First Western Bank & Trust Mortgage Lending & HMDA Data, 2025
In 2025, First Western Bank & Trust of Minot, ND reported 565 mortgage applications totaling $186.6 million, down 5% from 2024. The average application was for $330,274, and applicants reported an average income of $142,504. 79% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Fargo, ND-MN (116), Minot, ND (82) and Bismarck, ND (57) (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 | 565 |
| Total Mortgage Loan Application Amount | $186,605,000 |
| Average Mortgage Loan Application Amount | $330,274 |
| Highest Mortgage Loan Application Amount | $9,095,000 |
| Average Applicant Income | $142,504 |
| Highest Applicant Income | $1,685,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 250 | $ 67,310,000 | $ 269,240 | $ 144,984 |
| Fargo, ND-MN | 116 | $ 34,000,000 | $ 293,103 | $ 142,413 |
| Minot, ND | 82 | $ 25,260,000 | $ 308,048 | $ 117,000 |
| Bismarck, ND | 57 | $ 17,095,000 | $ 299,912 | $ 141,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 29 | $ 15,355,000 | $ 529,482 | $ 127,000 |
| Sioux Falls, SD | 8 | $ 18,620,000 | $ 2,327,500 | $ 203,750 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 2,150,000 | $ 537,500 | $ 251,000 |
| St. Cloud, MN | 4 | $ 820,000 | $ 205,000 | $ 108,000 |
| Duluth, MN-WI | 2 | $ 410,000 | $ 205,000 | $ 69,000 |
| Grand Forks, ND-MN | 2 | $ 670,000 | $ 335,000 | $ 97,000 |
| Punta Gorda, FL | 2 | $ 350,000 | $ 175,000 | $ 163,000 |
| Tucson, AZ | 2 | $ 660,000 | $ 330,000 | $ 92,000 |
| Dallas-Plano-Irving, TX | 1 | $ 915,000 | $ 915,000 | $ 335,000 |
| La Crosse-Onalaska, WI-MN | 1 | $ 185,000 | $ 185,000 | $ 37,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 305,000 | $ 305,000 | $ 172,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 255,000 | $ 255,000 | $ 135,000 |
| Rapid City, SD | 1 | $ 1,085,000 | $ 1,085,000 | $ 587,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 425,000 | $ 425,000 | $ 170,000 |
Mortgage Loan Application Detail Totals for First Western Bank & Trust in 2025
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 | 423 | $147,825,000 | $349,000 | $9,095,000 | $145,000 | $1,685,000 |
| Refinancing | 83 | $27,335,000 | $329,000 | $3,995,000 | $141,000 | $696,000 |
| Cash-out Refinancing | 27 | $6,355,000 | $235,000 | $605,000 | $110,000 | $281,000 |
| Other Purpose | 17 | $3,565,000 | $209,000 | $695,000 | $176,000 | $938,000 |
| Home Improvement | 15 | $1,525,000 | $101,000 | $265,000 | $101,000 | $338,000 |
| 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 | 394 | $106,820,000 | $271,000 | $2,685,000 | $134,000 | $1,189,000 |
| Not applicable | 95 | $54,205,000 | $570,000 | $9,095,000 | $0 | $0 |
| Not Provided | 38 | $14,970,000 | $393,000 | $2,755,000 | $245,000 | $1,685,000 |
| Hispanic | 16 | $4,570,000 | $285,000 | $495,000 | $147,000 | $696,000 |
| Black or African American | 10 | $2,780,000 | $278,000 | $605,000 | $87,000 | $160,000 |
| Asian | 7 | $2,265,000 | $323,000 | $635,000 | $183,000 | $471,000 |
| American Indian or Alaskan Native | 5 | $995,000 | $199,000 | $345,000 | $66,000 | $112,000 |
| 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) | 483 | $164,845,000 | $341,000 | $9,095,000 | $152,000 | $1,685,000 |
| FHA-insured (Federal Housing Administration) | 44 | $11,230,000 | $255,000 | $495,000 | $96,000 | $177,000 |
| VA-guaranteed (Veterans Administration) | 30 | $8,900,000 | $296,000 | $915,000 | $113,000 | $335,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,630,000 | $203,000 | $285,000 | $77,000 | $111,000 |
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 | 446 | $152,090,000 | $341,000 | $9,095,000 | $150,000 | $1,685,000 |
| Application Withdrawn By Applicant | 86 | $24,740,000 | $287,000 | $1,705,000 | $125,000 | $587,000 |
| Application Denied By Financial Institution | 26 | $8,290,000 | $318,000 | $2,755,000 | $105,000 | $465,000 |
| Application Approved But Not Accepted | 6 | $1,250,000 | $208,000 | $455,000 | $113,000 | $203,000 |
| File Closed For Incompleteness | 1 | $235,000 | $235,000 | $235,000 | $51,000 | $51,000 |
| 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 | 539 | $178,315,000 | $330,000 | $9,095,000 | $144,000 | $1,685,000 |
| Credit History | 11 | $2,165,000 | $196,000 | $365,000 | $92,000 | $166,000 |
| Debt-To-Income Ratio | 9 | $4,845,000 | $538,000 | $2,755,000 | $119,000 | $465,000 |
| Other | 4 | $950,000 | $237,000 | $395,000 | $87,000 | $113,000 |
| Collateral | 2 | $330,000 | $165,000 | $305,000 | $149,000 | $233,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2025 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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with aggregated HMDA statistics today.
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