Bank & Trust Company Mortgage Lending & HMDA Data, 2005
In 2005, Bank & Trust Company of Litchfield, IL reported 321 mortgage applications totaling $26.0 million, down 21% from 2004. The average application was for $80,940, and applicants reported an average income of $58,109. 82% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Springfield, IL (104), Champaign-Urbana, IL (3) 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 | 321 |
| Total Mortgage Loan Application Amount | $25,982,000 |
| Average Mortgage Loan Application Amount | $80,940 |
| Highest Mortgage Loan Application Amount | $550,000 |
| Average Applicant Income | $58,109 |
| Highest Applicant Income | $600,000 |
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Act (HMDA) records Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 104 | $ 11,302,000 | $ 108,673 | $ 59,000 |
| Champaign-Urbana, IL | 3 | $ 269,000 | $ 89,666 | $ 132,000 |
| Decatur, IL | 2 | $ 67,000 | $ 33,500 | $ 72,000 |
| Gary, IN | 1 | $ 92,000 | $ 92,000 | $ 46,000 |
| Gulfport-Biloxi, MS | 1 | $ 110,000 | $ 110,000 | $ 93,000 |
| Mobile, AL | 1 | $ 71,000 | $ 71,000 | $ 91,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 149,000 | $ 149,000 | $ 138,000 |
| Peoria, IL | 1 | $ 113,000 | $ 113,000 | $ 57,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 360,000 | $ 360,000 | $ 252,000 |
| St. Louis, MO-IL | 1 | $ 59,000 | $ 59,000 | $ 140,000 |
Mortgage Loan Application Detail Totals for Bank & Trust Company in 2005
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 | 164 | $15,247,000 | $140,000 | $360,000 | $142,333 | $600,000 |
| Refinancing | 120 | $9,983,000 | $105,250 | $550,000 | $86,750 | $270,000 |
| Home Improvement | 37 | $752,000 | $12,500 | $100,000 | $46,000 | $132,000 |
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 | 311 | $25,279,000 | $127,777 | $550,000 | $127,111 | $600,000 |
| Not applicable | 4 | $334,000 | $83,000 | $118,000 | $0 | $0 |
| Not Provided | 3 | $149,000 | $49,000 | $145,000 | $31,000 | $39,000 |
| American Indian or Alaskan Native | 1 | $60,000 | $60,000 | $60,000 | $47,000 | $47,000 |
| Hispanic | 1 | $66,000 | $66,000 | $66,000 | $104,000 | $104,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $94,000 | $94,000 | $94,000 | $22,000 | $22,000 |
| 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) | 298 | $24,631,000 | $127,888 | $550,000 | $127,000 | $600,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $1,351,000 | $58,000 | $119,000 | $39,000 | $60,000 |
| 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 | 262 | $20,748,000 | $114,000 | $360,000 | $130,875 | $600,000 |
| Application Denied By Financial Institution | 33 | $2,513,000 | $76,000 | $550,000 | $39,000 | $270,000 |
| Application Approved But Not Accepted | 11 | $777,000 | $70,000 | $226,000 | $61,000 | $212,000 |
| Application Withdrawn By Applicant | 8 | $878,000 | $109,500 | $314,000 | $78,000 | $130,000 |
| Preapproval Approved but not Accepted | 5 | $889,000 | $177,000 | $360,000 | $71,000 | $112,000 |
| Preapproval Denied by Financial Institution | 2 | $177,000 | $88,000 | $120,000 | $40,000 | $57,000 |
| 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 | 25 | $1,183,000 | $65,500 | $145,000 | $38,000 | $80,000 |
| Debt-To-Income Ratio | 9 | $1,445,000 | $160,000 | $550,000 | $42,000 | $270,000 |
| Employment History | 1 | $62,000 | $62,000 | $62,000 | $60,000 | $60,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank & Trust Company's 2005 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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