American Midwest Bank Mortgage Lending & HMDA Data, 2015
In 2015, American Midwest Bank of Sycamore, IL reported 1,090 mortgage applications totaling $215.6 million, up 98% from 2014. The average application was for $197,788, and applicants reported an average income of $115,134. 53% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (282), Elgin, IL (242) and Indianapolis-Carmel-Anderson, IN (224) (applications in parentheses).
| Mortgage Company & Address | American Midwest Bank 1985 Dekalb Ave Sycamore, IL 60178 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,090 |
| Total Mortgage Loan Application Amount | $215,589,000 |
| Average Mortgage Loan Application Amount | $197,788 |
| Highest Mortgage Loan Application Amount | $2,610,000 |
| Average Applicant Income | $115,134 |
| Highest Applicant Income | $3,094,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Midwest Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 282 | $ 65,965,000 | $ 233,918 | $ 124,000 |
| Elgin, IL | 242 | $ 42,954,000 | $ 177,495 | $ 100,000 |
| Indianapolis-Carmel-Anderson, IN | 224 | $ 42,690,000 | $ 190,580 | $ 125,000 |
| Lake County-Kenosha County, IL-WI | 67 | $ 10,832,000 | $ 161,671 | $ 89,656 |
| South Bend-Mishawaka, IN-MI | 49 | $ 8,324,000 | $ 169,877 | $ 74,346 |
| Lansing-East Lansing, MI | 45 | $ 6,943,000 | $ 154,288 | $ 94,000 |
| Elkhart-Goshen, IN | 22 | $ 3,348,000 | $ 152,181 | $ 70,000 |
| Denver-Aurora-Lakewood, CO | 13 | $ 3,591,000 | $ 276,230 | $ 177,000 |
| Houston-The Woodlands-Sugar Land, TX | 10 | $ 1,142,000 | $ 114,200 | $ 156,000 |
| North Port-Sarasota-Bradenton, FL | 10 | $ 2,333,000 | $ 233,300 | $ 165,000 |
| Rockford, IL | 7 | $ 1,003,000 | $ 143,285 | $ 73,000 |
| Niles-Benton Harbor, MI | 6 | $ 793,000 | $ 132,166 | $ 51,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 516,000 | $ 103,200 | $ 83,000 |
| Milwaukee-Waukesha-West Allis, WI | 4 | $ 815,000 | $ 203,750 | $ 100,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 652,000 | $ 163,000 | $ 141,000 |
| Detroit-Dearborn-Livonia, MI | 3 | $ 848,000 | $ 282,666 | $ 159,000 |
| Louisville/Jefferson County, KY-IN | 3 | $ 349,000 | $ 116,333 | $ 45,000 |
| Madison, WI | 3 | $ 902,000 | $ 300,666 | $ 361,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 575,000 | $ 191,666 | $ 239,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 580,000 | $ 193,333 | $ 105,000 |
| Saginaw, MI | 3 | $ 339,000 | $ 113,000 | $ 151,000 |
| St. Louis, MO-IL | 3 | $ 535,000 | $ 178,333 | $ 74,666 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 324,000 | $ 162,000 | $ 89,000 |
| Austin-Round Rock, TX | 2 | $ 983,000 | $ 491,500 | $ 181,000 |
| Boston, MA | 2 | $ 699,000 | $ 349,500 | $ 205,000 |
| Colorado Springs, CO | 2 | $ 526,000 | $ 263,000 | $ 110,000 |
| Janesville-Beloit, WI | 2 | $ 308,000 | $ 154,000 | $ 79,000 |
| Las Cruces, NM | 2 | $ 830,000 | $ 415,000 | $ 262,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 662,000 | $ 331,000 | $ 108,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 1,140,000 | $ 570,000 | $ 231,000 |
| Panama City, FL | 2 | $ 323,000 | $ 161,500 | $ 343,000 |
| Philadelphia, PA | 2 | $ 222,000 | $ 111,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 520,000 | $ 260,000 | $ 87,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 305,000 | $ 152,500 | $ 79,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 214,000 | $ 214,000 | $ 128,000 |
| Battle Creek, MI | 1 | $ 67,000 | $ 67,000 | $ 32,000 |
| Bloomington, IN | 1 | $ 372,000 | $ 372,000 | $ 129,000 |
| Boulder, CO | 1 | $ 640,000 | $ 640,000 | $ 275,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 56,000 | $ 56,000 | $ 60,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 206,000 | $ 206,000 | $ 55,000 |
| Chattanooga, TN-GA | 1 | $ 30,000 | $ 30,000 | $ 145,000 |
| Cincinnati, OH-KY-IN | 1 | $ 153,000 | $ 153,000 | $ 95,000 |
| Gary, IN | 1 | $ 221,000 | $ 221,000 | $ 74,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 230,000 | $ 230,000 | $ 209,000 |
| Hot Springs, AR | 1 | $ 80,000 | $ 80,000 | $ 62,000 |
| Jacksonville, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 771,000 |
| Knoxville, TN | 1 | $ 143,000 | $ 143,000 | $ 62,000 |
| Kokomo, IN | 1 | $ 85,000 | $ 85,000 | $ 45,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 55,000 | $ 55,000 | $ 103,000 |
| Michigan City-La Porte, IN | 1 | $ 186,000 | $ 186,000 | $ 39,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 300,000 | $ 300,000 | $ 89,000 |
| Muncie, IN | 1 | $ 68,000 | $ 68,000 | $ 39,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 303,000 | $ 303,000 | $ 164,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 105,000 | $ 105,000 | $ 52,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 212,000 | $ 212,000 | $ 86,000 |
| Pueblo, CO | 1 | $ 142,000 | $ 142,000 | $ 43,000 |
| Raleigh, NC | 1 | $ 218,000 | $ 218,000 | $ 85,000 |
| Salisbury, MD-DE | 1 | $ 675,000 | $ 675,000 | $ 133,000 |
| San Antonio-New Braunfels, TX | 1 | $ 110,000 | $ 110,000 | $ 89,000 |
| San Rafael, CA | 1 | $ 724,000 | $ 724,000 | $ 367,000 |
| Tucson, AZ | 1 | $ 146,000 | $ 146,000 | $ 99,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 790,000 | $ 790,000 | $ 138,000 |
Mortgage Loan Application Detail Totals for American Midwest Bank in 2015
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 | 563 | $122,710,000 | $217,000 | $2,610,000 | $134,000 | $3,094,000 |
| Home Purchase | 491 | $87,407,000 | $178,000 | $1,000,000 | $93,000 | $771,000 |
| Home Improvement | 36 | $5,472,000 | $152,000 | $656,000 | $122,000 | $277,000 |
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 | 969 | $195,127,000 | $201,000 | $2,610,000 | $120,000 | $3,094,000 |
| Hispanic | 49 | $8,831,000 | $180,000 | $460,000 | $83,000 | $313,000 |
| Not applicable | 29 | $2,887,000 | $99,000 | $500,000 | $0 | $0 |
| Asian | 24 | $5,019,000 | $209,000 | $447,000 | $142,000 | $400,000 |
| Black or African American | 13 | $2,852,000 | $219,000 | $840,000 | $98,000 | $383,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $702,000 | $234,000 | $330,000 | $70,000 | $84,000 |
| Not Provided | 3 | $171,000 | $57,000 | $110,000 | $85,000 | $90,000 |
| 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) | 854 | $178,444,000 | $208,000 | $2,610,000 | $129,000 | $3,094,000 |
| FHA-insured (Federal Housing Administration) | 183 | $29,086,000 | $158,000 | $339,000 | $66,000 | $323,000 |
| VA-guaranteed (Veterans Administration) | 30 | $5,725,000 | $190,000 | $447,000 | $73,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $2,334,000 | $101,000 | $183,000 | $38,000 | $60,000 |
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 | 583 | $106,428,000 | $182,000 | $1,000,000 | $97,000 | $771,000 |
| Application Approved But Not Accepted | 291 | $64,368,000 | $221,000 | $2,610,000 | $153,000 | $3,094,000 |
| Application Denied By Financial Institution | 214 | $43,673,000 | $204,000 | $1,018,000 | $111,000 | $2,236,000 |
| Application Withdrawn By Applicant | 2 | $1,120,000 | $560,000 | $940,000 | $205,000 | $372,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 85 | $19,431,000 | $228,000 | $1,018,000 | $136,000 | $2,236,000 |
| Collateral | 56 | $9,598,000 | $171,000 | $581,000 | $94,000 | $343,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 25 | $5,706,000 | $228,000 | $687,000 | $117,000 | $375,000 |
| Debt-To-Income Ratio | 24 | $4,103,000 | $170,000 | $385,000 | $61,000 | $135,000 |
| Other | 15 | $3,118,000 | $207,000 | $416,000 | $121,000 | $371,000 |
| Employment History | 4 | $784,000 | $196,000 | $330,000 | $51,000 | $67,000 |
| Unverifiable Information | 2 | $259,000 | $129,000 | $154,000 | $69,000 | $94,000 |
| Mortgage Insurance Denied | 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 Midwest Bank's 2015 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 Midwest Bank'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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