Blackhawk Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Blackhawk Bank & Trust of Milan, IL reported 508 mortgage applications totaling $40.9 million, down 4% from 2007. The average application was for $80,513, and applicants reported an average income of $52,102. 76% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (463), Cedar Rapids, IA (3) and Chicago-Naperville-Joliet, IL (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 | 508 |
| Total Mortgage Loan Application Amount | $40,901,000 |
| Average Mortgage Loan Application Amount | $80,513 |
| Highest Mortgage Loan Application Amount | $460,000 |
| Average Applicant Income | $52,102 |
| Highest Applicant Income | $370,000 |
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(HMDA) records Blackhawk Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 238 | $21,004,000 | $88,000 | $400,000 | $57,000 | $370,000 |
| Refinancing | 217 | $17,831,000 | $82,000 | $460,000 | $47,000 | $196,000 |
| Home Improvement | 53 | $2,066,000 | $38,000 | $207,000 | $51,000 | $178,000 |
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 | 367 | $29,231,000 | $79,000 | $446,000 | $62,000 | $370,000 |
| Not applicable | 79 | $6,920,000 | $87,000 | $460,000 | $0 | $54,000 |
| Not Provided | 24 | $2,289,000 | $95,000 | $400,000 | $43,000 | $169,000 |
| Hispanic | 20 | $1,314,000 | $65,000 | $262,000 | $73,000 | $161,000 |
| Black or African American | 13 | $785,000 | $60,000 | $160,000 | $50,000 | $162,000 |
| American Indian or Alaskan Native | 4 | $346,000 | $86,000 | $122,000 | $73,000 | $106,000 |
| Asian | 1 | $16,000 | $16,000 | $16,000 | $51,000 | $51,000 |
| 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) | 507 | $40,870,000 | $80,000 | $460,000 | $52,000 | $370,000 |
| FHA-insured (Federal Housing Administration) | 1 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 |
| 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 | 385 | $29,180,000 | $75,000 | $460,000 | $51,000 | $370,000 |
| Application Denied By Financial Institution | 72 | $6,792,000 | $94,000 | $446,000 | $48,000 | $162,000 |
| Application Approved But Not Accepted | 33 | $3,442,000 | $104,000 | $300,000 | $69,000 | $165,000 |
| Application Withdrawn By Applicant | 14 | $872,000 | $62,000 | $175,000 | $44,000 | $161,000 |
| Preapproval Denied by Financial Institution | 4 | $615,000 | $153,000 | $400,000 | $76,000 | $138,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 32 | $3,992,000 | $124,000 | $446,000 | $51,000 | $120,000 |
| Credit History | 29 | $1,707,000 | $58,000 | $179,000 | $39,000 | $105,000 |
| Collateral | 4 | $286,000 | $71,000 | $120,000 | $62,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $756,000 | $189,000 | $400,000 | $63,000 | $138,000 |
| Other | 4 | $461,000 | $115,000 | $183,000 | $81,000 | $162,000 |
| Credit Application Incomplete | 2 | $131,000 | $65,000 | $106,000 | $25,000 | $50,000 |
| Employment History | 1 | $74,000 | $74,000 | $74,000 | $74,000 | $74,000 |
| Unverifiable Information | 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 2008 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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