Blackhawk Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Blackhawk Bank & Trust of Milan, IL reported 411 mortgage applications totaling $26.6 million. The average application was for $64,615, and applicants reported an average income of $65,581. 79% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (35), Daytona Beach, FL (2) and Odessa-Midland, TX (1) (applications in parentheses).
| Mortgage Company & Address | Blackhawk Bank & Trust 301 4th Street West Milan, IL 61264 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 | 411 |
| Total Mortgage Loan Application Amount | $26,557,000 |
| Average Mortgage Loan Application Amount | $64,615 |
| Highest Mortgage Loan Application Amount | $335,000 |
| Average Applicant Income | $65,581 |
| Highest Applicant Income | $651,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Blackhawk Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Davenport-Moline-Rock Island, IA-IL | 35 | $ 3,309,000 | $ 94,542 | $ 71,000 |
| Daytona Beach, FL | 2 | $ 417,000 | $ 208,500 | $ 149,000 |
| Odessa-Midland, TX | 1 | $ 115,000 | $ 115,000 | $ 285,000 |
| Springfield, IL | 1 | $ 220,000 | $ 220,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for Blackhawk Bank & Trust in 2003
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 (one-to-four family) | 186 | $13,795,000 | $137,600 | $335,000 | $131,800 | $488,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 176 | $11,550,000 | $78,000 | $325,000 | $95,000 | $651,000 |
| Home Improvement (one-to-four family) | 48 | $1,114,000 | $50,333 | $125,000 | $82,333 | $158,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $98,000 | $98,000 | $98,000 | $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 |
|---|---|---|---|---|---|---|
| White | 384 | $25,278,000 | $119,600 | $335,000 | $133,200 | $488,000 |
| Hispanic | 20 | $979,000 | $32,500 | $215,000 | $32,000 | $325,000 |
| Black | 3 | $94,000 | $31,000 | $71,000 | $24,000 | $41,000 |
| Not applicable | 2 | $87,000 | $43,000 | $49,000 | $651,000 | $651,000 |
| Other | 1 | $62,000 | $62,000 | $62,000 | $244,000 | $244,000 |
| Asian or Pacific Islander | 1 | $57,000 | $57,000 | $57,000 | $46,000 | $46,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 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) | 411 | $26,557,000 | $118,200 | $335,000 | $136,400 | $651,000 |
| 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 | 326 | $21,333,000 | $119,400 | $335,000 | $143,000 | $651,000 |
| Application Denied By Financial Institution | 47 | $2,559,000 | $55,000 | $120,000 | $58,500 | $131,000 |
| Application Withdrawn By Applicant | 19 | $1,315,000 | $81,000 | $250,000 | $46,000 | $203,000 |
| Application Approved But Not Accepted | 19 | $1,350,000 | $71,000 | $214,000 | $48,000 | $113,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 23 | $1,068,000 | $51,000 | $90,000 | $70,500 | $127,000 |
| Debt-To-Income Ratio | 16 | $1,126,000 | $64,500 | $120,000 | $55,500 | $131,000 |
| Employment History | 3 | $113,000 | $37,000 | $105,000 | $38,000 | $60,000 |
| Collateral | 3 | $136,000 | $45,000 | $97,000 | $30,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $116,000 | $58,000 | $78,000 | $29,000 | $30,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Blackhawk Bank & Trust's 2003 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 Blackhawk Bank & Trust'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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