Think Mutual Bank Mortgage Lending & HMDA Data, 2010

In 2010, Think Mutual Bank of Rochester, MN reported 2,705 mortgage applications totaling $373.4 million, down 32% from 2009. The average application was for $138,042, and applicants reported an average income of $98,859. 63% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Rochester, MN (1,266), Minneapolis-St. Paul-Bloomington, MN-WI (360) and Chicago-Joliet-Naperville, IL (131) (applications in parentheses).

Mortgage Company & Address Think Mutual Bank
5200 Members Parkway Nw
Rochester, MN 55901
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  
Total Number of Mortgage Applications 2,705
Total Mortgage Loan Application Amount $373,406,000
Average Mortgage Loan Application Amount $138,042
Highest Mortgage Loan Application Amount $1,200,000
Average Applicant Income $98,859
Highest Applicant Income $1,189,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Think Mutual Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Think Mutual Bank by County in 2010

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Olmsted, Minnesota 1,094 $ 134,718,000 $ 123,142 $ 97,000
Hennepin, Minnesota 139 $ 24,945,000 $ 179,460 $ 127,000
Dodge, Minnesota 106 $ 11,974,000 $ 112,962 $ 88,000
Dakota, Minnesota 69 $ 10,559,000 $ 153,028 $ 120,000
Wabasha, Minnesota 66 $ 8,328,000 $ 126,181 $ 88,000
Goodhue, Minnesota 65 $ 8,879,000 $ 136,600 $ 83,000
Cook, Illinois 62 $ 10,572,000 $ 170,516 $ 101,000
Fillmore, Minnesota 42 $ 3,672,000 $ 87,428 $ 106,000
DuPage, Illinois 33 $ 5,524,000 $ 167,393 $ 126,000
Washington, Minnesota 33 $ 5,678,000 $ 172,060 $ 127,000
Johnson, Kansas 31 $ 4,519,000 $ 145,774 $ 108,000
Mower, Minnesota 30 $ 3,030,000 $ 101,000 $ 71,000
Ramsey, Minnesota 30 $ 4,292,000 $ 143,066 $ 95,000
Anoka, Minnesota 28 $ 3,402,000 $ 121,500 $ 100,000
Jackson, Missouri 27 $ 2,191,000 $ 81,148 $ 80,000
Scott, Minnesota 22 $ 4,907,000 $ 223,045 $ 131,000
Winona, Minnesota 20 $ 2,201,000 $ 110,050 $ 72,000
Maricopa, Arizona 18 $ 2,541,000 $ 141,166 $ 88,000
St. Louis, Missouri 18 $ 4,047,000 $ 224,833 $ 152,000
Will, Illinois 15 $ 2,799,000 $ 186,600 $ 128,000
Polk, Iowa 14 $ 2,056,000 $ 146,857 $ 124,000
Carver, Minnesota 13 $ 2,449,000 $ 188,384 $ 127,000
Milwaukee, Wisconsin 13 $ 1,536,000 $ 118,153 $ 94,000
Kane, Illinois 11 $ 1,681,000 $ 152,818 $ 110,000
Rice, Minnesota 11 $ 1,738,000 $ 158,000 $ 137,000
Wright, Minnesota 11 $ 1,650,000 $ 150,000 $ 94,000
Lake, Illinois 10 $ 1,799,000 $ 179,900 $ 147,000
St. Charles, Missouri 10 $ 1,390,000 $ 139,000 $ 108,000
Waukesha, Wisconsin 10 $ 1,439,000 $ 143,900 $ 72,000
McHenry, Illinois 9 $ 1,344,000 $ 149,333 $ 118,000
Ozaukee, Wisconsin 9 $ 1,517,000 $ 168,555 $ 106,000
Steele, Minnesota 8 $ 821,000 $ 102,625 $ 109,000
Dane, Wisconsin 8 $ 1,228,000 $ 153,500 $ 134,000
Cass, Minnesota 7 $ 1,902,000 $ 271,714 $ 220,000
Crow Wing, Minnesota 7 $ 1,164,000 $ 166,285 $ 121,000
St. Louis, Minnesota 7 $ 450,000 $ 64,285 $ 101,000
Douglas, Nebraska 7 $ 1,205,000 $ 172,142 $ 109,000
Chippewa, Wisconsin 7 $ 949,000 $ 135,571 $ 113,000
Sherburne, Minnesota 6 $ 744,000 $ 124,000 $ 78,000
Sarpy, Nebraska 6 $ 684,000 $ 114,000 $ 96,000
Pinal, Arizona 5 $ 672,000 $ 134,400 $ 62,000
Lake, Indiana 5 $ 982,000 $ 196,400 $ 90,000
Douglas, Kansas 5 $ 516,000 $ 103,200 $ 63,000
Cass, Missouri 5 $ 832,000 $ 166,400 $ 106,000
Jefferson, Missouri 5 $ 803,000 $ 160,600 $ 109,000
Calumet, Wisconsin 5 $ 554,000 $ 110,800 $ 80,000
Eau Claire, Wisconsin 5 $ 623,000 $ 124,600 $ 91,000
St. Croix, Wisconsin 5 $ 686,000 $ 137,200 $ 89,000
Itasca, Minnesota 4 $ 579,000 $ 144,750 $ 155,000
Clay, Missouri 4 $ 439,000 $ 109,750 $ 85,000
Sumter, Florida 3 $ 430,000 $ 143,333 $ 111,000
LaPorte, Indiana 3 $ 314,000 $ 104,666 $ 78,000
Cerro Gordo, Iowa 3 $ 163,000 $ 54,333 $ 43,000
Shawnee, Kansas 3 $ 539,000 $ 179,666 $ 122,000
Blue Earth, Minnesota 3 $ 471,000 $ 157,000 $ 91,000
Hubbard, Minnesota 3 $ 441,000 $ 147,000 $ 69,000
Kandiyohi, Minnesota 3 $ 211,000 $ 70,333 $ 100,000
Le Sueur, Minnesota 3 $ 523,000 $ 174,333 $ 254,000
Waseca, Minnesota 3 $ 171,000 $ 57,000 $ 62,000
Camden, Missouri 3 $ 298,000 $ 99,333 $ 94,000
St. Louis City, Missouri 3 $ 335,000 $ 111,666 $ 70,000
Cass, North Dakota 3 $ 318,000 $ 106,000 $ 87,000
Barron, Wisconsin 3 $ 246,000 $ 82,000 $ 53,000
Kenosha, Wisconsin 3 $ 283,000 $ 94,333 $ 70,000
Pierce, Wisconsin 3 $ 219,000 $ 73,000 $ 92,000
Washington, Wisconsin 3 $ 507,000 $ 169,000 $ 149,000
Lee, Florida 2 $ 76,000 $ 38,000 $ 22,000
Miami-Dade, Florida 2 $ 327,000 $ 163,500 $ 138,000
Clinton, Illinois 2 $ 421,000 $ 210,500 $ 88,000
Douglas, Illinois 2 $ 517,000 $ 258,500 $ 155,000
Madison, Illinois 2 $ 258,000 $ 129,000 $ 85,000
Ogle, Illinois 2 $ 199,000 $ 99,500 $ 71,000
Porter, Indiana 2 $ 335,000 $ 167,500 $ 118,000
Black Hawk, Iowa 2 $ 196,000 $ 98,000 $ 58,000
Dallas, Iowa 2 $ 276,000 $ 138,000 $ 105,000
Winneshiek, Iowa 2 $ 91,000 $ 45,500 $ 36,000
Benton, Minnesota 2 $ 349,000 $ 174,500 $ 109,000
Cottonwood, Minnesota 2 $ 120,000 $ 60,000 $ 46,000
Freeborn, Minnesota 2 $ 48,000 $ 24,000 $ 93,000
Pine, Minnesota 2 $ 260,000 $ 130,000 $ 99,000
Pipestone, Minnesota 2 $ 32,000 $ 16,000 $ 97,000
Pope, Minnesota 2 $ 486,000 $ 243,000 $ 208,000
Renville, Minnesota 2 $ 121,000 $ 60,500 $ 57,000
Stearns, Minnesota 2 $ 492,000 $ 246,000 $ 134,000
Union, South Dakota 2 $ 256,000 $ 128,000 $ 98,000
Ashland, Wisconsin 2 $ 337,000 $ 168,500 $ 153,000
Jefferson, Wisconsin 2 $ 356,000 $ 178,000 $ 55,000
La Crosse, Wisconsin 2 $ 265,000 $ 132,500 $ 67,000
Marathon, Wisconsin 2 $ 90,000 $ 45,000 $ 106,000
Outagamie, Wisconsin 2 $ 118,000 $ 59,000 $ 51,000
Polk, Wisconsin 2 $ 318,000 $ 159,000 $ 182,000
Sawyer, Wisconsin 2 $ 389,000 $ 194,500 $ 196,000
Washburn, Wisconsin 2 $ 187,000 $ 93,500 $ 174,000
Yavapai, Arizona 1 $ 93,000 $ 93,000 $ 25,000
Yuma, Arizona 1 $ 131,000 $ 131,000 $ 91,000
Collier, Florida 1 $ 260,000 $ 260,000 $ 239,000
Hillsborough, Florida 1 $ 25,000 $ 25,000 $ 131,000
Indian River, Florida 1 $ 142,000 $ 142,000 $ 62,000
Manatee, Florida 1 $ 132,000 $ 132,000 $ 49,000
Marion, Florida 1 $ 76,000 $ 76,000 $ 29,000
Polk, Florida 1 $ 156,000 $ 156,000 $ 94,000
Sarasota, Florida 1 $ 184,000 $ 184,000 $ 66,000
Calhoun, Illinois 1 $ 58,000 $ 58,000 $ 108,000
DeKalb, Illinois 1 $ 360,000 $ 360,000 $ 169,000
Jersey, Illinois 1 $ 21,000 $ 21,000 $ 60,000
McLean, Illinois 1 $ 234,000 $ 234,000 $ 139,000
Rock Island, Illinois 1 $ 10,000 $ 10,000 $ 90,000
Stephenson, Illinois 1 $ 71,000 $ 71,000 $ 176,000
Vermilion, Illinois 1 $ 121,000 $ 121,000 $ 86,000
Winnebago, Illinois 1 $ 73,000 $ 73,000 $ 38,000
Marion, Indiana 1 $ 90,000 $ 90,000 $ 28,000
Marshall, Indiana 1 $ 98,000 $ 98,000 $ 39,000
St. Joseph, Indiana 1 $ 200,000 $ 200,000 $ 180,000
Clayton, Iowa 1 $ 84,000 $ 84,000 $ 58,000
Clinton, Iowa 1 $ 15,000 $ 15,000 $ 84,000
Ida, Iowa 1 $ 25,000 $ 25,000 $ 65,000
Iowa, Iowa 1 $ 188,000 $ 188,000 $ 109,000
Madison, Iowa 1 $ 125,000 $ 125,000 $ 45,000
Mitchell, Iowa 1 $ 70,000 $ 70,000 $ 58,000
Plymouth, Iowa 1 $ 120,000 $ 120,000 $ 67,000
Pottawattamie, Iowa 1 $ 134,000 $ 134,000 $ 131,000
Warren, Iowa 1 $ 61,000 $ 61,000 $ 102,000
Ford, Kansas 1 $ 150,000 $ 150,000 $ 77,000
Sedgwick, Kansas 1 $ 224,000 $ 224,000 $ 111,000
Wyandotte, Kansas 1 $ 222,000 $ 222,000 $ 210,000
Aitkin, Minnesota 1 $ 150,000 $ 150,000 $ 153,000
Beltrami, Minnesota 1 $ 107,000 $ 107,000 $ 61,000
Brown, Minnesota 1 $ 88,000 $ 88,000 $ 80,000
Carlton, Minnesota 1 $ 270,000 $ 270,000 $ 146,000
Chisago, Minnesota 1 $ 13,000 $ 13,000 $ 40,000
Clay, Minnesota 1 $ 136,000 $ 136,000 $ 60,000
Clearwater, Minnesota 1 $ 85,000 $ 85,000 $ 182,000
Douglas, Minnesota 1 $ 115,000 $ 115,000 $ 65,000
Houston, Minnesota 1 $ 31,000 $ 31,000 $ 51,000
Jackson, Minnesota 1 $ 40,000 $ 40,000 $ 99,000
Lyon, Minnesota 1 $ 290,000 $ 290,000 $ 118,000
Morrison, Minnesota 1 $ 248,000 $ 248,000 $ 131,000
Nobles, Minnesota 1 $ 17,000 $ 17,000 $ 62,000
Otter Tail, Minnesota 1 $ 26,000 $ 26,000 $ 33,000
Rock, Minnesota 1 $ 115,000 $ 115,000 $ 75,000
Sibley, Minnesota 1 $ 101,000 $ 101,000 $ 79,000
Watonwan, Minnesota 1 $ 108,000 $ 108,000 $ 61,000
Adair, Missouri 1 $ 20,000 $ 20,000 $ 132,000
Barry, Missouri 1 $ 122,000 $ 122,000 $ 80,000
Boone, Missouri 1 $ 132,000 $ 132,000 $ 177,000
Cooper, Missouri 1 $ 29,000 $ 29,000 $ 60,000
Franklin, Missouri 1 $ 53,000 $ 53,000 $ 134,000
Greene, Missouri 1 $ 23,000 $ 23,000 $ 57,000
Harrison, Missouri 1 $ 190,000 $ 190,000 $ 115,000
Jasper, Missouri 1 $ 124,000 $ 124,000 $ 56,000
Stoddard, Missouri 1 $ 54,000 $ 54,000 $ 24,000
Stone, Missouri 1 $ 383,000 $ 383,000 $ 316,000
Lancaster, Nebraska 1 $ 55,000 $ 55,000 $ 105,000
Grand Forks, North Dakota 1 $ 90,000 $ 90,000 $ 234,000
Hamlin, South Dakota 1 $ 230,000 $ 230,000 $ 165,000
Bayfield, Wisconsin 1 $ 256,000 $ 256,000 $ 74,000
Brown, Wisconsin 1 $ 48,000 $ 48,000 $ 90,000
Burnett, Wisconsin 1 $ 175,000 $ 175,000 $ 191,000
Dodge, Wisconsin 1 $ 253,000 $ 253,000 $ 85,000
Dunn, Wisconsin 1 $ 59,000 $ 59,000 $ 45,000
Jackson, Wisconsin 1 $ 20,000 $ 20,000 $ 80,000
Marinette, Wisconsin 1 $ 109,000 $ 109,000 $ 30,000
Oneida, Wisconsin 1 $ 145,000 $ 145,000 $ 19,000
Portage, Wisconsin 1 $ 35,000 $ 35,000 $ 85,000
Racine, Wisconsin 1 $ 222,000 $ 222,000 $ 78,000
Richland, Wisconsin 1 $ 197,000 $ 197,000 $ 89,000
Rock, Wisconsin 1 $ 104,000 $ 104,000 $ 78,000
Rusk, Wisconsin 1 $ 150,000 $ 150,000 $ 190,000
Vilas, Wisconsin 1 $ 190,000 $ 190,000 $ 240,000
Winnebago, Wisconsin 1 $ 60,000 $ 60,000 $ 197,000

Mortgage Loan Application Detail Totals for Think Mutual Bank in 2010

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 1,760 $253,036,000 $143,000 $1,200,000 $104,000 $1,189,000
Home Purchase 810 $116,250,000 $143,000 $1,200,000 $87,000 $415,000
Home Improvement 135 $4,120,000 $30,000 $150,000 $103,000 $299,000

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 2,131 $289,422,000 $135,000 $1,200,000 $98,000 $1,189,000
Not Provided 430 $63,885,000 $148,000 $840,000 $104,000 $865,000
Asian 67 $10,525,000 $157,000 $560,000 $100,000 $323,000
Hispanic 43 $5,480,000 $127,000 $417,000 $107,000 $360,000
Black or African American 26 $3,158,000 $121,000 $325,000 $66,000 $166,000
American Indian or Alaskan Native 4 $553,000 $138,000 $178,000 $55,000 $73,000
Native Hawaiian or Other Pacific Islander 2 $198,000 $99,000 $160,000 $77,000 $102,000
Not applicable 2 $185,000 $92,000 $105,000 $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) 2,705 $373,406,000 $138,000 $1,200,000 $99,000 $1,189,000
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 1,692 $220,614,000 $130,000 $1,200,000 $103,000 $1,100,000
Application Approved But Not Accepted 384 $62,246,000 $162,000 $597,000 $108,000 $1,189,000
Application Denied By Financial Institution 291 $36,358,000 $124,000 $560,000 $77,000 $325,000
Preapproval Approved but not Accepted 201 $36,552,000 $181,000 $1,200,000 $91,000 $307,000
File Closed For Incompleteness 70 $11,398,000 $162,000 $520,000 $77,000 $411,000
Application Withdrawn By Applicant 41 $2,198,000 $53,000 $217,000 $97,000 $251,000
Preapproval Denied by Financial Institution 26 $4,040,000 $155,000 $300,000 $67,000 $140,000
Loan Purchased By The 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 118 $14,310,000 $121,000 $340,000 $102,000 $325,000
Debt-To-Income Ratio 97 $14,573,000 $150,000 $417,000 $57,000 $174,000
Credit History 78 $8,130,000 $104,000 $307,000 $64,000 $252,000
Employment History 8 $918,000 $114,000 $155,000 $32,000 $56,000
Insufficient Cash (Downpayment, Closing Cost) 7 $1,580,000 $225,000 $560,000 $113,000 $323,000
Other 4 $312,000 $78,000 $120,000 $79,000 $140,000
Unverifiable Information 3 $321,000 $107,000 $140,000 $56,000 $73,000
Credit Application Incomplete 1 $75,000 $75,000 $75,000 $20,000 $20,000
Mortgage Insurance Denied 1 $179,000 $179,000 $179,000 $127,000 $127,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Think Mutual Bank's 2010 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 Think Mutual Bank'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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