American Community Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, American Community Bank & Trust of Woodstock, IL reported 122 mortgage applications totaling $43.1 million, about the same as 2006. The average application was for $353,147, and applicants reported an average income of $159,803. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (88), Lake County-Kenosha County, IL-WI (10) and Rockford, IL (9) (applications in parentheses).
| Mortgage Company & Address | American Community Bank & Trust P.O. Box 1720 Woodstock, IL 60098 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 122 |
| Total Mortgage Loan Application Amount | $43,084,000 |
| Average Mortgage Loan Application Amount | $353,147 |
| Highest Mortgage Loan Application Amount | $5,080,000 |
| Average Applicant Income | $159,803 |
| Highest Applicant Income | $905,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| McHenry, Illinois | 45 | $ 8,925,000 | $ 198,333 | $ 143,000 |
| Cook, Illinois | 29 | $ 11,700,000 | $ 403,448 | $ 301,000 |
| Kane, Illinois | 9 | $ 1,470,000 | $ 163,333 | $ 153,000 |
| Lake, Illinois | 8 | $ 6,062,000 | $ 757,750 | $ 89,000 |
| Winnebago, Illinois | 5 | $ 683,000 | $ 136,600 | $ 18,000 |
| Boone, Illinois | 4 | $ 743,000 | $ 185,750 | $ 15,000 |
| Harris, Texas | 3 | $ 403,000 | $ 134,333 | $ 257,000 |
| Sarasota, Florida | 2 | $ 860,000 | $ 430,000 | $ 0 |
| DuPage, Illinois | 2 | $ 525,000 | $ 262,500 | $ 92,000 |
| Will, Illinois | 2 | $ 342,000 | $ 171,000 | $ 0 |
| Worcester, Massachusetts | 2 | $ 85,000 | $ 42,500 | $ 0 |
| Kenosha, Wisconsin | 2 | $ 1,210,000 | $ 605,000 | $ 25,000 |
| Walworth, Wisconsin | 2 | $ 1,074,000 | $ 537,000 | $ 423,000 |
| DeKalb, Illinois | 1 | $ 152,000 | $ 152,000 | $ 0 |
| White, Indiana | 1 | $ 88,000 | $ 88,000 | $ 89,000 |
| Scott, Iowa | 1 | $ 235,000 | $ 235,000 | $ 210,000 |
| Middlesex, Massachusetts | 1 | $ 3,056,000 | $ 3,056,000 | $ 0 |
| Harrison, Mississippi | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Fulton, New York | 1 | $ 1,826,000 | $ 1,826,000 | $ 0 |
| Portage, Wisconsin | 1 | $ 3,170,000 | $ 3,170,000 | $ 0 |
Mortgage Loan Application Detail Totals for American Community Bank & Trust in 2007
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 | 82 | $32,750,000 | $399,000 | $5,080,000 | $184,000 | $905,000 |
| Refinancing | 32 | $9,957,000 | $311,000 | $3,170,000 | $107,000 | $369,000 |
| Home Improvement | 8 | $377,000 | $47,000 | $100,000 | $123,000 | $300,000 |
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 | 73 | $15,690,000 | $214,000 | $924,000 | $202,000 | $830,000 |
| Not applicable | 33 | $24,241,000 | $734,000 | $5,080,000 | $0 | $0 |
| Not Provided | 13 | $2,977,000 | $229,000 | $617,000 | $353,000 | $905,000 |
| Hispanic | 3 | $176,000 | $58,000 | $136,000 | $60,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 122 | $43,084,000 | $353,000 | $5,080,000 | $160,000 | $905,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 114 | $40,916,000 | $358,000 | $5,080,000 | $157,000 | $905,000 |
| Application Withdrawn By Applicant | 4 | $1,459,000 | $364,000 | $617,000 | $144,000 | $486,000 |
| Application Approved But Not Accepted | 2 | $476,000 | $238,000 | $276,000 | $413,000 | $718,000 |
| Application Denied By Financial Institution | 2 | $233,000 | $116,000 | $145,000 | $91,000 | $93,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $145,000 | $145,000 | $145,000 | $93,000 | $93,000 |
| Other | 1 | $88,000 | $88,000 | $88,000 | $89,000 | $89,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Community Bank & Trust's 2007 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 American Community 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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