Park State Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Park State Bank & Trust of Woodland Park, CO reported 40 mortgage applications totaling $7.4 million, down 22% from 2007. The average application was for $185,125, and applicants reported an average income of $61,875. 75% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Colorado Springs, CO (37), Denver-Aurora, CO (1) and Pueblo, CO (1) (applications in parentheses).
| Mortgage Company & Address | Park State Bank & Trust Po Box 9 Woodland Park, CO 80866 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 40 |
| Total Mortgage Loan Application Amount | $7,405,000 |
| Average Mortgage Loan Application Amount | $185,125 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $61,875 |
| Highest Applicant Income | $188,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Park State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Teller, Colorado | 33 | $ 6,547,000 | $ 198,393 | $ 66,000 |
| El Paso, Colorado | 4 | $ 319,000 | $ 79,750 | $ 40,000 |
| Fremont, Colorado | 1 | $ 358,000 | $ 358,000 | $ 80,000 |
| Park, Colorado | 1 | $ 140,000 | $ 140,000 | $ 46,000 |
| Pueblo, Colorado | 1 | $ 41,000 | $ 41,000 | $ 14,000 |
Mortgage Loan Application Detail Totals for Park State Bank & Trust in 2008
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 | 23 | $5,461,000 | $237,000 | $503,000 | $61,000 | $149,000 |
| Home Improvement | 10 | $619,000 | $61,000 | $140,000 | $75,000 | $188,000 |
| Refinancing | 7 | $1,325,000 | $189,000 | $850,000 | $46,000 | $71,000 |
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 | 38 | $7,202,000 | $189,000 | $850,000 | $62,000 | $188,000 |
| Not Provided | 2 | $203,000 | $101,000 | $183,000 | $51,000 | $62,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 40 | $7,405,000 | $185,000 | $850,000 | $62,000 | $188,000 |
| 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 | 30 | $6,136,000 | $204,000 | $850,000 | $65,000 | $188,000 |
| Application Denied By Financial Institution | 6 | $499,000 | $83,000 | $183,000 | $39,000 | $63,000 |
| Application Withdrawn By Applicant | 4 | $770,000 | $192,000 | $324,000 | $74,000 | $114,000 |
| 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 | 3 | $138,000 | $46,000 | $100,000 | $34,000 | $62,000 |
| Debt-To-Income Ratio | 2 | $282,000 | $141,000 | $183,000 | $52,000 | $63,000 |
| Collateral | 1 | $79,000 | $79,000 | $79,000 | $28,000 | $28,000 |
| 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 Park State Bank & Trust's 2008 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 Park State 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 Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
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