Townebank Mortgage Lending & HMDA Data, 2013

In 2013, Townebank of Portsmouth, VA reported 7,665 mortgage applications totaling $1.6 billion, up 15% from 2012. The average application was for $212,333, and applicants reported an average income of $89,254. 84% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (3,995), Richmond, VA (1,138) and Raleigh-Cary, NC (633) (applications in parentheses).

Mortgage Company & Address Townebank
5716 High Street West
Portsmouth, VA 23703
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 7,665
Total Mortgage Loan Application Amount $1,627,538,000
Average Mortgage Loan Application Amount $212,333
Highest Mortgage Loan Application Amount $5,600,000
Average Applicant Income $89,254
Highest Applicant Income $4,192,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Townebank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Townebank by County in 2013

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Virginia Beach, Virginia 1,189 $ 314,016,000 $ 264,100 $ 110,000
Chesapeake, Virginia 649 $ 151,412,000 $ 233,300 $ 82,000
Wake, North Carolina 530 $ 111,703,000 $ 210,760 $ 94,000
Henrico, Virginia 466 $ 87,448,000 $ 187,656 $ 71,000
Norfolk, Virginia 423 $ 92,261,000 $ 218,111 $ 83,000
Suffolk, Virginia 354 $ 82,551,000 $ 233,194 $ 92,000
Portsmouth, Virginia 290 $ 41,461,000 $ 142,968 $ 55,000
Chesterfield, Virginia 253 $ 42,419,000 $ 167,664 $ 64,000
James City, Virginia 244 $ 63,167,000 $ 258,881 $ 109,000
Lancaster, Pennsylvania 243 $ 37,851,000 $ 155,765 $ 71,000
York, Pennsylvania 240 $ 35,291,000 $ 147,045 $ 71,000
Currituck, North Carolina 200 $ 57,514,000 $ 287,570 $ 151,000
Dare, North Carolina 182 $ 58,577,000 $ 321,851 $ 180,000
Newport News, Virginia 179 $ 27,678,000 $ 154,625 $ 66,000
Hampton, Virginia 177 $ 27,772,000 $ 156,903 $ 63,000
Hanover, Virginia 136 $ 27,705,000 $ 203,713 $ 78,000
Richmond City, Virginia 125 $ 21,728,000 $ 173,824 $ 75,000
York, Virginia 125 $ 31,383,000 $ 251,064 $ 109,000
Durham, North Carolina 97 $ 17,497,000 $ 180,381 $ 79,000
Isle of Wight, Virginia 90 $ 22,417,000 $ 249,077 $ 98,000
Berks, Pennsylvania 80 $ 13,949,000 $ 174,362 $ 80,000
Pasquotank, North Carolina 70 $ 9,930,000 $ 141,857 $ 65,000
Johnston, North Carolina 68 $ 11,551,000 $ 169,867 $ 65,000
Franklin, Pennsylvania 64 $ 9,828,000 $ 153,562 $ 61,000
Orange, North Carolina 62 $ 13,471,000 $ 217,274 $ 102,000
Rockingham, Virginia 53 $ 9,012,000 $ 170,037 $ 78,000
Adams, Pennsylvania 52 $ 8,533,000 $ 164,096 $ 72,000
Lebanon, Pennsylvania 50 $ 7,567,000 $ 151,340 $ 69,000
Dauphin, Pennsylvania 44 $ 6,720,000 $ 152,727 $ 73,000
Cumberland, Pennsylvania 39 $ 6,762,000 $ 173,384 $ 75,000
Schuylkill, Pennsylvania 36 $ 3,129,000 $ 86,916 $ 56,000
Franklin, North Carolina 35 $ 6,904,000 $ 197,257 $ 76,000
Roanoke, Virginia 35 $ 6,427,000 $ 183,628 $ 65,000
Albemarle, Virginia 34 $ 9,923,000 $ 291,852 $ 116,000
Gloucester, Virginia 27 $ 9,673,000 $ 358,259 $ 135,000
Alamance, North Carolina 25 $ 2,609,000 $ 104,360 $ 51,000
Camden, North Carolina 25 $ 4,809,000 $ 192,360 $ 85,000
Chatham, North Carolina 24 $ 6,242,000 $ 260,083 $ 99,000
Louisa, Virginia 24 $ 3,560,000 $ 148,333 $ 53,000
Montgomery, Virginia 24 $ 4,461,000 $ 185,875 $ 79,000
Granville, North Carolina 22 $ 3,927,000 $ 178,500 $ 96,000
Goochland, Virginia 22 $ 6,505,000 $ 295,681 $ 119,000
New Kent, Virginia 22 $ 5,374,000 $ 244,272 $ 87,000
Roanoke City, Virginia 18 $ 2,628,000 $ 146,000 $ 57,000
Poquoson, Virginia 17 $ 4,611,000 $ 271,235 $ 107,000
Williamsburg, Virginia 17 $ 4,136,000 $ 243,294 $ 88,000
Perquimans, North Carolina 15 $ 2,170,000 $ 144,666 $ 82,000
Charlottesville, Virginia 15 $ 3,088,000 $ 205,866 $ 93,000
Greene, Virginia 15 $ 3,629,000 $ 241,933 $ 98,000
Caroline, Virginia 14 $ 1,616,000 $ 115,428 $ 54,000
Fairfax, Virginia 14 $ 7,011,000 $ 500,785 $ 167,000
Fluvanna, Virginia 14 $ 2,679,000 $ 191,357 $ 78,000
Powhatan, Virginia 14 $ 2,904,000 $ 207,428 $ 86,000
Augusta, Virginia 12 $ 2,046,000 $ 170,500 $ 69,000
King William, Virginia 12 $ 1,695,000 $ 141,250 $ 60,000
Harnett, North Carolina 10 $ 1,242,000 $ 124,200 $ 53,000
New Hanover, North Carolina 10 $ 1,443,000 $ 144,300 $ 75,000
Dinwiddie, Virginia 10 $ 1,287,000 $ 128,700 $ 40,000
Harrisonburg, Virginia 10 $ 1,960,000 $ 196,000 $ 52,000
Guilford, North Carolina 9 $ 1,592,000 $ 176,888 $ 92,000
Colonial Heights, Virginia 9 $ 1,674,000 $ 186,000 $ 117,000
Salem, Virginia 9 $ 1,489,000 $ 165,444 $ 64,000
Southampton, Virginia 9 $ 1,152,000 $ 128,000 $ 60,000
Chowan, North Carolina 8 $ 1,059,000 $ 132,375 $ 52,000
Botetourt, Virginia 8 $ 1,342,000 $ 167,750 $ 61,000
Franklin, Virginia 8 $ 1,449,000 $ 181,125 $ 91,000
Hopewell, Virginia 8 $ 815,000 $ 101,875 $ 45,000
Petersburg, Virginia 8 $ 633,000 $ 79,125 $ 39,000
Shenandoah, Virginia 8 $ 1,326,000 $ 165,750 $ 76,000
Surry, Virginia 8 $ 1,183,000 $ 147,875 $ 39,000
Franklin City, Virginia 7 $ 1,279,000 $ 182,714 $ 52,000
Warren, North Carolina 6 $ 2,163,000 $ 360,500 $ 126,000
Mathews, Virginia 6 $ 1,857,000 $ 309,500 $ 188,000
Prince William, Virginia 6 $ 1,259,000 $ 209,833 $ 81,000
Brunswick, North Carolina 5 $ 1,303,000 $ 260,600 $ 182,000
Gates, North Carolina 5 $ 1,113,000 $ 222,600 $ 78,000
Nash, North Carolina 5 $ 731,000 $ 146,200 $ 64,000
Pitt, North Carolina 5 $ 544,000 $ 108,800 $ 50,000
Montgomery, Pennsylvania 5 $ 1,124,000 $ 224,800 $ 91,000
Charleston, South Carolina 5 $ 1,012,000 $ 202,400 $ 14,000
Amelia, Virginia 5 $ 834,000 $ 166,800 $ 77,000
Campbell, Virginia 5 $ 506,000 $ 101,200 $ 10,000
Northampton, Virginia 5 $ 1,977,000 $ 395,400 $ 314,000
Page, Virginia 5 $ 720,000 $ 144,000 $ 93,000
Prince George, Virginia 5 $ 791,000 $ 158,200 $ 42,000
Bertie, North Carolina 4 $ 706,000 $ 176,500 $ 120,000
Bedford, Virginia 4 $ 751,000 $ 187,750 $ 70,000
Floyd, Virginia 4 $ 692,000 $ 173,000 $ 77,000
Spotsylvania, Virginia 4 $ 741,000 $ 185,250 $ 78,000
Buncombe, North Carolina 3 $ 465,000 $ 155,000 $ 39,000
Carteret, North Carolina 3 $ 940,000 $ 313,333 $ 274,000
Hyde, North Carolina 3 $ 595,000 $ 198,333 $ 771,000
Person, North Carolina 3 $ 404,000 $ 134,666 $ 100,000
Perry, Pennsylvania 3 $ 351,000 $ 117,000 $ 38,000
Fauquier, Virginia 3 $ 951,000 $ 317,000 $ 66,000
Giles, Virginia 3 $ 619,000 $ 206,333 $ 89,000
King George, Virginia 3 $ 783,000 $ 261,000 $ 86,000
Loudoun, Virginia 3 $ 1,042,000 $ 347,333 $ 116,000
Lynchburg, Virginia 3 $ 333,000 $ 111,000 $ 22,000
Prince Edward, Virginia 3 $ 401,000 $ 133,666 $ 31,000
Pulaski, Virginia 3 $ 393,000 $ 131,000 $ 59,000
Stafford, Virginia 3 $ 663,000 $ 221,000 $ 74,000
Staunton, Virginia 3 $ 370,000 $ 123,333 $ 71,000
Sussex, Virginia 3 $ 660,000 $ 220,000 $ 40,000
Beaufort, North Carolina 2 $ 421,000 $ 210,500 $ 221,000
Cumberland, North Carolina 2 $ 348,000 $ 174,000 $ 56,000
Forsyth, North Carolina 2 $ 179,000 $ 89,500 $ 32,000
Gaston, North Carolina 2 $ 250,000 $ 125,000 $ 45,000
Halifax, North Carolina 2 $ 445,000 $ 222,500 $ 369,000
Moore, North Carolina 2 $ 364,000 $ 182,000 $ 29,000
Northampton, North Carolina 2 $ 622,000 $ 311,000 $ 330,000
Vance, North Carolina 2 $ 231,000 $ 115,500 $ 52,000
Watauga, North Carolina 2 $ 560,000 $ 280,000 $ 177,000
Wilson, North Carolina 2 $ 104,000 $ 52,000 $ 28,000
Chester, Pennsylvania 2 $ 595,000 $ 297,500 $ 105,000
Accomack, Virginia 2 $ 574,000 $ 287,000 $ 147,000
Brunswick, Virginia 2 $ 645,000 $ 322,500 $ 348,000
Charles City, Virginia 2 $ 314,000 $ 157,000 $ 24,000
Essex, Virginia 2 $ 307,000 $ 153,500 $ 60,000
Lancaster, Virginia 2 $ 649,000 $ 324,500 $ 331,000
Middlesex, Virginia 2 $ 361,000 $ 180,500 $ 56,000
Nelson, Virginia 2 $ 578,000 $ 289,000 $ 133,000
Northumberland, Virginia 2 $ 529,000 $ 264,500 $ 146,000
Eagle, Colorado 1 $ 455,000 $ 455,000 $ 1,263,000
Pitkin, Colorado 1 $ 1,382,000 $ 1,382,000 $ 841,000
District of Columbia, District Of Columbia 1 $ 227,000 $ 227,000 $ 69,000
Hendry, Florida 1 $ 157,000 $ 157,000 $ 56,000
Indian River, Florida 1 $ 98,000 $ 98,000 $ 149,000
Lake, Florida 1 $ 95,000 $ 95,000 $ 0
Miami-Dade, Florida 1 $ 199,000 $ 199,000 $ 0
Sumter, Florida 1 $ 200,000 $ 200,000 $ 156,000
Carroll, Georgia 1 $ 108,000 $ 108,000 $ 180,000
Chatham, Georgia 1 $ 124,000 $ 124,000 $ 113,000
Cobb, Georgia 1 $ 274,000 $ 274,000 $ 84,000
Cook, Illinois 1 $ 240,000 $ 240,000 $ 377,000
Monmouth, New Jersey 1 $ 204,000 $ 204,000 $ 0
Bladen, North Carolina 1 $ 51,000 $ 51,000 $ 0
Caldwell, North Carolina 1 $ 95,000 $ 95,000 $ 40,000
Davidson, North Carolina 1 $ 138,000 $ 138,000 $ 0
Davie, North Carolina 1 $ 225,000 $ 225,000 $ 85,000
Edgecombe, North Carolina 1 $ 170,000 $ 170,000 $ 130,000
Hertford, North Carolina 1 $ 88,000 $ 88,000 $ 48,000
Iredell, North Carolina 1 $ 296,000 $ 296,000 $ 53,000
Lee, North Carolina 1 $ 102,000 $ 102,000 $ 92,000
Macon, North Carolina 1 $ 163,000 $ 163,000 $ 0
Mecklenburg, North Carolina 1 $ 283,000 $ 283,000 $ 0
Onslow, North Carolina 1 $ 96,000 $ 96,000 $ 25,000
Pender, North Carolina 1 $ 400,000 $ 400,000 $ 87,000
Rockingham, North Carolina 1 $ 281,000 $ 281,000 $ 0
Union, North Carolina 1 $ 155,000 $ 155,000 $ 83,000
Washington, North Carolina 1 $ 67,000 $ 67,000 $ 52,000
Wayne, North Carolina 1 $ 194,000 $ 194,000 $ 72,000
Bucks, Pennsylvania 1 $ 358,000 $ 358,000 $ 92,000
Centre, Pennsylvania 1 $ 173,000 $ 173,000 $ 229,000
Lehigh, Pennsylvania 1 $ 110,000 $ 110,000 $ 78,000
Northampton, Pennsylvania 1 $ 147,000 $ 147,000 $ 0
Philadelphia, Pennsylvania 1 $ 210,000 $ 210,000 $ 65,000
Richland, South Carolina 1 $ 117,000 $ 117,000 $ 0
Alexandria, Virginia 1 $ 219,000 $ 219,000 $ 80,000
Alleghany, Virginia 1 $ 83,000 $ 83,000 $ 55,000
Amherst, Virginia 1 $ 36,000 $ 36,000 $ 0
Craig, Virginia 1 $ 172,000 $ 172,000 $ 106,000
Halifax, Virginia 1 $ 113,000 $ 113,000 $ 94,000
Orange, Virginia 1 $ 295,000 $ 295,000 $ 57,000
Smyth, Virginia 1 $ 128,000 $ 128,000 $ 30,000
Washington, Virginia 1 $ 100,000 $ 100,000 $ 45,000
Waynesboro, Virginia 1 $ 191,000 $ 191,000 $ 95,000
Westmoreland, Virginia 1 $ 133,000 $ 133,000 $ 33,000
Snohomish, Washington 1 $ 247,000 $ 247,000 $ 0
Greenbrier, West Virginia 1 $ 212,000 $ 212,000 $ 228,000
Morgan, West Virginia 1 $ 202,000 $ 202,000 $ 54,000

Mortgage Loan Application Detail Totals for Townebank in 2013

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 5,910 $1,210,773,000 $204,000 $3,900,000 $86,000 $1,559,000
Refinancing 1,569 $388,981,000 $247,000 $5,600,000 $100,000 $4,192,000
Home Improvement 186 $27,784,000 $149,000 $1,518,000 $102,000 $910,000

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 5,843 $1,254,304,000 $214,000 $2,800,000 $95,000 $4,192,000
Black or African American 845 $148,567,000 $175,000 $794,000 $65,000 $1,371,000
Not Provided 318 $86,332,000 $271,000 $5,600,000 $116,000 $1,554,000
Hispanic 242 $41,095,000 $169,000 $686,000 $74,000 $1,548,000
Asian 192 $43,710,000 $227,000 $1,350,000 $93,000 $719,000
Not applicable 185 $42,727,000 $230,000 $3,900,000 $1,000 $304,000
Native Hawaiian or Other Pacific Islander 29 $8,768,000 $302,000 $1,643,000 $71,000 $268,000
American Indian or Alaskan Native 11 $2,035,000 $185,000 $344,000 $98,000 $375,000

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) 4,230 $921,113,000 $217,000 $5,600,000 $110,000 $4,192,000
FHA-insured (Federal Housing Administration) 1,737 $294,481,000 $169,000 $743,000 $56,000 $447,000
VA-guaranteed (Veterans Administration) 1,379 $362,165,000 $262,000 $2,000,000 $77,000 $928,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 319 $49,779,000 $156,000 $378,000 $49,000 $99,000

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 6,470 $1,377,043,000 $212,000 $5,600,000 $89,000 $4,192,000
Application Withdrawn By Applicant 612 $133,111,000 $217,000 $1,350,000 $98,000 $1,142,000
Application Denied By Financial Institution 487 $96,823,000 $198,000 $2,000,000 $76,000 $928,000
File Closed For Incompleteness 65 $12,593,000 $193,000 $725,000 $99,000 $856,000
Application Approved But Not Accepted 28 $6,842,000 $244,000 $1,229,000 $156,000 $871,000
Loan Purchased By The Institution 3 $1,126,000 $375,000 $1,043,000 $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
Collateral 140 $29,614,000 $211,000 $1,840,000 $89,000 $426,000
Debt-To-Income Ratio 135 $26,949,000 $199,000 $998,000 $60,000 $258,000
Credit History 76 $12,216,000 $160,000 $1,382,000 $72,000 $841,000
Other 70 $15,869,000 $226,000 $2,000,000 $95,000 $928,000
Employment History 30 $5,377,000 $179,000 $545,000 $55,000 $276,000
Insufficient Cash (Downpayment, Closing Cost) 23 $3,503,000 $152,000 $400,000 $65,000 $231,000
Unverifiable Information 11 $2,920,000 $265,000 $414,000 $100,000 $195,000
Mortgage Insurance Denied 1 $75,000 $75,000 $75,000 $125,000 $125,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Townebank's 2013 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 Townebank'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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