Lenders › Shoreham Bank › Rhode Island
Shoreham Bank in Rhode Island
HMDA record for properties in Rhode Island, calendar year 2024. National record · Rhode Island overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In Rhode Island, Shoreham Bank reported 302 applications and 205 originations for 2024, $62m in all.
Its denial rate in the state was 15.6%, below the Rhode Island rate of 25.7% across all lenders and compared with the lender's national rate of 39.6%.
The median rate spread on its Rhode Island originations was 0.5 percentage points (state median 0.3).
Applications in the state were up 6% on 2023.
Compared with the state and the lender's national record
| Measure | In Rhode Island | Rhode Island, all lenders | Shoreham Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 15.6% | 25.7% | 39.6% | 24.3% |
| Median rate spread, pp | 0.5 | 0.3 | 1.8 | 0.3 |
| Originations with spread of 1.5 pp or more | 19.5% | 13.1% | 52.2% | 15.6% |
| Average originated loan | $301k | $317k | $215k | $329k |
| Home purchase share | 61.5% | 45.1% | 37.8% | 57.0% |
| FHA-insured share | 23.4% | 12.2% | 53.4% | 13.4% |
| VA-guaranteed share | 3.9% | 3.8% | 1.5% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateRhode Island, all lenders
Loan purpose and loan type in Rhode Island
By purpose
Home purchase 61% (126)Home improvement 9% (19)Refinancing 8% (17)Cash-out refinancing 9% (18)Other purpose 12% (25)
By type
Conventional 73% (149)FHA 23% (48)VA 4% (8)
Denial reasons as coded
Share of 39 denials in Rhode Island by first denial reason coded (outlined bar: all lenders in the state).
Counties in Rhode Island
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Providence County | 151 | 98 | $27m | 19.5% |
| Kent County | 85 | 59 | $16m | 14.1% |
| Newport County | 27 | 22 | $10m | 8.0% |
| Washington County | 32 | 21 | $6.8m | 12.0% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Shoreham Bank originate in Rhode Island in 2024?
205 loans totalling $62m, from 302 applications reported for properties in Rhode Island.
What is Shoreham Bank's denial rate in Rhode Island?
15.6% of decided applications in Rhode Island were denied, against 25.7% for all lenders in the state and 39.6% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Rhode Island counties does Shoreham Bank lend in most?
By originations: Providence County (98), Kent County (59), Newport County (22), Washington County (21).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Rhode Island. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.