Midcountry Bank Mortgage Lending & HMDA Data, 2011

In 2011, Midcountry Bank of Bloomington, MN reported 1,322 mortgage applications totaling $198.6 million. The average application was for $150,208, and applicants reported an average income of $70,096. 60% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (737), St. Cloud, MN (37) and Mankato-North Mankato, MN (17) (applications in parentheses).

Mortgage Company & Address Midcountry Bank
7825 Washington Ave. S., Ste. 120
Bloomington, MN 55439
Tel #: available with data download
Federal Regulator * available with data download
Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 1,322
Total Mortgage Loan Application Amount $198,575,000
Average Mortgage Loan Application Amount $150,208
Highest Mortgage Loan Application Amount $6,000,000
Average Applicant Income $70,096
Highest Applicant Income $1,586,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midcountry Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Midcountry Bank by County in 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hennepin, Minnesota 247 $ 38,119,000 $ 154,327 $ 80,000
Ramsey, Minnesota 147 $ 20,158,000 $ 137,129 $ 47,000
Dakota, Minnesota 107 $ 15,660,000 $ 146,355 $ 77,000
Williamson, Illinois 77 $ 6,889,000 $ 89,467 $ 59,000
Anoka, Minnesota 74 $ 9,638,000 $ 130,243 $ 55,000
McLeod, Minnesota 57 $ 8,773,000 $ 153,912 $ 81,000
Franklin, Illinois 50 $ 3,548,000 $ 70,960 $ 50,000
Washington, Minnesota 45 $ 8,286,000 $ 184,133 $ 108,000
Jefferson, Illinois 34 $ 3,603,000 $ 105,970 $ 59,000
Jackson, Illinois 33 $ 11,091,000 $ 336,090 $ 60,000
Scott, Minnesota 32 $ 4,797,000 $ 149,906 $ 67,000
Wright, Minnesota 32 $ 5,301,000 $ 165,656 $ 76,000
Carver, Minnesota 31 $ 4,832,000 $ 155,870 $ 77,000
Stearns, Minnesota 29 $ 4,088,000 $ 140,965 $ 48,000
Massac, Illinois 13 $ 703,000 $ 54,076 $ 45,000
Meeker, Minnesota 11 $ 1,348,000 $ 122,545 $ 60,000
Pulaski, Illinois 10 $ 299,000 $ 29,900 $ 28,000
Kandiyohi, Minnesota 10 $ 1,767,000 $ 176,700 $ 85,000
Nicollet, Minnesota 10 $ 1,464,000 $ 146,400 $ 113,000
Rice, Minnesota 10 $ 1,261,000 $ 126,100 $ 43,000
Sherburne, Minnesota 9 $ 1,205,000 $ 133,888 $ 109,000
Johnson, Illinois 8 $ 672,000 $ 84,000 $ 56,000
Saline, Illinois 8 $ 613,000 $ 76,625 $ 67,000
Benton, Minnesota 8 $ 7,056,000 $ 882,000 $ 34,000
Blue Earth, Minnesota 7 $ 744,000 $ 106,285 $ 34,000
Itasca, Minnesota 7 $ 813,000 $ 116,142 $ 76,000
Chisago, Minnesota 6 $ 805,000 $ 134,166 $ 49,000
Sibley, Minnesota 6 $ 495,000 $ 82,500 $ 59,000
Isanti, Minnesota 5 $ 580,000 $ 116,000 $ 55,000
Olmsted, Minnesota 5 $ 510,000 $ 102,000 $ 30,000
Crow Wing, Minnesota 4 $ 611,000 $ 152,750 $ 63,000
Maricopa, Arizona 3 $ 345,000 $ 115,000 $ 86,000
Gallatin, Illinois 3 $ 163,000 $ 54,333 $ 45,000
Marion, Illinois 3 $ 255,000 $ 85,000 $ 47,000
Union, Illinois 3 $ 159,000 $ 53,000 $ 46,000
Otter Tail, Minnesota 3 $ 431,000 $ 143,666 $ 67,000
Renville, Minnesota 3 $ 164,000 $ 54,666 $ 28,000
St. Louis, Minnesota 3 $ 605,000 $ 201,666 $ 81,000
St. Louis, Missouri 3 $ 668,000 $ 222,666 $ 127,000
Pulaski, Arkansas 2 $ 329,000 $ 164,500 $ 141,000
Fairfield, Connecticut 2 $ 268,000 $ 134,000 $ 28,000
Collier, Florida 2 $ 667,000 $ 333,500 $ 126,000
Cobb, Georgia 2 $ 245,000 $ 122,500 $ 79,000
Hardin, Illinois 2 $ 188,000 $ 94,000 $ 79,000
Perry, Illinois 2 $ 140,000 $ 70,000 $ 121,000
Wayne, Illinois 2 $ 170,000 $ 85,000 $ 74,000
Leavenworth, Kansas 2 $ 399,000 $ 199,500 $ 55,000
McCracken, Kentucky 2 $ 72,000 $ 36,000 $ 71,000
Beauregard, Louisiana 2 $ 247,000 $ 123,500 $ 54,000
Cass, Minnesota 2 $ 380,000 $ 190,000 $ 132,000
Douglas, Minnesota 2 $ 605,000 $ 302,500 $ 136,000
Goodhue, Minnesota 2 $ 370,000 $ 185,000 $ 84,000
Pine, Minnesota 2 $ 424,000 $ 212,000 $ 911,000
Clark, Nevada 2 $ 491,000 $ 245,500 $ 72,000
Erie, New York 2 $ 499,000 $ 249,500 $ 77,000
Otsego, New York 2 $ 225,000 $ 112,500 $ 63,000
Onslow, North Carolina 2 $ 336,000 $ 168,000 $ 70,000
Lucas, Ohio 2 $ 367,000 $ 183,500 $ 133,000
Wood, Ohio 2 $ 241,000 $ 120,500 $ 48,000
Sumter, South Carolina 2 $ 502,000 $ 251,000 $ 79,000
Denton, Texas 2 $ 335,000 $ 167,500 $ 83,000
Tarrant, Texas 2 $ 286,000 $ 143,000 $ 58,000
Thurston, Washington 2 $ 363,000 $ 181,500 $ 66,000
Polk, Wisconsin 2 $ 184,000 $ 92,000 $ 83,000
Dale, Alabama 1 $ 201,000 $ 201,000 $ 88,000
Lee, Alabama 1 $ 183,000 $ 183,000 $ 55,000
Marion, Alabama 1 $ 175,000 $ 175,000 $ 80,000
Pinal, Arizona 1 $ 116,000 $ 116,000 $ 74,000
Clay, Arkansas 1 $ 59,000 $ 59,000 $ 0
Searcy, Arkansas 1 $ 150,000 $ 150,000 $ 36,000
Alameda, California 1 $ 595,000 $ 595,000 $ 66,000
El Dorado, California 1 $ 407,000 $ 407,000 $ 65,000
Riverside, California 1 $ 260,000 $ 260,000 $ 73,000
Hartford, Connecticut 1 $ 258,000 $ 258,000 $ 77,000
New Haven, Connecticut 1 $ 306,000 $ 306,000 $ 127,000
New London, Connecticut 1 $ 162,000 $ 162,000 $ 61,000
Alachua, Florida 1 $ 404,000 $ 404,000 $ 134,000
Duval, Florida 1 $ 124,000 $ 124,000 $ 54,000
Escambia, Florida 1 $ 199,000 $ 199,000 $ 0
Osceola, Florida 1 $ 200,000 $ 200,000 $ 93,000
Pinellas, Florida 1 $ 278,000 $ 278,000 $ 704,000
Clayton, Georgia 1 $ 51,000 $ 51,000 $ 36,000
Effingham, Georgia 1 $ 124,000 $ 124,000 $ 81,000
Fulton, Georgia 1 $ 232,000 $ 232,000 $ 73,000
Gilmer, Georgia 1 $ 160,000 $ 160,000 $ 0
Henry, Georgia 1 $ 118,000 $ 118,000 $ 77,000
Houston, Georgia 1 $ 27,000 $ 27,000 $ 0
Monroe, Georgia 1 $ 100,000 $ 100,000 $ 0
Alexander, Illinois 1 $ 27,000 $ 27,000 $ 71,000
Clinton, Illinois 1 $ 24,000 $ 24,000 $ 129,000
LaSalle, Illinois 1 $ 100,000 $ 100,000 $ 76,000
Randolph, Illinois 1 $ 40,000 $ 40,000 $ 0
Hendricks, Indiana 1 $ 131,000 $ 131,000 $ 46,000
Madison, Indiana 1 $ 140,000 $ 140,000 $ 26,000
Marion, Indiana 1 $ 64,000 $ 64,000 $ 27,000
Parke, Indiana 1 $ 28,000 $ 28,000 $ 30,000
Vigo, Indiana 1 $ 139,000 $ 139,000 $ 82,000
Dallas, Iowa 1 $ 248,000 $ 248,000 $ 105,000
Worth, Iowa 1 $ 160,000 $ 160,000 $ 60,000
Hardin, Kentucky 1 $ 133,000 $ 133,000 $ 50,000
Ascension, Louisiana 1 $ 295,000 $ 295,000 $ 154,000
Caddo, Louisiana 1 $ 230,000 $ 230,000 $ 61,000
Orleans, Louisiana 1 $ 61,000 $ 61,000 $ 64,000
Lincoln, Maine 1 $ 204,000 $ 204,000 $ 63,000
York, Maine 1 $ 151,000 $ 151,000 $ 0
Cecil, Maryland 1 $ 385,000 $ 385,000 $ 134,000
Worcester, Massachusetts 1 $ 179,000 $ 179,000 $ 71,000
Jackson, Michigan 1 $ 177,000 $ 177,000 $ 58,000
Lapeer, Michigan 1 $ 41,000 $ 41,000 $ 32,000
Brown, Minnesota 1 $ 107,000 $ 107,000 $ 42,000
Carlton, Minnesota 1 $ 77,000 $ 77,000 $ 69,000
Chippewa, Minnesota 1 $ 90,000 $ 90,000 $ 60,000
Dodge, Minnesota 1 $ 254,000 $ 254,000 $ 210,000
Faribault, Minnesota 1 $ 137,000 $ 137,000 $ 98,000
Kanabec, Minnesota 1 $ 50,000 $ 50,000 $ 23,000
Koochiching, Minnesota 1 $ 168,000 $ 168,000 $ 102,000
Lyon, Minnesota 1 $ 188,000 $ 188,000 $ 71,000
Mille Lacs, Minnesota 1 $ 85,000 $ 85,000 $ 43,000
Mower, Minnesota 1 $ 70,000 $ 70,000 $ 30,000
Polk, Minnesota 1 $ 115,000 $ 115,000 $ 29,000
Red Lake, Minnesota 1 $ 62,000 $ 62,000 $ 26,000
Roseau, Minnesota 1 $ 55,000 $ 55,000 $ 24,000
Steele, Minnesota 1 $ 185,000 $ 185,000 $ 75,000
Wadena, Minnesota 1 $ 178,000 $ 178,000 $ 41,000
Waseca, Minnesota 1 $ 3,000 $ 3,000 $ 40,000
Jackson, Missouri 1 $ 133,000 $ 133,000 $ 0
Lewis, Missouri 1 $ 194,000 $ 194,000 $ 51,000
Pettis, Missouri 1 $ 95,000 $ 95,000 $ 96,000
Phelps, Missouri 1 $ 88,000 $ 88,000 $ 39,000
Pulaski, Missouri 1 $ 191,000 $ 191,000 $ 77,000
Randolph, Missouri 1 $ 132,000 $ 132,000 $ 0
Douglas, Nevada 1 $ 410,000 $ 410,000 $ 105,000
Lyon, Nevada 1 $ 414,000 $ 414,000 $ 92,000
Carroll, New Hampshire 1 $ 293,000 $ 293,000 $ 105,000
Strafford, New Hampshire 1 $ 317,000 $ 317,000 $ 80,000
Gloucester, New Jersey 1 $ 266,000 $ 266,000 $ 66,000
Bernalillo, New Mexico 1 $ 204,000 $ 204,000 $ 62,000
Herkimer, New York 1 $ 95,000 $ 95,000 $ 25,000
Orange, New York 1 $ 190,000 $ 190,000 $ 75,000
Queens, New York 1 $ 436,000 $ 436,000 $ 68,000
Rockland, New York 1 $ 405,000 $ 405,000 $ 50,000
Steuben, New York 1 $ 185,000 $ 185,000 $ 47,000
Suffolk, New York 1 $ 350,000 $ 350,000 $ 146,000
Ulster, New York 1 $ 10,000 $ 10,000 $ 107,000
Forsyth, North Carolina 1 $ 229,000 $ 229,000 $ 28,000
Harnett, North Carolina 1 $ 466,000 $ 466,000 $ 317,000
Nash, North Carolina 1 $ 135,000 $ 135,000 $ 45,000
Cass, North Dakota 1 $ 371,000 $ 371,000 $ 184,000
Ward, North Dakota 1 $ 229,000 $ 229,000 $ 53,000
Franklin, Ohio 1 $ 396,000 $ 396,000 $ 225,000
Hancock, Ohio 1 $ 475,000 $ 475,000 $ 170,000
Montgomery, Ohio 1 $ 145,000 $ 145,000 $ 80,000
Chester, Pennsylvania 1 $ 250,000 $ 250,000 $ 198,000
Lackawanna, Pennsylvania 1 $ 80,000 $ 80,000 $ 29,000
Philadelphia, Pennsylvania 1 $ 145,000 $ 145,000 $ 29,000
Berkeley, South Carolina 1 $ 174,000 $ 174,000 $ 87,000
Edgefield, South Carolina 1 $ 123,000 $ 123,000 $ 45,000
Hampton, South Carolina 1 $ 245,000 $ 245,000 $ 55,000
Marlboro, South Carolina 1 $ 236,000 $ 236,000 $ 116,000
Marshall, Tennessee 1 $ 90,000 $ 90,000 $ 45,000
Montgomery, Tennessee 1 $ 143,000 $ 143,000 $ 63,000
Shelby, Tennessee 1 $ 58,000 $ 58,000 $ 47,000
Bell, Texas 1 $ 173,000 $ 173,000 $ 54,000
Bexar, Texas 1 $ 83,000 $ 83,000 $ 43,000
Cameron, Texas 1 $ 228,000 $ 228,000 $ 105,000
Coryell, Texas 1 $ 201,000 $ 201,000 $ 72,000
Dallas, Texas 1 $ 214,000 $ 214,000 $ 94,000
Harris, Texas 1 $ 101,000 $ 101,000 $ 29,000
Webb, Texas 1 $ 65,000 $ 65,000 $ 7,000
Chittenden, Vermont 1 $ 304,000 $ 304,000 $ 80,000
Fairfax, Virginia 1 $ 380,000 $ 380,000 $ 134,000
Prince William, Virginia 1 $ 470,000 $ 470,000 $ 186,000
Spotsylvania, Virginia 1 $ 200,000 $ 200,000 $ 40,000
Berkeley, West Virginia 1 $ 85,000 $ 85,000 $ 121,000
Barron, Wisconsin 1 $ 198,000 $ 198,000 $ 221,000
Burnett, Wisconsin 1 $ 417,000 $ 417,000 $ 115,000
Lincoln, Wisconsin 1 $ 277,000 $ 277,000 $ 76,000
Pierce, Wisconsin 1 $ 2,000 $ 2,000 $ 38,000
St. Croix, Wisconsin 1 $ 155,000 $ 155,000 $ 116,000
Trempealeau, Wisconsin 1 $ 102,000 $ 102,000 $ 62,000

Mortgage Loan Application Detail Totals for Midcountry Bank in 2011

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 713 $111,149,000 $155,000 $6,000,000 $63,000 $1,586,000
Refinancing 555 $82,614,000 $148,000 $3,750,000 $80,000 $1,585,000
Home Improvement 54 $4,812,000 $89,000 $369,000 $62,000 $181,000

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 1,008 $146,459,000 $145,000 $3,750,000 $75,000 $1,586,000
Asian 95 $10,582,000 $111,000 $417,000 $62,000 $1,134,000
Black or African American 88 $11,068,000 $125,000 $470,000 $53,000 $186,000
Not Provided 73 $10,566,000 $144,000 $595,000 $65,000 $198,000
Hispanic 35 $4,302,000 $122,000 $436,000 $44,000 $98,000
Not applicable 16 $14,908,000 $931,000 $6,000,000 $0 $0
American Indian or Alaskan Native 7 $690,000 $98,000 $203,000 $44,000 $77,000
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) 658 $100,725,000 $153,000 $6,000,000 $84,000 $1,586,000
FHA-insured (Federal Housing Administration) 558 $81,393,000 $145,000 $407,000 $56,000 $351,000
VA-guaranteed (Veterans Administration) 76 $13,841,000 $182,000 $470,000 $66,000 $317,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 30 $2,616,000 $87,000 $197,000 $32,000 $62,000

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 797 $112,152,000 $140,000 $3,750,000 $71,000 $1,585,000
Application Denied By Financial Institution 280 $37,615,000 $134,000 $480,000 $56,000 $225,000
Application Withdrawn By Applicant 222 $44,784,000 $201,000 $6,000,000 $85,000 $1,586,000
Application Approved But Not Accepted 20 $3,660,000 $183,000 $1,050,000 $65,000 $198,000
File Closed For Incompleteness 3 $364,000 $121,000 $250,000 $83,000 $160,000
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
Credit History 110 $12,474,000 $113,000 $407,000 $49,000 $194,000
Debt-To-Income Ratio 60 $9,269,000 $154,000 $480,000 $50,000 $210,000
Collateral 53 $8,712,000 $164,000 $423,000 $69,000 $225,000
Credit Application Incomplete 24 $3,304,000 $137,000 $369,000 $67,000 $172,000
Other 20 $2,372,000 $118,000 $302,000 $69,000 $181,000
Employment History 8 $1,072,000 $134,000 $229,000 $38,000 $54,000
Insufficient Cash (Downpayment, Closing Cost) 3 $228,000 $76,000 $104,000 $59,000 $98,000
Mortgage Insurance Denied 1 $179,000 $179,000 $179,000 $71,000 $71,000
Unverifiable Information 1 $5,000 $5,000 $5,000 $35,000 $35,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Midcountry Bank's 2011 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 Midcountry 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.

Download the Minnesota Lender List