First Independent Bank Mortgage Lending & HMDA Data, 2007
In 2007, First Independent Bank of Vancouver, WA reported 536 mortgage applications totaling $129.7 million, up 425% from 2006. The average application was for $242,046, and applicants reported an average income of $122,889. 31% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Portland-Vancouver-Beaverton, OR-WA (284), Longview, WA (10) and Phoenix-Mesa-Scottsdale, AZ (7) (applications in parentheses).
| Mortgage Company & Address | First Independent Bank Po Box 8904 Vancouver, WA 98668 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 536 |
| Total Mortgage Loan Application Amount | $129,737,000 |
| Average Mortgage Loan Application Amount | $242,046 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $122,889 |
| Highest Applicant Income | $9,775,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Independent Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Portland-Vancouver-Beaverton, OR-WA | 284 | $ 67,461,000 | $ 237,538 | $ 121,669 |
| Longview, WA | 10 | $ 1,694,000 | $ 169,400 | $ 83,000 |
| Phoenix-Mesa-Scottsdale, AZ | 7 | $ 1,660,000 | $ 237,142 | $ 1,491,000 |
| Seattle-Bellevue-Everett, WA | 7 | $ 2,470,000 | $ 352,857 | $ 59,000 |
| Chicago-Naperville-Joliet, IL | 5 | $ 1,306,000 | $ 261,200 | $ 98,000 |
| Spokane, WA | 5 | $ 834,000 | $ 166,800 | $ 85,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 765,000 | $ 191,250 | $ 66,000 |
| Cleveland-Elyria-Mentor, OH | 4 | $ 891,000 | $ 222,750 | $ 165,000 |
| Oakland-Fremont-Hayward, CA | 4 | $ 2,174,000 | $ 543,500 | $ 74,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 831,000 | $ 207,750 | $ 148,000 |
| Salem, OR | 4 | $ 737,000 | $ 184,250 | $ 107,000 |
| Tacoma, WA | 4 | $ 1,348,000 | $ 337,000 | $ 100,000 |
| Greensboro-High Point, NC | 3 | $ 301,000 | $ 100,333 | $ 77,000 |
| Las Vegas-Paradise, NV | 3 | $ 805,000 | $ 268,333 | $ 166,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 1,072,000 | $ 357,333 | $ 101,000 |
| New York-White Plains-Wayne, NY-NJ | 3 | $ 988,000 | $ 329,333 | $ 91,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 1,689,000 | $ 563,000 | $ 109,000 |
| Albuquerque, NM | 2 | $ 355,000 | $ 177,500 | $ 97,000 |
| Boston-Quincy, MA | 2 | $ 1,010,000 | $ 505,000 | $ 64,000 |
| Charleston-North Charleston, SC | 2 | $ 330,000 | $ 165,000 | $ 54,000 |
| Jacksonville, FL | 2 | $ 237,000 | $ 118,500 | $ 48,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 615,000 | $ 307,500 | $ 113,000 |
| Rocky Mount, NC | 2 | $ 140,000 | $ 70,000 | $ 28,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 676,000 | $ 338,000 | $ 130,000 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 218,000 | $ 109,000 | $ 63,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 718,000 | $ 359,000 | $ 146,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 247,000 | $ 123,500 | $ 12,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 120,000 | $ 120,000 | $ 39,000 |
| Austin-Round Rock, TX | 1 | $ 120,000 | $ 120,000 | $ 28,000 |
| Barnstable Town, MA | 1 | $ 324,000 | $ 324,000 | $ 120,000 |
| Bend, OR | 1 | $ 227,000 | $ 227,000 | $ 72,000 |
| Billings, MT | 1 | $ 402,000 | $ 402,000 | $ 144,000 |
| Birmingham-Hoover, AL | 1 | $ 194,000 | $ 194,000 | $ 44,000 |
| Boise City-Nampa, ID | 1 | $ 160,000 | $ 160,000 | $ 42,000 |
| Boulder, CO | 1 | $ 335,000 | $ 335,000 | $ 75,000 |
| Bremerton-Silverdale, WA | 1 | $ 160,000 | $ 160,000 | $ 109,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Carson City, NV | 1 | $ 452,000 | $ 452,000 | $ 138,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 64,000 | $ 64,000 | $ 47,000 |
| Coeur D'Alene, ID | 1 | $ 158,000 | $ 158,000 | $ 218,000 |
| Columbus, OH | 1 | $ 146,000 | $ 146,000 | $ 45,000 |
| Dallas-Plano-Irving, TX | 1 | $ 133,000 | $ 133,000 | $ 51,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Denver-Aurora, CO | 1 | $ 160,000 | $ 160,000 | $ 191,000 |
| Edison, NJ | 1 | $ 248,000 | $ 248,000 | $ 75,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 200,000 | $ 200,000 | $ 51,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 175,000 | $ 175,000 | $ 86,000 |
| Hot Springs, AR | 1 | $ 105,000 | $ 105,000 | $ 34,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 50,000 | $ 50,000 | $ 104,000 |
| Indianapolis-Carmel, IN | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Kalamazoo-Portage, MI | 1 | $ 40,000 | $ 40,000 | $ 130,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 200,000 | $ 200,000 | $ 104,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 50,000 | $ 50,000 | $ 62,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 256,000 | $ 256,000 | $ 64,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 194,000 | $ 194,000 | $ 144,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 114,000 | $ 114,000 | $ 82,000 |
| New Haven-Milford, CT | 1 | $ 208,000 | $ 208,000 | $ 93,000 |
| Ogden-Clearfield, UT | 1 | $ 198,000 | $ 198,000 | $ 59,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 60,000 | $ 60,000 | $ 110,000 |
| Palm Coast, FL | 1 | $ 360,000 | $ 360,000 | $ 165,000 |
| Peabody, MA | 1 | $ 440,000 | $ 440,000 | $ 38,000 |
| Philadelphia, PA | 1 | $ 140,000 | $ 140,000 | $ 36,000 |
| Prescott, AZ | 1 | $ 281,000 | $ 281,000 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 190,000 | $ 190,000 | $ 49,000 |
| Reading, PA | 1 | $ 153,000 | $ 153,000 | $ 33,000 |
| Richmond, VA | 1 | $ 210,000 | $ 210,000 | $ 79,000 |
| Rockingham County-Strafford County, NH | 1 | $ 170,000 | $ 170,000 | $ 56,000 |
| Salt Lake City, UT | 1 | $ 217,000 | $ 217,000 | $ 129,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 640,000 | $ 640,000 | $ 84,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 470,000 | $ 470,000 | $ 64,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 610,000 | $ 610,000 | $ 114,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 400,000 | $ 400,000 | $ 216,000 |
| Savannah, GA | 1 | $ 108,000 | $ 108,000 | $ 19,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 80,000 | $ 80,000 | $ 50,000 |
| St. Cloud, MN | 1 | $ 81,000 | $ 81,000 | $ 162,000 |
| Stockton, CA | 1 | $ 26,000 | $ 26,000 | $ 120,000 |
| Tuscaloosa, AL | 1 | $ 123,000 | $ 123,000 | $ 27,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 399,000 | $ 399,000 | $ 60,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 707,000 | $ 707,000 | $ 30,000 |
| Winston-Salem, NC | 1 | $ 292,000 | $ 292,000 | $ 87,000 |
| Worcester, MA | 1 | $ 104,000 | $ 104,000 | $ 152,000 |
| Yuma, AZ | 1 | $ 86,000 | $ 86,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for First Independent Bank in 2007
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 | 315 | $74,894,000 | $237,000 | $1,508,000 | $115,000 | $9,775,000 |
| Home Purchase | 193 | $45,901,000 | $237,000 | $1,600,000 | $96,000 | $484,000 |
| Home Improvement | 28 | $8,942,000 | $319,000 | $4,000,000 | $397,000 | $4,551,000 |
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 | 342 | $76,021,000 | $222,000 | $2,000,000 | $117,000 | $4,551,000 |
| Not Provided | 154 | $43,504,000 | $282,000 | $4,000,000 | $76,000 | $364,000 |
| Hispanic | 18 | $3,546,000 | $197,000 | $610,000 | $87,000 | $184,000 |
| Asian | 9 | $3,420,000 | $380,000 | $1,600,000 | $152,000 | $484,000 |
| Black or African American | 5 | $1,237,000 | $247,000 | $417,000 | $2,051,000 | $9,775,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,079,000 | $215,000 | $300,000 | $134,000 | $321,000 |
| American Indian or Alaskan Native | 2 | $482,000 | $241,000 | $353,000 | $81,000 | $114,000 |
| Not applicable | 1 | $448,000 | $448,000 | $448,000 | $76,000 | $76,000 |
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) | 521 | $126,773,000 | $243,000 | $4,000,000 | $125,000 | $9,775,000 |
| FHA-insured (Federal Housing Administration) | 12 | $2,059,000 | $171,000 | $273,000 | $47,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 3 | $905,000 | $301,000 | $353,000 | $93,000 | $114,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 249 | $67,516,000 | $271,000 | $2,000,000 | $94,000 | $540,000 |
| Loan Originated | 167 | $32,422,000 | $194,000 | $880,000 | $201,000 | $9,775,000 |
| Application Denied By Financial Institution | 59 | $16,258,000 | $275,000 | $4,000,000 | $71,000 | $480,000 |
| Application Withdrawn By Applicant | 46 | $10,346,000 | $224,000 | $800,000 | $86,000 | $359,000 |
| File Closed For Incompleteness | 15 | $3,195,000 | $213,000 | $440,000 | $53,000 | $144,000 |
| 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 First Independent Bank's 2007 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 First Independent 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.
For a list of all lenders in Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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