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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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FIRST STATE BANK AND TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST STATE BANK AND TRUST |
| Address | 950 N HWY 95
BAYPORT, MN 55003 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 120 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,822,000 |
| Average Mortgage Loan Amount Applied For | $122,400 |
| Highest Mortgage Loan Amount Applied For | $593,000 |
| Average Applicant Income | $95,200 |
| Highest Applicant Income | $525,000 |
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| Home Improvement |
16 | $871,000 |
$54,000 | $200,000 |
$75,000 | $155,000 |
| Home Purchase |
36 | $7,264,000 |
$201,000 | $593,000 |
$85,000 | $525,000 |
| Refinancing |
75 | $8,085,000 |
$107,000 | $568,000 |
$65,000 | $222,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $249,000 |
$124,000 | $223,000 |
$85,000 | $85,000 |
| Hispanic |
2 | $551,000 |
$275,000 | $295,000 |
$85,000 | $96,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $1,422,000 |
$284,000 | $593,000 |
$82,000 | $313,000 |
| Not Provided |
2 | $170,000 |
$85,000 | $130,000 |
$76,000 | $98,000 |
| White |
116 | $13,828,000 |
$119,000 | $568,000 |
$71,000 | $525,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
127 | $16,220,000 |
$127,000 | $593,000 |
$72,000 | $525,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
13 | $2,558,000 |
$196,000 | $560,000 |
$95,000 | $525,000 |
| Application Denied By Financial Institution |
16 | $1,682,000 |
$105,000 | $295,000 |
$77,000 | $204,000 |
| Application Withdrawn By Applicant |
2 | $86,000 |
$43,000 | $70,000 |
$27,000 | $33,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
89 | $10,496,000 |
$117,000 | $593,000 |
$68,000 | $313,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $641,000 |
$213,000 | $256,000 |
$77,000 | $112,000 |
| Preapproval Denied by Financial Institution |
4 | $757,000 |
$189,000 | $223,000 |
$81,000 | $85,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $40,000 |
$40,000 | $40,000 |
$54,000 | $54,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST STATE BANK AND TRUST by:
Metropolitan Area And
County
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