26th Annual Mortgage Lending Study Part I: Overall Mortgage Lending in Pittsburgh in 2018 The Pittsburgh Community Reinvestment Group’s (PCRG) Annual Mortgage Lending Study provides a current portrait of mortgage lending trends in Allegheny County and the City of Pittsburgh. PCRG prepares this study using publicly available data designed to monitor the performance of financial institutions seeking to meet their community investment requirements under the Community Reinvestment Act (CRA). The goal of publishing these findings is the ensure that policy makers and community members can better access the wealth of publicly available data to better understand the state of lending in Pittsburgh. Prepared by: Alix S. Levy, Research Analyst [email protected] 1901 Centre Avenue Suite 200 Pittsburgh, PA 15219 Contents Organization History ............................................................................................................................................................................. 4 PCRG Stakeholders ............................................................................................................................................................... 5 User Guide .............................................................................................................................................................................................. 6 Data Dictionary ..................................................................................................................................................................................... 9 Total 2018 Lending Tables .................................................................................................................................................. 12 Total Mortgage Lending in 2018 ................................................................................................................................... 13 Chart 1. Total Home Loan Applications, Originations, and Denials (2009-2018)..................................................... 14 Bank Asset Size and CRA Rating ................................................................................................................................... 15 Chart 2. Bank Market Share in Allegheny County (2018)........................................................................................... 16 Chart 3. CRA Examination Final Scores and Test Scores ............................................................................................ 17 Top 15 Lenders in 2018.................................................................................................................................................... 18 Top 15 Lenders to LMI and African-American Borrowers in 2018 .............................................................................. 19 Tables for Lending by Local Banks in 2018 ....................................................................................................................... 20 Table 8. Branches and Deposits in Allegheny County and LMI and Minority Census Tracts (2018) ..................... 21 Table 9. Disposition of Loans in Allegheny County and the City of Pittsburgh (2018) ............................................ 22 Table 10. Disposition of Loans in Allegheny County (2018) ........................................................................................ 23 Table 11. Disposition of Loans in the City of Pittsburgh (2018) ................................................................................... 24 Chart 4. Loan Approval Rates in Allegheny County and the City of Pittsburgh (2018) ......................................... 25 Chart 5. Loan Denial Rates in Allegheny County and the City of Pittsburgh (2018) .............................................. 26 Table 12. Disposition of Loans in Allegheny County and the City of Pittsburgh (2018) .......................................... 27 Table 13. Disposition of Conventional and Government-Backed Loans in 2018 .................................................... 28 Chart 6. Disposition of Conventional and FHA/VA Loans, All Lenders, 2014-20181................................................. 29 Small Business Loans in Allegheny County in 2018 ...................................................................................................... 30 Table 14. Small Business Loans in Allegheny County by Lender ................................................................................ 30 Table 15. Small Business Loans in Allegheny County by Median Family Income .................................................... 30 2018 Individual Bank Reports ............................................................................................................................................. 31 All Lenders in Allegheny County ................................................................................................................................... 32 All Lenders in the City of Pittsburgh ............................................................................................................................... 33 Ameriserv Bank ................................................................................................................................................................ 35 Bank of America ............................................................................................................................................................. 38 Brentwood Bank .............................................................................................................................................................. 41 Citizens Bank ................................................................................................................................................................... 44 26th Annual Mortgage Lending Study: Part I Page 2 of 103 Community Bank ............................................................................................................................................................ 47 Compass Savings Bank .................................................................................................................................................. 50 Dollar Bank ....................................................................................................................................................................... 53 Farmers National Bank of Emlenton ............................................................................................................................. 56 First Commonwealth Bank ............................................................................................................................................. 59 First National Bank ........................................................................................................................................................... 62 Huntington National Bank .............................................................................................................................................. 65 KeyBank ........................................................................................................................................................................... 68 Mars Bank ........................................................................................................................................................................ 71 NexTier Bank .................................................................................................................................................................... 74 Northwest Bank ............................................................................................................................................................... 77 PNC Bank ......................................................................................................................................................................... 80 S&T Bank ........................................................................................................................................................................... 83 SSB Bank ........................................................................................................................................................................... 86 Sewickley Savings Bank .................................................................................................................................................. 89 Standard Bank ................................................................................................................................................................. 92 Union Savings Bank ......................................................................................................................................................... 95 WesBanco ........................................................................................................................................................................ 98 West View Savings Bank ............................................................................................................................................... 101 26th Annual Mortgage Lending Study: Part I Page 3 of 103 Organization History PCRG was organized in 1988 as a coalition of community-based organizations, advocates, and activists to provide a coordinated response to the practice of redlining - the refusal of banks to lend to certain neighborhoods and areas