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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 459 | $ 112,815,000 | $ 245,784 | $ 124,775 |
| Fargo, ND-MN | 156 | $ 44,450,000 | $ 284,935 | $ 139,666 |
| Bismarck, ND | 63 | $ 18,515,000 | $ 293,888 | $ 141,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 33 | $ 11,055,000 | $ 335,000 | $ 213,000 |
| St. Cloud, MN | 8 | $ 2,260,000 | $ 282,500 | $ 103,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 1,200,000 | $ 300,000 | $ 277,000 |
| Sioux Falls, SD | 4 | $ 1,300,000 | $ 325,000 | $ 87,000 |
| Casper, WY | 2 | $ 320,000 | $ 160,000 | $ 44,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 1,260,000 | $ 630,000 | $ 309,000 |
| Appleton, WI | 1 | $ 125,000 | $ 125,000 | $ 174,000 |
| Boulder, CO | 1 | $ 315,000 | $ 315,000 | $ 138,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 305,000 | $ 305,000 | $ 285,000 |
| Chicago-Naperville, IL | 1 | $ 225,000 | $ 225,000 | $ 114,000 |
| Cleveland, TN | 1 | $ 265,000 | $ 265,000 | $ 115,000 |
| Colorado Springs, CO | 1 | $ 135,000 | $ 135,000 | $ 64,000 |
| Duluth, MN-WI | 1 | $ 245,000 | $ 245,000 | $ 72,000 |
| Farmington, NM | 1 | $ 535,000 | $ 535,000 | $ 274,000 |
| Grand Forks, ND-MN | 1 | $ 255,000 | $ 255,000 | $ 92,000 |
| Greeley, CO | 1 | $ 625,000 | $ 625,000 | $ 266,000 |
| Iowa City, IA | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Louisville/Jefferson County, KY-IN | 1 | $ 605,000 | $ 605,000 | $ 340,000 |
| Mankato-North Mankato, MN | 1 | $ 215,000 | $ 215,000 | $ 127,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 165,000 | $ 165,000 | $ 205,000 |
| Punta Gorda, FL | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 1,075,000 | $ 1,075,000 | $ 937,000 |
| Toledo, OH | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
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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