First Western Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, First Western Bank & Trust of Minot, ND reported 459 mortgage applications totaling $149.6 million, up 126% from 2019. The average application was for $325,958, and applicants reported an average income of $116,010. 92% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Fargo, ND-MN (63), Bismarck, ND (59) and Minneapolis-St. Paul-Bloomington, MN-WI (21) (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 | 459 |
| Total Mortgage Loan Application Amount | $149,615,000 |
| Average Mortgage Loan Application Amount | $325,958 |
| Highest Mortgage Loan Application Amount | $19,705,000 |
| Average Applicant Income | $116,010 |
| Highest Applicant Income | $1,225,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 294 | $ 70,310,000 | $ 239,149 | $ 111,173 |
| Fargo, ND-MN | 63 | $ 16,335,000 | $ 259,285 | $ 115,142 |
| Bismarck, ND | 59 | $ 30,875,000 | $ 523,305 | $ 135,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 21 | $ 5,715,000 | $ 272,142 | $ 124,000 |
| St. Cloud, MN | 6 | $ 950,000 | $ 158,333 | $ 151,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,570,000 | $ 785,000 | $ 161,000 |
| Grand Forks, ND-MN | 2 | $ 510,000 | $ 255,000 | $ 58,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 940,000 | $ 470,000 | $ 203,000 |
| Sioux Falls, SD | 2 | $ 650,000 | $ 325,000 | $ 90,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 235,000 | $ 235,000 | $ 45,000 |
| Chicago-Naperville, IL | 1 | $ 445,000 | $ 445,000 | $ 200,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 335,000 | $ 335,000 | $ 230,000 |
| Great Falls, MT | 1 | $ 345,000 | $ 345,000 | $ 115,000 |
| La Crosse-Onalaska, WI-MN | 1 | $ 19,705,000 | $ 19,705,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 125,000 | $ 125,000 | $ 172,000 |
| Pueblo, CO | 1 | $ 145,000 | $ 145,000 | $ 70,000 |
| Rochester, MN | 1 | $ 425,000 | $ 425,000 | $ 241,000 |
Mortgage Loan Application Detail Totals for First Western Bank & Trust in 2020
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 | 185 | $63,535,000 | $343,000 | $19,705,000 | $101,000 | $451,000 |
| Refinancing | 167 | $59,315,000 | $355,000 | $8,205,000 | $122,000 | $605,000 |
| Cash-out Refinancing | 95 | $24,475,000 | $257,000 | $1,005,000 | $135,000 | $1,225,000 |
| Other Purpose | 9 | $1,795,000 | $199,000 | $345,000 | $125,000 | $261,000 |
| Home Improvement | 3 | $495,000 | $165,000 | $445,000 | $80,000 | $99,000 |
| 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 | 406 | $94,360,000 | $232,000 | $1,005,000 | $117,000 | $1,225,000 |
| Not applicable | 33 | $50,995,000 | $1,545,000 | $19,705,000 | $0 | $0 |
| Not Provided | 10 | $2,420,000 | $242,000 | $475,000 | $101,000 | $238,000 |
| Hispanic | 5 | $705,000 | $141,000 | $235,000 | $103,000 | $258,000 |
| Black or African American | 3 | $765,000 | $255,000 | $335,000 | $59,000 | $65,000 |
| American Indian or Alaskan Native | 1 | $325,000 | $325,000 | $325,000 | $76,000 | $76,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 402 | $137,120,000 | $341,000 | $19,705,000 | $123,000 | $1,225,000 |
| VA-guaranteed (Veterans Administration) | 24 | $6,580,000 | $274,000 | $525,000 | $87,000 | $241,000 |
| FHA-insured (Federal Housing Administration) | 17 | $3,225,000 | $189,000 | $335,000 | $56,000 | $86,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $2,690,000 | $168,000 | $235,000 | $49,000 | $76,000 |
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 | 422 | $141,680,000 | $335,000 | $19,705,000 | $120,000 | $1,225,000 |
| Application Withdrawn By Applicant | 23 | $4,965,000 | $215,000 | $515,000 | $83,000 | $191,000 |
| Application Denied By Financial Institution | 11 | $1,685,000 | $153,000 | $345,000 | $57,000 | $163,000 |
| Loan Purchased By The Institution | 3 | $1,285,000 | $428,000 | $745,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 459 | $149,615,000 | $325,000 | $19,705,000 | $116,000 | $1,225,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Western Bank & Trust's 2020 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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