Butte Community Bank Mortgage Lending & HMDA Data, 2009
In 2009, Butte Community Bank of Chico, CA reported 443 mortgage applications totaling $100.6 million, up 310% from 2008. The average application was for $227,196, and applicants reported an average income of $101,695. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chico, CA (284), Yuba City, CA (55) and Redding, CA (25) (applications in parentheses).
| Mortgage Company & Address | Butte Community Bank 1360 E. Lassen Ave Chico, CA 95973 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 443 |
| Total Mortgage Loan Application Amount | $100,648,000 |
| Average Mortgage Loan Application Amount | $227,196 |
| Highest Mortgage Loan Application Amount | $2,200,000 |
| Average Applicant Income | $101,695 |
| Highest Applicant Income | $1,545,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Butte Community Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chico, CA | 284 | $ 60,117,000 | $ 211,679 | $ 92,000 |
| Yuba City, CA | 55 | $ 10,292,000 | $ 187,127 | $ 93,000 |
| Redding, CA | 25 | $ 6,414,000 | $ 256,560 | $ 194,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 10 | $ 5,511,000 | $ 551,100 | $ 178,000 |
| Fresno, CA | 6 | $ 3,143,000 | $ 523,833 | $ 247,000 |
| Vallejo-Fairfield, CA | 3 | $ 255,000 | $ 85,000 | $ 44,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 1,121,000 | $ 560,500 | $ 102,000 |
| Bakersfield, CA | 1 | $ 230,000 | $ 230,000 | $ 115,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 880,000 | $ 880,000 | $ 258,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 300,000 | $ 300,000 | $ 91,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 300,000 | $ 300,000 | $ 210,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 235,000 | $ 235,000 | $ 71,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 301,000 | $ 301,000 | $ 109,000 |
| Stockton, CA | 1 | $ 410,000 | $ 410,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for Butte Community Bank 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 | 318 | $64,792,000 | $203,000 | $518,000 | $98,000 | $1,545,000 |
| Home Purchase | 104 | $32,584,000 | $313,000 | $2,200,000 | $120,000 | $900,000 |
| Home Improvement | 21 | $3,272,000 | $155,000 | $325,000 | $67,000 | $197,000 |
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 | 371 | $83,535,000 | $225,000 | $1,222,000 | $107,000 | $1,545,000 |
| Hispanic | 22 | $3,962,000 | $180,000 | $349,000 | $71,000 | $229,000 |
| Not Provided | 15 | $2,736,000 | $182,000 | $417,000 | $92,000 | $233,000 |
| Asian | 13 | $2,924,000 | $224,000 | $415,000 | $111,000 | $307,000 |
| American Indian or Alaskan Native | 11 | $2,313,000 | $210,000 | $368,000 | $77,000 | $155,000 |
| Not applicable | 9 | $4,916,000 | $546,000 | $2,200,000 | $0 | $0 |
| Black or African American | 2 | $262,000 | $131,000 | $213,000 | $118,000 | $197,000 |
| 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) | 442 | $100,363,000 | $227,000 | $2,200,000 | $102,000 | $1,545,000 |
| FHA-insured (Federal Housing Administration) | 1 | $285,000 | $285,000 | $285,000 | $61,000 | $61,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 358 | $81,269,000 | $227,000 | $2,200,000 | $100,000 | $1,545,000 |
| Application Approved But Not Accepted | 43 | $9,036,000 | $210,000 | $417,000 | $107,000 | $599,000 |
| Application Denied By Financial Institution | 27 | $6,822,000 | $252,000 | $417,000 | $119,000 | $549,000 |
| File Closed For Incompleteness | 14 | $3,342,000 | $238,000 | $395,000 | $87,000 | $307,000 |
| Application Withdrawn By Applicant | 1 | $179,000 | $179,000 | $179,000 | $51,000 | $51,000 |
| 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 | 17 | $3,751,000 | $220,000 | $417,000 | $117,000 | $549,000 |
| Debt-To-Income Ratio | 4 | $1,437,000 | $359,000 | $417,000 | $75,000 | $149,000 |
| Other | 2 | $834,000 | $417,000 | $417,000 | $170,000 | $235,000 |
| Unverifiable Information | 2 | $210,000 | $105,000 | $110,000 | $12,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $417,000 | $417,000 | $417,000 | $517,000 | $517,000 |
| Credit History | 1 | $173,000 | $173,000 | $173,000 | $40,000 | $40,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Butte Community Bank'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 Butte Community Bank'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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with aggregated HMDA statistics today.
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