First Federal Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, First Federal Bank & Trust of Billings, MT reported 870 mortgage applications totaling $225.4 million. The average application was for $259,034, and applicants reported an average income of $121,389. 82% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Billings, MT (301), Casper, WY (9) and Cheyenne, WY (5) (applications in parentheses).
| Mortgage Company & Address | First Federal Bank & Trust Billings, MT 59106 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2023 2022 2021 |
| Total Number of Mortgage Applications | 870 |
| Total Mortgage Loan Application Amount | $225,360,000 |
| Average Mortgage Loan Application Amount | $259,034 |
| Highest Mortgage Loan Application Amount | $2,245,000 |
| Average Applicant Income | $121,389 |
| Highest Applicant Income | $1,440,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Sheridan, Wyoming | 435 | $ 117,895,000 | $ 271,022 | $ 126,000 |
| Yellowstone, Montana | 293 | $ 69,805,000 | $ 238,242 | $ 117,000 |
| Johnson, Wyoming | 16 | $ 5,020,000 | $ 313,750 | $ 131,000 |
| Natrona, Wyoming | 9 | $ 1,475,000 | $ 163,888 | $ 109,000 |
| Park, Wyoming | 9 | $ 1,625,000 | $ 180,555 | $ 90,000 |
| Richland, Montana | 8 | $ 1,860,000 | $ 232,500 | $ 112,000 |
| Gallatin, Montana | 7 | $ 4,635,000 | $ 662,142 | $ 229,000 |
| Lewis and Clark, Montana | 6 | $ 1,330,000 | $ 221,666 | $ 109,000 |
| Fergus, Montana | 5 | $ 705,000 | $ 141,000 | $ 29,000 |
| Laramie, Wyoming | 5 | $ 1,575,000 | $ 315,000 | $ 119,000 |
| Carbon, Montana | 4 | $ 910,000 | $ 227,500 | $ 148,000 |
| Missoula, Montana | 4 | $ 970,000 | $ 242,500 | $ 96,000 |
| Stillwater, Montana | 4 | $ 1,070,000 | $ 267,500 | $ 112,000 |
| Fremont, Wyoming | 4 | $ 560,000 | $ 140,000 | $ 86,000 |
| Osceola, Florida | 3 | $ 945,000 | $ 315,000 | $ 299,000 |
| Flathead, Montana | 3 | $ 1,555,000 | $ 518,333 | $ 102,000 |
| Albany, Wyoming | 3 | $ 915,000 | $ 305,000 | $ 104,000 |
| Campbell, Wyoming | 3 | $ 915,000 | $ 305,000 | $ 130,000 |
| Carbon, Wyoming | 3 | $ 665,000 | $ 221,666 | $ 61,000 |
| Converse, Wyoming | 3 | $ 595,000 | $ 198,333 | $ 94,000 |
| Custer, Montana | 2 | $ 230,000 | $ 115,000 | $ 67,000 |
| Dawson, Montana | 2 | $ 450,000 | $ 225,000 | $ 119,000 |
| Jefferson, Montana | 2 | $ 480,000 | $ 240,000 | $ 135,000 |
| Park, Montana | 2 | $ 300,000 | $ 150,000 | $ 89,000 |
| Ravalli, Montana | 2 | $ 660,000 | $ 330,000 | $ 87,000 |
| Rosebud, Montana | 2 | $ 340,000 | $ 170,000 | $ 64,000 |
| Marion, Oregon | 2 | $ 550,000 | $ 275,000 | $ 233,000 |
| Crook, Wyoming | 2 | $ 950,000 | $ 475,000 | $ 101,000 |
| Platte, Wyoming | 2 | $ 180,000 | $ 90,000 | $ 56,000 |
| Sweetwater, Wyoming | 2 | $ 470,000 | $ 235,000 | $ 122,000 |
| Washakie, Wyoming | 2 | $ 370,000 | $ 185,000 | $ 86,000 |
| Mohave, Arizona | 1 | $ 115,000 | $ 115,000 | $ 83,000 |
| Santa Cruz, Arizona | 1 | $ 155,000 | $ 155,000 | $ 42,000 |
| Sonoma, California | 1 | $ 275,000 | $ 275,000 | $ 228,000 |
| Denver, Colorado | 1 | $ 125,000 | $ 125,000 | $ 68,000 |
| Pueblo, Colorado | 1 | $ 355,000 | $ 355,000 | $ 93,000 |
| Sumter, Florida | 1 | $ 305,000 | $ 305,000 | $ 121,000 |
| Teton, Idaho | 1 | $ 535,000 | $ 535,000 | $ 94,000 |
| Cascade, Montana | 1 | $ 225,000 | $ 225,000 | $ 103,000 |
| Lincoln, Montana | 1 | $ 75,000 | $ 75,000 | $ 100,000 |
| Madison, Montana | 1 | $ 1,115,000 | $ 1,115,000 | $ 419,000 |
| Musselshell, Montana | 1 | $ 205,000 | $ 205,000 | $ 120,000 |
| Teton, Montana | 1 | $ 145,000 | $ 145,000 | $ 37,000 |
| Clark, Nevada | 1 | $ 105,000 | $ 105,000 | $ 71,000 |
| Burleigh, North Dakota | 1 | $ 175,000 | $ 175,000 | $ 92,000 |
| Grady, Oklahoma | 1 | $ 75,000 | $ 75,000 | $ 59,000 |
| Nueces, Texas | 1 | $ 135,000 | $ 135,000 | $ 128,000 |
| Salt Lake, Utah | 1 | $ 265,000 | $ 265,000 | $ 101,000 |
| Goshen, Wyoming | 1 | $ 145,000 | $ 145,000 | $ 41,000 |
| Lincoln, Wyoming | 1 | $ 255,000 | $ 255,000 | $ 142,000 |
| Sublette, Wyoming | 1 | $ 125,000 | $ 125,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for First Federal Bank & Trust in 2021
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 | 316 | $96,670,000 | $305,000 | $2,245,000 | $127,000 | $1,440,000 |
| Refinancing | 262 | $58,290,000 | $222,000 | $1,705,000 | $109,000 | $661,000 |
| Cash-out Refinancing | 257 | $65,925,000 | $256,000 | $1,515,000 | $123,000 | $885,000 |
| Home Improvement | 19 | $2,735,000 | $143,000 | $255,000 | $180,000 | $456,000 |
| Other Purpose | 16 | $1,740,000 | $108,000 | $305,000 | $118,000 | $360,000 |
| 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 | 723 | $181,515,000 | $251,000 | $2,245,000 | $119,000 | $1,440,000 |
| Not Provided | 87 | $24,975,000 | $287,000 | $1,515,000 | $152,000 | $1,126,000 |
| Not applicable | 28 | $11,210,000 | $400,000 | $1,705,000 | $0 | $0 |
| Hispanic | 21 | $4,535,000 | $215,000 | $415,000 | $76,000 | $136,000 |
| Asian | 5 | $1,485,000 | $297,000 | $375,000 | $101,000 | $123,000 |
| Black or African American | 3 | $1,015,000 | $338,000 | $465,000 | $289,000 | $442,000 |
| American Indian or Alaskan Native | 3 | $625,000 | $208,000 | $315,000 | $64,000 | $88,000 |
| 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) | 834 | $215,820,000 | $258,000 | $2,245,000 | $123,000 | $1,440,000 |
| FHA-insured (Federal Housing Administration) | 20 | $4,950,000 | $247,000 | $395,000 | $72,000 | $127,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $2,485,000 | $276,000 | $355,000 | $67,000 | $92,000 |
| VA-guaranteed (Veterans Administration) | 7 | $2,105,000 | $300,000 | $565,000 | $163,000 | $456,000 |
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 | 716 | $184,120,000 | $257,000 | $2,245,000 | $121,000 | $1,126,000 |
| Application Withdrawn By Applicant | 115 | $31,825,000 | $276,000 | $1,605,000 | $132,000 | $1,440,000 |
| Application Denied By Financial Institution | 31 | $7,265,000 | $234,000 | $705,000 | $71,000 | $217,000 |
| Application Approved But Not Accepted | 5 | $1,015,000 | $203,000 | $245,000 | $197,000 | $508,000 |
| File Closed For Incompleteness | 3 | $1,135,000 | $378,000 | $465,000 | $245,000 | $442,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 839 | $218,095,000 | $259,000 | $2,245,000 | $124,000 | $1,440,000 |
| Debt-To-Income Ratio | 15 | $3,745,000 | $249,000 | $705,000 | $49,000 | $151,000 |
| Credit History | 10 | $1,970,000 | $197,000 | $285,000 | $93,000 | $217,000 |
| Collateral | 3 | $725,000 | $241,000 | $325,000 | $114,000 | $130,000 |
| Other | 2 | $670,000 | $335,000 | $465,000 | $62,000 | $91,000 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $57,000 | $57,000 |
| 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 First Federal Bank & Trust's 2021 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 Federal 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.
For a list of all lenders in Montana, download the full spreadsheet
with aggregated HMDA statistics today.
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