American Community Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, American Community Bank & Trust of Woodstock, IL reported 89 mortgage applications totaling $30.1 million, up 14% from 2016. The average application was for $338,651, and applicants reported an average income of $87,292. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (61), Elgin, IL (13) and Lake County-Kenosha County, IL-WI (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 | 89 |
| Total Mortgage Loan Application Amount | $30,140,000 |
| Average Mortgage Loan Application Amount | $338,651 |
| Highest Mortgage Loan Application Amount | $3,290,000 |
| Average Applicant Income | $87,292 |
| Highest Applicant Income | $928,000 |
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records American Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Arlington Heights, IL | 61 | $ 20,965,000 | $ 343,688 | $ 99,000 |
| Elgin, IL | 13 | $ 3,063,000 | $ 235,615 | $ 8,000 |
| Lake County-Kenosha County, IL-WI | 5 | $ 1,287,000 | $ 257,400 | $ 79,000 |
| Rockford, IL | 2 | $ 558,000 | $ 279,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 96,000 | $ 96,000 | $ 134,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 575,000 | $ 575,000 | $ 347,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 524,000 | $ 524,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 1,026,000 | $ 1,026,000 | $ 464,000 |
| Worcester, MA-CT | 1 | $ 334,000 | $ 334,000 | $ 0 |
Mortgage Loan Application Detail Totals for American Community Bank & Trust in 2017
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 | 59 | $23,146,000 | $392,000 | $3,290,000 | $65,000 | $538,000 |
| Home Purchase | 26 | $5,969,000 | $229,000 | $623,000 | $109,000 | $928,000 |
| Home Improvement | 4 | $1,025,000 | $256,000 | $740,000 | $275,000 | $723,000 |
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 | 51 | $15,780,000 | $309,000 | $1,400,000 | $146,000 | $928,000 |
| Not applicable | 31 | $13,665,000 | $440,000 | $3,290,000 | $0 | $0 |
| Hispanic | 6 | $545,000 | $90,000 | $132,000 | $45,000 | $68,000 |
| Not Provided | 1 | $150,000 | $150,000 | $150,000 | $73,000 | $73,000 |
| 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) | 89 | $30,140,000 | $338,000 | $3,290,000 | $87,000 | $928,000 |
| 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 | 81 | $28,103,000 | $346,000 | $3,290,000 | $82,000 | $928,000 |
| Application Approved But Not Accepted | 5 | $1,591,000 | $318,000 | $500,000 | $179,000 | $392,000 |
| Application Denied By Financial Institution | 2 | $296,000 | $148,000 | $200,000 | $77,000 | $89,000 |
| Application Withdrawn By Applicant | 1 | $150,000 | $150,000 | $150,000 | $73,000 | $73,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Community Bank & Trust's 2017 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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