American Community Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, American Community Bank & Trust of Woodstock, IL reported 53 mortgage applications totaling $30.2 million. The average application was for $569,339, and applicants reported an average income of $403,207. 94% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Chicago-Naperville, IL (30), Elgin, IL (10) and Lake County-Kenosha County, IL-WI (3) (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 | 2025 2024 2023 |
| Total Number of Mortgage Applications | 53 |
| Total Mortgage Loan Application Amount | $30,175,000 |
| Average Mortgage Loan Application Amount | $569,339 |
| Highest Mortgage Loan Application Amount | $4,695,000 |
| Average Applicant Income | $403,207 |
| Highest Applicant Income | $1,498,000 |
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records American Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 19 | $ 7,845,000 | $ 412,894 | $ 542,000 |
| Cook, Illinois | 9 | $ 9,195,000 | $ 1,021,666 | $ 772,000 |
| Kane, Illinois | 8 | $ 1,020,000 | $ 127,500 | $ 47,000 |
| DeKalb, Illinois | 2 | $ 90,000 | $ 45,000 | $ 185,000 |
| Lake, Illinois | 2 | $ 2,210,000 | $ 1,105,000 | $ 1,463,000 |
| Collier, Florida | 1 | $ 3,005,000 | $ 3,005,000 | $ 0 |
| Miami-Dade, Florida | 1 | $ 1,005,000 | $ 1,005,000 | $ 455,000 |
| Okaloosa, Florida | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Boone, Illinois | 1 | $ 315,000 | $ 315,000 | $ 0 |
| DuPage, Illinois | 1 | $ 225,000 | $ 225,000 | $ 478,000 |
| Will, Illinois | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Winnebago, Illinois | 1 | $ 125,000 | $ 125,000 | $ 55,000 |
| Cabarrus, North Carolina | 1 | $ 1,005,000 | $ 1,005,000 | $ 0 |
| Charleston, South Carolina | 1 | $ 305,000 | $ 305,000 | $ 120,000 |
| Davidson, Tennessee | 1 | $ 445,000 | $ 445,000 | $ 201,000 |
| San Juan, Washington | 1 | $ 1,005,000 | $ 1,005,000 | $ 330,000 |
| Kenosha, Wisconsin | 1 | $ 655,000 | $ 655,000 | $ 0 |
| Walworth, Wisconsin | 1 | $ 1,185,000 | $ 1,185,000 | $ 286,000 |
Mortgage Loan Application Detail Totals for American Community Bank & Trust in 2023
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 | 24 | $14,200,000 | $591,000 | $3,005,000 | $550,000 | $1,463,000 |
| Refinancing | 24 | $8,930,000 | $372,000 | $4,355,000 | $316,000 | $1,498,000 |
| Cash-out Refinancing | 4 | $5,860,000 | $1,465,000 | $4,695,000 | $75,000 | $75,000 |
| Other Purpose | 1 | $1,185,000 | $1,185,000 | $1,185,000 | $286,000 | $286,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 32 | $22,430,000 | $700,000 | $4,695,000 | $0 | $0 |
| White | 18 | $6,130,000 | $340,000 | $1,005,000 | $431,000 | $1,498,000 |
| Asian | 2 | $430,000 | $215,000 | $225,000 | $264,000 | $478,000 |
| Not Provided | 1 | $1,185,000 | $1,185,000 | $1,185,000 | $286,000 | $286,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 53 | $30,175,000 | $569,000 | $4,695,000 | $407,000 | $1,498,000 |
| 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 | 50 | $23,490,000 | $469,000 | $4,695,000 | $388,000 | $1,498,000 |
| Application Withdrawn By Applicant | 2 | $5,960,000 | $2,980,000 | $4,355,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $725,000 | $725,000 | $725,000 | $772,000 | $772,000 |
| Application Denied By Financial Institution | 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 | 53 | $30,175,000 | $569,000 | $4,695,000 | $407,000 | $1,498,000 |
| 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 |
| Not applicable | 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 2023 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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