Northwest Bank & Trust Company Mortgage Lending & HMDA Data, 2012
In 2012, Northwest Bank & Trust Company of Davenport, IA reported 411 mortgage applications totaling $56.8 million, up 19% from 2011. The average application was for $138,201, and applicants reported an average income of $72,557. 85% of its applications resulted in an originated loan and 9% were denied. Its largest market was Davenport-Moline-Rock Island, IA-IL (362).
| Mortgage Company & Address | Northwest Bank & Trust Company 100 E Kimberly Rd Davenport, IA 52806 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 411 |
| Total Mortgage Loan Application Amount | $56,801,000 |
| Average Mortgage Loan Application Amount | $138,201 |
| Highest Mortgage Loan Application Amount | $2,520,000 |
| Average Applicant Income | $72,557 |
| Highest Applicant Income | $699,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Northwest Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Northwest Bank & Trust Company 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 | 320 | $41,311,000 | $129,000 | $1,475,000 | $73,000 | $699,000 |
| Home Purchase | 82 | $15,288,000 | $186,000 | $2,520,000 | $71,000 | $480,000 |
| Home Improvement | 9 | $202,000 | $22,000 | $60,000 | $71,000 | $153,000 |
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 | 345 | $43,875,000 | $127,000 | $2,520,000 | $80,000 | $699,000 |
| Not applicable | 30 | $8,961,000 | $298,000 | $2,520,000 | $0 | $0 |
| Not Provided | 13 | $1,474,000 | $113,000 | $310,000 | $75,000 | $216,000 |
| Hispanic | 11 | $900,000 | $81,000 | $157,000 | $45,000 | $72,000 |
| Asian | 8 | $1,317,000 | $164,000 | $349,000 | $64,000 | $129,000 |
| Black or African American | 4 | $274,000 | $68,000 | $98,000 | $83,000 | $91,000 |
| 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) | 411 | $56,801,000 | $138,000 | $2,520,000 | $73,000 | $699,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 349 | $46,580,000 | $133,000 | $2,520,000 | $75,000 | $699,000 |
| Application Denied By Financial Institution | 35 | $3,889,000 | $111,000 | $900,000 | $54,000 | $133,000 |
| Application Withdrawn By Applicant | 19 | $5,348,000 | $281,000 | $2,520,000 | $72,000 | $480,000 |
| Application Approved But Not Accepted | 7 | $732,000 | $104,000 | $220,000 | $55,000 | $156,000 |
| File Closed For Incompleteness | 1 | $252,000 | $252,000 | $252,000 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 23 | $2,200,000 | $95,000 | $310,000 | $51,000 | $133,000 |
| Debt-To-Income Ratio | 7 | $1,331,000 | $190,000 | $900,000 | $42,000 | $85,000 |
| Collateral | 5 | $358,000 | $71,000 | $152,000 | $87,000 | $103,000 |
| Credit Application Incomplete | 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 Northwest Bank & Trust Company'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 Northwest Bank & Trust Company'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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