Bank of Arizona Mortgage Lending & HMDA Data, 2010
In 2010, Bank of Arizona of Tulsa, OK reported 1,431 mortgage applications totaling $373.3 million, up 14% from 2009. The average application was for $260,849, and applicants reported an average income of $188,195. 58% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Phoenix-Mesa-Glendale, AZ (969), Tucson, AZ (191) and Flagstaff, AZ (32) (applications in parentheses).
| Mortgage Company & Address | Bank of Arizona P. O. Box 2300 Tulsa, OK 74102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 1,431 |
| Total Mortgage Loan Application Amount | $373,276,000 |
| Average Mortgage Loan Application Amount | $260,849 |
| Highest Mortgage Loan Application Amount | $3,060,000 |
| Average Applicant Income | $188,195 |
| Highest Applicant Income | $7,479,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Arizona filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Maricopa, Arizona | 928 | $ 255,637,000 | $ 275,470 | $ 198,000 |
| Pima, Arizona | 191 | $ 39,919,000 | $ 209,000 | $ 123,000 |
| Graham, Arizona | 52 | $ 6,528,000 | $ 125,538 | $ 54,000 |
| Pinal, Arizona | 41 | $ 3,545,000 | $ 86,463 | $ 83,000 |
| Coconino, Arizona | 32 | $ 10,719,000 | $ 334,968 | $ 417,000 |
| Cochise, Arizona | 21 | $ 2,458,000 | $ 117,047 | $ 55,000 |
| Yuma, Arizona | 13 | $ 1,558,000 | $ 119,846 | $ 37,000 |
| Yavapai, Arizona | 11 | $ 2,658,000 | $ 241,636 | $ 161,000 |
| Navajo, Arizona | 9 | $ 2,168,000 | $ 240,888 | $ 250,000 |
| San Diego, California | 8 | $ 6,073,000 | $ 759,125 | $ 438,000 |
| Greenlee, Arizona | 4 | $ 435,000 | $ 108,750 | $ 50,000 |
| Santa Cruz, Arizona | 4 | $ 694,000 | $ 173,500 | $ 81,000 |
| Los Angeles, California | 4 | $ 4,739,000 | $ 1,184,750 | $ 1,379,000 |
| Orange, California | 4 | $ 7,611,000 | $ 1,902,750 | $ 2,006,000 |
| Bernalillo, New Mexico | 4 | $ 880,000 | $ 220,000 | $ 139,000 |
| Mohave, Arizona | 3 | $ 590,000 | $ 196,666 | $ 95,000 |
| Arapahoe, Colorado | 3 | $ 845,000 | $ 281,666 | $ 231,000 |
| Eagle, Colorado | 3 | $ 1,564,000 | $ 521,333 | $ 435,000 |
| Gila, Arizona | 2 | $ 621,000 | $ 310,500 | $ 763,000 |
| San Miguel, Colorado | 2 | $ 2,056,000 | $ 1,028,000 | $ 711,000 |
| Ada, Idaho | 2 | $ 658,000 | $ 329,000 | $ 82,000 |
| Douglas, Kansas | 2 | $ 333,000 | $ 166,500 | $ 275,000 |
| Montgomery, Texas | 2 | $ 244,000 | $ 122,000 | $ 218,000 |
| Dane, Wisconsin | 2 | $ 528,000 | $ 264,000 | $ 106,000 |
| Apache, Arizona | 1 | $ 352,000 | $ 352,000 | $ 176,000 |
| Kern, California | 1 | $ 172,000 | $ 172,000 | $ 57,000 |
| Riverside, California | 1 | $ 145,000 | $ 145,000 | $ 41,000 |
| Denver, Colorado | 1 | $ 417,000 | $ 417,000 | $ 214,000 |
| Douglas, Colorado | 1 | $ 137,000 | $ 137,000 | $ 210,000 |
| Grand, Colorado | 1 | $ 377,000 | $ 377,000 | $ 1,058,000 |
| Jefferson, Colorado | 1 | $ 128,000 | $ 128,000 | $ 64,000 |
| La Plata, Colorado | 1 | $ 738,000 | $ 738,000 | $ 208,000 |
| Pitkin, Colorado | 1 | $ 2,000,000 | $ 2,000,000 | $ 909,000 |
| Maui, Hawaii | 1 | $ 620,000 | $ 620,000 | $ 306,000 |
| Boone, Illinois | 1 | $ 62,000 | $ 62,000 | $ 101,000 |
| Johnson, Kansas | 1 | $ 209,000 | $ 209,000 | $ 155,000 |
| St. Louis, Missouri | 1 | $ 130,000 | $ 130,000 | $ 29,000 |
| Flathead, Montana | 1 | $ 417,000 | $ 417,000 | $ 333,000 |
| Dona Ana, New Mexico | 1 | $ 252,000 | $ 252,000 | $ 231,000 |
| Grant, New Mexico | 1 | $ 113,000 | $ 113,000 | $ 0 |
| Oklahoma, Oklahoma | 1 | $ 101,000 | $ 101,000 | $ 71,000 |
| Clackamas, Oregon | 1 | $ 127,000 | $ 127,000 | $ 56,000 |
| Collin, Texas | 1 | $ 221,000 | $ 221,000 | $ 180,000 |
| Harris, Texas | 1 | $ 240,000 | $ 240,000 | $ 258,000 |
| Hays, Texas | 1 | $ 417,000 | $ 417,000 | $ 402,000 |
| Hidalgo, Texas | 1 | $ 197,000 | $ 197,000 | $ 285,000 |
| Tarrant, Texas | 1 | $ 216,000 | $ 216,000 | $ 144,000 |
| King, Washington | 1 | $ 270,000 | $ 270,000 | $ 96,000 |
| Columbia, Wisconsin | 1 | $ 200,000 | $ 200,000 | $ 222,000 |
| Fond du Lac, Wisconsin | 1 | $ 370,000 | $ 370,000 | $ 277,000 |
| Green Lake, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 60,000 |
| Park, Wyoming | 1 | $ 173,000 | $ 173,000 | $ 400,000 |
Mortgage Loan Application Detail Totals for Bank of Arizona in 2010
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 672 | $158,325,000 | $235,000 | $3,060,000 | $159,000 | $6,503,000 |
| Refinancing | 578 | $205,266,000 | $355,000 | $2,900,000 | $246,000 | $7,479,000 |
| Home Improvement | 181 | $9,685,000 | $53,000 | $417,000 | $112,000 | $591,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,130 | $315,257,000 | $278,000 | $2,900,000 | $204,000 | $7,479,000 |
| Hispanic | 160 | $21,540,000 | $134,000 | $417,000 | $71,000 | $508,000 |
| Not Provided | 80 | $25,066,000 | $313,000 | $3,060,000 | $255,000 | $5,535,000 |
| Asian | 36 | $6,965,000 | $193,000 | $638,000 | $136,000 | $559,000 |
| Black or African American | 16 | $2,681,000 | $167,000 | $431,000 | $77,000 | $177,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $374,000 | $93,000 | $175,000 | $102,000 | $154,000 |
| American Indian or Alaskan Native | 4 | $1,253,000 | $313,000 | $680,000 | $234,000 | $435,000 |
| Not applicable | 1 | $140,000 | $140,000 | $140,000 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,037 | $308,914,000 | $297,000 | $3,060,000 | $235,000 | $7,479,000 |
| FHA-insured (Federal Housing Administration) | 334 | $52,964,000 | $158,000 | $354,000 | $67,000 | $1,124,000 |
| VA-guaranteed (Veterans Administration) | 48 | $9,644,000 | $200,000 | $431,000 | $67,000 | $172,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 12 | $1,754,000 | $146,000 | $254,000 | $45,000 | $70,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 831 | $197,130,000 | $237,000 | $2,000,000 | $188,000 | $7,479,000 |
| Application Denied By Financial Institution | 310 | $86,971,000 | $280,000 | $3,060,000 | $195,000 | $5,535,000 |
| Application Withdrawn By Applicant | 115 | $41,191,000 | $358,000 | $2,000,000 | $193,000 | $1,000,000 |
| File Closed For Incompleteness | 79 | $26,001,000 | $329,000 | $2,000,000 | $200,000 | $1,106,000 |
| Preapproval Denied by Financial Institution | 56 | $11,339,000 | $202,000 | $675,000 | $105,000 | $511,000 |
| Application Approved But Not Accepted | 40 | $10,644,000 | $266,000 | $1,960,000 | $216,000 | $1,253,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 110 | $39,783,000 | $361,000 | $3,060,000 | $301,000 | $5,535,000 |
| Credit History | 94 | $15,445,000 | $164,000 | $2,363,000 | $114,000 | $2,056,000 |
| Debt-To-Income Ratio | 76 | $19,280,000 | $253,000 | $2,900,000 | $101,000 | $660,000 |
| Credit Application Incomplete | 50 | $13,031,000 | $260,000 | $900,000 | $155,000 | $768,000 |
| Other | 22 | $6,613,000 | $300,000 | $1,850,000 | $258,000 | $970,000 |
| Unverifiable Information | 5 | $1,342,000 | $268,000 | $700,000 | $178,000 | $442,000 |
| Employment History | 5 | $692,000 | $138,000 | $238,000 | $53,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $2,124,000 | $531,000 | $860,000 | $106,000 | $193,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Arizona's 2010 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Bank of Arizona's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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