Page 1

CONCENTRATION OF BANK BRANCHES AND CHECK CASHERS IN PHILADELPHIA, PA GIS Final Project

Alison Miller December 9, 2013

Photo by Ashley Gilbertson/VII


Alternative Financial Services

Mainstream Financial Services

• Check cashers, payday lenders,

• Federally insured banks

• Offer: short-term loans, bill pay,

• Offer: checking and savings

• High fees & APRs

• Fees for low-balance & overdraft,

pawnbrokers

prepaid cards, money orders

accounts, credit cards, loans

barriers to access services

Are AFS providers predatory or do they fill a void in access to financial services?


Spatial Void Hypothesis • Alternative Financial Services

tend to locate in areas where traditional banking services are underprovided.

• Lack of access = implications for financial security and stability.

14.3%

7.7%

of households in Philadelphia are unbanked

of households in the United States are unbanked

23.5%

17.9%

of households in Philadelphia are underbanked

of households in the United States are underbanked


GIS Questions To what extent to financial services in Philadelphia follow the pattern described by the spatial void hypothesis? How closely do these patterns mirror the poverty and income status of residents?

Data Sources 2011 American Community Survey FDIC Insured Institution Directory PA Registered Check Cashers City of Philadelphia Open Data


BUCKS MONTGOMERY

CHESTER

PHILADELPHIA

DELAWARE

Philadelphia, PA 5-County Region Major Roadways Interstate PA Route

US Route


BUCKS MONTGOMERY

CHESTER

PHILADELPHIA

DELAWARE

Median Income by Census Tract

$129,485 - $203,750 $96,719 - $129,485 $71,399 - $96,719 $50,000 - $71,399 $29,839 - $50,000 $0 - $29,839


!! ! !

!

!

!

!

! !

!

!

MONTGOMERY

! ! ! ! !

! ! !

!

!

!

!

!

! ! !!

!

! !

!

CHESTER

!

! !

!

!

!

! ! !

! !

! ! ! !

! !

!

! ! !

!

! !

!

!

! DELAWARE

!

!

! !!

! !!

!! ! ! ! !

!

! !!

!

! ! !!

! !!! !

!

!

!

! !

! !! ! ! ! ! ! !

! !! !

! !

!

!

!

! !

! ! ! ! !

!!

! !

! ! ! !

!

! ! ! !!

!

!

! !

! !

! ! !! ! ! ! ! ! ! ! !! ! !! ! ! ! ! !! ! ! !! ! ! ! !! ! ! ! ! ! ! ! ! ! ! !! ! ! ! ! ! !! ! ! ! ! !

!

!

!

!

!

!

! !! !

! ! ! !

!

! !

!

!

PHILADELPHIA

!

!

! !

! !

! !

! !

!

!

!

!

! ! ! !

!

! !

BUCKS

!! ! !

!

! ! !

Check Casher Locations Median Income by Census Tract

$129,485 - $203,750 $96,719 - $129,485 $71,399 - $96,719 $50,000 - $71,399 $29,839 - $50,000 $0.00 - $29,839

!


! !

!

!! ! !!

!

! !

!

MONTGOMERY!!

! ! !! !

!

!

! ! !

! !! ! !

! ! !!

!

BUCKS

!

!

! ! !! ! ! !

! ! ! ! !

!!

CHESTER !!

!

! !

!!

!!!

! ! ! !

! ! ! !! ! ! ! !

!!!

!!!

!!

! !! !! !

!

!!!

!

!!

! !!! ! ! ! !

!

!

!

!!

! !!

!

!

!!

!!

! !

! !

! !

!

! !

! !

!

!

!

! !

!

!

! !

!

! !

! !! ! !!

!!

!

!

! ! !! !!

!

! ! ! PHILADELPHIA !

!!

! ! !

!

!

!

! !

!

! !!

!

!

!

!

! ! ! !! ! !!! ! !

! !

!

!

!

!

!

! ! !

! !

!

! !

!

! ! !! ! !!

!! !!

!

!

!

!!

! DELAWARE

! !! !!! ! !

!

!!

! !! !

!

!

! ! ! !

! ! ! !! !!! !!

!

!

!!

!

!! !!!

!

!

!

!

!

!

!!

!

! !

! !! ! !

! !

!

! ! !

! !

!

! !

!

!

!

! !!!!

!!

!

!

! !

! ! ! !

!!

!

!

!! !! ! ! ! !! ! ! !

!!! !!

!

!

!

! !!! !

!

!! !

!

!

! !! !!! ! !!! !! ! ! !! ! !! ! !! ! ! !!!! !! ! ! !!!! !! !! !!! !!!! !! ! !! ! ! ! !! ! !! ! ! ! ! ! ! !! ! ! !! ! !! ! !! ! !! ! ! ! ! ! ! ! ! !!

!

!

! !

!

!

! !! ! !

!

! ! !

!! ! ! ! ! ! ! ! ! ! ! !

!! !

!

!

!

!

! ! ! !

!

!

! !

!

! !! !

!

!

!

!

! !!

!

!

!! !

! !!

!!

! !

! !

!!!

! !!

!

!

!

!

!

!

! ! ! ! !! ! !! ! ! !

!

Bank Branch Locations

Median Income by Census Tract

$129,485 - $203,750 $96,719 - $129,485 $71,399 - $96,719 $50,000 - $71,399 $29,839 - $50,000 $0.00 - $29,839

!


BUCKS MONTGOMERY

CHESTER

PHILADELPHIA

DELAWARE

h H ig

Lo w

Bank Branch Density


BUCKS MONTGOMERY

CHESTER

PHILADELPHIA

DELAWARE

h H ig

Lo w

Check Casher Density


BUCKS

BUCKS

MONTGOMERY

MONTGOMERY

PHILADELPHIA

PHILADELPHIA

DELAWARE

H ig h

w

Check Casher Density

Lo

H ig h

w

Bank Branch Density

Lo

DELAWARE


BUCKS

4.92

MONTGOMERY

7.18 4

7.07

CHESTER

2.5

2.5

1

1.76

PHILADELPHIA 0.27

1.06 1 3.12

0.79

9.63

DELAWARE

Ratio of Bank Branches to Check Casher Locations 0.3

0.45

1.5

0.4 - 0.5 0.6 - 1.1 1.2 - 2.0 2.1 - 5.0

5.1 - 10.0


BUCKS

BUCKS

MONTGOMERY

MONTGOMERY

PHILADELPHIA

PHILADELPHIA

Ratio of Bank Branches to Check Casher Locations

Poverty Status by Census Tract

DELAWARE

0% - 6%

7% - 13%

14% - 22% 23% - 32% 33% - 46% 47% - 81%

DELAWARE

0.3

0.4 - 0.5 0.6 - 1.1 1.2 - 2.0 2.1 - 5.0

5.1 - 10.0

Concentration of Bank Branches and Check Cashers in Philadelphia, PA  

Fall 2013 GIS Final Project by Alison Miller