Minnesota Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Minnesota Bank & Trust of Edina, MN reported 190 mortgage applications totaling $46.5 million, up 1167% from 2011. The average application was for $244,894, and applicants reported an average income of $139,289. 3% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (150), Phoenix-Mesa-Glendale, AZ (3) and Chicago-Joliet-Naperville, IL (2) (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 | 190 |
| Total Mortgage Loan Application Amount | $46,530,000 |
| Average Mortgage Loan Application Amount | $244,894 |
| Highest Mortgage Loan Application Amount | $1,463,000 |
| Average Applicant Income | $139,289 |
| Highest Applicant Income | $1,344,000 |
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(HMDA) records Minnesota Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 150 | $ 35,085,000 | $ 233,900 | $ 135,000 |
| Phoenix-Mesa-Glendale, AZ | 3 | $ 1,916,000 | $ 638,666 | $ 455,000 |
| Chicago-Joliet-Naperville, IL | 2 | $ 628,000 | $ 314,000 | $ 128,000 |
| Des Moines-West Des Moines, IA | 1 | $ 221,000 | $ 221,000 | $ 146,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 88,000 | $ 88,000 | $ 38,000 |
| Fargo, ND-MN | 1 | $ 160,000 | $ 160,000 | $ 62,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 312,000 | $ 312,000 | $ 288,000 |
| La Crosse, WI-MN | 1 | $ 184,000 | $ 184,000 | $ 94,000 |
| Medford, OR | 1 | $ 89,000 | $ 89,000 | $ 70,000 |
| Salt Lake City, UT | 1 | $ 163,000 | $ 163,000 | $ 153,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 588,000 | $ 588,000 | $ 180,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 376,000 | $ 376,000 | $ 144,000 |
| Sioux Falls, SD | 1 | $ 397,000 | $ 397,000 | $ 672,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 398,000 | $ 398,000 | $ 160,000 |
| Wausau, WI | 1 | $ 74,000 | $ 74,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Minnesota Bank & Trust in 2012
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 | 125 | $29,766,000 | $238,000 | $840,000 | $141,000 | $1,344,000 |
| Home Purchase | 65 | $16,764,000 | $257,000 | $1,463,000 | $136,000 | $1,196,000 |
| 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 | 167 | $41,040,000 | $245,000 | $1,463,000 | $142,000 | $1,344,000 |
| Not Provided | 10 | $2,416,000 | $241,000 | $380,000 | $147,000 | $458,000 |
| Asian | 5 | $701,000 | $140,000 | $234,000 | $70,000 | $232,000 |
| Black or African American | 3 | $873,000 | $291,000 | $417,000 | $78,000 | $128,000 |
| Hispanic | 3 | $438,000 | $146,000 | $188,000 | $84,000 | $110,000 |
| American Indian or Alaskan Native | 1 | $162,000 | $162,000 | $162,000 | $432,000 | $432,000 |
| Not applicable | 1 | $900,000 | $900,000 | $900,000 | $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) | 157 | $40,665,000 | $259,000 | $1,463,000 | $154,000 | $1,344,000 |
| FHA-insured (Federal Housing Administration) | 30 | $5,016,000 | $167,000 | $297,000 | $67,000 | $207,000 |
| VA-guaranteed (Veterans Administration) | 3 | $849,000 | $283,000 | $382,000 | $100,000 | $132,000 |
| 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 | 140 | $32,910,000 | $235,000 | $840,000 | $136,000 | $1,344,000 |
| File Closed For Incompleteness | 44 | $10,126,000 | $230,000 | $417,000 | $124,000 | $304,000 |
| Loan Originated | 6 | $3,494,000 | $582,000 | $1,463,000 | $324,000 | $1,196,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 2012 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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