Republic Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Republic Bank & Trust of Norman, OK reported 1,021 mortgage applications totaling $145.4 million, down 26% from 2013. The average application was for $142,404, and applicants reported an average income of $94,444. 82% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Oklahoma City, OK (620), Tulsa, OK (48) and Fort Smith, AR-OK (35) (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 | 1,021 |
| Total Mortgage Loan Application Amount | $145,395,000 |
| Average Mortgage Loan Application Amount | $142,404 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $94,444 |
| Highest Applicant Income | $5,776,000 |
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(HMDA) records Republic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014
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 | 765 | $111,413,000 | $145,000 | $592,000 | $88,000 | $5,700,000 |
| Refinancing | 194 | $30,062,000 | $154,000 | $1,505,000 | $120,000 | $5,776,000 |
| Home Improvement | 62 | $3,920,000 | $63,000 | $417,000 | $94,000 | $362,000 |
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 | 752 | $106,375,000 | $141,000 | $592,000 | $90,000 | $753,000 |
| American Indian or Alaskan Native | 98 | $13,888,000 | $141,000 | $390,000 | $69,000 | $307,000 |
| Not applicable | 80 | $12,353,000 | $154,000 | $1,505,000 | $170,000 | $5,776,000 |
| Hispanic | 38 | $3,820,000 | $100,000 | $247,000 | $71,000 | $444,000 |
| Asian | 28 | $4,282,000 | $152,000 | $417,000 | $104,000 | $337,000 |
| Black or African American | 17 | $3,203,000 | $188,000 | $1,079,000 | $105,000 | $632,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $816,000 | $204,000 | $417,000 | $81,000 | $146,000 |
| Not Provided | 4 | $658,000 | $164,000 | $222,000 | $172,000 | $386,000 |
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) | 665 | $99,741,000 | $149,000 | $1,505,000 | $115,000 | $5,776,000 |
| FHA-insured (Federal Housing Administration) | 173 | $22,130,000 | $127,000 | $275,000 | $60,000 | $386,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 112 | $11,368,000 | $101,000 | $210,000 | $42,000 | $85,000 |
| VA-guaranteed (Veterans Administration) | 71 | $12,156,000 | $171,000 | $592,000 | $70,000 | $214,000 |
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 | 840 | $118,602,000 | $141,000 | $592,000 | $86,000 | $5,700,000 |
| Application Denied By Financial Institution | 80 | $9,576,000 | $119,000 | $483,000 | $77,000 | $675,000 |
| Application Withdrawn By Applicant | 42 | $6,334,000 | $150,000 | $417,000 | $137,000 | $753,000 |
| File Closed For Incompleteness | 40 | $7,651,000 | $191,000 | $1,079,000 | $111,000 | $632,000 |
| Application Approved But Not Accepted | 19 | $3,232,000 | $170,000 | $1,505,000 | $391,000 | $5,776,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 42 | $4,252,000 | $101,000 | $270,000 | $95,000 | $675,000 |
| Debt-To-Income Ratio | 30 | $4,162,000 | $138,000 | $483,000 | $50,000 | $125,000 |
| Collateral | 7 | $858,000 | $122,000 | $238,000 | $81,000 | $145,000 |
| Other | 1 | $304,000 | $304,000 | $304,000 | $96,000 | $96,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Republic Bank & Trust's 2014 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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