Alpine Bank & Trust Co. Mortgage Lending & HMDA Data, 2015
In 2015, Alpine Bank & Trust Co. of Rockford, IL reported 2,169 mortgage applications totaling $234.3 million, up 35% from 2014. The average application was for $108,027, and applicants reported an average income of $69,667. 74% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Rockford, IL (1,686), Chicago-Naperville-Arlington Heights, IL (40) and Elgin, IL (35) (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 | 2,169 |
| Total Mortgage Loan Application Amount | $234,312,000 |
| Average Mortgage Loan Application Amount | $108,027 |
| Highest Mortgage Loan Application Amount | $4,120,000 |
| Average Applicant Income | $69,667 |
| Highest Applicant Income | $1,188,000 |
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(HMDA) records Alpine Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 1,374 | $149,569,000 | $108,000 | $1,500,000 | $67,000 | $1,188,000 |
| Refinancing | 610 | $82,682,000 | $135,000 | $4,120,000 | $78,000 | $350,000 |
| Home Improvement | 185 | $2,061,000 | $11,000 | $229,000 | $62,000 | $200,000 |
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 | 1,830 | $195,989,000 | $107,000 | $1,500,000 | $72,000 | $1,188,000 |
| Hispanic | 161 | $13,553,000 | $84,000 | $301,000 | $49,000 | $399,000 |
| Black or African American | 90 | $7,765,000 | $86,000 | $367,000 | $58,000 | $612,000 |
| Not Provided | 38 | $1,018,000 | $26,000 | $264,000 | $62,000 | $137,000 |
| Asian | 31 | $3,624,000 | $116,000 | $410,000 | $84,000 | $360,000 |
| Not applicable | 14 | $12,022,000 | $858,000 | $4,120,000 | $11,000 | $163,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $300,000 | $75,000 | $149,000 | $45,000 | $75,000 |
| American Indian or Alaskan Native | 1 | $41,000 | $41,000 | $41,000 | $21,000 | $21,000 |
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) | 1,753 | $191,698,000 | $109,000 | $4,120,000 | $74,000 | $1,188,000 |
| FHA-insured (Federal Housing Administration) | 366 | $36,264,000 | $99,000 | $362,000 | $50,000 | $835,000 |
| VA-guaranteed (Veterans Administration) | 40 | $5,021,000 | $125,000 | $269,000 | $62,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,329,000 | $132,000 | $220,000 | $67,000 | $140,000 |
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 | 1,612 | $180,160,000 | $111,000 | $4,120,000 | $73,000 | $1,188,000 |
| Preapproval Denied by Financial Institution | 208 | $19,087,000 | $91,000 | $362,000 | $52,000 | $835,000 |
| Application Denied By Financial Institution | 176 | $15,847,000 | $90,000 | $1,200,000 | $55,000 | $299,000 |
| Application Withdrawn By Applicant | 146 | $17,247,000 | $118,000 | $1,200,000 | $72,000 | $612,000 |
| Application Approved But Not Accepted | 17 | $1,323,000 | $77,000 | $185,000 | $90,000 | $350,000 |
| File Closed For Incompleteness | 10 | $648,000 | $64,000 | $164,000 | $47,000 | $70,000 |
| 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 | 245 | $21,153,000 | $86,000 | $369,000 | $53,000 | $835,000 |
| Debt-To-Income Ratio | 67 | $5,864,000 | $87,000 | $1,200,000 | $46,000 | $299,000 |
| Collateral | 35 | $4,054,000 | $115,000 | $357,000 | $69,000 | $203,000 |
| Other | 19 | $2,005,000 | $105,000 | $362,000 | $61,000 | $240,000 |
| Unverifiable Information | 5 | $502,000 | $100,000 | $176,000 | $45,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $273,000 | $68,000 | $120,000 | $48,000 | $63,000 |
| Employment History | 3 | $587,000 | $195,000 | $252,000 | $81,000 | $120,000 |
| Credit Application Incomplete | 1 | $70,000 | $70,000 | $70,000 | $22,000 | $22,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Alpine Bank & Trust Co.'s 2015 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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