Bank of Springfield Mortgage Lending & HMDA Data, 2022
In 2022, Bank of Springfield of Springfield, IL reported 1,334 mortgage applications totaling $297.6 million, down 49% from 2021. The average application was for $223,095, and applicants reported an average income of $166,542. 79% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Springfield, IL (534), St. Louis, MO-IL (492) and Montgomery, AL (14) (applications in parentheses).
| Mortgage Company & Address | Bank of Springfield 2600 Stevenson Drive Springfield, IL 62711 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,334 |
| Total Mortgage Loan Application Amount | $297,610,000 |
| Average Mortgage Loan Application Amount | $223,095 |
| Highest Mortgage Loan Application Amount | $4,205,000 |
| Average Applicant Income | $166,542 |
| Highest Applicant Income | $4,500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Springfield filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Springfield, IL | 534 | $ 98,930,000 | $ 185,262 | $ 140,000 |
| St. Louis, MO-IL | 492 | $ 110,470,000 | $ 224,532 | $ 150,008 |
| Outside any metro area | 157 | $ 25,075,000 | $ 159,713 | $ 116,515 |
| Montgomery, AL | 14 | $ 1,870,000 | $ 133,571 | $ 227,000 |
| Chicago-Naperville, IL | 8 | $ 2,190,000 | $ 273,750 | $ 263,000 |
| Memphis, TN-MS-AR | 8 | $ 830,000 | $ 103,750 | $ 220,250 |
| Kansas City, MO-KS | 7 | $ 3,065,000 | $ 437,857 | $ 151,714 |
| Cape Coral-Fort Myers, FL | 6 | $ 2,500,000 | $ 416,666 | $ 281,000 |
| Little Rock-North Little Rock-Conway, AR | 6 | $ 580,000 | $ 96,666 | $ 127,000 |
| Decatur, IL | 5 | $ 725,000 | $ 145,000 | $ 110,000 |
| Naples-Immokalee-Marco Island, FL | 5 | $ 2,395,000 | $ 479,000 | $ 1,474,000 |
| Champaign-Urbana, IL | 4 | $ 970,000 | $ 242,500 | $ 112,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 3,110,000 | $ 777,500 | $ 224,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 1,295,000 | $ 431,666 | $ 349,000 |
| Birmingham-Hoover, AL | 3 | $ 435,000 | $ 145,000 | $ 270,000 |
| Bloomington, IL | 3 | $ 735,000 | $ 245,000 | $ 221,000 |
| Peoria, IL | 3 | $ 815,000 | $ 271,666 | $ 215,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 5,465,000 | $ 1,821,666 | $ 2,529,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 3,805,000 | $ 1,268,333 | $ 517,000 |
| Carbondale-Marion, IL | 2 | $ 690,000 | $ 345,000 | $ 281,000 |
| Chattanooga, TN-GA | 2 | $ 390,000 | $ 195,000 | $ 97,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 1,030,000 | $ 515,000 | $ 173,000 |
| Des Moines-West Des Moines, IA | 2 | $ 1,280,000 | $ 640,000 | $ 211,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 1,440,000 | $ 720,000 | $ 371,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 740,000 | $ 370,000 | $ 499,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 1,030,000 | $ 515,000 | $ 1,361,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 3,100,000 | $ 1,550,000 | $ 798,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 4,470,000 | $ 2,235,000 | $ 1,342,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 630,000 | $ 315,000 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 580,000 | $ 290,000 | $ 73,500 |
| Raleigh, NC | 2 | $ 830,000 | $ 415,000 | $ 172,000 |
| Springfield, MO | 2 | $ 410,000 | $ 205,000 | $ 126,000 |
| York-Hanover, PA | 2 | $ 230,000 | $ 115,000 | $ 446,000 |
| Ann Arbor, MI | 1 | $ 285,000 | $ 285,000 | $ 94,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 65,000 | $ 65,000 | $ 698,000 |
| Austin-Round Rock, TX | 1 | $ 335,000 | $ 335,000 | $ 110,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 125,000 | $ 125,000 | $ 153,000 |
| Camden, NJ | 1 | $ 125,000 | $ 125,000 | $ 59,000 |
| Charleston-North Charleston, SC | 1 | $ 215,000 | $ 215,000 | $ 57,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 335,000 | $ 335,000 | $ 114,000 |
| Cincinnati, OH-KY-IN | 1 | $ 295,000 | $ 295,000 | $ 118,000 |
| Columbia, MO | 1 | $ 325,000 | $ 325,000 | $ 157,000 |
| Columbus, GA-AL | 1 | $ 105,000 | $ 105,000 | $ 197,000 |
| Dallas-Plano-Irving, TX | 1 | $ 305,000 | $ 305,000 | $ 101,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 425,000 | $ 425,000 | $ 1,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 75,000 | $ 75,000 | $ 127,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 715,000 | $ 715,000 | $ 89,000 |
| Fort Collins, CO | 1 | $ 335,000 | $ 335,000 | $ 127,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 455,000 | $ 455,000 | $ 143,000 |
| Gary, IN | 1 | $ 365,000 | $ 365,000 | $ 343,000 |
| Green Bay, WI | 1 | $ 35,000 | $ 35,000 | $ 90,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 485,000 | $ 485,000 | $ 111,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 15,000 | $ 15,000 | $ 278,000 |
| Jacksonville, FL | 1 | $ 645,000 | $ 645,000 | $ 475,000 |
| Lincoln, NE | 1 | $ 355,000 | $ 355,000 | $ 179,000 |
| Nassau County-Suffolk County, NY | 1 | $ 1,385,000 | $ 1,385,000 | $ 2,907,000 |
| New Haven-Milford, CT | 1 | $ 475,000 | $ 475,000 | $ 128,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 705,000 | $ 705,000 | $ 293,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Philadelphia, PA | 1 | $ 595,000 | $ 595,000 | $ 307,000 |
| Portland-South Portland, ME | 1 | $ 185,000 | $ 185,000 | $ 90,000 |
| Provo-Orem, UT | 1 | $ 2,005,000 | $ 2,005,000 | $ 1,121,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 175,000 | $ 175,000 | $ 77,000 |
| Salinas, CA | 1 | $ 1,505,000 | $ 1,505,000 | $ 456,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 255,000 | $ 255,000 | $ 190,000 |
| Sebastian-Vero Beach, FL | 1 | $ 605,000 | $ 605,000 | $ 151,000 |
| Sebring, FL | 1 | $ 145,000 | $ 145,000 | $ 72,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 205,000 | $ 205,000 | $ 74,000 |
| Tulsa, OK | 1 | $ 65,000 | $ 65,000 | $ 148,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 255,000 | $ 255,000 | $ 40,000 |
| Wausau, WI | 1 | $ 125,000 | $ 125,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for Bank of Springfield in 2022
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 | 968 | $229,850,000 | $237,000 | $4,205,000 | $177,000 | $4,500,000 |
| Refinancing | 160 | $32,360,000 | $202,000 | $1,045,000 | $145,000 | $681,000 |
| Cash-out Refinancing | 136 | $26,820,000 | $197,000 | $1,375,000 | $140,000 | $1,080,000 |
| Home Improvement | 39 | $4,145,000 | $106,000 | $905,000 | $113,000 | $385,000 |
| Other Purpose | 31 | $4,435,000 | $143,000 | $1,305,000 | $135,000 | $684,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 984 | $232,270,000 | $236,000 | $4,205,000 | $164,000 | $4,500,000 |
| Not Provided | 124 | $21,690,000 | $174,000 | $875,000 | $171,000 | $650,000 |
| Not applicable | 118 | $23,250,000 | $197,000 | $1,445,000 | $0 | $0 |
| Black or African American | 54 | $9,340,000 | $172,000 | $1,005,000 | $187,000 | $2,495,000 |
| Asian | 27 | $6,325,000 | $234,000 | $935,000 | $247,000 | $713,000 |
| Hispanic | 22 | $3,860,000 | $175,000 | $875,000 | $150,000 | $684,000 |
| American Indian or Alaskan Native | 5 | $875,000 | $175,000 | $425,000 | $114,000 | $146,000 |
| 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) | 1,257 | $282,525,000 | $224,000 | $4,205,000 | $173,000 | $4,500,000 |
| FHA-insured (Federal Housing Administration) | 50 | $8,190,000 | $163,000 | $595,000 | $74,000 | $307,000 |
| VA-guaranteed (Veterans Administration) | 24 | $6,490,000 | $270,000 | $605,000 | $107,000 | $309,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $405,000 | $135,000 | $165,000 | $48,000 | $56,000 |
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 | 1,054 | $239,490,000 | $227,000 | $4,205,000 | $172,000 | $4,500,000 |
| Application Withdrawn By Applicant | 188 | $42,270,000 | $224,000 | $1,505,000 | $175,000 | $1,082,000 |
| Application Denied By Financial Institution | 89 | $15,345,000 | $172,000 | $1,265,000 | $91,000 | $479,000 |
| Loan Purchased By The Institution | 2 | $420,000 | $210,000 | $355,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $85,000 | $85,000 | $85,000 | $90,000 | $90,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,245 | $282,265,000 | $226,000 | $4,205,000 | $173,000 | $4,500,000 |
| Debt-To-Income Ratio | 38 | $9,440,000 | $248,000 | $1,265,000 | $72,000 | $479,000 |
| Credit History | 16 | $1,990,000 | $124,000 | $375,000 | $76,000 | $284,000 |
| Other | 13 | $1,815,000 | $139,000 | $335,000 | $143,000 | $304,000 |
| Collateral | 11 | $1,255,000 | $114,000 | $235,000 | $143,000 | $400,000 |
| Employment History | 8 | $590,000 | $73,000 | $145,000 | $38,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $255,000 | $85,000 | $105,000 | $95,000 | $113,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Springfield's 2022 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 Bank of Springfield'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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