Bank of Commerce Mortgage Lending & HMDA Data, 2009
In 2009, Bank of Commerce of Chelsea, OK reported 766 mortgage applications totaling $136.5 million, down 12% from 2008. The average application was for $178,241, and applicants reported an average income of $102,540. 38% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Tulsa, OK (197), Oklahoma City, OK (136) and Houston-Sugar Land-Baytown, TX (19) (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 | 766 |
| Total Mortgage Loan Application Amount | $136,533,000 |
| Average Mortgage Loan Application Amount | $178,241 |
| Highest Mortgage Loan Application Amount | $1,540,000 |
| Average Applicant Income | $102,540 |
| Highest Applicant Income | $9,000,000 |
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Act (HMDA) records Bank of Commerce filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 197 | $ 22,629,000 | $ 114,868 | $ 62,000 |
| Oklahoma City, OK | 136 | $ 19,101,000 | $ 140,448 | $ 69,000 |
| Houston-Sugar Land-Baytown, TX | 19 | $ 4,092,000 | $ 215,368 | $ 178,000 |
| New York-White Plains-Wayne, NY-NJ | 16 | $ 5,414,000 | $ 338,375 | $ 99,750 |
| Las Vegas-Paradise, NV | 11 | $ 3,333,000 | $ 303,000 | $ 193,000 |
| Asheville, NC | 10 | $ 2,145,000 | $ 214,500 | $ 112,000 |
| Dallas-Plano-Irving, TX | 9 | $ 1,879,000 | $ 208,777 | $ 104,000 |
| Pittsburgh, PA | 9 | $ 1,808,000 | $ 200,888 | $ 123,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 2,697,000 | $ 337,125 | $ 149,625 |
| Phoenix-Mesa-Scottsdale, AZ | 7 | $ 1,874,000 | $ 267,714 | $ 209,000 |
| Fort Worth-Arlington, TX | 6 | $ 813,000 | $ 135,500 | $ 61,000 |
| Philadelphia, PA | 6 | $ 1,159,000 | $ 193,166 | $ 126,000 |
| San Diego-Carlsbad-San Marcos, CA | 6 | $ 1,232,000 | $ 205,333 | $ 71,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 1,316,000 | $ 263,200 | $ 93,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 823,000 | $ 164,600 | $ 74,000 |
| Austin-Round Rock, TX | 4 | $ 2,347,000 | $ 586,750 | $ 191,000 |
| Birmingham-Hoover, AL | 4 | $ 521,000 | $ 130,250 | $ 70,000 |
| Boise City-Nampa, ID | 4 | $ 929,000 | $ 232,250 | $ 154,000 |
| Camden, NJ | 4 | $ 604,000 | $ 151,000 | $ 52,000 |
| Chicago-Naperville-Joliet, IL | 4 | $ 1,452,000 | $ 363,000 | $ 142,000 |
| Kalamazoo-Portage, MI | 4 | $ 406,000 | $ 101,500 | $ 36,000 |
| Manchester-Nashua, NH | 4 | $ 494,000 | $ 123,500 | $ 55,000 |
| Salt Lake City, UT | 4 | $ 909,000 | $ 227,250 | $ 181,000 |
| Tucson, AZ | 4 | $ 895,000 | $ 223,750 | $ 128,000 |
| Albuquerque, NM | 3 | $ 541,000 | $ 180,333 | $ 77,000 |
| Bakersfield, CA | 3 | $ 853,000 | $ 284,333 | $ 228,000 |
| Cincinnati-Middletown, OH-KY-IN | 3 | $ 580,000 | $ 193,333 | $ 30,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 3 | $ 692,000 | $ 230,666 | $ 216,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 1,563,000 | $ 521,000 | $ 3,081,000 |
| Fresno, CA | 3 | $ 959,000 | $ 319,666 | $ 184,000 |
| Greensboro-High Point, NC | 3 | $ 756,000 | $ 252,000 | $ 244,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 652,000 | $ 217,333 | $ 89,000 |
| Honolulu, HI | 3 | $ 3,057,000 | $ 1,019,000 | $ 180,000 |
| Jacksonville, FL | 3 | $ 465,000 | $ 155,000 | $ 62,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 795,000 | $ 265,000 | $ 47,000 |
| Memphis, TN-MS-AR | 3 | $ 310,000 | $ 103,333 | $ 23,000 |
| Newark-Union, NJ-PA | 3 | $ 756,000 | $ 252,000 | $ 34,000 |
| Oakland-Fremont-Hayward, CA | 3 | $ 882,000 | $ 294,000 | $ 129,000 |
| Omaha-Council Bluffs, NE-IA | 3 | $ 660,000 | $ 220,000 | $ 125,000 |
| St. Louis, MO-IL | 3 | $ 849,000 | $ 283,000 | $ 151,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 645,000 | $ 215,000 | $ 79,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 605,000 | $ 201,666 | $ 149,000 |
| Appleton, WI | 2 | $ 442,000 | $ 221,000 | $ 118,000 |
| Bowling Green, KY | 2 | $ 230,000 | $ 115,000 | $ 57,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 739,000 | $ 369,500 | $ 72,000 |
| Canton-Massillon, OH | 2 | $ 90,000 | $ 45,000 | $ 8,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 101,000 | $ 50,500 | $ 42,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 300,000 | $ 150,000 | $ 91,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 90,000 | $ 45,000 | $ 20,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 131,000 | $ 65,500 | $ 79,000 |
| Colorado Springs, CO | 2 | $ 580,000 | $ 290,000 | $ 91,000 |
| Denver-Aurora-Broomfield, CO | 2 | $ 560,000 | $ 280,000 | $ 148,000 |
| Dover, DE | 2 | $ 395,000 | $ 197,500 | $ 57,000 |
| Edison-New Brunswick, NJ | 2 | $ 821,000 | $ 410,500 | $ 221,000 |
| Flagstaff, AZ | 2 | $ 307,000 | $ 153,500 | $ 150,000 |
| Gary, IN | 2 | $ 616,000 | $ 308,000 | $ 350,000 |
| Jefferson City, MO | 2 | $ 388,000 | $ 194,000 | $ 68,000 |
| Kansas City, MO-KS | 2 | $ 484,000 | $ 242,000 | $ 148,000 |
| New Haven-Milford, CT | 2 | $ 414,000 | $ 207,000 | $ 45,000 |
| Norwich-New London, CT | 2 | $ 401,000 | $ 200,500 | $ 41,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 316,000 | $ 158,000 | $ 15,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 1,150,000 | $ 575,000 | $ 181,000 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 1,477,000 | $ 738,500 | $ 879,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 715,000 | $ 357,500 | $ 101,000 |
| Springfield, MA | 2 | $ 304,000 | $ 152,000 | $ 32,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 87,000 | $ 87,000 | $ 30,000 |
| Alexandria, LA | 1 | $ 162,000 | $ 162,000 | $ 26,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 175,000 | $ 175,000 | $ 49,000 |
| Anchorage, AK | 1 | $ 146,000 | $ 146,000 | $ 73,000 |
| Baltimore-Towson, MD | 1 | $ 144,000 | $ 144,000 | $ 38,000 |
| Bangor, ME | 1 | $ 104,000 | $ 104,000 | $ 21,000 |
| Barnstable Town, MA | 1 | $ 281,000 | $ 281,000 | $ 92,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 112,000 | $ 112,000 | $ 134,000 |
| Brunswick, GA | 1 | $ 93,000 | $ 93,000 | $ 26,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 181,000 | $ 181,000 | $ 53,000 |
| Champaign-Urbana, IL | 1 | $ 20,000 | $ 20,000 | $ 59,000 |
| Charlottesville, VA | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 167,000 | $ 167,000 | $ 121,000 |
| El Paso, TX | 1 | $ 75,000 | $ 75,000 | $ 19,000 |
| Fort Smith, AR-OK | 1 | $ 93,000 | $ 93,000 | $ 86,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 152,000 | $ 152,000 | $ 48,000 |
| Hanford-Corcoran, CA | 1 | $ 200,000 | $ 200,000 | $ 216,000 |
| Hattiesburg, MS | 1 | $ 73,000 | $ 73,000 | $ 47,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 153,000 | $ 153,000 | $ 65,000 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 85,000 | $ 85,000 | $ 37,000 |
| Knoxville, TN | 1 | $ 368,000 | $ 368,000 | $ 81,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 106,000 | $ 106,000 | $ 69,000 |
| Lakeland-Winter Haven, FL | 1 | $ 141,000 | $ 141,000 | $ 49,000 |
| Lincoln, NE | 1 | $ 194,000 | $ 194,000 | $ 66,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 298,000 | $ 298,000 | $ 92,000 |
| Madera-Chowchilla, CA | 1 | $ 124,000 | $ 124,000 | $ 80,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 250,000 | $ 250,000 | $ 200,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 108,000 | $ 108,000 | $ 82,000 |
| Morristown, TN | 1 | $ 128,000 | $ 128,000 | $ 82,000 |
| Naples-Marco Island, FL | 1 | $ 311,000 | $ 311,000 | $ 232,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 415,000 | $ 415,000 | $ 127,000 |
| Nassau-Suffolk, NY | 1 | $ 321,000 | $ 321,000 | $ 144,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 128,000 | $ 128,000 | $ 37,000 |
| Ocean City, NJ | 1 | $ 275,000 | $ 275,000 | $ 110,000 |
| Odessa, TX | 1 | $ 54,000 | $ 54,000 | $ 94,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 237,000 | $ 237,000 | $ 89,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 127,000 | $ 127,000 | $ 45,000 |
| Pueblo, CO | 1 | $ 217,000 | $ 217,000 | $ 42,000 |
| Punta Gorda, FL | 1 | $ 250,000 | $ 250,000 | $ 180,000 |
| Raleigh-Cary, NC | 1 | $ 237,000 | $ 237,000 | $ 100,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 133,000 | $ 133,000 | $ 92,000 |
| Rochester, NY | 1 | $ 92,000 | $ 92,000 | $ 52,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 360,000 | $ 360,000 | $ 161,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 281,000 | $ 281,000 | $ 113,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 361,000 | $ 361,000 | $ 102,000 |
| Spokane, WA | 1 | $ 254,000 | $ 254,000 | $ 0 |
| Springfield, MO | 1 | $ 81,000 | $ 81,000 | $ 46,000 |
| Stockton, CA | 1 | $ 337,000 | $ 337,000 | $ 93,000 |
| Syracuse, NY | 1 | $ 71,000 | $ 71,000 | $ 79,000 |
| Tacoma, WA | 1 | $ 220,000 | $ 220,000 | $ 76,000 |
| Trenton-Ewing, NJ | 1 | $ 128,000 | $ 128,000 | $ 53,000 |
| Wichita Falls, TX | 1 | $ 127,000 | $ 127,000 | $ 57,000 |
| Wichita, KS | 1 | $ 170,000 | $ 170,000 | $ 54,000 |
| Wilmington, DE-MD-NJ | 1 | $ 303,000 | $ 303,000 | $ 155,000 |
| Winston-Salem, NC | 1 | $ 95,000 | $ 95,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Bank of Commerce in 2009
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 | 461 | $92,689,000 | $201,000 | $1,540,000 | $105,000 | $1,666,000 |
| Home Purchase | 287 | $41,294,000 | $143,000 | $791,000 | $99,000 | $9,000,000 |
| Home Improvement | 18 | $2,550,000 | $141,000 | $488,000 | $96,000 | $216,000 |
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 | 504 | $93,067,000 | $184,000 | $1,540,000 | $102,000 | $1,666,000 |
| Not Provided | 76 | $16,384,000 | $215,000 | $791,000 | $211,000 | $9,000,000 |
| Hispanic | 62 | $9,907,000 | $159,000 | $488,000 | $68,000 | $302,000 |
| Asian | 50 | $9,839,000 | $196,000 | $575,000 | $80,000 | $480,000 |
| American Indian or Alaskan Native | 29 | $2,215,000 | $76,000 | $156,000 | $50,000 | $191,000 |
| Black or African American | 25 | $2,996,000 | $119,000 | $311,000 | $55,000 | $232,000 |
| Not applicable | 18 | $1,393,000 | $77,000 | $203,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 2 | $732,000 | $366,000 | $492,000 | $57,000 | $74,000 |
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) | 547 | $107,815,000 | $197,000 | $1,540,000 | $125,000 | $9,000,000 |
| FHA-insured (Federal Housing Administration) | 179 | $22,006,000 | $122,000 | $276,000 | $44,000 | $121,000 |
| VA-guaranteed (Veterans Administration) | 37 | $6,160,000 | $166,000 | $417,000 | $58,000 | $160,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $552,000 | $184,000 | $337,000 | $53,000 | $93,000 |
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 | 328 | $64,366,000 | $196,000 | $1,470,000 | $122,000 | $9,000,000 |
| Loan Originated | 291 | $45,525,000 | $156,000 | $730,000 | $88,000 | $1,435,000 |
| Application Denied By Financial Institution | 103 | $14,945,000 | $145,000 | $900,000 | $65,000 | $311,000 |
| File Closed For Incompleteness | 44 | $11,697,000 | $265,000 | $1,540,000 | $148,000 | $858,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2009 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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