Summit State Bank Mortgage Lending & HMDA Data, 2010
In 2010, Summit State Bank of Santa Rosa, CA reported 51 mortgage applications totaling $10.6 million, up 112% from 2009. The average application was for $207,764, and applicants reported an average income of $48,764. 71% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Santa Rosa-Petaluma, CA (32), Vallejo-Fairfield, CA (13) and Napa, CA (2) (applications in parentheses).
| Mortgage Company & Address | Summit State Bank 500 Bicentennial Way Santa Rosa, CA 95403 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 51 |
| Total Mortgage Loan Application Amount | $10,596,000 |
| Average Mortgage Loan Application Amount | $207,764 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $48,764 |
| Highest Applicant Income | $596,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Summit State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Summit State Bank in 2010
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 | 43 | $9,712,000 | $225,000 | $1,000,000 | $39,000 | $596,000 |
| Refinancing | 7 | $859,000 | $122,000 | $417,000 | $103,000 | $228,000 |
| Home Improvement | 1 | $25,000 | $25,000 | $25,000 | $89,000 | $89,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 36 | $6,129,000 | $170,000 | $278,000 | $0 | $0 |
| White | 11 | $2,885,000 | $262,000 | $714,000 | $160,000 | $596,000 |
| Not Provided | 2 | $1,500,000 | $750,000 | $1,000,000 | $306,000 | $486,000 |
| Hispanic | 1 | $28,000 | $28,000 | $28,000 | $40,000 | $40,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $54,000 | $54,000 | $54,000 | $109,000 | $109,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 51 | $10,596,000 | $207,000 | $1,000,000 | $49,000 | $596,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 36 | $6,538,000 | $181,000 | $714,000 | $21,000 | $596,000 |
| Application Withdrawn By Applicant | 6 | $2,150,000 | $358,000 | $663,000 | $158,000 | $486,000 |
| Application Denied By Financial Institution | 5 | $1,761,000 | $352,000 | $1,000,000 | $104,000 | $228,000 |
| Loan Purchased By The Institution | 4 | $147,000 | $36,000 | $54,000 | $73,000 | $109,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $1,344,000 | $336,000 | $1,000,000 | $73,000 | $126,000 |
| Other | 1 | $417,000 | $417,000 | $417,000 | $228,000 | $228,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Summit State Bank's 2010 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 Summit State 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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with aggregated HMDA statistics today.
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