First Western Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, First Western Bank & Trust of Minot, ND reported 748 mortgage applications totaling $199.0 million, down 13% from 2022. The average application was for $266,029, and applicants reported an average income of $134,181. 83% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Fargo, ND-MN (156), Bismarck, ND (63) and Minneapolis-St. Paul-Bloomington, MN-WI (33) (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 | 748 |
| Total Mortgage Loan Application Amount | $198,990,000 |
| Average Mortgage Loan Application Amount | $266,029 |
| Highest Mortgage Loan Application Amount | $7,995,000 |
| Average Applicant Income | $134,181 |
| Highest Applicant Income | $1,105,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 131 | $ 39,345,000 | $ 300,343 | $ 148,000 |
| Crow Wing, Minnesota | 115 | $ 24,875,000 | $ 216,304 | $ 118,000 |
| Ward, North Dakota | 109 | $ 25,335,000 | $ 232,431 | $ 121,000 |
| Douglas, Minnesota | 78 | $ 19,530,000 | $ 250,384 | $ 119,000 |
| Burleigh, North Dakota | 54 | $ 16,100,000 | $ 298,148 | $ 147,000 |
| Cass, Minnesota | 31 | $ 7,775,000 | $ 250,806 | $ 110,000 |
| Clay, Minnesota | 25 | $ 5,105,000 | $ 204,200 | $ 96,000 |
| Hennepin, Minnesota | 13 | $ 4,365,000 | $ 335,769 | $ 137,000 |
| Pope, Minnesota | 11 | $ 2,315,000 | $ 210,454 | $ 92,000 |
| Becker, Minnesota | 10 | $ 2,100,000 | $ 210,000 | $ 150,000 |
| Otter Tail, Minnesota | 10 | $ 3,020,000 | $ 302,000 | $ 292,000 |
| Morton, North Dakota | 9 | $ 2,415,000 | $ 268,333 | $ 96,000 |
| Mountrail, North Dakota | 8 | $ 2,100,000 | $ 262,500 | $ 96,000 |
| Todd, Minnesota | 7 | $ 1,595,000 | $ 227,857 | $ 99,000 |
| McLean, North Dakota | 7 | $ 1,045,000 | $ 149,285 | $ 96,000 |
| Grant, Minnesota | 6 | $ 790,000 | $ 131,666 | $ 75,000 |
| Stearns, Minnesota | 6 | $ 1,610,000 | $ 268,333 | $ 100,000 |
| Bottineau, North Dakota | 6 | $ 1,060,000 | $ 176,666 | $ 262,000 |
| Ramsey, Minnesota | 5 | $ 1,785,000 | $ 357,000 | $ 158,000 |
| Anoka, Minnesota | 4 | $ 880,000 | $ 220,000 | $ 162,000 |
| Wadena, Minnesota | 4 | $ 750,000 | $ 187,500 | $ 62,000 |
| McHenry, North Dakota | 4 | $ 960,000 | $ 240,000 | $ 118,000 |
| Renville, North Dakota | 4 | $ 730,000 | $ 182,500 | $ 104,000 |
| Maricopa, Arizona | 3 | $ 895,000 | $ 298,333 | $ 345,000 |
| Beltrami, Minnesota | 3 | $ 1,275,000 | $ 425,000 | $ 139,000 |
| Dakota, Minnesota | 3 | $ 645,000 | $ 215,000 | $ 138,000 |
| Itasca, Minnesota | 3 | $ 625,000 | $ 208,333 | $ 109,000 |
| Traverse, Minnesota | 3 | $ 465,000 | $ 155,000 | $ 105,000 |
| Williams, North Dakota | 3 | $ 1,075,000 | $ 358,333 | $ 230,000 |
| Volusia, Florida | 2 | $ 1,260,000 | $ 630,000 | $ 309,000 |
| Benton, Minnesota | 2 | $ 650,000 | $ 325,000 | $ 111,000 |
| Faribault, Minnesota | 2 | $ 330,000 | $ 165,000 | $ 129,000 |
| Hubbard, Minnesota | 2 | $ 380,000 | $ 190,000 | $ 94,000 |
| Kandiyohi, Minnesota | 2 | $ 300,000 | $ 150,000 | $ 87,000 |
| Morrison, Minnesota | 2 | $ 260,000 | $ 130,000 | $ 92,000 |
| Pennington, Minnesota | 2 | $ 390,000 | $ 195,000 | $ 97,000 |
| Washington, Minnesota | 2 | $ 1,310,000 | $ 655,000 | $ 693,000 |
| Wright, Minnesota | 2 | $ 660,000 | $ 330,000 | $ 123,000 |
| Mercer, North Dakota | 2 | $ 240,000 | $ 120,000 | $ 93,000 |
| Ransom, North Dakota | 2 | $ 550,000 | $ 275,000 | $ 88,000 |
| Richland, North Dakota | 2 | $ 720,000 | $ 360,000 | $ 325,000 |
| Codington, South Dakota | 2 | $ 590,000 | $ 295,000 | $ 172,000 |
| Lawrence, South Dakota | 2 | $ 720,000 | $ 360,000 | $ 104,000 |
| Lincoln, South Dakota | 2 | $ 680,000 | $ 340,000 | $ 0 |
| Minnehaha, South Dakota | 2 | $ 620,000 | $ 310,000 | $ 87,000 |
| Natrona, Wyoming | 2 | $ 320,000 | $ 160,000 | $ 44,000 |
| Pinal, Arizona | 1 | $ 305,000 | $ 305,000 | $ 141,000 |
| Boulder, Colorado | 1 | $ 315,000 | $ 315,000 | $ 138,000 |
| El Paso, Colorado | 1 | $ 135,000 | $ 135,000 | $ 64,000 |
| Weld, Colorado | 1 | $ 625,000 | $ 625,000 | $ 266,000 |
| Charlotte, Florida | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Collier, Florida | 1 | $ 165,000 | $ 165,000 | $ 205,000 |
| Lee, Florida | 1 | $ 305,000 | $ 305,000 | $ 285,000 |
| Pinellas, Florida | 1 | $ 1,075,000 | $ 1,075,000 | $ 937,000 |
| Cook, Illinois | 1 | $ 225,000 | $ 225,000 | $ 114,000 |
| Johnson, Iowa | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Shelby, Kentucky | 1 | $ 605,000 | $ 605,000 | $ 340,000 |
| Aitkin, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 16,000 |
| Big Stone, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Chippewa, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 74,000 |
| Chisago, Minnesota | 1 | $ 265,000 | $ 265,000 | $ 220,000 |
| Lake of the Woods, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 73,000 |
| Meeker, Minnesota | 1 | $ 195,000 | $ 195,000 | $ 93,000 |
| Mille Lacs, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 1,105,000 |
| Nicollet, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 127,000 |
| Nobles, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 104,000 |
| Pine, Minnesota | 1 | $ 315,000 | $ 315,000 | $ 95,000 |
| Sherburne, Minnesota | 1 | $ 425,000 | $ 425,000 | $ 237,000 |
| Swift, Minnesota | 1 | $ 355,000 | $ 355,000 | $ 166,000 |
| Wilkin, Minnesota | 1 | $ 235,000 | $ 235,000 | $ 69,000 |
| San Juan, New Mexico | 1 | $ 535,000 | $ 535,000 | $ 274,000 |
| Barnes, North Dakota | 1 | $ 25,000 | $ 25,000 | $ 68,000 |
| Dickey, North Dakota | 1 | $ 425,000 | $ 425,000 | $ 101,000 |
| Grand Forks, North Dakota | 1 | $ 255,000 | $ 255,000 | $ 92,000 |
| Ramsey, North Dakota | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Wells, North Dakota | 1 | $ 55,000 | $ 55,000 | $ 21,000 |
| Lucas, Ohio | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Brown, South Dakota | 1 | $ 305,000 | $ 305,000 | $ 233,000 |
| Campbell, South Dakota | 1 | $ 145,000 | $ 145,000 | $ 921,000 |
| Davison, South Dakota | 1 | $ 7,995,000 | $ 7,995,000 | $ 0 |
| Hamlin, South Dakota | 1 | $ 415,000 | $ 415,000 | $ 309,000 |
| Polk, Tennessee | 1 | $ 265,000 | $ 265,000 | $ 115,000 |
| Douglas, Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 72,000 |
| Outagamie, Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 174,000 |
| St. Croix, Wisconsin | 1 | $ 475,000 | $ 475,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Western Bank & Trust in 2023
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 | 606 | $174,290,000 | $287,000 | $7,995,000 | $136,000 | $1,105,000 |
| Refinancing | 89 | $16,155,000 | $181,000 | $745,000 | $100,000 | $658,000 |
| Other Purpose | 25 | $3,025,000 | $121,000 | $315,000 | $172,000 | $921,000 |
| Home Improvement | 20 | $2,040,000 | $102,000 | $285,000 | $148,000 | $528,000 |
| Cash-out Refinancing | 8 | $3,480,000 | $435,000 | $725,000 | $224,000 | $586,000 |
| 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 | 562 | $142,090,000 | $252,000 | $1,455,000 | $136,000 | $1,105,000 |
| Not applicable | 126 | $43,650,000 | $346,000 | $7,995,000 | $0 | $0 |
| Not Provided | 27 | $5,895,000 | $218,000 | $725,000 | $145,000 | $390,000 |
| Hispanic | 11 | $2,445,000 | $222,000 | $415,000 | $101,000 | $270,000 |
| Asian | 10 | $1,900,000 | $190,000 | $375,000 | $92,000 | $170,000 |
| Black or African American | 7 | $1,955,000 | $279,000 | $415,000 | $117,000 | $180,000 |
| American Indian or Alaskan Native | 5 | $1,055,000 | $211,000 | $265,000 | $96,000 | $169,000 |
| 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) | 659 | $176,105,000 | $267,000 | $7,995,000 | $142,000 | $1,105,000 |
| FHA-insured (Federal Housing Administration) | 50 | $11,510,000 | $230,000 | $425,000 | $84,000 | $280,000 |
| VA-guaranteed (Veterans Administration) | 33 | $9,955,000 | $301,000 | $745,000 | $103,000 | $290,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $1,420,000 | $236,000 | $355,000 | $97,000 | $146,000 |
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 | 618 | $166,720,000 | $269,000 | $7,995,000 | $139,000 | $1,105,000 |
| Application Withdrawn By Applicant | 88 | $22,760,000 | $258,000 | $1,455,000 | $125,000 | $921,000 |
| Application Denied By Financial Institution | 27 | $5,945,000 | $220,000 | $725,000 | $87,000 | $208,000 |
| Application Approved But Not Accepted | 15 | $3,565,000 | $237,000 | $315,000 | $121,000 | $348,000 |
| 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 | 721 | $193,045,000 | $267,000 | $7,995,000 | $137,000 | $1,105,000 |
| Credit History | 14 | $1,990,000 | $142,000 | $275,000 | $94,000 | $200,000 |
| Debt-To-Income Ratio | 8 | $2,940,000 | $367,000 | $725,000 | $79,000 | $208,000 |
| Other | 3 | $875,000 | $291,000 | $545,000 | $101,000 | $159,000 |
| Collateral | 1 | $105,000 | $105,000 | $105,000 | $51,000 | $51,000 |
| Employment History | 1 | $35,000 | $35,000 | $35,000 | $55,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Western Bank & Trust's 2023 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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