American Community Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, American Community Bank & Trust of Woodstock, IL reported 92 mortgage applications totaling $31.4 million, up 3% from 2017. The average application was for $340,869, and applicants reported an average income of $162,804. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (63), Elgin, IL (11) and Lake County-Kenosha County, IL-WI (7) (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 | 92 |
| Total Mortgage Loan Application Amount | $31,360,000 |
| Average Mortgage Loan Application Amount | $340,869 |
| Highest Mortgage Loan Application Amount | $4,475,000 |
| Average Applicant Income | $162,804 |
| Highest Applicant Income | $644,000 |
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records American Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 47 | $ 15,805,000 | $ 336,276 | $ 169,000 |
| Cook, Illinois | 14 | $ 4,650,000 | $ 332,142 | $ 126,000 |
| Kane, Illinois | 11 | $ 3,215,000 | $ 292,272 | $ 22,000 |
| Lake, Illinois | 7 | $ 1,415,000 | $ 202,142 | $ 153,000 |
| Walworth, Wisconsin | 7 | $ 4,055,000 | $ 579,285 | $ 277,000 |
| DuPage, Illinois | 2 | $ 70,000 | $ 35,000 | $ 42,000 |
| Collier, Florida | 1 | $ 1,505,000 | $ 1,505,000 | $ 0 |
| Winnebago, Illinois | 1 | $ 205,000 | $ 205,000 | $ 64,000 |
| Berrien, Michigan | 1 | $ 395,000 | $ 395,000 | $ 483,000 |
| Hillsborough, New Hampshire | 1 | $ 45,000 | $ 45,000 | $ 0 |
Mortgage Loan Application Detail Totals for American Community Bank & Trust in 2018
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 | 46 | $17,260,000 | $375,000 | $4,475,000 | $79,000 | $200,000 |
| Home Purchase | 28 | $8,210,000 | $293,000 | $1,505,000 | $266,000 | $644,000 |
| Cash-out Refinancing | 12 | $4,560,000 | $380,000 | $1,015,000 | $166,000 | $436,000 |
| Home Improvement | 5 | $545,000 | $109,000 | $175,000 | $336,000 | $515,000 |
| Other Purpose | 1 | $785,000 | $785,000 | $785,000 | $224,000 | $224,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 47 | $19,625,000 | $417,000 | $4,475,000 | $0 | $0 |
| White | 37 | $10,045,000 | $271,000 | $1,055,000 | $173,000 | $644,000 |
| Hispanic | 5 | $435,000 | $87,000 | $125,000 | $57,000 | $79,000 |
| Not Provided | 2 | $630,000 | $315,000 | $445,000 | $224,000 | $224,000 |
| Asian | 1 | $625,000 | $625,000 | $625,000 | $436,000 | $436,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 92 | $31,360,000 | $340,000 | $4,475,000 | $169,000 | $644,000 |
| 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 | 84 | $27,820,000 | $331,000 | $4,475,000 | $158,000 | $515,000 |
| Application Approved But Not Accepted | 3 | $2,665,000 | $888,000 | $1,505,000 | $361,000 | $644,000 |
| Application Withdrawn By Applicant | 3 | $665,000 | $221,000 | $255,000 | $223,000 | $294,000 |
| Application Denied By Financial Institution | 2 | $210,000 | $105,000 | $135,000 | $30,000 | $30,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 90 | $31,150,000 | $346,000 | $4,475,000 | $173,000 | $644,000 |
| Credit History | 2 | $210,000 | $105,000 | $135,000 | $30,000 | $30,000 |
| Debt-To-Income Ratio | 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Community Bank & Trust's 2018 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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