Pacific Mercantile Bank Mortgage Lending & HMDA Data, 2013
In 2013, Pacific Mercantile Bank of Costa Mesa, CA reported 1,596 mortgage applications totaling $441.0 million, down 75% from 2012. The average application was for $276,298, and applicants reported an average income of $71,459. 44% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (316), Los Angeles-Long Beach-Glendale, CA (308) and Santa Ana-Anaheim-Irvine, CA (210) (applications in parentheses).
| Mortgage Company & Address | Pacific Mercantile Bank 949 South Coast Drive 3rd Floor Costa Mesa, CA 92626 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,596 |
| Total Mortgage Loan Application Amount | $440,973,000 |
| Average Mortgage Loan Application Amount | $276,298 |
| Highest Mortgage Loan Application Amount | $2,520,000 |
| Average Applicant Income | $71,459 |
| Highest Applicant Income | $2,280,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pacific Mercantile Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 316 | $ 64,654,000 | $ 204,601 | $ 56,000 |
| Los Angeles-Long Beach-Glendale, CA | 308 | $ 113,938,000 | $ 369,928 | $ 88,000 |
| Santa Ana-Anaheim-Irvine, CA | 210 | $ 84,723,000 | $ 403,442 | $ 142,000 |
| San Diego-Carlsbad-San Marcos, CA | 133 | $ 45,880,000 | $ 344,962 | $ 107,000 |
| Houston-Sugar Land-Baytown, TX | 45 | $ 5,036,000 | $ 111,911 | $ 41,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 33 | $ 9,312,000 | $ 282,181 | $ 35,090 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 26 | $ 4,429,000 | $ 170,346 | $ 24,000 |
| Baltimore-Towson, MD | 23 | $ 5,197,000 | $ 225,956 | $ 18,000 |
| Denver-Aurora-Broomfield, CO | 22 | $ 5,203,000 | $ 236,500 | $ 57,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 21 | $ 4,267,000 | $ 203,190 | $ 30,761 |
| Las Vegas-Paradise, NV | 20 | $ 2,454,000 | $ 122,700 | $ 49,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 19 | $ 4,010,000 | $ 211,052 | $ 18,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 18 | $ 3,352,000 | $ 186,222 | $ 20,000 |
| Oakland-Fremont-Hayward, CA | 17 | $ 6,914,000 | $ 406,705 | $ 73,000 |
| Salt Lake City, UT | 17 | $ 3,431,000 | $ 201,823 | $ 72,000 |
| Raleigh-Cary, NC | 16 | $ 3,002,000 | $ 187,625 | $ 33,000 |
| Worcester, MA | 16 | $ 3,594,000 | $ 224,625 | $ 32,000 |
| Boston-Quincy, MA | 15 | $ 3,443,000 | $ 229,533 | $ 26,000 |
| Cambridge-Newton-Framingham, MA | 15 | $ 4,176,000 | $ 278,400 | $ 62,000 |
| Richmond, VA | 11 | $ 1,649,000 | $ 149,909 | $ 38,000 |
| Albuquerque, NM | 10 | $ 1,686,000 | $ 168,600 | $ 27,000 |
| Bakersfield-Delano, CA | 10 | $ 1,733,000 | $ 173,300 | $ 45,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 10 | $ 2,392,000 | $ 239,200 | $ 62,000 |
| Seattle-Bellevue-Everett, WA | 10 | $ 2,346,000 | $ 234,600 | $ 16,000 |
| Springfield, MA | 10 | $ 1,911,000 | $ 191,100 | $ 27,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 2,920,000 | $ 324,444 | $ 44,000 |
| Phoenix-Mesa-Glendale, AZ | 9 | $ 1,872,000 | $ 208,000 | $ 55,000 |
| Providence-New Bedford-Fall River, RI-MA | 9 | $ 2,022,000 | $ 224,666 | $ 13,888 |
| Dallas-Plano-Irving, TX | 8 | $ 1,263,000 | $ 157,875 | $ 35,000 |
| Honolulu, HI | 8 | $ 2,073,000 | $ 259,125 | $ 70,000 |
| Reno-Sparks, NV | 8 | $ 1,603,000 | $ 200,375 | $ 55,000 |
| Bethesda-Rockville-Frederick, MD | 7 | $ 1,903,000 | $ 271,857 | $ 30,000 |
| Salem, OR | 7 | $ 1,343,000 | $ 191,857 | $ 40,000 |
| Fresno, CA | 6 | $ 1,511,000 | $ 251,833 | $ 107,000 |
| San Francisco-San Mateo-Redwood City, CA | 6 | $ 3,286,000 | $ 547,666 | $ 29,000 |
| Austin-Round Rock-San Marcos, TX | 5 | $ 761,000 | $ 152,200 | $ 7,000 |
| Fort Worth-Arlington, TX | 5 | $ 586,000 | $ 117,200 | $ 73,000 |
| Greensboro-High Point, NC | 5 | $ 795,000 | $ 159,000 | $ 15,000 |
| Tacoma, WA | 5 | $ 1,115,000 | $ 223,000 | $ 64,000 |
| Vallejo-Fairfield, CA | 5 | $ 1,324,000 | $ 264,800 | $ 0 |
| Boise City-Nampa, ID | 4 | $ 596,000 | $ 149,000 | $ 0 |
| Colorado Springs, CO | 4 | $ 569,000 | $ 142,250 | $ 53,000 |
| Modesto, CA | 4 | $ 489,000 | $ 122,250 | $ 34,000 |
| Tucson, AZ | 4 | $ 537,000 | $ 134,250 | $ 58,000 |
| Yakima, WA | 4 | $ 579,000 | $ 144,750 | $ 16,000 |
| Barnstable Town, MA | 3 | $ 812,000 | $ 270,666 | $ 47,000 |
| Coeur D'Alene, ID | 3 | $ 432,000 | $ 144,000 | $ 45,000 |
| El Centro, CA | 3 | $ 458,000 | $ 152,666 | $ 59,000 |
| Peabody, MA | 3 | $ 748,000 | $ 249,333 | $ 41,000 |
| Pocatello, ID | 3 | $ 718,000 | $ 239,333 | $ 0 |
| Wilmington, NC | 3 | $ 590,000 | $ 196,666 | $ 13,000 |
| Asheville, NC | 2 | $ 1,840,000 | $ 920,000 | $ 247,000 |
| Burlington, NC | 2 | $ 257,000 | $ 128,500 | $ 0 |
| Durham-Chapel Hill, NC | 2 | $ 553,000 | $ 276,500 | $ 68,000 |
| Fayetteville, NC | 2 | $ 381,000 | $ 190,500 | $ 83,000 |
| Harrisonburg, VA | 2 | $ 332,000 | $ 166,000 | $ 0 |
| Jacksonville, NC | 2 | $ 320,000 | $ 160,000 | $ 26,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 205,000 | $ 102,500 | $ 268,000 |
| Medford, OR | 2 | $ 804,000 | $ 402,000 | $ 174,000 |
| Ogden-Clearfield, UT | 2 | $ 356,000 | $ 178,000 | $ 20,000 |
| Provo-Orem, UT | 2 | $ 242,000 | $ 121,000 | $ 21,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 388,000 | $ 194,000 | $ 29,000 |
| Winston-Salem, NC | 2 | $ 265,000 | $ 132,500 | $ 64,000 |
| Anchorage, AK | 1 | $ 243,000 | $ 243,000 | $ 92,000 |
| Bend, OR | 1 | $ 281,000 | $ 281,000 | $ 154,000 |
| Bremerton-Silverdale, WA | 1 | $ 479,000 | $ 479,000 | $ 0 |
| El Paso, TX | 1 | $ 108,000 | $ 108,000 | $ 42,000 |
| Fort Collins-Loveland, CO | 1 | $ 217,000 | $ 217,000 | $ 119,000 |
| Grand Junction, CO | 1 | $ 162,000 | $ 162,000 | $ 0 |
| Greeley, CO | 1 | $ 184,000 | $ 184,000 | $ 77,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Hanford-Corcoran, CA | 1 | $ 159,000 | $ 159,000 | $ 0 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 157,000 | $ 157,000 | $ 0 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 70,000 | $ 70,000 | $ 13,000 |
| Las Cruces, NM | 1 | $ 232,000 | $ 232,000 | $ 53,000 |
| Longview, WA | 1 | $ 348,000 | $ 348,000 | $ 114,000 |
| Lynchburg, VA | 1 | $ 143,000 | $ 143,000 | $ 0 |
| McAllen-Edinburg-Mission, TX | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Mount Vernon-Anacortes, WA | 1 | $ 267,000 | $ 267,000 | $ 58,000 |
| Pittsfield, MA | 1 | $ 193,000 | $ 193,000 | $ 0 |
| Pueblo, CO | 1 | $ 127,000 | $ 127,000 | $ 0 |
| Roanoke, VA | 1 | $ 168,000 | $ 168,000 | $ 42,000 |
| Rochester, MN | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Salinas, CA | 1 | $ 125,000 | $ 125,000 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 128,000 | $ 128,000 | $ 29,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 160,000 | $ 160,000 | $ 57,000 |
| Santa Fe, NM | 1 | $ 143,000 | $ 143,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 1 | $ 213,000 | $ 213,000 | $ 40,000 |
| Spokane, WA | 1 | $ 222,000 | $ 222,000 | $ 0 |
| Waco, TX | 1 | $ 157,000 | $ 157,000 | $ 0 |
| Wenatchee-East Wenatchee, WA | 1 | $ 186,000 | $ 186,000 | $ 40,000 |
| Wilmington, DE-MD-NJ | 1 | $ 240,000 | $ 240,000 | $ 103,000 |
| Yuba City, CA | 1 | $ 204,000 | $ 204,000 | $ 0 |
Mortgage Loan Application Detail Totals for Pacific Mercantile Bank in 2013
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 | 1,091 | $313,855,000 | $287,000 | $2,486,000 | $68,000 | $2,280,000 |
| Home Purchase | 408 | $111,016,000 | $272,000 | $2,520,000 | $87,000 | $913,000 |
| Home Improvement | 97 | $16,102,000 | $166,000 | $1,350,000 | $45,000 | $509,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 597 | $174,974,000 | $293,000 | $2,486,000 | $74,000 | $1,577,000 |
| White | 450 | $128,092,000 | $284,000 | $1,900,000 | $90,000 | $2,280,000 |
| Hispanic | 272 | $62,111,000 | $228,000 | $643,000 | $57,000 | $771,000 |
| Asian | 120 | $38,222,000 | $318,000 | $825,000 | $87,000 | $487,000 |
| Not applicable | 79 | $19,711,000 | $249,000 | $2,520,000 | $0 | $0 |
| Black or African American | 65 | $14,118,000 | $217,000 | $416,000 | $47,000 | $190,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,426,000 | $303,000 | $576,000 | $70,000 | $189,000 |
| American Indian or Alaskan Native | 5 | $1,319,000 | $263,000 | $424,000 | $43,000 | $101,000 |
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) | 837 | $258,634,000 | $309,000 | $2,520,000 | $108,000 | $2,280,000 |
| FHA-insured (Federal Housing Administration) | 639 | $144,102,000 | $225,000 | $736,000 | $29,000 | $234,000 |
| VA-guaranteed (Veterans Administration) | 118 | $37,806,000 | $320,000 | $1,098,000 | $43,000 | $186,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $431,000 | $215,000 | $222,000 | $45,000 | $46,000 |
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 | 709 | $179,466,000 | $253,000 | $2,520,000 | $70,000 | $1,577,000 |
| Application Withdrawn By Applicant | 320 | $87,553,000 | $273,000 | $2,100,000 | $69,000 | $2,280,000 |
| Application Denied By Financial Institution | 265 | $82,209,000 | $310,000 | $2,465,000 | $66,000 | $568,000 |
| Application Approved But Not Accepted | 178 | $49,499,000 | $278,000 | $992,000 | $78,000 | $771,000 |
| File Closed For Incompleteness | 124 | $42,246,000 | $340,000 | $1,250,000 | $89,000 | $640,000 |
| 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 Pacific Mercantile Bank's 2013 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 Pacific Mercantile 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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