Northwest Bank Mortgage Lending & HMDA Data, 2011
In 2011, Northwest Bank of Spencer, IA reported 2,507 mortgage applications totaling $358.4 million. The average application was for $142,959, and applicants reported an average income of $101,036. 78% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Des Moines-West Des Moines, IA (492), Omaha-Council Bluffs, NE-IA (241) and Sioux City, IA-NE-SD (114) (applications in parentheses).
| Mortgage Company & Address | Northwest Bank 101 W 5th St. Spencer, IA 51301 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 2,507 |
| Total Mortgage Loan Application Amount | $358,399,000 |
| Average Mortgage Loan Application Amount | $142,959 |
| Highest Mortgage Loan Application Amount | $2,770,000 |
| Average Applicant Income | $101,036 |
| Highest Applicant Income | $2,713,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Northwest Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dickinson, Iowa | 455 | $ 81,678,000 | $ 179,512 | $ 135,000 |
| Polk, Iowa | 391 | $ 66,822,000 | $ 170,900 | $ 119,000 |
| Clay, Iowa | 184 | $ 17,228,000 | $ 93,630 | $ 59,000 |
| Douglas, Nebraska | 162 | $ 27,701,000 | $ 170,993 | $ 142,000 |
| Webster, Iowa | 153 | $ 15,096,000 | $ 98,666 | $ 82,000 |
| Kossuth, Iowa | 137 | $ 14,307,000 | $ 104,430 | $ 71,000 |
| Humboldt, Iowa | 111 | $ 9,111,000 | $ 82,081 | $ 61,000 |
| Buena Vista, Iowa | 106 | $ 8,794,000 | $ 82,962 | $ 63,000 |
| Plymouth, Iowa | 103 | $ 13,563,000 | $ 131,679 | $ 84,000 |
| Woodbury, Iowa | 98 | $ 12,508,000 | $ 127,632 | $ 78,000 |
| Dallas, Iowa | 78 | $ 17,852,000 | $ 228,871 | $ 127,000 |
| Sioux, Iowa | 65 | $ 8,412,000 | $ 129,415 | $ 70,000 |
| Sarpy, Nebraska | 60 | $ 9,864,000 | $ 164,400 | $ 97,000 |
| Emmet, Iowa | 54 | $ 3,969,000 | $ 73,500 | $ 62,000 |
| Palo Alto, Iowa | 34 | $ 2,720,000 | $ 80,000 | $ 68,000 |
| Wright, Iowa | 32 | $ 2,271,000 | $ 70,968 | $ 66,000 |
| Union, Iowa | 31 | $ 3,124,000 | $ 100,774 | $ 79,000 |
| Warren, Iowa | 17 | $ 3,522,000 | $ 207,176 | $ 110,000 |
| Story, Iowa | 12 | $ 2,428,000 | $ 202,333 | $ 145,000 |
| Cherokee, Iowa | 11 | $ 1,028,000 | $ 93,454 | $ 91,000 |
| Pocahontas, Iowa | 11 | $ 588,000 | $ 53,454 | $ 50,000 |
| Calhoun, Iowa | 9 | $ 1,050,000 | $ 116,666 | $ 152,000 |
| O'Brien, Iowa | 9 | $ 984,000 | $ 109,333 | $ 107,000 |
| Hancock, Iowa | 8 | $ 802,000 | $ 100,250 | $ 65,000 |
| Union, South Dakota | 8 | $ 1,666,000 | $ 208,250 | $ 87,000 |
| Cerro Gordo, Iowa | 7 | $ 1,054,000 | $ 150,571 | $ 83,000 |
| Marion, Iowa | 7 | $ 861,000 | $ 123,000 | $ 106,000 |
| Pottawattamie, Iowa | 7 | $ 1,374,000 | $ 196,285 | $ 159,000 |
| Dakota, Nebraska | 7 | $ 911,000 | $ 130,142 | $ 54,000 |
| Maricopa, Arizona | 5 | $ 1,985,000 | $ 397,000 | $ 221,000 |
| Black Hawk, Iowa | 5 | $ 555,000 | $ 111,000 | $ 79,000 |
| Lyon, Iowa | 5 | $ 367,000 | $ 73,400 | $ 61,000 |
| Madison, Iowa | 5 | $ 1,390,000 | $ 278,000 | $ 81,000 |
| Hennepin, Minnesota | 5 | $ 967,000 | $ 193,400 | $ 101,000 |
| Boone, Iowa | 4 | $ 642,000 | $ 160,500 | $ 77,000 |
| Hamilton, Iowa | 4 | $ 347,000 | $ 86,750 | $ 89,000 |
| Johnson, Iowa | 4 | $ 656,000 | $ 164,000 | $ 145,000 |
| Cass, Nebraska | 4 | $ 574,000 | $ 143,500 | $ 189,000 |
| Saunders, Nebraska | 4 | $ 732,000 | $ 183,000 | $ 98,000 |
| Minnehaha, South Dakota | 4 | $ 414,000 | $ 103,500 | $ 71,000 |
| Poweshiek, Iowa | 3 | $ 443,000 | $ 147,666 | $ 79,000 |
| Jackson, Minnesota | 3 | $ 415,000 | $ 138,333 | $ 57,000 |
| Martin, Minnesota | 3 | $ 211,000 | $ 70,333 | $ 32,000 |
| Dodge, Nebraska | 3 | $ 520,000 | $ 173,333 | $ 77,000 |
| Collier, Florida | 2 | $ 517,000 | $ 258,500 | $ 625,000 |
| Pinellas, Florida | 2 | $ 495,000 | $ 247,500 | $ 109,000 |
| Adair, Iowa | 2 | $ 101,000 | $ 50,500 | $ 72,000 |
| Carroll, Iowa | 2 | $ 190,000 | $ 95,000 | $ 100,000 |
| Clinton, Iowa | 2 | $ 283,000 | $ 141,500 | $ 58,000 |
| Harrison, Iowa | 2 | $ 192,000 | $ 96,000 | $ 63,000 |
| Jasper, Iowa | 2 | $ 243,000 | $ 121,500 | $ 126,000 |
| Sac, Iowa | 2 | $ 161,000 | $ 80,500 | $ 71,000 |
| Taylor, Iowa | 2 | $ 122,000 | $ 61,000 | $ 55,000 |
| Johnson, Kansas | 2 | $ 260,000 | $ 130,000 | $ 122,000 |
| Dakota, Minnesota | 2 | $ 468,000 | $ 234,000 | $ 117,000 |
| Camden, Missouri | 2 | $ 847,000 | $ 423,500 | $ 148,000 |
| Boone, Nebraska | 2 | $ 344,000 | $ 172,000 | $ 82,000 |
| Lancaster, Nebraska | 2 | $ 264,000 | $ 132,000 | $ 68,000 |
| Washington, Nebraska | 2 | $ 434,000 | $ 217,000 | $ 234,000 |
| Lincoln, South Dakota | 2 | $ 226,000 | $ 113,000 | $ 57,000 |
| Mohave, Arizona | 1 | $ 44,000 | $ 44,000 | $ 56,000 |
| Los Angeles, California | 1 | $ 402,000 | $ 402,000 | $ 225,000 |
| Orange, California | 1 | $ 214,000 | $ 214,000 | $ 57,000 |
| Boulder, Colorado | 1 | $ 270,000 | $ 270,000 | $ 50,000 |
| Pitkin, Colorado | 1 | $ 2,770,000 | $ 2,770,000 | $ 200,000 |
| Summit, Colorado | 1 | $ 417,000 | $ 417,000 | $ 286,000 |
| Weld, Colorado | 1 | $ 250,000 | $ 250,000 | $ 100,000 |
| Fairfield, Connecticut | 1 | $ 563,000 | $ 563,000 | $ 247,000 |
| Adams, Iowa | 1 | $ 82,000 | $ 82,000 | $ 28,000 |
| Appanoose, Iowa | 1 | $ 102,000 | $ 102,000 | $ 392,000 |
| Buchanan, Iowa | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Butler, Iowa | 1 | $ 195,000 | $ 195,000 | $ 74,000 |
| Clarke, Iowa | 1 | $ 75,000 | $ 75,000 | $ 85,000 |
| Des Moines, Iowa | 1 | $ 97,000 | $ 97,000 | $ 82,000 |
| Dubuque, Iowa | 1 | $ 100,000 | $ 100,000 | $ 43,000 |
| Fayette, Iowa | 1 | $ 55,000 | $ 55,000 | $ 70,000 |
| Fremont, Iowa | 1 | $ 124,000 | $ 124,000 | $ 69,000 |
| Guthrie, Iowa | 1 | $ 35,000 | $ 35,000 | $ 26,000 |
| Linn, Iowa | 1 | $ 143,000 | $ 143,000 | $ 349,000 |
| Ringgold, Iowa | 1 | $ 80,000 | $ 80,000 | $ 59,000 |
| Scott, Iowa | 1 | $ 288,000 | $ 288,000 | $ 92,000 |
| Tama, Iowa | 1 | $ 137,000 | $ 137,000 | $ 118,000 |
| Winnebago, Iowa | 1 | $ 141,000 | $ 141,000 | $ 102,000 |
| Worth, Iowa | 1 | $ 163,000 | $ 163,000 | $ 76,000 |
| Nicollet, Minnesota | 1 | $ 384,000 | $ 384,000 | $ 943,000 |
| Olmsted, Minnesota | 1 | $ 182,000 | $ 182,000 | $ 88,000 |
| Otter Tail, Minnesota | 1 | $ 196,000 | $ 196,000 | $ 120,000 |
| Pipestone, Minnesota | 1 | $ 200,000 | $ 200,000 | $ 115,000 |
| Washington, Minnesota | 1 | $ 196,000 | $ 196,000 | $ 169,000 |
| Boone, Missouri | 1 | $ 162,000 | $ 162,000 | $ 95,000 |
| Clay, Missouri | 1 | $ 146,000 | $ 146,000 | $ 170,000 |
| Morgan, Missouri | 1 | $ 213,000 | $ 213,000 | $ 172,000 |
| Putnam, Missouri | 1 | $ 52,000 | $ 52,000 | $ 56,000 |
| Stone, Missouri | 1 | $ 249,000 | $ 249,000 | $ 608,000 |
| Buffalo, Nebraska | 1 | $ 120,000 | $ 120,000 | $ 70,000 |
| Dixon, Nebraska | 1 | $ 144,000 | $ 144,000 | $ 74,000 |
| Grand Forks, North Dakota | 1 | $ 106,000 | $ 106,000 | $ 38,000 |
| Delaware, Oklahoma | 1 | $ 221,000 | $ 221,000 | $ 170,000 |
| Brookings, South Dakota | 1 | $ 239,000 | $ 239,000 | $ 72,000 |
| Clay, South Dakota | 1 | $ 216,000 | $ 216,000 | $ 196,000 |
| Hamlin, South Dakota | 1 | $ 151,000 | $ 151,000 | $ 52,000 |
| Yankton, South Dakota | 1 | $ 408,000 | $ 408,000 | $ 180,000 |
| Comal, Texas | 1 | $ 299,000 | $ 299,000 | $ 337,000 |
| Alexandria, Virginia | 1 | $ 328,000 | $ 328,000 | $ 115,000 |
| Ashland, Wisconsin | 1 | $ 283,000 | $ 283,000 | $ 307,000 |
| Dane, Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 144,000 |
| Rock, Wisconsin | 1 | $ 174,000 | $ 174,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for Northwest 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,607 | $249,814,000 | $155,000 | $2,770,000 | $111,000 | $2,713,000 |
| Home Purchase | 826 | $106,592,000 | $129,000 | $800,000 | $83,000 | $653,000 |
| Home Improvement | 74 | $1,993,000 | $26,000 | $180,000 | $86,000 | $500,000 |
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 | 2,289 | $331,635,000 | $144,000 | $2,770,000 | $104,000 | $2,713,000 |
| Not Provided | 90 | $12,963,000 | $144,000 | $417,000 | $82,000 | $524,000 |
| Hispanic | 59 | $6,283,000 | $106,000 | $417,000 | $71,000 | $475,000 |
| Not applicable | 40 | $3,730,000 | $93,000 | $441,000 | $5,000 | $106,000 |
| Asian | 19 | $2,008,000 | $105,000 | $225,000 | $62,000 | $129,000 |
| Black or African American | 5 | $1,089,000 | $217,000 | $274,000 | $83,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $442,000 | $110,000 | $189,000 | $103,000 | $213,000 |
| American Indian or Alaskan Native | 1 | $249,000 | $249,000 | $249,000 | $608,000 | $608,000 |
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) | 2,257 | $329,971,000 | $146,000 | $2,770,000 | $107,000 | $2,713,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 118 | $10,883,000 | $92,000 | $260,000 | $36,000 | $82,000 |
| FHA-insured (Federal Housing Administration) | 102 | $12,981,000 | $127,000 | $274,000 | $58,000 | $136,000 |
| VA-guaranteed (Veterans Administration) | 30 | $4,564,000 | $152,000 | $369,000 | $64,000 | $145,000 |
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 | 1,962 | $280,687,000 | $143,000 | $2,770,000 | $104,000 | $2,518,000 |
| Application Withdrawn By Applicant | 319 | $50,116,000 | $157,000 | $1,400,000 | $93,000 | $1,754,000 |
| Application Denied By Financial Institution | 183 | $20,730,000 | $113,000 | $444,000 | $86,000 | $2,713,000 |
| File Closed For Incompleteness | 42 | $6,811,000 | $162,000 | $417,000 | $75,000 | $540,000 |
| Application Approved But Not Accepted | 1 | $55,000 | $55,000 | $55,000 | $48,000 | $48,000 |
| 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 | 90 | $8,965,000 | $99,000 | $417,000 | $55,000 | $340,000 |
| Debt-To-Income Ratio | 37 | $5,304,000 | $143,000 | $417,000 | $200,000 | $2,713,000 |
| Collateral | 29 | $3,671,000 | $126,000 | $444,000 | $68,000 | $214,000 |
| Other | 19 | $1,715,000 | $90,000 | $200,000 | $41,000 | $96,000 |
| Unverifiable Information | 1 | $68,000 | $68,000 | $68,000 | $21,000 | $21,000 |
| Employment History | 1 | $40,000 | $40,000 | $40,000 | $45,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $330,000 | $330,000 | $330,000 | $175,000 | $175,000 |
| Mortgage Insurance Denied | 1 | $82,000 | $82,000 | $82,000 | $71,000 | $71,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Northwest 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 Northwest 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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