Cedar Valley Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Cedar Valley Bank & Trust of La Porte City, IA reported 209 mortgage applications totaling $25.8 million, down 36% from 2007. The average application was for $123,354, and applicants reported an average income of $71,066. 93% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Pensacola-Ferry Pass-Brent, FL (3), Fort Walton Beach-Crestview-Destin, FL (2) and Panama City-Lynn Haven, FL (2) (applications in parentheses).
| Mortgage Company & Address | Cedar Valley Bank & Trust 321 Main St La Porte City, IA 50651 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 209 |
| Total Mortgage Loan Application Amount | $25,781,000 |
| Average Mortgage Loan Application Amount | $123,354 |
| Highest Mortgage Loan Application Amount | $1,321,000 |
| Average Applicant Income | $71,066 |
| Highest Applicant Income | $2,556,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cedar Valley Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 1,664,000 | $ 554,666 | $ 969,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 418,000 | $ 209,000 | $ 130,000 |
| Panama City-Lynn Haven, FL | 2 | $ 914,000 | $ 457,000 | $ 87,000 |
| Dothan, AL | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for Cedar Valley Bank & Trust in 2008
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 | 103 | $10,062,000 | $97,000 | $699,000 | $53,000 | $267,000 |
| Home Purchase | 70 | $14,199,000 | $202,000 | $1,321,000 | $109,000 | $2,556,000 |
| Home Improvement | 36 | $1,520,000 | $42,000 | $190,000 | $49,000 | $191,000 |
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 | 193 | $22,070,000 | $114,000 | $1,321,000 | $75,000 | $2,556,000 |
| Not applicable | 7 | $3,230,000 | $461,000 | $1,080,000 | $0 | $0 |
| Black or African American | 7 | $448,000 | $64,000 | $314,000 | $54,000 | $110,000 |
| Hispanic | 1 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 |
| American Indian or Alaskan Native | 1 | $24,000 | $24,000 | $24,000 | $16,000 | $16,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 209 | $25,781,000 | $123,000 | $1,321,000 | $71,000 | $2,556,000 |
| 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 | 195 | $23,704,000 | $121,000 | $1,321,000 | $74,000 | $2,556,000 |
| Application Denied By Financial Institution | 11 | $495,000 | $45,000 | $170,000 | $28,000 | $80,000 |
| Application Withdrawn By Applicant | 3 | $1,582,000 | $527,000 | $1,320,000 | $79,000 | $168,000 |
| 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 | 7 | $370,000 | $52,000 | $170,000 | $36,000 | $80,000 |
| Debt-To-Income Ratio | 4 | $125,000 | $31,000 | $75,000 | $15,000 | $25,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cedar Valley Bank & Trust's 2008 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 Cedar Valley 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.
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