Northwest Bank & Trust Company Mortgage Lending & HMDA Data, 2015
In 2015, Northwest Bank & Trust Company of Davenport, IA reported 78 mortgage applications totaling $13.0 million, down 43% from 2014. The average application was for $166,346, and applicants reported an average income of $77,923. 90% of its applications resulted in an originated loan and 5% were denied. Its largest market was Davenport-Moline-Rock Island, IA-IL (73).
| 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 | 78 |
| Total Mortgage Loan Application Amount | $12,975,000 |
| Average Mortgage Loan Application Amount | $166,346 |
| Highest Mortgage Loan Application Amount | $2,342,000 |
| Average Applicant Income | $77,923 |
| Highest Applicant Income | $776,000 |
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records Northwest Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 48 | $6,562,000 | $136,000 | $395,000 | $86,000 | $503,000 |
| Refinancing | 30 | $6,413,000 | $213,000 | $2,342,000 | $65,000 | $776,000 |
| 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 | 62 | $8,563,000 | $138,000 | $395,000 | $94,000 | $776,000 |
| Not applicable | 12 | $3,931,000 | $327,000 | $2,342,000 | $0 | $0 |
| Asian | 2 | $214,000 | $107,000 | $108,000 | $90,000 | $96,000 |
| Hispanic | 2 | $267,000 | $133,000 | $167,000 | $24,000 | $34,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 78 | $12,975,000 | $166,000 | $2,342,000 | $78,000 | $776,000 |
| 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 | 70 | $11,829,000 | $168,000 | $2,342,000 | $76,000 | $776,000 |
| Application Denied By Financial Institution | 4 | $362,000 | $90,000 | $112,000 | $49,000 | $76,000 |
| Application Withdrawn By Applicant | 4 | $784,000 | $196,000 | $304,000 | $132,000 | $186,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $140,000 | $70,000 | $80,000 | $49,000 | $76,000 |
| Debt-To-Income Ratio | 1 | $112,000 | $112,000 | $112,000 | $69,000 | $69,000 |
| Collateral | 1 | $110,000 | $110,000 | $110,000 | $32,000 | $32,000 |
| 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 2015 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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