Blackhawk Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Blackhawk Bank & Trust of Milan, IL reported 531 mortgage applications totaling $43.0 million, up 10% from 2006. The average application was for $80,964, and applicants reported an average income of $64,610. 77% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (483), Fort Collins-Loveland, CO (2) and Midland, TX (2) (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 | 531 |
| Total Mortgage Loan Application Amount | $42,992,000 |
| Average Mortgage Loan Application Amount | $80,964 |
| Highest Mortgage Loan Application Amount | $1,040,000 |
| Average Applicant Income | $64,610 |
| Highest Applicant Income | $1,800,000 |
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(HMDA) records Blackhawk Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 | 274 | $26,158,000 | $95,000 | $1,040,000 | $72,000 | $1,800,000 |
| Refinancing | 187 | $13,022,000 | $69,000 | $627,000 | $60,000 | $340,000 |
| Home Improvement | 70 | $3,812,000 | $54,000 | $280,000 | $48,000 | $160,000 |
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 | 415 | $33,617,000 | $81,000 | $1,040,000 | $74,000 | $1,800,000 |
| Not applicable | 63 | $5,965,000 | $94,000 | $627,000 | $0 | $0 |
| Black or African American | 20 | $887,000 | $44,000 | $147,000 | $51,000 | $160,000 |
| Hispanic | 18 | $1,747,000 | $97,000 | $733,000 | $105,000 | $423,000 |
| Asian | 7 | $278,000 | $39,000 | $110,000 | $77,000 | $84,000 |
| Not Provided | 6 | $428,000 | $71,000 | $154,000 | $57,000 | $77,000 |
| American Indian or Alaskan Native | 1 | $11,000 | $11,000 | $11,000 | $34,000 | $34,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $59,000 | $59,000 | $59,000 | $48,000 | $48,000 |
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) | 531 | $42,992,000 | $80,000 | $1,040,000 | $65,000 | $1,800,000 |
| 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 | 407 | $29,873,000 | $73,000 | $1,000,000 | $66,000 | $1,800,000 |
| Application Denied By Financial Institution | 67 | $5,321,000 | $79,000 | $528,000 | $56,000 | $244,000 |
| Application Approved But Not Accepted | 36 | $4,781,000 | $132,000 | $733,000 | $80,000 | $385,000 |
| Application Withdrawn By Applicant | 12 | $1,320,000 | $110,000 | $288,000 | $56,000 | $117,000 |
| Preapproval Denied by Financial Institution | 8 | $1,633,000 | $204,000 | $1,040,000 | $43,000 | $67,000 |
| File Closed For Incompleteness | 1 | $64,000 | $64,000 | $64,000 | $46,000 | $46,000 |
| 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 | 37 | $2,359,000 | $63,000 | $141,000 | $50,000 | $180,000 |
| Debt-To-Income Ratio | 26 | $2,536,000 | $97,000 | $275,000 | $59,000 | $192,000 |
| Collateral | 4 | $747,000 | $186,000 | $528,000 | $64,000 | $107,000 |
| Credit Application Incomplete | 2 | $51,000 | $25,000 | $36,000 | $37,000 | $40,000 |
| Other | 2 | $105,000 | $52,000 | $55,000 | $152,000 | $244,000 |
| Employment History | 2 | $85,000 | $42,000 | $60,000 | $30,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,040,000 | $1,040,000 | $1,040,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Blackhawk Bank & Trust's 2007 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.
For a list of all lenders in Illinois, download the full spreadsheet
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