Park State Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Park State Bank & Trust of Woodland Park, CO reported 66 mortgage applications totaling $16.3 million, down 1% from 2013. The average application was for $246,666, and applicants reported an average income of $85,500. 62% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Colorado Springs, CO (52), Denver-Aurora-Lakewood, CO (10) 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 | 66 |
| Total Mortgage Loan Application Amount | $16,280,000 |
| Average Mortgage Loan Application Amount | $246,666 |
| Highest Mortgage Loan Application Amount | $975,000 |
| Average Applicant Income | $85,500 |
| Highest Applicant Income | $407,000 |
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(HMDA) records Park State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Park State Bank & Trust in 2014
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 | 45 | $12,107,000 | $269,000 | $818,000 | $97,000 | $407,000 |
| Refinancing | 20 | $4,024,000 | $201,000 | $975,000 | $62,000 | $233,000 |
| Home Improvement | 1 | $149,000 | $149,000 | $149,000 | $38,000 | $38,000 |
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 | $11,807,000 | $218,000 | $800,000 | $104,000 | $407,000 |
| Not applicable | 12 | $4,473,000 | $372,000 | $975,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 66 | $16,280,000 | $246,000 | $975,000 | $85,000 | $407,000 |
| 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 | 41 | $10,247,000 | $249,000 | $975,000 | $78,000 | $407,000 |
| Application Approved But Not Accepted | 10 | $2,301,000 | $230,000 | $400,000 | $126,000 | $292,000 |
| Application Denied By Financial Institution | 9 | $1,957,000 | $217,000 | $565,000 | $42,000 | $78,000 |
| File Closed For Incompleteness | 4 | $1,500,000 | $375,000 | $650,000 | $155,000 | $389,000 |
| Application Withdrawn By Applicant | 2 | $275,000 | $137,000 | $188,000 | $83,000 | $106,000 |
| 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 | 6 | $1,291,000 | $215,000 | $565,000 | $37,000 | $78,000 |
| Other | 2 | $263,000 | $131,000 | $160,000 | $42,000 | $53,000 |
| Collateral | 1 | $403,000 | $403,000 | $403,000 | $70,000 | $70,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2014 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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