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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 516 | $ 148,110,000 | $ 287,034 | $ 108,396 |
| Fargo, ND-MN | 200 | $ 60,530,000 | $ 302,650 | $ 110,540 |
| Bismarck, ND | 71 | $ 44,045,000 | $ 620,352 | $ 127,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 29 | $ 20,935,000 | $ 721,896 | $ 137,000 |
| St. Cloud, MN | 7 | $ 1,235,000 | $ 176,428 | $ 88,000 |
| Sioux Falls, SD | 6 | $ 1,440,000 | $ 240,000 | $ 158,000 |
| Grand Forks, ND-MN | 4 | $ 750,000 | $ 187,500 | $ 98,250 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 1,015,000 | $ 338,333 | $ 335,000 |
| Duluth, MN-WI | 2 | $ 230,000 | $ 115,000 | $ 90,000 |
| Panama City, FL | 2 | $ 1,070,000 | $ 535,000 | $ 158,000 |
| Rapid City, SD | 2 | $ 1,010,000 | $ 505,000 | $ 71,000 |
| St. Louis, MO-IL | 2 | $ 180,000 | $ 90,000 | $ 243,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 295,000 | $ 295,000 | $ 82,000 |
| Corpus Christi, TX | 1 | $ 155,000 | $ 155,000 | $ 208,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 385,000 | $ 385,000 | $ 25,000 |
| New York-Newark, NY | 1 | $ 445,000 | $ 445,000 | $ 501,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 935,000 | $ 935,000 | $ 586,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 365,000 | $ 365,000 | $ 114,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 425,000 | $ 425,000 | $ 337,000 |
| Rochester, MN | 1 | $ 175,000 | $ 175,000 | $ 49,000 |
| San Antonio-New Braunfels, TX | 1 | $ 425,000 | $ 425,000 | $ 78,000 |
| Yuma, AZ | 1 | $ 175,000 | $ 175,000 | $ 38,000 |
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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