Security State Bank - Lewiston Mortgage Lending & HMDA Data, 2016
In 2016, Security State Bank - Lewiston of Lewiston, MN reported 20 mortgage applications totaling $2.3 million, down 41% from 2015. The average application was for $116,300, and applicants reported an average income of $76,800. 85% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Rochester, MN (12) and La Crosse-Onalaska, WI-MN (2).
| Mortgage Company & Address | Security State Bank - Lewiston 225 East Main Street, Po Box 430 Lewiston, MN 55952 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 20 |
| Total Mortgage Loan Application Amount | $2,326,000 |
| Average Mortgage Loan Application Amount | $116,300 |
| Highest Mortgage Loan Application Amount | $546,000 |
| Average Applicant Income | $76,800 |
| Highest Applicant Income | $189,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security State Bank - Lewiston filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fillmore, Minnesota | 11 | $ 882,000 | $ 80,181 | $ 85,000 |
| Winona, Minnesota | 4 | $ 617,000 | $ 154,250 | $ 46,000 |
| Houston, Minnesota | 2 | $ 235,000 | $ 117,500 | $ 60,000 |
| Mower, Minnesota | 2 | $ 46,000 | $ 23,000 | $ 54,000 |
| Olmsted, Minnesota | 1 | $ 546,000 | $ 546,000 | $ 189,000 |
Mortgage Loan Application Detail Totals for Security State Bank - Lewiston in 2016
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 | 9 | $1,736,000 | $192,000 | $546,000 | $73,000 | $189,000 |
| Home Improvement | 6 | $148,000 | $24,000 | $52,000 | $69,000 | $110,000 |
| Home Purchase | 5 | $442,000 | $88,000 | $192,000 | $93,000 | $165,000 |
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 | 20 | $2,326,000 | $116,000 | $546,000 | $77,000 | $189,000 |
| 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 Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 20 | $2,326,000 | $116,000 | $546,000 | $77,000 | $189,000 |
| 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 | 17 | $2,177,000 | $128,000 | $546,000 | $86,000 | $189,000 |
| Application Denied By Financial Institution | 2 | $99,000 | $49,000 | $89,000 | $24,000 | $25,000 |
| Application Withdrawn By Applicant | 1 | $50,000 | $50,000 | $50,000 | $22,000 | $22,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $89,000 | $89,000 | $89,000 | $25,000 | $25,000 |
| Employment History | 1 | $10,000 | $10,000 | $10,000 | $23,000 | $23,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Security State Bank - Lewiston's 2016 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 Security State Bank - Lewiston'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 Minnesota, download the full spreadsheet
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