Farmers Savings Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Farmers Savings Bank & Trust of Vinton, IA reported 43 mortgage applications totaling $4.6 million, down 14% from 2016. The average application was for $106,302, and applicants reported an average income of $65,720. 95% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cedar Rapids, IA (28) and Waterloo-Cedar Falls, IA (3).
| Mortgage Company & Address | Farmers Savings Bank & Trust 401 B Ave Vinton, IA 52349 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 43 |
| Total Mortgage Loan Application Amount | $4,571,000 |
| Average Mortgage Loan Application Amount | $106,302 |
| Highest Mortgage Loan Application Amount | $450,000 |
| Average Applicant Income | $65,720 |
| Highest Applicant Income | $220,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers Savings Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Benton, Iowa | 27 | $ 3,219,000 | $ 119,222 | $ 71,000 |
| Tama, Iowa | 11 | $ 762,000 | $ 69,272 | $ 34,000 |
| Black Hawk, Iowa | 3 | $ 250,000 | $ 83,333 | $ 99,000 |
| Buchanan, Iowa | 1 | $ 140,000 | $ 140,000 | $ 58,000 |
| Linn, Iowa | 1 | $ 200,000 | $ 200,000 | $ 184,000 |
Mortgage Loan Application Detail Totals for Farmers Savings 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 | 25 | $2,612,000 | $104,000 | $450,000 | $68,000 | $184,000 |
| Refinancing | 14 | $1,496,000 | $106,000 | $268,000 | $59,000 | $220,000 |
| Home Improvement | 4 | $463,000 | $115,000 | $246,000 | $75,000 | $136,000 |
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 | 33 | $3,964,000 | $120,000 | $450,000 | $86,000 | $220,000 |
| Not applicable | 10 | $607,000 | $60,000 | $214,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $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) | 43 | $4,571,000 | $106,000 | $450,000 | $66,000 | $220,000 |
| 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 | 41 | $4,363,000 | $106,000 | $450,000 | $66,000 | $220,000 |
| Application Denied By Financial Institution | 2 | $208,000 | $104,000 | $140,000 | $48,000 | $58,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 1 | $68,000 | $68,000 | $68,000 | $39,000 | $39,000 |
| Debt-To-Income Ratio | 1 | $140,000 | $140,000 | $140,000 | $58,000 | $58,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers Savings 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 Farmers Savings 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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with aggregated HMDA statistics today.
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