PlainLender

Bank of the Pacific

Aberdeen, WA

Bank of the Pacific processed 259 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 145 loans with a 9.7% denial rate. Home Purchase was the primary loan purpose. Based in Aberdeen, WA. The approval rate of 56.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Bank of the Pacific processed 259 HMDA-reported mortgage applications in 2024, originating 145 loans and denying 25 for a denial rate of 9.7% (applicants themselves withdrew 34 files before a decision). The average loan amount was $483,687 at a 6.875% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300MP3KK77THHQT36 from Aberdeen, WA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 the Pacific's 56.0% origination rate tells you how often an application turned into funded money; the 9.7% 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 (220 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.

259
Applications
145
Originated
9.7%
Denial Rate
$483,687
Avg Loan Amount
Avg Interest Rate: 6.875% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 220 129 22 $490,318
FHA 26 13 1 $395,385
VA 11 3 2 $568,636
USDA 2 0 0 $435,000

Top loan types — Bank of the Pacific

Top loan types — Bank of the Pacific Horizontal bar chart of the top 4 items by value (applications). Top loan types — Bank of the Pacific Top 4 1. Conventional 220 2. FHA 26 3. VA 11 4. USDA 2 Top 5 loan types by application volume at Bank of the Pacific (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Bank of the Pacific (LEI: 549300MP3KK77THHQT36) · 2023 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
9
Collateral
8
Credit history
6
Other
3
Credit application incomplete
3
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 174 99 $523,333
Cash-out Refinancing 34 17 $282,647
Refinancing 28 19 $806,786
Home Improvement 12 6 $97,500
Other 11 4 $76,818

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 178 58.4% 9.6%
Asian 13 30.8% 7.7%
Joint 7 42.9% 14.3%
American Indian or Alaska Native 6 16.7% 33.3%

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 181 54.1% 11.1%
Hispanic or Latino 10 40.0% 10.0%
Joint 10 60.0% 0.0%

Nearby Lenders in WA

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

Coastal Community Bank

Everett, WA

64,233 apps 15,099 originated 1.6% denied

Boeing Employees' Credit Union

Tukwila, WA

21,382 apps 13,093 originated 24.6% denied

EVERGREEN MONEYSOURCE MORTGAGE COMPANY

BELLEVUE, WA

6,824 apps 4,791 originated 3.0% denied

Banner Bank

Walla Walla, WA

6,099 apps 3,140 originated 33.5% denied

WSECU

OLYMPIA, WA

4,133 apps 1,960 originated 42.2% denied
Compare Bank of the Pacific vs Coastal Community Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Bank of the Pacific process?
Bank of the Pacific processed 259 mortgage applications in the 2023 HMDA reporting year. Of these, 145 were originated (approved and funded), 34 were withdrawn by the applicant, and 25 were denied.
What is Bank of the Pacific's mortgage approval rate?
Bank of the Pacific has an approval (origination) rate of 56.0%, meaning 56.0% of all applications resulted in a funded mortgage. The denial rate is 9.7%.
What is the average loan amount at Bank of the Pacific?
The average mortgage loan amount at Bank of the Pacific is $483,687. The average interest rate is 6.875%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Bank of the Pacific?
The most common reasons for mortgage denial at Bank of the Pacific are: Debt-to-income ratio, Collateral, Credit history. In total, 25 applications were denied out of 259 total applications.
What types of mortgage loans does Bank of the Pacific offer?
Bank of the Pacific processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 220 applications and an average loan amount of $490,318.
What loan purposes does Bank of the Pacific serve?
Bank of the Pacific serves the following loan purposes: Home Purchase (174 applications), Cash-out Refinancing (34 applications), Refinancing (28 applications), Home Improvement (12 applications), Other (11 applications). Home Purchase is the most common purpose.
Where is Bank of the Pacific located?
Bank of the Pacific is headquartered in Aberdeen, WA. The lender is identified by LEI 549300MP3KK77THHQT36 in HMDA data.
How does Bank of the Pacific compare in lending across racial demographics?
Bank of the Pacific reports demographic lending data under HMDA requirements. White applicants have an approval rate of 58.4% and denial rate of 9.6%; Asian applicants have an approval rate of 30.8% and denial rate of 7.7%; Joint applicants have an approval rate of 42.9% and denial rate of 14.3%. 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.