Bank & Trust Company Mortgage Lending & HMDA Data, 2009
In 2009, Bank & Trust Company of Litchfield, IL reported 787 mortgage applications totaling $83.8 million, up 44% from 2008. The average application was for $106,444, and applicants reported an average income of $91,020. 92% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Springfield, IL (371), St. Louis, MO-IL (147) and Chicago-Naperville-Joliet, IL (5) (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 | 787 |
| Total Mortgage Loan Application Amount | $83,772,000 |
| Average Mortgage Loan Application Amount | $106,444 |
| Highest Mortgage Loan Application Amount | $423,000 |
| Average Applicant Income | $91,020 |
| Highest Applicant Income | $724,000 |
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Act (HMDA) records Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Bank & Trust Company in 2009
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 | 572 | $64,971,000 | $113,000 | $423,000 | $90,000 | $724,000 |
| Home Purchase | 188 | $17,687,000 | $94,000 | $417,000 | $97,000 | $724,000 |
| Home Improvement | 27 | $1,114,000 | $41,000 | $258,000 | $71,000 | $179,000 |
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 | 744 | $79,441,000 | $106,000 | $423,000 | $90,000 | $724,000 |
| Not Provided | 26 | $2,107,000 | $81,000 | $218,000 | $100,000 | $687,000 |
| Asian | 10 | $1,449,000 | $144,000 | $417,000 | $201,000 | $692,000 |
| Not applicable | 5 | $587,000 | $117,000 | $150,000 | $0 | $0 |
| Hispanic | 2 | $188,000 | $94,000 | $108,000 | $70,000 | $76,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 746 | $80,872,000 | $108,000 | $423,000 | $94,000 | $724,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $2,900,000 | $70,000 | $170,000 | $38,000 | $72,000 |
| 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 | 727 | $78,898,000 | $108,000 | $423,000 | $94,000 | $724,000 |
| Application Denied By Financial Institution | 38 | $3,081,000 | $81,000 | $329,000 | $55,000 | $278,000 |
| Application Approved But Not Accepted | 16 | $1,384,000 | $86,000 | $138,000 | $66,000 | $189,000 |
| Application Withdrawn By Applicant | 5 | $369,000 | $73,000 | $122,000 | $50,000 | $108,000 |
| Preapproval Denied by Financial Institution | 1 | $40,000 | $40,000 | $40,000 | $60,000 | $60,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 22 | $1,688,000 | $76,000 | $151,000 | $53,000 | $90,000 |
| Debt-To-Income Ratio | 11 | $632,000 | $57,000 | $94,000 | $29,000 | $74,000 |
| Collateral | 4 | $357,000 | $89,000 | $136,000 | $77,000 | $110,000 |
| Mortgage Insurance Denied | 1 | $329,000 | $329,000 | $329,000 | $278,000 | $278,000 |
| Other | 1 | $115,000 | $115,000 | $115,000 | $89,000 | $89,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank & Trust Company's 2009 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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