Gate City Bank Mortgage Lending & HMDA Data, 2022

In 2022, Gate City Bank of Fargo, ND reported 5,546 mortgage applications totaling $1.2 billion, down 31% from 2021. The average application was for $219,120, and applicants reported an average income of $117,223. 68% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Fargo, ND-MN (1,579), Bismarck, ND (852) and Grand Forks, ND-MN (451) (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 5,546
Total Mortgage Loan Application Amount $1,215,240,000
Average Mortgage Loan Application Amount $219,120
Highest Mortgage Loan Application Amount $26,005,000
Average Applicant Income $117,223
Highest Applicant Income $1,800,000

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Act (HMDA) records Gate City Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

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 1,244 $ 296,480,000 $ 238,327 $ 134,000
Burleigh, North Dakota 677 $ 147,905,000 $ 218,471 $ 132,000
Grand Forks, North Dakota 380 $ 92,090,000 $ 242,342 $ 124,000
Clay, Minnesota 335 $ 57,815,000 $ 172,582 $ 118,000
Ward, North Dakota 314 $ 64,270,000 $ 204,681 $ 113,000
Otter Tail, Minnesota 196 $ 40,820,000 $ 208,265 $ 154,000
Morton, North Dakota 173 $ 35,755,000 $ 206,676 $ 113,000
Williams, North Dakota 172 $ 38,650,000 $ 224,709 $ 122,000
Stark, North Dakota 97 $ 17,725,000 $ 182,731 $ 122,000
Stutsman, North Dakota 88 $ 11,390,000 $ 129,431 $ 103,000
Richland, North Dakota 79 $ 12,215,000 $ 154,620 $ 103,000
Douglas, Minnesota 73 $ 15,025,000 $ 205,821 $ 108,000
Polk, Minnesota 71 $ 13,255,000 $ 186,690 $ 118,000
Becker, Minnesota 59 $ 18,755,000 $ 317,881 $ 180,000
Ramsey, North Dakota 56 $ 8,790,000 $ 156,964 $ 81,000
Stearns, Minnesota 33 $ 6,415,000 $ 194,393 $ 145,000
Walsh, North Dakota 27 $ 2,785,000 $ 103,148 $ 80,000
Wilkin, Minnesota 26 $ 3,820,000 $ 146,923 $ 94,000
McLean, North Dakota 26 $ 4,910,000 $ 188,846 $ 117,000
Foster, North Dakota 23 $ 1,865,000 $ 81,086 $ 77,000
Maricopa, Arizona 19 $ 6,705,000 $ 352,894 $ 188,000
Traill, North Dakota 18 $ 2,770,000 $ 153,888 $ 108,000
Benton, Minnesota 17 $ 1,945,000 $ 114,411 $ 105,000
Hennepin, Minnesota 17 $ 6,505,000 $ 382,647 $ 152,000
Barnes, North Dakota 16 $ 3,420,000 $ 213,750 $ 83,000
McHenry, North Dakota 16 $ 2,370,000 $ 148,125 $ 88,000
Mercer, North Dakota 16 $ 4,220,000 $ 263,750 $ 151,000
Hubbard, Minnesota 14 $ 4,080,000 $ 291,428 $ 182,000
Bottineau, North Dakota 14 $ 3,230,000 $ 230,714 $ 100,000
Norman, Minnesota 12 $ 1,380,000 $ 115,000 $ 80,000
Wells, North Dakota 11 $ 2,135,000 $ 194,090 $ 77,000
Grant, Minnesota 9 $ 925,000 $ 102,777 $ 99,000
Pennington, Minnesota 9 $ 4,115,000 $ 457,222 $ 107,000
Pope, Minnesota 9 $ 1,685,000 $ 187,222 $ 115,000
Mountrail, North Dakota 9 $ 2,145,000 $ 238,333 $ 87,000
Marshall, Minnesota 8 $ 1,060,000 $ 132,500 $ 131,000
Wright, Minnesota 8 $ 2,400,000 $ 300,000 $ 145,000
Renville, North Dakota 8 $ 1,080,000 $ 135,000 $ 95,000
Sherburne, Minnesota 7 $ 1,855,000 $ 265,000 $ 282,000
McKenzie, North Dakota 7 $ 1,285,000 $ 183,571 $ 166,000
Nelson, North Dakota 7 $ 1,685,000 $ 240,714 $ 114,000
Pembina, North Dakota 7 $ 1,195,000 $ 170,714 $ 67,000
Pinal, Arizona 6 $ 1,720,000 $ 286,666 $ 220,000
Beltrami, Minnesota 6 $ 1,830,000 $ 305,000 $ 105,000
Rolette, North Dakota 6 $ 630,000 $ 105,000 $ 139,000
Lee, Florida 5 $ 1,675,000 $ 335,000 $ 239,000
Ramsey, Minnesota 5 $ 1,155,000 $ 231,000 $ 108,000
St. Louis, Minnesota 5 $ 955,000 $ 191,000 $ 67,000
Benson, North Dakota 5 $ 805,000 $ 161,000 $ 66,000
Steele, North Dakota 5 $ 715,000 $ 143,000 $ 86,000
Dakota, Minnesota 4 $ 1,390,000 $ 347,500 $ 167,000
Mahnomen, Minnesota 4 $ 580,000 $ 145,000 $ 99,000
Stevens, Minnesota 4 $ 870,000 $ 217,500 $ 79,000
Wadena, Minnesota 4 $ 330,000 $ 82,500 $ 83,000
Eddy, North Dakota 4 $ 500,000 $ 125,000 $ 83,000
Sargent, North Dakota 4 $ 530,000 $ 132,500 $ 82,000
Blue Earth, Minnesota 3 $ 855,000 $ 285,000 $ 170,000
Kandiyohi, Minnesota 3 $ 525,000 $ 175,000 $ 93,000
Renville, Minnesota 3 $ 765,000 $ 255,000 $ 84,000
Roseau, Minnesota 3 $ 715,000 $ 238,333 $ 247,000
Todd, Minnesota 3 $ 145,000 $ 48,333 $ 120,000
Washington, Minnesota 3 $ 2,315,000 $ 771,666 $ 369,000
Franklin, Missouri 3 $ 725,000 $ 241,666 $ 56,000
Roosevelt, Montana 3 $ 585,000 $ 195,000 $ 61,000
Adams, North Dakota 3 $ 325,000 $ 108,333 $ 102,000
Cavalier, North Dakota 3 $ 285,000 $ 95,000 $ 61,000
Griggs, North Dakota 3 $ 305,000 $ 101,666 $ 82,000
Kidder, North Dakota 3 $ 565,000 $ 188,333 $ 91,000
Pierce, North Dakota 3 $ 505,000 $ 168,333 $ 78,000
Ransom, North Dakota 3 $ 215,000 $ 71,666 $ 108,000
Lawrence, South Dakota 3 $ 1,195,000 $ 398,333 $ 289,000
Pima, Arizona 2 $ 420,000 $ 210,000 $ 121,000
El Paso, Colorado 2 $ 390,000 $ 195,000 $ 52,000
Charlotte, Florida 2 $ 320,000 $ 160,000 $ 208,000
Collier, Florida 2 $ 1,220,000 $ 610,000 $ 305,000
Hendry, Florida 2 $ 600,000 $ 300,000 $ 140,000
Canyon, Idaho 2 $ 600,000 $ 300,000 $ 62,000
Big Stone, Minnesota 2 $ 240,000 $ 120,000 $ 108,000
Carver, Minnesota 2 $ 460,000 $ 230,000 $ 142,000
Cass, Minnesota 2 $ 390,000 $ 195,000 $ 137,000
Clearwater, Minnesota 2 $ 250,000 $ 125,000 $ 107,000
Crow Wing, Minnesota 2 $ 530,000 $ 265,000 $ 69,000
Goodhue, Minnesota 2 $ 390,000 $ 195,000 $ 66,000
Koochiching, Minnesota 2 $ 330,000 $ 165,000 $ 89,000
Meeker, Minnesota 2 $ 130,000 $ 65,000 $ 90,000
Mille Lacs, Minnesota 2 $ 260,000 $ 130,000 $ 83,000
Morrison, Minnesota 2 $ 540,000 $ 270,000 $ 116,000
Olmsted, Minnesota 2 $ 570,000 $ 285,000 $ 206,000
Scott, Minnesota 2 $ 840,000 $ 420,000 $ 137,000
St. Louis, Missouri 2 $ 1,160,000 $ 580,000 $ 177,000
Richland, Montana 2 $ 180,000 $ 90,000 $ 121,000
Douglas, Nebraska 2 $ 250,000 $ 125,000 $ 69,000
Dickey, North Dakota 2 $ 360,000 $ 180,000 $ 91,000
Dunn, North Dakota 2 $ 480,000 $ 240,000 $ 126,000
Grant, North Dakota 2 $ 560,000 $ 280,000 $ 566,000
LaMoure, North Dakota 2 $ 210,000 $ 105,000 $ 123,000
Oliver, North Dakota 2 $ 280,000 $ 140,000 $ 82,000
Campbell, South Dakota 2 $ 210,000 $ 105,000 $ 130,000
Milwaukee, Wisconsin 2 $ 830,000 $ 415,000 $ 157,000
Baldwin, Alabama 1 $ 585,000 $ 585,000 $ 228,000
Placer, California 1 $ 705,000 $ 705,000 $ 283,000
Adams, Colorado 1 $ 485,000 $ 485,000 $ 158,000
Boulder, Colorado 1 $ 1,425,000 $ 1,425,000 $ 594,000
Larimer, Colorado 1 $ 385,000 $ 385,000 $ 176,000
Brevard, Florida 1 $ 395,000 $ 395,000 $ 128,000
Columbia, Florida 1 $ 355,000 $ 355,000 $ 215,000
Hillsborough, Florida 1 $ 405,000 $ 405,000 $ 384,000
Manatee, Florida 1 $ 125,000 $ 125,000 $ 162,000
Seminole, Florida 1 $ 55,000 $ 55,000 $ 47,000
Sumter, Florida 1 $ 285,000 $ 285,000 $ 73,000
Coweta, Georgia 1 $ 465,000 $ 465,000 $ 204,000
Gwinnett, Georgia 1 $ 505,000 $ 505,000 $ 235,000
Oglethorpe, Georgia 1 $ 195,000 $ 195,000 $ 58,000
Ada, Idaho 1 $ 335,000 $ 335,000 $ 100,000
Fremont, Idaho 1 $ 425,000 $ 425,000 $ 0
Cook, Illinois 1 $ 285,000 $ 285,000 $ 250,000
Hamilton, Indiana 1 $ 345,000 $ 345,000 $ 0
Jefferson, Iowa 1 $ 255,000 $ 255,000 $ 144,000
Mahaska, Iowa 1 $ 325,000 $ 325,000 $ 161,000
Jackson, Kansas 1 $ 45,000 $ 45,000 $ 22,000
Riley, Kansas 1 $ 305,000 $ 305,000 $ 132,000
Aroostook, Maine 1 $ 195,000 $ 195,000 $ 60,000
Montmorency, Michigan 1 $ 365,000 $ 365,000 $ 156,000
Anoka, Minnesota 1 $ 435,000 $ 435,000 $ 140,000
Chippewa, Minnesota 1 $ 85,000 $ 85,000 $ 69,000
Chisago, Minnesota 1 $ 65,000 $ 65,000 $ 105,000
Faribault, Minnesota 1 $ 85,000 $ 85,000 $ 0
Freeborn, Minnesota 1 $ 115,000 $ 115,000 $ 52,000
Isanti, Minnesota 1 $ 105,000 $ 105,000 $ 67,000
Itasca, Minnesota 1 $ 175,000 $ 175,000 $ 63,000
Kittson, Minnesota 1 $ 125,000 $ 125,000 $ 40,000
Lake of the Woods, Minnesota 1 $ 125,000 $ 125,000 $ 0
Nicollet, Minnesota 1 $ 275,000 $ 275,000 $ 155,000
Steele, Minnesota 1 $ 255,000 $ 255,000 $ 171,000
Traverse, Minnesota 1 $ 85,000 $ 85,000 $ 54,000
Winona, Minnesota 1 $ 155,000 $ 155,000 $ 140,000
Jackson, Missouri 1 $ 445,000 $ 445,000 $ 115,000
Ripley, Missouri 1 $ 395,000 $ 395,000 $ 133,000
Carbon, Montana 1 $ 105,000 $ 105,000 $ 102,000
Gallatin, Montana 1 $ 205,000 $ 205,000 $ 188,000
Lewis and Clark, Montana 1 $ 475,000 $ 475,000 $ 252,000
Wibaux, Montana 1 $ 65,000 $ 65,000 $ 108,000
Clark, Nevada 1 $ 485,000 $ 485,000 $ 120,000
Bernalillo, New Mexico 1 $ 225,000 $ 225,000 $ 40,000
Eddy, New Mexico 1 $ 175,000 $ 175,000 $ 0
Burke, North Carolina 1 $ 275,000 $ 275,000 $ 168,000
Pender, North Carolina 1 $ 425,000 $ 425,000 $ 0
Billings, North Dakota 1 $ 305,000 $ 305,000 $ 0
Bowman, North Dakota 1 $ 95,000 $ 95,000 $ 44,000
Burke, North Dakota 1 $ 165,000 $ 165,000 $ 105,000
Hettinger, North Dakota 1 $ 45,000 $ 45,000 $ 97,000
Logan, North Dakota 1 $ 45,000 $ 45,000 $ 52,000
Sheridan, North Dakota 1 $ 95,000 $ 95,000 $ 0
Towner, North Dakota 1 $ 175,000 $ 175,000 $ 0
McCurtain, Oklahoma 1 $ 695,000 $ 695,000 $ 675,000
Multnomah, Oregon 1 $ 335,000 $ 335,000 $ 134,000
Berkeley, South Carolina 1 $ 405,000 $ 405,000 $ 0
Brookings, South Dakota 1 $ 425,000 $ 425,000 $ 134,000
Brown, South Dakota 1 $ 345,000 $ 345,000 $ 67,000
Lincoln, South Dakota 1 $ 245,000 $ 245,000 $ 0
Meade, South Dakota 1 $ 555,000 $ 555,000 $ 195,000
Perkins, South Dakota 1 $ 125,000 $ 125,000 $ 67,000
Walworth, South Dakota 1 $ 95,000 $ 95,000 $ 258,000
Maury, Tennessee 1 $ 385,000 $ 385,000 $ 103,000
Shelby, Tennessee 1 $ 165,000 $ 165,000 $ 119,000
Denton, Texas 1 $ 755,000 $ 755,000 $ 305,000
Ellis, Texas 1 $ 505,000 $ 505,000 $ 132,000
Harris, Texas 1 $ 255,000 $ 255,000 $ 63,000
McLennan, Texas 1 $ 175,000 $ 175,000 $ 96,000
Iron, Utah 1 $ 85,000 $ 85,000 $ 184,000
Ozaukee, Wisconsin 1 $ 25,000 $ 25,000 $ 150,000
Natrona, Wyoming 1 $ 225,000 $ 225,000 $ 0

Mortgage Loan Application Detail Totals for Gate City Bank in 2022

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 3,279 $922,085,000 $281,000 $26,005,000 $110,000 $1,800,000
Home Improvement 714 $41,560,000 $58,000 $325,000 $127,000 $520,000
Refinancing 708 $116,940,000 $165,000 $1,805,000 $128,000 $1,068,000
Other Purpose 512 $49,140,000 $95,000 $805,000 $139,000 $779,000
Cash-out Refinancing 333 $85,515,000 $256,000 $1,325,000 $111,000 $757,000
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 4,555 $938,705,000 $206,000 $2,355,000 $117,000 $1,800,000
Not Provided 436 $94,490,000 $216,000 $1,985,000 $141,000 $1,068,000
Not applicable 241 $107,415,000 $445,000 $26,005,000 $103,000 $103,000
Hispanic 92 $18,140,000 $197,000 $485,000 $79,000 $288,000
American Indian or Alaskan Native 78 $17,380,000 $222,000 $705,000 $89,000 $256,000
Black or African American 66 $17,770,000 $269,000 $735,000 $86,000 $368,000
Asian 64 $18,090,000 $282,000 $755,000 $102,000 $323,000
Native Hawaiian or Other Pacific Islander 2 $430,000 $215,000 $235,000 $55,000 $73,000

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) 4,894 $1,074,760,000 $219,000 $26,005,000 $124,000 $1,800,000
FHA-insured (Federal Housing Administration) 411 $82,885,000 $201,000 $435,000 $62,000 $200,000
VA-guaranteed (Veterans Administration) 163 $44,655,000 $273,000 $605,000 $93,000 $289,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 78 $12,940,000 $165,000 $435,000 $56,000 $155,000

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 3,752 $824,980,000 $219,000 $26,005,000 $131,000 $1,539,000
Preapproval Denied by Financial Institution 891 $207,175,000 $232,000 $1,805,000 $73,000 $1,800,000
Application Withdrawn By Applicant 484 $113,710,000 $234,000 $3,205,000 $121,000 $777,000
Application Denied By Financial Institution 307 $53,685,000 $174,000 $2,445,000 $84,000 $520,000
Application Approved But Not Accepted 67 $7,425,000 $110,000 $435,000 $111,000 $544,000
File Closed For Incompleteness 45 $8,265,000 $183,000 $905,000 $124,000 $288,000
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 4,348 $954,380,000 $219,000 $26,005,000 $129,000 $1,539,000
Debt-To-Income Ratio 524 $118,050,000 $225,000 $2,445,000 $56,000 $885,000
Credit Application Incomplete 279 $68,615,000 $245,000 $1,805,000 $104,000 $1,800,000
Credit History 253 $47,835,000 $189,000 $655,000 $74,000 $300,000
Collateral 65 $8,305,000 $127,000 $805,000 $124,000 $520,000
Employment History 53 $11,615,000 $219,000 $435,000 $51,000 $158,000
Other 18 $5,000,000 $277,000 $1,205,000 $98,000 $369,000
Insufficient Cash (Downpayment, Closing Cost) 6 $1,440,000 $240,000 $305,000 $99,000 $155,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Gate City Bank's 2022 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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