Minnesota Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Minnesota Bank & Trust of Edina, MN reported 104 mortgage applications totaling $29.7 million, down 45% from 2012. The average application was for $285,144, and applicants reported an average income of $209,740. 11% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (86), Cape Coral-Fort Myers, FL (2) and Anderson, SC (1) (applications in parentheses).
| Mortgage Company & Address | Minnesota Bank & Trust 7701 France Ave S Suite 110 Edina, MN 55435 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 104 |
| Total Mortgage Loan Application Amount | $29,655,000 |
| Average Mortgage Loan Application Amount | $285,144 |
| Highest Mortgage Loan Application Amount | $1,650,000 |
| Average Applicant Income | $209,740 |
| Highest Applicant Income | $4,320,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Minnesota Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 51 | $ 14,752,000 | $ 289,254 | $ 220,000 |
| Ramsey, Minnesota | 10 | $ 1,913,000 | $ 191,300 | $ 159,000 |
| Washington, Minnesota | 7 | $ 2,521,000 | $ 360,142 | $ 304,000 |
| Anoka, Minnesota | 6 | $ 1,169,000 | $ 194,833 | $ 93,000 |
| Dakota, Minnesota | 4 | $ 788,000 | $ 197,000 | $ 112,000 |
| Williams, North Dakota | 4 | $ 906,000 | $ 226,500 | $ 78,000 |
| Lee, Florida | 2 | $ 332,000 | $ 166,000 | $ 113,000 |
| Carver, Minnesota | 2 | $ 973,000 | $ 486,500 | $ 229,000 |
| Sherburne, Minnesota | 2 | $ 347,000 | $ 173,500 | $ 43,000 |
| Wright, Minnesota | 2 | $ 444,000 | $ 222,000 | $ 106,000 |
| St. Croix, Wisconsin | 2 | $ 496,000 | $ 248,000 | $ 145,000 |
| Monterey, California | 1 | $ 1,620,000 | $ 1,620,000 | $ 1,973,000 |
| Santa Cruz, California | 1 | $ 1,650,000 | $ 1,650,000 | $ 708,000 |
| Hillsborough, Florida | 1 | $ 72,000 | $ 72,000 | $ 81,000 |
| Cook, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 135,000 |
| Nobles, Minnesota | 1 | $ 100,000 | $ 100,000 | $ 60,000 |
| McKenzie, North Dakota | 1 | $ 267,000 | $ 267,000 | $ 180,000 |
| Renville, North Dakota | 1 | $ 108,000 | $ 108,000 | $ 39,000 |
| Luzerne, Pennsylvania | 1 | $ 219,000 | $ 219,000 | $ 768,000 |
| Anderson, South Carolina | 1 | $ 109,000 | $ 109,000 | $ 48,000 |
| Burnett, Wisconsin | 1 | $ 301,000 | $ 301,000 | $ 164,000 |
| Dunn, Wisconsin | 1 | $ 157,000 | $ 157,000 | $ 51,000 |
| La Crosse, Wisconsin | 1 | $ 166,000 | $ 166,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Minnesota Bank & Trust in 2013
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 |
|---|---|---|---|---|---|---|
| Refinancing | 61 | $16,658,000 | $273,000 | $840,000 | $230,000 | $4,320,000 |
| Home Purchase | 43 | $12,997,000 | $302,000 | $1,650,000 | $181,000 | $1,973,000 |
| Home Improvement | 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 | 89 | $25,793,000 | $289,000 | $1,650,000 | $221,000 | $4,320,000 |
| Not applicable | 4 | $872,000 | $218,000 | $525,000 | $0 | $0 |
| Not Provided | 3 | $813,000 | $271,000 | $417,000 | $90,000 | $142,000 |
| Asian | 3 | $500,000 | $166,000 | $206,000 | $119,000 | $214,000 |
| Hispanic | 3 | $1,220,000 | $406,000 | $675,000 | $465,000 | $960,000 |
| Black or African American | 2 | $457,000 | $228,000 | $240,000 | $58,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 88 | $26,459,000 | $300,000 | $1,650,000 | $234,000 | $4,320,000 |
| FHA-insured (Federal Housing Administration) | 13 | $2,398,000 | $184,000 | $267,000 | $72,000 | $180,000 |
| VA-guaranteed (Veterans Administration) | 3 | $798,000 | $266,000 | $387,000 | $98,000 | $146,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 65 | $15,994,000 | $246,000 | $1,650,000 | $191,000 | $4,320,000 |
| File Closed For Incompleteness | 26 | $8,196,000 | $315,000 | $980,000 | $180,000 | $542,000 |
| Loan Originated | 11 | $4,310,000 | $391,000 | $1,620,000 | $341,000 | $1,973,000 |
| Application Denied By Financial Institution | 2 | $1,155,000 | $577,000 | $675,000 | $480,000 | $960,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Minnesota Bank & Trust's 2013 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 Minnesota Bank & Trust'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.
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