Manufacturers Bank & Trust Co Mortgage Lending & HMDA Data, 2023
In 2023, Manufacturers Bank & Trust Co of Forest City, IA reported 224 mortgage applications totaling $32.0 million, down 23% from 2022. The average application was for $142,812, and applicants reported an average income of $100,276. 83% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rochester, MN (27), Rockford, IL (3) and Des Moines-West Des Moines, IA (1) (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 | 224 |
| Total Mortgage Loan Application Amount | $31,990,000 |
| Average Mortgage Loan Application Amount | $142,812 |
| Highest Mortgage Loan Application Amount | $1,085,000 |
| Average Applicant Income | $100,276 |
| Highest Applicant Income | $681,000 |
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records Manufacturers Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023
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 | 135 | $22,645,000 | $167,000 | $1,085,000 | $103,000 | $681,000 |
| Refinancing | 54 | $6,850,000 | $126,000 | $655,000 | $90,000 | $334,000 |
| Home Improvement | 23 | $1,405,000 | $61,000 | $155,000 | $125,000 | $425,000 |
| Cash-out Refinancing | 6 | $690,000 | $115,000 | $235,000 | $60,000 | $87,000 |
| Other Purpose | 6 | $400,000 | $66,000 | $145,000 | $77,000 | $129,000 |
| 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 | 174 | $24,460,000 | $140,000 | $1,085,000 | $101,000 | $681,000 |
| Not applicable | 28 | $5,170,000 | $184,000 | $655,000 | $0 | $0 |
| Not Provided | 11 | $1,215,000 | $110,000 | $235,000 | $77,000 | $201,000 |
| Hispanic | 6 | $380,000 | $63,000 | $115,000 | $53,000 | $108,000 |
| Black or African American | 3 | $675,000 | $225,000 | $495,000 | $139,000 | $145,000 |
| Asian | 2 | $90,000 | $45,000 | $75,000 | $165,000 | $254,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 224 | $31,990,000 | $142,000 | $1,085,000 | $100,000 | $681,000 |
| 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 | 186 | $27,150,000 | $145,000 | $1,085,000 | $104,000 | $681,000 |
| Application Withdrawn By Applicant | 21 | $2,875,000 | $136,000 | $495,000 | $91,000 | $334,000 |
| Application Approved But Not Accepted | 9 | $1,055,000 | $117,000 | $265,000 | $82,000 | $113,000 |
| Application Denied By Financial Institution | 8 | $910,000 | $113,000 | $215,000 | $64,000 | $131,000 |
| 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 | 157 | $22,425,000 | $142,000 | $1,085,000 | $101,000 | $681,000 |
| Not applicable | 67 | $9,565,000 | $142,000 | $655,000 | $94,000 | $254,000 |
| 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 2023 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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