First Western Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, First Western Bank & Trust of Minot, ND reported 593 mortgage applications totaling $165.3 million, down 21% from 2023. The average application was for $278,827, and applicants reported an average income of $140,580. 77% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Fargo, ND-MN (99), Minot, ND (93) and Minneapolis-St. Paul-Bloomington, MN-WI (58) (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 | 593 |
| Total Mortgage Loan Application Amount | $165,345,000 |
| Average Mortgage Loan Application Amount | $278,827 |
| Highest Mortgage Loan Application Amount | $3,655,000 |
| Average Applicant Income | $140,580 |
| Highest Applicant Income | $1,156,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 88 | $ 19,700,000 | $ 223,863 | $ 129,000 |
| Cass, North Dakota | 78 | $ 19,980,000 | $ 256,153 | $ 170,000 |
| Crow Wing, Minnesota | 76 | $ 18,730,000 | $ 246,447 | $ 126,000 |
| Burleigh, North Dakota | 40 | $ 12,600,000 | $ 315,000 | $ 153,000 |
| Douglas, Minnesota | 39 | $ 10,635,000 | $ 272,692 | $ 135,000 |
| Clay, Minnesota | 21 | $ 7,495,000 | $ 356,904 | $ 101,000 |
| Cass, Minnesota | 20 | $ 7,550,000 | $ 377,500 | $ 208,000 |
| McLean, North Dakota | 17 | $ 3,905,000 | $ 229,705 | $ 103,000 |
| Hennepin, Minnesota | 16 | $ 4,870,000 | $ 304,375 | $ 143,000 |
| Morrison, Minnesota | 12 | $ 3,010,000 | $ 250,833 | $ 127,000 |
| Morton, North Dakota | 9 | $ 2,935,000 | $ 326,111 | $ 114,000 |
| Richland, North Dakota | 9 | $ 1,485,000 | $ 165,000 | $ 151,000 |
| Otter Tail, Minnesota | 8 | $ 2,010,000 | $ 251,250 | $ 97,000 |
| Wright, Minnesota | 8 | $ 2,160,000 | $ 270,000 | $ 117,000 |
| Anoka, Minnesota | 7 | $ 2,105,000 | $ 300,714 | $ 239,000 |
| Becker, Minnesota | 7 | $ 2,215,000 | $ 316,428 | $ 165,000 |
| Bottineau, North Dakota | 7 | $ 1,775,000 | $ 253,571 | $ 167,000 |
| Ramsey, Minnesota | 5 | $ 1,315,000 | $ 263,000 | $ 90,000 |
| Stearns, Minnesota | 5 | $ 725,000 | $ 145,000 | $ 86,000 |
| Williams, North Dakota | 5 | $ 1,745,000 | $ 349,000 | $ 157,000 |
| Aitkin, Minnesota | 4 | $ 1,370,000 | $ 342,500 | $ 174,000 |
| Dakota, Minnesota | 4 | $ 1,270,000 | $ 317,500 | $ 137,000 |
| Kandiyohi, Minnesota | 4 | $ 1,050,000 | $ 262,500 | $ 119,000 |
| Rice, Minnesota | 4 | $ 1,300,000 | $ 325,000 | $ 168,000 |
| Todd, Minnesota | 4 | $ 1,220,000 | $ 305,000 | $ 113,000 |
| Traverse, Minnesota | 4 | $ 550,000 | $ 137,500 | $ 111,000 |
| Washington, Minnesota | 4 | $ 3,260,000 | $ 815,000 | $ 196,000 |
| Mountrail, North Dakota | 4 | $ 1,300,000 | $ 325,000 | $ 140,000 |
| Boone, Indiana | 3 | $ 535,000 | $ 178,333 | $ 175,000 |
| Chisago, Minnesota | 3 | $ 1,015,000 | $ 338,333 | $ 143,000 |
| Grant, Minnesota | 3 | $ 505,000 | $ 168,333 | $ 101,000 |
| Nobles, Minnesota | 3 | $ 375,000 | $ 125,000 | $ 196,000 |
| Pope, Minnesota | 3 | $ 555,000 | $ 185,000 | $ 44,000 |
| Sherburne, Minnesota | 3 | $ 545,000 | $ 181,666 | $ 68,000 |
| Renville, North Dakota | 3 | $ 1,175,000 | $ 391,666 | $ 198,000 |
| Stark, North Dakota | 3 | $ 935,000 | $ 311,666 | $ 122,000 |
| Lee, Florida | 2 | $ 760,000 | $ 380,000 | $ 268,000 |
| Benton, Minnesota | 2 | $ 450,000 | $ 225,000 | $ 64,000 |
| Hubbard, Minnesota | 2 | $ 450,000 | $ 225,000 | $ 270,000 |
| Isanti, Minnesota | 2 | $ 4,040,000 | $ 2,020,000 | $ 165,000 |
| Scott, Minnesota | 2 | $ 570,000 | $ 285,000 | $ 81,000 |
| Wilkin, Minnesota | 2 | $ 340,000 | $ 170,000 | $ 43,000 |
| McHenry, North Dakota | 2 | $ 350,000 | $ 175,000 | $ 70,000 |
| Ramsey, North Dakota | 2 | $ 510,000 | $ 255,000 | $ 283,000 |
| Lincoln, South Dakota | 2 | $ 640,000 | $ 320,000 | $ 418,000 |
| Price, Wisconsin | 2 | $ 590,000 | $ 295,000 | $ 87,000 |
| St. Croix, Wisconsin | 2 | $ 710,000 | $ 355,000 | $ 169,000 |
| Maricopa, Arizona | 1 | $ 765,000 | $ 765,000 | $ 600,000 |
| Pinal, Arizona | 1 | $ 275,000 | $ 275,000 | $ 198,000 |
| El Paso, Colorado | 1 | $ 255,000 | $ 255,000 | $ 150,000 |
| Manatee, Florida | 1 | $ 575,000 | $ 575,000 | $ 175,000 |
| Sarasota, Florida | 1 | $ 765,000 | $ 765,000 | $ 513,000 |
| St. Lucie, Florida | 1 | $ 685,000 | $ 685,000 | $ 579,000 |
| Gwinnett, Georgia | 1 | $ 245,000 | $ 245,000 | $ 110,000 |
| Cook, Illinois | 1 | $ 205,000 | $ 205,000 | $ 114,000 |
| Marion, Indiana | 1 | $ 175,000 | $ 175,000 | $ 175,000 |
| Mecosta, Michigan | 1 | $ 135,000 | $ 135,000 | $ 100,000 |
| Beltrami, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 52,000 |
| Big Stone, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 47,000 |
| Carver, Minnesota | 1 | $ 255,000 | $ 255,000 | $ 84,000 |
| Chippewa, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 91,000 |
| Cook, Minnesota | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Marshall, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 38,000 |
| Mille Lacs, Minnesota | 1 | $ 235,000 | $ 235,000 | $ 80,000 |
| Olmsted, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 72,000 |
| Pine, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 69,000 |
| St. Louis, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 193,000 |
| Stevens, Minnesota | 1 | $ 145,000 | $ 145,000 | $ 108,000 |
| Wadena, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 68,000 |
| Yellow Medicine, Minnesota | 1 | $ 605,000 | $ 605,000 | $ 133,000 |
| Butler, Missouri | 1 | $ 75,000 | $ 75,000 | $ 20,000 |
| Carbon, Montana | 1 | $ 375,000 | $ 375,000 | $ 151,000 |
| Yellowstone, Montana | 1 | $ 525,000 | $ 525,000 | $ 154,000 |
| Burke, North Dakota | 1 | $ 145,000 | $ 145,000 | $ 79,000 |
| Grand Forks, North Dakota | 1 | $ 315,000 | $ 315,000 | $ 112,000 |
| Mercer, North Dakota | 1 | $ 105,000 | $ 105,000 | $ 35,000 |
| Oliver, North Dakota | 1 | $ 295,000 | $ 295,000 | $ 165,000 |
| Ransom, North Dakota | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Walsh, North Dakota | 1 | $ 165,000 | $ 165,000 | $ 198,000 |
| Jasper, South Carolina | 1 | $ 445,000 | $ 445,000 | $ 158,000 |
| Brookings, South Dakota | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Brown, South Dakota | 1 | $ 705,000 | $ 705,000 | $ 205,000 |
| Lawrence, South Dakota | 1 | $ 485,000 | $ 485,000 | $ 129,000 |
| Minnehaha, South Dakota | 1 | $ 565,000 | $ 565,000 | $ 0 |
| Taylor, Texas | 1 | $ 225,000 | $ 225,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for First Western Bank & Trust in 2024
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 | 473 | $137,765,000 | $291,000 | $3,655,000 | $140,000 | $1,156,000 |
| Refinancing | 65 | $17,115,000 | $263,000 | $1,555,000 | $163,000 | $879,000 |
| Cash-out Refinancing | 21 | $5,945,000 | $283,000 | $765,000 | $115,000 | $378,000 |
| Home Improvement | 20 | $2,010,000 | $100,000 | $405,000 | $115,000 | $224,000 |
| Other Purpose | 14 | $2,510,000 | $179,000 | $565,000 | $131,000 | $303,000 |
| 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 | 426 | $121,060,000 | $284,000 | $2,255,000 | $143,000 | $1,156,000 |
| Not applicable | 90 | $23,750,000 | $263,000 | $3,655,000 | $0 | $0 |
| Not Provided | 28 | $7,430,000 | $265,000 | $765,000 | $123,000 | $600,000 |
| Black or African American | 16 | $4,740,000 | $296,000 | $495,000 | $130,000 | $323,000 |
| Hispanic | 14 | $3,010,000 | $215,000 | $315,000 | $69,000 | $103,000 |
| Asian | 10 | $3,240,000 | $324,000 | $1,005,000 | $216,000 | $780,000 |
| American Indian or Alaskan Native | 9 | $2,115,000 | $235,000 | $385,000 | $114,000 | $176,000 |
| 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) | 519 | $144,925,000 | $279,000 | $3,655,000 | $150,000 | $1,156,000 |
| FHA-insured (Federal Housing Administration) | 50 | $12,590,000 | $251,000 | $445,000 | $82,000 | $216,000 |
| VA-guaranteed (Veterans Administration) | 21 | $7,205,000 | $343,000 | $705,000 | $105,000 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $625,000 | $208,000 | $265,000 | $69,000 | $84,000 |
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 | 459 | $123,705,000 | $269,000 | $3,655,000 | $141,000 | $1,156,000 |
| Application Withdrawn By Applicant | 94 | $33,440,000 | $355,000 | $2,255,000 | $157,000 | $903,000 |
| Application Denied By Financial Institution | 33 | $6,805,000 | $206,000 | $605,000 | $82,000 | $178,000 |
| Application Approved But Not Accepted | 7 | $1,395,000 | $199,000 | $355,000 | $186,000 | $255,000 |
| 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 | 560 | $158,540,000 | $283,000 | $3,655,000 | $145,000 | $1,156,000 |
| Credit History | 13 | $1,885,000 | $145,000 | $315,000 | $82,000 | $137,000 |
| Debt-To-Income Ratio | 12 | $3,360,000 | $280,000 | $605,000 | $94,000 | $178,000 |
| Other | 4 | $820,000 | $205,000 | $345,000 | $77,000 | $110,000 |
| Collateral | 2 | $390,000 | $195,000 | $215,000 | $65,000 | $77,000 |
| Employment History | 2 | $350,000 | $175,000 | $195,000 | $47,000 | $48,000 |
| 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 2024 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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