First Western Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, First Western Bank & Trust of Minot, ND reported 161 mortgage applications totaling $25.9 million, down 9% from 2012. The average application was for $160,714, and applicants reported an average income of $81,658. 86% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Denver-Aurora-Broomfield, CO (2), Bismarck, ND (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 | 161 |
| Total Mortgage Loan Application Amount | $25,875,000 |
| Average Mortgage Loan Application Amount | $160,714 |
| Highest Mortgage Loan Application Amount | $1,930,000 |
| Average Applicant Income | $81,658 |
| Highest Applicant Income | $420,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 85 | $16,604,000 | $195,000 | $1,930,000 | $89,000 | $298,000 |
| Refinancing | 51 | $8,215,000 | $161,000 | $417,000 | $82,000 | $420,000 |
| Home Improvement | 25 | $1,056,000 | $42,000 | $304,000 | $56,000 | $128,000 |
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 | 150 | $20,823,000 | $138,000 | $417,000 | $87,000 | $420,000 |
| Not applicable | 10 | $4,998,000 | $499,000 | $1,930,000 | $0 | $0 |
| Hispanic | 1 | $54,000 | $54,000 | $54,000 | $40,000 | $40,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 147 | $23,227,000 | $158,000 | $1,930,000 | $82,000 | $420,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,569,000 | $174,000 | $262,000 | $78,000 | $134,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,079,000 | $215,000 | $358,000 | $66,000 | $140,000 |
| 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 | 139 | $23,315,000 | $167,000 | $1,930,000 | $81,000 | $420,000 |
| Application Denied By Financial Institution | 12 | $1,314,000 | $109,000 | $366,000 | $60,000 | $141,000 |
| Application Approved But Not Accepted | 8 | $984,000 | $123,000 | $238,000 | $117,000 | $265,000 |
| Application Withdrawn By Applicant | 2 | $262,000 | $131,000 | $208,000 | $121,000 | $203,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2013 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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