Midcountry Bank Mortgage Lending & HMDA Data, 2014

In 2014, Midcountry Bank of Bloomington, MN reported 1,080 mortgage applications totaling $179.4 million, down 20% from 2013. The average application was for $166,145, and applicants reported an average income of $74,224. 70% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (659), Carbondale-Marion, IL (57) and St. Cloud, MN (23) (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 1,080
Total Mortgage Loan Application Amount $179,437,000
Average Mortgage Loan Application Amount $166,145
Highest Mortgage Loan Application Amount $11,300,000
Average Applicant Income $74,224
Highest Applicant Income $1,498,000

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Act (HMDA) records Midcountry Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hennepin, Minnesota 173 $ 29,394,000 $ 169,907 $ 78,000
Dakota, Minnesota 119 $ 16,674,000 $ 140,117 $ 68,000
Ramsey, Minnesota 117 $ 28,186,000 $ 240,905 $ 64,000
Washington, Minnesota 72 $ 14,710,000 $ 204,305 $ 87,000
Anoka, Minnesota 58 $ 7,812,000 $ 134,689 $ 58,000
Williamson, Illinois 39 $ 3,197,000 $ 81,974 $ 54,000
Franklin, Illinois 36 $ 3,408,000 $ 94,666 $ 41,000
McLeod, Minnesota 28 $ 2,250,000 $ 80,357 $ 67,000
Wright, Minnesota 27 $ 4,177,000 $ 154,703 $ 71,000
Meeker, Minnesota 21 $ 2,943,000 $ 140,142 $ 54,000
Carver, Minnesota 20 $ 3,860,000 $ 193,000 $ 105,000
Jackson, Illinois 18 $ 1,760,000 $ 97,777 $ 39,000
Stearns, Minnesota 17 $ 2,015,000 $ 118,529 $ 63,000
Crow Wing, Minnesota 15 $ 1,894,000 $ 126,266 $ 99,000
Jefferson, Illinois 14 $ 3,936,000 $ 281,142 $ 55,000
Scott, Minnesota 14 $ 3,437,000 $ 245,500 $ 93,000
Sherburne, Minnesota 14 $ 2,335,000 $ 166,785 $ 70,000
Union, Illinois 12 $ 735,000 $ 61,250 $ 49,000
Kandiyohi, Minnesota 12 $ 2,270,000 $ 189,166 $ 67,000
Sibley, Minnesota 12 $ 899,000 $ 74,916 $ 42,000
Chisago, Minnesota 10 $ 2,198,000 $ 219,800 $ 89,000
Olmsted, Minnesota 9 $ 958,000 $ 106,444 $ 93,000
St. Croix, Wisconsin 8 $ 1,552,000 $ 194,000 $ 129,000
Pierce, Wisconsin 7 $ 1,079,000 $ 154,142 $ 74,000
Pulaski, Illinois 6 $ 162,000 $ 27,000 $ 37,000
Beltrami, Minnesota 6 $ 714,000 $ 119,000 $ 75,000
Benton, Minnesota 6 $ 769,000 $ 128,166 $ 68,000
Duval, Florida 4 $ 632,000 $ 158,000 $ 71,000
Massac, Illinois 4 $ 166,000 $ 41,500 $ 45,000
Goodhue, Minnesota 4 $ 390,000 $ 97,500 $ 59,000
Isanti, Minnesota 4 $ 586,000 $ 146,500 $ 59,000
Kanabec, Minnesota 4 $ 481,000 $ 120,250 $ 133,000
St. Louis, Minnesota 4 $ 522,000 $ 130,500 $ 70,000
Burnett, Wisconsin 4 $ 644,000 $ 161,000 $ 125,000
Lee, Florida 3 $ 583,000 $ 194,333 $ 173,000
Palm Beach, Florida 3 $ 1,702,000 $ 567,333 $ 420,000
Saline, Illinois 3 $ 186,000 $ 62,000 $ 36,000
Aitkin, Minnesota 3 $ 482,000 $ 160,666 $ 85,000
Mille Lacs, Minnesota 3 $ 297,000 $ 99,000 $ 84,000
Miami-Dade, Florida 2 $ 256,000 $ 128,000 $ 274,000
Scott, Iowa 2 $ 493,000 $ 246,500 $ 132,000
Middlesex, Massachusetts 2 $ 462,000 $ 231,000 $ 73,000
Dodge, Minnesota 2 $ 78,000 $ 39,000 $ 17,000
Douglas, Minnesota 2 $ 379,000 $ 189,500 $ 87,000
Renville, Minnesota 2 $ 47,000 $ 23,500 $ 31,000
Rice, Minnesota 2 $ 465,000 $ 232,500 $ 88,000
Yellow Medicine, Minnesota 2 $ 260,000 $ 130,000 $ 49,000
Clark, Nevada 2 $ 483,000 $ 241,500 $ 805,000
Hillsborough, New Hampshire 2 $ 175,000 $ 87,500 $ 41,000
Pitt, North Carolina 2 $ 402,000 $ 201,000 $ 83,000
Cuyahoga, Ohio 2 $ 100,000 $ 50,000 $ 16,000
Harris, Texas 2 $ 379,000 $ 189,500 $ 107,000
McLennan, Texas 2 $ 365,000 $ 182,500 $ 80,000
Douglas, Wisconsin 2 $ 256,000 $ 128,000 $ 86,000
Autauga, Alabama 1 $ 186,000 $ 186,000 $ 86,000
Calhoun, Alabama 1 $ 87,000 $ 87,000 $ 49,000
Jefferson, Alabama 1 $ 189,000 $ 189,000 $ 82,000
Limestone, Alabama 1 $ 185,000 $ 185,000 $ 65,000
Pike, Alabama 1 $ 200,000 $ 200,000 $ 63,000
St. Clair, Alabama 1 $ 261,000 $ 261,000 $ 94,000
Matanuska-Susitna, Alaska 1 $ 281,000 $ 281,000 $ 74,000
Maricopa, Arizona 1 $ 327,000 $ 327,000 $ 153,000
Miller, Arkansas 1 $ 108,000 $ 108,000 $ 40,000
Pulaski, Arkansas 1 $ 191,000 $ 191,000 $ 103,000
Butte, California 1 $ 188,000 $ 188,000 $ 60,000
Los Angeles, California 1 $ 400,000 $ 400,000 $ 76,000
Madera, California 1 $ 31,000 $ 31,000 $ 113,000
San Diego, California 1 $ 287,000 $ 287,000 $ 118,000
Denver, Colorado 1 $ 76,000 $ 76,000 $ 13,000
Las Animas, Colorado 1 $ 54,000 $ 54,000 $ 42,000
Summit, Colorado 1 $ 6,000,000 $ 6,000,000 $ 0
Highlands, Florida 1 $ 112,000 $ 112,000 $ 0
Lake, Florida 1 $ 118,000 $ 118,000 $ 43,000
Osceola, Florida 1 $ 50,000 $ 50,000 $ 34,000
Pasco, Florida 1 $ 368,000 $ 368,000 $ 55,000
Pinellas, Florida 1 $ 136,000 $ 136,000 $ 39,000
Polk, Florida 1 $ 126,000 $ 126,000 $ 25,000
Carroll, Georgia 1 $ 67,000 $ 67,000 $ 0
Clayton, Georgia 1 $ 30,000 $ 30,000 $ 23,000
Alexander, Illinois 1 $ 5,000 $ 5,000 $ 8,000
Hamilton, Illinois 1 $ 111,000 $ 111,000 $ 95,000
Johnson, Illinois 1 $ 37,000 $ 37,000 $ 23,000
Kane, Illinois 1 $ 280,000 $ 280,000 $ 36,000
Perry, Illinois 1 $ 82,000 $ 82,000 $ 42,000
Randolph, Illinois 1 $ 48,000 $ 48,000 $ 25,000
St. Clair, Illinois 1 $ 96,000 $ 96,000 $ 103,000
Will, Illinois 1 $ 417,000 $ 417,000 $ 252,000
Winnebago, Illinois 1 $ 60,000 $ 60,000 $ 110,000
Allen, Indiana 1 $ 64,000 $ 64,000 $ 15,000
Hancock, Indiana 1 $ 34,000 $ 34,000 $ 14,000
Hendricks, Indiana 1 $ 136,000 $ 136,000 $ 67,000
Randolph, Indiana 1 $ 55,000 $ 55,000 $ 18,000
Tippecanoe, Indiana 1 $ 50,000 $ 50,000 $ 43,000
Vermillion, Indiana 1 $ 49,000 $ 49,000 $ 61,000
Dickinson, Iowa 1 $ 271,000 $ 271,000 $ 206,000
Poweshiek, Iowa 1 $ 320,000 $ 320,000 $ 149,000
Story, Iowa 1 $ 210,000 $ 210,000 $ 92,000
Johnson, Kansas 1 $ 69,000 $ 69,000 $ 39,000
Riley, Kansas 1 $ 258,000 $ 258,000 $ 110,000
Carlisle, Kentucky 1 $ 176,000 $ 176,000 $ 79,000
Hardin, Kentucky 1 $ 142,000 $ 142,000 $ 53,000
Madison, Kentucky 1 $ 116,000 $ 116,000 $ 50,000
Whitley, Kentucky 1 $ 158,000 $ 158,000 $ 87,000
Baltimore City, Maryland 1 $ 199,000 $ 199,000 $ 54,000
Calvert, Maryland 1 $ 281,000 $ 281,000 $ 81,000
Howard, Maryland 1 $ 280,000 $ 280,000 $ 165,000
Barnstable, Massachusetts 1 $ 352,000 $ 352,000 $ 145,000
Norfolk, Massachusetts 1 $ 1,050,000 $ 1,050,000 $ 283,000
Suffolk, Massachusetts 1 $ 333,000 $ 333,000 $ 91,000
Bay, Michigan 1 $ 66,000 $ 66,000 $ 45,000
Ionia, Michigan 1 $ 83,000 $ 83,000 $ 34,000
Livingston, Michigan 1 $ 222,000 $ 222,000 $ 63,000
Macomb, Michigan 1 $ 346,000 $ 346,000 $ 117,000
Blue Earth, Minnesota 1 $ 122,000 $ 122,000 $ 41,000
Brown, Minnesota 1 $ 94,000 $ 94,000 $ 31,000
Cass, Minnesota 1 $ 290,000 $ 290,000 $ 86,000
Chippewa, Minnesota 1 $ 123,000 $ 123,000 $ 32,000
Hubbard, Minnesota 1 $ 70,000 $ 70,000 $ 107,000
Lake of the Woods, Minnesota 1 $ 73,000 $ 73,000 $ 33,000
Le Sueur, Minnesota 1 $ 217,000 $ 217,000 $ 74,000
Nicollet, Minnesota 1 $ 137,000 $ 137,000 $ 68,000
Otter Tail, Minnesota 1 $ 150,000 $ 150,000 $ 60,000
Pine, Minnesota 1 $ 132,000 $ 132,000 $ 116,000
Clay, Missouri 1 $ 64,000 $ 64,000 $ 24,000
Jackson, Missouri 1 $ 60,000 $ 60,000 $ 82,000
St. Charles, Missouri 1 $ 114,000 $ 114,000 $ 39,000
St. Louis, Missouri 1 $ 344,000 $ 344,000 $ 168,000
Dawson, Nebraska 1 $ 243,000 $ 243,000 $ 66,000
Dixon, Nebraska 1 $ 67,000 $ 67,000 $ 50,000
Lancaster, Nebraska 1 $ 182,000 $ 182,000 $ 47,000
Carson City, Nevada 1 $ 85,000 $ 85,000 $ 21,000
Middlesex, New Jersey 1 $ 60,000 $ 60,000 $ 110,000
Bernalillo, New Mexico 1 $ 70,000 $ 70,000 $ 32,000
Madison, New York 1 $ 120,000 $ 120,000 $ 43,000
Suffolk, New York 1 $ 55,000 $ 55,000 $ 79,000
Tioga, New York 1 $ 85,000 $ 85,000 $ 37,000
Ulster, New York 1 $ 317,000 $ 317,000 $ 78,000
Westchester, New York 1 $ 255,000 $ 255,000 $ 73,000
Greene, North Carolina 1 $ 89,000 $ 89,000 $ 41,000
New Hanover, North Carolina 1 $ 250,000 $ 250,000 $ 92,000
Burleigh, North Dakota 1 $ 322,000 $ 322,000 $ 111,000
Ramsey, North Dakota 1 $ 133,000 $ 133,000 $ 71,000
Clermont, Ohio 1 $ 85,000 $ 85,000 $ 48,000
Franklin, Ohio 1 $ 56,000 $ 56,000 $ 57,000
Hamilton, Ohio 1 $ 76,000 $ 76,000 $ 70,000
Mahoning, Ohio 1 $ 56,000 $ 56,000 $ 51,000
Stark, Ohio 1 $ 64,000 $ 64,000 $ 57,000
Kiowa, Oklahoma 1 $ 51,000 $ 51,000 $ 65,000
McCurtain, Oklahoma 1 $ 10,000 $ 10,000 $ 44,000
Washington, Oregon 1 $ 344,000 $ 344,000 $ 107,000
Cambria, Pennsylvania 1 $ 223,000 $ 223,000 $ 90,000
Anderson, South Carolina 1 $ 58,000 $ 58,000 $ 45,000
Richland, South Carolina 1 $ 180,000 $ 180,000 $ 70,000
Spartanburg, South Carolina 1 $ 136,000 $ 136,000 $ 43,000
York, South Carolina 1 $ 141,000 $ 141,000 $ 75,000
Davidson, Tennessee 1 $ 161,000 $ 161,000 $ 150,000
Rutherford, Tennessee 1 $ 154,000 $ 154,000 $ 0
Sumner, Tennessee 1 $ 80,000 $ 80,000 $ 21,000
Bee, Texas 1 $ 50,000 $ 50,000 $ 42,000
Dallas, Texas 1 $ 185,000 $ 185,000 $ 116,000
Parker, Texas 1 $ 150,000 $ 150,000 $ 56,000
Potter, Texas 1 $ 120,000 $ 120,000 $ 18,000
Tarrant, Texas 1 $ 155,000 $ 155,000 $ 136,000
Weber, Utah 1 $ 299,000 $ 299,000 $ 1,024,000
Fayette, West Virginia 1 $ 54,000 $ 54,000 $ 41,000
Mercer, West Virginia 1 $ 47,000 $ 47,000 $ 30,000
Monongalia, West Virginia 1 $ 153,000 $ 153,000 $ 545,000
Barron, Wisconsin 1 $ 206,000 $ 206,000 $ 81,000
Dane, Wisconsin 1 $ 188,000 $ 188,000 $ 60,000
Iron, Wisconsin 1 $ 158,000 $ 158,000 $ 164,000
Ozaukee, Wisconsin 1 $ 365,000 $ 365,000 $ 156,000

Mortgage Loan Application Detail Totals for Midcountry Bank in 2014

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 760 $118,766,000 $156,000 $11,300,000 $71,000 $1,024,000
Refinancing 257 $55,571,000 $216,000 $6,000,000 $87,000 $1,498,000
Home Improvement 63 $5,100,000 $80,000 $1,877,000 $61,000 $162,000

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 825 $121,015,000 $146,000 $2,720,000 $76,000 $1,498,000
Black or African American 80 $10,565,000 $132,000 $378,000 $59,000 $519,000
Not Provided 59 $8,305,000 $140,000 $985,000 $88,000 $444,000
Asian 57 $9,366,000 $164,000 $1,050,000 $79,000 $551,000
Hispanic 31 $3,725,000 $120,000 $368,000 $70,000 $486,000
Not applicable 16 $24,912,000 $1,557,000 $11,300,000 $0 $0
American Indian or Alaskan Native 10 $1,308,000 $130,000 $190,000 $54,000 $116,000
Native Hawaiian or Other Pacific Islander 2 $241,000 $120,000 $134,000 $32,000 $40,000

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) 743 $127,296,000 $171,000 $11,300,000 $79,000 $1,498,000
FHA-insured (Federal Housing Administration) 175 $26,632,000 $152,000 $344,000 $65,000 $519,000
VA-guaranteed (Veterans Administration) 102 $18,002,000 $176,000 $417,000 $73,000 $1,024,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 60 $7,507,000 $125,000 $332,000 $44,000 $89,000

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 756 $132,902,000 $175,000 $11,300,000 $72,000 $669,000
Application Denied By Financial Institution 184 $25,364,000 $137,000 $1,000,000 $78,000 $1,498,000
Application Withdrawn By Applicant 117 $17,230,000 $147,000 $536,000 $76,000 $545,000
File Closed For Incompleteness 15 $2,243,000 $149,000 $400,000 $80,000 $444,000
Application Approved But Not Accepted 7 $1,117,000 $159,000 $325,000 $181,000 $786,000
Loan Purchased By The Institution 1 $581,000 $581,000 $581,000 $229,000 $229,000
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 73 $11,323,000 $155,000 $1,000,000 $91,000 $1,024,000
Debt-To-Income Ratio 50 $6,040,000 $120,000 $417,000 $43,000 $130,000
Collateral 20 $2,911,000 $145,000 $417,000 $89,000 $300,000
Other 20 $1,619,000 $80,000 $196,000 $131,000 $1,498,000
Credit Application Incomplete 14 $2,190,000 $156,000 $417,000 $67,000 $125,000
Insufficient Cash (Downpayment, Closing Cost) 3 $735,000 $245,000 $558,000 $24,000 $73,000
Unverifiable Information 2 $267,000 $133,000 $182,000 $46,000 $56,000
Employment History 2 $279,000 $139,000 $142,000 $50,000 $53,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Midcountry Bank's 2014 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.
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