First Western Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, First Western Bank & Trust of Minot, ND reported 1,616 mortgage applications totaling $424.1 million, up 252% from 2020. The average application was for $262,462, and applicants reported an average income of $114,355. 85% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Fargo, ND-MN (331), Bismarck, ND (173) and Minneapolis-St. Paul-Bloomington, MN-WI (72) (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 | 1,616 |
| Total Mortgage Loan Application Amount | $424,140,000 |
| Average Mortgage Loan Application Amount | $262,462 |
| Highest Mortgage Loan Application Amount | $21,485,000 |
| Average Applicant Income | $114,355 |
| Highest Applicant Income | $1,500,000 |
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records First Western Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 | 866 | $217,610,000 | $251,000 | $8,415,000 | $104,000 | $971,000 |
| Refinancing | 469 | $145,205,000 | $309,000 | $21,485,000 | $129,000 | $1,116,000 |
| Cash-out Refinancing | 230 | $54,850,000 | $238,000 | $545,000 | $128,000 | $1,500,000 |
| Other Purpose | 33 | $4,645,000 | $140,000 | $445,000 | $94,000 | $234,000 |
| Home Improvement | 18 | $1,830,000 | $101,000 | $505,000 | $94,000 | $184,000 |
| 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 | 1,327 | $305,575,000 | $230,000 | $1,265,000 | $114,000 | $1,500,000 |
| Not applicable | 162 | $88,440,000 | $545,000 | $21,485,000 | $0 | $0 |
| Not Provided | 55 | $13,195,000 | $239,000 | $545,000 | $154,000 | $1,076,000 |
| Hispanic | 32 | $6,860,000 | $214,000 | $545,000 | $71,000 | $229,000 |
| Black or African American | 19 | $5,225,000 | $275,000 | $545,000 | $114,000 | $485,000 |
| Asian | 12 | $3,470,000 | $289,000 | $495,000 | $118,000 | $221,000 |
| American Indian or Alaskan Native | 8 | $1,310,000 | $163,000 | $435,000 | $79,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $65,000 | $65,000 | $65,000 | $27,000 | $27,000 |
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) | 1,382 | $372,920,000 | $269,000 | $21,485,000 | $123,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) | 83 | $16,325,000 | $196,000 | $345,000 | $62,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 81 | $22,265,000 | $274,000 | $595,000 | $83,000 | $216,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 70 | $12,630,000 | $180,000 | $305,000 | $51,000 | $97,000 |
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 | 1,366 | $367,390,000 | $268,000 | $21,485,000 | $118,000 | $1,208,000 |
| Application Withdrawn By Applicant | 178 | $40,530,000 | $227,000 | $755,000 | $106,000 | $1,500,000 |
| Application Denied By Financial Institution | 58 | $13,680,000 | $235,000 | $545,000 | $63,000 | $204,000 |
| Application Approved But Not Accepted | 13 | $2,415,000 | $185,000 | $435,000 | $116,000 | $221,000 |
| File Closed For Incompleteness | 1 | $125,000 | $125,000 | $125,000 | $45,000 | $45,000 |
| 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 | 1,558 | $410,460,000 | $263,000 | $21,485,000 | $117,000 | $1,500,000 |
| Debt-To-Income Ratio | 27 | $7,125,000 | $263,000 | $545,000 | $50,000 | $152,000 |
| Credit History | 14 | $2,310,000 | $165,000 | $285,000 | $63,000 | $132,000 |
| Collateral | 9 | $2,435,000 | $270,000 | $545,000 | $101,000 | $204,000 |
| Other | 5 | $1,285,000 | $257,000 | $495,000 | $92,000 | $145,000 |
| Employment History | 2 | $260,000 | $130,000 | $155,000 | $56,000 | $58,000 |
| Unverifiable Information | 1 | $265,000 | $265,000 | $265,000 | $0 | $0 |
| Credit Application Incomplete | 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 2021 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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