Applications / Mortgage Analytics / Lenders / Oklahoma / Sovereign Bank
Shawnee, OK · State member bank · FRS · $1.4 billion assets · 485 loans in 2025
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485
loans originated, 2025
538
applications, 2025
12
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Sovereign Bank, an Oklahoma bank renamed in 2023, makes the government-backed loans the typical similar bank does not make, and it ranks tenth of 211 lenders in Lawton.
Loans insured by the Federal Housing Administration (FHA) made up 15.3% of its lending and loans guaranteed by the Department of Veterans Affairs (VA) another 7.6%. At the typical similar lender, meaning a state member bank making between half and twice as many loans, both shares were 0.0%. Its denial rate on home-purchase applications, 1.9%, was lower than at about nine in ten peers, whose typical rate was 7.4%.
It has lent in Oklahoma City since 1993, where it ranked 25 of 534 lenders, and in Lawton since 2001. A fifth of its loans (21.8%) went to low- and moderate-income neighborhoods, more than at four in five peers.
It made 65 loans in 2018 and 47 in 2019, filed no HMDA report for 2020 to 2022, and reported 443 in 2023. The missing years are gaps, not years without lending. The bank merged with The First State Bank in 2021, which could explain part of the jump, though the figures cannot show how much.
Originations fell 8% to 485, while peers rose 7% and the whole market 10%. That was lower growth than at nearly nine in ten peers. The figures do not show why.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Sovereign Bank took 538 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 69.9% · Refinance 26.4% · Home improvement 3.3% · Other 0.4%
Conventional 76.9% · FHA 15.3% · VA 7.6% · USDA (RHS or FSA) 0.2% · of 485 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Oklahoma | 467 | 96.3% |
| Texas | 5 | 1.0% |
| Florida | 4 | 0.8% |
| Iowa | 1 | 0.2% |
| Indiana | 1 | 0.2% |
| Kansas | 1 | 0.2% |
| Maine | 1 | 0.2% |
| Michigan | 1 | 0.2% |
| Missouri | 1 | 0.2% |
| Montana | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Oklahoma City | 302 |
| Lawton | 65 |
| Tulsa | 7 |
| Longview | 2 |
| Austin-Round Rock-San Marcos | 1 |
| Cape Coral-Fort Myers | 1 |
| Crestview-Fort Walton Beach-Destin | 1 |
| Dallas-Plano-Irving | 1 |
| Elkhart-Goshen | 1 |
| Fort Worth-Arlington-Grapevine | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300CKJ4DTUYAZXI11 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 396253 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 118430 | 1990–2017 |
Established 29 October 1984. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Sovereign Bank's data.
Sovereign Bank's data
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