Lake Area Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Lake Area Bank 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Lake Area Bank 12790 First Ave N - Po Box 743 Lindstrom, MN 55045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,081 |
| Total Mortgage Loan Application Amount | $744,155,000 |
| Average Mortgage Loan Application Amount | $200,800 |
| Highest Mortgage Loan Application Amount | $4,735,000 |
| Average Applicant Income | $103,600 |
| Highest Applicant Income | $1,149,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Lake Area Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Lake Area Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2020 breaks down Lake Area Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Lake Area Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Lake Area Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Lake Area Bank's mortgage activity for 2020.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hennepin County Minnesota | 699 | $ 167,615,000 | $ 239,000 | $ 102,000 |
| Ramsey County Minnesota | 573 | $ 119,225,000 | $ 208,000 | $ 97,000 |
| Anoka County Minnesota | 465 | $ 114,225,000 | $ 245,000 | $ 107,000 |
| Washington County Minnesota | 378 | $ 109,810,000 | $ 290,000 | $ 125,000 |
| Dakota County Minnesota | 262 | $ 58,940,000 | $ 224,000 | $ 94,000 |
| Chisago County Minnesota | 129 | $ 30,205,000 | $ 234,000 | $ 111,000 |
| Sherburne County Minnesota | 64 | $ 13,190,000 | $ 206,000 | $ 94,000 |
| Scott County Minnesota | 55 | $ 23,005,000 | $ 418,000 | $ 108,000 |
| Wright County Minnesota | 51 | $ 11,915,000 | $ 233,000 | $ 99,000 |
| St. Croix County Wisconsin | 45 | $ 13,215,000 | $ 293,000 | $ 106,000 |
| Carver County Minnesota | 36 | $ 8,960,000 | $ 248,000 | $ 101,000 |
| Isanti County Minnesota | 36 | $ 7,070,000 | $ 196,000 | $ 87,000 |
| Stearns County Minnesota | 26 | $ 4,890,000 | $ 188,000 | $ 120,000 |
| Polk County Wisconsin | 17 | $ 4,675,000 | $ 275,000 | $ 167,000 |
| Pierce County Wisconsin | 12 | $ 3,040,000 | $ 253,000 | $ 107,000 |
| Pine County Minnesota | 11 | $ 2,335,000 | $ 212,000 | $ 131,000 |
| St. Louis County Minnesota | 11 | $ 2,455,000 | $ 223,000 | $ 162,000 |
| Crow Wing County Minnesota | 10 | $ 2,360,000 | $ 236,000 | $ 334,000 |
| Burnett County Wisconsin | 10 | $ 2,460,000 | $ 246,000 | $ 161,000 |
| Lee County Florida | 9 | $ 3,615,000 | $ 401,000 | $ 272,000 |
| Otter Tail County Minnesota | 9 | $ 1,585,000 | $ 176,000 | $ 135,000 |
| Rice County Minnesota | 9 | $ 2,015,000 | $ 223,000 | $ 61,000 |
| Aitkin County Minnesota | 8 | $ 1,550,000 | $ 193,000 | $ 95,000 |
| Benton County Minnesota | 8 | $ 1,100,000 | $ 137,000 | $ 53,000 |
| Carlton County Minnesota | 8 | $ 1,520,000 | $ 190,000 | $ 173,000 |
| Cass County Minnesota | 8 | $ 2,280,000 | $ 285,000 | $ 115,000 |
| Washburn County Wisconsin | 8 | $ 1,690,000 | $ 211,000 | $ 225,000 |
| Kanabec County Minnesota | 6 | $ 840,000 | $ 140,000 | $ 71,000 |
| Mille Lacs County Minnesota | 6 | $ 770,000 | $ 128,000 | $ 69,000 |
| Marathon County Wisconsin | 6 | $ 890,000 | $ 148,000 | $ 66,000 |
| Shawnee County Kansas | 5 | $ 165,000 | $ 33,000 | $ 152,000 |
| Kandiyohi County Minnesota | 4 | $ 360,000 | $ 90,000 | $ 42,000 |
| Meeker County Minnesota | 4 | $ 1,060,000 | $ 265,000 | $ 140,000 |
| Olmsted County Minnesota | 4 | $ 2,350,000 | $ 587,000 | $ 155,000 |
| Goodhue County Minnesota | 3 | $ 575,000 | $ 191,000 | $ 86,000 |
| Itasca County Minnesota | 3 | $ 645,000 | $ 215,000 | $ 67,000 |
| Morrison County Minnesota | 3 | $ 335,000 | $ 111,000 | $ 56,000 |
| Sibley County Minnesota | 3 | $ 615,000 | $ 205,000 | $ 79,000 |
| Todd County Minnesota | 3 | $ 705,000 | $ 235,000 | $ 119,000 |
| Bayfield County Wisconsin | 3 | $ 715,000 | $ 238,000 | $ 109,000 |
| Dane County Wisconsin | 3 | $ 855,000 | $ 285,000 | $ 111,000 |
| Shelby County Alabama | 2 | $ 720,000 | $ 360,000 | $ 138,000 |
| Martin County Florida | 2 | $ 650,000 | $ 325,000 | $ 166,000 |
| Sarasota County Florida | 2 | $ 270,000 | $ 135,000 | $ 32,000 |
| Douglas County Minnesota | 2 | $ 780,000 | $ 390,000 | $ 258,000 |
| McLeod County Minnesota | 2 | $ 310,000 | $ 155,000 | $ 74,000 |
| Steele County Minnesota | 2 | $ 360,000 | $ 180,000 | $ 59,000 |
| Somerset County New Jersey | 2 | $ 790,000 | $ 395,000 | $ 271,000 |
| Dallas County Texas | 2 | $ 740,000 | $ 370,000 | $ 140,000 |
| Milwaukee County Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 92,000 |
| Pepin County Wisconsin | 2 | $ 280,000 | $ 140,000 | $ 236,000 |
| Anchorage County Alaska | 1 | $ 265,000 | $ 265,000 | $ 172,000 |
| Maricopa County Arizona | 1 | $ 275,000 | $ 275,000 | $ 51,000 |
| Orange County California | 1 | $ 365,000 | $ 365,000 | $ 116,000 |
| Sacramento County California | 1 | $ 245,000 | $ 245,000 | $ 68,000 |
| Douglas County Colorado | 1 | $ 315,000 | $ 315,000 | $ 297,000 |
| Charlotte County Florida | 1 | $ 305,000 | $ 305,000 | $ 211,000 |
| Collier County Florida | 1 | $ 365,000 | $ 365,000 | $ 259,000 |
| Duval County Florida | 1 | $ 155,000 | $ 155,000 | $ 128,000 |
| Pinellas County Florida | 1 | $ 125,000 | $ 125,000 | $ 180,000 |
| Gwinnett County Georgia | 1 | $ 255,000 | $ 255,000 | $ 297,000 |
| Lake County Illinois | 1 | $ 115,000 | $ 115,000 | $ 58,000 |
| Hendricks County Indiana | 1 | $ 185,000 | $ 185,000 | $ 95,000 |
| Johnson County Iowa | 1 | $ 205,000 | $ 205,000 | $ 203,000 |
| Marion County Iowa | 1 | $ 365,000 | $ 365,000 | $ 118,000 |
| Wright County Iowa | 1 | $ 175,000 | $ 175,000 | $ 97,000 |
| Boone County Kentucky | 1 | $ 265,000 | $ 265,000 | $ 145,000 |
| Hardin County Kentucky | 1 | $ 515,000 | $ 515,000 | $ 229,000 |
| Barnstable County Massachusetts | 1 | $ 255,000 | $ 255,000 | $ 93,000 |
| Kalamazoo County Michigan | 1 | $ 275,000 | $ 275,000 | $ 53,000 |
| Oakland County Michigan | 1 | $ 195,000 | $ 195,000 | $ 80,000 |
| Blue Earth County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 62,000 |
| Lake County Minnesota | 1 | $ 95,000 | $ 95,000 | $ 188,000 |
| Swift County Minnesota | 1 | $ 95,000 | $ 95,000 | $ 394,000 |
| Wadena County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 196,000 |
| Christian County Missouri | 1 | $ 335,000 | $ 335,000 | $ 110,000 |
| Clay County Missouri | 1 | $ 405,000 | $ 405,000 | $ 135,000 |
| Cedar County Nebraska | 1 | $ 305,000 | $ 305,000 | $ 184,000 |
| Washoe County Nevada | 1 | $ 405,000 | $ 405,000 | $ 108,000 |
| Merrimack County New Hampshire | 1 | $ 485,000 | $ 485,000 | $ 105,000 |
| Bronx County New York | 1 | $ 165,000 | $ 165,000 | $ 240,000 |
| Wake County North Carolina | 1 | $ 165,000 | $ 165,000 | $ 193,000 |
| Traill County North Dakota | 1 | $ 315,000 | $ 315,000 | $ 157,000 |
| Oklahoma County Oklahoma | 1 | $ 75,000 | $ 75,000 | $ 63,000 |
| Washington County Oregon | 1 | $ 495,000 | $ 495,000 | $ 128,000 |
| Lebanon County Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 143,000 |
| Lincoln County South Dakota | 1 | $ 215,000 | $ 215,000 | $ 184,000 |
| Comal County Texas | 1 | $ 455,000 | $ 455,000 | $ 103,000 |
| Denton County Texas | 1 | $ 355,000 | $ 355,000 | $ 165,000 |
| Hays County Texas | 1 | $ 215,000 | $ 215,000 | $ 75,000 |
| Kendall County Texas | 1 | $ 445,000 | $ 445,000 | $ 91,000 |
| King County Washington | 1 | $ 605,000 | $ 605,000 | $ 126,000 |
| Pierce County Washington | 1 | $ 345,000 | $ 345,000 | $ 83,000 |
| Barron County Wisconsin | 1 | $ 355,000 | $ 355,000 | $ 349,000 |
| Chippewa County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 165,000 |
| Columbia County Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 184,000 |
| Sauk County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 133,000 |
| Sawyer County Wisconsin | 1 | $ 275,000 | $ 275,000 | $ 0 |
Mortgage Loan Application Detail Totals for Lake Area 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 | 1,430 | $316,300,000 | $221,000 | $3,285,000 | $88,000 | $1,149,000 |
| Refinancing | 1,117 | $301,135,000 | $269,000 | $4,735,000 | $126,000 | $1,149,000 |
| Cash-out Refinancing | 481 | $123,295,000 | $256,000 | $1,505,000 | $127,000 | $1,149,000 |
| Home Improvement | 47 | $2,145,000 | $45,000 | $525,000 | $79,000 | $141,000 |
| Other Purpose | 6 | $1,280,000 | $213,000 | $285,000 | $98,000 | $172,000 |
| 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 | 1,687 | $423,475,000 | $251,000 | $1,505,000 | $121,000 | $1,149,000 |
| Not Provided | 640 | $151,420,000 | $236,000 | $1,105,000 | $106,000 | $551,000 |
| Hispanic | 322 | $56,720,000 | $176,000 | $485,000 | $62,000 | $240,000 |
| Asian | 225 | $51,175,000 | $227,000 | $515,000 | $89,000 | $360,000 |
| Black or African American | 122 | $25,860,000 | $211,000 | $875,000 | $84,000 | $371,000 |
| Not applicable | 56 | $29,570,000 | $528,000 | $4,735,000 | $0 | $0 |
| American Indian or Alaskan Native | 20 | $3,690,000 | $184,000 | $415,000 | $76,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $290,000 | $145,000 | $275,000 | $78,000 | $78,000 |
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) | 2,700 | $649,970,000 | $240,000 | $4,735,000 | $114,000 | $1,149,000 |
| FHA-insured (Federal Housing Administration) | 371 | $92,055,000 | $248,000 | $495,000 | $63,000 | $216,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,915,000 | $212,000 | $275,000 | $57,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 1 | $215,000 | $215,000 | $215,000 | $69,000 | $69,000 |
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 | 2,749 | $666,665,000 | $242,000 | $4,735,000 | $109,000 | $1,149,000 |
| Application Approved But Not Accepted | 186 | $44,160,000 | $237,000 | $955,000 | $101,000 | $463,000 |
| Application Denied By Financial Institution | 82 | $17,130,000 | $208,000 | $1,505,000 | $69,000 | $447,000 |
| Application Withdrawn By Applicant | 64 | $16,200,000 | $253,000 | $515,000 | $106,000 | $303,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,999 | $727,025,000 | $242,000 | $4,735,000 | $108,000 | $1,149,000 |
| Credit History | 32 | $6,280,000 | $196,000 | $355,000 | $81,000 | $175,000 |
| Debt-To-Income Ratio | 30 | $6,360,000 | $212,000 | $1,505,000 | $44,000 | $447,000 |
| Collateral | 15 | $3,425,000 | $228,000 | $585,000 | $95,000 | $274,000 |
| Other | 3 | $635,000 | $211,000 | $335,000 | $73,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $430,000 | $215,000 | $305,000 | $59,000 | $64,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lake Area 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 Lake Area 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 Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.