First Western Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, First Western Bank & Trust of Minot, ND reported 177 mortgage applications totaling $20.5 million. The average application was for $115,717, and applicants reported an average income of $69,338. 92% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Fargo, ND-MN (1), Grand Forks, ND-MN (1) and Minneapolis-St. Paul-Bloomington, MN-WI (1) (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 | 177 |
| Total Mortgage Loan Application Amount | $20,482,000 |
| Average Mortgage Loan Application Amount | $115,717 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $69,338 |
| Highest Applicant Income | $469,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Western Bank & Trust in 2012
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 | 97 | $14,721,000 | $151,000 | $500,000 | $64,000 | $227,000 |
| Home Improvement | 51 | $2,053,000 | $40,000 | $175,000 | $74,000 | $469,000 |
| Refinancing | 29 | $3,708,000 | $127,000 | $375,000 | $79,000 | $379,000 |
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 | 160 | $17,721,000 | $110,000 | $500,000 | $74,000 | $469,000 |
| Not applicable | 12 | $2,262,000 | $188,000 | $250,000 | $0 | $0 |
| Not Provided | 1 | $145,000 | $145,000 | $145,000 | $85,000 | $85,000 |
| American Indian or Alaskan Native | 1 | $104,000 | $104,000 | $104,000 | $12,000 | $12,000 |
| Asian | 1 | $82,000 | $82,000 | $82,000 | $112,000 | $112,000 |
| Hispanic | 1 | $40,000 | $40,000 | $40,000 | $102,000 | $102,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $128,000 | $128,000 | $128,000 | $83,000 | $83,000 |
| Black or African American | 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) | 165 | $18,244,000 | $110,000 | $500,000 | $70,000 | $469,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,465,000 | $162,000 | $245,000 | $55,000 | $82,000 |
| VA-guaranteed (Veterans Administration) | 3 | $773,000 | $257,000 | $354,000 | $58,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 163 | $19,590,000 | $120,000 | $500,000 | $71,000 | $469,000 |
| Application Denied By Financial Institution | 14 | $892,000 | $63,000 | $165,000 | $46,000 | $85,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 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 2012 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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