Dakota Community Bank & Trust, NA Mortgage Lending & HMDA Data, 2008
In 2008, Dakota Community Bank & Trust, NA of Hebron, ND reported 1,025 mortgage applications totaling $124.3 million, up 9% from 2007. The average application was for $121,292, and applicants reported an average income of $68,481. 83% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Bismarck, ND (706), Fargo, ND-MN (4) and Grand Forks, ND-MN (2) (applications in parentheses).
| Mortgage Company & Address | Dakota Community Bank & Trust, NA 608 Main Street Hebron, ND 58638 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 | 1,025 |
| Total Mortgage Loan Application Amount | $124,325,000 |
| Average Mortgage Loan Application Amount | $121,292 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $68,481 |
| Highest Applicant Income | $1,191,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dakota Community Bank & Trust, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bismarck, ND | 706 | $ 88,818,000 | $ 125,804 | $ 67,000 |
| Fargo, ND-MN | 4 | $ 533,000 | $ 133,250 | $ 56,250 |
| Grand Forks, ND-MN | 2 | $ 290,000 | $ 145,000 | $ 115,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 672,000 | $ 336,000 | $ 78,000 |
| Fort Worth-Arlington, TX | 1 | $ 94,000 | $ 94,000 | $ 25,000 |
| Rapid City, SD | 1 | $ 98,000 | $ 98,000 | $ 71,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 334,000 | $ 334,000 | $ 286,000 |
Mortgage Loan Application Detail Totals for Dakota Community Bank & Trust, NA in 2008
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 | 631 | $82,744,000 | $131,000 | $1,400,000 | $68,000 | $1,191,000 |
| Refinancing | 308 | $37,861,000 | $122,000 | $950,000 | $71,000 | $875,000 |
| Home Improvement | 86 | $3,720,000 | $43,000 | $312,000 | $63,000 | $188,000 |
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 | 940 | $113,881,000 | $121,000 | $1,400,000 | $69,000 | $1,191,000 |
| Not Provided | 41 | $4,708,000 | $114,000 | $552,000 | $71,000 | $298,000 |
| Not applicable | 17 | $2,520,000 | $148,000 | $430,000 | $0 | $0 |
| American Indian or Alaskan Native | 17 | $2,226,000 | $130,000 | $307,000 | $67,000 | $163,000 |
| Black or African American | 3 | $312,000 | $104,000 | $182,000 | $27,000 | $40,000 |
| Hispanic | 3 | $175,000 | $58,000 | $81,000 | $58,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $395,000 | $131,000 | $194,000 | $79,000 | $122,000 |
| Asian | 1 | $108,000 | $108,000 | $108,000 | $490,000 | $490,000 |
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) | 693 | $79,376,000 | $114,000 | $1,400,000 | $74,000 | $1,191,000 |
| FHA-insured (Federal Housing Administration) | 208 | $28,691,000 | $137,000 | $307,000 | $61,000 | $213,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 88 | $11,262,000 | $127,000 | $294,000 | $44,000 | $89,000 |
| VA-guaranteed (Veterans Administration) | 36 | $4,996,000 | $138,000 | $254,000 | $56,000 | $122,000 |
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 | 852 | $106,756,000 | $125,000 | $1,400,000 | $70,000 | $1,191,000 |
| Application Denied By Financial Institution | 74 | $7,852,000 | $106,000 | $950,000 | $50,000 | $180,000 |
| Application Approved But Not Accepted | 67 | $7,493,000 | $111,000 | $434,000 | $70,000 | $278,000 |
| Application Withdrawn By Applicant | 31 | $2,204,000 | $71,000 | $334,000 | $51,000 | $286,000 |
| File Closed For Incompleteness | 1 | $20,000 | $20,000 | $20,000 | $61,000 | $61,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 34 | $1,731,000 | $50,000 | $176,000 | $41,000 | $80,000 |
| Debt-To-Income Ratio | 18 | $2,316,000 | $128,000 | $410,000 | $54,000 | $180,000 |
| Collateral | 18 | $3,351,000 | $186,000 | $950,000 | $64,000 | $145,000 |
| Other | 2 | $221,000 | $110,000 | $121,000 | $55,000 | $63,000 |
| Employment History | 2 | $233,000 | $116,000 | $130,000 | $21,000 | $34,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Dakota Community Bank & Trust, NA's 2008 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 Dakota Community Bank & Trust, NA'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 North Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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