Western Bank & Trust NA Mortgage Lending & HMDA Data, 2003
In 2003, Western Bank & Trust NA of Moville, IA reported 89 mortgage applications totaling $5.4 million. The average application was for $61,011, and applicants reported an average income of $54,224. 84% of its applications resulted in an originated loan and 10% were denied. Its largest market was Sioux City, IA-NE (65).
| Mortgage Company & Address | Western Bank & Trust NA 120 S. 1st Street Moville, IA 51039 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 89 |
| Total Mortgage Loan Application Amount | $5,430,000 |
| Average Mortgage Loan Application Amount | $61,011 |
| Highest Mortgage Loan Application Amount | $210,000 |
| Average Applicant Income | $54,224 |
| Highest Applicant Income | $245,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Western Bank & Trust NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Western Bank & Trust NA in 2003
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 (home purchase or home improvement, one-to-four family) | 63 | $4,045,000 | $64,000 | $210,000 | $60,000 | $245,000 |
| Home Purchase (one-to-four family) | 23 | $1,375,000 | $81,500 | $161,000 | $49,000 | $108,000 |
| Home Improvement (one-to-four family) | 3 | $10,000 | $3,000 | $6,000 | $36,000 | $42,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 88 | $5,324,000 | $60,000 | $210,000 | $49,000 | $245,000 |
| Other | 1 | $106,000 | $106,000 | $106,000 | $58,000 | $58,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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 | $5,332,000 | $83,000 | $210,000 | $54,000 | $245,000 |
| FHA-insured (Federal Housing Administration) | 1 | $27,000 | $27,000 | $27,000 | $29,000 | $29,000 |
| VA-guaranteed (Veterans Administration) | 1 | $71,000 | $71,000 | $71,000 | $52,000 | $52,000 |
| 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 | 75 | $4,660,000 | $83,500 | $210,000 | $54,500 | $245,000 |
| Application Denied By Financial Institution | 9 | $401,000 | $44,000 | $109,000 | $40,000 | $76,000 |
| Application Withdrawn By Applicant | 4 | $290,000 | $72,000 | $125,000 | $62,000 | $83,000 |
| Application Approved But Not Accepted | 1 | $79,000 | $79,000 | $79,000 | $51,000 | $51,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 7 | $212,000 | $30,000 | $70,000 | $28,000 | $64,000 |
| Debt-To-Income Ratio | 2 | $189,000 | $94,000 | $109,000 | $70,000 | $76,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Western Bank & Trust NA's 2003 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 Western Bank & Trust NA'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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