First Exchange Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
5th35.4% deniedProcesswithdrawn + incomplete share, weight 15%
20th19.8%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 310 | 201 | 15.2% | 17.5% | 5.63% | $47M |
| 2024 | 180 | 93 | 22.8% | 26.1% | — | $20M |
| 2025 | 222 | 102 | 28.4% | 35.4% | — | $23M |
What First Exchange Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 76 manufactured homes, 15 investment properties.
Who gets approved at First Exchange Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 33 | 9 | 60.0% |
| $50k – $100k | 97 | 36 | 41.3% |
| $100k – $150k | 47 | 25 | 31.7% |
| $150k – $250k | 22 | 12 | 18.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 23 | 8 | 47.4% |
| 25–34 | 60 | 21 | 53.1% |
| 35–44 | 39 | 17 | 33.3% |
| 45–54 | 37 | 19 | 32.3% |
| 55–64 | 30 | 16 | 26.1% |
| 65–74 | 20 | 8 | 15.4% |
Where First Exchange Bank lends
3 states and 24 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| West Virginia | 215 | 98 | 28.4% | — | #55 |
| Pennsylvania | 6 | 4 | 33.3% | — | #756 |
Frequently asked questions
First Exchange Bank denied 35.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 5th percentile of small mortgage lenders.
In 2025, 77% of its applications were for home purchases, 17% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.