First National Bank Mortgage Lending & HMDA Data, 2009
In 2009, First National Bank of Le Mars, IA reported 298 mortgage applications totaling $32.3 million, down 11% from 2008. The average application was for $108,479, and applicants reported an average income of $67,318. 76% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux City, IA-NE-SD (89), Minneapolis-St. Paul-Bloomington, MN-WI (6) and Ames, IA (3) (applications in parentheses).
| Mortgage Company & Address | First National Bank 111 Central Ave Nw Le Mars, IA 51031 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 298 |
| Total Mortgage Loan Application Amount | $32,327,000 |
| Average Mortgage Loan Application Amount | $108,479 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $67,318 |
| Highest Applicant Income | $420,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Plymouth, Iowa | 95 | $ 9,936,000 | $ 104,589 | $ 69,000 |
| Woodbury, Iowa | 80 | $ 6,277,000 | $ 78,462 | $ 56,000 |
| Sioux, Iowa | 76 | $ 10,109,000 | $ 133,013 | $ 62,000 |
| Union, South Dakota | 7 | $ 643,000 | $ 91,857 | $ 77,000 |
| Lyon, Iowa | 6 | $ 744,000 | $ 124,000 | $ 71,000 |
| Dickinson, Iowa | 3 | $ 244,000 | $ 81,333 | $ 51,000 |
| Story, Iowa | 3 | $ 331,000 | $ 110,333 | $ 92,000 |
| Dallas, Iowa | 2 | $ 224,000 | $ 112,000 | $ 85,000 |
| Pottawattamie, Iowa | 2 | $ 207,000 | $ 103,500 | $ 60,000 |
| Carver, Minnesota | 2 | $ 639,000 | $ 319,500 | $ 142,000 |
| Dakota, Minnesota | 2 | $ 480,000 | $ 240,000 | $ 97,000 |
| Dakota, Nebraska | 2 | $ 44,000 | $ 22,000 | $ 55,000 |
| Minnehaha, South Dakota | 2 | $ 258,000 | $ 129,000 | $ 81,000 |
| Maricopa, Arizona | 1 | $ 114,000 | $ 114,000 | $ 420,000 |
| Cherokee, Iowa | 1 | $ 109,000 | $ 109,000 | $ 72,000 |
| Anoka, Minnesota | 1 | $ 145,000 | $ 145,000 | $ 56,000 |
| Hennepin, Minnesota | 1 | $ 205,000 | $ 205,000 | $ 106,000 |
| Murray, Minnesota | 1 | $ 272,000 | $ 272,000 | $ 420,000 |
| Camden, Missouri | 1 | $ 225,000 | $ 225,000 | $ 88,000 |
| Dallas, Missouri | 1 | $ 54,000 | $ 54,000 | $ 83,000 |
| Johnson, Missouri | 1 | $ 165,000 | $ 165,000 | $ 92,000 |
| Knox, Nebraska | 1 | $ 122,000 | $ 122,000 | $ 195,000 |
| Hamlin, South Dakota | 1 | $ 154,000 | $ 154,000 | $ 69,000 |
| Lincoln, South Dakota | 1 | $ 96,000 | $ 96,000 | $ 35,000 |
Mortgage Loan Application Detail Totals for First National Bank in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 247 | $28,048,000 | $113,000 | $417,000 | $69,000 | $420,000 |
| Home Purchase | 42 | $3,986,000 | $94,000 | $300,000 | $59,000 | $228,000 |
| Home Improvement | 9 | $293,000 | $32,000 | $119,000 | $60,000 | $89,000 |
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 | 262 | $29,659,000 | $113,000 | $417,000 | $72,000 | $420,000 |
| Not applicable | 16 | $722,000 | $45,000 | $248,000 | $0 | $0 |
| Hispanic | 11 | $730,000 | $66,000 | $145,000 | $44,000 | $64,000 |
| Not Provided | 5 | $811,000 | $162,000 | $300,000 | $84,000 | $144,000 |
| Asian | 2 | $218,000 | $109,000 | $188,000 | $74,000 | $104,000 |
| Black or African American | 2 | $187,000 | $93,000 | $160,000 | $85,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 295 | $32,001,000 | $108,000 | $417,000 | $67,000 | $420,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $326,000 | $108,000 | $145,000 | $98,000 | $228,000 |
| 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 | 225 | $23,243,000 | $103,000 | $400,000 | $66,000 | $420,000 |
| Application Approved But Not Accepted | 48 | $6,699,000 | $139,000 | $417,000 | $81,000 | $240,000 |
| Application Denied By Financial Institution | 14 | $1,365,000 | $97,000 | $200,000 | $58,000 | $122,000 |
| Application Withdrawn By Applicant | 6 | $490,000 | $81,000 | $144,000 | $57,000 | $88,000 |
| Preapproval Denied by Financial Institution | 5 | $530,000 | $106,000 | $300,000 | $33,000 | $53,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 8 | $529,000 | $66,000 | $173,000 | $47,000 | $122,000 |
| Debt-To-Income Ratio | 7 | $885,000 | $126,000 | $300,000 | $42,000 | $70,000 |
| Other | 2 | $190,000 | $95,000 | $136,000 | $75,000 | $83,000 |
| Collateral | 1 | $188,000 | $188,000 | $188,000 | $104,000 | $104,000 |
| Mortgage Insurance Denied | 1 | $103,000 | $103,000 | $103,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First National Bank's 2009 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 National 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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