Park State Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Park State Bank & Trust of Woodland Park, CO reported 70 mortgage applications totaling $8.9 million, up 56% from 2005. The average application was for $127,314, and applicants reported an average income of $78,828. 81% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Colorado Springs, CO (62) and Denver-Aurora, CO (7).
| 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 | 70 |
| Total Mortgage Loan Application Amount | $8,912,000 |
| Average Mortgage Loan Application Amount | $127,314 |
| Highest Mortgage Loan Application Amount | $1,040,000 |
| Average Applicant Income | $78,828 |
| Highest Applicant Income | $494,000 |
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(HMDA) records Park State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Colorado Springs, CO | 62 | $ 8,254,000 | $ 133,129 | $ 74,000 |
| Denver-Aurora, CO | 7 | $ 591,000 | $ 84,428 | $ 120,000 |
Mortgage Loan Application Detail Totals for Park State Bank & Trust in 2006
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 | 26 | $3,931,000 | $151,000 | $1,040,000 | $49,000 | $102,000 |
| Refinancing | 24 | $3,747,000 | $156,000 | $641,000 | $111,000 | $494,000 |
| Home Improvement | 20 | $1,234,000 | $61,000 | $250,000 | $79,000 | $321,000 |
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 | 64 | $8,170,000 | $127,000 | $1,040,000 | $84,000 | $494,000 |
| American Indian or Alaskan Native | 2 | $48,000 | $24,000 | $25,000 | $8,000 | $8,000 |
| Hispanic | 2 | $545,000 | $272,000 | $282,000 | $76,000 | $88,000 |
| Not applicable | 1 | $137,000 | $137,000 | $137,000 | $0 | $0 |
| Not Provided | 1 | $12,000 | $12,000 | $12,000 | $19,000 | $19,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 70 | $8,912,000 | $127,000 | $1,040,000 | $79,000 | $494,000 |
| 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 | 57 | $7,779,000 | $136,000 | $1,040,000 | $85,000 | $494,000 |
| Application Denied By Financial Institution | 9 | $715,000 | $79,000 | $265,000 | $57,000 | $147,000 |
| Application Withdrawn By Applicant | 2 | $130,000 | $65,000 | $80,000 | $24,000 | $48,000 |
| File Closed For Incompleteness | 2 | $288,000 | $144,000 | $150,000 | $58,000 | $91,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 2006 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About