Bankplus, FSB Mortgage Lending & HMDA Data, 2006
In 2006, Bankplus, FSB of Morton, IL reported 341 mortgage applications totaling $29.5 million, down 4% from 2005. The average application was for $86,419, and applicants reported an average income of $93,129. 74% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Peoria, IL (291), Bloomington-Normal, IL (4) and Chicago-Naperville-Joliet, IL (1) (applications in parentheses).
| Mortgage Company & Address | Bankplus, FSB 150 S Main St Morton, IL 61550 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 341 |
| Total Mortgage Loan Application Amount | $29,469,000 |
| Average Mortgage Loan Application Amount | $86,419 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $93,129 |
| Highest Applicant Income | $5,528,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankplus, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Peoria, IL | 291 | $ 23,748,000 | $ 81,608 | $ 98,000 |
| Bloomington-Normal, IL | 4 | $ 634,000 | $ 158,500 | $ 76,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 340,000 | $ 340,000 | $ 63,000 |
| Elkhart-Goshen, IN | 1 | $ 51,000 | $ 51,000 | $ 40,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 392,000 | $ 392,000 | $ 200,000 |
| Orlando-Kissimmee, FL | 1 | $ 332,000 | $ 332,000 | $ 166,000 |
| Springfield, IL | 1 | $ 185,000 | $ 185,000 | $ 148,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 400,000 | $ 400,000 | $ 157,000 |
Mortgage Loan Application Detail Totals for Bankplus, FSB in 2006
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 | 197 | $18,777,000 | $95,000 | $800,000 | $112,000 | $5,528,000 |
| Home Purchase | 117 | $10,174,000 | $86,000 | $392,000 | $66,000 | $252,000 |
| Home Improvement | 27 | $518,000 | $19,000 | $45,000 | $73,000 | $131,000 |
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 | 320 | $26,963,000 | $84,000 | $700,000 | $92,000 | $5,528,000 |
| Asian | 6 | $710,000 | $118,000 | $210,000 | $90,000 | $134,000 |
| Black or African American | 5 | $386,000 | $77,000 | $167,000 | $82,000 | $98,000 |
| Not applicable | 5 | $363,000 | $72,000 | $128,000 | $40,000 | $61,000 |
| Hispanic | 2 | $172,000 | $86,000 | $117,000 | $90,000 | $143,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $826,000 | $413,000 | $800,000 | $361,000 | $696,000 |
| American Indian or Alaskan Native | 1 | $49,000 | $49,000 | $49,000 | $45,000 | $45,000 |
| Not Provided | 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) | 341 | $29,469,000 | $86,000 | $800,000 | $93,000 | $5,528,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 | 254 | $22,198,000 | $87,000 | $800,000 | $105,000 | $5,528,000 |
| Application Withdrawn By Applicant | 45 | $3,855,000 | $85,000 | $210,000 | $71,000 | $143,000 |
| Preapproval Denied by Financial Institution | 26 | $2,244,000 | $86,000 | $220,000 | $45,000 | $94,000 |
| Application Denied By Financial Institution | 16 | $1,172,000 | $73,000 | $122,000 | $41,000 | $72,000 |
| Application Approved But Not Accepted | 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 |
| 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 | 18 | $1,272,000 | $70,000 | $108,000 | $47,000 | $86,000 |
| Debt-To-Income Ratio | 18 | $1,671,000 | $92,000 | $220,000 | $41,000 | $94,000 |
| Employment History | 5 | $381,000 | $76,000 | $104,000 | $40,000 | $61,000 |
| Other | 1 | $92,000 | $92,000 | $92,000 | $38,000 | $38,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Bankplus, FSB's 2006 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 Bankplus, FSB'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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with aggregated HMDA statistics today.
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