Bank & Trust Company Mortgage Lending & HMDA Data, 2003
In 2003, Bank & Trust Company of Litchfield, IL reported 1,016 mortgage applications totaling $92.1 million. The average application was for $90,606, and applicants reported an average income of $63,941. 86% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Springfield, IL (454), Bloomington-Normal, IL (3) and Champaign-Urbana, IL (2) (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 | 1,016 |
| Total Mortgage Loan Application Amount | $92,056,000 |
| Average Mortgage Loan Application Amount | $90,606 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $63,941 |
| Highest Applicant Income | $513,000 |
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Act (HMDA) records Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 454 | $ 51,201,000 | $ 112,777 | $ 58,000 |
| Bloomington-Normal, IL | 3 | $ 147,000 | $ 49,000 | $ 176,000 |
| Champaign-Urbana, IL | 2 | $ 210,000 | $ 105,000 | $ 72,000 |
| Chicago, IL | 2 | $ 466,000 | $ 233,000 | $ 88,000 |
| Decatur, IL | 2 | $ 300,000 | $ 150,000 | $ 111,000 |
| St. Louis, MO-IL | 2 | $ 325,000 | $ 162,500 | $ 88,000 |
| Asheville, NC | 1 | $ 212,000 | $ 212,000 | $ 133,000 |
Mortgage Loan Application Detail Totals for Bank & Trust Company in 2003
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 (home purchase or home improvement, one-to-four family) | 788 | $76,918,000 | $141,500 | $700,000 | $97,500 | $513,000 |
| Home Purchase (one-to-four family) | 197 | $13,982,000 | $102,333 | $300,000 | $74,666 | $269,000 |
| Home Improvement (one-to-four family) | 28 | $376,000 | $13,000 | $50,000 | $36,000 | $113,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $780,000 | $260,000 | $536,000 | $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 | 994 | $89,643,000 | $131,333 | $700,000 | $92,000 | $423,000 |
| Not applicable | 8 | $946,000 | $118,000 | $536,000 | $78,000 | $513,000 |
| Asian or Pacific Islander | 6 | $961,000 | $160,000 | $240,000 | $98,000 | $133,000 |
| Hispanic | 4 | $311,000 | $77,000 | $160,000 | $48,000 | $84,000 |
| Information not provided by applicant in mail or telephone application | 2 | $40,000 | $20,000 | $33,000 | $30,000 | $38,000 |
| Black | 1 | $97,000 | $97,000 | $97,000 | $70,000 | $70,000 |
| American Indian or Alaskan Native | 1 | $58,000 | $58,000 | $58,000 | $31,000 | $31,000 |
| Other | 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) | 990 | $90,215,000 | $132,666 | $700,000 | $92,166 | $513,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $1,841,000 | $70,000 | $128,000 | $35,000 | $70,000 |
| 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 | 877 | $81,836,000 | $131,833 | $700,000 | $94,500 | $513,000 |
| Application Denied By Financial Institution | 94 | $6,691,000 | $52,000 | $536,000 | $38,500 | $162,000 |
| Application Approved But Not Accepted | 31 | $2,387,000 | $77,000 | $198,000 | $53,000 | $89,000 |
| Application Withdrawn By Applicant | 14 | $1,142,000 | $81,000 | $183,000 | $54,000 | $127,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 32 | $1,829,000 | $57,000 | $210,000 | $38,000 | $104,000 |
| Debt-To-Income Ratio | 14 | $1,796,000 | $128,000 | $536,000 | $43,000 | $162,000 |
| Collateral | 7 | $424,000 | $49,000 | $147,000 | $41,500 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $340,000 | $56,000 | $64,000 | $43,000 | $55,000 |
| Unverifiable Information | 2 | $136,000 | $68,000 | $76,000 | $41,000 | $48,000 |
| Employment History | 2 | $90,000 | $45,000 | $55,000 | $29,000 | $36,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank & Trust Company's 2003 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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