First International Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, First International Bank & Trust of Minot, ND reported 1,589 mortgage applications totaling $498.5 million, down 32% from 2022. The average application was for $313,741, and applicants reported an average income of $209,307. 81% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Fargo, ND-MN (279), Sioux Falls, SD (241) and Phoenix-Mesa-Scottsdale, AZ (194) (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 | 1,589 |
| Total Mortgage Loan Application Amount | $498,535,000 |
| Average Mortgage Loan Application Amount | $313,741 |
| Highest Mortgage Loan Application Amount | $4,625,000 |
| Average Applicant Income | $209,307 |
| Highest Applicant Income | $9,705,000 |
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First International Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First International Bank & Trust in 2023
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 | 1,097 | $402,575,000 | $366,000 | $4,625,000 | $199,000 | $9,705,000 |
| Home Improvement | 201 | $28,935,000 | $143,000 | $2,645,000 | $186,000 | $1,124,000 |
| Other Purpose | 176 | $29,170,000 | $165,000 | $2,385,000 | $300,000 | $6,792,000 |
| Cash-out Refinancing | 83 | $25,125,000 | $302,000 | $1,505,000 | $199,000 | $1,352,000 |
| Refinancing | 32 | $12,730,000 | $397,000 | $2,505,000 | $237,000 | $1,231,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 1,272 | $386,800,000 | $304,000 | $4,625,000 | $203,000 | $9,705,000 |
| Not Provided | 140 | $55,580,000 | $397,000 | $2,965,000 | $324,000 | $6,792,000 |
| Not applicable | 57 | $20,355,000 | $357,000 | $2,505,000 | $0 | $0 |
| Hispanic | 49 | $12,575,000 | $256,000 | $725,000 | $117,000 | $280,000 |
| American Indian or Alaskan Native | 26 | $6,180,000 | $237,000 | $705,000 | $178,000 | $1,020,000 |
| Asian | 23 | $11,765,000 | $511,000 | $3,755,000 | $189,000 | $1,002,000 |
| Black or African American | 16 | $3,810,000 | $238,000 | $375,000 | $84,000 | $123,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,150,000 | $287,000 | $325,000 | $92,000 | $109,000 |
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) | 1,325 | $430,605,000 | $324,000 | $4,625,000 | $235,000 | $9,705,000 |
| FHA-insured (Federal Housing Administration) | 179 | $42,805,000 | $239,000 | $505,000 | $91,000 | $612,000 |
| VA-guaranteed (Veterans Administration) | 64 | $21,250,000 | $332,000 | $995,000 | $96,000 | $215,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $3,875,000 | $184,000 | $305,000 | $75,000 | $106,000 |
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 | 1,281 | $413,275,000 | $322,000 | $4,625,000 | $210,000 | $6,792,000 |
| Application Withdrawn By Applicant | 168 | $64,570,000 | $384,000 | $4,515,000 | $271,000 | $9,705,000 |
| Application Denied By Financial Institution | 112 | $14,410,000 | $128,000 | $755,000 | $116,000 | $844,000 |
| File Closed For Incompleteness | 18 | $3,210,000 | $178,000 | $325,000 | $183,000 | $843,000 |
| Application Approved But Not Accepted | 10 | $3,070,000 | $307,000 | $1,365,000 | $244,000 | $612,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,477 | $484,125,000 | $327,000 | $4,625,000 | $217,000 | $9,705,000 |
| Debt-To-Income Ratio | 52 | $7,810,000 | $150,000 | $755,000 | $99,000 | $254,000 |
| Credit History | 35 | $3,745,000 | $107,000 | $355,000 | $134,000 | $844,000 |
| Collateral | 19 | $2,295,000 | $120,000 | $495,000 | $139,000 | $337,000 |
| Employment History | 3 | $415,000 | $138,000 | $205,000 | $76,000 | $114,000 |
| Other | 2 | $100,000 | $50,000 | $65,000 | $89,000 | $130,000 |
| Unverifiable Information | 1 | $45,000 | $45,000 | $45,000 | $120,000 | $120,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First International Bank & Trust's 2023 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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