Western Security Bank Mortgage Lending & HMDA Data, 2011
In 2011, Western Security Bank of Billings, MT reported 860 mortgage applications totaling $140.8 million. The average application was for $163,743, and applicants reported an average income of $73,865. 85% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Billings, MT (706), Missoula, MT (13) and Great Falls, MT (1) (applications in parentheses).
| Mortgage Company & Address | Western Security Bank 2812 1st Ave North Billings, MT 59101 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 860 |
| Total Mortgage Loan Application Amount | $140,819,000 |
| Average Mortgage Loan Application Amount | $163,743 |
| Highest Mortgage Loan Application Amount | $770,000 |
| Average Applicant Income | $73,865 |
| Highest Applicant Income | $821,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Western Security Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Yellowstone, Montana | 680 | $ 111,497,000 | $ 163,966 | $ 73,000 |
| Fergus, Montana | 84 | $ 12,257,000 | $ 145,916 | $ 56,000 |
| Carbon, Montana | 26 | $ 5,093,000 | $ 195,884 | $ 98,000 |
| Stillwater, Montana | 21 | $ 3,572,000 | $ 170,095 | $ 63,000 |
| Missoula, Montana | 13 | $ 2,402,000 | $ 184,769 | $ 48,000 |
| Gallatin, Montana | 9 | $ 1,596,000 | $ 177,333 | $ 204,000 |
| Musselshell, Montana | 3 | $ 406,000 | $ 135,333 | $ 79,000 |
| Big Horn, Montana | 2 | $ 352,000 | $ 176,000 | $ 61,000 |
| Blaine, Montana | 2 | $ 220,000 | $ 110,000 | $ 100,000 |
| Dawson, Montana | 2 | $ 335,000 | $ 167,500 | $ 87,000 |
| Flathead, Montana | 2 | $ 403,000 | $ 201,500 | $ 77,000 |
| Golden Valley, Montana | 2 | $ 263,000 | $ 131,500 | $ 46,000 |
| Judith Basin, Montana | 2 | $ 409,000 | $ 204,500 | $ 181,000 |
| Ravalli, Montana | 2 | $ 355,000 | $ 177,500 | $ 77,000 |
| Rosebud, Montana | 2 | $ 406,000 | $ 203,000 | $ 0 |
| Beaverhead, Montana | 1 | $ 80,000 | $ 80,000 | $ 64,000 |
| Cascade, Montana | 1 | $ 47,000 | $ 47,000 | $ 28,000 |
| Custer, Montana | 1 | $ 151,000 | $ 151,000 | $ 67,000 |
| Lake, Montana | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Lewis and Clark, Montana | 1 | $ 168,000 | $ 168,000 | $ 103,000 |
| Park, Montana | 1 | $ 379,000 | $ 379,000 | $ 821,000 |
| Silver Bow, Montana | 1 | $ 67,000 | $ 67,000 | $ 194,000 |
| Valley, Montana | 1 | $ 133,000 | $ 133,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Western Security Bank in 2011
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 | 414 | $67,941,000 | $164,000 | $520,000 | $66,000 | $486,000 |
| Refinancing | 394 | $66,338,000 | $168,000 | $770,000 | $80,000 | $821,000 |
| Home Improvement | 52 | $6,540,000 | $125,000 | $387,000 | $90,000 | $583,000 |
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 | 835 | $137,267,000 | $164,000 | $770,000 | $75,000 | $821,000 |
| American Indian or Alaskan Native | 7 | $816,000 | $116,000 | $179,000 | $44,000 | $80,000 |
| Hispanic | 6 | $902,000 | $150,000 | $210,000 | $95,000 | $285,000 |
| Not applicable | 6 | $723,000 | $120,000 | $203,000 | $0 | $0 |
| Asian | 5 | $931,000 | $186,000 | $394,000 | $54,000 | $144,000 |
| Black or African American | 1 | $180,000 | $180,000 | $180,000 | $65,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 594 | $99,185,000 | $166,000 | $770,000 | $85,000 | $821,000 |
| FHA-insured (Federal Housing Administration) | 176 | $27,255,000 | $154,000 | $276,000 | $52,000 | $336,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 51 | $7,672,000 | $150,000 | $273,000 | $44,000 | $70,000 |
| VA-guaranteed (Veterans Administration) | 39 | $6,707,000 | $171,000 | $358,000 | $40,000 | $195,000 |
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 | 735 | $120,358,000 | $163,000 | $520,000 | $75,000 | $821,000 |
| Application Withdrawn By Applicant | 90 | $14,778,000 | $164,000 | $770,000 | $75,000 | $486,000 |
| Application Denied By Financial Institution | 34 | $5,570,000 | $163,000 | $378,000 | $58,000 | $285,000 |
| Loan Purchased By The Institution | 1 | $113,000 | $113,000 | $113,000 | $28,000 | $28,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 18 | $2,956,000 | $164,000 | $378,000 | $61,000 | $155,000 |
| Debt-To-Income Ratio | 7 | $1,218,000 | $174,000 | $292,000 | $34,000 | $52,000 |
| Collateral | 6 | $871,000 | $145,000 | $210,000 | $83,000 | $285,000 |
| Other | 2 | $265,000 | $132,000 | $145,000 | $37,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $260,000 | $260,000 | $260,000 | $65,000 | $65,000 |
| Mortgage Insurance Denied | 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 Western Security Bank's 2011 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 Security 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.
For a list of all lenders in Montana, download the full spreadsheet
with aggregated HMDA statistics today.
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