Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, Bank & Trust Company of Litchfield, IL reported 548 mortgage applications totaling $54.1 million, up 54% from 2007. The average application was for $98,773, and applicants reported an average income of $80,217. 93% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Springfield, IL (250), St. Louis, MO-IL (77) and Decatur, IL (3) (applications in parentheses).
| Mortgage Company & Address | Bank & Trust Company 401 N Madison Litchfield, IL 62056 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 | 548 |
| Total Mortgage Loan Application Amount | $54,128,000 |
| Average Mortgage Loan Application Amount | $98,773 |
| Highest Mortgage Loan Application Amount | $620,000 |
| Average Applicant Income | $80,217 |
| Highest Applicant Income | $550,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Sangamon, Illinois | 240 | $ 27,539,000 | $ 114,745 | $ 95,000 |
| Montgomery, Illinois | 167 | $ 13,522,000 | $ 80,970 | $ 68,000 |
| Macoupin, Illinois | 71 | $ 5,328,000 | $ 75,042 | $ 61,000 |
| Christian, Illinois | 27 | $ 1,874,000 | $ 69,407 | $ 57,000 |
| Menard, Illinois | 10 | $ 1,501,000 | $ 150,100 | $ 109,000 |
| Clark, Illinois | 3 | $ 293,000 | $ 97,666 | $ 60,000 |
| Macon, Illinois | 3 | $ 358,000 | $ 119,333 | $ 111,000 |
| Madison, Illinois | 3 | $ 533,000 | $ 177,666 | $ 87,000 |
| St. Louis, Missouri | 3 | $ 518,000 | $ 172,666 | $ 107,000 |
| Fayette, Illinois | 2 | $ 215,000 | $ 107,500 | $ 53,000 |
| Greene, Illinois | 2 | $ 65,000 | $ 32,500 | $ 28,000 |
| Morgan, Illinois | 2 | $ 214,000 | $ 107,000 | $ 102,000 |
| Peoria, Illinois | 2 | $ 457,000 | $ 228,500 | $ 120,000 |
| Davidson, Tennessee | 2 | $ 199,000 | $ 99,500 | $ 130,000 |
| Maricopa, Arizona | 1 | $ 160,000 | $ 160,000 | $ 86,000 |
| Collier, Florida | 1 | $ 112,000 | $ 112,000 | $ 101,000 |
| Lee, Florida | 1 | $ 180,000 | $ 180,000 | $ 225,000 |
| Sumter, Florida | 1 | $ 140,000 | $ 140,000 | $ 98,000 |
| Jasper, Illinois | 1 | $ 32,000 | $ 32,000 | $ 19,000 |
| Lake, Illinois | 1 | $ 277,000 | $ 277,000 | $ 142,000 |
| Williamson, Illinois | 1 | $ 142,000 | $ 142,000 | $ 62,000 |
| Hamilton, Indiana | 1 | $ 159,000 | $ 159,000 | $ 145,000 |
| Story, Iowa | 1 | $ 121,000 | $ 121,000 | $ 39,000 |
| Horry, South Carolina | 1 | $ 129,000 | $ 129,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Bank & Trust Company in 2008
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 | 339 | $37,763,000 | $111,000 | $550,000 | $88,000 | $550,000 |
| Home Purchase | 161 | $14,765,000 | $91,000 | $620,000 | $63,000 | $300,000 |
| Home Improvement | 48 | $1,600,000 | $33,000 | $137,000 | $83,000 | $269,000 |
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 | 523 | $51,104,000 | $97,000 | $620,000 | $81,000 | $550,000 |
| Not Provided | 10 | $1,014,000 | $101,000 | $550,000 | $96,000 | $191,000 |
| Not applicable | 9 | $1,276,000 | $141,000 | $465,000 | $0 | $0 |
| Asian | 2 | $248,000 | $124,000 | $170,000 | $145,000 | $150,000 |
| Black or African American | 2 | $298,000 | $149,000 | $261,000 | $127,000 | $127,000 |
| Hispanic | 2 | $188,000 | $94,000 | $139,000 | $114,000 | $114,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 516 | $51,820,000 | $100,000 | $620,000 | $83,000 | $550,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 32 | $2,308,000 | $72,000 | $165,000 | $40,000 | $92,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 507 | $49,614,000 | $97,000 | $620,000 | $82,000 | $550,000 |
| Application Denied By Financial Institution | 26 | $1,987,000 | $76,000 | $167,000 | $46,000 | $117,000 |
| Application Approved But Not Accepted | 7 | $1,255,000 | $179,000 | $400,000 | $114,000 | $225,000 |
| Application Withdrawn By Applicant | 6 | $1,110,000 | $185,000 | $550,000 | $70,000 | $191,000 |
| File Closed For Incompleteness | 1 | $102,000 | $102,000 | $102,000 | $46,000 | $46,000 |
| Preapproval Denied by Financial Institution | 1 | $60,000 | $60,000 | $60,000 | $25,000 | $25,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 20 | $1,573,000 | $78,000 | $167,000 | $47,000 | $117,000 |
| Debt-To-Income Ratio | 5 | $379,000 | $75,000 | $130,000 | $45,000 | $74,000 |
| Collateral | 1 | $21,000 | $21,000 | $21,000 | $8,000 | $8,000 |
| Other | 1 | $74,000 | $74,000 | $74,000 | $55,000 | $55,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank & Trust Company's 2008 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 & Trust Company'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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