Alpine Bank & Trust Co. Mortgage Lending & HMDA Data, 2011
In 2011, Alpine Bank & Trust Co. of Rockford, IL reported 2,219 mortgage applications totaling $258.7 million, down 21% from 2010. The average application was for $116,567, and applicants reported an average income of $81,886. 82% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Rockford, IL (1,970), Chicago-Joliet-Naperville, IL (59) and Janesville, WI (11) (applications in parentheses).
| Mortgage Company & Address | Alpine Bank & Trust Co. 1700 N Alpine Rd Rockford, IL 61107 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 2,219 |
| Total Mortgage Loan Application Amount | $258,663,000 |
| Average Mortgage Loan Application Amount | $116,567 |
| Highest Mortgage Loan Application Amount | $5,575,000 |
| Average Applicant Income | $81,886 |
| Highest Applicant Income | $7,220,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alpine Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Alpine Bank & Trust Co. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,595 | $195,851,000 | $122,000 | $5,575,000 | $88,000 | $7,220,000 |
| Home Purchase | 558 | $61,933,000 | $110,000 | $600,000 | $67,000 | $544,000 |
| Home Improvement | 66 | $879,000 | $13,000 | $158,000 | $60,000 | $148,000 |
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 | 2,006 | $229,201,000 | $114,000 | $1,260,000 | $80,000 | $7,220,000 |
| Hispanic | 79 | $8,118,000 | $102,000 | $427,000 | $58,000 | $310,000 |
| Not Provided | 57 | $4,623,000 | $81,000 | $301,000 | $159,000 | $3,380,000 |
| Black or African American | 37 | $4,200,000 | $113,000 | $302,000 | $68,000 | $181,000 |
| Asian | 33 | $4,712,000 | $142,000 | $353,000 | $106,000 | $377,000 |
| American Indian or Alaskan Native | 4 | $582,000 | $145,000 | $330,000 | $88,000 | $113,000 |
| Not applicable | 3 | $7,227,000 | $2,409,000 | $5,575,000 | $0 | $0 |
| 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) | 1,946 | $230,246,000 | $118,000 | $5,575,000 | $83,000 | $3,380,000 |
| FHA-insured (Federal Housing Administration) | 243 | $24,165,000 | $99,000 | $300,000 | $77,000 | $7,220,000 |
| VA-guaranteed (Veterans Administration) | 29 | $4,094,000 | $141,000 | $310,000 | $64,000 | $325,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $158,000 | $158,000 | $158,000 | $43,000 | $43,000 |
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 | 1,820 | $213,989,000 | $117,000 | $5,575,000 | $78,000 | $1,867,000 |
| Application Denied By Financial Institution | 165 | $17,867,000 | $108,000 | $409,000 | $107,000 | $7,220,000 |
| Application Withdrawn By Applicant | 124 | $16,232,000 | $130,000 | $338,000 | $115,000 | $3,380,000 |
| Preapproval Denied by Financial Institution | 77 | $7,443,000 | $96,000 | $306,000 | $53,000 | $325,000 |
| Application Approved But Not Accepted | 29 | $2,768,000 | $95,000 | $250,000 | $85,000 | $682,000 |
| File Closed For Incompleteness | 4 | $364,000 | $91,000 | $102,000 | $53,000 | $89,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 100 | $10,576,000 | $105,000 | $306,000 | $57,000 | $325,000 |
| Collateral | 72 | $9,458,000 | $131,000 | $409,000 | $78,000 | $310,000 |
| Debt-To-Income Ratio | 23 | $2,577,000 | $112,000 | $300,000 | $39,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $547,000 | $78,000 | $145,000 | $51,000 | $157,000 |
| Other | 7 | $643,000 | $91,000 | $166,000 | $45,000 | $72,000 |
| Employment History | 5 | $410,000 | $82,000 | $170,000 | $26,000 | $70,000 |
| Credit Application Incomplete | 3 | $232,000 | $77,000 | $106,000 | $53,000 | $71,000 |
| 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 Alpine Bank & Trust Co.'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 Alpine Bank & Trust Co.'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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