PlainLender

First State Bank

Winchester, OH

First State Bank processed 573 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 427 loans with a 13.4% denial rate. Home Purchase was the primary loan purpose. Based in Winchester, OH. The approval rate of 74.5% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. First State Bank processed 573 HMDA-reported mortgage applications in 2024, originating 427 loans and denying 77 for a denial rate of 13.4% (applicants themselves withdrew 57 files before a decision). The average loan amount was $403,674 at a 7.870% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 54930065TMWOWFAXBL88 from Winchester, OH.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First State Bank's 74.5% origination rate tells you how often an application turned into funded money; the 13.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (573 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

573
Applications
427
Originated
13.4%
Denial Rate
$403,674
Avg Loan Amount
Avg Interest Rate: 7.870% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 573 427 77 $403,674

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for First State Bank (LEI: 54930065TMWOWFAXBL88) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
48
Debt-to-income ratio
36
Collateral
11
Other
8
Employment history
4
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 226 173 $224,912
Home Improvement 135 102 $1,135,889
Cash-out Refinancing 107 72 $165,935
Other 86 63 $83,256
Refinancing 19 17 $116,579

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 488 74.2% 14.3%
Black or African American 11 63.6% 27.3%
Joint 2 50.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 496 74.2% 14.3%
Hispanic or Latino 4 25.0% 50.0%
Joint 2 100.0% 0.0%

Nearby Lenders in OH

Other HMDA-reporting lenders in OH with similar activity. Compare any two side-by-side.

US BANK, N.A.

CINCINNATI, OH

202,480 apps 74,512 originated 26.8% denied

CROSSCOUNTRY MORTGAGE, LLC

Cleveland, OH

157,258 apps 101,894 originated 2.4% denied

JPMorgan Chase Bank, NA

Columbus, OH

150,113 apps 80,744 originated 8.1% denied

Huntington National Bank

Columbus, OH

99,675 apps 52,025 originated 28.8% denied

Fifth Third Bank, National Association

Cincinnati, OH

64,220 apps 30,494 originated 23.9% denied
Compare First State Bank vs US BANK, N.A. →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did First State Bank process?
First State Bank processed 573 mortgage applications in the 2023 HMDA reporting year. Of these, 427 were originated (approved and funded), 57 were withdrawn by the applicant, and 77 were denied.
What is First State Bank's mortgage approval rate?
First State Bank has an approval (origination) rate of 74.5%, meaning 74.5% of all applications resulted in a funded mortgage. The denial rate is 13.4%.
What is the average loan amount at First State Bank?
The average mortgage loan amount at First State Bank is $403,674. The average interest rate is 7.870%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at First State Bank?
The most common reasons for mortgage denial at First State Bank are: Credit history, Debt-to-income ratio, Collateral. In total, 77 applications were denied out of 573 total applications.
What types of mortgage loans does First State Bank offer?
First State Bank processes Conventional loans. The most common type is Conventional with 573 applications and an average loan amount of $403,674.
What loan purposes does First State Bank serve?
First State Bank serves the following loan purposes: Home Purchase (226 applications), Home Improvement (135 applications), Cash-out Refinancing (107 applications), Other (86 applications), Refinancing (19 applications). Home Purchase is the most common purpose.
Where is First State Bank located?
First State Bank is headquartered in Winchester, OH. The lender is identified by LEI 54930065TMWOWFAXBL88 in HMDA data.
How does First State Bank compare in lending across racial demographics?
First State Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.2% and denial rate of 14.3%; Black or African American applicants have an approval rate of 63.6% and denial rate of 27.3%; Joint applicants have an approval rate of 50.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.