Midwestone Bank Mortgage Lending & HMDA Data, 2020

In 2020, Midwestone Bank of Iowa City, IA reported 4,515 mortgage applications totaling $833.5 million, up 53% from 2019. The average application was for $184,601, and applicants reported an average income of $121,969. 78% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Dubuque, IA (1,153), Minneapolis-St. Paul-Bloomington, MN-WI (823) and Iowa City, IA (578) (applications in parentheses).

Mortgage Company & Address Midwestone Bank
102 South Clinton Street
Iowa City, IA 52240
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  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 4,515
Total Mortgage Loan Application Amount $833,475,000
Average Mortgage Loan Application Amount $184,601
Highest Mortgage Loan Application Amount $16,005,000
Average Applicant Income $121,969
Highest Applicant Income $8,221,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midwestone Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Midwestone 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
Dubuque, Iowa 1,153 $ 199,075,000 $ 172,658 $ 109,000
Johnson, Iowa 573 $ 119,535,000 $ 208,612 $ 141,000
Grant, Wisconsin 159 $ 18,895,000 $ 118,836 $ 75,000
Hennepin, Minnesota 155 $ 54,105,000 $ 349,064 $ 200,000
Washington, Minnesota 154 $ 26,020,000 $ 168,961 $ 137,000
Polk, Wisconsin 154 $ 27,940,000 $ 181,428 $ 125,000
St. Croix, Wisconsin 139 $ 34,325,000 $ 246,942 $ 136,000
Mahaska, Iowa 120 $ 11,380,000 $ 94,833 $ 94,000
Polk, Iowa 113 $ 25,175,000 $ 222,787 $ 140,000
Des Moines, Iowa 107 $ 17,505,000 $ 163,598 $ 81,000
Jefferson, Iowa 77 $ 7,155,000 $ 92,922 $ 73,000
Muscatine, Iowa 74 $ 8,480,000 $ 114,594 $ 73,000
Butler, Iowa 73 $ 6,775,000 $ 92,808 $ 80,000
Chisago, Minnesota 71 $ 10,185,000 $ 143,450 $ 88,000
Anoka, Minnesota 69 $ 13,365,000 $ 193,695 $ 146,000
Marion, Iowa 66 $ 10,270,000 $ 155,606 $ 106,000
Dakota, Minnesota 61 $ 9,605,000 $ 157,459 $ 103,000
Delaware, Iowa 60 $ 10,790,000 $ 179,833 $ 99,000
Ramsey, Minnesota 60 $ 9,650,000 $ 160,833 $ 142,000
Dallas, Iowa 53 $ 12,845,000 $ 242,358 $ 164,000
Black Hawk, Iowa 52 $ 9,190,000 $ 176,730 $ 293,000
Lee, Iowa 52 $ 4,800,000 $ 92,307 $ 71,000
Wright, Minnesota 50 $ 7,340,000 $ 146,800 $ 128,000
Collier, Florida 45 $ 14,305,000 $ 317,888 $ 305,000
Iowa, Iowa 45 $ 3,715,000 $ 82,555 $ 71,000
Keokuk, Iowa 43 $ 3,515,000 $ 81,744 $ 68,000
Linn, Iowa 37 $ 5,425,000 $ 146,621 $ 135,000
Sherburne, Minnesota 37 $ 6,095,000 $ 164,729 $ 92,000
Grundy, Iowa 36 $ 4,090,000 $ 113,611 $ 73,000
Jackson, Iowa 36 $ 4,950,000 $ 137,500 $ 90,000
Lee, Florida 31 $ 6,455,000 $ 208,225 $ 149,000
Scott, Iowa 27 $ 4,245,000 $ 157,222 $ 144,000
Benton, Iowa 26 $ 3,740,000 $ 143,846 $ 104,000
Marshall, Iowa 26 $ 2,520,000 $ 96,923 $ 72,000
Jo Daviess, Illinois 25 $ 3,725,000 $ 149,000 $ 85,000
Cedar, Iowa 21 $ 2,685,000 $ 127,857 $ 85,000
Jones, Iowa 16 $ 2,580,000 $ 161,250 $ 84,000
Warren, Iowa 16 $ 3,490,000 $ 218,125 $ 224,000
Lafayette, Wisconsin 16 $ 2,360,000 $ 147,500 $ 95,000
Clayton, Iowa 13 $ 935,000 $ 71,923 $ 63,000
Jasper, Iowa 12 $ 1,680,000 $ 140,000 $ 99,000
Poweshiek, Iowa 12 $ 2,020,000 $ 168,333 $ 92,000
Story, Iowa 12 $ 2,010,000 $ 167,500 $ 107,000
Maricopa, Arizona 11 $ 3,065,000 $ 278,636 $ 208,000
Crow Wing, Minnesota 11 $ 3,095,000 $ 281,363 $ 180,000
Denver, Colorado 10 $ 9,390,000 $ 939,000 $ 246,000
Louisa, Iowa 9 $ 595,000 $ 66,111 $ 89,000
Iowa, Wisconsin 9 $ 1,175,000 $ 130,555 $ 61,000
Summit, Colorado 8 $ 12,000,000 $ 1,500,000 $ 500,000
Wapello, Iowa 8 $ 870,000 $ 108,750 $ 93,000
Burnett, Wisconsin 8 $ 840,000 $ 105,000 $ 89,000
Jefferson, Colorado 7 $ 1,265,000 $ 180,714 $ 146,000
Tama, Iowa 7 $ 385,000 $ 55,000 $ 50,000
Dane, Wisconsin 7 $ 1,875,000 $ 267,857 $ 119,000
Pierce, Wisconsin 7 $ 1,605,000 $ 229,285 $ 215,000
Hardin, Iowa 6 $ 610,000 $ 101,666 $ 86,000
Henry, Iowa 6 $ 840,000 $ 140,000 $ 111,000
Madison, Iowa 6 $ 2,030,000 $ 338,333 $ 137,000
Carver, Minnesota 6 $ 1,940,000 $ 323,333 $ 171,000
Isanti, Minnesota 6 $ 1,280,000 $ 213,333 $ 115,000
Scott, Minnesota 6 $ 1,060,000 $ 176,666 $ 128,000
Clinton, Iowa 5 $ 875,000 $ 175,000 $ 88,000
Washington, Iowa 5 $ 685,000 $ 137,000 $ 73,000
Pine, Minnesota 5 $ 1,255,000 $ 251,000 $ 64,000
Bremer, Iowa 4 $ 970,000 $ 242,500 $ 95,000
Crawford, Wisconsin 4 $ 460,000 $ 115,000 $ 64,000
Arapahoe, Colorado 3 $ 3,195,000 $ 1,065,000 $ 702,000
Douglas, Colorado 3 $ 1,565,000 $ 521,666 $ 216,000
Charlotte, Florida 3 $ 615,000 $ 205,000 $ 96,000
Cook, Illinois 3 $ 1,105,000 $ 368,333 $ 168,000
Henderson, Illinois 3 $ 185,000 $ 61,666 $ 45,000
Appanoose, Iowa 3 $ 755,000 $ 251,666 $ 122,000
Monroe, Iowa 3 $ 275,000 $ 91,666 $ 75,000
Van Buren, Iowa 3 $ 455,000 $ 151,666 $ 71,000
Aitkin, Minnesota 3 $ 355,000 $ 118,333 $ 162,000
St. Louis, Minnesota 3 $ 655,000 $ 218,333 $ 192,000
Bayfield, Wisconsin 3 $ 305,000 $ 101,666 $ 152,000
Milwaukee, Wisconsin 3 $ 265,000 $ 88,333 $ 68,000
Sauk, Wisconsin 3 $ 1,915,000 $ 638,333 $ 516,000
Waukesha, Wisconsin 3 $ 775,000 $ 258,333 $ 186,000
Adams, Colorado 2 $ 530,000 $ 265,000 $ 150,000
Chaffee, Colorado 2 $ 900,000 $ 450,000 $ 116,000
Larimer, Colorado 2 $ 850,000 $ 425,000 $ 380,000
Manatee, Florida 2 $ 1,480,000 $ 740,000 $ 304,000
Will, Illinois 2 $ 580,000 $ 290,000 $ 176,000
Cerro Gordo, Iowa 2 $ 410,000 $ 205,000 $ 121,000
Decatur, Iowa 2 $ 320,000 $ 160,000 $ 89,000
Sac, Iowa 2 $ 140,000 $ 70,000 $ 54,000
Montgomery, Maryland 2 $ 1,130,000 $ 565,000 $ 145,000
Monroe, Michigan 2 $ 190,000 $ 95,000 $ 80,000
Douglas, Minnesota 2 $ 450,000 $ 225,000 $ 120,000
Goodhue, Minnesota 2 $ 270,000 $ 135,000 $ 55,000
Hubbard, Minnesota 2 $ 370,000 $ 185,000 $ 470,000
Meeker, Minnesota 2 $ 290,000 $ 145,000 $ 87,000
Mille Lacs, Minnesota 2 $ 280,000 $ 140,000 $ 230,000
Stearns, Minnesota 2 $ 350,000 $ 175,000 $ 138,000
Douglas, Nebraska 2 $ 700,000 $ 350,000 $ 310,000
Macon, North Carolina 2 $ 770,000 $ 385,000 $ 148,000
Adams, Wisconsin 2 $ 370,000 $ 185,000 $ 377,000
Dunn, Wisconsin 2 $ 140,000 $ 70,000 $ 44,000
Eau Claire, Wisconsin 2 $ 1,230,000 $ 615,000 $ 364,000
Green, Wisconsin 2 $ 1,390,000 $ 695,000 $ 179,000
La Crosse, Wisconsin 2 $ 410,000 $ 205,000 $ 140,000
Monroe, Wisconsin 2 $ 670,000 $ 335,000 $ 87,000
Walworth, Wisconsin 2 $ 710,000 $ 355,000 $ 285,000
Gila, Arizona 1 $ 375,000 $ 375,000 $ 314,000
Pima, Arizona 1 $ 285,000 $ 285,000 $ 242,000
Boulder, Colorado 1 $ 135,000 $ 135,000 $ 179,000
Broomfield, Colorado 1 $ 345,000 $ 345,000 $ 215,000
Clear Creek, Colorado 1 $ 195,000 $ 195,000 $ 0
El Paso, Colorado 1 $ 295,000 $ 295,000 $ 0
Weld, Colorado 1 $ 1,005,000 $ 1,005,000 $ 246,000
Brevard, Florida 1 $ 245,000 $ 245,000 $ 0
Flagler, Florida 1 $ 25,000 $ 25,000 $ 103,000
Highlands, Florida 1 $ 205,000 $ 205,000 $ 189,000
Marion, Florida 1 $ 365,000 $ 365,000 $ 174,000
Orange, Florida 1 $ 235,000 $ 235,000 $ 0
Polk, Florida 1 $ 275,000 $ 275,000 $ 460,000
Hancock, Illinois 1 $ 155,000 $ 155,000 $ 104,000
Kane, Illinois 1 $ 115,000 $ 115,000 $ 86,000
Knox, Illinois 1 $ 2,905,000 $ 2,905,000 $ 0
Lake, Illinois 1 $ 245,000 $ 245,000 $ 87,000
McDonough, Illinois 1 $ 45,000 $ 45,000 $ 77,000
Rock Island, Illinois 1 $ 425,000 $ 425,000 $ 0
Adair, Iowa 1 $ 85,000 $ 85,000 $ 105,000
Buchanan, Iowa 1 $ 235,000 $ 235,000 $ 106,000
Calhoun, Iowa 1 $ 165,000 $ 165,000 $ 66,000
Chickasaw, Iowa 1 $ 25,000 $ 25,000 $ 174,000
Davis, Iowa 1 $ 155,000 $ 155,000 $ 121,000
Dickinson, Iowa 1 $ 165,000 $ 165,000 $ 170,000
Fayette, Iowa 1 $ 35,000 $ 35,000 $ 43,000
Guthrie, Iowa 1 $ 615,000 $ 615,000 $ 297,000
Hamilton, Iowa 1 $ 805,000 $ 805,000 $ 0
Kossuth, Iowa 1 $ 65,000 $ 65,000 $ 103,000
Montgomery, Iowa 1 $ 145,000 $ 145,000 $ 98,000
Page, Iowa 1 $ 195,000 $ 195,000 $ 70,000
Pottawattamie, Iowa 1 $ 165,000 $ 165,000 $ 141,000
Winneshiek, Iowa 1 $ 15,000 $ 15,000 $ 61,000
Worth, Iowa 1 $ 165,000 $ 165,000 $ 146,000
Carlton, Minnesota 1 $ 205,000 $ 205,000 $ 71,000
Cass, Minnesota 1 $ 25,000 $ 25,000 $ 350,000
Cook, Minnesota 1 $ 165,000 $ 165,000 $ 185,000
Dodge, Minnesota 1 $ 195,000 $ 195,000 $ 213,000
Lake, Minnesota 1 $ 295,000 $ 295,000 $ 50,000
Morrison, Minnesota 1 $ 225,000 $ 225,000 $ 79,000
Olmsted, Minnesota 1 $ 335,000 $ 335,000 $ 163,000
Rice, Minnesota 1 $ 195,000 $ 195,000 $ 254,000
Steele, Minnesota 1 $ 15,000 $ 15,000 $ 78,000
Camden, Missouri 1 $ 75,000 $ 75,000 $ 36,000
Jackson, Missouri 1 $ 185,000 $ 185,000 $ 53,000
Clark, Nevada 1 $ 705,000 $ 705,000 $ 239,000
Westchester, New York 1 $ 1,705,000 $ 1,705,000 $ 550,000
Moore, North Carolina 1 $ 125,000 $ 125,000 $ 0
Wake, North Carolina 1 $ 225,000 $ 225,000 $ 65,000
Cass, North Dakota 1 $ 125,000 $ 125,000 $ 185,000
Tulsa, Oklahoma 1 $ 335,000 $ 335,000 $ 328,000
Davidson, Tennessee 1 $ 215,000 $ 215,000 $ 105,000
Brazoria, Texas 1 $ 205,000 $ 205,000 $ 121,000
Hidalgo, Texas 1 $ 75,000 $ 75,000 $ 20,000
Tarrant, Texas 1 $ 365,000 $ 365,000 $ 281,000
Ashland, Wisconsin 1 $ 15,000 $ 15,000 $ 17,000
Barron, Wisconsin 1 $ 115,000 $ 115,000 $ 102,000
Chippewa, Wisconsin 1 $ 175,000 $ 175,000 $ 122,000
Clark, Wisconsin 1 $ 105,000 $ 105,000 $ 0
Columbia, Wisconsin 1 $ 445,000 $ 445,000 $ 0
Door, Wisconsin 1 $ 205,000 $ 205,000 $ 98,000
Green Lake, Wisconsin 1 $ 175,000 $ 175,000 $ 234,000
Juneau, Wisconsin 1 $ 515,000 $ 515,000 $ 1,269,000
Pepin, Wisconsin 1 $ 225,000 $ 225,000 $ 305,000
Rock, Wisconsin 1 $ 105,000 $ 105,000 $ 0
Rusk, Wisconsin 1 $ 135,000 $ 135,000 $ 111,000
Sawyer, Wisconsin 1 $ 285,000 $ 285,000 $ 195,000
Vernon, Wisconsin 1 $ 165,000 $ 165,000 $ 0
Washburn, Wisconsin 1 $ 135,000 $ 135,000 $ 71,000
Waupaca, Wisconsin 1 $ 215,000 $ 215,000 $ 83,000
Winnebago, Wisconsin 1 $ 85,000 $ 85,000 $ 28,000

Mortgage Loan Application Detail Totals for Midwestone 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
Refinancing 2,075 $411,585,000 $198,000 $16,005,000 $128,000 $8,221,000
Home Purchase 947 $216,825,000 $228,000 $7,005,000 $108,000 $2,101,000
Other Purpose 616 $49,150,000 $79,000 $1,005,000 $126,000 $2,213,000
Cash-out Refinancing 599 $137,625,000 $229,000 $2,505,000 $132,000 $1,834,000
Home Improvement 278 $18,290,000 $65,000 $1,005,000 $94,000 $344,000
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 3,706 $642,920,000 $173,000 $3,005,000 $122,000 $8,221,000
Not Provided 488 $63,900,000 $130,000 $2,405,000 $124,000 $1,039,000
Not applicable 134 $92,550,000 $690,000 $16,005,000 $0 $0
Hispanic 90 $12,020,000 $133,000 $405,000 $80,000 $215,000
Asian 58 $14,030,000 $241,000 $1,655,000 $183,000 $1,021,000
Black or African American 27 $4,865,000 $180,000 $725,000 $107,000 $580,000
American Indian or Alaskan Native 5 $1,325,000 $265,000 $355,000 $152,000 $460,000
Native Hawaiian or Other Pacific Islander 4 $1,270,000 $317,000 $755,000 $119,000 $153,000

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) 4,487 $828,835,000 $184,000 $16,005,000 $122,000 $8,221,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 20 $2,890,000 $144,000 $285,000 $56,000 $97,000
VA-guaranteed (Veterans Administration) 4 $960,000 $240,000 $415,000 $100,000 $171,000
FHA-insured (Federal Housing Administration) 4 $790,000 $197,000 $295,000 $65,000 $112,000

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 3,533 $668,475,000 $189,000 $16,005,000 $126,000 $8,221,000
Application Withdrawn By Applicant 404 $76,120,000 $188,000 $1,625,000 $127,000 $1,365,000
Application Denied By Financial Institution 390 $42,860,000 $109,000 $2,405,000 $74,000 $432,000
File Closed For Incompleteness 122 $28,620,000 $234,000 $685,000 $135,000 $846,000
Application Approved But Not Accepted 66 $17,400,000 $263,000 $2,905,000 $147,000 $978,000
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
Not applicable 4,125 $790,615,000 $191,000 $16,005,000 $127,000 $8,221,000
Debt-To-Income Ratio 146 $20,080,000 $137,000 $2,405,000 $59,000 $334,000
Credit History 115 $10,535,000 $91,000 $315,000 $71,000 $274,000
Collateral 63 $5,445,000 $86,000 $405,000 $107,000 $432,000
Credit Application Incomplete 24 $1,720,000 $71,000 $275,000 $99,000 $320,000
Other 17 $1,625,000 $95,000 $315,000 $71,000 $136,000
Employment History 16 $1,880,000 $117,000 $395,000 $58,000 $128,000
Insufficient Cash (Downpayment, Closing Cost) 5 $1,005,000 $201,000 $285,000 $84,000 $132,000
Unverifiable Information 3 $425,000 $141,000 $255,000 $60,000 $180,000
Mortgage Insurance Denied 1 $145,000 $145,000 $145,000 $68,000 $68,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Midwestone 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 Midwestone 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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