Think Mutual Bank Mortgage Lending & HMDA Data, 2012

In 2012, Think Mutual Bank of Rochester, MN reported 2,056 mortgage applications totaling $341.6 million, up 28% from 2011. The average application was for $166,136, and applicants reported an average income of $105,765. 67% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Rochester, MN (1,103), Minneapolis-St. Paul-Bloomington, MN-WI (394) and Chicago-Joliet-Naperville, IL (84) (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 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 2,056
Total Mortgage Loan Application Amount $341,576,000
Average Mortgage Loan Application Amount $166,136
Highest Mortgage Loan Application Amount $990,000
Average Applicant Income $105,765
Highest Applicant Income $1,321,000

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Act (HMDA) records Think Mutual Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Olmsted, Minnesota 964 $ 153,540,000 $ 159,273 $ 100,000
Hennepin, Minnesota 142 $ 25,841,000 $ 181,978 $ 122,000
Dakota, Minnesota 92 $ 15,519,000 $ 168,684 $ 117,000
Dodge, Minnesota 75 $ 11,434,000 $ 152,453 $ 95,000
Wabasha, Minnesota 64 $ 10,418,000 $ 162,781 $ 96,000
Cook, Illinois 51 $ 8,691,000 $ 170,411 $ 101,000
Goodhue, Minnesota 48 $ 7,389,000 $ 153,937 $ 94,000
Ramsey, Minnesota 37 $ 6,532,000 $ 176,540 $ 109,000
Washington, Minnesota 30 $ 5,828,000 $ 194,266 $ 124,000
Anoka, Minnesota 28 $ 4,660,000 $ 166,428 $ 96,000
Fillmore, Minnesota 28 $ 3,237,000 $ 115,607 $ 80,000
Maricopa, Arizona 23 $ 5,051,000 $ 219,608 $ 124,000
St. Louis, Missouri 23 $ 4,503,000 $ 195,782 $ 91,000
Carver, Minnesota 22 $ 4,856,000 $ 220,727 $ 140,000
Mower, Minnesota 22 $ 2,825,000 $ 128,409 $ 97,000
Winona, Minnesota 21 $ 3,263,000 $ 155,380 $ 70,000
Scott, Minnesota 19 $ 3,854,000 $ 202,842 $ 111,000
Johnson, Kansas 14 $ 2,381,000 $ 170,071 $ 112,000
DuPage, Illinois 13 $ 2,918,000 $ 224,461 $ 135,000
Jackson, Missouri 12 $ 1,984,000 $ 165,333 $ 101,000
Will, Illinois 11 $ 2,444,000 $ 222,181 $ 130,000
Wright, Minnesota 9 $ 1,650,000 $ 183,333 $ 136,000
St. Charles, Missouri 9 $ 1,430,000 $ 158,888 $ 101,000
Douglas, Minnesota 8 $ 1,493,000 $ 186,625 $ 139,000
Steele, Minnesota 7 $ 1,627,000 $ 232,428 $ 132,000
Douglas, Nebraska 7 $ 1,205,000 $ 172,142 $ 137,000
Cass, Minnesota 6 $ 1,090,000 $ 181,666 $ 111,000
Crow Wing, Minnesota 6 $ 1,514,000 $ 252,333 $ 252,000
Freeborn, Minnesota 6 $ 698,000 $ 116,333 $ 98,000
Kane, Illinois 5 $ 752,000 $ 150,400 $ 117,000
Lake, Illinois 5 $ 2,122,000 $ 424,400 $ 251,000
Sherburne, Minnesota 5 $ 774,000 $ 154,800 $ 149,000
St. Louis, Minnesota 5 $ 815,000 $ 163,000 $ 155,000
Stearns, Minnesota 5 $ 783,000 $ 156,600 $ 106,000
Greene, Missouri 5 $ 587,000 $ 117,400 $ 72,000
Platte, Missouri 5 $ 702,000 $ 140,400 $ 121,000
Milwaukee, Wisconsin 5 $ 656,000 $ 131,200 $ 71,000
St. Croix, Wisconsin 5 $ 738,000 $ 147,600 $ 92,000
Pinal, Arizona 4 $ 674,000 $ 168,500 $ 121,000
Miami-Dade, Florida 4 $ 1,079,000 $ 269,750 $ 106,000
Itasca, Minnesota 4 $ 1,087,000 $ 271,750 $ 152,000
Lee, Florida 3 $ 1,415,000 $ 471,666 $ 173,000
Manatee, Florida 3 $ 551,000 $ 183,666 $ 175,000
McHenry, Illinois 3 $ 590,000 $ 196,666 $ 130,000
Iowa, Iowa 3 $ 275,000 $ 91,666 $ 66,000
Le Sueur, Minnesota 3 $ 545,000 $ 181,666 $ 122,000
Martin, Minnesota 3 $ 261,000 $ 87,000 $ 66,000
McLeod, Minnesota 3 $ 465,000 $ 155,000 $ 117,000
Rice, Minnesota 3 $ 842,000 $ 280,666 $ 107,000
Ray, Missouri 3 $ 302,000 $ 100,666 $ 73,000
St. Louis City, Missouri 3 $ 364,000 $ 121,333 $ 70,000
Lancaster, Nebraska 3 $ 292,000 $ 97,333 $ 102,000
Sarpy, Nebraska 3 $ 624,000 $ 208,000 $ 123,000
Burnett, Wisconsin 3 $ 463,000 $ 154,333 $ 181,000
Dane, Wisconsin 3 $ 476,000 $ 158,666 $ 95,000
Eau Claire, Wisconsin 3 $ 456,000 $ 152,000 $ 113,000
La Crosse, Wisconsin 3 $ 411,000 $ 137,000 $ 79,000
Ozaukee, Wisconsin 3 $ 389,000 $ 129,666 $ 123,000
Pierce, Wisconsin 3 $ 858,000 $ 286,000 $ 167,000
Waukesha, Wisconsin 3 $ 645,000 $ 215,000 $ 110,000
Pima, Arizona 2 $ 295,000 $ 147,500 $ 127,000
Brevard, Florida 2 $ 570,000 $ 285,000 $ 171,000
Indian River, Florida 2 $ 308,000 $ 154,000 $ 121,000
Douglas, Illinois 2 $ 391,000 $ 195,500 $ 97,000
LaSalle, Illinois 2 $ 228,000 $ 114,000 $ 50,000
Dallas, Iowa 2 $ 643,000 $ 321,500 $ 164,000
Plymouth, Iowa 2 $ 324,000 $ 162,000 $ 82,000
Polk, Iowa 2 $ 160,000 $ 80,000 $ 78,000
Anderson, Kansas 2 $ 175,000 $ 87,500 $ 138,000
Shawnee, Kansas 2 $ 397,000 $ 198,500 $ 127,000
Aitkin, Minnesota 2 $ 154,000 $ 77,000 $ 150,000
Becker, Minnesota 2 $ 364,000 $ 182,000 $ 140,000
Blue Earth, Minnesota 2 $ 572,000 $ 286,000 $ 109,000
Hubbard, Minnesota 2 $ 518,000 $ 259,000 $ 68,000
Kandiyohi, Minnesota 2 $ 310,000 $ 155,000 $ 172,000
Lake, Minnesota 2 $ 780,000 $ 390,000 $ 228,000
Lake of the Woods, Minnesota 2 $ 215,000 $ 107,500 $ 87,000
Pine, Minnesota 2 $ 376,000 $ 188,000 $ 152,000
Waseca, Minnesota 2 $ 345,000 $ 172,500 $ 118,000
Lincoln, South Dakota 2 $ 404,000 $ 202,000 $ 116,000
Pennington, South Dakota 2 $ 255,000 $ 127,500 $ 72,000
Barron, Wisconsin 2 $ 237,000 $ 118,500 $ 66,000
Buffalo, Wisconsin 2 $ 227,000 $ 113,500 $ 55,000
Calumet, Wisconsin 2 $ 305,000 $ 152,500 $ 83,000
Chippewa, Wisconsin 2 $ 247,000 $ 123,500 $ 73,000
Clark, Wisconsin 2 $ 579,000 $ 289,500 $ 230,000
Pepin, Wisconsin 2 $ 246,000 $ 123,000 $ 64,000
Polk, Wisconsin 2 $ 335,000 $ 167,500 $ 145,000
Washington, Wisconsin 2 $ 290,000 $ 145,000 $ 112,000
Mohave, Arizona 1 $ 164,000 $ 164,000 $ 68,000
Sacramento, California 1 $ 8,000 $ 8,000 $ 42,000
Collier, Florida 1 $ 259,000 $ 259,000 $ 129,000
Duval, Florida 1 $ 100,000 $ 100,000 $ 148,000
Hillsborough, Florida 1 $ 235,000 $ 235,000 $ 107,000
Leon, Florida 1 $ 65,000 $ 65,000 $ 33,000
Okaloosa, Florida 1 $ 196,000 $ 196,000 $ 208,000
Polk, Florida 1 $ 110,000 $ 110,000 $ 133,000
Santa Rosa, Florida 1 $ 125,000 $ 125,000 $ 39,000
Sumter, Florida 1 $ 388,000 $ 388,000 $ 150,000
Volusia, Florida 1 $ 115,000 $ 115,000 $ 98,000
Brown, Illinois 1 $ 55,000 $ 55,000 $ 52,000
Clinton, Illinois 1 $ 209,000 $ 209,000 $ 87,000
Kendall, Illinois 1 $ 75,000 $ 75,000 $ 57,000
Logan, Illinois 1 $ 74,000 $ 74,000 $ 25,000
Madison, Illinois 1 $ 91,000 $ 91,000 $ 86,000
McLean, Illinois 1 $ 108,000 $ 108,000 $ 90,000
Sangamon, Illinois 1 $ 75,000 $ 75,000 $ 103,000
St. Clair, Illinois 1 $ 129,000 $ 129,000 $ 71,000
Whiteside, Illinois 1 $ 77,000 $ 77,000 $ 61,000
Winnebago, Illinois 1 $ 67,000 $ 67,000 $ 58,000
Lake, Indiana 1 $ 265,000 $ 265,000 $ 99,000
Marion, Indiana 1 $ 165,000 $ 165,000 $ 122,000
Monroe, Indiana 1 $ 7,000 $ 7,000 $ 105,000
Porter, Indiana 1 $ 173,000 $ 173,000 $ 43,000
St. Joseph, Indiana 1 $ 189,000 $ 189,000 $ 202,000
Tippecanoe, Indiana 1 $ 172,000 $ 172,000 $ 90,000
Benton, Iowa 1 $ 30,000 $ 30,000 $ 83,000
Black Hawk, Iowa 1 $ 357,000 $ 357,000 $ 212,000
Cerro Gordo, Iowa 1 $ 65,000 $ 65,000 $ 41,000
Howard, Iowa 1 $ 104,000 $ 104,000 $ 90,000
Ida, Iowa 1 $ 89,000 $ 89,000 $ 68,000
Scott, Iowa 1 $ 272,000 $ 272,000 $ 140,000
Story, Iowa 1 $ 125,000 $ 125,000 $ 144,000
Douglas, Kansas 1 $ 88,000 $ 88,000 $ 146,000
Sedgwick, Kansas 1 $ 33,000 $ 33,000 $ 49,000
Sagadahoc, Maine 1 $ 4,000 $ 4,000 $ 42,000
Beltrami, Minnesota 1 $ 132,000 $ 132,000 $ 63,000
Benton, Minnesota 1 $ 192,000 $ 192,000 $ 87,000
Carlton, Minnesota 1 $ 97,000 $ 97,000 $ 52,000
Chisago, Minnesota 1 $ 226,000 $ 226,000 $ 129,000
Clay, Minnesota 1 $ 181,000 $ 181,000 $ 81,000
Cook, Minnesota 1 $ 151,000 $ 151,000 $ 80,000
Cottonwood, Minnesota 1 $ 104,000 $ 104,000 $ 35,000
Grant, Minnesota 1 $ 226,000 $ 226,000 $ 83,000
Houston, Minnesota 1 $ 54,000 $ 54,000 $ 55,000
Isanti, Minnesota 1 $ 99,000 $ 99,000 $ 121,000
Meeker, Minnesota 1 $ 105,000 $ 105,000 $ 48,000
Mille Lacs, Minnesota 1 $ 65,000 $ 65,000 $ 55,000
Pennington, Minnesota 1 $ 156,000 $ 156,000 $ 93,000
Pipestone, Minnesota 1 $ 192,000 $ 192,000 $ 122,000
Pope, Minnesota 1 $ 163,000 $ 163,000 $ 49,000
Rock, Minnesota 1 $ 208,000 $ 208,000 $ 94,000
Barry, Missouri 1 $ 278,000 $ 278,000 $ 169,000
Benton, Missouri 1 $ 77,000 $ 77,000 $ 28,000
Boone, Missouri 1 $ 185,000 $ 185,000 $ 213,000
Camden, Missouri 1 $ 130,000 $ 130,000 $ 45,000
Cass, Missouri 1 $ 216,000 $ 216,000 $ 78,000
Clay, Missouri 1 $ 135,000 $ 135,000 $ 99,000
Cooper, Missouri 1 $ 155,000 $ 155,000 $ 50,000
Jasper, Missouri 1 $ 77,000 $ 77,000 $ 66,000
Jefferson, Missouri 1 $ 52,000 $ 52,000 $ 99,000
Johnson, Missouri 1 $ 144,000 $ 144,000 $ 141,000
Lincoln, Missouri 1 $ 106,000 $ 106,000 $ 121,000
Stone, Missouri 1 $ 372,000 $ 372,000 $ 264,000
Dodge, Nebraska 1 $ 130,000 $ 130,000 $ 207,000
Wayne, Nebraska 1 $ 252,000 $ 252,000 $ 92,000
Brookings, South Dakota 1 $ 163,000 $ 163,000 $ 53,000
Hughes, South Dakota 1 $ 145,000 $ 145,000 $ 56,000
Lawrence, South Dakota 1 $ 136,000 $ 136,000 $ 51,000
Salt Lake, Utah 1 $ 15,000 $ 15,000 $ 65,000
Ashland, Wisconsin 1 $ 180,000 $ 180,000 $ 90,000
Bayfield, Wisconsin 1 $ 210,000 $ 210,000 $ 131,000
Brown, Wisconsin 1 $ 90,000 $ 90,000 $ 139,000
Grant, Wisconsin 1 $ 69,000 $ 69,000 $ 72,000
Kenosha, Wisconsin 1 $ 95,000 $ 95,000 $ 43,000
Outagamie, Wisconsin 1 $ 229,000 $ 229,000 $ 128,000
Portage, Wisconsin 1 $ 125,000 $ 125,000 $ 111,000
Price, Wisconsin 1 $ 174,000 $ 174,000 $ 200,000
Racine, Wisconsin 1 $ 23,000 $ 23,000 $ 32,000
Rusk, Wisconsin 1 $ 150,000 $ 150,000 $ 48,000
Sauk, Wisconsin 1 $ 264,000 $ 264,000 $ 323,000
Sawyer, Wisconsin 1 $ 210,000 $ 210,000 $ 235,000
Walworth, Wisconsin 1 $ 342,000 $ 342,000 $ 81,000
Washburn, Wisconsin 1 $ 308,000 $ 308,000 $ 215,000

Mortgage Loan Application Detail Totals for Think Mutual Bank in 2012

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 1,556 $262,269,000 $168,000 $903,000 $107,000 $1,321,000
Home Purchase 423 $76,467,000 $180,000 $990,000 $101,000 $779,000
Home Improvement 77 $2,840,000 $36,000 $381,000 $107,000 $344,000

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 1,731 $290,672,000 $167,000 $990,000 $105,000 $1,321,000
Not Provided 224 $35,568,000 $158,000 $540,000 $111,000 $779,000
Asian 47 $7,766,000 $165,000 $385,000 $94,000 $285,000
Hispanic 32 $4,658,000 $145,000 $307,000 $112,000 $237,000
Black or African American 17 $2,236,000 $131,000 $415,000 $79,000 $255,000
Native Hawaiian or Other Pacific Islander 4 $551,000 $137,000 $400,000 $133,000 $245,000
Not applicable 1 $125,000 $125,000 $125,000 $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) 2,054 $341,261,000 $166,000 $990,000 $106,000 $1,321,000
FHA-insured (Federal Housing Administration) 2 $315,000 $157,000 $173,000 $60,000 $74,000
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 1,381 $228,444,000 $165,000 $705,000 $108,000 $595,000
Application Approved But Not Accepted 388 $68,356,000 $176,000 $903,000 $110,000 $1,321,000
Application Denied By Financial Institution 175 $24,261,000 $138,000 $990,000 $74,000 $779,000
Application Withdrawn By Applicant 110 $20,307,000 $184,000 $648,000 $111,000 $365,000
File Closed For Incompleteness 2 $208,000 $104,000 $108,000 $84,000 $108,000
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 68 $11,038,000 $162,000 $990,000 $67,000 $452,000
Credit History 52 $7,149,000 $137,000 $355,000 $89,000 $779,000
Collateral 43 $5,236,000 $121,000 $460,000 $74,000 $204,000
Insufficient Cash (Downpayment, Closing Cost) 7 $343,000 $49,000 $158,000 $62,000 $113,000
Other 3 $399,000 $133,000 $195,000 $70,000 $96,000
Employment History 2 $96,000 $48,000 $70,000 $9,000 $19,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Think Mutual Bank's 2012 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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