First Western Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, First Western Bank & Trust of Minot, ND reported 203 mortgage applications totaling $51.1 million, up 28% from 2018. The average application was for $251,699, and applicants reported an average income of $103,857. 92% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (22), Bismarck, ND (19) and Fargo, ND-MN (2) (applications in parentheses).
| Mortgage Company & Address | First Western Bank & Trust 900 South Broadway Minot, ND 58701 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 |
| Total Number of Mortgage Applications | 203 |
| Total Mortgage Loan Application Amount | $51,095,000 |
| Average Mortgage Loan Application Amount | $251,699 |
| Highest Mortgage Loan Application Amount | $15,905,000 |
| Average Applicant Income | $103,857 |
| Highest Applicant Income | $866,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Ward, North Dakota | 138 | $ 23,200,000 | $ 168,115 | $ 96,000 |
| Burleigh, North Dakota | 14 | $ 2,870,000 | $ 205,000 | $ 79,000 |
| Ramsey, Minnesota | 10 | $ 1,310,000 | $ 131,000 | $ 0 |
| Hennepin, Minnesota | 8 | $ 1,610,000 | $ 201,250 | $ 0 |
| McLean, North Dakota | 6 | $ 940,000 | $ 156,666 | $ 135,000 |
| McHenry, North Dakota | 5 | $ 315,000 | $ 63,000 | $ 91,000 |
| Morton, North Dakota | 5 | $ 1,235,000 | $ 247,000 | $ 100,000 |
| Bottineau, North Dakota | 4 | $ 780,000 | $ 195,000 | $ 88,000 |
| Cass, North Dakota | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Pinal, Arizona | 1 | $ 175,000 | $ 175,000 | $ 216,000 |
| Brevard, Florida | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Anoka, Minnesota | 1 | $ 455,000 | $ 455,000 | $ 93,000 |
| Becker, Minnesota | 1 | $ 305,000 | $ 305,000 | $ 866,000 |
| Carver, Minnesota | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Scott, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Wright, Minnesota | 1 | $ 15,905,000 | $ 15,905,000 | $ 0 |
| Grand Forks, North Dakota | 1 | $ 235,000 | $ 235,000 | $ 148,000 |
| Mountrail, North Dakota | 1 | $ 215,000 | $ 215,000 | $ 107,000 |
| Renville, North Dakota | 1 | $ 195,000 | $ 195,000 | $ 94,000 |
| Williams, North Dakota | 1 | $ 65,000 | $ 65,000 | $ 194,000 |
Mortgage Loan Application Detail Totals for First Western Bank & Trust in 2019
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 | 112 | $37,650,000 | $336,000 | $15,905,000 | $103,000 | $866,000 |
| Refinancing | 35 | $5,005,000 | $143,000 | $485,000 | $97,000 | $195,000 |
| Cash-out Refinancing | 33 | $6,155,000 | $186,000 | $485,000 | $115,000 | $192,000 |
| Other Purpose | 14 | $1,640,000 | $117,000 | $455,000 | $97,000 | $216,000 |
| Home Improvement | 9 | $645,000 | $71,000 | $125,000 | $111,000 | $195,000 |
| 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 | 164 | $30,160,000 | $183,000 | $515,000 | $104,000 | $866,000 |
| Not applicable | 37 | $20,595,000 | $556,000 | $15,905,000 | $0 | $0 |
| Asian | 1 | $85,000 | $85,000 | $85,000 | $50,000 | $50,000 |
| Hispanic | 1 | $255,000 | $255,000 | $255,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 168 | $44,210,000 | $263,000 | $15,905,000 | $112,000 | $866,000 |
| FHA-insured (Federal Housing Administration) | 21 | $3,395,000 | $161,000 | $245,000 | $67,000 | $119,000 |
| VA-guaranteed (Veterans Administration) | 14 | $3,490,000 | $249,000 | $385,000 | $91,000 | $152,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 187 | $48,135,000 | $257,000 | $15,905,000 | $105,000 | $866,000 |
| Application Withdrawn By Applicant | 12 | $2,170,000 | $180,000 | $485,000 | $89,000 | $194,000 |
| Application Denied By Financial Institution | 4 | $790,000 | $197,000 | $255,000 | $111,000 | $216,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 203 | $51,095,000 | $251,000 | $15,905,000 | $103,000 | $866,000 |
| 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 Western Bank & Trust's 2019 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 Western 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 North Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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