Associated Bank Minnesota, N.A Mortgage Lending & HMDA Data, 2004
In 2004, Associated Bank Minnesota, N.A of Minneapolis, MN reported 992 mortgage applications totaling $103.7 million, up 5% from 2003. The average application was for $104,560, and applicants reported an average income of $85,708. 77% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (685), Duluth, MN-WI (30) and St. Cloud, MN (8) (applications in parentheses).
| Mortgage Company & Address | Associated Bank Minnesota, N.A 1801 Riverside Av Minneapolis, MN 55454 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 992 |
| Total Mortgage Loan Application Amount | $103,724,000 |
| Average Mortgage Loan Application Amount | $104,560 |
| Highest Mortgage Loan Application Amount | $8,959,000 |
| Average Applicant Income | $85,708 |
| Highest Applicant Income | $1,312,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Associated Bank Minnesota, N.A filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hennepin, Minnesota | 284 | $ 23,802,000 | $ 83,809 | $ 95,000 |
| Dakota, Minnesota | 125 | $ 6,275,000 | $ 50,200 | $ 88,000 |
| Goodhue, Minnesota | 121 | $ 7,941,000 | $ 65,628 | $ 122,000 |
| Ramsey, Minnesota | 87 | $ 17,979,000 | $ 206,655 | $ 75,000 |
| Fillmore, Minnesota | 51 | $ 2,214,000 | $ 43,411 | $ 44,000 |
| Scott, Minnesota | 50 | $ 4,132,000 | $ 82,640 | $ 159,000 |
| Anoka, Minnesota | 48 | $ 14,226,000 | $ 296,375 | $ 80,000 |
| Washington, Minnesota | 34 | $ 2,471,000 | $ 72,676 | $ 102,000 |
| St. Louis, Minnesota | 29 | $ 1,572,000 | $ 54,206 | $ 40,000 |
| Wright, Minnesota | 25 | $ 1,851,000 | $ 74,040 | $ 67,000 |
| Pierce, Wisconsin | 14 | $ 1,075,000 | $ 76,785 | $ 45,000 |
| Sherburne, Minnesota | 13 | $ 811,000 | $ 62,384 | $ 62,000 |
| Rice, Minnesota | 10 | $ 446,000 | $ 44,600 | $ 40,000 |
| Carver, Minnesota | 8 | $ 1,519,000 | $ 189,875 | $ 137,000 |
| Isanti, Minnesota | 8 | $ 460,000 | $ 57,500 | $ 87,000 |
| Stearns, Minnesota | 7 | $ 198,000 | $ 28,285 | $ 61,000 |
| Winona, Minnesota | 5 | $ 110,000 | $ 22,000 | $ 36,000 |
| Wabasha, Minnesota | 4 | $ 497,000 | $ 124,250 | $ 86,000 |
| St. Croix, Wisconsin | 4 | $ 94,000 | $ 23,500 | $ 70,000 |
| Chisago, Minnesota | 3 | $ 106,000 | $ 35,333 | $ 51,000 |
| Itasca, Minnesota | 3 | $ 98,000 | $ 32,666 | $ 59,000 |
| Pepin, Wisconsin | 3 | $ 346,000 | $ 115,333 | $ 180,000 |
| Los Angeles, California | 2 | $ 4,664,000 | $ 2,332,000 | $ 621,000 |
| Becker, Minnesota | 2 | $ 304,000 | $ 152,000 | $ 233,000 |
| Beltrami, Minnesota | 2 | $ 167,000 | $ 83,500 | $ 63,000 |
| Cass, Minnesota | 2 | $ 292,000 | $ 146,000 | $ 157,000 |
| Crow Wing, Minnesota | 2 | $ 359,000 | $ 179,500 | $ 280,000 |
| Douglas, Minnesota | 2 | $ 294,000 | $ 147,000 | $ 21,000 |
| Houston, Minnesota | 2 | $ 31,000 | $ 15,500 | $ 81,000 |
| Le Sueur, Minnesota | 2 | $ 115,000 | $ 57,500 | $ 50,000 |
| Morrison, Minnesota | 2 | $ 95,000 | $ 47,500 | $ 53,000 |
| Sibley, Minnesota | 2 | $ 165,000 | $ 82,500 | $ 98,000 |
| Day, South Dakota | 2 | $ 204,000 | $ 102,000 | $ 129,000 |
| Milwaukee, Wisconsin | 2 | $ 30,000 | $ 15,000 | $ 66,000 |
| Fairfield, Connecticut | 1 | $ 2,125,000 | $ 2,125,000 | $ 593,000 |
| Brevard, Florida | 1 | $ 25,000 | $ 25,000 | $ 216,000 |
| Palm Beach, Florida | 1 | $ 82,000 | $ 82,000 | $ 180,000 |
| Sarasota, Florida | 1 | $ 1,528,000 | $ 1,528,000 | $ 0 |
| Sumter, Florida | 1 | $ 22,000 | $ 22,000 | $ 197,000 |
| Aitkin, Minnesota | 1 | $ 21,000 | $ 21,000 | $ 70,000 |
| Benton, Minnesota | 1 | $ 30,000 | $ 30,000 | $ 30,000 |
| Blue Earth, Minnesota | 1 | $ 30,000 | $ 30,000 | $ 43,000 |
| Carlton, Minnesota | 1 | $ 5,000 | $ 5,000 | $ 31,000 |
| Dodge, Minnesota | 1 | $ 15,000 | $ 15,000 | $ 35,000 |
| Hubbard, Minnesota | 1 | $ 5,000 | $ 5,000 | $ 42,000 |
| Lyon, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 25,000 |
| Marshall, Minnesota | 1 | $ 15,000 | $ 15,000 | $ 20,000 |
| McLeod, Minnesota | 1 | $ 160,000 | $ 160,000 | $ 96,000 |
| Norman, Minnesota | 1 | $ 10,000 | $ 10,000 | $ 96,000 |
| Olmsted, Minnesota | 1 | $ 29,000 | $ 29,000 | $ 0 |
| Roseau, Minnesota | 1 | $ 16,000 | $ 16,000 | $ 37,000 |
| Todd, Minnesota | 1 | $ 80,000 | $ 80,000 | $ 216,000 |
| Butler, Ohio | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Horry, South Carolina | 1 | $ 168,000 | $ 168,000 | $ 0 |
| Salt Lake, Utah | 1 | $ 1,160,000 | $ 1,160,000 | $ 0 |
| Burnett, Wisconsin | 1 | $ 50,000 | $ 50,000 | $ 86,000 |
| Columbia, Wisconsin | 1 | $ 20,000 | $ 20,000 | $ 106,000 |
| Eau Claire, Wisconsin | 1 | $ 1,860,000 | $ 1,860,000 | $ 0 |
| Polk, Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 62,000 |
| Price, Wisconsin | 1 | $ 247,000 | $ 247,000 | $ 84,000 |
| Sauk, Wisconsin | 1 | $ 174,000 | $ 174,000 | $ 228,000 |
| Waukesha, Wisconsin | 1 | $ 36,000 | $ 36,000 | $ 134,000 |
Mortgage Loan Application Detail Totals for Associated Bank Minnesota, N.A 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 Improvement | 636 | $26,647,000 | $45,750 | $1,000,000 | $122,000 | $819,000 |
| Home Purchase | 205 | $30,524,000 | $911,444 | $4,600,000 | $249,555 | $1,312,000 |
| Refinancing | 151 | $46,553,000 | $418,750 | $8,959,000 | $73,250 | $1,047,000 |
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 | 785 | $83,664,000 | $625,875 | $8,959,000 | $206,625 | $1,047,000 |
| Not Provided | 67 | $2,950,000 | $44,000 | $286,000 | $75,000 | $228,000 |
| Not applicable | 39 | $9,210,000 | $758,000 | $1,528,000 | $0 | $0 |
| American Indian or Alaskan Native | 35 | $5,264,000 | $132,200 | $1,073,000 | $231,200 | $1,312,000 |
| Asian | 26 | $1,043,000 | $40,000 | $100,000 | $58,000 | $128,000 |
| Black or African American | 22 | $875,000 | $39,000 | $201,000 | $106,000 | $316,000 |
| Hispanic | 15 | $567,000 | $37,000 | $174,000 | $58,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $151,000 | $50,000 | $131,000 | $64,000 | $126,000 |
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) | 992 | $103,724,000 | $679,300 | $8,959,000 | $178,900 | $1,312,000 |
| 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 |
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 | 759 | $88,436,000 | $810,875 | $8,959,000 | $201,875 | $1,312,000 |
| Application Denied By Financial Institution | 135 | $9,135,000 | $109,500 | $2,185,000 | $95,750 | $840,000 |
| Application Approved But Not Accepted | 70 | $3,618,000 | $35,000 | $312,000 | $89,500 | $352,000 |
| Application Withdrawn By Applicant | 24 | $1,897,000 | $155,000 | $323,000 | $66,500 | $282,000 |
| Preapproval Denied by Financial Institution | 4 | $638,000 | $159,000 | $268,000 | $124,000 | $228,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 49 | $2,115,000 | $43,000 | $199,000 | $58,000 | $202,000 |
| Credit History | 34 | $1,624,000 | $75,500 | $330,000 | $95,000 | $412,000 |
| Credit Application Incomplete | 23 | $3,986,000 | $155,333 | $2,185,000 | $75,333 | $436,000 |
| Other | 23 | $1,291,000 | $112,333 | $160,000 | $94,333 | $180,000 |
| Collateral | 8 | $692,000 | $107,000 | $375,000 | $256,000 | $840,000 |
| Employment History | 2 | $65,000 | $32,000 | $35,000 | $45,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Associated Bank Minnesota, N.A'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 Associated Bank Minnesota, N.A'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 Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
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