Sterling Savings Bank Mortgage Lending & HMDA Data, 2011
In 2011, Sterling Savings Bank of Spokane, WA reported 16,555 mortgage applications totaling $4.6 billion, up 1909% from 2010. The average application was for $275,181, and applicants reported an average income of $95,873. 61% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (4,928), Portland-Vancouver-Hillsboro, OR-WA (1,078) and Spokane, WA (1,051) (applications in parentheses).
| Mortgage Company & Address | Sterling Savings Bank 111 N Wall St Spokane, WA 99201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 16,555 |
| Total Mortgage Loan Application Amount | $4,555,629,000 |
| Average Mortgage Loan Application Amount | $275,181 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $95,873 |
| Highest Applicant Income | $3,122,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Seattle-Bellevue-Everett, WA | 4,928 | $ 1,615,274,000 | $ 327,774 | $ 120,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1,078 | $ 286,821,000 | $ 266,067 | $ 91,990 |
| Spokane, WA | 1,051 | $ 179,608,000 | $ 170,892 | $ 74,000 |
| Tacoma, WA | 960 | $ 259,622,000 | $ 270,439 | $ 87,000 |
| Kennewick-Pasco-Richland, WA | 943 | $ 184,006,000 | $ 195,128 | $ 84,000 |
| Boise City-Nampa, ID | 738 | $ 104,109,000 | $ 141,069 | $ 83,000 |
| Bremerton-Silverdale, WA | 542 | $ 128,717,000 | $ 237,485 | $ 86,000 |
| Bellingham, WA | 498 | $ 123,550,000 | $ 248,092 | $ 100,000 |
| Eugene-Springfield, OR | 288 | $ 61,791,000 | $ 214,552 | $ 90,000 |
| Missoula, MT | 269 | $ 58,564,000 | $ 217,710 | $ 95,000 |
| Yakima, WA | 264 | $ 38,702,000 | $ 146,598 | $ 64,000 |
| Mount Vernon-Anacortes, WA | 247 | $ 52,047,000 | $ 210,716 | $ 84,000 |
| Olympia, WA | 232 | $ 52,420,000 | $ 225,948 | $ 84,000 |
| Medford, OR | 219 | $ 40,973,000 | $ 187,091 | $ 74,000 |
| Coeur D'Alene, ID | 208 | $ 40,290,000 | $ 193,701 | $ 94,000 |
| Los Angeles-Long Beach-Glendale, CA | 176 | $ 253,788,000 | $ 1,441,977 | $ 69,000 |
| Lewiston, ID-WA | 154 | $ 22,332,000 | $ 145,012 | $ 62,077 |
| Salem, OR | 116 | $ 33,800,000 | $ 291,379 | $ 66,000 |
| Billings, MT | 83 | $ 14,942,000 | $ 180,024 | $ 92,000 |
| Phoenix-Mesa-Glendale, AZ | 82 | $ 13,251,000 | $ 161,597 | $ 170,000 |
| Bakersfield-Delano, CA | 73 | $ 11,692,000 | $ 160,164 | $ 89,000 |
| Santa Rosa-Petaluma, CA | 71 | $ 24,630,000 | $ 346,901 | $ 118,000 |
| Bend, OR | 67 | $ 20,976,000 | $ 313,074 | $ 131,000 |
| Riverside-San Bernardino-Ontario, CA | 63 | $ 15,024,000 | $ 238,476 | $ 188,000 |
| Oakland-Fremont-Hayward, CA | 58 | $ 169,251,000 | $ 2,918,120 | $ 40,000 |
| San Francisco-San Mateo-Redwood City, CA | 55 | $ 78,682,000 | $ 1,430,581 | $ 26,000 |
| Wenatchee-East Wenatchee, WA | 55 | $ 12,991,000 | $ 236,200 | $ 124,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 46 | $ 58,528,000 | $ 1,272,347 | $ 58,000 |
| San Diego-Carlsbad-San Marcos, CA | 45 | $ 27,825,000 | $ 618,333 | $ 121,000 |
| Longview, WA | 44 | $ 6,802,000 | $ 154,590 | $ 68,000 |
| Las Vegas-Paradise, NV | 41 | $ 8,716,000 | $ 212,585 | $ 88,000 |
| Corvallis, OR | 37 | $ 14,155,000 | $ 382,567 | $ 82,000 |
| Santa Ana-Anaheim-Irvine, CA | 27 | $ 21,862,000 | $ 809,703 | $ 96,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 19 | $ 6,965,000 | $ 366,578 | $ 163,000 |
| Reno-Sparks, NV | 15 | $ 2,833,000 | $ 188,866 | $ 53,000 |
| Fresno, CA | 11 | $ 2,408,000 | $ 218,909 | $ 120,000 |
| Salinas, CA | 8 | $ 16,927,000 | $ 2,115,875 | $ 230,000 |
| Anchorage, AK | 7 | $ 2,464,000 | $ 352,000 | $ 146,000 |
| Pocatello, ID | 7 | $ 931,000 | $ 133,000 | $ 65,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 10,681,000 | $ 1,525,857 | $ 43,000 |
| Great Falls, MT | 6 | $ 1,035,000 | $ 172,500 | $ 74,000 |
| Tucson, AZ | 6 | $ 1,326,000 | $ 221,000 | $ 147,000 |
| Idaho Falls, ID | 5 | $ 683,000 | $ 136,600 | $ 54,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 1,443,000 | $ 288,600 | $ 112,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 5 | $ 2,520,000 | $ 504,000 | $ 148,000 |
| Modesto, CA | 4 | $ 626,000 | $ 156,500 | $ 126,000 |
| Lake Havasu City-Kingman, AZ | 3 | $ 534,000 | $ 178,000 | $ 62,000 |
| Merced, CA | 3 | $ 225,000 | $ 75,000 | $ 34,000 |
| Vallejo-Fairfield, CA | 3 | $ 2,428,000 | $ 809,333 | $ 68,000 |
| Yuma, AZ | 3 | $ 350,000 | $ 116,666 | $ 38,000 |
| Carson City, NV | 2 | $ 579,000 | $ 289,500 | $ 154,000 |
| Napa, CA | 2 | $ 6,267,000 | $ 3,133,500 | $ 224,000 |
| Redding, CA | 2 | $ 339,000 | $ 169,500 | $ 66,000 |
| Visalia-Porterville, CA | 2 | $ 298,000 | $ 149,000 | $ 43,000 |
| Chico, CA | 1 | $ 312,000 | $ 312,000 | $ 89,000 |
| Colorado Springs, CO | 1 | $ 80,000 | $ 80,000 | $ 151,000 |
| Fairbanks, AK | 1 | $ 108,000 | $ 108,000 | $ 50,000 |
| Madera-Chowchilla, CA | 1 | $ 368,000 | $ 368,000 | $ 83,000 |
| Prescott, AZ | 1 | $ 220,000 | $ 220,000 | $ 132,000 |
| Stockton, CA | 1 | $ 198,000 | $ 198,000 | $ 50,000 |
Mortgage Loan Application Detail Totals for Sterling Savings Bank in 2011
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 | 8,863 | $2,656,222,000 | $299,000 | $18,000,000 | $103,000 | $2,748,000 |
| Home Purchase | 7,456 | $1,836,588,000 | $246,000 | $99,999,000 | $88,000 | $3,122,000 |
| Home Improvement | 236 | $62,819,000 | $266,000 | $3,938,000 | $77,000 | $788,000 |
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 | 12,443 | $2,810,943,000 | $225,000 | $7,250,000 | $99,000 | $3,122,000 |
| Not Provided | 2,058 | $509,982,000 | $247,000 | $3,300,000 | $98,000 | $1,431,000 |
| Asian | 644 | $185,017,000 | $287,000 | $2,700,000 | $107,000 | $927,000 |
| Hispanic | 568 | $106,269,000 | $187,000 | $980,000 | $83,000 | $1,848,000 |
| Not applicable | 462 | $860,929,000 | $1,863,000 | $99,999,000 | $1,000 | $589,000 |
| Black or African American | 177 | $38,797,000 | $219,000 | $580,000 | $81,000 | $340,000 |
| American Indian or Alaskan Native | 134 | $27,562,000 | $205,000 | $1,890,000 | $73,000 | $359,000 |
| Native Hawaiian or Other Pacific Islander | 69 | $16,130,000 | $233,000 | $750,000 | $88,000 | $331,000 |
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) | 11,786 | $3,589,953,000 | $304,000 | $99,999,000 | $109,000 | $3,122,000 |
| FHA-insured (Federal Housing Administration) | 2,913 | $576,826,000 | $198,000 | $664,000 | $67,000 | $432,000 |
| VA-guaranteed (Veterans Administration) | 1,154 | $271,822,000 | $235,000 | $932,000 | $64,000 | $652,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 702 | $117,028,000 | $166,000 | $366,000 | $46,000 | $144,000 |
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 | 10,030 | $2,821,136,000 | $281,000 | $18,000,000 | $96,000 | $3,122,000 |
| Application Approved But Not Accepted | 2,862 | $795,004,000 | $277,000 | $99,999,000 | $111,000 | $1,848,000 |
| Application Denied By Financial Institution | 1,950 | $505,405,000 | $259,000 | $7,000,000 | $74,000 | $1,172,000 |
| Application Withdrawn By Applicant | 1,225 | $339,302,000 | $276,000 | $12,000,000 | $106,000 | $2,748,000 |
| File Closed For Incompleteness | 238 | $54,685,000 | $229,000 | $1,500,000 | $101,000 | $1,284,000 |
| Loan Purchased By The Institution | 130 | $17,126,000 | $131,000 | $5,292,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 120 | $22,971,000 | $191,000 | $3,000,000 | $61,000 | $724,000 |
| Preapproval Approved but not Accepted | 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 Sterling Savings Bank's 2011 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 Sterling Savings 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.
For a list of all lenders in Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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