First Western Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, First Western Bank & Trust of Minot, ND reported 1,616 mortgage applications totaling $424.1 million, up 252% from 2020. The average application was for $262,462, and applicants reported an average income of $114,355. 85% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Fargo, ND-MN (331), Bismarck, ND (173) and Minneapolis-St. Paul-Bloomington, MN-WI (72) (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 | 1,616 |
| Total Mortgage Loan Application Amount | $424,140,000 |
| Average Mortgage Loan Application Amount | $262,462 |
| Highest Mortgage Loan Application Amount | $21,485,000 |
| Average Applicant Income | $114,355 |
| Highest Applicant Income | $1,500,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Crow Wing, Minnesota | 309 | $ 69,955,000 | $ 226,391 | $ 100,000 |
| Cass, North Dakota | 267 | $ 74,445,000 | $ 278,820 | $ 125,000 |
| Douglas, Minnesota | 174 | $ 39,230,000 | $ 225,459 | $ 92,000 |
| Ward, North Dakota | 150 | $ 32,600,000 | $ 217,333 | $ 100,000 |
| Burleigh, North Dakota | 136 | $ 41,910,000 | $ 308,161 | $ 130,000 |
| Cass, Minnesota | 78 | $ 19,780,000 | $ 253,589 | $ 140,000 |
| Clay, Minnesota | 64 | $ 11,190,000 | $ 174,843 | $ 137,000 |
| Morton, North Dakota | 34 | $ 13,260,000 | $ 390,000 | $ 139,000 |
| Hennepin, Minnesota | 25 | $ 16,245,000 | $ 649,800 | $ 207,000 |
| Otter Tail, Minnesota | 25 | $ 6,655,000 | $ 266,200 | $ 172,000 |
| Pope, Minnesota | 23 | $ 4,465,000 | $ 194,130 | $ 82,000 |
| Morrison, Minnesota | 21 | $ 4,055,000 | $ 193,095 | $ 71,000 |
| Becker, Minnesota | 19 | $ 4,835,000 | $ 254,473 | $ 167,000 |
| Todd, Minnesota | 17 | $ 2,585,000 | $ 152,058 | $ 55,000 |
| Aitkin, Minnesota | 15 | $ 2,695,000 | $ 179,666 | $ 71,000 |
| McLean, North Dakota | 13 | $ 1,775,000 | $ 136,538 | $ 141,000 |
| Anoka, Minnesota | 12 | $ 3,020,000 | $ 251,666 | $ 139,000 |
| Grant, Minnesota | 12 | $ 2,040,000 | $ 170,000 | $ 73,000 |
| Stearns, Minnesota | 11 | $ 2,265,000 | $ 205,909 | $ 95,000 |
| Bottineau, North Dakota | 10 | $ 1,950,000 | $ 195,000 | $ 132,000 |
| McHenry, North Dakota | 10 | $ 1,560,000 | $ 156,000 | $ 90,000 |
| Maricopa, Arizona | 9 | $ 2,935,000 | $ 326,111 | $ 192,000 |
| Wadena, Minnesota | 9 | $ 1,475,000 | $ 163,888 | $ 84,000 |
| Ramsey, Minnesota | 7 | $ 22,755,000 | $ 3,250,714 | $ 79,000 |
| Carver, Minnesota | 6 | $ 2,090,000 | $ 348,333 | $ 206,000 |
| Dakota, Minnesota | 6 | $ 1,880,000 | $ 313,333 | $ 99,000 |
| Hubbard, Minnesota | 6 | $ 1,140,000 | $ 190,000 | $ 145,000 |
| Norman, Minnesota | 6 | $ 820,000 | $ 136,666 | $ 40,000 |
| Mille Lacs, Minnesota | 5 | $ 1,235,000 | $ 247,000 | $ 187,000 |
| Stevens, Minnesota | 5 | $ 575,000 | $ 115,000 | $ 51,000 |
| Wright, Minnesota | 5 | $ 1,465,000 | $ 293,000 | $ 163,000 |
| Grand Forks, North Dakota | 5 | $ 1,335,000 | $ 267,000 | $ 125,000 |
| Richland, North Dakota | 5 | $ 945,000 | $ 189,000 | $ 99,000 |
| Stutsman, North Dakota | 5 | $ 1,495,000 | $ 299,000 | $ 105,000 |
| Mercer, North Dakota | 4 | $ 710,000 | $ 177,500 | $ 169,000 |
| Renville, North Dakota | 4 | $ 700,000 | $ 175,000 | $ 65,000 |
| Boone, Indiana | 3 | $ 525,000 | $ 175,000 | $ 143,000 |
| Benton, Minnesota | 3 | $ 565,000 | $ 188,333 | $ 152,000 |
| Kandiyohi, Minnesota | 3 | $ 765,000 | $ 255,000 | $ 81,000 |
| Oliver, North Dakota | 3 | $ 385,000 | $ 128,333 | $ 84,000 |
| Lawrence, South Dakota | 3 | $ 895,000 | $ 298,333 | $ 211,000 |
| Johnson, Kansas | 2 | $ 660,000 | $ 330,000 | $ 193,000 |
| Brown, Minnesota | 2 | $ 230,000 | $ 115,000 | $ 59,000 |
| Goodhue, Minnesota | 2 | $ 820,000 | $ 410,000 | $ 76,000 |
| Lac qui Parle, Minnesota | 2 | $ 490,000 | $ 245,000 | $ 53,000 |
| Meeker, Minnesota | 2 | $ 280,000 | $ 140,000 | $ 61,000 |
| Polk, Minnesota | 2 | $ 100,000 | $ 50,000 | $ 0 |
| St. Louis, Minnesota | 2 | $ 250,000 | $ 125,000 | $ 124,000 |
| Traverse, Minnesota | 2 | $ 170,000 | $ 85,000 | $ 119,000 |
| Washington, Minnesota | 2 | $ 710,000 | $ 355,000 | $ 132,000 |
| Barnes, North Dakota | 2 | $ 760,000 | $ 380,000 | $ 98,000 |
| Mountrail, North Dakota | 2 | $ 430,000 | $ 215,000 | $ 87,000 |
| Steele, North Dakota | 2 | $ 310,000 | $ 155,000 | $ 47,000 |
| Traill, North Dakota | 2 | $ 230,000 | $ 115,000 | $ 57,000 |
| Williams, North Dakota | 2 | $ 3,060,000 | $ 1,530,000 | $ 66,000 |
| St. Croix, Wisconsin | 2 | $ 340,000 | $ 170,000 | $ 89,000 |
| Coconino, Arizona | 1 | $ 405,000 | $ 405,000 | $ 67,000 |
| Denver, Colorado | 1 | $ 305,000 | $ 305,000 | $ 58,000 |
| Weld, Colorado | 1 | $ 145,000 | $ 145,000 | $ 219,000 |
| Brevard, Florida | 1 | $ 325,000 | $ 325,000 | $ 89,000 |
| Lake, Florida | 1 | $ 215,000 | $ 215,000 | $ 231,000 |
| Monroe, Florida | 1 | $ 1,175,000 | $ 1,175,000 | $ 0 |
| Nassau, Florida | 1 | $ 355,000 | $ 355,000 | $ 182,000 |
| Palm Beach, Florida | 1 | $ 355,000 | $ 355,000 | $ 100,000 |
| Polk, Florida | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Volusia, Florida | 1 | $ 275,000 | $ 275,000 | $ 102,000 |
| Cook, Illinois | 1 | $ 375,000 | $ 375,000 | $ 104,000 |
| Blackford, Indiana | 1 | $ 125,000 | $ 125,000 | $ 31,000 |
| Clay, Iowa | 1 | $ 165,000 | $ 165,000 | $ 150,000 |
| Dallas, Iowa | 1 | $ 285,000 | $ 285,000 | $ 160,000 |
| Pottawattamie, Iowa | 1 | $ 205,000 | $ 205,000 | $ 110,000 |
| Warren, Iowa | 1 | $ 125,000 | $ 125,000 | $ 137,000 |
| Oldham, Kentucky | 1 | $ 205,000 | $ 205,000 | $ 229,000 |
| Ionia, Michigan | 1 | $ 245,000 | $ 245,000 | $ 134,000 |
| Beltrami, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 76,000 |
| Big Stone, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 93,000 |
| Carlton, Minnesota | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Cottonwood, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Itasca, Minnesota | 1 | $ 225,000 | $ 225,000 | $ 126,000 |
| Kittson, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 96,000 |
| Koochiching, Minnesota | 1 | $ 145,000 | $ 145,000 | $ 166,000 |
| Le Sueur, Minnesota | 1 | $ 305,000 | $ 305,000 | $ 163,000 |
| McLeod, Minnesota | 1 | $ 15,000 | $ 15,000 | $ 115,000 |
| Pine, Minnesota | 1 | $ 235,000 | $ 235,000 | $ 75,000 |
| Pipestone, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 55,000 |
| Lafayette, Mississippi | 1 | $ 275,000 | $ 275,000 | $ 414,000 |
| Park, Montana | 1 | $ 545,000 | $ 545,000 | $ 1,500,000 |
| Ravalli, Montana | 1 | $ 185,000 | $ 185,000 | $ 42,000 |
| Scotts Bluff, Nebraska | 1 | $ 225,000 | $ 225,000 | $ 52,000 |
| Clark, Nevada | 1 | $ 175,000 | $ 175,000 | $ 148,000 |
| Benson, North Dakota | 1 | $ 285,000 | $ 285,000 | $ 99,000 |
| Burke, North Dakota | 1 | $ 365,000 | $ 365,000 | $ 132,000 |
| Dickey, North Dakota | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Divide, North Dakota | 1 | $ 125,000 | $ 125,000 | $ 101,000 |
| Emmons, North Dakota | 1 | $ 75,000 | $ 75,000 | $ 48,000 |
| Foster, North Dakota | 1 | $ 185,000 | $ 185,000 | $ 106,000 |
| LaMoure, North Dakota | 1 | $ 185,000 | $ 185,000 | $ 176,000 |
| Ramsey, North Dakota | 1 | $ 55,000 | $ 55,000 | $ 21,000 |
| Ransom, North Dakota | 1 | $ 225,000 | $ 225,000 | $ 112,000 |
| Rolette, North Dakota | 1 | $ 125,000 | $ 125,000 | $ 109,000 |
| Sargent, North Dakota | 1 | $ 305,000 | $ 305,000 | $ 93,000 |
| Stark, North Dakota | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Wells, North Dakota | 1 | $ 125,000 | $ 125,000 | $ 77,000 |
| Brown, South Dakota | 1 | $ 325,000 | $ 325,000 | $ 170,000 |
| Deuel, South Dakota | 1 | $ 195,000 | $ 195,000 | $ 46,000 |
| Dewey, South Dakota | 1 | $ 245,000 | $ 245,000 | $ 117,000 |
| Walworth, South Dakota | 1 | $ 65,000 | $ 65,000 | $ 305,000 |
| Campbell, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 165,000 |
| Marshall, Tennessee | 1 | $ 135,000 | $ 135,000 | $ 100,000 |
| Sumner, Tennessee | 1 | $ 415,000 | $ 415,000 | $ 103,000 |
| Montgomery, Texas | 1 | $ 205,000 | $ 205,000 | $ 130,000 |
| Palo Pinto, Texas | 1 | $ 365,000 | $ 365,000 | $ 94,000 |
| Cowlitz, Washington | 1 | $ 535,000 | $ 535,000 | $ 104,000 |
| Outagamie, Wisconsin | 1 | $ 325,000 | $ 325,000 | $ 91,000 |
| Pierce, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for First Western 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 | 866 | $217,610,000 | $251,000 | $8,415,000 | $104,000 | $971,000 |
| Refinancing | 469 | $145,205,000 | $309,000 | $21,485,000 | $129,000 | $1,116,000 |
| Cash-out Refinancing | 230 | $54,850,000 | $238,000 | $545,000 | $128,000 | $1,500,000 |
| Other Purpose | 33 | $4,645,000 | $140,000 | $445,000 | $94,000 | $234,000 |
| Home Improvement | 18 | $1,830,000 | $101,000 | $505,000 | $94,000 | $184,000 |
| 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 | 1,327 | $305,575,000 | $230,000 | $1,265,000 | $114,000 | $1,500,000 |
| Not applicable | 162 | $88,440,000 | $545,000 | $21,485,000 | $0 | $0 |
| Not Provided | 55 | $13,195,000 | $239,000 | $545,000 | $154,000 | $1,076,000 |
| Hispanic | 32 | $6,860,000 | $214,000 | $545,000 | $71,000 | $229,000 |
| Black or African American | 19 | $5,225,000 | $275,000 | $545,000 | $114,000 | $485,000 |
| Asian | 12 | $3,470,000 | $289,000 | $495,000 | $118,000 | $221,000 |
| American Indian or Alaskan Native | 8 | $1,310,000 | $163,000 | $435,000 | $79,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $65,000 | $65,000 | $65,000 | $27,000 | $27,000 |
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) | 1,382 | $372,920,000 | $269,000 | $21,485,000 | $123,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) | 83 | $16,325,000 | $196,000 | $345,000 | $62,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 81 | $22,265,000 | $274,000 | $595,000 | $83,000 | $216,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 70 | $12,630,000 | $180,000 | $305,000 | $51,000 | $97,000 |
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 | 1,366 | $367,390,000 | $268,000 | $21,485,000 | $118,000 | $1,208,000 |
| Application Withdrawn By Applicant | 178 | $40,530,000 | $227,000 | $755,000 | $106,000 | $1,500,000 |
| Application Denied By Financial Institution | 58 | $13,680,000 | $235,000 | $545,000 | $63,000 | $204,000 |
| Application Approved But Not Accepted | 13 | $2,415,000 | $185,000 | $435,000 | $116,000 | $221,000 |
| File Closed For Incompleteness | 1 | $125,000 | $125,000 | $125,000 | $45,000 | $45,000 |
| 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 | 1,558 | $410,460,000 | $263,000 | $21,485,000 | $117,000 | $1,500,000 |
| Debt-To-Income Ratio | 27 | $7,125,000 | $263,000 | $545,000 | $50,000 | $152,000 |
| Credit History | 14 | $2,310,000 | $165,000 | $285,000 | $63,000 | $132,000 |
| Collateral | 9 | $2,435,000 | $270,000 | $545,000 | $101,000 | $204,000 |
| Other | 5 | $1,285,000 | $257,000 | $495,000 | $92,000 | $145,000 |
| Employment History | 2 | $260,000 | $130,000 | $155,000 | $56,000 | $58,000 |
| Unverifiable Information | 1 | $265,000 | $265,000 | $265,000 | $0 | $0 |
| Credit Application Incomplete | 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 Western 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 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.
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