Gate City Bank Mortgage Lending & HMDA Data, 2020

In 2020, Gate City Bank of Fargo, ND reported 8,459 mortgage applications totaling $1.8 billion, up 54% from 2019. The average application was for $207,194, and applicants reported an average income of $110,208. 77% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Fargo, ND-MN (2,642), Bismarck, ND (1,712) and Grand Forks, ND-MN (682) (applications in parentheses).

Mortgage Company & Address Gate City Bank
500 2nd Ave N
Fargo, ND 58102
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  2011  
Total Number of Mortgage Applications 8,459
Total Mortgage Loan Application Amount $1,752,655,000
Average Mortgage Loan Application Amount $207,194
Highest Mortgage Loan Application Amount $2,205,000
Average Applicant Income $110,208
Highest Applicant Income $4,683,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gate City Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Gate City Bank by County in 2020

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cass, North Dakota 2,029 $ 423,865,000 $ 208,903 $ 121,000
Burleigh, North Dakota 1,350 $ 318,430,000 $ 235,874 $ 123,000
Clay, Minnesota 615 $ 109,885,000 $ 178,674 $ 93,000
Ward, North Dakota 597 $ 120,615,000 $ 202,035 $ 108,000
Grand Forks, North Dakota 570 $ 107,970,000 $ 189,421 $ 104,000
Morton, North Dakota 353 $ 73,595,000 $ 208,484 $ 108,000
Otter Tail, Minnesota 305 $ 64,565,000 $ 211,688 $ 124,000
Williams, North Dakota 266 $ 67,840,000 $ 255,037 $ 134,000
Stutsman, North Dakota 159 $ 25,055,000 $ 157,578 $ 87,000
Douglas, Minnesota 152 $ 29,740,000 $ 195,657 $ 100,000
Stark, North Dakota 140 $ 27,740,000 $ 198,142 $ 102,000
Becker, Minnesota 129 $ 34,845,000 $ 270,116 $ 160,000
Polk, Minnesota 112 $ 20,220,000 $ 180,535 $ 108,000
Richland, North Dakota 105 $ 16,105,000 $ 153,380 $ 95,000
Ramsey, North Dakota 87 $ 14,645,000 $ 168,333 $ 95,000
Foster, North Dakota 52 $ 6,370,000 $ 122,500 $ 82,000
Stearns, Minnesota 44 $ 7,880,000 $ 179,090 $ 116,000
Traill, North Dakota 40 $ 6,220,000 $ 155,500 $ 101,000
Hennepin, Minnesota 38 $ 11,770,000 $ 309,736 $ 148,000
McLean, North Dakota 37 $ 7,565,000 $ 204,459 $ 108,000
Maricopa, Arizona 28 $ 7,110,000 $ 253,928 $ 184,000
McHenry, North Dakota 27 $ 4,935,000 $ 182,777 $ 103,000
Wilkin, Minnesota 24 $ 3,620,000 $ 150,833 $ 71,000
Bottineau, North Dakota 24 $ 5,280,000 $ 220,000 $ 109,000
Mercer, North Dakota 24 $ 5,130,000 $ 213,750 $ 124,000
Walsh, North Dakota 21 $ 2,405,000 $ 114,523 $ 71,000
Benton, Minnesota 20 $ 3,800,000 $ 190,000 $ 82,000
Barnes, North Dakota 16 $ 2,840,000 $ 177,500 $ 96,000
Grant, Minnesota 15 $ 2,245,000 $ 149,666 $ 97,000
Nelson, North Dakota 15 $ 1,955,000 $ 130,333 $ 92,000
Anoka, Minnesota 14 $ 3,440,000 $ 245,714 $ 123,000
Hubbard, Minnesota 14 $ 2,590,000 $ 185,000 $ 136,000
Renville, North Dakota 13 $ 1,725,000 $ 132,692 $ 81,000
Pinal, Arizona 12 $ 2,320,000 $ 193,333 $ 95,000
McKenzie, North Dakota 12 $ 3,200,000 $ 266,666 $ 142,000
Wells, North Dakota 11 $ 1,745,000 $ 158,636 $ 99,000
Beltrami, Minnesota 10 $ 1,680,000 $ 168,000 $ 124,000
Pennington, Minnesota 10 $ 1,680,000 $ 168,000 $ 106,000
Sherburne, Minnesota 10 $ 2,330,000 $ 233,000 $ 220,000
Benson, North Dakota 10 $ 1,860,000 $ 186,000 $ 94,000
Mountrail, North Dakota 10 $ 1,850,000 $ 185,000 $ 198,000
Pope, Minnesota 9 $ 2,475,000 $ 275,000 $ 98,000
Eddy, North Dakota 9 $ 995,000 $ 110,555 $ 76,000
Oliver, North Dakota 9 $ 1,145,000 $ 127,222 $ 78,000
Cass, Minnesota 8 $ 2,550,000 $ 318,750 $ 195,000
Ramsey, Minnesota 8 $ 1,340,000 $ 167,500 $ 110,000
Roseau, Minnesota 8 $ 1,810,000 $ 226,250 $ 129,000
Washington, Minnesota 8 $ 2,690,000 $ 336,250 $ 146,000
Wright, Minnesota 8 $ 1,720,000 $ 215,000 $ 130,000
Pembina, North Dakota 8 $ 950,000 $ 118,750 $ 95,000
Stevens, Minnesota 7 $ 2,895,000 $ 413,571 $ 63,000
Todd, Minnesota 7 $ 2,915,000 $ 416,428 $ 111,000
Sargent, North Dakota 7 $ 955,000 $ 136,428 $ 66,000
Crow Wing, Minnesota 6 $ 1,390,000 $ 231,666 $ 104,000
Clark, Nevada 6 $ 1,650,000 $ 275,000 $ 112,000
Adams, North Dakota 6 $ 410,000 $ 68,333 $ 76,000
LaMoure, North Dakota 6 $ 640,000 $ 106,666 $ 123,000
Pierce, North Dakota 6 $ 1,070,000 $ 178,333 $ 96,000
Rolette, North Dakota 6 $ 670,000 $ 111,666 $ 98,000
Dakota, Minnesota 5 $ 1,215,000 $ 243,000 $ 139,000
Kandiyohi, Minnesota 5 $ 1,135,000 $ 227,000 $ 153,000
Marshall, Minnesota 5 $ 835,000 $ 167,000 $ 97,000
Wadena, Minnesota 5 $ 845,000 $ 169,000 $ 130,000
Dunn, North Dakota 5 $ 675,000 $ 135,000 $ 105,000
Griggs, North Dakota 5 $ 525,000 $ 105,000 $ 235,000
Ransom, North Dakota 5 $ 635,000 $ 127,000 $ 61,000
Pennington, South Dakota 5 $ 1,055,000 $ 211,000 $ 81,000
Lake of the Woods, Minnesota 4 $ 2,370,000 $ 592,500 $ 158,000
Olmsted, Minnesota 4 $ 930,000 $ 232,500 $ 147,000
St. Louis, Minnesota 4 $ 1,130,000 $ 282,500 $ 107,000
Gallatin, Montana 4 $ 1,310,000 $ 327,500 $ 174,000
Burke, North Dakota 4 $ 510,000 $ 127,500 $ 96,000
Dickey, North Dakota 4 $ 500,000 $ 125,000 $ 86,000
Logan, North Dakota 4 $ 410,000 $ 102,500 $ 73,000
Lee, Florida 3 $ 1,185,000 $ 395,000 $ 250,000
Scott, Minnesota 3 $ 675,000 $ 225,000 $ 96,000
Cavalier, North Dakota 3 $ 405,000 $ 135,000 $ 56,000
Hettinger, North Dakota 3 $ 205,000 $ 68,333 $ 50,000
Steele, North Dakota 3 $ 355,000 $ 118,333 $ 76,000
Bon Homme, South Dakota 3 $ 305,000 $ 101,666 $ 0
Brookings, South Dakota 3 $ 1,365,000 $ 455,000 $ 79,000
San Diego, California 2 $ 1,780,000 $ 890,000 $ 227,000
Arapahoe, Colorado 2 $ 560,000 $ 280,000 $ 111,000
Mesa, Colorado 2 $ 460,000 $ 230,000 $ 66,000
Weld, Colorado 2 $ 910,000 $ 455,000 $ 118,000
Big Stone, Minnesota 2 $ 420,000 $ 210,000 $ 156,000
McLeod, Minnesota 2 $ 400,000 $ 200,000 $ 73,000
Mille Lacs, Minnesota 2 $ 280,000 $ 140,000 $ 161,000
Norman, Minnesota 2 $ 470,000 $ 235,000 $ 90,000
Traverse, Minnesota 2 $ 170,000 $ 85,000 $ 86,000
Richland, Montana 2 $ 500,000 $ 250,000 $ 94,000
Cass, Nebraska 2 $ 810,000 $ 405,000 $ 359,000
Billings, North Dakota 2 $ 320,000 $ 160,000 $ 141,000
Divide, North Dakota 2 $ 50,000 $ 25,000 $ 287,000
Kidder, North Dakota 2 $ 200,000 $ 100,000 $ 239,000
Towner, North Dakota 2 $ 150,000 $ 75,000 $ 64,000
Lawrence, South Dakota 2 $ 800,000 $ 400,000 $ 422,000
Walworth, South Dakota 2 $ 250,000 $ 125,000 $ 60,000
Clark, Washington 2 $ 850,000 $ 425,000 $ 90,000
St. Croix, Wisconsin 2 $ 540,000 $ 270,000 $ 70,000
Mohave, Arizona 1 $ 175,000 $ 175,000 $ 44,000
Yavapai, Arizona 1 $ 195,000 $ 195,000 $ 1,000
El Dorado, California 1 $ 345,000 $ 345,000 $ 98,000
El Paso, Colorado 1 $ 305,000 $ 305,000 $ 57,000
Bay, Florida 1 $ 165,000 $ 165,000 $ 60,000
Charlotte, Florida 1 $ 255,000 $ 255,000 $ 184,000
Collier, Florida 1 $ 685,000 $ 685,000 $ 0
Lake, Florida 1 $ 465,000 $ 465,000 $ 177,000
Orange, Florida 1 $ 85,000 $ 85,000 $ 0
Osceola, Florida 1 $ 85,000 $ 85,000 $ 62,000
Palm Beach, Florida 1 $ 2,005,000 $ 2,005,000 $ 564,000
Pasco, Florida 1 $ 225,000 $ 225,000 $ 105,000
Sarasota, Florida 1 $ 135,000 $ 135,000 $ 67,000
Gwinnett, Georgia 1 $ 145,000 $ 145,000 $ 66,000
Ada, Idaho 1 $ 265,000 $ 265,000 $ 75,000
Tazewell, Illinois 1 $ 115,000 $ 115,000 $ 67,000
Scott, Iowa 1 $ 215,000 $ 215,000 $ 79,000
Butler, Kansas 1 $ 55,000 $ 55,000 $ 49,000
Bullitt, Kentucky 1 $ 75,000 $ 75,000 $ 55,000
Aitkin, Minnesota 1 $ 185,000 $ 185,000 $ 50,000
Brown, Minnesota 1 $ 135,000 $ 135,000 $ 56,000
Carlton, Minnesota 1 $ 275,000 $ 275,000 $ 125,000
Carver, Minnesota 1 $ 375,000 $ 375,000 $ 0
Isanti, Minnesota 1 $ 175,000 $ 175,000 $ 84,000
Itasca, Minnesota 1 $ 185,000 $ 185,000 $ 109,000
Kittson, Minnesota 1 $ 195,000 $ 195,000 $ 89,000
Lac qui Parle, Minnesota 1 $ 165,000 $ 165,000 $ 52,000
Mahnomen, Minnesota 1 $ 175,000 $ 175,000 $ 110,000
Nicollet, Minnesota 1 $ 375,000 $ 375,000 $ 375,000
Swift, Minnesota 1 $ 55,000 $ 55,000 $ 33,000
Carbon, Montana 1 $ 205,000 $ 205,000 $ 80,000
Flathead, Montana 1 $ 225,000 $ 225,000 $ 0
Lewis and Clark, Montana 1 $ 265,000 $ 265,000 $ 296,000
Sarpy, Nebraska 1 $ 205,000 $ 205,000 $ 74,000
Union, New Jersey 1 $ 135,000 $ 135,000 $ 134,000
Eddy, New Mexico 1 $ 135,000 $ 135,000 $ 0
Santa Fe, New Mexico 1 $ 305,000 $ 305,000 $ 127,000
Beaufort, North Carolina 1 $ 105,000 $ 105,000 $ 46,000
Chatham, North Carolina 1 $ 345,000 $ 345,000 $ 162,000
Forsyth, North Carolina 1 $ 125,000 $ 125,000 $ 41,000
Bowman, North Dakota 1 $ 175,000 $ 175,000 $ 62,000
Golden Valley, North Dakota 1 $ 65,000 $ 65,000 $ 108,000
Slope, North Dakota 1 $ 145,000 $ 145,000 $ 64,000
Union, Ohio 1 $ 285,000 $ 285,000 $ 115,000
Polk, Oregon 1 $ 175,000 $ 175,000 $ 81,000
Beaufort, South Carolina 1 $ 135,000 $ 135,000 $ 130,000
Brown, South Dakota 1 $ 255,000 $ 255,000 $ 140,000
Codington, South Dakota 1 $ 235,000 $ 235,000 $ 110,000
Meade, South Dakota 1 $ 175,000 $ 175,000 $ 108,000
Hamilton, Tennessee 1 $ 345,000 $ 345,000 $ 92,000
Sevier, Tennessee 1 $ 555,000 $ 555,000 $ 0
Denton, Texas 1 $ 805,000 $ 805,000 $ 312,000
Parker, Texas 1 $ 395,000 $ 395,000 $ 148,000
Williamson, Texas 1 $ 445,000 $ 445,000 $ 210,000
Salt Lake, Utah 1 $ 335,000 $ 335,000 $ 285,000
Caledonia, Vermont 1 $ 255,000 $ 255,000 $ 116,000
King, Washington 1 $ 55,000 $ 55,000 $ 58,000
Snohomish, Washington 1 $ 355,000 $ 355,000 $ 93,000
Barron, Wisconsin 1 $ 205,000 $ 205,000 $ 211,000
Calumet, Wisconsin 1 $ 105,000 $ 105,000 $ 81,000
Dane, Wisconsin 1 $ 255,000 $ 255,000 $ 53,000
Lincoln, Wisconsin 1 $ 105,000 $ 105,000 $ 39,000
Manitowoc, Wisconsin 1 $ 305,000 $ 305,000 $ 135,000
Polk, Wisconsin 1 $ 305,000 $ 305,000 $ 78,000
Winnebago, Wisconsin 1 $ 265,000 $ 265,000 $ 110,000

Mortgage Loan Application Detail Totals for Gate City Bank in 2020

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 3,327 $761,105,000 $228,000 $2,005,000 $94,000 $3,189,000
Refinancing 2,800 $612,480,000 $218,000 $2,205,000 $120,000 $1,612,000
Cash-out Refinancing 1,405 $322,325,000 $229,000 $1,505,000 $122,000 $4,683,000
Home Improvement 496 $25,030,000 $50,000 $475,000 $120,000 $592,000
Other Purpose 431 $31,715,000 $73,000 $705,000 $122,000 $758,000
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 7,140 $1,476,360,000 $206,000 $2,005,000 $110,000 $4,683,000
Not Provided 735 $148,355,000 $201,000 $1,715,000 $115,000 $768,000
Not applicable 277 $67,615,000 $244,000 $2,205,000 $0 $0
Hispanic 111 $20,495,000 $184,000 $355,000 $84,000 $305,000
American Indian or Alaskan Native 75 $14,925,000 $199,000 $535,000 $101,000 $285,000
Black or African American 75 $14,815,000 $197,000 $495,000 $85,000 $800,000
Asian 39 $9,305,000 $238,000 $805,000 $100,000 $324,000
Native Hawaiian or Other Pacific Islander 2 $210,000 $105,000 $165,000 $42,000 $43,000

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) 7,555 $1,566,975,000 $207,000 $2,205,000 $115,000 $4,683,000
FHA-insured (Federal Housing Administration) 533 $99,445,000 $186,000 $335,000 $63,000 $360,000
VA-guaranteed (Veterans Administration) 282 $72,780,000 $258,000 $765,000 $95,000 $360,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 89 $13,455,000 $151,000 $345,000 $48,000 $107,000

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 6,479 $1,350,645,000 $208,000 $2,205,000 $115,000 $4,683,000
Application Withdrawn By Applicant 966 $214,410,000 $221,000 $1,745,000 $115,000 $1,612,000
Preapproval Denied by Financial Institution 605 $118,455,000 $195,000 $815,000 $59,000 $643,000
Application Denied By Financial Institution 309 $50,765,000 $164,000 $785,000 $84,000 $757,000
Application Approved But Not Accepted 66 $13,390,000 $202,000 $605,000 $123,000 $329,000
File Closed For Incompleteness 34 $4,990,000 $146,000 $505,000 $143,000 $1,410,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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 7,545 $1,583,435,000 $209,000 $2,205,000 $115,000 $4,683,000
Debt-To-Income Ratio 458 $90,200,000 $196,000 $815,000 $58,000 $598,000
Credit History 366 $63,840,000 $174,000 $745,000 $71,000 $643,000
Collateral 44 $7,440,000 $169,000 $555,000 $115,000 $757,000
Employment History 25 $4,635,000 $185,000 $485,000 $52,000 $187,000
Other 13 $2,025,000 $155,000 $485,000 $108,000 $244,000
Credit Application Incomplete 7 $785,000 $112,000 $205,000 $138,000 $220,000
Unverifiable Information 1 $295,000 $295,000 $295,000 $137,000 $137,000
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 Gate City Bank's 2020 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 Gate City 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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