Hiawatha Bank & Trust Company Mortgage Lending & HMDA Data, 2016
In 2016, Hiawatha Bank & Trust Company of Hiawatha, IA reported 58 mortgage applications totaling $11.2 million. The average application was for $192,672, and applicants reported an average income of $44,758. 97% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cedar Rapids, IA (54), Iowa City, IA (2) and Des Moines-West Des Moines, IA (1) (applications in parentheses).
| Mortgage Company & Address | Hiawatha Bank & Trust Company 777 N Center Pt Rd Hiawatha, IA 52233 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2008 |
| Total Number of Mortgage Applications | 58 |
| Total Mortgage Loan Application Amount | $11,175,000 |
| Average Mortgage Loan Application Amount | $192,672 |
| Highest Mortgage Loan Application Amount | $1,450,000 |
| Average Applicant Income | $44,758 |
| Highest Applicant Income | $372,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hiawatha Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cedar Rapids, IA | 54 | $ 9,934,000 | $ 183,962 | $ 37,000 |
| Iowa City, IA | 2 | $ 1,063,000 | $ 531,500 | $ 264,000 |
| Des Moines-West Des Moines, IA | 1 | $ 98,000 | $ 98,000 | $ 0 |
Mortgage Loan Application Detail Totals for Hiawatha Bank & Trust Company in 2016
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 |
|---|---|---|---|---|---|---|
| Refinancing | 33 | $8,111,000 | $245,000 | $1,450,000 | $42,000 | $372,000 |
| Home Purchase | 23 | $2,855,000 | $124,000 | $262,000 | $48,000 | $281,000 |
| Home Improvement | 2 | $209,000 | $104,000 | $189,000 | $53,000 | $106,000 |
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 | 35 | $7,488,000 | $213,000 | $1,450,000 | $0 | $0 |
| White | 21 | $3,527,000 | $167,000 | $556,000 | $118,000 | $372,000 |
| Not Provided | 1 | $80,000 | $80,000 | $80,000 | $41,000 | $41,000 |
| Hispanic | 1 | $80,000 | $80,000 | $80,000 | $98,000 | $98,000 |
| Native Hawaiin 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 |
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) | 58 | $11,175,000 | $192,000 | $1,450,000 | $45,000 | $372,000 |
| 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 | 56 | $11,018,000 | $196,000 | $1,450,000 | $46,000 | $372,000 |
| Application Denied By Financial Institution | 1 | $80,000 | $80,000 | $80,000 | $41,000 | $41,000 |
| Application Withdrawn By Applicant | 1 | $77,000 | $77,000 | $77,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Collateral | 1 | $80,000 | $80,000 | $80,000 | $41,000 | $41,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hiawatha Bank & Trust Company's 2016 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 Hiawatha Bank & Trust Company'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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