Bank & Trust Company Mortgage Lending & HMDA Data, 2016
In 2016, Bank & Trust Company of Litchfield, IL reported 293 mortgage applications totaling $34.1 million, down 10% from 2015. The average application was for $116,228, and applicants reported an average income of $93,419. 76% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Springfield, IL (129), St. Louis, MO-IL (51) and Chicago-Naperville-Arlington Heights, IL (4) (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 | 293 |
| Total Mortgage Loan Application Amount | $34,055,000 |
| Average Mortgage Loan Application Amount | $116,228 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $93,419 |
| Highest Applicant Income | $873,000 |
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Act (HMDA) records Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 150 | $17,897,000 | $119,000 | $592,000 | $100,000 | $873,000 |
| Refinancing | 87 | $12,709,000 | $146,000 | $1,000,000 | $92,000 | $542,000 |
| Home Improvement | 56 | $3,449,000 | $61,000 | $267,000 | $78,000 | $230,000 |
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 | 273 | $31,580,000 | $115,000 | $1,000,000 | $96,000 | $873,000 |
| Not applicable | 7 | $579,000 | $82,000 | $200,000 | $0 | $0 |
| Not Provided | 6 | $603,000 | $100,000 | $197,000 | $78,000 | $139,000 |
| Asian | 4 | $907,000 | $226,000 | $417,000 | $128,000 | $257,000 |
| Hispanic | 1 | $189,000 | $189,000 | $189,000 | $73,000 | $73,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $148,000 | $148,000 | $148,000 | $86,000 | $86,000 |
| American Indian or Alaskan Native | 1 | $49,000 | $49,000 | $49,000 | $42,000 | $42,000 |
| 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) | 289 | $33,719,000 | $116,000 | $1,000,000 | $94,000 | $873,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $220,000 | $110,000 | $123,000 | $84,000 | $116,000 |
| VA-guaranteed (Veterans Administration) | 1 | $75,000 | $75,000 | $75,000 | $29,000 | $29,000 |
| FHA-insured (Federal Housing Administration) | 1 | $41,000 | $41,000 | $41,000 | $23,000 | $23,000 |
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 | 222 | $26,446,000 | $119,000 | $1,000,000 | $100,000 | $873,000 |
| Application Denied By Financial Institution | 38 | $4,177,000 | $109,000 | $575,000 | $62,000 | $213,000 |
| Application Approved But Not Accepted | 14 | $1,565,000 | $111,000 | $417,000 | $80,000 | $257,000 |
| Application Withdrawn By Applicant | 13 | $1,464,000 | $112,000 | $200,000 | $107,000 | $219,000 |
| Preapproval Denied by Financial Institution | 4 | $310,000 | $77,000 | $123,000 | $71,000 | $116,000 |
| Preapproval Approved but not Accepted | 1 | $41,000 | $41,000 | $41,000 | $23,000 | $23,000 |
| File Closed For Incompleteness | 1 | $52,000 | $52,000 | $52,000 | $58,000 | $58,000 |
| 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 | 21 | $1,298,000 | $61,000 | $171,000 | $54,000 | $120,000 |
| Debt-To-Income Ratio | 17 | $2,356,000 | $138,000 | $575,000 | $63,000 | $213,000 |
| Collateral | 3 | $710,000 | $236,000 | $525,000 | $100,000 | $162,000 |
| Other | 1 | $123,000 | $123,000 | $123,000 | $116,000 | $116,000 |
| 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 2016 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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