Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, Bank & Trust Company of Litchfield, IL reported 275 mortgage applications totaling $32.2 million, down 6% from 2016. The average application was for $116,941, and applicants reported an average income of $87,654. 80% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Springfield, IL (93), St. Louis, MO-IL (59) and Denver-Aurora-Lakewood, CO (3) (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 | 275 |
| Total Mortgage Loan Application Amount | $32,159,000 |
| Average Mortgage Loan Application Amount | $116,941 |
| Highest Mortgage Loan Application Amount | $1,817,000 |
| Average Applicant Income | $87,654 |
| Highest Applicant Income | $461,000 |
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Act (HMDA) records Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 146 | $17,920,000 | $122,000 | $536,000 | $92,000 | $461,000 |
| Refinancing | 74 | $11,709,000 | $158,000 | $1,817,000 | $87,000 | $369,000 |
| Home Improvement | 55 | $2,530,000 | $46,000 | $350,000 | $77,000 | $222,000 |
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 | 256 | $28,716,000 | $112,000 | $1,817,000 | $92,000 | $461,000 |
| Not applicable | 10 | $2,189,000 | $218,000 | $476,000 | $0 | $0 |
| Hispanic | 3 | $583,000 | $194,000 | $200,000 | $67,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $288,000 | $144,000 | $148,000 | $67,000 | $89,000 |
| Asian | 2 | $306,000 | $153,000 | $246,000 | $88,000 | $127,000 |
| Black or African American | 1 | $25,000 | $25,000 | $25,000 | $110,000 | $110,000 |
| Not Provided | 1 | $52,000 | $52,000 | $52,000 | $46,000 | $46,000 |
| 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) | 274 | $32,083,000 | $117,000 | $1,817,000 | $88,000 | $461,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $76,000 | $76,000 | $76,000 | $35,000 | $35,000 |
| 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 | 219 | $24,775,000 | $113,000 | $1,817,000 | $89,000 | $461,000 |
| Application Denied By Financial Institution | 27 | $2,826,000 | $104,000 | $335,000 | $69,000 | $287,000 |
| Application Approved But Not Accepted | 12 | $1,668,000 | $139,000 | $350,000 | $81,000 | $160,000 |
| Application Withdrawn By Applicant | 11 | $2,199,000 | $199,000 | $620,000 | $135,000 | $369,000 |
| Preapproval Denied by Financial Institution | 3 | $369,000 | $123,000 | $150,000 | $51,000 | $82,000 |
| Preapproval Approved but not Accepted | 2 | $180,000 | $90,000 | $100,000 | $111,000 | $187,000 |
| Loan Purchased By The Institution | 1 | $142,000 | $142,000 | $142,000 | $0 | $0 |
| File Closed For Incompleteness | 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 | 19 | $1,694,000 | $89,000 | $226,000 | $73,000 | $287,000 |
| Debt-To-Income Ratio | 9 | $1,335,000 | $148,000 | $335,000 | $64,000 | $125,000 |
| Collateral | 1 | $130,000 | $130,000 | $130,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $36,000 | $36,000 | $36,000 | $48,000 | $48,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank & Trust Company's 2017 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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