Cedar Valley Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Cedar Valley Bank & Trust of La Porte City, IA reported 119 mortgage applications totaling $15.3 million, down 43% from 2008. The average application was for $128,705, and applicants reported an average income of $66,176. 97% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Panama City-Lynn Haven-Panama City Beach, FL (4), Dothan, AL (3) and Tallahassee, 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 | 119 |
| Total Mortgage Loan Application Amount | $15,316,000 |
| Average Mortgage Loan Application Amount | $128,705 |
| Highest Mortgage Loan Application Amount | $4,402,000 |
| Average Applicant Income | $66,176 |
| Highest Applicant Income | $825,000 |
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records Cedar Valley Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Panama City-Lynn Haven-Panama City Beach, FL | 4 | $ 5,026,000 | $ 1,256,500 | $ 55,000 |
| Dothan, AL | 3 | $ 113,000 | $ 37,666 | $ 46,000 |
| Tallahassee, FL | 2 | $ 38,000 | $ 19,000 | $ 14,000 |
Mortgage Loan Application Detail Totals for Cedar Valley Bank & Trust in 2009
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 | 78 | $10,786,000 | $138,000 | $4,402,000 | $55,000 | $204,000 |
| Home Purchase | 34 | $4,299,000 | $126,000 | $621,000 | $97,000 | $825,000 |
| Home Improvement | 7 | $231,000 | $33,000 | $96,000 | $41,000 | $93,000 |
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 | 107 | $10,149,000 | $94,000 | $621,000 | $68,000 | $825,000 |
| Black or African American | 7 | $412,000 | $58,000 | $141,000 | $79,000 | $265,000 |
| Not applicable | 3 | $4,658,000 | $1,552,000 | $4,402,000 | $0 | $0 |
| Hispanic | 1 | $79,000 | $79,000 | $79,000 | $29,000 | $29,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $18,000 | $18,000 | $18,000 | $15,000 | $15,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 119 | $15,316,000 | $128,000 | $4,402,000 | $66,000 | $825,000 |
| 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 | 116 | $15,218,000 | $131,000 | $4,402,000 | $67,000 | $825,000 |
| Application Denied By Financial Institution | 3 | $98,000 | $32,000 | $58,000 | $24,000 | $43,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Cedar Valley Bank & Trust's 2009 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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