First Central State Bank Mortgage Lending & HMDA Data, 2018
In 2018, First Central State Bank of De Witt, IA reported 162 mortgage applications totaling $29.2 million, down 44% from 2017. The average application was for $180,185, and applicants reported an average income of $100,864. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (103), Chicago-Naperville-Arlington Heights, IL (12) and Iowa City, IA (3) (applications in parentheses).
| Mortgage Company & Address | First Central State Bank 914 6th Ave De Witt, IA 52742 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 2004 2003 |
| Total Number of Mortgage Applications | 162 |
| Total Mortgage Loan Application Amount | $29,190,000 |
| Average Mortgage Loan Application Amount | $180,185 |
| Highest Mortgage Loan Application Amount | $2,425,000 |
| Average Applicant Income | $100,864 |
| Highest Applicant Income | $496,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Central State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Davenport-Moline-Rock Island, IA-IL | 103 | $ 20,825,000 | $ 202,184 | $ 104,873 |
| Outside any metro area | 38 | $ 5,320,000 | $ 140,000 | $ 84,000 |
| Chicago-Naperville-Arlington Heights, IL | 12 | $ 2,010,000 | $ 167,500 | $ 0 |
| Iowa City, IA | 3 | $ 515,000 | $ 171,666 | $ 194,000 |
| Peoria, IL | 2 | $ 160,000 | $ 80,000 | $ 117,000 |
| Cedar Rapids, IA | 1 | $ 55,000 | $ 55,000 | $ 85,000 |
| Des Moines-West Des Moines, IA | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Dubuque, IA | 1 | $ 125,000 | $ 125,000 | $ 91,000 |
| Elgin, IL | 1 | $ 95,000 | $ 95,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Central State Bank in 2018
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 | 106 | $18,360,000 | $173,000 | $835,000 | $104,000 | $496,000 |
| Refinancing | 33 | $9,585,000 | $290,000 | $2,425,000 | $90,000 | $386,000 |
| Other Purpose | 10 | $690,000 | $69,000 | $325,000 | $97,000 | $320,000 |
| Home Improvement | 10 | $360,000 | $36,000 | $115,000 | $119,000 | $172,000 |
| Cash-out Refinancing | 3 | $195,000 | $65,000 | $75,000 | $62,000 | $85,000 |
| 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 | 100 | $13,530,000 | $135,000 | $535,000 | $102,000 | $496,000 |
| Not applicable | 57 | $15,155,000 | $265,000 | $2,425,000 | $0 | $0 |
| Not Provided | 2 | $190,000 | $95,000 | $105,000 | $32,000 | $36,000 |
| Hispanic | 2 | $290,000 | $145,000 | $185,000 | $108,000 | $172,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $25,000 | $25,000 | $25,000 | $86,000 | $86,000 |
| 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 |
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) | 159 | $28,945,000 | $182,000 | $2,425,000 | $102,000 | $496,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $245,000 | $81,000 | $105,000 | $47,000 | $60,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 140 | $20,130,000 | $143,000 | $725,000 | $106,000 | $496,000 |
| Application Withdrawn By Applicant | 10 | $4,920,000 | $492,000 | $2,425,000 | $63,000 | $92,000 |
| Application Denied By Financial Institution | 6 | $1,880,000 | $313,000 | $1,005,000 | $52,000 | $85,000 |
| Application Approved But Not Accepted | 5 | $2,185,000 | $437,000 | $1,105,000 | $72,000 | $72,000 |
| File Closed For Incompleteness | 1 | $75,000 | $75,000 | $75,000 | $54,000 | $54,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 162 | $29,190,000 | $180,000 | $2,425,000 | $101,000 | $496,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Central State Bank's 2018 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 First Central State Bank'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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