Salem Five Cents Savings Bank in Rhode Island vs the state
33.3%Denial rate+14.63 pts vs state
40.0%Decision denial rate+16.83 pts vs state
50.0%Origination rate-9.75 pts vs state
5.99%Median rate-0.76 pts vs state
-1.24Rate spread (pts)-1.43 pts vs state
$100kMedian applicant income
3Loans originated
2Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7 | 5 | 0.0% | 6.52% | #212 |
| 2024 | 5 | 3 | 20.0% | 6.74% | #247 |
| 2025 | 6 | 3 | 33.3% | 5.99% | #221 |
What Salem Five Cents Savings Bank lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Salem Five Cents Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bristol County | 2 | 1 | 1 | 50.0% |
| Newport County | 2 | 1 | 0 | 0.0% |
| Providence County | 1 | 0 | 1 | 100.0% |
| Kent County | 1 | 1 | 0 | 0.0% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 6,329 | 27.8% | 7.40% |
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| The Washington Trust Company, of Westerly | C | 1,755 | 21.9% | 6.38% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
Frequently asked questions
Rhode Island: 6 applications in 2025, of which 3 were originated and 2 denied.
33.3% of all applications, or 40.0% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Salem Five Cents Savings Bank originated in Rhode Island in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are Salem Five Cents Savings Bank's own HMDA filing for properties located in Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology