First International Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, First International Bank & Trust of Minot, ND reported 536 mortgage applications totaling $75.8 million, down 7% from 2007. The average application was for $141,466, and applicants reported an average income of $96,197. 82% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Fargo, ND-MN (243), Phoenix-Mesa-Scottsdale, AZ (19) and Bismarck, ND (7) (applications in parentheses).
| Mortgage Company & Address | First International Bank & Trust 1600 S Bdway Minot, ND 58701 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 536 |
| Total Mortgage Loan Application Amount | $75,826,000 |
| Average Mortgage Loan Application Amount | $141,466 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $96,197 |
| Highest Applicant Income | $6,027,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First International Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cass, North Dakota | 208 | $ 35,450,000 | $ 170,432 | $ 80,000 |
| Ward, North Dakota | 107 | $ 12,644,000 | $ 118,168 | $ 78,000 |
| Williams, North Dakota | 49 | $ 4,255,000 | $ 86,836 | $ 80,000 |
| Clay, Minnesota | 35 | $ 4,653,000 | $ 132,942 | $ 59,000 |
| McKenzie, North Dakota | 31 | $ 2,440,000 | $ 78,709 | $ 51,000 |
| Maricopa, Arizona | 19 | $ 3,609,000 | $ 189,947 | $ 222,000 |
| Wells, North Dakota | 18 | $ 1,190,000 | $ 66,111 | $ 48,000 |
| Becker, Minnesota | 12 | $ 2,738,000 | $ 228,166 | $ 121,000 |
| Grant, North Dakota | 9 | $ 381,000 | $ 42,333 | $ 41,000 |
| Otter Tail, Minnesota | 7 | $ 1,416,000 | $ 202,285 | $ 100,000 |
| Burleigh, North Dakota | 7 | $ 1,202,000 | $ 171,714 | $ 46,000 |
| Bottineau, North Dakota | 3 | $ 1,732,000 | $ 577,333 | $ 2,069,000 |
| Renville, North Dakota | 3 | $ 178,000 | $ 59,333 | $ 59,000 |
| Richland, North Dakota | 3 | $ 503,000 | $ 167,666 | $ 149,000 |
| McHenry, North Dakota | 2 | $ 202,000 | $ 101,000 | $ 26,000 |
| Mercer, North Dakota | 2 | $ 226,000 | $ 113,000 | $ 92,000 |
| Navajo, Arizona | 1 | $ 170,000 | $ 170,000 | $ 44,000 |
| Douglas, Colorado | 1 | $ 350,000 | $ 350,000 | $ 110,000 |
| Clearwater, Minnesota | 1 | $ 103,000 | $ 103,000 | $ 67,000 |
| Douglas, Minnesota | 1 | $ 20,000 | $ 20,000 | $ 70,000 |
| Grant, Minnesota | 1 | $ 72,000 | $ 72,000 | $ 50,000 |
| Hennepin, Minnesota | 1 | $ 300,000 | $ 300,000 | $ 2,658,000 |
| Norman, Minnesota | 1 | $ 78,000 | $ 78,000 | $ 27,000 |
| Wright, Minnesota | 1 | $ 200,000 | $ 200,000 | $ 49,000 |
| St. Charles, Missouri | 1 | $ 227,000 | $ 227,000 | $ 90,000 |
| Teton, Montana | 1 | $ 92,000 | $ 92,000 | $ 13,000 |
| Yellowstone, Montana | 1 | $ 400,000 | $ 400,000 | $ 62,000 |
| Barnes, North Dakota | 1 | $ 60,000 | $ 60,000 | $ 42,000 |
| Cavalier, North Dakota | 1 | $ 69,000 | $ 69,000 | $ 28,000 |
| Dunn, North Dakota | 1 | $ 265,000 | $ 265,000 | $ 185,000 |
| McLean, North Dakota | 1 | $ 44,000 | $ 44,000 | $ 122,000 |
| Mountrail, North Dakota | 1 | $ 46,000 | $ 46,000 | $ 39,000 |
| Ransom, North Dakota | 1 | $ 20,000 | $ 20,000 | $ 102,000 |
| Sargent, North Dakota | 1 | $ 88,000 | $ 88,000 | $ 44,000 |
| Traill, North Dakota | 1 | $ 237,000 | $ 237,000 | $ 89,000 |
| Walsh, North Dakota | 1 | $ 66,000 | $ 66,000 | $ 39,000 |
| Marshall, South Dakota | 1 | $ 100,000 | $ 100,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for First International Bank & Trust in 2008
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 257 | $36,024,000 | $140,000 | $3,000,000 | $92,000 | $2,658,000 |
| Refinancing | 249 | $38,909,000 | $156,000 | $1,465,000 | $102,000 | $6,027,000 |
| Home Improvement | 30 | $893,000 | $29,000 | $126,000 | $84,000 | $477,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 496 | $66,222,000 | $133,000 | $1,465,000 | $101,000 | $6,027,000 |
| Not applicable | 23 | $7,525,000 | $327,000 | $3,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 6 | $563,000 | $93,000 | $136,000 | $42,000 | $90,000 |
| Asian | 4 | $770,000 | $192,000 | $417,000 | $181,000 | $640,000 |
| Black or African American | 4 | $520,000 | $130,000 | $220,000 | $33,000 | $57,000 |
| Hispanic | 2 | $125,000 | $62,000 | $100,000 | $72,000 | $82,000 |
| Not Provided | 1 | $101,000 | $101,000 | $101,000 | $96,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 442 | $63,708,000 | $144,000 | $3,000,000 | $103,000 | $6,027,000 |
| FHA-insured (Federal Housing Administration) | 86 | $10,970,000 | $127,000 | $275,000 | $66,000 | $1,216,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,035,000 | $147,000 | $220,000 | $35,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $113,000 | $113,000 | $113,000 | $41,000 | $41,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 442 | $59,629,000 | $134,000 | $3,000,000 | $102,000 | $6,027,000 |
| Application Denied By Financial Institution | 36 | $5,457,000 | $151,000 | $1,105,000 | $58,000 | $146,000 |
| Application Approved But Not Accepted | 30 | $5,106,000 | $170,000 | $417,000 | $88,000 | $516,000 |
| Application Withdrawn By Applicant | 25 | $5,198,000 | $207,000 | $800,000 | $60,000 | $170,000 |
| File Closed For Incompleteness | 3 | $436,000 | $145,000 | $171,000 | $105,000 | $180,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 18 | $1,255,000 | $69,000 | $216,000 | $43,000 | $91,000 |
| Other | 8 | $1,895,000 | $236,000 | $306,000 | $95,000 | $146,000 |
| Debt-To-Income Ratio | 6 | $740,000 | $123,000 | $245,000 | $46,000 | $97,000 |
| Collateral | 2 | $284,000 | $142,000 | $150,000 | $73,000 | $98,000 |
| Employment History | 1 | $178,000 | $178,000 | $178,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,105,000 | $1,105,000 | $1,105,000 | $132,000 | $132,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First International Bank & Trust's 2008 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First International Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in North Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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