First Western Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, First Western Bank & Trust of Minot, ND reported 855 mortgage applications totaling $284.8 million, down 47% from 2021. The average application was for $333,070, and applicants reported an average income of $114,214. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Fargo, ND-MN (200), Bismarck, ND (71) and Minneapolis-St. Paul-Bloomington, MN-WI (29) (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 | 855 |
| Total Mortgage Loan Application Amount | $284,775,000 |
| Average Mortgage Loan Application Amount | $333,070 |
| Highest Mortgage Loan Application Amount | $21,565,000 |
| Average Applicant Income | $114,214 |
| Highest Applicant Income | $1,185,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cass, North Dakota | 154 | $ 49,040,000 | $ 318,441 | $ 111,000 |
| Crow Wing, Minnesota | 134 | $ 31,910,000 | $ 238,134 | $ 97,000 |
| Ward, North Dakota | 91 | $ 27,065,000 | $ 297,417 | $ 101,000 |
| Douglas, Minnesota | 90 | $ 44,950,000 | $ 499,444 | $ 105,000 |
| Burleigh, North Dakota | 58 | $ 25,910,000 | $ 446,724 | $ 133,000 |
| Clay, Minnesota | 46 | $ 11,490,000 | $ 249,782 | $ 109,000 |
| Cass, Minnesota | 38 | $ 9,810,000 | $ 258,157 | $ 132,000 |
| Pope, Minnesota | 16 | $ 3,160,000 | $ 197,500 | $ 78,000 |
| Becker, Minnesota | 13 | $ 4,005,000 | $ 308,076 | $ 230,000 |
| Hennepin, Minnesota | 13 | $ 4,345,000 | $ 334,230 | $ 187,000 |
| Grant, Minnesota | 12 | $ 1,580,000 | $ 131,666 | $ 128,000 |
| Otter Tail, Minnesota | 12 | $ 3,620,000 | $ 301,666 | $ 143,000 |
| Morton, North Dakota | 12 | $ 17,920,000 | $ 1,493,333 | $ 83,000 |
| Todd, Minnesota | 11 | $ 2,295,000 | $ 208,636 | $ 75,000 |
| Morrison, Minnesota | 9 | $ 1,675,000 | $ 186,111 | $ 93,000 |
| Stevens, Minnesota | 7 | $ 585,000 | $ 83,571 | $ 79,000 |
| McLean, North Dakota | 7 | $ 1,935,000 | $ 276,428 | $ 132,000 |
| Stearns, Minnesota | 6 | $ 990,000 | $ 165,000 | $ 89,000 |
| Wadena, Minnesota | 6 | $ 700,000 | $ 116,666 | $ 80,000 |
| Wright, Minnesota | 6 | $ 13,990,000 | $ 2,331,666 | $ 118,000 |
| Ransom, North Dakota | 6 | $ 1,530,000 | $ 255,000 | $ 82,000 |
| Minnehaha, South Dakota | 6 | $ 1,440,000 | $ 240,000 | $ 158,000 |
| McHenry, North Dakota | 5 | $ 645,000 | $ 129,000 | $ 81,000 |
| Mountrail, North Dakota | 5 | $ 1,485,000 | $ 297,000 | $ 119,000 |
| Richland, North Dakota | 4 | $ 550,000 | $ 137,500 | $ 132,000 |
| Maricopa, Arizona | 3 | $ 1,015,000 | $ 338,333 | $ 335,000 |
| Itasca, Minnesota | 3 | $ 485,000 | $ 161,666 | $ 82,000 |
| Kandiyohi, Minnesota | 3 | $ 925,000 | $ 308,333 | $ 204,000 |
| Grand Forks, North Dakota | 3 | $ 485,000 | $ 161,666 | $ 88,000 |
| Bay, Florida | 2 | $ 1,070,000 | $ 535,000 | $ 158,000 |
| Beltrami, Minnesota | 2 | $ 350,000 | $ 175,000 | $ 71,000 |
| Chippewa, Minnesota | 2 | $ 390,000 | $ 195,000 | $ 70,000 |
| Hubbard, Minnesota | 2 | $ 550,000 | $ 275,000 | $ 215,000 |
| Isanti, Minnesota | 2 | $ 660,000 | $ 330,000 | $ 91,000 |
| Lyon, Minnesota | 2 | $ 510,000 | $ 255,000 | $ 68,000 |
| Norman, Minnesota | 2 | $ 100,000 | $ 50,000 | $ 46,000 |
| Pine, Minnesota | 2 | $ 240,000 | $ 120,000 | $ 36,000 |
| Ramsey, Minnesota | 2 | $ 330,000 | $ 165,000 | $ 54,000 |
| Sherburne, Minnesota | 2 | $ 460,000 | $ 230,000 | $ 104,000 |
| St. Louis, Minnesota | 2 | $ 230,000 | $ 115,000 | $ 90,000 |
| St. Louis, Missouri | 2 | $ 180,000 | $ 90,000 | $ 243,000 |
| Gallatin, Montana | 2 | $ 780,000 | $ 390,000 | $ 69,000 |
| Barnes, North Dakota | 2 | $ 470,000 | $ 235,000 | $ 159,000 |
| Bottineau, North Dakota | 2 | $ 270,000 | $ 135,000 | $ 51,000 |
| LaMoure, North Dakota | 2 | $ 240,000 | $ 120,000 | $ 87,000 |
| Pennington, South Dakota | 2 | $ 1,010,000 | $ 505,000 | $ 71,000 |
| Yavapai, Arizona | 1 | $ 425,000 | $ 425,000 | $ 337,000 |
| Yuma, Arizona | 1 | $ 175,000 | $ 175,000 | $ 38,000 |
| Manatee, Florida | 1 | $ 935,000 | $ 935,000 | $ 586,000 |
| Anoka, Minnesota | 1 | $ 255,000 | $ 255,000 | $ 55,000 |
| Benton, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 80,000 |
| Big Stone, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 98,000 |
| Chisago, Minnesota | 1 | $ 275,000 | $ 275,000 | $ 67,000 |
| Kanabec, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 73,000 |
| Kittson, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 137,000 |
| Lake of the Woods, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 51,000 |
| Mille Lacs, Minnesota | 1 | $ 135,000 | $ 135,000 | $ 37,000 |
| Olmsted, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 49,000 |
| Polk, Minnesota | 1 | $ 265,000 | $ 265,000 | $ 129,000 |
| Scott, Minnesota | 1 | $ 485,000 | $ 485,000 | $ 193,000 |
| Traverse, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 28,000 |
| Wilkin, Minnesota | 1 | $ 135,000 | $ 135,000 | $ 50,000 |
| Flathead, Montana | 1 | $ 455,000 | $ 455,000 | $ 283,000 |
| Douglas, Nebraska | 1 | $ 365,000 | $ 365,000 | $ 114,000 |
| Ocean, New Jersey | 1 | $ 445,000 | $ 445,000 | $ 501,000 |
| Lincoln, North Carolina | 1 | $ 295,000 | $ 295,000 | $ 82,000 |
| Swain, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 117,000 |
| Emmons, North Dakota | 1 | $ 105,000 | $ 105,000 | $ 64,000 |
| Kidder, North Dakota | 1 | $ 155,000 | $ 155,000 | $ 146,000 |
| McIntosh, North Dakota | 1 | $ 165,000 | $ 165,000 | $ 73,000 |
| Nelson, North Dakota | 1 | $ 45,000 | $ 45,000 | $ 31,000 |
| Oliver, North Dakota | 1 | $ 215,000 | $ 215,000 | $ 163,000 |
| Pembina, North Dakota | 1 | $ 185,000 | $ 185,000 | $ 35,000 |
| Renville, North Dakota | 1 | $ 285,000 | $ 285,000 | $ 85,000 |
| Stark, North Dakota | 1 | $ 295,000 | $ 295,000 | $ 61,000 |
| Stutsman, North Dakota | 1 | $ 345,000 | $ 345,000 | $ 147,000 |
| Williams, North Dakota | 1 | $ 425,000 | $ 425,000 | $ 137,000 |
| Pittsburg, Oklahoma | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Jasper, South Carolina | 1 | $ 385,000 | $ 385,000 | $ 25,000 |
| Codington, South Dakota | 1 | $ 155,000 | $ 155,000 | $ 35,000 |
| Day, South Dakota | 1 | $ 155,000 | $ 155,000 | $ 73,000 |
| Marshall, South Dakota | 1 | $ 275,000 | $ 275,000 | $ 1,185,000 |
| Bandera, Texas | 1 | $ 425,000 | $ 425,000 | $ 78,000 |
| San Patricio, Texas | 1 | $ 155,000 | $ 155,000 | $ 208,000 |
| Grant, Washington | 1 | $ 455,000 | $ 455,000 | $ 423,000 |
| Juneau, Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 76,000 |
| Sawyer, Wisconsin | 1 | $ 355,000 | $ 355,000 | $ 151,000 |
Mortgage Loan Application Detail Totals for First Western 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 | 646 | $202,830,000 | $313,000 | $21,565,000 | $116,000 | $1,185,000 |
| Refinancing | 116 | $62,160,000 | $535,000 | $10,565,000 | $91,000 | $586,000 |
| Cash-out Refinancing | 58 | $14,140,000 | $243,000 | $625,000 | $110,000 | $423,000 |
| Home Improvement | 19 | $2,225,000 | $117,000 | $355,000 | $183,000 | $427,000 |
| Other Purpose | 16 | $3,420,000 | $213,000 | $505,000 | $144,000 | $397,000 |
| 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 | 646 | $162,540,000 | $251,000 | $1,005,000 | $114,000 | $1,185,000 |
| Not applicable | 138 | $105,680,000 | $765,000 | $21,565,000 | $0 | $0 |
| Not Provided | 26 | $5,830,000 | $224,000 | $565,000 | $116,000 | $427,000 |
| Asian | 19 | $4,515,000 | $237,000 | $375,000 | $161,000 | $437,000 |
| Hispanic | 15 | $3,385,000 | $225,000 | $305,000 | $83,000 | $241,000 |
| American Indian or Alaskan Native | 6 | $1,950,000 | $325,000 | $505,000 | $67,000 | $137,000 |
| Black or African American | 4 | $660,000 | $165,000 | $235,000 | $117,000 | $288,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $215,000 | $215,000 | $215,000 | $103,000 | $103,000 |
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) | 738 | $259,300,000 | $351,000 | $21,565,000 | $122,000 | $1,185,000 |
| FHA-insured (Federal Housing Administration) | 60 | $12,820,000 | $213,000 | $425,000 | $78,000 | $563,000 |
| VA-guaranteed (Veterans Administration) | 32 | $8,130,000 | $254,000 | $405,000 | $83,000 | $158,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 25 | $4,525,000 | $181,000 | $295,000 | $62,000 | $122,000 |
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 | 717 | $247,905,000 | $345,000 | $21,565,000 | $115,000 | $1,185,000 |
| Application Withdrawn By Applicant | 104 | $27,540,000 | $264,000 | $835,000 | $121,000 | $563,000 |
| Application Denied By Financial Institution | 30 | $8,990,000 | $299,000 | $645,000 | $72,000 | $232,000 |
| Application Approved But Not Accepted | 4 | $340,000 | $85,000 | $175,000 | $89,000 | $144,000 |
| 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 | 825 | $275,785,000 | $334,000 | $21,565,000 | $116,000 | $1,185,000 |
| Debt-To-Income Ratio | 19 | $5,605,000 | $295,000 | $645,000 | $45,000 | $97,000 |
| Collateral | 4 | $1,250,000 | $312,000 | $605,000 | $136,000 | $212,000 |
| Credit History | 4 | $1,360,000 | $340,000 | $585,000 | $128,000 | $232,000 |
| Other | 3 | $775,000 | $258,000 | $325,000 | $82,000 | $110,000 |
| 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 Western 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 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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