First International Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, First International Bank & Trust of Minot, ND reported 923 mortgage applications totaling $95.5 million, down 27% from 2003. The average application was for $103,457, and applicants reported an average income of $58,474. 74% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Fargo, ND-MN (469), Phoenix-Mesa-Scottsdale, AZ (22) and Minneapolis-St. Paul-Bloomington, MN-WI (8) (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 | 923 |
| Total Mortgage Loan Application Amount | $95,491,000 |
| Average Mortgage Loan Application Amount | $103,457 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $58,474 |
| Highest Applicant Income | $1,405,000 |
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First International Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, ND-MN | 469 | $ 47,093,000 | $ 100,411 | $ 67,000 |
| Phoenix-Mesa-Scottsdale, AZ | 22 | $ 5,281,000 | $ 240,045 | $ 211,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 8 | $ 751,000 | $ 93,875 | $ 44,000 |
| Bismarck, ND | 6 | $ 662,000 | $ 110,333 | $ 47,000 |
| Grand Forks, ND-MN | 6 | $ 842,000 | $ 140,333 | $ 86,000 |
| Flagstaff, AZ | 2 | $ 2,100,000 | $ 1,050,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 158,000 | $ 158,000 | $ 137,000 |
| Kansas City, MO-KS | 1 | $ 106,000 | $ 106,000 | $ 44,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 66,000 | $ 66,000 | $ 52,000 |
| St. Cloud, MN | 1 | $ 124,000 | $ 124,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for First International Bank & Trust in 2004
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 | 614 | $62,161,000 | $115,714 | $1,440,000 | $76,000 | $1,405,000 |
| Refinancing | 255 | $31,586,000 | $245,750 | $1,500,000 | $102,250 | $660,000 |
| Home Improvement | 54 | $1,744,000 | $36,666 | $200,000 | $51,333 | $1,100,000 |
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 | 890 | $86,712,000 | $119,285 | $1,500,000 | $70,285 | $1,100,000 |
| Asian | 10 | $981,000 | $88,500 | $260,000 | $74,000 | $300,000 |
| Not applicable | 9 | $5,289,000 | $674,500 | $1,440,000 | $10,000 | $101,000 |
| Black or African American | 5 | $618,000 | $123,000 | $200,000 | $75,000 | $204,000 |
| American Indian or Alaskan Native | 4 | $204,000 | $51,000 | $104,000 | $38,000 | $75,000 |
| Not Provided | 2 | $1,585,000 | $792,000 | $1,100,000 | $702,000 | $1,405,000 |
| Hispanic | 2 | $67,000 | $33,500 | $59,000 | $66,500 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $35,000 | $35,000 | $35,000 | $32,000 | $32,000 |
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) | 682 | $71,080,000 | $146,800 | $1,500,000 | $81,800 | $1,405,000 |
| FHA-insured (Federal Housing Administration) | 188 | $18,776,000 | $116,666 | $198,000 | $66,666 | $137,000 |
| VA-guaranteed (Veterans Administration) | 51 | $5,569,000 | $96,250 | $260,000 | $50,750 | $149,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $66,000 | $33,000 | $40,000 | $31,500 | $50,000 |
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 | 686 | $68,493,000 | $145,800 | $1,500,000 | $81,000 | $1,405,000 |
| Application Withdrawn By Applicant | 127 | $15,657,000 | $171,750 | $450,000 | $116,000 | $408,000 |
| Application Denied By Financial Institution | 90 | $8,991,000 | $98,250 | $500,000 | $40,750 | $93,000 |
| File Closed For Incompleteness | 17 | $1,792,000 | $99,000 | $200,000 | $38,000 | $124,000 |
| Application Approved But Not Accepted | 3 | $558,000 | $186,000 | $250,000 | $320,000 | $660,000 |
| 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 | 60 | $6,199,000 | $100,500 | $500,000 | $43,750 | $93,000 |
| Debt-To-Income Ratio | 23 | $2,251,000 | $96,500 | $212,000 | $17,000 | $65,000 |
| Collateral | 2 | $215,000 | $107,500 | $212,000 | $42,000 | $48,000 |
| Unverifiable Information | 2 | $206,000 | $103,000 | $117,000 | $31,000 | $33,000 |
| Credit Application Incomplete | 1 | $79,000 | $79,000 | $79,000 | $49,000 | $49,000 |
| Employment History | 1 | $31,000 | $31,000 | $31,000 | $42,000 | $42,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First International Bank & Trust's 2004 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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