Security State Bank - Lewiston Mortgage Lending & HMDA Data, 2014
In 2014, Security State Bank - Lewiston of Lewiston, MN reported 17 mortgage applications totaling $1.3 million. The average application was for $73,705, and applicants reported an average income of $61,823. 59% of its applications resulted in an originated loan and 24% were denied. Its largest market was Rochester, MN (13).
| 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 | 17 |
| Total Mortgage Loan Application Amount | $1,253,000 |
| Average Mortgage Loan Application Amount | $73,705 |
| Highest Mortgage Loan Application Amount | $299,000 |
| Average Applicant Income | $61,823 |
| Highest Applicant Income | $172,000 |
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records Security State Bank - Lewiston filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Security State Bank - Lewiston 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 | 10 | $377,000 | $37,000 | $97,000 | $46,000 | $164,000 |
| Refinancing | 6 | $866,000 | $144,000 | $299,000 | $86,000 | $172,000 |
| Home Improvement | 1 | $10,000 | $10,000 | $10,000 | $75,000 | $75,000 |
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 | 17 | $1,253,000 | $73,000 | $299,000 | $62,000 | $172,000 |
| 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 Hawaiian 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) | 16 | $954,000 | $59,000 | $230,000 | $62,000 | $172,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $299,000 | $299,000 | $299,000 | $62,000 | $62,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 10 | $783,000 | $78,000 | $299,000 | $74,000 | $172,000 |
| Application Denied By Financial Institution | 4 | $337,000 | $84,000 | $230,000 | $42,000 | $77,000 |
| Application Withdrawn By Applicant | 3 | $133,000 | $44,000 | $100,000 | $51,000 | $75,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $326,000 | $108,000 | $230,000 | $51,000 | $77,000 |
| Other | 1 | $11,000 | $11,000 | $11,000 | $17,000 | $17,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Security State Bank - Lewiston'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 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
with aggregated HMDA statistics today.
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