Blackhawk Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Blackhawk Bank & Trust of Milan, IL reported 386 mortgage applications totaling $25.3 million, down 6% from 2003. The average application was for $65,481, and applicants reported an average income of $47,196. 74% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (38), Chicago-Naperville-Joliet, IL (1) and Deltona-Daytona Beach-Ormond Beach, FL (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 | 386 |
| Total Mortgage Loan Application Amount | $25,276,000 |
| Average Mortgage Loan Application Amount | $65,481 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $47,196 |
| Highest Applicant Income | $427,000 |
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(HMDA) records Blackhawk Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Blackhawk Bank & Trust in 2004
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 | 195 | $15,871,000 | $146,500 | $500,000 | $50,000 | $427,000 |
| Refinancing | 120 | $7,297,000 | $83,333 | $300,000 | $75,333 | $244,000 |
| Home Improvement | 71 | $2,108,000 | $30,500 | $143,000 | $46,000 | $150,000 |
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 | 349 | $23,377,000 | $139,000 | $500,000 | $63,400 | $427,000 |
| Hispanic | 20 | $1,062,000 | $31,666 | $130,000 | $31,000 | $100,000 |
| Black or African American | 9 | $434,000 | $103,500 | $175,000 | $16,000 | $57,000 |
| American Indian or Alaskan Native | 3 | $217,000 | $73,500 | $78,000 | $24,500 | $33,000 |
| Not applicable | 2 | $54,000 | $27,000 | $30,000 | $0 | $0 |
| Not Provided | 2 | $67,000 | $33,000 | $42,000 | $143,000 | $244,000 |
| Asian | 1 | $65,000 | $65,000 | $65,000 | $64,000 | $64,000 |
| 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) | 386 | $25,276,000 | $135,200 | $500,000 | $61,200 | $427,000 |
| 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 | 286 | $17,948,000 | $155,750 | $500,000 | $71,750 | $427,000 |
| Application Denied By Financial Institution | 61 | $4,385,000 | $84,500 | $285,000 | $34,500 | $101,000 |
| Application Approved But Not Accepted | 24 | $1,776,000 | $69,000 | $196,000 | $79,000 | $186,000 |
| Application Withdrawn By Applicant | 12 | $992,000 | $72,666 | $188,000 | $44,000 | $89,000 |
| Preapproval Approved but not Accepted | 2 | $90,000 | $45,000 | $70,000 | $30,000 | $37,000 |
| File Closed For Incompleteness | 1 | $85,000 | $85,000 | $85,000 | $79,000 | $79,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 38 | $2,266,000 | $68,000 | $153,000 | $48,000 | $101,000 |
| Debt-To-Income Ratio | 12 | $1,053,000 | $102,000 | $155,000 | $24,000 | $88,000 |
| Collateral | 5 | $652,000 | $134,500 | $285,000 | $21,000 | $66,000 |
| Employment History | 3 | $200,000 | $66,000 | $105,000 | $22,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $109,000 | $54,000 | $68,000 | $24,000 | $48,000 |
| Other | 1 | $105,000 | $105,000 | $105,000 | $57,000 | $57,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Blackhawk Bank & Trust's 2004 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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