First International Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, First International Bank & Trust of Minot, ND reported 1,259 mortgage applications totaling $136.7 million. The average application was for $108,547, and applicants reported an average income of $57,146. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Fargo-Moorhead, ND-MN (652), Phoenix-Mesa, AZ (30) and Grand Forks, ND-MN (6) (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 | 1,259 |
| Total Mortgage Loan Application Amount | $136,661,000 |
| Average Mortgage Loan Application Amount | $108,547 |
| Highest Mortgage Loan Application Amount | $4,178,000 |
| Average Applicant Income | $57,146 |
| Highest Applicant Income | $2,500,000 |
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First International Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fargo-Moorhead, ND-MN | 652 | $ 75,002,000 | $ 115,033 | $ 45,000 |
| Phoenix-Mesa, AZ | 30 | $ 6,068,000 | $ 202,266 | $ 76,000 |
| Grand Forks, ND-MN | 6 | $ 585,000 | $ 97,500 | $ 82,000 |
| Minneapolis-St. Paul, MN-WI | 5 | $ 579,000 | $ 115,800 | $ 73,000 |
| Bismarck, ND | 4 | $ 419,000 | $ 104,750 | $ 43,000 |
| Chicago, IL | 1 | $ 187,000 | $ 187,000 | $ 72,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 100,000 | $ 100,000 | $ 54,000 |
| Denver, CO | 1 | $ 182,000 | $ 182,000 | $ 83,000 |
| Fort Collins-Loveland, CO | 1 | $ 108,000 | $ 108,000 | $ 46,000 |
| Greeley, CO | 1 | $ 278,000 | $ 278,000 | $ 0 |
| Los Angeles-Long Beach, CA | 1 | $ 183,000 | $ 183,000 | $ 2,500,000 |
| Reno, NV | 1 | $ 287,000 | $ 287,000 | $ 100,000 |
| Wichita, KS | 1 | $ 323,000 | $ 323,000 | $ 517,000 |
| Yakima, WA | 1 | $ 20,000 | $ 20,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for First International Bank & Trust in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 715 | $78,090,000 | $151,555 | $975,000 | $109,555 | $1,213,000 |
| Home Purchase (one-to-four family) | 490 | $46,791,000 | $151,000 | $1,249,000 | $374,875 | $2,500,000 |
| Home Improvement (one-to-four family) | 41 | $1,442,000 | $30,000 | $255,000 | $74,333 | $242,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 13 | $10,338,000 | $607,000 | $4,178,000 | $0 | $0 |
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 | 1,203 | $124,738,000 | $154,666 | $1,400,000 | $305,000 | $2,500,000 |
| Other | 19 | $1,815,000 | $95,000 | $204,000 | $40,000 | $123,000 |
| Not applicable | 13 | $8,083,000 | $516,500 | $4,178,000 | $13,000 | $189,000 |
| Hispanic | 8 | $571,000 | $58,500 | $148,000 | $70,500 | $104,000 |
| Asian or Pacific Islander | 6 | $550,000 | $111,000 | $140,000 | $41,500 | $60,000 |
| American Indian or Alaskan Native | 4 | $242,000 | $60,500 | $146,000 | $39,500 | $67,000 |
| Black | 3 | $296,000 | $98,000 | $138,000 | $33,000 | $45,000 |
| Information not provided by applicant in mail or telephone application | 3 | $366,000 | $122,000 | $144,000 | $44,000 | $75,000 |
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) | 1,011 | $112,597,000 | $157,583 | $4,178,000 | $304,583 | $2,500,000 |
| FHA-insured (Federal Housing Administration) | 200 | $18,879,000 | $111,000 | $222,000 | $46,250 | $177,000 |
| VA-guaranteed (Veterans Administration) | 45 | $4,999,000 | $124,500 | $231,000 | $47,000 | $103,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $186,000 | $62,000 | $85,000 | $33,000 | $42,000 |
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 | 1,015 | $112,197,000 | $151,555 | $4,178,000 | $335,888 | $2,500,000 |
| Application Withdrawn By Applicant | 128 | $14,292,000 | $162,166 | $323,000 | $125,666 | $517,000 |
| Application Denied By Financial Institution | 78 | $6,302,000 | $83,250 | $225,000 | $47,750 | $89,000 |
| File Closed For Incompleteness | 38 | $3,870,000 | $114,000 | $225,000 | $66,000 | $172,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 40 | $3,023,000 | $54,666 | $154,000 | $43,333 | $75,000 |
| Debt-To-Income Ratio | 26 | $2,756,000 | $120,333 | $225,000 | $47,333 | $89,000 |
| Collateral | 3 | $162,000 | $54,000 | $108,000 | $21,000 | $34,000 |
| Unverifiable Information | 1 | $95,000 | $95,000 | $95,000 | $38,000 | $38,000 |
| Employment History | 1 | $39,000 | $39,000 | $39,000 | $14,000 | $14,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First International Bank & Trust's 2003 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.
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