Two Rivers Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Two Rivers Bank & Trust of Burlington, IA reported 477 mortgage applications totaling $87.4 million, up 4% from 2021. The average application was for $183,218, and applicants reported an average income of $103,371. 80% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Des Moines-West Des Moines, IA (51), Iowa City, IA (21) and Cedar Rapids, IA (6) (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 | 477 |
| Total Mortgage Loan Application Amount | $87,395,000 |
| Average Mortgage Loan Application Amount | $183,218 |
| Highest Mortgage Loan Application Amount | $6,215,000 |
| Average Applicant Income | $103,371 |
| Highest Applicant Income | $1,467,000 |
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(HMDA) records Two Rivers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 391 | $ 58,985,000 | $ 150,856 | $ 88,462 |
| Des Moines-West Des Moines, IA | 51 | $ 18,255,000 | $ 357,941 | $ 181,000 |
| Iowa City, IA | 21 | $ 5,215,000 | $ 248,333 | $ 163,000 |
| Cedar Rapids, IA | 6 | $ 2,460,000 | $ 410,000 | $ 140,000 |
| Chicago-Naperville, IL | 3 | $ 235,000 | $ 78,333 | $ 0 |
| Ames, IA | 2 | $ 610,000 | $ 305,000 | $ 201,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 265,000 | $ 265,000 | $ 213,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 615,000 | $ 615,000 | $ 360,000 |
| Providence-Warwick, RI-MA | 1 | $ 755,000 | $ 755,000 | $ 394,000 |
Mortgage Loan Application Detail Totals for Two Rivers Bank & Trust in 2022
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 | 249 | $56,805,000 | $228,000 | $6,215,000 | $109,000 | $1,467,000 |
| Refinancing | 122 | $24,980,000 | $204,000 | $3,005,000 | $94,000 | $480,000 |
| Home Improvement | 77 | $2,755,000 | $35,000 | $355,000 | $93,000 | $480,000 |
| Other Purpose | 29 | $2,855,000 | $98,000 | $755,000 | $122,000 | $480,000 |
| 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 | 398 | $56,400,000 | $141,000 | $965,000 | $103,000 | $1,467,000 |
| Not applicable | 33 | $23,135,000 | $701,000 | $6,215,000 | $0 | $0 |
| Not Provided | 17 | $3,075,000 | $180,000 | $555,000 | $117,000 | $480,000 |
| Hispanic | 15 | $1,555,000 | $103,000 | $325,000 | $77,000 | $425,000 |
| Asian | 6 | $1,070,000 | $178,000 | $385,000 | $82,000 | $143,000 |
| Black or African American | 6 | $1,200,000 | $200,000 | $645,000 | $155,000 | $480,000 |
| American Indian or Alaskan Native | 1 | $205,000 | $205,000 | $205,000 | $54,000 | $54,000 |
| 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) | 475 | $87,115,000 | $183,000 | $6,215,000 | $103,000 | $1,467,000 |
| FHA-insured (Federal Housing Administration) | 1 | $115,000 | $115,000 | $115,000 | $46,000 | $46,000 |
| VA-guaranteed (Veterans Administration) | 1 | $165,000 | $165,000 | $165,000 | $110,000 | $110,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 381 | $75,435,000 | $197,000 | $6,215,000 | $111,000 | $1,467,000 |
| Application Denied By Financial Institution | 44 | $4,840,000 | $110,000 | $645,000 | $70,000 | $480,000 |
| Application Withdrawn By Applicant | 34 | $4,310,000 | $126,000 | $495,000 | $73,000 | $213,000 |
| Application Approved But Not Accepted | 16 | $2,650,000 | $165,000 | $655,000 | $94,000 | $190,000 |
| Loan Purchased By The Institution | 2 | $160,000 | $80,000 | $85,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 477 | $87,395,000 | $183,000 | $6,215,000 | $103,000 | $1,467,000 |
| 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 Two Rivers Bank & Trust's 2022 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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