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Bank of Hawaii

Honolulu, HI

Bank of Hawaii processed 2,715 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,212 loans with a 36.6% denial rate. Other was the primary loan purpose. Based in Honolulu, HI. The approval rate of 44.6% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Bank of Hawaii's 44.6% origination rate tells you how often an application turned into funded money; the 36.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,679 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

2,715
Applications
1,212
Originated
36.6%
Denial Rate
$417,144
Avg Loan Amount
Avg Interest Rate: 7.046% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,679 1,197 992 $415,444
VA 24 8 0 $665,417
FHA 12 7 2 $300,000

Top loan types - Bank of Hawaii

Top loan types - Bank of Hawaii Horizontal bar chart of the top 3 items by value (applications). Top loan types - Bank of Hawaii Top 3 1. Conventional 2,679 2. VA 24 3. FHA 12 Top 5 loan types by application volume at Bank of Hawaii (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Bank of Hawaii (LEI: XJCRTTYJVBMA22IXL619) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
521
Collateral
402
Credit history
212
Other
114
Unverifiable information
81
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 758 289 $205,633
Home Purchase 676 412 $893,062
Refinancing 573 269 $322,260
Home Improvement 564 191 $191,702
Cash-out Refinancing 144 51 $556,875

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
Asian 970 46.1% 36.4%
White 606 37.1% 41.9%
Joint 279 54.8% 28.0%
Native Hawaiian or Other Pacific Islander 198 32.3% 51.0%
2 or more minority races 144 46.5% 42.4%
Black or African American * 21 28.6% 61.9%
American Indian or Alaska Native * 17 23.5% 52.9%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,976 43.8% 37.9%
Hispanic or Latino 150 32.7% 56.0%
Joint 74 54.0% 27.0%

Nearby Lenders in HI

Other HMDA-reporting lenders in HI with similar activity. Compare any two side-by-side.

First Hawaiian Bank

HONOLULU, HI

2,271 apps 1,256 originated 23.6% denied

American Savings Bank

HONOLULU, HI

1,879 apps 993 originated 37.3% denied

Hawaiiusa FCU

HONOLULU, HI

1,128 apps 417 originated 39.5% denied

Hawaii State Federal Credit Union

Honolulu, HI

1,084 apps 659 originated 27.6% denied

Central Pacific Bank

Honolulu, HI

1,068 apps 487 originated 35.5% denied
Compare Bank of Hawaii vs First Hawaiian Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Bank of Hawaii process?
Bank of Hawaii processed 2,715 mortgage applications in the 2024 HMDA reporting year. Of these, 1,212 were originated (approved and funded), 300 were withdrawn by the applicant, and 994 were denied.
What is Bank of Hawaii's mortgage approval rate?
Bank of Hawaii has an approval (origination) rate of 44.6%, meaning 44.6% of all applications resulted in a funded mortgage. The denial rate is 36.6%.
What is the average loan amount at Bank of Hawaii?
The average mortgage loan amount at Bank of Hawaii is $417,144. The average interest rate is 7.046%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Bank of Hawaii?
The most common reasons for mortgage denial at Bank of Hawaii are: Debt-to-income ratio, Collateral, Credit history. In total, 994 applications were denied out of 2,715 total applications.
What types of mortgage loans does Bank of Hawaii offer?
Bank of Hawaii processes Conventional, VA, FHA loans. The most common type is Conventional with 2,679 applications and an average loan amount of $415,444.
What loan purposes does Bank of Hawaii serve?
Bank of Hawaii serves the following loan purposes: Other (758 applications), Home Purchase (676 applications), Refinancing (573 applications), Home Improvement (564 applications), Cash-out Refinancing (144 applications). Other is the most common purpose.
Where is Bank of Hawaii located?
Bank of Hawaii is headquartered in Honolulu, HI. The lender is identified by LEI XJCRTTYJVBMA22IXL619 in HMDA data.
How does Bank of Hawaii compare in lending across racial demographics?
Bank of Hawaii reports demographic lending data under HMDA requirements. Asian applicants have an approval rate of 46.1% and denial rate of 36.4%; White applicants have an approval rate of 37.1% and denial rate of 41.9%; Joint applicants have an approval rate of 54.8% and denial rate of 28.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.