Cedar Valley Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Cedar Valley Bank & Trust of La Porte City, IA reported 63 mortgage applications totaling $5.2 million, up 3% from 2016. The average application was for $82,873, and applicants reported an average income of $76,349. 87% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Cedar Rapids, IA (43), Waterloo-Cedar Falls, IA (9) and Omaha-Council Bluffs, NE-IA (2) (applications in parentheses).
| Mortgage Company & Address | Cedar Valley Bank & Trust 321 Main St La Porte City, IA 50651 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2005 |
| Total Number of Mortgage Applications | 63 |
| Total Mortgage Loan Application Amount | $5,221,000 |
| Average Mortgage Loan Application Amount | $82,873 |
| Highest Mortgage Loan Application Amount | $332,000 |
| Average Applicant Income | $76,349 |
| Highest Applicant Income | $516,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cedar Valley Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Cedar Valley Bank & Trust in 2017
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 | 31 | $2,387,000 | $77,000 | $274,000 | $70,000 | $358,000 |
| Refinancing | 16 | $1,643,000 | $102,000 | $332,000 | $99,000 | $516,000 |
| Home Improvement | 16 | $1,191,000 | $74,000 | $200,000 | $66,000 | $143,000 |
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 | 54 | $4,556,000 | $84,000 | $332,000 | $79,000 | $516,000 |
| Not Provided | 6 | $318,000 | $53,000 | $117,000 | $86,000 | $101,000 |
| American Indian or Alaskan Native | 2 | $73,000 | $36,000 | $38,000 | $14,000 | $14,000 |
| Not applicable | 1 | $274,000 | $274,000 | $274,000 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 63 | $5,221,000 | $82,000 | $332,000 | $76,000 | $516,000 |
| 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 | 55 | $4,609,000 | $83,000 | $332,000 | $81,000 | $516,000 |
| Application Denied By Financial Institution | 4 | $266,000 | $66,000 | $85,000 | $45,000 | $60,000 |
| Application Withdrawn By Applicant | 3 | $304,000 | $101,000 | $105,000 | $59,000 | $89,000 |
| Application Approved But Not Accepted | 1 | $42,000 | $42,000 | $42,000 | $12,000 | $12,000 |
| 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 |
| 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 | 2 | $144,000 | $72,000 | $85,000 | $49,000 | $60,000 |
| Debt-To-Income Ratio | 1 | $70,000 | $70,000 | $70,000 | $49,000 | $49,000 |
| Collateral | 1 | $52,000 | $52,000 | $52,000 | $35,000 | $35,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cedar Valley Bank & Trust's 2017 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 Cedar Valley 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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