Two Rivers Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Two Rivers Bank & Trust of Burlington, IA reported 264 mortgage applications totaling $15.0 million. The average application was for $56,753, and applicants reported an average income of $55,507. 90% of its applications resulted in an originated loan and 7% were denied. Its largest market was Davenport-Moline-Rock Island, IA-IL (2).
| Mortgage Company & Address | Two Rivers Bank & Trust 222 N Main St Burlington, IA 52601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2005 |
| Total Number of Mortgage Applications | 264 |
| Total Mortgage Loan Application Amount | $14,983,000 |
| Average Mortgage Loan Application Amount | $56,753 |
| Highest Mortgage Loan Application Amount | $345,000 |
| Average Applicant Income | $55,507 |
| Highest Applicant Income | $397,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Two Rivers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Des Moines, Iowa | 207 | $ 11,150,000 | $ 53,864 | $ 43,000 |
| Louisa, Iowa | 22 | $ 1,163,000 | $ 52,863 | $ 56,000 |
| Henry, Iowa | 11 | $ 706,000 | $ 64,181 | $ 70,000 |
| Lee, Iowa | 10 | $ 980,000 | $ 98,000 | $ 48,000 |
| Henderson, Illinois | 3 | $ 137,000 | $ 45,666 | $ 37,000 |
| Scott, Iowa | 2 | $ 180,000 | $ 90,000 | $ 31,000 |
| Knox, Illinois | 1 | $ 42,000 | $ 42,000 | $ 77,000 |
| McDonough, Illinois | 1 | $ 24,000 | $ 24,000 | $ 84,000 |
| Muscatine, Iowa | 1 | $ 163,000 | $ 163,000 | $ 318,000 |
Mortgage Loan Application Detail Totals for Two Rivers Bank & Trust in 2005
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 | 130 | $6,117,000 | $45,000 | $200,000 | $62,000 | $255,000 |
| Home Purchase | 94 | $8,216,000 | $66,000 | $345,000 | $54,333 | $397,000 |
| Home Improvement | 40 | $650,000 | $16,000 | $192,000 | $46,000 | $119,000 |
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 | 251 | $14,315,000 | $54,666 | $345,000 | $56,666 | $397,000 |
| Black or African American | 6 | $192,000 | $32,000 | $75,000 | $32,000 | $50,000 |
| Hispanic | 6 | $400,000 | $80,000 | $139,000 | $67,500 | $187,000 |
| Asian | 1 | $76,000 | $76,000 | $76,000 | $8,000 | $8,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 262 | $14,882,000 | $57,666 | $345,000 | $58,000 | $397,000 |
| FHA-insured (Federal Housing Administration) | 1 | $50,000 | $50,000 | $50,000 | $32,000 | $32,000 |
| VA-guaranteed (Veterans Administration) | 1 | $51,000 | $51,000 | $51,000 | $26,000 | $26,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 238 | $13,030,000 | $36,000 | $345,000 | $52,000 | $397,000 |
| Application Denied By Financial Institution | 18 | $1,379,000 | $76,000 | $200,000 | $33,000 | $78,000 |
| Preapproval Denied by Financial Institution | 4 | $303,000 | $75,000 | $100,000 | $53,000 | $79,000 |
| Application Approved But Not Accepted | 2 | $126,000 | $63,000 | $101,000 | $53,000 | $66,000 |
| Preapproval Approved but not Accepted | 1 | $122,000 | $122,000 | $122,000 | $88,000 | $88,000 |
| Application Withdrawn By Applicant | 1 | $23,000 | $23,000 | $23,000 | $20,000 | $20,000 |
| File Closed For Incompleteness | 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 | 8 | $582,000 | $77,000 | $109,000 | $45,000 | $78,000 |
| Debt-To-Income Ratio | 6 | $556,000 | $92,000 | $200,000 | $22,000 | $46,000 |
| Employment History | 1 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 |
| Other | 1 | $20,000 | $20,000 | $20,000 | $12,000 | $12,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Two Rivers Bank & Trust's 2005 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 Two Rivers 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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