Pinnacle Bank - Wyoming Mortgage Lending & HMDA Data, 2003
In 2003, Pinnacle Bank - Wyoming of Mitchell, NE reported 572 mortgage applications totaling $42.2 million. The average application was for $73,732, and applicants reported an average income of $53,463. 80% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Cheyenne, WY (16), Casper, WY (4) and Billings, MT (1) (applications in parentheses).
| Mortgage Company & Address | Pinnacle Bank - Wyoming Po Box 127 Mitchell, NE 69357 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 572 |
| Total Mortgage Loan Application Amount | $42,175,000 |
| Average Mortgage Loan Application Amount | $73,732 |
| Highest Mortgage Loan Application Amount | $405,000 |
| Average Applicant Income | $53,463 |
| Highest Applicant Income | $520,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pinnacle Bank - Wyoming filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Pinnacle Bank - Wyoming in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 296 | $25,874,000 | $75,200 | $345,000 | $105,000 | $275,000 |
| Home Purchase (one-to-four family) | 199 | $13,363,000 | $50,000 | $405,000 | $36,200 | $386,000 |
| Home Improvement (one-to-four family) | 72 | $2,320,000 | $37,000 | $257,000 | $31,333 | $520,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 5 | $618,000 | $123,000 | $199,000 | $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 | 535 | $40,063,000 | $57,000 | $405,000 | $57,857 | $520,000 |
| Hispanic | 15 | $548,000 | $32,500 | $80,000 | $36,500 | $107,000 |
| Information not provided by applicant in mail or telephone application | 10 | $560,000 | $50,666 | $164,000 | $39,000 | $145,000 |
| Not applicable | 4 | $373,000 | $75,000 | $185,000 | $57,000 | $140,000 |
| American Indian or Alaskan Native | 4 | $395,000 | $82,000 | $175,000 | $48,500 | $69,000 |
| Other | 2 | $136,000 | $68,000 | $130,000 | $49,000 | $75,000 |
| Asian or Pacific Islander | 1 | $75,000 | $75,000 | $75,000 | $84,000 | $84,000 |
| Black | 1 | $25,000 | $25,000 | $25,000 | $44,000 | $44,000 |
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) | 571 | $42,000,000 | $56,000 | $405,000 | $55,000 | $520,000 |
| VA-guaranteed (Veterans Administration) | 1 | $175,000 | $175,000 | $175,000 | $35,000 | $35,000 |
| 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 |
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 | 460 | $33,858,000 | $55,857 | $405,000 | $59,857 | $520,000 |
| Application Denied By Financial Institution | 79 | $5,165,000 | $52,000 | $200,000 | $34,000 | $80,000 |
| Application Approved But Not Accepted | 18 | $1,783,000 | $99,000 | $173,000 | $50,000 | $128,000 |
| Application Withdrawn By Applicant | 15 | $1,369,000 | $91,000 | $213,000 | $50,000 | $100,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 Pinnacle Bank - Wyoming's 2003 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 Pinnacle Bank - Wyoming'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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