Somerville Bank Mortgage Lending & HMDA Data, 2022
In 2022, Somerville Bank of Eaton, OH reported 135 mortgage applications totaling $22.2 million, down 66% from 2021. The average application was for $164,555, and applicants reported an average income of $94,177. 84% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Cincinnati, OH-KY-IN (61), Dayton-Springfield-Kettering, OH (9) and Indianapolis-Carmel-Anderson, IN (1) (applications in parentheses).
| Mortgage Company & Address | Somerville Bank 197 North South Main Street Eaton, OH 45320 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 135 |
| Total Mortgage Loan Application Amount | $22,215,000 |
| Average Mortgage Loan Application Amount | $164,555 |
| Highest Mortgage Loan Application Amount | $1,105,000 |
| Average Applicant Income | $94,177 |
| Highest Applicant Income | $1,386,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Somerville Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Somerville Bank 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 | 70 | $12,720,000 | $181,000 | $1,105,000 | $99,000 | $1,386,000 |
| Cash-out Refinancing | 44 | $6,260,000 | $142,000 | $395,000 | $99,000 | $894,000 |
| Refinancing | 21 | $3,235,000 | $154,000 | $405,000 | $68,000 | $116,000 |
| 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 | 121 | $19,545,000 | $161,000 | $1,105,000 | $92,000 | $1,386,000 |
| Not applicable | 7 | $1,165,000 | $166,000 | $405,000 | $0 | $0 |
| Asian | 3 | $585,000 | $195,000 | $255,000 | $112,000 | $180,000 |
| Hispanic | 1 | $455,000 | $455,000 | $455,000 | $285,000 | $285,000 |
| Not Provided | 1 | $265,000 | $265,000 | $265,000 | $108,000 | $108,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 127 | $20,825,000 | $163,000 | $1,105,000 | $97,000 | $1,386,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $1,000,000 | $166,000 | $315,000 | $54,000 | $73,000 |
| FHA-insured (Federal Housing Administration) | 2 | $390,000 | $195,000 | $275,000 | $60,000 | $85,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 113 | $19,275,000 | $170,000 | $1,105,000 | $99,000 | $1,386,000 |
| Application Approved But Not Accepted | 13 | $1,795,000 | $138,000 | $375,000 | $77,000 | $181,000 |
| Application Denied By Financial Institution | 8 | $1,020,000 | $127,000 | $315,000 | $65,000 | $246,000 |
| Application Withdrawn By Applicant | 1 | $125,000 | $125,000 | $125,000 | $37,000 | $37,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 127 | $21,195,000 | $166,000 | $1,105,000 | $96,000 | $1,386,000 |
| Credit History | 4 | $230,000 | $57,000 | $95,000 | $25,000 | $30,000 |
| Debt-To-Income Ratio | 3 | $565,000 | $188,000 | $315,000 | $116,000 | $246,000 |
| Unverifiable Information | 1 | $225,000 | $225,000 | $225,000 | $72,000 | $72,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Somerville Bank'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 Somerville Bank'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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