Northwest Bank & Trust Company Mortgage Lending & HMDA Data, 2021
In 2021, Northwest Bank & Trust Company of Davenport, IA reported 13 mortgage applications totaling $3.7 million, down 32% from 2020. The average application was for $281,923, and applicants reported an average income of $124,000. 85% of its applications resulted in an originated loan and 0% were denied. Its largest market was Davenport-Moline-Rock Island, IA-IL (10).
| Mortgage Company & Address | Northwest Bank & Trust Company 100 E Kimberly Road Davenport, IA 52806 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 13 |
| Total Mortgage Loan Application Amount | $3,665,000 |
| Average Mortgage Loan Application Amount | $281,923 |
| Highest Mortgage Loan Application Amount | $1,405,000 |
| Average Applicant Income | $124,000 |
| Highest Applicant Income | $311,000 |
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records Northwest Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Scott, Iowa | 7 | $ 1,355,000 | $ 193,571 | $ 64,000 |
| Rock Island, Illinois | 3 | $ 95,000 | $ 31,666 | $ 29,000 |
| Walworth, Wisconsin | 1 | $ 495,000 | $ 495,000 | $ 218,000 |
Mortgage Loan Application Detail Totals for Northwest Bank & Trust Company in 2021
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 | 9 | $1,615,000 | $179,000 | $495,000 | $62,000 | $218,000 |
| Home Purchase | 3 | $1,945,000 | $648,000 | $1,405,000 | $311,000 | $311,000 |
| Home Improvement | 1 | $105,000 | $105,000 | $105,000 | $121,000 | $121,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 5 | $495,000 | $99,000 | $315,000 | $58,000 | $121,000 |
| Not applicable | 4 | $2,300,000 | $575,000 | $1,405,000 | $0 | $0 |
| White | 3 | $845,000 | $281,000 | $495,000 | $184,000 | $311,000 |
| Black or African American | 1 | $25,000 | $25,000 | $25,000 | $27,000 | $27,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 13 | $3,665,000 | $281,000 | $1,405,000 | $96,000 | $311,000 |
| 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 | 11 | $3,325,000 | $302,000 | $1,405,000 | $117,000 | $311,000 |
| Application Withdrawn By Applicant | 2 | $340,000 | $170,000 | $315,000 | $24,000 | $37,000 |
| File Closed For Incompleteness | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 12 | $3,200,000 | $266,000 | $1,405,000 | $96,000 | $311,000 |
| Not applicable | 1 | $465,000 | $465,000 | $465,000 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Northwest Bank & Trust Company's 2021 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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