Republic Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Republic Bank & Trust of Norman, OK reported 1,248 mortgage applications totaling $182.2 million, up 2% from 2008. The average application was for $146,012, and applicants reported an average income of $78,528. 65% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Oklahoma City, OK (932), Fort Smith, AR-OK (20) and Tulsa, OK (17) (applications in parentheses).
| 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 | 1,248 |
| Total Mortgage Loan Application Amount | $182,223,000 |
| Average Mortgage Loan Application Amount | $146,012 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $78,528 |
| Highest Applicant Income | $1,672,000 |
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(HMDA) records Republic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 757 | $109,805,000 | $145,000 | $2,800,000 | $72,000 | $1,672,000 |
| Refinancing | 422 | $65,547,000 | $155,000 | $437,000 | $90,000 | $699,000 |
| Home Improvement | 69 | $6,871,000 | $99,000 | $1,425,000 | $80,000 | $778,000 |
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 | 1,062 | $158,343,000 | $149,000 | $2,800,000 | $85,000 | $1,672,000 |
| American Indian or Alaskan Native | 51 | $5,648,000 | $110,000 | $308,000 | $53,000 | $175,000 |
| Hispanic | 39 | $4,579,000 | $117,000 | $303,000 | $44,000 | $118,000 |
| Black or African American | 38 | $5,392,000 | $141,000 | $333,000 | $56,000 | $154,000 |
| Asian | 28 | $4,269,000 | $152,000 | $267,000 | $65,000 | $208,000 |
| Not applicable | 23 | $3,322,000 | $144,000 | $1,425,000 | $3,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $507,000 | $101,000 | $175,000 | $33,000 | $63,000 |
| Not Provided | 2 | $163,000 | $81,000 | $144,000 | $49,000 | $99,000 |
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) | 602 | $98,252,000 | $163,000 | $2,800,000 | $102,000 | $1,672,000 |
| FHA-insured (Federal Housing Administration) | 529 | $68,710,000 | $129,000 | $303,000 | $58,000 | $969,000 |
| VA-guaranteed (Veterans Administration) | 76 | $11,005,000 | $144,000 | $388,000 | $59,000 | $143,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $4,256,000 | $103,000 | $218,000 | $40,000 | $82,000 |
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 | 806 | $112,543,000 | $139,000 | $1,425,000 | $78,000 | $969,000 |
| Preapproval Denied by Financial Institution | 143 | $16,590,000 | $116,000 | $303,000 | $45,000 | $154,000 |
| Application Approved But Not Accepted | 135 | $27,941,000 | $206,000 | $2,800,000 | $125,000 | $1,672,000 |
| Application Denied By Financial Institution | 96 | $13,950,000 | $145,000 | $409,000 | $67,000 | $395,000 |
| File Closed For Incompleteness | 29 | $4,794,000 | $165,000 | $360,000 | $80,000 | $187,000 |
| Preapproval Approved but not Accepted | 20 | $3,102,000 | $155,000 | $417,000 | $63,000 | $167,000 |
| Application Withdrawn By Applicant | 19 | $3,303,000 | $173,000 | $437,000 | $140,000 | $1,000,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 168 | $20,605,000 | $122,000 | $409,000 | $52,000 | $154,000 |
| Debt-To-Income Ratio | 31 | $3,811,000 | $122,000 | $303,000 | $42,000 | $80,000 |
| Collateral | 22 | $3,393,000 | $154,000 | $361,000 | $81,000 | $395,000 |
| Other | 10 | $1,645,000 | $164,000 | $255,000 | $65,000 | $108,000 |
| Employment History | 5 | $656,000 | $131,000 | $187,000 | $43,000 | $105,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $262,000 | $131,000 | $171,000 | $57,000 | $91,000 |
| Unverifiable Information | 1 | $168,000 | $168,000 | $168,000 | $80,000 | $80,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Republic Bank & Trust'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 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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