Two Rivers Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Two Rivers Bank & Trust of Burlington, IA reported 334 mortgage applications totaling $43.8 million, down 3% from 2023. The average application was for $131,167, and applicants reported an average income of $88,023. 70% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Iowa City, IA (22), Des Moines-West Des Moines, IA (15) and Cedar Rapids, IA (5) (applications in parentheses).
| Mortgage Company & Address | Two Rivers Bank & Trust 222 N. Main St Burlington, IA 52601 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 2010 2008 2007 2006 |
| Total Number of Mortgage Applications | 334 |
| Total Mortgage Loan Application Amount | $43,810,000 |
| Average Mortgage Loan Application Amount | $131,167 |
| Highest Mortgage Loan Application Amount | $7,315,000 |
| Average Applicant Income | $88,023 |
| Highest Applicant Income | $430,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Two Rivers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Des Moines, Iowa | 131 | $ 9,535,000 | $ 72,786 | $ 86,000 |
| Lee, Iowa | 89 | $ 7,295,000 | $ 81,966 | $ 80,000 |
| Louisa, Iowa | 27 | $ 1,875,000 | $ 69,444 | $ 90,000 |
| Henry, Iowa | 23 | $ 1,305,000 | $ 56,739 | $ 75,000 |
| Johnson, Iowa | 17 | $ 6,445,000 | $ 379,117 | $ 93,000 |
| Polk, Iowa | 10 | $ 9,970,000 | $ 997,000 | $ 119,000 |
| Hancock, Illinois | 9 | $ 385,000 | $ 42,777 | $ 95,000 |
| Linn, Iowa | 5 | $ 1,605,000 | $ 321,000 | $ 128,000 |
| Washington, Iowa | 5 | $ 525,000 | $ 105,000 | $ 92,000 |
| Henderson, Illinois | 4 | $ 390,000 | $ 97,500 | $ 70,000 |
| Cedar, Iowa | 2 | $ 420,000 | $ 210,000 | $ 124,000 |
| Dallas, Iowa | 2 | $ 540,000 | $ 270,000 | $ 231,000 |
| Warren, Iowa | 2 | $ 1,760,000 | $ 880,000 | $ 93,000 |
| Lee, Florida | 1 | $ 235,000 | $ 235,000 | $ 176,000 |
| Butler, Iowa | 1 | $ 265,000 | $ 265,000 | $ 84,000 |
| Iowa, Iowa | 1 | $ 35,000 | $ 35,000 | $ 95,000 |
| Jefferson, Iowa | 1 | $ 65,000 | $ 65,000 | $ 153,000 |
| Madison, Iowa | 1 | $ 655,000 | $ 655,000 | $ 241,000 |
| Scott, Iowa | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Story, Iowa | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Van Buren, Iowa | 1 | $ 45,000 | $ 45,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for Two Rivers Bank & Trust in 2024
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 | 126 | $33,490,000 | $265,000 | $7,315,000 | $95,000 | $430,000 |
| Home Improvement | 98 | $3,690,000 | $37,000 | $185,000 | $84,000 | $303,000 |
| Other Purpose | 58 | $2,150,000 | $37,000 | $145,000 | $77,000 | $240,000 |
| Refinancing | 52 | $4,480,000 | $86,000 | $345,000 | $91,000 | $297,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 280 | $24,310,000 | $86,000 | $655,000 | $88,000 | $430,000 |
| Not applicable | 21 | $17,325,000 | $825,000 | $7,315,000 | $0 | $0 |
| Not Provided | 18 | $1,350,000 | $75,000 | $295,000 | $117,000 | $240,000 |
| Hispanic | 7 | $415,000 | $59,000 | $185,000 | $54,000 | $125,000 |
| Black or African American | 4 | $250,000 | $62,000 | $155,000 | $51,000 | $60,000 |
| American Indian or Alaskan Native | 3 | $75,000 | $25,000 | $45,000 | $53,000 | $57,000 |
| Asian | 1 | $85,000 | $85,000 | $85,000 | $37,000 | $37,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 334 | $43,810,000 | $131,000 | $7,315,000 | $88,000 | $430,000 |
| 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 | 235 | $35,985,000 | $153,000 | $7,315,000 | $96,000 | $430,000 |
| Application Denied By Financial Institution | 49 | $2,525,000 | $51,000 | $265,000 | $64,000 | $217,000 |
| Application Withdrawn By Applicant | 25 | $3,145,000 | $125,000 | $505,000 | $86,000 | $224,000 |
| Application Approved But Not Accepted | 24 | $2,140,000 | $89,000 | $305,000 | $67,000 | $176,000 |
| File Closed For Incompleteness | 1 | $15,000 | $15,000 | $15,000 | $54,000 | $54,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 285 | $41,285,000 | $144,000 | $7,315,000 | $92,000 | $430,000 |
| Credit History | 30 | $1,430,000 | $47,000 | $265,000 | $55,000 | $138,000 |
| Debt-To-Income Ratio | 14 | $540,000 | $38,000 | $235,000 | $71,000 | $217,000 |
| Collateral | 3 | $355,000 | $118,000 | $235,000 | $136,000 | $161,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $200,000 | $100,000 | $125,000 | $54,000 | $58,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Two Rivers Bank & Trust's 2024 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 Two Rivers 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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