American Community Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, American Community Bank & Trust of Woodstock, IL reported 122 mortgage applications totaling $30.8 million, about the same as 2005. The average application was for $252,409, and applicants reported an average income of $267,163. 96% 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 (13) and Lexington-Fayette, KY (2) (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 | $30,794,000 |
| Average Mortgage Loan Application Amount | $252,409 |
| Highest Mortgage Loan Application Amount | $1,383,000 |
| Average Applicant Income | $267,163 |
| Highest Applicant Income | $9,040,000 |
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records American Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 88 | $ 19,929,000 | $ 226,465 | $ 305,000 |
| Lake County-Kenosha County, IL-WI | 13 | $ 4,987,000 | $ 383,615 | $ 113,538 |
| Lexington-Fayette, KY | 2 | $ 275,000 | $ 137,500 | $ 63,000 |
| Manchester-Nashua, NH | 2 | $ 2,402,000 | $ 1,201,000 | $ 0 |
| Rockford, IL | 2 | $ 392,000 | $ 196,000 | $ 62,000 |
| Naples-Marco Island, FL | 1 | $ 420,000 | $ 420,000 | $ 435,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 194,000 | $ 194,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 30,000 | $ 30,000 | $ 64,000 |
| Worcester, MA | 1 | $ 624,000 | $ 624,000 | $ 0 |
Mortgage Loan Application Detail Totals for American Community Bank & Trust in 2006
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 | 73 | $20,289,000 | $277,000 | $1,383,000 | $315,000 | $9,040,000 |
| Refinancing | 36 | $7,740,000 | $215,000 | $1,126,000 | $189,000 | $1,122,000 |
| Home Improvement | 13 | $2,765,000 | $212,000 | $1,283,000 | $215,000 | $475,000 |
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 | 67 | $11,629,000 | $173,000 | $1,126,000 | $304,000 | $3,167,000 |
| Not applicable | 43 | $13,833,000 | $321,000 | $1,383,000 | $0 | $0 |
| Not Provided | 10 | $5,240,000 | $524,000 | $1,283,000 | $1,192,000 | $9,040,000 |
| Asian | 1 | $45,000 | $45,000 | $45,000 | $148,000 | $148,000 |
| Hispanic | 1 | $47,000 | $47,000 | $47,000 | $195,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 122 | $30,794,000 | $252,000 | $1,383,000 | $267,000 | $9,040,000 |
| 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 | 117 | $28,461,000 | $243,000 | $1,383,000 | $266,000 | $9,040,000 |
| Application Approved But Not Accepted | 3 | $729,000 | $243,000 | $281,000 | $349,000 | $905,000 |
| Application Denied By Financial Institution | 2 | $1,604,000 | $802,000 | $1,144,000 | $195,000 | $252,000 |
| 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 | 1 | $460,000 | $460,000 | $460,000 | $138,000 | $138,000 |
| Employment History | 1 | $1,144,000 | $1,144,000 | $1,144,000 | $252,000 | $252,000 |
| 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Community Bank & Trust's 2006 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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