Manufacturers Bank & Trust Co Mortgage Lending & HMDA Data, 2025
In 2025, Manufacturers Bank & Trust Co of Forest City, IA reported 257 mortgage applications totaling $50.5 million, up 33% from 2024. The average application was for $196,556, and applicants reported an average income of $129,964. 87% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Rochester, MN (38), Minneapolis-St. Paul-Bloomington, MN-WI (4) and Iowa City, IA (2) (applications in parentheses).
| Mortgage Company & Address | Manufacturers Bank & Trust Co 245 East J St, Po Box 450 Forest City, IA 50436 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 |
| Total Number of Mortgage Applications | 257 |
| Total Mortgage Loan Application Amount | $50,515,000 |
| Average Mortgage Loan Application Amount | $196,556 |
| Highest Mortgage Loan Application Amount | $1,195,000 |
| Average Applicant Income | $129,964 |
| Highest Applicant Income | $921,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Manufacturers Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Manufacturers Bank & Trust Co in 2025
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 | 158 | $36,610,000 | $231,000 | $1,195,000 | $131,000 | $921,000 |
| Refinancing | 57 | $9,075,000 | $159,000 | $645,000 | $139,000 | $526,000 |
| Home Improvement | 18 | $2,310,000 | $128,000 | $505,000 | $152,000 | $527,000 |
| Other Purpose | 17 | $955,000 | $56,000 | $125,000 | $77,000 | $147,000 |
| Cash-out Refinancing | 7 | $1,565,000 | $223,000 | $575,000 | $105,000 | $178,000 |
| 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 | 204 | $38,150,000 | $187,000 | $605,000 | $133,000 | $921,000 |
| Not applicable | 34 | $9,220,000 | $271,000 | $1,195,000 | $0 | $0 |
| Not Provided | 7 | $1,065,000 | $152,000 | $405,000 | $128,000 | $242,000 |
| Asian | 6 | $820,000 | $136,000 | $265,000 | $71,000 | $99,000 |
| Hispanic | 5 | $1,135,000 | $227,000 | $415,000 | $100,000 | $217,000 |
| Black or African American | 1 | $125,000 | $125,000 | $125,000 | $81,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 257 | $50,515,000 | $196,000 | $1,195,000 | $130,000 | $921,000 |
| 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 | 224 | $43,530,000 | $194,000 | $1,195,000 | $134,000 | $921,000 |
| Application Approved But Not Accepted | 19 | $4,615,000 | $242,000 | $445,000 | $132,000 | $215,000 |
| Application Withdrawn By Applicant | 11 | $1,765,000 | $160,000 | $405,000 | $78,000 | $172,000 |
| Application Denied By Financial Institution | 3 | $605,000 | $201,000 | $325,000 | $59,000 | $75,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 230 | $45,530,000 | $197,000 | $1,195,000 | $128,000 | $921,000 |
| Not applicable | 27 | $4,985,000 | $184,000 | $1,175,000 | $156,000 | $446,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Manufacturers Bank & Trust Co's 2025 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 Manufacturers Bank & Trust Co'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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