Gate City Bank Mortgage Lending & HMDA Data, 2024

In 2024, Gate City Bank of Fargo, ND reported 4,682 mortgage applications totaling $865.8 million, up 3% from 2023. The average application was for $184,925, and applicants reported an average income of $129,540. 65% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Fargo, ND-MN (1,285), Bismarck, ND (727) and Grand Forks, ND-MN (384) (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 4,682
Total Mortgage Loan Application Amount $865,820,000
Average Mortgage Loan Application Amount $184,925
Highest Mortgage Loan Application Amount $1,825,000
Average Applicant Income $129,540
Highest Applicant Income $3,600,000

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Act (HMDA) records Gate City Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024

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 982 $ 177,500,000 $ 180,753 $ 152,000
Burleigh, North Dakota 544 $ 109,690,000 $ 201,636 $ 148,000
Grand Forks, North Dakota 320 $ 44,370,000 $ 138,656 $ 132,000
Clay, Minnesota 303 $ 42,625,000 $ 140,676 $ 117,000
Ward, North Dakota 299 $ 47,725,000 $ 159,615 $ 120,000
Williams, North Dakota 205 $ 40,775,000 $ 198,902 $ 153,000
Morton, North Dakota 182 $ 27,890,000 $ 153,241 $ 134,000
Otter Tail, Minnesota 144 $ 32,090,000 $ 222,847 $ 151,000
Stutsman, North Dakota 116 $ 16,150,000 $ 139,224 $ 97,000
Stark, North Dakota 97 $ 19,875,000 $ 204,896 $ 132,000
Richland, North Dakota 70 $ 8,310,000 $ 118,714 $ 118,000
Becker, Minnesota 68 $ 19,980,000 $ 293,823 $ 184,000
Polk, Minnesota 64 $ 8,030,000 $ 125,468 $ 120,000
Douglas, Minnesota 51 $ 7,515,000 $ 147,352 $ 115,000
Ramsey, North Dakota 48 $ 5,520,000 $ 115,000 $ 106,000
Stearns, Minnesota 35 $ 7,945,000 $ 227,000 $ 143,000
Wilkin, Minnesota 24 $ 1,820,000 $ 75,833 $ 87,000
Hennepin, Minnesota 23 $ 6,035,000 $ 262,391 $ 173,000
McLean, North Dakota 21 $ 3,335,000 $ 158,809 $ 96,000
Foster, North Dakota 19 $ 2,325,000 $ 122,368 $ 97,000
Traill, North Dakota 18 $ 1,820,000 $ 101,111 $ 100,000
Benton, Minnesota 16 $ 2,410,000 $ 150,625 $ 116,000
Crow Wing, Minnesota 13 $ 2,835,000 $ 218,076 $ 240,000
Bottineau, North Dakota 12 $ 1,860,000 $ 155,000 $ 167,000
Mercer, North Dakota 11 $ 2,145,000 $ 195,000 $ 132,000
Mountrail, North Dakota 11 $ 2,585,000 $ 235,000 $ 178,000
Anoka, Minnesota 10 $ 2,230,000 $ 223,000 $ 153,000
Sherburne, Minnesota 10 $ 1,650,000 $ 165,000 $ 144,000
Walsh, North Dakota 10 $ 740,000 $ 74,000 $ 90,000
Maricopa, Arizona 9 $ 3,675,000 $ 408,333 $ 179,000
McHenry, North Dakota 9 $ 1,165,000 $ 129,444 $ 80,000
Hubbard, Minnesota 8 $ 3,190,000 $ 398,750 $ 340,000
Todd, Minnesota 8 $ 1,480,000 $ 185,000 $ 126,000
Wright, Minnesota 8 $ 1,790,000 $ 223,750 $ 143,000
Adams, North Dakota 8 $ 620,000 $ 77,500 $ 59,000
Barnes, North Dakota 8 $ 1,240,000 $ 155,000 $ 89,000
Norman, Minnesota 7 $ 1,325,000 $ 189,285 $ 89,000
Roseau, Minnesota 7 $ 1,215,000 $ 173,571 $ 75,000
Hettinger, North Dakota 7 $ 605,000 $ 86,428 $ 96,000
McKenzie, North Dakota 7 $ 3,995,000 $ 570,714 $ 136,000
Beltrami, Minnesota 6 $ 1,710,000 $ 285,000 $ 166,000
Grant, Minnesota 5 $ 525,000 $ 105,000 $ 94,000
Pennington, Minnesota 5 $ 475,000 $ 95,000 $ 94,000
Washington, Minnesota 5 $ 865,000 $ 173,000 $ 262,000
Cass, Minnesota 4 $ 750,000 $ 187,500 $ 149,000
Marshall, Minnesota 4 $ 220,000 $ 55,000 $ 113,000
Mille Lacs, Minnesota 4 $ 550,000 $ 137,500 $ 88,000
Traverse, Minnesota 4 $ 670,000 $ 167,500 $ 145,000
Burke, North Dakota 4 $ 400,000 $ 100,000 $ 79,000
Eddy, North Dakota 4 $ 160,000 $ 40,000 $ 96,000
Nelson, North Dakota 4 $ 210,000 $ 52,500 $ 68,000
Pembina, North Dakota 4 $ 560,000 $ 140,000 $ 99,000
Ransom, North Dakota 4 $ 360,000 $ 90,000 $ 120,000
Renville, North Dakota 4 $ 420,000 $ 105,000 $ 97,000
Wells, North Dakota 4 $ 580,000 $ 145,000 $ 93,000
St. Croix, Wisconsin 4 $ 930,000 $ 232,500 $ 148,000
Pinal, Arizona 3 $ 755,000 $ 251,666 $ 213,000
Lee, Florida 3 $ 775,000 $ 258,333 $ 216,000
Dakota, Minnesota 3 $ 435,000 $ 145,000 $ 139,000
Mahnomen, Minnesota 3 $ 425,000 $ 141,666 $ 112,000
Morrison, Minnesota 3 $ 685,000 $ 228,333 $ 115,000
Pope, Minnesota 3 $ 705,000 $ 235,000 $ 175,000
Ramsey, Minnesota 3 $ 715,000 $ 238,333 $ 102,000
Stevens, Minnesota 3 $ 485,000 $ 161,666 $ 154,000
Wadena, Minnesota 3 $ 355,000 $ 118,333 $ 113,000
Richland, Montana 3 $ 785,000 $ 261,666 $ 109,000
Cavalier, North Dakota 3 $ 235,000 $ 78,333 $ 107,000
Dickey, North Dakota 3 $ 195,000 $ 65,000 $ 85,000
Dunn, North Dakota 3 $ 285,000 $ 95,000 $ 203,000
Sargent, North Dakota 3 $ 265,000 $ 88,333 $ 64,000
Steele, North Dakota 3 $ 555,000 $ 185,000 $ 119,000
Douglas, Colorado 2 $ 950,000 $ 475,000 $ 273,000
Carver, Minnesota 2 $ 450,000 $ 225,000 $ 82,000
Clearwater, Minnesota 2 $ 220,000 $ 110,000 $ 156,000
Kanabec, Minnesota 2 $ 640,000 $ 320,000 $ 93,000
Red Lake, Minnesota 2 $ 180,000 $ 90,000 $ 93,000
Humboldt, Nevada 2 $ 600,000 $ 300,000 $ 233,000
Kidder, North Dakota 2 $ 540,000 $ 270,000 $ 102,000
LaMoure, North Dakota 2 $ 370,000 $ 185,000 $ 149,000
Pierce, North Dakota 2 $ 100,000 $ 50,000 $ 42,000
Rolette, North Dakota 2 $ 130,000 $ 65,000 $ 64,000
Sheridan, North Dakota 2 $ 340,000 $ 170,000 $ 80,000
Towner, North Dakota 2 $ 130,000 $ 65,000 $ 114,000
Brown, South Dakota 2 $ 440,000 $ 220,000 $ 213,000
Lawrence, South Dakota 2 $ 950,000 $ 475,000 $ 96,000
Hamilton, Tennessee 2 $ 690,000 $ 345,000 $ 120,000
Cameron, Texas 2 $ 780,000 $ 390,000 $ 0
Snohomish, Washington 2 $ 630,000 $ 315,000 $ 178,000
Yavapai, Arizona 1 $ 245,000 $ 245,000 $ 216,000
Orange, California 1 $ 635,000 $ 635,000 $ 149,000
Solano, California 1 $ 5,000 $ 5,000 $ 24,000
Boulder, Colorado 1 $ 355,000 $ 355,000 $ 594,000
Larimer, Colorado 1 $ 625,000 $ 625,000 $ 203,000
Weld, Colorado 1 $ 665,000 $ 665,000 $ 203,000
Western Connecticut Planning Region, Connecticut 1 $ 255,000 $ 255,000 $ 125,000
Collier, Florida 1 $ 265,000 $ 265,000 $ 407,000
Martin, Florida 1 $ 105,000 $ 105,000 $ 676,000
Sarasota, Florida 1 $ 195,000 $ 195,000 $ 149,000
Sumter, Florida 1 $ 235,000 $ 235,000 $ 127,000
Hawaii, Hawaii 1 $ 225,000 $ 225,000 $ 251,000
Cass, Indiana 1 $ 135,000 $ 135,000 $ 176,000
Miami, Indiana 1 $ 225,000 $ 225,000 $ 176,000
Muscatine, Iowa 1 $ 35,000 $ 35,000 $ 99,000
Story, Iowa 1 $ 375,000 $ 375,000 $ 350,000
Douglas, Kansas 1 $ 415,000 $ 415,000 $ 183,000
Talbot, Maryland 1 $ 515,000 $ 515,000 $ 179,000
Genesee, Michigan 1 $ 695,000 $ 695,000 $ 0
Jackson, Michigan 1 $ 445,000 $ 445,000 $ 117,000
Blue Earth, Minnesota 1 $ 485,000 $ 485,000 $ 155,000
Chisago, Minnesota 1 $ 365,000 $ 365,000 $ 200,000
Cottonwood, Minnesota 1 $ 765,000 $ 765,000 $ 0
Goodhue, Minnesota 1 $ 1,115,000 $ 1,115,000 $ 508,000
Isanti, Minnesota 1 $ 155,000 $ 155,000 $ 75,000
Itasca, Minnesota 1 $ 195,000 $ 195,000 $ 0
Jackson, Minnesota 1 $ 305,000 $ 305,000 $ 122,000
Kittson, Minnesota 1 $ 75,000 $ 75,000 $ 44,000
Koochiching, Minnesota 1 $ 175,000 $ 175,000 $ 85,000
Lake, Minnesota 1 $ 95,000 $ 95,000 $ 70,000
Lyon, Minnesota 1 $ 215,000 $ 215,000 $ 250,000
Meeker, Minnesota 1 $ 405,000 $ 405,000 $ 105,000
Olmsted, Minnesota 1 $ 235,000 $ 235,000 $ 72,000
Scott, Minnesota 1 $ 65,000 $ 65,000 $ 57,000
Swift, Minnesota 1 $ 55,000 $ 55,000 $ 48,000
Newton, Missouri 1 $ 205,000 $ 205,000 $ 114,000
Flathead, Montana 1 $ 335,000 $ 335,000 $ 156,000
Gallatin, Montana 1 $ 85,000 $ 85,000 $ 130,000
Sheridan, Montana 1 $ 85,000 $ 85,000 $ 0
Douglas, Nebraska 1 $ 275,000 $ 275,000 $ 118,000
Scotts Bluff, Nebraska 1 $ 395,000 $ 395,000 $ 145,000
Brunswick, North Carolina 1 $ 245,000 $ 245,000 $ 104,000
Cleveland, North Carolina 1 $ 145,000 $ 145,000 $ 83,000
Forsyth, North Carolina 1 $ 405,000 $ 405,000 $ 180,000
Pitt, North Carolina 1 $ 235,000 $ 235,000 $ 106,000
Wake, North Carolina 1 $ 125,000 $ 125,000 $ 91,000
Benson, North Dakota 1 $ 165,000 $ 165,000 $ 102,000
Bowman, North Dakota 1 $ 215,000 $ 215,000 $ 70,000
Divide, North Dakota 1 $ 285,000 $ 285,000 $ 223,000
Emmons, North Dakota 1 $ 55,000 $ 55,000 $ 0
Golden Valley, North Dakota 1 $ 95,000 $ 95,000 $ 72,000
Grant, North Dakota 1 $ 55,000 $ 55,000 $ 76,000
Logan, North Dakota 1 $ 205,000 $ 205,000 $ 54,000
McIntosh, North Dakota 1 $ 45,000 $ 45,000 $ 14,000
Oliver, North Dakota 1 $ 35,000 $ 35,000 $ 35,000
Cuyahoga, Ohio 1 $ 65,000 $ 65,000 $ 53,000
Portage, Ohio 1 $ 295,000 $ 295,000 $ 189,000
Muskogee, Oklahoma 1 $ 175,000 $ 175,000 $ 94,000
Kent, Rhode Island 1 $ 245,000 $ 245,000 $ 207,000
Beaufort, South Carolina 1 $ 385,000 $ 385,000 $ 326,000
Clay, South Dakota 1 $ 435,000 $ 435,000 $ 253,000
Deuel, South Dakota 1 $ 205,000 $ 205,000 $ 62,000
McCook, South Dakota 1 $ 395,000 $ 395,000 $ 147,000
Pennington, South Dakota 1 $ 205,000 $ 205,000 $ 112,000
Roberts, South Dakota 1 $ 295,000 $ 295,000 $ 274,000
Walworth, South Dakota 1 $ 165,000 $ 165,000 $ 114,000
Sumner, Tennessee 1 $ 415,000 $ 415,000 $ 191,000
Guadalupe, Texas 1 $ 195,000 $ 195,000 $ 176,000
Harris, Texas 1 $ 275,000 $ 275,000 $ 54,000
San Patricio, Texas 1 $ 125,000 $ 125,000 $ 82,000
Clark, Washington 1 $ 125,000 $ 125,000 $ 1,500,000
Lewis, Washington 1 $ 75,000 $ 75,000 $ 32,000
Dane, Wisconsin 1 $ 885,000 $ 885,000 $ 650,000
Eau Claire, Wisconsin 1 $ 235,000 $ 235,000 $ 129,000
Monroe, Wisconsin 1 $ 325,000 $ 325,000 $ 0
Johnson, Wyoming 1 $ 55,000 $ 55,000 $ 106,000
Natrona, Wyoming 1 $ 375,000 $ 375,000 $ 0

Mortgage Loan Application Detail Totals for Gate City Bank in 2024

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 2,363 $638,675,000 $270,000 $1,825,000 $119,000 $1,347,000
Home Improvement 1,029 $66,585,000 $64,000 $765,000 $141,000 $1,500,000
Other Purpose 686 $50,870,000 $74,000 $755,000 $124,000 $595,000
Refinancing 520 $85,850,000 $165,000 $1,605,000 $162,000 $3,600,000
Cash-out Refinancing 84 $23,840,000 $283,000 $1,115,000 $130,000 $610,000
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 3,895 $703,855,000 $180,000 $1,825,000 $130,000 $3,600,000
Not Provided 322 $54,120,000 $168,000 $685,000 $142,000 $854,000
Not applicable 142 $39,680,000 $279,000 $1,685,000 $0 $0
Hispanic 123 $20,615,000 $167,000 $1,155,000 $106,000 $562,000
Black or African American 74 $15,930,000 $215,000 $775,000 $100,000 $493,000
American Indian or Alaskan Native 63 $12,245,000 $194,000 $605,000 $85,000 $237,000
Asian 59 $18,525,000 $313,000 $1,405,000 $161,000 $1,500,000
Native Hawaiian or Other Pacific Islander 4 $850,000 $212,000 $405,000 $139,000 $270,000

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) 4,050 $710,310,000 $175,000 $1,825,000 $137,000 $3,600,000
FHA-insured (Federal Housing Administration) 487 $113,505,000 $233,000 $505,000 $79,000 $261,000
VA-guaranteed (Veterans Administration) 119 $36,835,000 $309,000 $765,000 $104,000 $414,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 26 $5,170,000 $198,000 $325,000 $71,000 $113,000

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 3,056 $562,340,000 $184,000 $1,605,000 $143,000 $2,514,000
Preapproval Denied by Financial Institution 634 $149,910,000 $236,000 $1,155,000 $75,000 $787,000
Application Denied By Financial Institution 480 $53,980,000 $112,000 $1,825,000 $105,000 $1,500,000
Application Withdrawn By Applicant 366 $79,270,000 $216,000 $1,405,000 $127,000 $650,000
File Closed For Incompleteness 83 $12,655,000 $152,000 $1,115,000 $184,000 $3,600,000
Application Approved But Not Accepted 63 $7,665,000 $121,000 $505,000 $156,000 $563,000
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 3,568 $661,930,000 $185,000 $1,605,000 $143,000 $3,600,000
Debt-To-Income Ratio 485 $96,415,000 $198,000 $1,685,000 $67,000 $493,000
Credit History 294 $37,540,000 $127,000 $575,000 $92,000 $1,020,000
Credit Application Incomplete 207 $53,465,000 $258,000 $1,155,000 $107,000 $562,000
Collateral 85 $8,585,000 $101,000 $635,000 $129,000 $407,000
Other 22 $2,280,000 $103,000 $585,000 $166,000 $1,500,000
Employment History 16 $3,130,000 $195,000 $385,000 $36,000 $227,000
Insufficient Cash (Downpayment, Closing Cost) 3 $585,000 $195,000 $245,000 $78,000 $97,000
Unverifiable Information 2 $1,890,000 $945,000 $1,825,000 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Gate City Bank's 2024 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.
For a list of all lenders in North Dakota, download the full spreadsheet with aggregated HMDA statistics today.

Download the North Dakota Lender List