Park State Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Park State Bank & Trust of Woodland Park, CO reported 64 mortgage applications totaling $15.2 million, down 3% from 2014. The average application was for $236,718, and applicants reported an average income of $99,484. 58% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Colorado Springs, CO (54) and Denver-Aurora-Lakewood, CO (10).
| 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 | 64 |
| Total Mortgage Loan Application Amount | $15,150,000 |
| Average Mortgage Loan Application Amount | $236,718 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $99,484 |
| Highest Applicant Income | $1,048,000 |
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(HMDA) records Park State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 50 | $ 11,349,000 | $ 226,980 | $ 87,000 |
| Park, Colorado | 10 | $ 2,797,000 | $ 279,700 | $ 190,000 |
| El Paso, Colorado | 4 | $ 1,004,000 | $ 251,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for Park State Bank & Trust 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 | 46 | $11,637,000 | $252,000 | $965,000 | $106,000 | $1,048,000 |
| Refinancing | 13 | $2,648,000 | $203,000 | $632,000 | $77,000 | $168,000 |
| Home Improvement | 5 | $865,000 | $173,000 | $514,000 | $98,000 | $262,000 |
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 | 54 | $12,173,000 | $225,000 | $965,000 | $106,000 | $1,048,000 |
| Not applicable | 5 | $1,514,000 | $302,000 | $600,000 | $0 | $0 |
| Hispanic | 4 | $1,064,000 | $266,000 | $383,000 | $107,000 | $131,000 |
| Asian | 1 | $399,000 | $399,000 | $399,000 | $234,000 | $234,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 64 | $15,150,000 | $236,000 | $965,000 | $100,000 | $1,048,000 |
| 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 | 37 | $8,857,000 | $239,000 | $965,000 | $117,000 | $1,048,000 |
| Application Withdrawn By Applicant | 15 | $3,668,000 | $244,000 | $600,000 | $76,000 | $234,000 |
| Application Denied By Financial Institution | 8 | $1,703,000 | $212,000 | $632,000 | $64,000 | $109,000 |
| Application Approved But Not Accepted | 4 | $922,000 | $230,000 | $275,000 | $100,000 | $177,000 |
| File Closed For Incompleteness | 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 | 4 | $1,118,000 | $279,000 | $632,000 | $65,000 | $84,000 |
| Collateral | 2 | $400,000 | $200,000 | $383,000 | $76,000 | $109,000 |
| Other | 1 | $85,000 | $85,000 | $85,000 | $72,000 | $72,000 |
| Credit History | 1 | $100,000 | $100,000 | $100,000 | $26,000 | $26,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Park State Bank & Trust'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 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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