Midcountry Bank Mortgage Lending & HMDA Data, 2016
In 2016, Midcountry Bank of Bloomington, MN reported 1,192 mortgage applications totaling $206.1 million, down 12% from 2015. The average application was for $172,911, and applicants reported an average income of $75,422. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (793), Carbondale-Marion, IL (74) and St. Cloud, MN (29) (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 | 1,192 |
| Total Mortgage Loan Application Amount | $206,111,000 |
| Average Mortgage Loan Application Amount | $172,911 |
| Highest Mortgage Loan Application Amount | $7,000,000 |
| Average Applicant Income | $75,422 |
| Highest Applicant Income | $1,972,000 |
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Act (HMDA) records Midcountry Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hennepin, Minnesota | 215 | $ 41,286,000 | $ 192,027 | $ 82,000 |
| Dakota, Minnesota | 145 | $ 24,730,000 | $ 170,551 | $ 78,000 |
| Ramsey, Minnesota | 119 | $ 20,965,000 | $ 176,176 | $ 73,000 |
| Washington, Minnesota | 102 | $ 21,268,000 | $ 208,509 | $ 91,000 |
| Williamson, Illinois | 54 | $ 4,905,000 | $ 90,833 | $ 51,000 |
| Wright, Minnesota | 54 | $ 10,590,000 | $ 196,111 | $ 73,000 |
| Anoka, Minnesota | 53 | $ 10,497,000 | $ 198,056 | $ 68,000 |
| McLeod, Minnesota | 46 | $ 5,255,000 | $ 114,239 | $ 67,000 |
| Franklin, Illinois | 31 | $ 1,898,000 | $ 61,225 | $ 45,000 |
| Scott, Minnesota | 30 | $ 4,563,000 | $ 152,100 | $ 77,000 |
| Carver, Minnesota | 26 | $ 4,691,000 | $ 180,423 | $ 61,000 |
| Stearns, Minnesota | 26 | $ 3,553,000 | $ 136,653 | $ 59,000 |
| Crow Wing, Minnesota | 24 | $ 4,151,000 | $ 172,958 | $ 68,000 |
| Meeker, Minnesota | 24 | $ 2,150,000 | $ 89,583 | $ 49,000 |
| Jackson, Illinois | 20 | $ 2,242,000 | $ 112,100 | $ 145,000 |
| Sibley, Minnesota | 12 | $ 1,329,000 | $ 110,750 | $ 64,000 |
| Sherburne, Minnesota | 11 | $ 1,898,000 | $ 172,545 | $ 70,000 |
| Chisago, Minnesota | 10 | $ 1,975,000 | $ 197,500 | $ 70,000 |
| Olmsted, Minnesota | 10 | $ 1,173,000 | $ 117,300 | $ 48,000 |
| Union, Illinois | 8 | $ 753,000 | $ 94,125 | $ 61,000 |
| Johnson, Illinois | 7 | $ 354,000 | $ 50,571 | $ 34,000 |
| Massac, Illinois | 7 | $ 377,000 | $ 53,857 | $ 36,000 |
| Pulaski, Illinois | 6 | $ 318,000 | $ 53,000 | $ 34,000 |
| Beltrami, Minnesota | 6 | $ 1,189,000 | $ 198,166 | $ 93,000 |
| Pine, Minnesota | 6 | $ 693,000 | $ 115,500 | $ 43,000 |
| Renville, Minnesota | 6 | $ 282,000 | $ 47,000 | $ 39,000 |
| Rice, Minnesota | 6 | $ 1,074,000 | $ 179,000 | $ 36,000 |
| St. Croix, Wisconsin | 6 | $ 1,320,000 | $ 220,000 | $ 74,000 |
| Clay, Minnesota | 5 | $ 486,000 | $ 97,200 | $ 206,000 |
| Clark, Nevada | 4 | $ 774,000 | $ 193,500 | $ 62,000 |
| Jefferson, Illinois | 3 | $ 422,000 | $ 140,666 | $ 74,000 |
| Benton, Minnesota | 3 | $ 657,000 | $ 219,000 | $ 0 |
| Cass, Minnesota | 3 | $ 627,000 | $ 209,000 | $ 118,000 |
| Mille Lacs, Minnesota | 3 | $ 435,000 | $ 145,000 | $ 71,000 |
| Pierce, Wisconsin | 3 | $ 847,000 | $ 282,333 | $ 303,000 |
| Polk, Wisconsin | 3 | $ 288,000 | $ 96,000 | $ 50,000 |
| Perry, Illinois | 2 | $ 110,000 | $ 55,000 | $ 38,000 |
| Douglas, Minnesota | 2 | $ 347,000 | $ 173,500 | $ 52,000 |
| Isanti, Minnesota | 2 | $ 427,000 | $ 213,500 | $ 44,000 |
| Jackson, Minnesota | 2 | $ 3,218,000 | $ 1,609,000 | $ 0 |
| Kanabec, Minnesota | 2 | $ 92,000 | $ 46,000 | $ 44,000 |
| Le Sueur, Minnesota | 2 | $ 303,000 | $ 151,500 | $ 33,000 |
| Morrison, Minnesota | 2 | $ 755,000 | $ 377,500 | $ 225,000 |
| Nicollet, Minnesota | 2 | $ 922,000 | $ 461,000 | $ 40,000 |
| Todd, Minnesota | 2 | $ 311,000 | $ 155,500 | $ 60,000 |
| Vernon, Wisconsin | 2 | $ 501,000 | $ 250,500 | $ 81,000 |
| Mobile, Alabama | 1 | $ 103,000 | $ 103,000 | $ 50,000 |
| Mohave, Arizona | 1 | $ 117,000 | $ 117,000 | $ 49,000 |
| Benton, Arkansas | 1 | $ 130,000 | $ 130,000 | $ 55,000 |
| Crittenden, Arkansas | 1 | $ 221,000 | $ 221,000 | $ 76,000 |
| Pulaski, Arkansas | 1 | $ 181,000 | $ 181,000 | $ 598,000 |
| Los Angeles, California | 1 | $ 403,000 | $ 403,000 | $ 71,000 |
| Santa Barbara, California | 1 | $ 375,000 | $ 375,000 | $ 99,000 |
| Ventura, California | 1 | $ 362,000 | $ 362,000 | $ 56,000 |
| Yuba, California | 1 | $ 160,000 | $ 160,000 | $ 37,000 |
| El Paso, Colorado | 1 | $ 269,000 | $ 269,000 | $ 74,000 |
| Larimer, Colorado | 1 | $ 103,000 | $ 103,000 | $ 28,000 |
| Clay, Florida | 1 | $ 210,000 | $ 210,000 | $ 76,000 |
| Collier, Florida | 1 | $ 234,000 | $ 234,000 | $ 267,000 |
| Duval, Florida | 1 | $ 155,000 | $ 155,000 | $ 48,000 |
| Escambia, Florida | 1 | $ 237,000 | $ 237,000 | $ 48,000 |
| Hillsborough, Florida | 1 | $ 465,000 | $ 465,000 | $ 130,000 |
| Pasco, Florida | 1 | $ 181,000 | $ 181,000 | $ 50,000 |
| Polk, Florida | 1 | $ 144,000 | $ 144,000 | $ 31,000 |
| Franklin, Georgia | 1 | $ 52,000 | $ 52,000 | $ 108,000 |
| Richmond, Georgia | 1 | $ 46,000 | $ 46,000 | $ 15,000 |
| Alexander, Illinois | 1 | $ 12,000 | $ 12,000 | $ 24,000 |
| Hamilton, Illinois | 1 | $ 34,000 | $ 34,000 | $ 34,000 |
| Lake, Illinois | 1 | $ 232,000 | $ 232,000 | $ 29,000 |
| McLean, Illinois | 1 | $ 209,000 | $ 209,000 | $ 180,000 |
| Saline, Illinois | 1 | $ 95,000 | $ 95,000 | $ 52,000 |
| Tazewell, Illinois | 1 | $ 242,000 | $ 242,000 | $ 99,000 |
| Wayne, Illinois | 1 | $ 275,000 | $ 275,000 | $ 77,000 |
| Parke, Indiana | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Vigo, Indiana | 1 | $ 90,000 | $ 90,000 | $ 36,000 |
| Dickinson, Iowa | 1 | $ 100,000 | $ 100,000 | $ 186,000 |
| Floyd, Iowa | 1 | $ 120,000 | $ 120,000 | $ 73,000 |
| Franklin, Iowa | 1 | $ 52,000 | $ 52,000 | $ 82,000 |
| Clark, Kentucky | 1 | $ 25,000 | $ 25,000 | $ 80,000 |
| Caddo, Louisiana | 1 | $ 102,000 | $ 102,000 | $ 42,000 |
| Lafayette, Louisiana | 1 | $ 227,000 | $ 227,000 | $ 76,000 |
| Carroll, Maryland | 1 | $ 186,000 | $ 186,000 | $ 200,000 |
| Middlesex, Massachusetts | 1 | $ 143,000 | $ 143,000 | $ 33,000 |
| Suffolk, Massachusetts | 1 | $ 335,000 | $ 335,000 | $ 517,000 |
| Wayne, Michigan | 1 | $ 31,000 | $ 31,000 | $ 36,000 |
| Blue Earth, Minnesota | 1 | $ 154,000 | $ 154,000 | $ 41,000 |
| Clearwater, Minnesota | 1 | $ 109,000 | $ 109,000 | $ 53,000 |
| Freeborn, Minnesota | 1 | $ 63,000 | $ 63,000 | $ 17,000 |
| Goodhue, Minnesota | 1 | $ 133,000 | $ 133,000 | $ 35,000 |
| Hubbard, Minnesota | 1 | $ 176,000 | $ 176,000 | $ 83,000 |
| Kandiyohi, Minnesota | 1 | $ 92,000 | $ 92,000 | $ 53,000 |
| Nobles, Minnesota | 1 | $ 51,000 | $ 51,000 | $ 85,000 |
| Adams, Mississippi | 1 | $ 80,000 | $ 80,000 | $ 41,000 |
| Clay, Missouri | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Merrimack, New Hampshire | 1 | $ 258,000 | $ 258,000 | $ 60,000 |
| Cumberland, New Jersey | 1 | $ 137,000 | $ 137,000 | $ 22,000 |
| Niagara, New York | 1 | $ 73,000 | $ 73,000 | $ 116,000 |
| Carteret, North Carolina | 1 | $ 100,000 | $ 100,000 | $ 52,000 |
| Cumberland, North Carolina | 1 | $ 131,000 | $ 131,000 | $ 73,000 |
| Onslow, North Carolina | 1 | $ 134,000 | $ 134,000 | $ 67,000 |
| Pitt, North Carolina | 1 | $ 210,000 | $ 210,000 | $ 68,000 |
| Cass, North Dakota | 1 | $ 7,000,000 | $ 7,000,000 | $ 0 |
| Summit, Ohio | 1 | $ 72,000 | $ 72,000 | $ 111,000 |
| Garfield, Oklahoma | 1 | $ 195,000 | $ 195,000 | $ 48,000 |
| Bedford, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Dauphin, Pennsylvania | 1 | $ 172,000 | $ 172,000 | $ 118,000 |
| Oconee, South Carolina | 1 | $ 122,000 | $ 122,000 | $ 57,000 |
| Gibson, Tennessee | 1 | $ 64,000 | $ 64,000 | $ 14,000 |
| Henderson, Tennessee | 1 | $ 126,000 | $ 126,000 | $ 30,000 |
| Knox, Tennessee | 1 | $ 58,000 | $ 58,000 | $ 41,000 |
| Bexar, Texas | 1 | $ 77,000 | $ 77,000 | $ 36,000 |
| El Paso, Texas | 1 | $ 140,000 | $ 140,000 | $ 120,000 |
| Galveston, Texas | 1 | $ 258,000 | $ 258,000 | $ 61,000 |
| Summit, Utah | 1 | $ 650,000 | $ 650,000 | $ 264,000 |
| Accomack, Virginia | 1 | $ 83,000 | $ 83,000 | $ 23,000 |
| Chesapeake, Virginia | 1 | $ 135,000 | $ 135,000 | $ 113,000 |
| York, Virginia | 1 | $ 175,000 | $ 175,000 | $ 98,000 |
| Island, Washington | 1 | $ 145,000 | $ 145,000 | $ 50,000 |
| Ashland, Wisconsin | 1 | $ 337,000 | $ 337,000 | $ 960,000 |
| Bayfield, Wisconsin | 1 | $ 149,000 | $ 149,000 | $ 108,000 |
| Burnett, Wisconsin | 1 | $ 144,000 | $ 144,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Midcountry Bank in 2016
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 | 838 | $127,758,000 | $152,000 | $2,220,000 | $70,000 | $1,972,000 |
| Refinancing | 326 | $74,642,000 | $228,000 | $7,000,000 | $90,000 | $960,000 |
| Home Improvement | 28 | $3,711,000 | $132,000 | $561,000 | $68,000 | $167,000 |
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 | 960 | $150,679,000 | $156,000 | $1,499,000 | $79,000 | $1,972,000 |
| Black or African American | 72 | $9,350,000 | $129,000 | $346,000 | $62,000 | $598,000 |
| Not Provided | 45 | $7,127,000 | $158,000 | $895,000 | $82,000 | $529,000 |
| Hispanic | 41 | $5,833,000 | $142,000 | $465,000 | $56,000 | $184,000 |
| Asian | 39 | $5,885,000 | $150,000 | $417,000 | $77,000 | $306,000 |
| Not applicable | 27 | $26,179,000 | $969,000 | $7,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 7 | $819,000 | $117,000 | $210,000 | $57,000 | $111,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $239,000 | $239,000 | $239,000 | $110,000 | $110,000 |
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) | 806 | $145,811,000 | $180,000 | $7,000,000 | $83,000 | $1,972,000 |
| FHA-insured (Federal Housing Administration) | 248 | $38,176,000 | $153,000 | $331,000 | $58,000 | $177,000 |
| VA-guaranteed (Veterans Administration) | 86 | $16,417,000 | $190,000 | $650,000 | $72,000 | $598,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 52 | $5,707,000 | $109,000 | $350,000 | $44,000 | $168,000 |
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 | 878 | $151,329,000 | $172,000 | $7,000,000 | $73,000 | $770,000 |
| Application Denied By Financial Institution | 166 | $25,192,000 | $151,000 | $1,553,000 | $74,000 | $1,972,000 |
| Application Withdrawn By Applicant | 122 | $20,218,000 | $165,000 | $896,000 | $90,000 | $960,000 |
| File Closed For Incompleteness | 16 | $2,655,000 | $165,000 | $417,000 | $101,000 | $595,000 |
| Application Approved But Not Accepted | 10 | $6,717,000 | $671,000 | $2,720,000 | $60,000 | $344,000 |
| 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 | 87 | $12,169,000 | $139,000 | $1,499,000 | $83,000 | $1,972,000 |
| Debt-To-Income Ratio | 36 | $7,099,000 | $197,000 | $1,553,000 | $39,000 | $130,000 |
| Credit Application Incomplete | 17 | $2,641,000 | $155,000 | $335,000 | $99,000 | $517,000 |
| Collateral | 13 | $1,825,000 | $140,000 | $385,000 | $70,000 | $167,000 |
| Other | 8 | $572,000 | $71,000 | $280,000 | $72,000 | $114,000 |
| Employment History | 3 | $536,000 | $178,000 | $353,000 | $76,000 | $174,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $95,000 | $95,000 | $95,000 | $99,000 | $99,000 |
| Unverifiable Information | 1 | $255,000 | $255,000 | $255,000 | $150,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midcountry Bank's 2016 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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