First Western Federal Savings Bank Mortgage Lending & HMDA Data, 2021
In 2021, First Western Federal Savings Bank of Rapid City, SD reported 191 mortgage applications totaling $27.7 million, up 19% from 2020. The average application was for $144,947, and applicants reported an average income of $167,000. 69% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (16), Dallas-Plano-Irving, TX (7) and Kansas City, MO-KS (6) (applications in parentheses).
| Mortgage Company & Address | First Western Federal Savings Bank P.O. Box 1435 Rapid City, SD 57701 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 191 |
| Total Mortgage Loan Application Amount | $27,685,000 |
| Average Mortgage Loan Application Amount | $144,947 |
| Highest Mortgage Loan Application Amount | $565,000 |
| Average Applicant Income | $167,000 |
| Highest Applicant Income | $167,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Western Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Roswell, GA | 16 | $ 1,840,000 | $ 115,000 | $ 0 |
| Outside any metro area | 15 | $ 2,485,000 | $ 165,666 | $ 0 |
| Dallas-Plano-Irving, TX | 7 | $ 1,165,000 | $ 166,428 | $ 0 |
| Kansas City, MO-KS | 6 | $ 520,000 | $ 86,666 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 5 | $ 475,000 | $ 95,000 | $ 0 |
| Dayton-Springfield-Kettering, OH | 4 | $ 830,000 | $ 207,500 | $ 0 |
| Jacksonville, FL | 4 | $ 740,000 | $ 185,000 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 4 | $ 640,000 | $ 160,000 | $ 167,000 |
| Memphis, TN-MS-AR | 4 | $ 320,000 | $ 80,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 580,000 | $ 145,000 | $ 0 |
| Abilene, TX | 3 | $ 285,000 | $ 95,000 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 305,000 | $ 101,666 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 375,000 | $ 125,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 555,000 | $ 185,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 665,000 | $ 221,666 | $ 0 |
| Ocala, FL | 3 | $ 305,000 | $ 101,666 | $ 0 |
| Panama City, FL | 3 | $ 395,000 | $ 131,666 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 555,000 | $ 185,000 | $ 0 |
| San Antonio-New Braunfels, TX | 3 | $ 625,000 | $ 208,333 | $ 0 |
| Barnstable Town, MA | 2 | $ 590,000 | $ 295,000 | $ 0 |
| Birmingham-Hoover, AL | 2 | $ 180,000 | $ 90,000 | $ 0 |
| Boise City, ID | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Burlington-South Burlington, VT | 2 | $ 250,000 | $ 125,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 380,000 | $ 190,000 | $ 0 |
| Chicago-Naperville, IL | 2 | $ 170,000 | $ 85,000 | $ 0 |
| Cincinnati, OH-KY-IN | 2 | $ 110,000 | $ 55,000 | $ 0 |
| Columbus, OH | 2 | $ 100,000 | $ 50,000 | $ 0 |
| Fort Collins, CO | 2 | $ 390,000 | $ 195,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 2 | $ 320,000 | $ 160,000 | $ 0 |
| Huntsville, AL | 2 | $ 230,000 | $ 115,000 | $ 0 |
| Knoxville, TN | 2 | $ 250,000 | $ 125,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 330,000 | $ 165,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 220,000 | $ 110,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 450,000 | $ 225,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 160,000 | $ 80,000 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 130,000 | $ 65,000 | $ 0 |
| Provo-Orem, UT | 2 | $ 150,000 | $ 75,000 | $ 0 |
| Raleigh, NC | 2 | $ 390,000 | $ 195,000 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 180,000 | $ 90,000 | $ 0 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 910,000 | $ 455,000 | $ 0 |
| Savannah, GA | 2 | $ 190,000 | $ 95,000 | $ 0 |
| St. Louis, MO-IL | 2 | $ 120,000 | $ 60,000 | $ 0 |
| Staunton-Waynesboro, VA | 2 | $ 310,000 | $ 155,000 | $ 0 |
| Waco, TX | 2 | $ 190,000 | $ 95,000 | $ 0 |
| Bakersfield, CA | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Bellingham, WA | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Bend-Redmond, OR | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Boston, MA | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Cleveland-Elyria, OH | 1 | $ 195,000 | $ 195,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Daphne-Fairhope-Foley, AL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Decatur, AL | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Decatur, IL | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Denver-Aurora-Lakewood, CO | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Durham-Chapel Hill, NC | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Elgin, IL | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Homosassa Springs, FL | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Killeen-Temple, TX | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Lake Havasu City-Kingman, AZ | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Lakeland-Winter Haven, FL | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Las Cruces, NM | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Longview, TX | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Lubbock, TX | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Madera, CA | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Muskegon, MI | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 45,000 | $ 45,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Ogden-Clearfield, UT | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Rapid City, SD | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Reno, NV | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Roanoke, VA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Rockford, IL | 1 | $ 325,000 | $ 325,000 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| St. George, UT | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Stockton-Lodi, CA | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Tucson, AZ | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Tyler, TX | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Urban Honolulu, HI | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Washington-Baltimore-Arlington, DC | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Wilmington, NC | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Worcester, MA-CT | 1 | $ 135,000 | $ 135,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Western Federal Savings Bank 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 | 177 | $25,205,000 | $142,000 | $525,000 | $0 | $0 |
| Refinancing | 10 | $1,580,000 | $158,000 | $345,000 | $167,000 | $167,000 |
| Cash-out Refinancing | 4 | $900,000 | $225,000 | $565,000 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 190 | $27,380,000 | $144,000 | $565,000 | $0 | $0 |
| Hispanic | 1 | $305,000 | $305,000 | $305,000 | $167,000 | $167,000 |
| 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 |
| White | 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) | 191 | $27,685,000 | $144,000 | $565,000 | $167,000 | $167,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 132 | $18,300,000 | $138,000 | $475,000 | $0 | $0 |
| Application Approved But Not Accepted | 21 | $2,895,000 | $137,000 | $475,000 | $0 | $0 |
| Application Denied By Financial Institution | 20 | $3,330,000 | $166,000 | $405,000 | $167,000 | $167,000 |
| Application Withdrawn By Applicant | 15 | $2,765,000 | $184,000 | $565,000 | $0 | $0 |
| File Closed For Incompleteness | 3 | $395,000 | $131,000 | $205,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 191 | $27,685,000 | $144,000 | $565,000 | $167,000 | $167,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Western Federal Savings Bank'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 Federal Savings Bank'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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