Silvergate Bank Mortgage Lending & HMDA Data, 2004
In 2004, Silvergate Bank of La Jolla, CA reported 2,506 mortgage applications totaling $679.3 million, down 11% from 2003. The average application was for $271,054, and applicants reported an average income of $93,341. 52% of its applications resulted in an originated loan and 14% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (453), Los Angeles-Long Beach-Glendale, CA (210) and Baltimore-Towson, MD (189) (applications in parentheses).
| Mortgage Company & Address | Silvergate Bank 4275 Executive Square Suite 800 La Jolla, CA 92037 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,506 |
| Total Mortgage Loan Application Amount | $679,262,000 |
| Average Mortgage Loan Application Amount | $271,054 |
| Highest Mortgage Loan Application Amount | $4,700,000 |
| Average Applicant Income | $93,341 |
| Highest Applicant Income | $2,508,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Silvergate Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Diego-Carlsbad-San Marcos, CA | 453 | $ 146,623,000 | $ 323,671 | $ 107,000 |
| Los Angeles-Long Beach-Glendale, CA | 210 | $ 69,267,000 | $ 329,842 | $ 111,000 |
| Baltimore-Towson, MD | 189 | $ 37,748,000 | $ 199,724 | $ 91,000 |
| Riverside-San Bernardino-Ontario, CA | 116 | $ 25,337,000 | $ 218,422 | $ 78,000 |
| Santa Ana-Anaheim-Irvine, CA | 100 | $ 36,329,000 | $ 363,290 | $ 136,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 94 | $ 34,995,000 | $ 372,287 | $ 146,000 |
| Oakland-Fremont-Hayward, CA | 81 | $ 23,294,000 | $ 287,580 | $ 109,000 |
| Edison, NJ | 77 | $ 11,329,000 | $ 147,129 | $ 0 |
| Seattle-Bellevue-Everett, WA | 75 | $ 20,170,000 | $ 268,933 | $ 119,000 |
| Bethesda-Frederick-Gaithersburg, MD | 70 | $ 23,428,000 | $ 334,685 | $ 119,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 69 | $ 13,738,000 | $ 199,101 | $ 69,000 |
| Newark-Union, NJ-PA | 66 | $ 10,721,000 | $ 162,439 | $ 0 |
| Richmond, VA | 60 | $ 9,021,000 | $ 150,350 | $ 80,000 |
| San Francisco-San Mateo-Redwood City, CA | 40 | $ 18,390,000 | $ 459,750 | $ 163,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 29 | $ 8,968,000 | $ 309,241 | $ 84,000 |
| Vallejo-Fairfield, CA | 22 | $ 4,265,000 | $ 193,863 | $ 87,000 |
| Orlando, FL | 19 | $ 2,761,000 | $ 145,315 | $ 72,000 |
| Bridgeport-Stamford-Norwalk, CT | 18 | $ 8,298,000 | $ 461,000 | $ 152,000 |
| Cambridge-Newton-Framingham, MA | 18 | $ 6,340,000 | $ 352,222 | $ 135,000 |
| Salinas, CA | 18 | $ 6,713,000 | $ 372,944 | $ 109,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 16 | $ 1,913,000 | $ 119,562 | $ 25,000 |
| Bakersfield, CA | 16 | $ 2,022,000 | $ 126,375 | $ 60,000 |
| Boston-Quincy, MA | 16 | $ 8,020,000 | $ 501,250 | $ 102,000 |
| Hartford-West Hartford-East Hartford, CT | 16 | $ 2,902,000 | $ 181,375 | $ 82,000 |
| Phoenix-Mesa-Scottsdale, AZ | 15 | $ 6,358,000 | $ 423,866 | $ 224,000 |
| Portland-Vancouver-Beaverton, OR-WA | 14 | $ 3,026,000 | $ 216,142 | $ 100,000 |
| Worcester, MA | 14 | $ 1,772,000 | $ 126,571 | $ 51,000 |
| New York-Wayne-White Plains, NY-NJ | 13 | $ 3,964,000 | $ 304,923 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 13 | $ 3,636,000 | $ 279,692 | $ 94,000 |
| Philadelphia, PA | 11 | $ 2,594,000 | $ 235,818 | $ 150,000 |
| Sarasota-Bradenton-Venice, FL | 10 | $ 1,115,000 | $ 111,500 | $ 93,000 |
| Tacoma, WA | 10 | $ 1,966,000 | $ 196,600 | $ 118,000 |
| Fresno, CA | 9 | $ 1,303,000 | $ 144,777 | $ 42,000 |
| Las Vegas-Paradise, NV | 9 | $ 2,656,000 | $ 295,111 | $ 119,000 |
| Santa Rosa-Petaluma, CA | 9 | $ 2,081,000 | $ 231,222 | $ 64,000 |
| Napa, CA | 7 | $ 1,920,000 | $ 274,285 | $ 50,000 |
| Nassau-Suffolk, NY | 7 | $ 1,985,000 | $ 283,571 | $ 0 |
| Stockton, CA | 7 | $ 1,152,000 | $ 164,571 | $ 71,000 |
| Yuba City, CA | 7 | $ 1,373,000 | $ 196,142 | $ 116,000 |
| Atlanta-Sandy Springs-Marietta, GA | 6 | $ 1,105,000 | $ 184,166 | $ 0 |
| Bremerton-Silverdale, WA | 6 | $ 1,064,000 | $ 177,333 | $ 69,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 978,000 | $ 163,000 | $ 54,000 |
| Santa Cruz-Watsonville, CA | 6 | $ 2,013,000 | $ 335,500 | $ 133,000 |
| Springfield, MA | 6 | $ 792,000 | $ 132,000 | $ 58,000 |
| Trenton-Ewing, NJ | 6 | $ 896,000 | $ 149,333 | $ 0 |
| Essex County, MA | 5 | $ 1,766,000 | $ 353,200 | $ 107,000 |
| Houston-Baytown-Sugar Land, TX | 5 | $ 680,000 | $ 136,000 | $ 54,000 |
| New Haven-Milford, CT | 5 | $ 509,000 | $ 101,800 | $ 73,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 5 | $ 2,621,000 | $ 524,200 | $ 133,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 381,000 | $ 76,200 | $ 83,000 |
| Barnstable Town, MA | 4 | $ 1,136,000 | $ 284,000 | $ 176,000 |
| Chicago-Naperville-Joliet, IL | 4 | $ 342,000 | $ 85,500 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 827,000 | $ 206,750 | $ 72,000 |
| San Luis Obispo-Paso Robles, CA | 4 | $ 1,679,000 | $ 419,750 | $ 197,000 |
| Charlottesville, VA | 3 | $ 826,000 | $ 275,333 | $ 156,000 |
| Cleveland-Elyria-Mentor, OH | 3 | $ 219,000 | $ 73,000 | $ 12,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 1,240,000 | $ 413,333 | $ 0 |
| Lynchburg, VA | 3 | $ 605,000 | $ 201,666 | $ 86,000 |
| Manchester-Nashua, NH | 3 | $ 732,000 | $ 244,000 | $ 0 |
| Modesto, CA | 3 | $ 808,000 | $ 269,333 | $ 97,000 |
| Raleigh-Cary, NC | 3 | $ 383,000 | $ 127,666 | $ 32,000 |
| Reno-Sparks, NV | 3 | $ 683,000 | $ 227,666 | $ 117,000 |
| Visalia-Porterville, CA | 3 | $ 532,000 | $ 177,333 | $ 119,000 |
| Albuquerque, NM | 2 | $ 211,000 | $ 105,500 | $ 0 |
| Camden, NJ | 2 | $ 265,000 | $ 132,500 | $ 0 |
| Chico, CA | 2 | $ 160,000 | $ 80,000 | $ 106,000 |
| Dallas-Plano-Irving, TX | 2 | $ 91,000 | $ 45,500 | $ 0 |
| El Centro, CA | 2 | $ 250,000 | $ 125,000 | $ 103,000 |
| Lafayette, IN | 2 | $ 172,000 | $ 86,000 | $ 0 |
| Madera, CA | 2 | $ 294,000 | $ 147,000 | $ 120,000 |
| Medford, OR | 2 | $ 618,000 | $ 309,000 | $ 111,000 |
| Salt Lake City, UT | 2 | $ 895,000 | $ 447,500 | $ 0 |
| Warren-Farmington Hills-Troy, MI | 2 | $ 666,000 | $ 333,000 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 237,000 | $ 118,500 | $ 0 |
| York-Hanover, PA | 2 | $ 130,000 | $ 65,000 | $ 51,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 41,000 | $ 41,000 | $ 0 |
| Anchorage, AK | 1 | $ 93,000 | $ 93,000 | $ 0 |
| Anderson, SC | 1 | $ 71,000 | $ 71,000 | $ 0 |
| Bend, OR | 1 | $ 123,000 | $ 123,000 | $ 0 |
| Birmingham-Hoover, AL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Buffalo-Niagara Falls, NY | 1 | $ 79,000 | $ 79,000 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 129,000 | $ 129,000 | $ 55,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 400,000 | $ 400,000 | $ 300,000 |
| College Station-Bryan, TX | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Elkhart-Goshen, IN | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Flagstaff, AZ | 1 | $ 29,000 | $ 29,000 | $ 50,000 |
| Greenville, SC | 1 | $ 119,000 | $ 119,000 | $ 0 |
| Indianapolis, IN | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Jacksonville, FL | 1 | $ 341,000 | $ 341,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 61,000 | $ 61,000 | $ 0 |
| Lubbock, TX | 1 | $ 118,000 | $ 118,000 | $ 94,000 |
| Merced, CA | 1 | $ 130,000 | $ 130,000 | $ 50,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 81,000 | $ 81,000 | $ 0 |
| Mount Vernon-Anacortes, WA | 1 | $ 546,000 | $ 546,000 | $ 180,000 |
| Norwich-New London, CT | 1 | $ 252,000 | $ 252,000 | $ 129,000 |
| Ocean City, NJ | 1 | $ 159,000 | $ 159,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 271,000 | $ 271,000 | $ 94,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 426,000 | $ 426,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 147,000 | $ 147,000 | $ 0 |
| Redding, CA | 1 | $ 368,000 | $ 368,000 | $ 141,000 |
| Roanoke, VA | 1 | $ 40,000 | $ 40,000 | $ 64,000 |
| Rockingham County-Strafford County, NH | 1 | $ 190,000 | $ 190,000 | $ 0 |
| Wenatchee, WA | 1 | $ 10,000 | $ 10,000 | $ 42,000 |
| Winchester, VA-WV | 1 | $ 266,000 | $ 266,000 | $ 107,000 |
| Yakima, WA | 1 | $ 107,000 | $ 107,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Silvergate Bank in 2004
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 | 1,398 | $398,092,000 | $204,000 | $4,000,000 | $42,517 | $1,176,000 |
| Home Purchase | 1,037 | $262,444,000 | $200,750 | $4,700,000 | $59,892 | $2,508,000 |
| Home Improvement | 71 | $18,726,000 | $209,750 | $571,000 | $87,000 | $227,000 |
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 | 1,352 | $384,182,000 | $258,750 | $4,000,000 | $135,312 | $2,508,000 |
| Not applicable | 382 | $65,474,000 | $195,562 | $1,200,000 | $125 | $74,000 |
| Not Provided | 301 | $98,471,000 | $277,400 | $4,700,000 | $130,000 | $1,093,000 |
| Hispanic | 196 | $51,522,000 | $268,571 | $1,949,000 | $91,142 | $659,000 |
| Asian | 180 | $56,153,000 | $249,100 | $2,275,000 | $92,100 | $717,000 |
| Black or African American | 84 | $20,182,000 | $182,777 | $975,000 | $81,000 | $1,800,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $2,431,000 | $297,000 | $572,000 | $85,800 | $159,000 |
| American Indian or Alaskan Native | 2 | $847,000 | $423,000 | $650,000 | $122,000 | $179,000 |
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) | 2,493 | $677,506,000 | $200,676 | $4,700,000 | $46,558 | $2,508,000 |
| FHA-insured (Federal Housing Administration) | 11 | $1,356,000 | $96,250 | $194,000 | $13,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 2 | $400,000 | $200,000 | $216,000 | $21,000 | $42,000 |
| 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 | 1,308 | $355,115,000 | $224,000 | $4,700,000 | $113,250 | $1,800,000 |
| Loan Purchased By The Institution | 379 | $64,155,000 | $195,187 | $1,190,000 | $0 | $0 |
| Application Denied By Financial Institution | 352 | $108,168,000 | $244,000 | $4,000,000 | $118,916 | $1,080,000 |
| Application Approved But Not Accepted | 338 | $115,142,000 | $371,181 | $1,600,000 | $159,727 | $2,508,000 |
| File Closed For Incompleteness | 74 | $20,932,000 | $252,636 | $1,600,000 | $93,454 | $562,000 |
| Application Withdrawn By Applicant | 55 | $15,750,000 | $303,777 | $1,299,000 | $161,222 | $924,000 |
| 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 | 127 | $36,977,000 | $206,166 | $2,275,000 | $90,166 | $748,000 |
| Debt-To-Income Ratio | 72 | $21,731,000 | $270,625 | $1,463,000 | $76,375 | $470,000 |
| Unverifiable Information | 49 | $18,262,000 | $989,500 | $3,055,000 | $348,666 | $1,080,000 |
| Collateral | 37 | $9,149,000 | $178,375 | $908,000 | $186,125 | $900,000 |
| Other | 25 | $6,040,000 | $119,250 | $975,000 | $71,250 | $235,000 |
| Employment History | 21 | $5,364,000 | $160,750 | $880,000 | $113,500 | $654,000 |
| Credit Application Incomplete | 18 | $6,118,000 | $296,500 | $907,000 | $109,833 | $346,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $4,527,000 | $1,509,000 | $4,000,000 | $62,000 | $144,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Silvergate Bank's 2004 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 Silvergate 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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