Republic Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Republic Bank & Trust of Norman, OK reported 96 mortgage applications totaling $19.5 million, down 81% from 2019. The average application was for $203,125, and applicants reported an average income of $155,635. 72% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Oklahoma City, OK (90) and Killeen-Temple, TX (2).
| Mortgage Company & Address | Republic Bank & Trust 401 W. Main Norman, OK 73069 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 96 |
| Total Mortgage Loan Application Amount | $19,500,000 |
| Average Mortgage Loan Application Amount | $203,125 |
| Highest Mortgage Loan Application Amount | $535,000 |
| Average Applicant Income | $155,635 |
| Highest Applicant Income | $735,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Republic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Republic Bank & Trust in 2020
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 60 | $12,380,000 | $206,000 | $515,000 | $149,000 | $735,000 |
| Refinancing | 23 | $4,615,000 | $200,000 | $535,000 | $185,000 | $461,000 |
| Cash-out Refinancing | 9 | $2,205,000 | $245,000 | $365,000 | $118,000 | $196,000 |
| Home Improvement | 2 | $130,000 | $65,000 | $75,000 | $221,000 | $221,000 |
| Other Purpose | 2 | $170,000 | $85,000 | $125,000 | $121,000 | $133,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 70 | $15,230,000 | $217,000 | $515,000 | $133,000 | $461,000 |
| Not applicable | 11 | $1,865,000 | $169,000 | $535,000 | $0 | $0 |
| Asian | 5 | $745,000 | $149,000 | $265,000 | $81,000 | $128,000 |
| Black or African American | 3 | $875,000 | $291,000 | $325,000 | $735,000 | $735,000 |
| American Indian or Alaskan Native | 3 | $495,000 | $165,000 | $275,000 | $92,000 | $216,000 |
| Not Provided | 2 | $150,000 | $75,000 | $105,000 | $76,000 | $76,000 |
| Hispanic | 2 | $140,000 | $70,000 | $75,000 | $221,000 | $221,000 |
| 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) | 88 | $17,560,000 | $199,000 | $535,000 | $158,000 | $735,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,740,000 | $290,000 | $445,000 | $97,000 | $127,000 |
| FHA-insured (Federal Housing Administration) | 2 | $200,000 | $100,000 | $105,000 | $40,000 | $59,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 69 | $13,775,000 | $199,000 | $535,000 | $131,000 | $461,000 |
| Application Withdrawn By Applicant | 17 | $4,175,000 | $245,000 | $475,000 | $225,000 | $735,000 |
| Application Denied By Financial Institution | 6 | $1,060,000 | $176,000 | $515,000 | $57,000 | $86,000 |
| Application Approved But Not Accepted | 4 | $490,000 | $122,000 | $285,000 | $258,000 | $735,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 90 | $18,440,000 | $204,000 | $535,000 | $157,000 | $735,000 |
| Other | 2 | $240,000 | $120,000 | $185,000 | $68,000 | $79,000 |
| Credit History | 2 | $170,000 | $85,000 | $105,000 | $59,000 | $59,000 |
| Debt-To-Income Ratio | 2 | $650,000 | $325,000 | $515,000 | $47,000 | $86,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Republic Bank & Trust's 2020 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 Republic Bank & Trust'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 Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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