Bankwest, Inc. Mortgage Lending & HMDA Data, 2020

In 2020, Bankwest, Inc. of Pierre, SD reported 2,128 mortgage applications totaling $281.8 million, up 36% from 2019. The average application was for $132,434, and applicants reported an average income of $82,028. 57% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (338), Rapid City, SD (192) and Sioux Falls, SD (117) (applications in parentheses).

Mortgage Company & Address Bankwest, Inc.
420 S. Pierre Street, Po Box 998
Pierre, SD 57501
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  
Total Number of Mortgage Applications 2,128
Total Mortgage Loan Application Amount $281,820,000
Average Mortgage Loan Application Amount $132,434
Highest Mortgage Loan Application Amount $16,455,000
Average Applicant Income $82,028
Highest Applicant Income $868,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankwest, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Bankwest, Inc. by County in 2020

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hughes, South Dakota 320 $ 55,520,000 $ 173,500 $ 93,000
Davison, South Dakota 187 $ 30,145,000 $ 161,203 $ 91,000
Pennington, South Dakota 150 $ 41,140,000 $ 274,266 $ 95,000
Anoka, Minnesota 97 $ 5,535,000 $ 57,061 $ 60,000
Minnehaha, South Dakota 71 $ 5,375,000 $ 75,704 $ 63,000
Dakota, Minnesota 59 $ 3,845,000 $ 65,169 $ 68,000
Washington, Minnesota 44 $ 2,590,000 $ 58,863 $ 64,000
Meade, South Dakota 42 $ 6,890,000 $ 164,047 $ 89,000
Lawrence, South Dakota 41 $ 6,645,000 $ 162,073 $ 111,000
Stanley, South Dakota 40 $ 8,370,000 $ 209,250 $ 103,000
Ramsey, Minnesota 36 $ 1,830,000 $ 50,833 $ 65,000
Tripp, South Dakota 36 $ 4,340,000 $ 120,555 $ 87,000
Lake, South Dakota 32 $ 8,560,000 $ 267,500 $ 102,000
Lincoln, South Dakota 31 $ 3,885,000 $ 125,322 $ 99,000
Hennepin, Minnesota 30 $ 3,970,000 $ 132,333 $ 77,000
Wright, Minnesota 28 $ 2,120,000 $ 75,714 $ 83,000
Walworth, South Dakota 23 $ 3,245,000 $ 141,086 $ 83,000
Beadle, South Dakota 21 $ 2,555,000 $ 121,666 $ 68,000
Sully, South Dakota 21 $ 4,705,000 $ 224,047 $ 101,000
Chisago, Minnesota 18 $ 1,100,000 $ 61,111 $ 56,000
Custer, South Dakota 18 $ 2,120,000 $ 117,777 $ 89,000
Gregory, South Dakota 18 $ 2,490,000 $ 138,333 $ 69,000
Hanson, South Dakota 17 $ 2,725,000 $ 160,294 $ 93,000
Williams, North Dakota 16 $ 3,180,000 $ 198,750 $ 104,000
Stark, North Dakota 15 $ 1,465,000 $ 97,666 $ 112,000
Lyman, South Dakota 15 $ 1,725,000 $ 115,000 $ 65,000
Douglas, South Dakota 14 $ 1,970,000 $ 140,714 $ 72,000
Brown, South Dakota 13 $ 1,515,000 $ 116,538 $ 62,000
Yellowstone, Montana 12 $ 570,000 $ 47,500 $ 63,000
Butte, South Dakota 12 $ 1,110,000 $ 92,500 $ 48,000
Hutchinson, South Dakota 11 $ 1,025,000 $ 93,181 $ 74,000
Spink, South Dakota 11 $ 725,000 $ 65,909 $ 136,000
Isanti, Minnesota 9 $ 515,000 $ 57,222 $ 53,000
Aurora, South Dakota 9 $ 1,465,000 $ 162,777 $ 87,000
Brule, South Dakota 9 $ 1,125,000 $ 125,000 $ 172,000
Yankton, South Dakota 9 $ 955,000 $ 106,111 $ 83,000
Story, Iowa 8 $ 290,000 $ 36,250 $ 59,000
McKenzie, North Dakota 8 $ 1,610,000 $ 201,250 $ 113,000
Charles Mix, South Dakota 8 $ 1,070,000 $ 133,750 $ 90,000
Fall River, South Dakota 8 $ 940,000 $ 117,500 $ 86,000
Turner, South Dakota 8 $ 910,000 $ 113,750 $ 60,000
Scott, Minnesota 7 $ 475,000 $ 67,857 $ 93,000
McCook, South Dakota 7 $ 1,045,000 $ 149,285 $ 92,000
Potter, South Dakota 7 $ 785,000 $ 112,142 $ 107,000
Sweetwater, Wyoming 7 $ 665,000 $ 95,000 $ 95,000
Goodhue, Minnesota 6 $ 250,000 $ 41,666 $ 56,000
Edmunds, South Dakota 6 $ 1,120,000 $ 186,666 $ 133,000
Jackson, South Dakota 6 $ 410,000 $ 68,333 $ 57,000
Jerauld, South Dakota 6 $ 800,000 $ 133,333 $ 65,000
Jones, South Dakota 6 $ 930,000 $ 155,000 $ 63,000
Carver, Minnesota 5 $ 585,000 $ 117,000 $ 62,000
Crow Wing, Minnesota 5 $ 145,000 $ 29,000 $ 48,000
Sherburne, Minnesota 5 $ 285,000 $ 57,000 $ 73,000
Burleigh, North Dakota 5 $ 795,000 $ 159,000 $ 74,000
Ward, North Dakota 5 $ 595,000 $ 119,000 $ 102,000
Brookings, South Dakota 5 $ 725,000 $ 145,000 $ 87,000
Clay, South Dakota 5 $ 175,000 $ 35,000 $ 55,000
Hamlin, South Dakota 5 $ 415,000 $ 83,000 $ 48,000
Park, Wyoming 5 $ 535,000 $ 107,000 $ 74,000
Blue Earth, Minnesota 4 $ 220,000 $ 55,000 $ 92,000
Nicollet, Minnesota 4 $ 210,000 $ 52,500 $ 67,000
Stillwater, Montana 4 $ 390,000 $ 97,500 $ 91,000
Sioux, North Dakota 4 $ 350,000 $ 87,500 $ 93,000
Bennett, South Dakota 4 $ 460,000 $ 115,000 $ 49,000
Campbell, Wyoming 4 $ 460,000 $ 115,000 $ 63,000
Warren, Iowa 3 $ 75,000 $ 25,000 $ 56,000
Jackson, Minnesota 3 $ 115,000 $ 38,333 $ 44,000
St. Louis, Minnesota 3 $ 125,000 $ 41,666 $ 31,000
Gallatin, Montana 3 $ 165,000 $ 55,000 $ 50,000
Missoula, Montana 3 $ 245,000 $ 81,666 $ 69,000
Roosevelt, Montana 3 $ 325,000 $ 108,333 $ 128,000
Lincoln, Nebraska 3 $ 165,000 $ 55,000 $ 51,000
Cass, North Dakota 3 $ 95,000 $ 31,666 $ 72,000
Morton, North Dakota 3 $ 125,000 $ 41,666 $ 61,000
Bon Homme, South Dakota 3 $ 195,000 $ 65,000 $ 57,000
Codington, South Dakota 3 $ 205,000 $ 68,333 $ 118,000
Haakon, South Dakota 3 $ 235,000 $ 78,333 $ 91,000
Hand, South Dakota 3 $ 325,000 $ 108,333 $ 106,000
Hyde, South Dakota 3 $ 225,000 $ 75,000 $ 63,000
Marshall, South Dakota 3 $ 305,000 $ 101,666 $ 52,000
Mellette, South Dakota 3 $ 335,000 $ 111,666 $ 87,000
Miner, South Dakota 3 $ 505,000 $ 168,333 $ 0
Roberts, South Dakota 3 $ 275,000 $ 91,666 $ 53,000
Sanborn, South Dakota 3 $ 665,000 $ 221,666 $ 88,000
Maricopa, Arizona 2 $ 480,000 $ 240,000 $ 102,000
Pima, Arizona 2 $ 690,000 $ 345,000 $ 0
Dallas, Iowa 2 $ 110,000 $ 55,000 $ 72,000
Johnson, Iowa 2 $ 90,000 $ 45,000 $ 51,000
Woodbury, Iowa 2 $ 120,000 $ 60,000 $ 92,000
Olmsted, Minnesota 2 $ 120,000 $ 60,000 $ 66,000
Wabasha, Minnesota 2 $ 140,000 $ 70,000 $ 33,000
Carbon, Montana 2 $ 200,000 $ 100,000 $ 59,000
Carter, Montana 2 $ 210,000 $ 105,000 $ 63,000
Sheridan, Montana 2 $ 260,000 $ 130,000 $ 82,000
Box Butte, Nebraska 2 $ 180,000 $ 90,000 $ 60,000
Buffalo, Nebraska 2 $ 70,000 $ 35,000 $ 11,000
Dawson, Nebraska 2 $ 290,000 $ 145,000 $ 54,000
Lancaster, Nebraska 2 $ 120,000 $ 60,000 $ 44,000
Clark, Nevada 2 $ 390,000 $ 195,000 $ 274,000
McLean, North Dakota 2 $ 180,000 $ 90,000 $ 141,000
Mountrail, North Dakota 2 $ 110,000 $ 55,000 $ 134,000
Rolette, North Dakota 2 $ 120,000 $ 60,000 $ 60,000
Sargent, North Dakota 2 $ 250,000 $ 125,000 $ 76,000
Sheridan, North Dakota 2 $ 370,000 $ 185,000 $ 22,000
Campbell, South Dakota 2 $ 160,000 $ 80,000 $ 137,000
Corson, South Dakota 2 $ 170,000 $ 85,000 $ 51,000
Day, South Dakota 2 $ 160,000 $ 80,000 $ 53,000
Harding, South Dakota 2 $ 140,000 $ 70,000 $ 198,000
McPherson, South Dakota 2 $ 180,000 $ 90,000 $ 72,000
Todd, South Dakota 2 $ 290,000 $ 145,000 $ 55,000
Union, South Dakota 2 $ 60,000 $ 30,000 $ 49,000
Ziebach, South Dakota 2 $ 230,000 $ 115,000 $ 123,000
Big Horn, Wyoming 2 $ 110,000 $ 55,000 $ 42,000
Crook, Wyoming 2 $ 140,000 $ 70,000 $ 115,000
Weston, Wyoming 2 $ 290,000 $ 145,000 $ 60,000
Pinal, Arizona 1 $ 235,000 $ 235,000 $ 260,000
Douglas, Colorado 1 $ 275,000 $ 275,000 $ 84,000
Gunnison, Colorado 1 $ 415,000 $ 415,000 $ 122,000
Monroe, Florida 1 $ 515,000 $ 515,000 $ 0
Dubuque, Iowa 1 $ 25,000 $ 25,000 $ 37,000
Marion, Iowa 1 $ 35,000 $ 35,000 $ 34,000
Johnson, Kansas 1 $ 145,000 $ 145,000 $ 83,000
Aitkin, Minnesota 1 $ 115,000 $ 115,000 $ 74,000
Beltrami, Minnesota 1 $ 55,000 $ 55,000 $ 41,000
Carlton, Minnesota 1 $ 25,000 $ 25,000 $ 24,000
Kanabec, Minnesota 1 $ 25,000 $ 25,000 $ 68,000
Meeker, Minnesota 1 $ 55,000 $ 55,000 $ 68,000
Morrison, Minnesota 1 $ 115,000 $ 115,000 $ 66,000
Otter Tail, Minnesota 1 $ 55,000 $ 55,000 $ 54,000
Stearns, Minnesota 1 $ 15,000 $ 15,000 $ 34,000
Steele, Minnesota 1 $ 45,000 $ 45,000 $ 66,000
Cass, Missouri 1 $ 515,000 $ 515,000 $ 433,000
Big Horn, Montana 1 $ 25,000 $ 25,000 $ 43,000
Broadwater, Montana 1 $ 85,000 $ 85,000 $ 52,000
Cascade, Montana 1 $ 255,000 $ 255,000 $ 90,000
Custer, Montana 1 $ 125,000 $ 125,000 $ 80,000
Fallon, Montana 1 $ 35,000 $ 35,000 $ 107,000
Jefferson, Montana 1 $ 115,000 $ 115,000 $ 18,000
Madison, Montana 1 $ 55,000 $ 55,000 $ 146,000
Musselshell, Montana 1 $ 75,000 $ 75,000 $ 53,000
Park, Montana 1 $ 55,000 $ 55,000 $ 19,000
Prairie, Montana 1 $ 85,000 $ 85,000 $ 83,000
Richland, Montana 1 $ 155,000 $ 155,000 $ 292,000
Sanders, Montana 1 $ 95,000 $ 95,000 $ 133,000
Toole, Montana 1 $ 65,000 $ 65,000 $ 70,000
Boone, Nebraska 1 $ 115,000 $ 115,000 $ 31,000
Cherry, Nebraska 1 $ 15,000 $ 15,000 $ 47,000
Cheyenne, Nebraska 1 $ 85,000 $ 85,000 $ 27,000
Douglas, Nebraska 1 $ 295,000 $ 295,000 $ 107,000
Knox, Nebraska 1 $ 25,000 $ 25,000 $ 101,000
Madison, Nebraska 1 $ 205,000 $ 205,000 $ 49,000
Phelps, Nebraska 1 $ 275,000 $ 275,000 $ 117,000
Sarpy, Nebraska 1 $ 85,000 $ 85,000 $ 56,000
Thurston, Nebraska 1 $ 85,000 $ 85,000 $ 28,000
Sussex, New Jersey 1 $ 45,000 $ 45,000 $ 52,000
Adams, North Dakota 1 $ 45,000 $ 45,000 $ 0
Benson, North Dakota 1 $ 135,000 $ 135,000 $ 52,000
Dunn, North Dakota 1 $ 55,000 $ 55,000 $ 52,000
Golden Valley, North Dakota 1 $ 105,000 $ 105,000 $ 130,000
Grand Forks, North Dakota 1 $ 95,000 $ 95,000 $ 52,000
Kidder, North Dakota 1 $ 105,000 $ 105,000 $ 49,000
LaMoure, North Dakota 1 $ 75,000 $ 75,000 $ 58,000
McHenry, North Dakota 1 $ 185,000 $ 185,000 $ 113,000
Mercer, North Dakota 1 $ 305,000 $ 305,000 $ 100,000
Richland, North Dakota 1 $ 45,000 $ 45,000 $ 42,000
Stutsman, North Dakota 1 $ 25,000 $ 25,000 $ 20,000
Allegheny, Pennsylvania 1 $ 225,000 $ 225,000 $ 171,000
Clark, South Dakota 1 $ 255,000 $ 255,000 $ 240,000
Dewey, South Dakota 1 $ 55,000 $ 55,000 $ 29,000
Kingsbury, South Dakota 1 $ 35,000 $ 35,000 $ 83,000
Maury, Tennessee 1 $ 465,000 $ 465,000 $ 146,000
Burnett, Wisconsin 1 $ 305,000 $ 305,000 $ 231,000
Carbon, Wyoming 1 $ 85,000 $ 85,000 $ 180,000
Converse, Wyoming 1 $ 35,000 $ 35,000 $ 101,000
Fremont, Wyoming 1 $ 55,000 $ 55,000 $ 71,000
Goshen, Wyoming 1 $ 45,000 $ 45,000 $ 71,000
Sheridan, Wyoming 1 $ 55,000 $ 55,000 $ 65,000

Mortgage Loan Application Detail Totals for Bankwest, Inc. in 2020

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 1,466 $147,270,000 $100,000 $1,055,000 $73,000 $868,000
Refinancing 387 $89,825,000 $232,000 $16,455,000 $103,000 $498,000
Cash-out Refinancing 215 $41,505,000 $193,000 $515,000 $103,000 $737,000
Home Improvement 37 $1,445,000 $39,000 $205,000 $88,000 $240,000
Other Purpose 23 $1,775,000 $77,000 $325,000 $99,000 $206,000
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 1,710 $225,420,000 $131,000 $1,605,000 $84,000 $868,000
Hispanic 114 $7,610,000 $66,000 $305,000 $58,000 $180,000
Not Provided 103 $10,275,000 $99,000 $685,000 $88,000 $498,000
American Indian or Alaskan Native 72 $6,850,000 $95,000 $425,000 $77,000 $768,000
Asian 56 $3,590,000 $64,000 $275,000 $64,000 $149,000
Not applicable 37 $25,385,000 $686,000 $16,455,000 $0 $0
Black or African American 30 $2,140,000 $71,000 $205,000 $73,000 $290,000
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) 1,908 $244,970,000 $128,000 $16,455,000 $84,000 $868,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 130 $19,700,000 $151,000 $275,000 $55,000 $122,000
FHA-insured (Federal Housing Administration) 50 $8,290,000 $165,000 $305,000 $68,000 $163,000
VA-guaranteed (Veterans Administration) 40 $8,860,000 $221,000 $425,000 $86,000 $197,000

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 1,207 $206,155,000 $170,000 $16,455,000 $94,000 $868,000
Application Denied By Financial Institution 665 $44,495,000 $66,000 $475,000 $60,000 $768,000
Application Withdrawn By Applicant 232 $28,480,000 $122,000 $1,605,000 $83,000 $336,000
File Closed For Incompleteness 23 $2,655,000 $115,000 $395,000 $75,000 $178,000
Application Approved But Not Accepted 1 $35,000 $35,000 $35,000 $72,000 $72,000
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 1,463 $237,325,000 $162,000 $16,455,000 $92,000 $868,000
Debt-To-Income Ratio 310 $22,060,000 $71,000 $475,000 $45,000 $180,000
Credit History 295 $17,175,000 $58,000 $415,000 $67,000 $768,000
Insufficient Cash (Downpayment, Closing Cost) 31 $2,235,000 $72,000 $185,000 $94,000 $285,000
Collateral 14 $1,750,000 $125,000 $325,000 $141,000 $407,000
Unverifiable Information 9 $465,000 $51,000 $95,000 $36,000 $87,000
Other 4 $710,000 $177,000 $305,000 $279,000 $737,000
Employment History 2 $100,000 $50,000 $65,000 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bankwest, Inc.'s 2020 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 Bankwest, Inc.'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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