Bank Of Hope Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300F570XAWYN8Z237

Tax ID: 95-3972168

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Bank Of Hope is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Hope has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, New York, Riverside, San Diego, and San Francisco among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Hope has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Of Hope is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.33% 4/14/24
    30 Year Conventional Refi 6.53% 4/14/24
    30 Year Cash-out Refi 6.68% 4/14/24
    15 Year Conventional Purchase 5.69% 4/14/24
    15 Year Conventional Refi 5.84% 4/14/24
    15 Year Cash-out Refi 5.84% 4/14/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Bank Of Hope Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bank Of Hope. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    702

    Origination Dollar Volume (All Markets)

    $658,470,000

    Employee count

    1,507

    Awards

    Bank of Hope 30 Year Conventional Loans gold Bank of Hope 30 Year Conventional Loans gold
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 550 $546,360,000 $993,382 $6,404 4.10%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 26 $31,280,000 $1,203,077 $6,206 4.31%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 29 $13,835,000 $477,069 $5,368 4.01%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $11,655,000 $896,538 $4,743 4.11%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $6,785,000 $753,889 $4,279 4.20%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $6,450,000 $806,250 $7,842 4.33%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $5,970,000 $995,000 $8,435 4.52%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $5,030,000 $628,750 $5,591 4.50%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $4,170,000 $1,042,500 $5,674 4.19%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $3,985,000 $265,667 $4,021 4.57%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $3,155,000 $3,155,000 $0 5.00%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $2,220,000 $1,110,000 $4,578 4.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $2,095,000 $698,333 $6,399 3.67%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,890,000 $472,500 $6,036 4.53%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $1,620,000 $810,000 $0 4.88%
    ANCHORAGE, AK (FHA|USDA|VA) 1 $1,575,000 $1,575,000 $0 4.75%
    Outside of Metro Areas 3 $1,475,000 $491,667 $4,679 3.96%
    Ellensburg, WA (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 5.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,090,000 $545,000 $6,735 3.69%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $0 4.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $955,000 $955,000 $9,799 3.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $755,000 $755,000 $8,496 3.75%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $650,000 $325,000 $4,639 4.69%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $525,000 $525,000 $3,758 3.88%
    SALINAS, CA (FHA|USDA|VA) 1 $505,000 $505,000 $6,956 4.38%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $475,000 $475,000 $0 5.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $315,000 $315,000 $4,436 4.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.00%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $255,000 $255,000 $4,137 4.63%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $255,000 $255,000 $5,740 4.63%
    MODESTO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,984 5.25%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,035 5.25%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,993 4.50%
    Bank Of Hope's top markets include Los Angeles, New York, Riverside, San Diego, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank of Hope based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITED
    Similarity Rank: 28
    N C P D Federal Credit Union
    Similarity Rank: 55
    MYPOINT Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Liberty Bank for Savings
    Similarity Rank: 104
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 701 $658,245,000 $939,009 $6,241 4.14%
    FHA 1 $225,000 $225,000 $11,952 3.75%

    For 2018, Bank Of Hope's most frequently originated type of loan was Conventional, with 701 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 378 $353,880,000 $936,190 $7,453 4.12%
    Cash Out Refi 159 $154,705,000 $972,987 $4,567 4.23%
    Refi 138 $124,530,000 $902,391 $4,808 4.03%
    Home Improvement 27 $25,355,000 $939,074 $4,983 4.31%

    For 2018, Bank Of Hope's most frequently cited loan purpose was Home Purchase, with 378 originations. The 2nd most popular reason was Cash Out Refi, with 159 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 576 $527,310,000 $915,469 $6,385 4.04%
    15 Year 39 $18,405,000 $471,923 $4,587 3.84%
    5 Year 37 $51,145,000 $1,382,297 $0 4.95%
    Other 36 $42,910,000 $1,191,944 $0 4.88%
    10 Year 13 $18,295,000 $1,407,308 $0 4.82%
    20 Year 1 $405,000 $405,000 $0 4.13%

    For 2018, Bank Of Hope's most frequently cited loan duration was 30 Year, with 576 originations. The 2nd most popular length was 15 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 391 $378,515,000 $968,069
    $5k+ 21 $20,425,000 $972,619
    $2k-3k 18 $10,280,000 $571,111
    $3k-4k 13 $8,945,000 $688,077
    $4k-5k 9 $8,715,000 $968,333

    Bank Of Hope's average total fees were $6,385, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 391 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 360 $358,330,000 $995,361
    4-5% 274 $230,310,000 $840,547
    5-6% 53 $52,445,000 $989,528
    2.5-3% 8 $11,760,000 $1,470,000

    During 2018, Bank Of Hope's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 360 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 231 $399,375,000 $1,728,896 $7,819 4.02%
    $600k-1MM 202 $155,270,000 $768,663 $5,991 4.13%
    $400k-600k 139 $68,625,000 $493,705 $5,287 4.21%
    $200k-400k 104 $31,360,000 $301,538 $4,690 4.27%
    $100k-200k 23 $3,585,000 $155,870 $3,986 4.31%
    $100,000 or less 3 $255,000 $85,000 $4,187 4.33%

    2018 saw Bank Of Hope place emphasis on $1MM+ loans with 231 originations, totaling $399,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 317 $369,815,000 $1,166,609 $7,170 3.99%
    $150k-250k 154 $112,670,000 $731,623 $5,831 3.99%
    $100k-150k 84 $43,900,000 $522,619 $5,450 4.12%
    $75k-100k 35 $11,595,000 $331,286 $4,954 4.23%
    $50k-75k 22 $5,270,000 $239,545 $4,167 4.23%
    $50k or less 6 $1,270,000 $211,667 $6,776 4.27%

    Bank Of Hope lent most frequently to those with incomes in the $250k+ range, with 317 originations. The second most popular income band? $150k-250k, with 154 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 98 $74,610,000 $761,327 $5,656 4.09%
    20-30% 93 $64,635,000 $695,000 $5,912 4.07%
    44% 51 $61,815,000 $1,212,059 $7,086 3.92%
    43% 39 $34,985,000 $897,051 $6,511 3.99%
    48% 38 $30,980,000 $815,263 $5,717 4.00%
    42% 34 $42,690,000 $1,255,588 $7,757 3.94%
    49% 33 $34,705,000 $1,051,667 $6,425 3.69%
    <20% 29 $25,055,000 $863,966 $5,528 4.07%
    40% 28 $23,920,000 $854,286 $6,572 4.17%
    37% 26 $23,920,000 $920,000 $6,146 4.21%
    38% 25 $21,815,000 $872,600 $5,800 4.02%
    41% 23 $21,695,000 $943,261 $6,332 3.92%
    47% 21 $20,195,000 $961,667 $5,984 3.95%
    39% 20 $14,960,000 $748,000 $6,668 4.09%
    45% 20 $17,190,000 $859,500 $5,953 4.03%
    46% 16 $13,560,000 $847,500 $5,886 4.34%
    36% 15 $12,835,000 $855,667 $7,159 4.08%
    50-60% 1 $575,000 $575,000 $7,416 3.75%

    Bank Of Hope lent most frequently to those with DTI ratios of 30-36%, with 98 originations. The next most common DTI ratio? 20-30%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 336 $343,570,000 $1,022,530 $6,471 4.03%
    Not applicable 67 $98,565,000 $1,471,119 $0 4.92%
    Not provided 123 $91,355,000 $742,724 $6,286 4.09%
    Korean 112 $70,810,000 $632,232 $5,265 4.08%
    Asian 36 $28,530,000 $792,500 $6,298 4.11%
    Other Asian 8 $9,020,000 $1,127,500 $9,945 3.97%
    Chinese 9 $7,175,000 $797,222 $5,785 3.86%
    Asian Indian 7 $5,825,000 $832,143 $7,144 4.63%
    Black 3 $2,925,000 $975,000 $6,555 3.83%
    Filipino 1 $695,000 $695,000 $0 4.13%

    Approval Rates

    Total approvals of all applications
    94.10%

    Bank Of Hope has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.22%

    Bank Of Hope has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 702 $658,470,000 $937,991

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $1,145,000 $1,145,000
    Multifamily:Site-Built 68 $94,800,000 $1,394,118
    Single Family (1-4 Units):Site-Built 633 $562,525,000 $888,665

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 97 $76,715,000 $790,876 $5,273 4.07%
    40-60% 206 $188,440,000 $914,757 $5,328 4.15%
    60-80% 334 $329,950,000 $987,874 $6,850 4.17%
    80-100% 47 $42,665,000 $907,766 $6,997 3.98%
    Over 100% 2 $6,940,000 $3,470,000 $0 5.38%
    Under 20% 16 $13,760,000 $860,000 $5,031 4.09%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Hope 10000 Harwin Drive Houston, TX 77036 Full Service Retail $63,844
    Bank of Hope 10147 Reseda Boulevard Northridge, CA 91324 Full Service B&M $147,807
    Bank of Hope 1040 S. Mt. Vernon Ave. #a Colton, CA 92324 Full Service B&M $76,470
    Bank of Hope 1100 South San Pedro Street, Unit L21-L25 Los Angeles, CA 90015 Full Service B&M $214,140
    Bank of Hope 1102 East El Camino Real Sunnyvale, CA 94087 Full Service B&M $281,630
    Bank of Hope 1122 South Wall Street Los Angeles, CA 90015 Full Service B&M $142,396
    Bank of Hope 1205 South Broadway Los Angeles, CA 90015 Full Service B&M $205,008
    Bank of Hope 1300 South San Pedro Street Los Angeles, CA 90021 Full Service B&M $175,007
    Bank of Hope 1338 Blalock Road Houston, TX 77055 Full Service B&M $33,422
    Bank of Hope 138-02 Northern Boulevard Flushing, NY 11354 Full Service B&M $170,918
    Bank of Hope 13890 Braddock Road Centreville, VA 20121 Full Service B&M $30,586
    Bank of Hope 14429 Culver Dr. Irvine, CA 92604 Full Service B&M $189,163
    Bank of Hope 15024 Northern Blvd Flushing, NY 11354 Full Service B&M $48,117
    Bank of Hope 1504 North Naper Boulevard, Ste. 136 Naperville, IL 60563 Full Service B&M $33,843
    Bank of Hope 1508 Lafayette Parkway Lagrange, GA 30241 Full Service B&M $20,736
    Bank of Hope 16 West 32nd Street New York, NY 10001 Full Service B&M $348,983
    Bank of Hope 1605 Eastern Boulevard Montgomery, AL 36117 Full Service B&M $36,852
    Bank of Hope 162-05 Crocheron Ave Flushing, NY 11358 Full Service B&M $142,132
    Bank of Hope 1645 Milwaukee Avenue Glenview, IL 60025 Full Service B&M $81,441
    Bank of Hope 1655 West Redondo Beach Boulevard Gardena, CA 90247 Full Service B&M $433,787
    Bank of Hope 1709 South Nogales St. Suite 100 Rowland Heights, CA 91748 Full Service B&M $117,088
    Bank of Hope 172 Main Street Fort Lee, NJ 7024 Full Service B&M $198,607
    Bank of Hope 17410 Highway 99, Suite 130 Lynnwood, WA 98037 Full Service B&M $102,662
    Bank of Hope 17500 Carmenita Road Cerritos, CA 90703 Full Service B&M $277,598
    Bank of Hope 1757 Lincoln Highway (Rt. 27) Edison, NJ 8817 Full Service B&M $20,711
    Bank of Hope 1940 Webster St Oakland, CA 94612 Full Service B&M $188,012
    Bank of Hope 19811 Colima Road Walnut, CA 91789 Full Service B&M $124,521
    Bank of Hope 209-07 Northern Blvd. Bayside, NY 11361 Full Service B&M $114,449
    Bank of Hope 2222 W. Olympic Blvd. Los Angeles, CA 90006 Full Service B&M $678,574
    Bank of Hope 2237 Royal Ln Dallas, TX 75229 Full Service B&M $131,240
    Bank of Hope 2424 Sepulveda Blvd., #a Torrance, CA 90501 Full Service B&M $215,244
    Bank of Hope 253 N. Western Ave. Los Angeles, CA 90005 Full Service B&M $110,160
    Bank of Hope 2727 West Olympic Boulevard Los Angeles, CA 90006 Full Service B&M $255,304
    Bank of Hope 2809 S. Diamond Bar Blvd. Diamond Bar, CA 91765 Full Service B&M $66,875
    Bank of Hope 303 Broad Avenue Palisades Park, NJ 7650 Full Service B&M $68,764
    Bank of Hope 31827-B Pacific Hwy South Federal Way, WA 98003 Full Service B&M $83,961
    Bank of Hope 3200 Wilshire Boulevard Suite 1400 Los Angeles, CA 90010 Full Service B&M $2,479,734
    Bank of Hope 3231 Foothill Blvd., Suite 205 La Crescenta, CA 91214 Full Service B&M $163,541
    Bank of Hope 3267 W Olympic Blvd Los Angeles, CA 90006 Full Service B&M $267,480
    Bank of Hope 3301 184th St Sw #125 Lynnwood, WA 98037 Full Service B&M $111,045
    Bank of Hope 3435 Wilshire Blvd. #150 Los Angeles, CA 90010 Full Service B&M $150,609
    Bank of Hope 3600 Wilshire Boulevard, Suite 100-A Los Angeles, CA 90010 Full Service B&M $188,090
    Bank of Hope 3832 Wilshire Boulevard Los Angeles, CA 90010 Full Service B&M $275,947
    Bank of Hope 401 E. 11th Street, Suite 211 Los Angeles, CA 90015 Full Service B&M $140,605
    Bank of Hope 4040 Pacific Coast Hwy Torrance, CA 90505 Limited, Drive-thru $134,590
    Bank of Hope 4428 Convoy St. #a-200 San Diego, CA 92111 Full Service B&M $90,925
    Bank of Hope 485 Great Neck Rd Great Neck, NY 11021 Limited, Drive-thru $70,781
    Bank of Hope 4875 La Palma Avenue La Palma, CA 90623 Full Service B&M $143,740
    Bank of Hope 50-15 Roosevelt Avenue Woodside, NY 11377 Full Service B&M $117,436
    Bank of Hope 5300 Beach Boulevard, Unit 101 Buena Park, CA 90621 Full Service B&M $203,566
    Bank of Hope 5307 Beach Boulevard Buena Park, CA 90621 Limited, Drive-thru $179,579
    Bank of Hope 5526 West Touhy Avenue Skokie, IL 60077 Full Service B&M $163,173
    Bank of Hope 6350 Pacific Boulevard Huntington Park, CA 90255 Full Service B&M $77,628
    Bank of Hope 7410-A Little River Turnpike Annandale, VA 22003 Full Service B&M $50,787
    Bank of Hope 7553 Boulevard 26 North Richland Hills, TX 76180 Full Service B&M $25,155
    Bank of Hope 801 Civic Center Drive, Ste. 155 Niles, IL 60714 Full Service B&M $51,847
    Bank of Hope 8045 Archibald Avenue #100 Rancho Cucamonga, CA 91730 Full Service B&M $56,649
    Bank of Hope 83 West Golf Road Arlington Heights, IL 60005 Full Service B&M $111,300
    Bank of Hope 8401 Reseda Boulevard Northridge, CA 91324 Full Service B&M $287,862
    Bank of Hope 841 South Western Avenue Los Angeles, CA 90005 Full Service B&M $199,738
    Bank of Hope 8504a W. Golf Road Niles, IL 60714 Full Service B&M $99,461
    Bank of Hope 8608 South Tacoma Way Lakewood, WA 98499 Full Service B&M $89,493
    Bank of Hope 9580 Garden Grove Boulevard, Suite 100 Garden Grove, CA 92844 Full Service B&M $205,662

    For 2018, Bank Of Hope had 63 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $650,191
    Net interest income $500,099
    Total noninterest income $61,911
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $22,990
    Trading account gains and fees $0
    Additional Noninterest Income $38,921
    Pre-tax net operating income $271,040
    Securities gains (or losses, -) $924
    Income before extraordinary items $201,162
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $201,162
    Minority interest net income $0
    Net income $201,162
    Sale, conversion, retirement of capital stock, net $2,577
    Net operating income $200,432

    Bank Of Hope's gross interest income from loans was $650,191,000.
    Bank Of Hope's net interest income from loans was $500,099,000.
    Bank Of Hope's fee based income from loans was $22,990,000.
    Bank Of Hope's net income from loans was $201,162,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $150,092
    Provision for credit losses $14,900
    Total noninterest expense $276,070
    Salaries and employee benefits $157,119
    Premises and equipment expense $42,466
    Additional noninterest expense $76,485
    Applicable income taxes $70,802
    Net charge-offs $6,884
    Cash dividends $129,000

    Bank Of Hope's interest expense for loans was $150,092,000.
    Bank Of Hope's payroll and benefits expense were $157,119,000.
    Bank Of Hope's property, plant and equipment expenses $42,466,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 4.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 2.5%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $12,168,567
    Deposits held in domestic offices $12,168,567
    Deposits by Individuals, partnerships, and corporations $11,649,406
    Deposits by U.S. Government $23
    Deposits by States and political subdivisions in the U.S. $315,300
    Deposits by Commercial banks and other depository institutions in U.S. $178,517
    Deposits by Banks in foreign countries $25,321
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $918,585
    Demand deposits $918,585
    Nontransaction accounts $11,249,982
    Money market deposit accounts (MMDAs) $5,153,610
    Other savings deposits (excluding MMDAs) $117,804
    Total time deposits $5,978,568
    Total time and savings deposits $11,249,982
    Noninterest-bearing deposits $3,035,542
    Interest-bearing deposits $9,133,025
    Retail deposits $8,822,580
    IRAs and Keogh plan accounts $91,927
    Brokered deposits $1,573,318
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $15,307,614
    Cash & Balances due from depository institutions $501,942
    Interest-bearing balances $308,124
    Total securities $1,869,149
    Federal funds sold & reverse repurchase $0
    Net loans and leases $12,030,686
    Loan and leases loss allowance $92,557
    Trading account assets $0
    Bank premises and fixed assets $50,830
    Other real estate owned $7,754
    Goodwill and other intangibles $504,689
    All other assets $342,564

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $15,307,614
    Total Liabilities $13,125,655
    Total deposits $12,168,567
    Interest-bearing deposits $9,133,025
    Deposits held in domestic offices $12,168,567
    % insured (estimated) $41
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $821,280
    Subordinated debt $0
    All other liabilities $135,808

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $12,030,686
    Loan and leases loss allowance $92,557
    Total loans and leases (domestic) $12,123,243
    All real estate loans $9,716,979
    Real estate loans in domestic offices $9,716,979
    Construction and development loans $287,474
    Residential 1-4 family construction $18,736
    Other construction, all land development and other land $268,738
    Loans secured by nonfarm nonresidential properties $7,977,784
    Nonfarm nonresidential secured by owner-occupied properties $2,812,756
    Commercial real estate & other non-farm, non-residential $5,165,028
    Multifamily residential real estate $373,188
    1-4 family residential loans $1,076,719
    Farmland loans $1,814
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,062,341
    To non-U.S. addressees $0
    Loans to individuals $38,267
    Credit card loans $9,578
    Related Plans $22,343
    Consumer Auto Loans $764
    Other loans to individuals $5,582
    All other loans & leases $305,656
    Loans to foreign governments and official institutions $0
    Other loans $267,356
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $54,863
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $49,297
    Non 1-4 family restructured loans & leases $49,153
    Total loans and leases (foreign) $0

    Bank of Hope had $12,030,686,000 of loans outstanding in 2018. $9,716,979,000 of loans were in real estate loans. $287,474,000 of loans were in development loans. $373,188,000 of loans were in multifamily mortgage loans. $1,076,719,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $9,578,000 of loans were in credit card loans. $764,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 2,570 $914,253 $355,740
    Nonfarm, nonresidential loans - <$100k 17 $755 $44,412
    Nonfarm, nonresidential loans - $100-250k 318 $32,863 $103,343
    Nonfarm, nonresidential loans - $250k-1MM 2,235 $880,635 $394,020
    Commercial & Industrial, US addressed loans - <$1MM 4,023 $449,350 $111,695
    Commercial & Industrial, US addressed loans - <$100k 1,703 $70,263 $41,258
    Commercial & Industrial, US addressed loans - $100-250k 1,242 $112,133 $90,284
    Commercial & Industrial, US addressed loans - $250k-1MM 1,078 $266,954 $247,638
    Farmland loans - <$1MM 1 $224 $224,000
    Farmland loans - $250k-1MM 1 $224 $224,000