American Trust & Savings Bank Mortgage Lending & HMDA Data, 2009
In 2009, American Trust & Savings Bank of Whiting, IN reported 30 mortgage applications totaling $2.3 million, up 7% from 2008. The average application was for $75,066, and applicants reported an average income of $87,133. 57% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Gary, IN (28), Chicago-Naperville-Joliet, IL (1) and Michigan City-La Porte, IN (1) (applications in parentheses).
| Mortgage Company & Address | American Trust & Savings Bank 1321 119th Street Whiting, IN 46394 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 30 |
| Total Mortgage Loan Application Amount | $2,252,000 |
| Average Mortgage Loan Application Amount | $75,066 |
| Highest Mortgage Loan Application Amount | $312,000 |
| Average Applicant Income | $87,133 |
| Highest Applicant Income | $661,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Trust & Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lake, Indiana | 25 | $ 1,434,000 | $ 57,360 | $ 90,000 |
| Porter, Indiana | 2 | $ 424,000 | $ 212,000 | $ 73,000 |
| Cook, Illinois | 1 | $ 86,000 | $ 86,000 | $ 144,000 |
| Jasper, Indiana | 1 | $ 168,000 | $ 168,000 | $ 20,000 |
| LaPorte, Indiana | 1 | $ 140,000 | $ 140,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for American Trust & Savings Bank in 2009
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 | 20 | $1,799,000 | $89,000 | $312,000 | $71,000 | $144,000 |
| Home Improvement | 6 | $90,000 | $15,000 | $20,000 | $53,000 | $71,000 |
| Home Purchase | 4 | $363,000 | $90,000 | $106,000 | $219,000 | $661,000 |
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 | 25 | $2,050,000 | $82,000 | $312,000 | $99,000 | $661,000 |
| Hispanic | 5 | $202,000 | $40,000 | $70,000 | $30,000 | $63,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 28 | $2,067,000 | $73,000 | $312,000 | $90,000 | $661,000 |
| FHA-insured (Federal Housing Administration) | 2 | $185,000 | $92,000 | $106,000 | $55,000 | $65,000 |
| 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 | 17 | $723,000 | $42,000 | $140,000 | $106,000 | $661,000 |
| Application Denied By Financial Institution | 7 | $1,048,000 | $149,000 | $312,000 | $61,000 | $110,000 |
| Application Approved But Not Accepted | 3 | $204,000 | $68,000 | $91,000 | $45,000 | $64,000 |
| File Closed For Incompleteness | 3 | $277,000 | $92,000 | $112,000 | $84,000 | $144,000 |
| Application Withdrawn By Applicant | 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 Trust & Savings Bank's 2009 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 Trust & Savings 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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