Manufacturers Bank & Trust Co Mortgage Lending & HMDA Data, 2022
In 2022, Manufacturers Bank & Trust Co of Forest City, IA reported 292 mortgage applications totaling $50.5 million, down 31% from 2021. The average application was for $172,808, and applicants reported an average income of $123,613. 90% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Rochester, MN (62), Des Moines-West Des Moines, IA (2) and La Crosse-Onalaska, WI-MN (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 | 292 |
| Total Mortgage Loan Application Amount | $50,460,000 |
| Average Mortgage Loan Application Amount | $172,808 |
| Highest Mortgage Loan Application Amount | $2,405,000 |
| Average Applicant Income | $123,613 |
| Highest Applicant Income | $1,122,000 |
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records Manufacturers Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 161 | $29,565,000 | $183,000 | $2,405,000 | $124,000 | $1,122,000 |
| Refinancing | 51 | $10,835,000 | $212,000 | $945,000 | $145,000 | $409,000 |
| Cash-out Refinancing | 44 | $6,920,000 | $157,000 | $745,000 | $105,000 | $366,000 |
| Home Improvement | 23 | $2,045,000 | $88,000 | $285,000 | $130,000 | $310,000 |
| Other Purpose | 12 | $1,070,000 | $89,000 | $305,000 | $89,000 | $320,000 |
| Not Applicable | 1 | $25,000 | $25,000 | $25,000 | $58,000 | $58,000 |
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 |
|---|---|---|---|---|---|---|
| White | 223 | $35,175,000 | $157,000 | $865,000 | $124,000 | $1,122,000 |
| Not applicable | 52 | $12,580,000 | $241,000 | $2,405,000 | $0 | $0 |
| Not Provided | 8 | $850,000 | $106,000 | $415,000 | $104,000 | $186,000 |
| Asian | 5 | $1,505,000 | $301,000 | $605,000 | $114,000 | $211,000 |
| Hispanic | 3 | $265,000 | $88,000 | $95,000 | $44,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 292 | $50,460,000 | $172,000 | $2,405,000 | $122,000 | $1,122,000 |
| 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 | 263 | $46,945,000 | $178,000 | $2,405,000 | $130,000 | $1,122,000 |
| Application Denied By Financial Institution | 14 | $2,280,000 | $162,000 | $865,000 | $67,000 | $185,000 |
| Application Approved But Not Accepted | 11 | $895,000 | $81,000 | $205,000 | $65,000 | $143,000 |
| Application Withdrawn By Applicant | 4 | $340,000 | $85,000 | $185,000 | $72,000 | $104,000 |
| 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 | 278 | $48,180,000 | $173,000 | $2,405,000 | $126,000 | $1,122,000 |
| Credit History | 6 | $550,000 | $91,000 | $145,000 | $59,000 | $83,000 |
| Debt-To-Income Ratio | 4 | $1,250,000 | $312,000 | $865,000 | $33,000 | $61,000 |
| Collateral | 4 | $480,000 | $120,000 | $175,000 | $113,000 | $185,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2022 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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