American Community Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, American Community Bank & Trust of Woodstock, IL reported 120 mortgage applications totaling $57.9 million, down 2% from 2007. The average application was for $482,341, and applicants reported an average income of $339,466. 87% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (87), Lake County-Kenosha County, IL-WI (8) and Phoenix-Mesa-Scottsdale, AZ (5) (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 | 120 |
| Total Mortgage Loan Application Amount | $57,881,000 |
| Average Mortgage Loan Application Amount | $482,341 |
| Highest Mortgage Loan Application Amount | $11,688,000 |
| Average Applicant Income | $339,466 |
| Highest Applicant Income | $9,999,000 |
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records American Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 70 | $ 17,701,000 | $ 252,871 | $ 224,000 |
| Cook, Illinois | 10 | $ 8,576,000 | $ 857,600 | $ 63,000 |
| Kane, Illinois | 7 | $ 1,089,000 | $ 155,571 | $ 262,000 |
| Lake, Illinois | 6 | $ 8,145,000 | $ 1,357,500 | $ 161,000 |
| Maricopa, Arizona | 5 | $ 924,000 | $ 184,800 | $ 1,501,000 |
| Boone, Illinois | 3 | $ 1,036,000 | $ 345,333 | $ 41,000 |
| Winnebago, Illinois | 2 | $ 243,000 | $ 121,500 | $ 50,000 |
| St. Joseph, Indiana | 2 | $ 14,349,000 | $ 7,174,500 | $ 0 |
| Tulsa, Oklahoma | 2 | $ 16,000 | $ 8,000 | $ 163,000 |
| Kenosha, Wisconsin | 2 | $ 266,000 | $ 133,000 | $ 134,000 |
| Walworth, Wisconsin | 2 | $ 1,420,000 | $ 710,000 | $ 469,000 |
| Hillsborough, Florida | 1 | $ 300,000 | $ 300,000 | $ 350,000 |
| Pinellas, Florida | 1 | $ 1,292,000 | $ 1,292,000 | $ 158,000 |
| Jo Daviess, Illinois | 1 | $ 311,000 | $ 311,000 | $ 367,000 |
| Montcalm, Michigan | 1 | $ 262,000 | $ 262,000 | $ 9,999,000 |
| Clark, Nevada | 1 | $ 1,146,000 | $ 1,146,000 | $ 0 |
| Erie, New York | 1 | $ 450,000 | $ 450,000 | $ 0 |
| Madison, New York | 1 | $ 100,000 | $ 100,000 | $ 803,000 |
| Denton, Texas | 1 | $ 180,000 | $ 180,000 | $ 253,000 |
| Vilas, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 471,000 |
Mortgage Loan Application Detail Totals for American Community Bank & Trust in 2008
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 | 56 | $14,000,000 | $250,000 | $1,292,000 | $358,000 | $9,999,000 |
| Home Purchase | 54 | $42,290,000 | $783,000 | $11,688,000 | $317,000 | $1,562,000 |
| Home Improvement | 10 | $1,591,000 | $159,000 | $938,000 | $357,000 | $1,673,000 |
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 | 87 | $20,710,000 | $238,000 | $1,725,000 | $446,000 | $9,999,000 |
| Not applicable | 28 | $35,582,000 | $1,270,000 | $11,688,000 | $0 | $0 |
| Not Provided | 2 | $492,000 | $246,000 | $322,000 | $115,000 | $157,000 |
| Hispanic | 2 | $159,000 | $79,000 | $135,000 | $44,000 | $51,000 |
| American Indian or Alaskan Native | 1 | $938,000 | $938,000 | $938,000 | $1,673,000 | $1,673,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $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) | 120 | $57,881,000 | $482,000 | $11,688,000 | $340,000 | $9,999,000 |
| 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 | 104 | $47,733,000 | $458,000 | $11,688,000 | $381,000 | $9,999,000 |
| Application Approved But Not Accepted | 12 | $9,403,000 | $783,000 | $5,850,000 | $58,000 | $138,000 |
| Application Denied By Financial Institution | 4 | $745,000 | $186,000 | $240,000 | $105,000 | $196,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3 | $545,000 | $181,000 | $240,000 | $75,000 | $157,000 |
| Collateral | 1 | $200,000 | $200,000 | $200,000 | $196,000 | $196,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Community Bank & Trust's 2008 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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