000 | $ 1,035,000 | $ 278,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,505,000 | $ 1,505,000 | $ 676,000 |
| Wilmington, NC | 1 | $ 515,000 | $ 515,000 | $ 191,000 |
Mortgage Loan Application Detail Totals for Presidential Bank, FSB in 2022
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 | 1,809 | $694,905,000 | $384,000 | $8,645,000 | $136,000 | $894,000 |
| Cash-out Refinancing | 262 | $93,110,000 | $355,000 | $6,005,000 | $141,000 | $823,000 |
| Refinancing | 246 | $107,510,000 | $437,000 | $7,915,000 | $161,000 | $2,593,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 1,379 | $523,635,000 | $379,000 | $1,555,000 | $147,000 | $2,593,000 |
| Not Provided | 383 | $125,745,000 | $328,000 | $1,595,000 | $124,000 | $894,000 |
| Black or African American | 204 | $69,020,000 | $338,000 | $1,005,000 | $127,000 | $535,000 |
| Hispanic | 149 | $52,575,000 | $352,000 | $1,365,000 | $128,000 | $867,000 |
| Asian | 100 | $38,070,000 | $380,000 | $925,000 | $126,000 | $571,000 |
| Not applicable | 90 | $81,930,000 | $910,000 | $8,645,000 | $0 | $0 |
| American Indian or Alaskan Native | 8 | $3,240,000 | $405,000 | $905,000 | $116,000 | $231,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,310,000 | $327,000 | $575,000 | $112,000 | $155,000 |
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) | 1,827 | $714,375,000 | $391,000 | $8,645,000 | $147,000 | $2,593,000 |
| FHA-insured (Federal Housing Administration) | 237 | $70,865,000 | $299,000 | $925,000 | $89,000 | $320,000 |
| VA-guaranteed (Veterans Administration) | 222 | $102,510,000 | $461,000 | $1,555,000 | $136,000 | $460,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 31 | $7,775,000 | $250,000 | $405,000 | $73,000 | $117,000 |
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 | 1,952 | $764,370,000 | $391,000 | $8,645,000 | $139,000 | $2,593,000 |
| Application Withdrawn By Applicant | 225 | $87,025,000 | $386,000 | $1,505,000 | $142,000 | $676,000 |
| Application Denied By Financial Institution | 61 | $21,575,000 | $353,000 | $1,365,000 | $133,000 | $579,000 |
| Loan Purchased By The Institution | 49 | $12,165,000 | $248,000 | $1,345,000 | $0 | $0 |
| Application Approved But Not Accepted | 17 | $5,525,000 | $325,000 | $765,000 | $199,000 | $751,000 |
| File Closed For Incompleteness | 13 | $4,865,000 | $374,000 | $815,000 | $112,000 | $183,000 |
| 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 | 2,256 | $873,950,000 | $387,000 | $8,645,000 | $139,000 | $2,593,000 |
| Collateral | 19 | $7,245,000 | $381,000 | $1,365,000 | $175,000 | $579,000 |
| Debt-To-Income Ratio | 11 | $5,105,000 | $464,000 | $1,125,000 | $116,000 | $377,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $2,770,000 | $346,000 | $795,000 | $139,000 | $297,000 |
| Credit History | 7 | $2,255,000 | $322,000 | $465,000 | $103,000 | $133,000 |
| Other | 5 | $1,045,000 | $209,000 | $375,000 | $99,000 | $156,000 |
| Employment History | 5 | $1,305,000 | $261,000 | $595,000 | $84,000 | $115,000 |
| Unverifiable Information | 4 | $1,680,000 | $420,000 | $645,000 | $172,000 | $374,000 |
| Credit Application Incomplete | 2 | $170,000 | $85,000 | $135,000 | $33,000 | $40,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Presidential Bank, FSB's 2022 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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