Bank & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, Bank & Trust Company of Litchfield, IL reported 404 mortgage applications totaling $31.5 million, down 60% from 2003. The average application was for $77,861, and applicants reported an average income of $55,678. 74% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Springfield, IL (135), Chicago-Naperville-Joliet, IL (2) and Decatur, 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 | 404 |
| Total Mortgage Loan Application Amount | $31,456,000 |
| Average Mortgage Loan Application Amount | $77,861 |
| Highest Mortgage Loan Application Amount | $475,000 |
| Average Applicant Income | $55,678 |
| Highest Applicant Income | $300,000 |
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Act (HMDA) records Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 135 | $ 14,346,000 | $ 106,266 | $ 70,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 280,000 | $ 140,000 | $ 51,000 |
| Decatur, IL | 2 | $ 118,000 | $ 59,000 | $ 78,000 |
| St. Louis, MO-IL | 1 | $ 74,000 | $ 74,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Bank & Trust Company in 2004
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 | 210 | $19,732,000 | $112,500 | $475,000 | $50,500 | $300,000 |
| Home Purchase | 161 | $11,171,000 | $75,000 | $335,000 | $56,666 | $130,000 |
| Home Improvement | 33 | $553,000 | $16,000 | $80,000 | $54,000 | $187,000 |
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 | 385 | $29,198,000 | $79,666 | $335,000 | $50,666 | $300,000 |
| Not applicable | 6 | $1,067,000 | $177,000 | $475,000 | $0 | $0 |
| Asian | 5 | $692,000 | $125,500 | $219,000 | $90,000 | $113,000 |
| Black or African American | 3 | $200,000 | $66,000 | $88,000 | $75,000 | $139,000 |
| American Indian or Alaskan Native | 2 | $84,000 | $42,000 | $60,000 | $45,000 | $58,000 |
| Not Provided | 1 | $5,000 | $5,000 | $5,000 | $26,000 | $26,000 |
| Hispanic | 1 | $160,000 | $160,000 | $160,000 | $98,000 | $98,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $50,000 | $50,000 | $50,000 | $30,000 | $30,000 |
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) | 385 | $30,222,000 | $79,666 | $475,000 | $56,333 | $300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 19 | $1,234,000 | $64,000 | $109,000 | $39,000 | $73,000 |
| 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 | 298 | $24,527,000 | $78,000 | $475,000 | $52,500 | $300,000 |
| Application Denied By Financial Institution | 70 | $4,147,000 | $95,000 | $299,000 | $40,500 | $240,000 |
| Application Withdrawn By Applicant | 16 | $1,171,000 | $76,500 | $161,000 | $52,000 | $119,000 |
| Preapproval Approved but not Accepted | 11 | $929,000 | $84,000 | $150,000 | $93,000 | $116,000 |
| Application Approved But Not Accepted | 9 | $682,000 | $75,000 | $144,000 | $65,000 | $124,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 41 | $2,554,000 | $96,000 | $299,000 | $44,500 | $240,000 |
| Collateral | 9 | $236,000 | $26,000 | $50,000 | $46,000 | $80,000 |
| Debt-To-Income Ratio | 6 | $629,000 | $104,000 | $227,000 | $25,000 | $43,000 |
| Employment History | 1 | $14,000 | $14,000 | $14,000 | $10,000 | $10,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $78,000 | $78,000 | $78,000 | $50,000 | $50,000 |
| Other | 1 | $11,000 | $11,000 | $11,000 | $43,000 | $43,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2004 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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