First Federal Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, First Federal Bank & Trust of Billings, MT reported 445 mortgage applications totaling $147.6 million, down 49% from 2021. The average application was for $331,741, and applicants reported an average income of $132,348. 84% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Billings, MT (139), Casper, WY (4) and Phoenix-Mesa-Scottsdale, AZ (3) (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 | 445 |
| Total Mortgage Loan Application Amount | $147,625,000 |
| Average Mortgage Loan Application Amount | $331,741 |
| Highest Mortgage Loan Application Amount | $7,005,000 |
| Average Applicant Income | $132,348 |
| Highest Applicant Income | $1,585,000 |
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records First Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 237 | $ 74,105,000 | $ 312,679 | $ 116,000 |
| Yellowstone, Montana | 128 | $ 35,980,000 | $ 281,093 | $ 129,000 |
| Stillwater, Montana | 7 | $ 3,385,000 | $ 483,571 | $ 220,000 |
| Johnson, Wyoming | 7 | $ 2,285,000 | $ 326,428 | $ 141,000 |
| Musselshell, Montana | 5 | $ 1,115,000 | $ 223,000 | $ 103,000 |
| Richland, Montana | 5 | $ 1,195,000 | $ 239,000 | $ 123,000 |
| Campbell, Wyoming | 5 | $ 1,125,000 | $ 225,000 | $ 131,000 |
| Fremont, Wyoming | 5 | $ 1,105,000 | $ 221,000 | $ 93,000 |
| Carbon, Montana | 4 | $ 1,470,000 | $ 367,500 | $ 228,000 |
| Natrona, Wyoming | 4 | $ 660,000 | $ 165,000 | $ 67,000 |
| Maricopa, Arizona | 3 | $ 2,985,000 | $ 995,000 | $ 283,000 |
| Gallatin, Montana | 3 | $ 10,445,000 | $ 3,481,666 | $ 853,000 |
| Park, Wyoming | 3 | $ 545,000 | $ 181,666 | $ 88,000 |
| Ada, Idaho | 2 | $ 1,010,000 | $ 505,000 | $ 154,000 |
| Albany, Wyoming | 2 | $ 100,000 | $ 50,000 | $ 38,000 |
| Sweetwater, Wyoming | 2 | $ 440,000 | $ 220,000 | $ 272,000 |
| Orange, California | 1 | $ 375,000 | $ 375,000 | $ 85,000 |
| Adams, Colorado | 1 | $ 555,000 | $ 555,000 | $ 143,000 |
| Grand, Colorado | 1 | $ 805,000 | $ 805,000 | $ 153,000 |
| Osceola, Florida | 1 | $ 485,000 | $ 485,000 | $ 344,000 |
| Polk, Florida | 1 | $ 345,000 | $ 345,000 | $ 197,000 |
| Kootenai, Idaho | 1 | $ 485,000 | $ 485,000 | $ 160,000 |
| Hancock, Maine | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Big Horn, Montana | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Lake, Montana | 1 | $ 2,035,000 | $ 2,035,000 | $ 780,000 |
| Missoula, Montana | 1 | $ 195,000 | $ 195,000 | $ 115,000 |
| Ravalli, Montana | 1 | $ 1,055,000 | $ 1,055,000 | $ 738,000 |
| Roosevelt, Montana | 1 | $ 125,000 | $ 125,000 | $ 106,000 |
| Clark, Nevada | 1 | $ 155,000 | $ 155,000 | $ 269,000 |
| Gaston, North Carolina | 1 | $ 65,000 | $ 65,000 | $ 133,000 |
| Morton, North Dakota | 1 | $ 155,000 | $ 155,000 | $ 410,000 |
| Weber, Utah | 1 | $ 1,145,000 | $ 1,145,000 | $ 224,000 |
| Carbon, Wyoming | 1 | $ 105,000 | $ 105,000 | $ 38,000 |
| Crook, Wyoming | 1 | $ 285,000 | $ 285,000 | $ 68,000 |
| Goshen, Wyoming | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Laramie, Wyoming | 1 | $ 35,000 | $ 35,000 | $ 180,000 |
| Lincoln, Wyoming | 1 | $ 275,000 | $ 275,000 | $ 92,000 |
| Sublette, Wyoming | 1 | $ 105,000 | $ 105,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for First Federal Bank & Trust in 2022
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 | 264 | $102,340,000 | $387,000 | $7,005,000 | $135,000 | $795,000 |
| Cash-out Refinancing | 79 | $26,465,000 | $335,000 | $3,005,000 | $145,000 | $1,585,000 |
| Refinancing | 49 | $13,285,000 | $271,000 | $1,055,000 | $133,000 | $738,000 |
| Other Purpose | 29 | $2,695,000 | $92,000 | $255,000 | $87,000 | $353,000 |
| Home Improvement | 24 | $2,840,000 | $118,000 | $405,000 | $115,000 | $231,000 |
| 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 | 351 | $104,825,000 | $298,000 | $2,075,000 | $128,000 | $797,000 |
| Not applicable | 36 | $22,310,000 | $619,000 | $7,005,000 | $0 | $0 |
| Not Provided | 36 | $15,010,000 | $416,000 | $3,005,000 | $184,000 | $1,585,000 |
| Hispanic | 10 | $2,060,000 | $206,000 | $315,000 | $77,000 | $163,000 |
| Asian | 6 | $1,740,000 | $290,000 | $525,000 | $105,000 | $230,000 |
| American Indian or Alaskan Native | 4 | $1,180,000 | $295,000 | $545,000 | $112,000 | $150,000 |
| Black or African American | 2 | $500,000 | $250,000 | $255,000 | $197,000 | $197,000 |
| 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) | 412 | $138,980,000 | $337,000 | $7,005,000 | $137,000 | $1,585,000 |
| FHA-insured (Federal Housing Administration) | 23 | $6,205,000 | $269,000 | $425,000 | $76,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,760,000 | $293,000 | $375,000 | $92,000 | $141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $680,000 | $170,000 | $275,000 | $75,000 | $99,000 |
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 | 372 | $128,030,000 | $344,000 | $7,005,000 | $139,000 | $1,585,000 |
| Application Withdrawn By Applicant | 59 | $18,195,000 | $308,000 | $1,145,000 | $109,000 | $447,000 |
| Application Denied By Financial Institution | 13 | $1,195,000 | $91,000 | $195,000 | $57,000 | $113,000 |
| Application Approved But Not Accepted | 1 | $205,000 | $205,000 | $205,000 | $113,000 | $113,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 432 | $146,430,000 | $338,000 | $7,005,000 | $134,000 | $1,585,000 |
| Debt-To-Income Ratio | 5 | $585,000 | $117,000 | $195,000 | $43,000 | $96,000 |
| Collateral | 3 | $275,000 | $91,000 | $125,000 | $98,000 | $106,000 |
| Credit History | 3 | $235,000 | $78,000 | $125,000 | $48,000 | $113,000 |
| Other | 2 | $100,000 | $50,000 | $65,000 | $45,000 | $72,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Bank & Trust's 2022 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About