Cedar Valley Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Cedar Valley Bank & Trust of La Porte City, IA reported 87 mortgage applications totaling $12.6 million. The average application was for $145,229, and applicants reported an average income of $109,839. 86% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cedar Rapids, IA (68), Waterloo-Cedar Falls, IA (9) and Des Moines-West Des Moines, IA (1) (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 | 87 |
| Total Mortgage Loan Application Amount | $12,635,000 |
| Average Mortgage Loan Application Amount | $145,229 |
| Highest Mortgage Loan Application Amount | $1,445,000 |
| Average Applicant Income | $109,839 |
| Highest Applicant Income | $702,000 |
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records Cedar Valley Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cedar Rapids, IA | 68 | $ 10,750,000 | $ 158,088 | $ 104,000 |
| Outside any metro area | 9 | $ 825,000 | $ 91,666 | $ 75,444 |
| Waterloo-Cedar Falls, IA | 9 | $ 825,000 | $ 91,666 | $ 92,000 |
| Des Moines-West Des Moines, IA | 1 | $ 235,000 | $ 235,000 | $ 702,000 |
Mortgage Loan Application Detail Totals for Cedar Valley Bank & Trust in 2023
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 | 36 | $6,000,000 | $166,000 | $1,445,000 | $139,000 | $702,000 |
| Refinancing | 18 | $3,080,000 | $171,000 | $625,000 | $90,000 | $305,000 |
| Other Purpose | 14 | $940,000 | $67,000 | $345,000 | $83,000 | $180,000 |
| Cash-out Refinancing | 14 | $2,160,000 | $154,000 | $435,000 | $95,000 | $182,000 |
| Home Improvement | 5 | $455,000 | $91,000 | $255,000 | $88,000 | $142,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 78 | $9,930,000 | $127,000 | $625,000 | $103,000 | $702,000 |
| Not applicable | 7 | $2,225,000 | $317,000 | $1,445,000 | $0 | $0 |
| Asian | 2 | $480,000 | $240,000 | $355,000 | $412,000 | $412,000 |
| 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 Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 87 | $12,635,000 | $145,000 | $1,445,000 | $107,000 | $702,000 |
| 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 | 75 | $11,315,000 | $150,000 | $1,445,000 | $112,000 | $702,000 |
| Application Denied By Financial Institution | 4 | $350,000 | $87,000 | $185,000 | $87,000 | $103,000 |
| Application Withdrawn By Applicant | 4 | $590,000 | $147,000 | $175,000 | $86,000 | $111,000 |
| File Closed For Incompleteness | 4 | $380,000 | $95,000 | $195,000 | $80,000 | $111,000 |
| 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 | 87 | $12,635,000 | $145,000 | $1,445,000 | $107,000 | $702,000 |
| 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 |
| Not applicable | 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 Cedar Valley Bank & Trust's 2023 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.
For a list of all lenders in Iowa, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About