Bank of Commerce Mortgage Lending & HMDA Data, 2008

In 2008, Bank of Commerce of Chelsea, OK reported 874 mortgage applications totaling $216.7 million, down 4% from 2007. The average application was for $247,889, and applicants reported an average income of $90,494. 12% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Tulsa, OK (132), Oklahoma City, OK (57) and Atlanta-Sandy Springs-Marietta, GA (34) (applications in parentheses).

Mortgage Company & Address Bank of Commerce
Po Box 29
Chelsea, OK 74016
Tel #: available with data download
Federal Regulator * available with data download
Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 874
Total Mortgage Loan Application Amount $216,655,000
Average Mortgage Loan Application Amount $247,889
Highest Mortgage Loan Application Amount $1,950,000
Average Applicant Income $90,494
Highest Applicant Income $2,000,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Commerce filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Bank of Commerce by Metropolitan Area in 2008

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Tulsa, OK 132 $ 18,856,000 $ 142,848 $ 62,000
Oklahoma City, OK 57 $ 9,614,000 $ 168,666 $ 92,000
Atlanta-Sandy Springs-Marietta, GA 34 $ 8,994,000 $ 264,529 $ 99,000
New York-White Plains-Wayne, NY-NJ 27 $ 10,399,000 $ 385,148 $ 99,925
Washington-Arlington-Alexandria, DC-VA-MD-WV 21 $ 8,777,000 $ 417,952 $ 82,857
Edison-New Brunswick, NJ 18 $ 5,884,000 $ 326,888 $ 65,000
Nashville-Davidson--Murfreesboro--Franklin, TN 17 $ 3,914,000 $ 230,235 $ 68,000
Nassau-Suffolk, NY 16 $ 6,115,000 $ 382,187 $ 90,000
Philadelphia, PA 15 $ 4,024,000 $ 268,266 $ 61,000
Memphis, TN-MS-AR 13 $ 3,039,000 $ 233,769 $ 82,000
Phoenix-Mesa-Scottsdale, AZ 12 $ 3,856,000 $ 321,333 $ 161,000
Newark-Union, NJ-PA 11 $ 4,450,000 $ 404,545 $ 137,000
Virginia Beach-Norfolk-Newport News, VA-NC 11 $ 2,834,000 $ 257,636 $ 82,000
Houston-Sugar Land-Baytown, TX 10 $ 3,042,000 $ 304,200 $ 128,000
Kansas City, MO-KS 10 $ 2,809,000 $ 280,900 $ 135,000
Chicago-Naperville-Joliet, IL 9 $ 3,944,000 $ 438,222 $ 116,000
Little Rock-North Little Rock-Conway, AR 9 $ 1,820,000 $ 202,222 $ 86,000
Dallas-Plano-Irving, TX 8 $ 2,809,000 $ 351,125 $ 109,000
Fayetteville-Springdale-Rogers, AR-MO 8 $ 1,839,000 $ 229,875 $ 54,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 8 $ 1,722,000 $ 215,250 $ 68,000
Minneapolis-St. Paul-Bloomington, MN-WI 8 $ 2,402,000 $ 300,250 $ 168,000
Albuquerque, NM 7 $ 1,718,000 $ 245,428 $ 75,000
Charlotte-Gastonia-Concord, NC-SC 7 $ 1,743,000 $ 249,000 $ 77,000
Austin-Round Rock, TX 6 $ 1,988,000 $ 331,333 $ 137,000
Camden, NJ 6 $ 1,340,000 $ 223,333 $ 57,000
Knoxville, TN 6 $ 1,697,000 $ 282,833 $ 104,000
Los Angeles-Long Beach-Glendale, CA 6 $ 2,015,000 $ 335,833 $ 238,000
Raleigh-Cary, NC 6 $ 1,632,000 $ 272,000 $ 64,000
Cincinnati-Middletown, OH-KY-IN 5 $ 931,000 $ 186,200 $ 92,000
Hartford-West Hartford-East Hartford, CT 5 $ 1,016,000 $ 203,200 $ 56,000
Las Vegas-Paradise, NV 5 $ 2,422,000 $ 484,400 $ 161,000
Miami-Miami Beach-Kendall, FL 5 $ 1,306,000 $ 261,200 $ 81,000
New Orleans-Metairie-Kenner, LA 5 $ 1,282,000 $ 256,400 $ 72,000
Tampa-St. Petersburg-Clearwater, FL 5 $ 2,184,000 $ 436,800 $ 563,000
Albany-Schenectady-Troy, NY 4 $ 710,000 $ 177,500 $ 93,000
Clarksville, TN-KY 4 $ 888,000 $ 222,000 $ 94,000
Cleveland-Elyria-Mentor, OH 4 $ 440,000 $ 110,000 $ 82,000
Denver-Aurora, CO 4 $ 877,000 $ 219,250 $ 143,000
Greensboro-High Point, NC 4 $ 723,000 $ 180,750 $ 82,000
Greenville-Mauldin-Easley, SC 4 $ 1,109,000 $ 277,250 $ 82,000
Huntsville, AL 4 $ 1,006,000 $ 251,500 $ 102,000
Jefferson City, MO 4 $ 556,000 $ 139,000 $ 40,000
Mobile, AL 4 $ 919,000 $ 229,750 $ 82,000
Provo-Orem, UT 4 $ 3,057,000 $ 764,250 $ 239,000
Salt Lake City, UT 4 $ 1,888,000 $ 472,000 $ 117,000
San Antonio, TX 4 $ 946,000 $ 236,500 $ 69,000
San Diego-Carlsbad-San Marcos, CA 4 $ 1,217,000 $ 304,250 $ 43,000
Allentown-Bethlehem-Easton, PA-NJ 3 $ 643,000 $ 214,333 $ 51,000
Atlantic City-Hammonton, NJ 3 $ 2,012,000 $ 670,666 $ 36,000
Baltimore-Towson, MD 3 $ 940,000 $ 313,333 $ 114,000
Bridgeport-Stamford-Norwalk, CT 3 $ 1,031,000 $ 343,666 $ 101,000
Chattanooga, TN-GA 3 $ 802,000 $ 267,333 $ 79,000
Columbia, SC 3 $ 428,000 $ 142,666 $ 62,000
Flagstaff, AZ 3 $ 1,610,000 $ 536,666 $ 33,000
Fort Worth-Arlington, TX 3 $ 372,000 $ 124,000 $ 49,000
Louisville-Jefferson County, KY-IN 3 $ 1,680,000 $ 560,000 $ 227,000
Morristown, TN 3 $ 765,000 $ 255,000 $ 67,000
Orlando-Kissimmee, FL 3 $ 1,425,000 $ 475,000 $ 157,000
Palm Bay-Melbourne-Titusville, FL 3 $ 711,000 $ 237,000 $ 69,000
Pittsburgh, PA 3 $ 571,000 $ 190,333 $ 111,000
Poughkeepsie-Newburgh-Middletown, NY 3 $ 936,000 $ 312,000 $ 107,000
Reading, PA 3 $ 633,000 $ 211,000 $ 60,000
Richmond, VA 3 $ 826,000 $ 275,333 $ 87,000
Rochester, MN 3 $ 981,000 $ 327,000 $ 140,000
Rockingham County-Strafford County, NH 3 $ 831,000 $ 277,000 $ 93,000
Sacramento--Arden-Arcade--Roseville, CA 3 $ 1,094,000 $ 364,666 $ 103,000
St. Louis, MO-IL 3 $ 263,000 $ 87,666 $ 36,000
Tucson, AZ 3 $ 772,000 $ 257,333 $ 61,000
West Palm Beach-Boca Raton-Boynton Beach, FL 3 $ 535,000 $ 178,333 $ 64,000
Wichita, KS 3 $ 337,000 $ 112,333 $ 80,000
Akron, OH 2 $ 492,000 $ 246,000 $ 52,000
Asheville, NC 2 $ 232,000 $ 116,000 $ 34,000
Birmingham-Hoover, AL 2 $ 230,000 $ 115,000 $ 40,000
Boise City-Nampa, ID 2 $ 299,000 $ 149,500 $ 41,000
Cambridge-Newton-Framingham, MA 2 $ 595,000 $ 297,500 $ 94,000
Cape Coral-Fort Myers, FL 2 $ 274,000 $ 137,000 $ 90,000
Cleveland, TN 2 $ 582,000 $ 291,000 $ 30,000
Dover, DE 2 $ 393,000 $ 196,500 $ 30,000
Florence-Muscle Shoals, AL 2 $ 472,000 $ 236,000 $ 37,000
Gadsden, AL 2 $ 323,000 $ 161,500 $ 44,000
Hickory-Lenoir-Morganton, NC 2 $ 921,000 $ 460,500 $ 115,000
Indianapolis-Carmel, IN 2 $ 1,669,000 $ 834,500 $ 451,000
Jacksonville, FL 2 $ 1,017,000 $ 508,500 $ 128,000
Lakeland-Winter Haven, FL 2 $ 300,000 $ 150,000 $ 33,000
Lubbock, TX 2 $ 240,000 $ 120,000 $ 53,000
Manchester-Nashua, NH 2 $ 350,000 $ 175,000 $ 48,000
Milwaukee-Waukesha-West Allis, WI 2 $ 378,000 $ 189,000 $ 50,000
Montgomery, AL 2 $ 665,000 $ 332,500 $ 40,000
Oxnard-Thousand Oaks-Ventura, CA 2 $ 1,072,000 $ 536,000 $ 153,000
Prescott, AZ 2 $ 253,000 $ 126,500 $ 42,000
Providence-New Bedford-Fall River, RI-MA 2 $ 487,000 $ 243,500 $ 62,000
Santa Ana-Anaheim-Irvine, CA 2 $ 793,000 $ 396,500 $ 37,000
Sherman-Denison, TX 2 $ 182,000 $ 91,000 $ 91,000
Spartanburg, SC 2 $ 459,000 $ 229,500 $ 62,000
Vineland-Millville-Bridgeton, NJ 2 $ 470,000 $ 235,000 $ 43,000
Wilmington, NC 2 $ 312,000 $ 156,000 $ 78,000
Ann Arbor, MI 1 $ 268,000 $ 268,000 $ 97,000
Anniston-Oxford, AL 1 $ 355,000 $ 355,000 $ 150,000
Augusta-Richmond County, GA-SC 1 $ 78,000 $ 78,000 $ 94,000
Bangor, ME 1 $ 119,000 $ 119,000 $ 0
Barnstable Town, MA 1 $ 257,000 $ 257,000 $ 206,000
Bethesda-Frederick-Gaithersburg, MD 1 $ 360,000 $ 360,000 $ 95,000
Buffalo-Niagara Falls, NY 1 $ 87,000 $ 87,000 $ 30,000
Charleston, WV 1 $ 417,000 $ 417,000 $ 137,000
Charleston-North Charleston-Summerville, SC 1 $ 417,000 $ 417,000 $ 90,000
Charlottesville, VA 1 $ 88,000 $ 88,000 $ 71,000
Columbus, GA-AL 1 $ 30,000 $ 30,000 $ 0
Columbus, OH 1 $ 96,000 $ 96,000 $ 0
Corpus Christi, TX 1 $ 119,000 $ 119,000 $ 35,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 172,000 $ 172,000 $ 0
Detroit-Livonia-Dearborn, MI 1 $ 49,000 $ 49,000 $ 21,000
Durham, NC 1 $ 175,000 $ 175,000 $ 0
Eau Claire, WI 1 $ 400,000 $ 400,000 $ 464,000
Eugene-Springfield, OR 1 $ 219,000 $ 219,000 $ 113,000
Fayetteville, NC 1 $ 102,000 $ 102,000 $ 105,000
Florence, SC 1 $ 245,000 $ 245,000 $ 0
Fort Collins-Loveland, CO 1 $ 212,000 $ 212,000 $ 47,000
Fort Smith, AR-OK 1 $ 294,000 $ 294,000 $ 150,000
Gary, IN 1 $ 108,000 $ 108,000 $ 60,000
Jackson, MS 1 $ 170,000 $ 170,000 $ 400,000
Jacksonville, NC 1 $ 207,000 $ 207,000 $ 100,000
Johnson City, TN 1 $ 403,000 $ 403,000 $ 96,000
Kalamazoo-Portage, MI 1 $ 155,000 $ 155,000 $ 65,000
Killeen-Temple-Fort Hood, TX 1 $ 204,000 $ 204,000 $ 0
Kingston, NY 1 $ 324,000 $ 324,000 $ 60,000
Lake Havasu City-Kingman, AZ 1 $ 220,000 $ 220,000 $ 64,000
Mount Vernon-Anacortes, WA 1 $ 280,000 $ 280,000 $ 66,000
Muskegon-Norton Shores, MI 1 $ 119,000 $ 119,000 $ 46,000
Myrtle Beach-North Myrtle Beach-Conway, SC 1 $ 1,200,000 $ 1,200,000 $ 619,000
New Haven-Milford, CT 1 $ 360,000 $ 360,000 $ 94,000
Ocala, FL 1 $ 91,000 $ 91,000 $ 28,000
Ocean City, NJ 1 $ 176,000 $ 176,000 $ 75,000
Ogden-Clearfield, UT 1 $ 160,000 $ 160,000 $ 41,000
Panama City-Lynn Haven, FL 1 $ 360,000 $ 360,000 $ 0
Peabody, MA 1 $ 416,000 $ 416,000 $ 144,000
Pensacola-Ferry Pass-Brent, FL 1 $ 307,000 $ 307,000 $ 62,000
Portland-South Portland-Biddeford, ME 1 $ 112,000 $ 112,000 $ 103,000
Punta Gorda, FL 1 $ 100,000 $ 100,000 $ 55,000
Racine, WI 1 $ 200,000 $ 200,000 $ 57,000
Salisbury, MD 1 $ 300,000 $ 300,000 $ 612,000
San Francisco-San Mateo-Redwood City, CA 1 $ 563,000 $ 563,000 $ 348,000
San Jose-Sunnyvale-Santa Clara, CA 1 $ 322,000 $ 322,000 $ 171,000
Scranton--Wilkes-Barre, PA 1 $ 120,000 $ 120,000 $ 35,000
Seattle-Bellevue-Everett, WA 1 $ 390,000 $ 390,000 $ 62,000
Spokane, WA 1 $ 247,000 $ 247,000 $ 102,000
Springfield, MO 1 $ 114,000 $ 114,000 $ 52,000
Springfield, OH 1 $ 184,000 $ 184,000 $ 36,000
Terre Haute, IN 1 $ 215,000 $ 215,000 $ 76,000
Toledo, OH 1 $ 238,000 $ 238,000 $ 66,000
Trenton-Ewing, NJ 1 $ 395,000 $ 395,000 $ 105,000
Utica-Rome, NY 1 $ 155,000 $ 155,000 $ 53,000
Vallejo-Fairfield, CA 1 $ 150,000 $ 150,000 $ 62,000
Warren-Troy-Farmington Hills, MI 1 $ 145,000 $ 145,000 $ 38,000
Wilmington, DE-MD-NJ 1 $ 189,000 $ 189,000 $ 98,000
Winston-Salem, NC 1 $ 377,000 $ 377,000 $ 122,000
Worcester, MA 1 $ 299,000 $ 299,000 $ 116,000
Yuba City, CA 1 $ 176,000 $ 176,000 $ 0

Mortgage Loan Application Detail Totals for Bank of Commerce in 2008

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
Refinancing 653 $164,275,000 $251,000 $1,911,000 $84,000 $847,000
Home Purchase 211 $51,280,000 $243,000 $1,950,000 $110,000 $2,000,000
Home Improvement 10 $1,100,000 $110,000 $650,000 $103,000 $594,000

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 429 $103,661,000 $241,000 $1,950,000 $103,000 $2,000,000
Not Provided 283 $78,208,000 $276,000 $1,500,000 $78,000 $758,000
Black or African American 56 $11,152,000 $199,000 $765,000 $88,000 $540,000
Hispanic 39 $8,393,000 $215,000 $443,000 $63,000 $133,000
Asian 33 $9,525,000 $288,000 $1,200,000 $101,000 $469,000
American Indian or Alaskan Native 19 $2,392,000 $125,000 $417,000 $90,000 $400,000
Not applicable 15 $3,324,000 $221,000 $1,911,000 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $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) 789 $204,369,000 $259,000 $1,950,000 $94,000 $2,000,000
FHA-insured (Federal Housing Administration) 79 $11,123,000 $140,000 $440,000 $53,000 $185,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $577,000 $144,000 $215,000 $58,000 $76,000
VA-guaranteed (Veterans Administration) 2 $586,000 $293,000 $363,000 $63,000 $82,000

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
Application Withdrawn By Applicant 556 $150,527,000 $270,000 $1,950,000 $96,000 $2,000,000
Application Denied By Financial Institution 205 $50,655,000 $247,000 $1,400,000 $87,000 $805,000
Loan Originated 107 $13,771,000 $128,000 $1,911,000 $66,000 $594,000
Application Approved But Not Accepted 3 $620,000 $206,000 $300,000 $96,000 $163,000
File Closed For Incompleteness 3 $1,082,000 $360,000 $495,000 $121,000 $180,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 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 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Commerce's 2008 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 Commerce'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.
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