Beverly Bank & Trust Company, N.A. Mortgage Lending & HMDA Data, 2023
In 2023, Beverly Bank & Trust Company, N.A. of Chicago, IL reported 94 mortgage applications totaling $60.0 million, down 22% from 2022. The average application was for $637,978, and applicants reported an average income of $313,180. 59% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Chicago-Naperville, IL (70), Los Angeles-Long Beach-Glendale, CA (4) and Oakland-Hayward-Berkeley, CA (4) (applications in parentheses).
| Mortgage Company & Address | Beverly Bank & Trust Company, N.A. 10258 South Western Avenue Chicago, IL 60643 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 94 |
| Total Mortgage Loan Application Amount | $59,970,000 |
| Average Mortgage Loan Application Amount | $637,978 |
| Highest Mortgage Loan Application Amount | $10,855,000 |
| Average Applicant Income | $313,180 |
| Highest Applicant Income | $3,966,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beverly Bank & Trust Company, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Beverly Bank & Trust Company, N.A. in 2023
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 | 55 | $39,745,000 | $722,000 | $10,855,000 | $357,000 | $3,966,000 |
| Refinancing | 31 | $15,245,000 | $491,000 | $4,045,000 | $239,000 | $1,087,000 |
| Cash-out Refinancing | 4 | $1,830,000 | $457,000 | $1,525,000 | $200,000 | $503,000 |
| Home Improvement | 3 | $245,000 | $81,000 | $135,000 | $113,000 | $150,000 |
| Other Purpose | 1 | $2,905,000 | $2,905,000 | $2,905,000 | $1,256,000 | $1,256,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 31 | $11,855,000 | $382,000 | $4,045,000 | $61,000 | $125,000 |
| White | 30 | $33,650,000 | $1,121,000 | $10,855,000 | $534,000 | $3,966,000 |
| Black or African American | 18 | $4,050,000 | $225,000 | $1,115,000 | $235,000 | $1,143,000 |
| Hispanic | 5 | $1,155,000 | $231,000 | $365,000 | $82,000 | $108,000 |
| Not Provided | 5 | $3,825,000 | $765,000 | $2,005,000 | $351,000 | $599,000 |
| Asian | 2 | $2,360,000 | $1,180,000 | $1,295,000 | $409,000 | $453,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 94 | $59,970,000 | $637,000 | $10,855,000 | $324,000 | $3,966,000 |
| 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 | 55 | $34,705,000 | $631,000 | $4,045,000 | $369,000 | $1,256,000 |
| Loan Purchased By The Institution | 19 | $2,975,000 | $156,000 | $315,000 | $61,000 | $125,000 |
| Application Withdrawn By Applicant | 14 | $21,100,000 | $1,507,000 | $10,855,000 | $660,000 | $3,966,000 |
| Application Denied By Financial Institution | 5 | $1,155,000 | $231,000 | $425,000 | $119,000 | $232,000 |
| Application Approved But Not Accepted | 1 | $35,000 | $35,000 | $35,000 | $42,000 | $42,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Not applicable | 89 | $58,815,000 | $660,000 | $10,855,000 | $339,000 | $3,966,000 |
| Collateral | 2 | $570,000 | $285,000 | $425,000 | $141,000 | $232,000 |
| Other | 1 | $45,000 | $45,000 | $45,000 | $151,000 | $151,000 |
| Credit History | 1 | $175,000 | $175,000 | $175,000 | $55,000 | $55,000 |
| Debt-To-Income Ratio | 1 | $365,000 | $365,000 | $365,000 | $108,000 | $108,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beverly Bank & Trust Company, N.A.'s 2023 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 Beverly Bank & Trust Company, N.A.'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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