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Central Pacific Bank

Honolulu, HI

Central Pacific Bank processed 1,068 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 487 loans with a 35.5% denial rate. Home Purchase was the primary loan purpose. Based in Honolulu, HI. The approval rate of 45.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Central Pacific Bank's 45.6% origination rate tells you how often an application turned into funded money; the 35.5% 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 (1,050 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.

1,068
Applications
487
Originated
35.5%
Denial Rate
$397,135
Avg Loan Amount
Avg Interest Rate: 6.916% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,050 483 378 $387,990
VA 14 4 1 $981,429
FHA 4 0 0 $752,500

Top loan types - Central Pacific Bank

Top loan types - Central Pacific Bank Horizontal bar chart of the top 3 items by value (applications). Top loan types - Central Pacific Bank Top 3 1. Conventional 1,050 2. VA 14 3. FHA 4 Top 5 loan types by application volume at Central Pacific Bank (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 Central Pacific Bank (LEI: 5493005R24FV5DFFXW42) · 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
201
Collateral
118
Credit history
82
Insufficient cash
8
Other
6
Credit application incomplete
3
Employment history
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 429 241 $598,310
Refinancing 232 103 $351,897
Other 200 78 $177,750
Home Improvement 180 50 $198,833
Cash-out Refinancing 27 15 $536,481

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
Asian 549 49.7% 33.7%
White 144 40.3% 36.1%
Joint 116 46.5% 36.2%
2 or more minority races 76 43.4% 40.8%
Native Hawaiian or Other Pacific Islander 66 37.9% 51.5%
Black or African American * 6 0.0% 16.7%
American Indian or Alaska Native * 4 50.0% 25.0%

* 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 803 47.1% 36.1%
Hispanic or Latino 52 42.3% 38.5%
Joint * 38 60.5% 13.2%

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

Nearby Lenders in HI

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

Bank of Hawaii

Honolulu, HI

2,715 apps 1,212 originated 36.6% denied

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
Compare Central Pacific Bank vs Bank of Hawaii →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Central Pacific Bank process?
Central Pacific Bank processed 1,068 mortgage applications in the 2024 HMDA reporting year. Of these, 487 were originated (approved and funded), 134 were withdrawn by the applicant, and 379 were denied.
What is Central Pacific Bank's mortgage approval rate?
Central Pacific Bank has an approval (origination) rate of 45.6%, meaning 45.6% of all applications resulted in a funded mortgage. The denial rate is 35.5%.
What is the average loan amount at Central Pacific Bank?
The average mortgage loan amount at Central Pacific Bank is $397,135. The average interest rate is 6.916%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Central Pacific Bank?
The most common reasons for mortgage denial at Central Pacific Bank are: Debt-to-income ratio, Collateral, Credit history. In total, 379 applications were denied out of 1,068 total applications.
What types of mortgage loans does Central Pacific Bank offer?
Central Pacific Bank processes Conventional, VA, FHA loans. The most common type is Conventional with 1,050 applications and an average loan amount of $387,990.
What loan purposes does Central Pacific Bank serve?
Central Pacific Bank serves the following loan purposes: Home Purchase (429 applications), Refinancing (232 applications), Other (200 applications), Home Improvement (180 applications), Cash-out Refinancing (27 applications). Home Purchase is the most common purpose.
Where is Central Pacific Bank located?
Central Pacific Bank is headquartered in Honolulu, HI. The lender is identified by LEI 5493005R24FV5DFFXW42 in HMDA data.
How does Central Pacific Bank compare in lending across racial demographics?
Central Pacific Bank reports demographic lending data under HMDA requirements. Asian applicants have an approval rate of 49.7% and denial rate of 33.7%; White applicants have an approval rate of 40.3% and denial rate of 36.1%; Joint applicants have an approval rate of 46.5% and denial rate of 36.2%. 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.