Primis Bank Mortgage Lending & HMDA Data, 2022

In 2022, Primis Bank of Glen Allen, VA reported 489 mortgage applications totaling $197.4 million, up 15% from 2021. The average application was for $403,629, and applicants reported an average income of $206,124. 44% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Richmond, VA (126), Virginia Beach-Norfolk-Newport News, VA-NC (81) and Washington-Arlington-Alexandria, DC-VA-MD-WV (28) (applications in parentheses).

Mortgage Company & Address Primis Bank
10900 Nuckols Road Suite 325 Glen Allen
Glen Allen, VA 23060
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  2010  2009  
Total Number of Mortgage Applications 489
Total Mortgage Loan Application Amount $197,375,000
Average Mortgage Loan Application Amount $403,629
Highest Mortgage Loan Application Amount $8,155,000
Average Applicant Income $206,124
Highest Applicant Income $5,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Primis Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Primis Bank by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Northumberland, Virginia 51 $ 5,125,000 $ 100,490 $ 75,000
Dare, North Carolina 33 $ 24,295,000 $ 736,212 $ 264,000
Hanover, Virginia 30 $ 5,350,000 $ 178,333 $ 106,000
Chesterfield, Virginia 25 $ 6,235,000 $ 249,400 $ 182,000
Middlesex, Virginia 25 $ 5,035,000 $ 201,400 $ 142,000
Virginia Beach, Virginia 24 $ 20,990,000 $ 874,583 $ 461,000
Essex, Virginia 21 $ 1,415,000 $ 67,380 $ 100,000
Henrico, Virginia 19 $ 3,575,000 $ 188,157 $ 110,000
Richmond City, Virginia 18 $ 15,190,000 $ 843,888 $ 197,000
Gloucester, Virginia 13 $ 1,515,000 $ 116,538 $ 115,000
Charleston, South Carolina 10 $ 12,880,000 $ 1,288,000 $ 766,000
Lancaster, Virginia 10 $ 1,860,000 $ 186,000 $ 204,000
Currituck, North Carolina 9 $ 5,765,000 $ 640,555 $ 282,000
Fairfax, Virginia 9 $ 2,655,000 $ 295,000 $ 344,000
Brunswick, North Carolina 8 $ 5,560,000 $ 695,000 $ 257,000
New Kent, Virginia 7 $ 625,000 $ 89,285 $ 145,000
Howard, Maryland 6 $ 4,100,000 $ 683,333 $ 275,000
New Hanover, North Carolina 6 $ 5,910,000 $ 985,000 $ 289,000
King and Queen, Virginia 6 $ 560,000 $ 93,333 $ 84,000
Newport News, Virginia 6 $ 600,000 $ 100,000 $ 57,000
Westmoreland, Virginia 6 $ 680,000 $ 113,333 $ 133,000
St. Johns, Florida 5 $ 2,675,000 $ 535,000 $ 153,000
Chesapeake, Virginia 5 $ 3,245,000 $ 649,000 $ 318,000
King William, Virginia 5 $ 365,000 $ 73,000 $ 78,000
Richmond, Virginia 5 $ 285,000 $ 57,000 $ 207,000
Southampton, Virginia 5 $ 255,000 $ 51,000 $ 78,000
Suffolk, Virginia 5 $ 1,135,000 $ 227,000 $ 88,000
Surry, Virginia 5 $ 325,000 $ 65,000 $ 113,000
District of Columbia, District Of Columbia 4 $ 9,350,000 $ 2,337,500 $ 426,000
Hopewell, Virginia 4 $ 400,000 $ 100,000 $ 0
Louisa, Virginia 4 $ 310,000 $ 77,500 $ 96,000
Norfolk, Virginia 4 $ 2,740,000 $ 685,000 $ 150,000
Orange, Florida 3 $ 1,185,000 $ 395,000 $ 107,000
Baltimore, Maryland 3 $ 3,245,000 $ 1,081,666 $ 436,000
Baltimore City, Maryland 3 $ 4,945,000 $ 1,648,333 $ 436,000
Calvert, Maryland 3 $ 385,000 $ 128,333 $ 77,000
Prince George's, Maryland 3 $ 355,000 $ 118,333 $ 249,000
Caroline, Virginia 3 $ 105,000 $ 35,000 $ 44,000
Charles City, Virginia 3 $ 1,085,000 $ 361,666 $ 692,000
Fauquier, Virginia 3 $ 2,515,000 $ 838,333 $ 380,000
Sussex, Virginia 3 $ 325,000 $ 108,333 $ 173,000
Broward, Florida 2 $ 1,690,000 $ 845,000 $ 411,000
DeKalb, Georgia 2 $ 1,120,000 $ 560,000 $ 216,000
Garrett, Maryland 2 $ 940,000 $ 470,000 $ 311,000
Montgomery, Maryland 2 $ 2,410,000 $ 1,205,000 $ 286,000
Mecklenburg, North Carolina 2 $ 1,220,000 $ 610,000 $ 143,000
Pender, North Carolina 2 $ 1,090,000 $ 545,000 $ 276,000
Watauga, North Carolina 2 $ 790,000 $ 395,000 $ 166,000
York, Pennsylvania 2 $ 420,000 $ 210,000 $ 231,000
Colonial Heights, Virginia 2 $ 410,000 $ 205,000 $ 62,000
Goochland, Virginia 2 $ 290,000 $ 145,000 $ 137,000
Isle of Wight, Virginia 2 $ 290,000 $ 145,000 $ 181,000
James City, Virginia 2 $ 360,000 $ 180,000 $ 62,000
Loudoun, Virginia 2 $ 1,060,000 $ 530,000 $ 112,000
Nelson, Virginia 2 $ 500,000 $ 250,000 $ 234,000
Portsmouth, Virginia 2 $ 250,000 $ 125,000 $ 0
Stafford, Virginia 2 $ 660,000 $ 330,000 $ 0
York, Virginia 2 $ 660,000 $ 330,000 $ 392,000
Collier, Florida 1 $ 505,000 $ 505,000 $ 215,000
Escambia, Florida 1 $ 285,000 $ 285,000 $ 143,000
Lee, Florida 1 $ 215,000 $ 215,000 $ 713,000
Manatee, Florida 1 $ 485,000 $ 485,000 $ 356,000
Miami-Dade, Florida 1 $ 1,055,000 $ 1,055,000 $ 275,000
Nassau, Florida 1 $ 325,000 $ 325,000 $ 70,000
Osceola, Florida 1 $ 625,000 $ 625,000 $ 430,000
Sarasota, Florida 1 $ 735,000 $ 735,000 $ 154,000
Marion, Indiana 1 $ 235,000 $ 235,000 $ 61,000
Anne Arundel, Maryland 1 $ 2,005,000 $ 2,005,000 $ 492,000
Talbot, Maryland 1 $ 435,000 $ 435,000 $ 242,000
Cabarrus, North Carolina 1 $ 735,000 $ 735,000 $ 320,000
Cumberland, North Carolina 1 $ 435,000 $ 435,000 $ 333,000
Harnett, North Carolina 1 $ 385,000 $ 385,000 $ 110,000
Lincoln, North Carolina 1 $ 915,000 $ 915,000 $ 178,000
McDowell, North Carolina 1 $ 705,000 $ 705,000 $ 434,000
Onslow, North Carolina 1 $ 315,000 $ 315,000 $ 329,000
Orange, North Carolina 1 $ 885,000 $ 885,000 $ 115,000
Union, North Carolina 1 $ 355,000 $ 355,000 $ 153,000
Somerset, Pennsylvania 1 $ 65,000 $ 65,000 $ 174,000
Beaufort, South Carolina 1 $ 1,305,000 $ 1,305,000 $ 458,000
Marion, Tennessee 1 $ 615,000 $ 615,000 $ 256,000
Sevier, Tennessee 1 $ 1,005,000 $ 1,005,000 $ 408,000
Albemarle, Virginia 1 $ 435,000 $ 435,000 $ 133,000
Arlington, Virginia 1 $ 1,045,000 $ 1,045,000 $ 330,000
Bath, Virginia 1 $ 125,000 $ 125,000 $ 76,000
Bedford, Virginia 1 $ 255,000 $ 255,000 $ 379,000
Hampton, Virginia 1 $ 125,000 $ 125,000 $ 0
Mathews, Virginia 1 $ 35,000 $ 35,000 $ 7,000
Petersburg, Virginia 1 $ 25,000 $ 25,000 $ 148,000
Powhatan, Virginia 1 $ 85,000 $ 85,000 $ 180,000
Prince William, Virginia 1 $ 645,000 $ 645,000 $ 24,000
Roanoke, Virginia 1 $ 335,000 $ 335,000 $ 115,000
Shenandoah, Virginia 1 $ 45,000 $ 45,000 $ 0
Winchester, Virginia 1 $ 285,000 $ 285,000 $ 0

Mortgage Loan Application Detail Totals for Primis 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 181 $126,675,000 $699,000 $8,155,000 $252,000 $751,000
Refinancing 136 $48,870,000 $359,000 $6,885,000 $212,000 $5,500,000
Home Improvement 91 $10,135,000 $111,000 $805,000 $161,000 $804,000
Other Purpose 80 $10,700,000 $133,000 $435,000 $144,000 $1,994,000
Cash-out Refinancing 1 $995,000 $995,000 $995,000 $180,000 $180,000
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 342 $127,120,000 $371,000 $6,885,000 $205,000 $5,500,000
Not Provided 58 $23,730,000 $409,000 $1,435,000 $253,000 $1,994,000
Not applicable 29 $26,845,000 $925,000 $8,155,000 $0 $0
Black or African American 27 $3,585,000 $132,000 $925,000 $114,000 $572,000
Asian 20 $11,880,000 $594,000 $2,005,000 $184,000 $594,000
Hispanic 6 $1,550,000 $258,000 $585,000 $178,000 $329,000
American Indian or Alaskan Native 3 $415,000 $138,000 $385,000 $69,000 $153,000
Native Hawaiian or Other Pacific Islander 1 $225,000 $225,000 $225,000 $103,000 $103,000

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) 489 $197,375,000 $403,000 $8,155,000 $204,000 $5,500,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
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 217 $44,155,000 $203,000 $8,155,000 $146,000 $1,994,000
Loan Purchased By The Institution 184 $133,620,000 $726,000 $6,885,000 $285,000 $5,500,000
Application Denied By Financial Institution 73 $17,285,000 $236,000 $5,855,000 $165,000 $3,536,000
Application Approved But Not Accepted 9 $965,000 $107,000 $405,000 $92,000 $165,000
Application Withdrawn By Applicant 6 $1,350,000 $225,000 $805,000 $156,000 $468,000
File Closed For Incompleteness 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
Debt-To-Income Ratio 489 $197,375,000 $403,000 $8,155,000 $204,000 $5,500,000
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
Not applicable 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Primis 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 Primis 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.
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