Blackhawk Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Blackhawk Bank & Trust of Milan, IL reported 278 mortgage applications totaling $59.3 million, down 14% from 2022. The average application was for $213,237, and applicants reported an average income of $96,377. 73% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (257), Rockford, IL (3) and Cape Coral-Fort Myers, FL (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 | 278 |
| Total Mortgage Loan Application Amount | $59,280,000 |
| Average Mortgage Loan Application Amount | $213,237 |
| Highest Mortgage Loan Application Amount | $12,395,000 |
| Average Applicant Income | $96,377 |
| Highest Applicant Income | $1,106,000 |
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(HMDA) records Blackhawk Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 191 | $45,595,000 | $238,000 | $12,395,000 | $97,000 | $623,000 |
| Refinancing | 32 | $5,110,000 | $159,000 | $735,000 | $119,000 | $1,106,000 |
| Home Improvement | 25 | $4,795,000 | $191,000 | $2,505,000 | $78,000 | $288,000 |
| Cash-out Refinancing | 22 | $3,400,000 | $154,000 | $1,105,000 | $78,000 | $150,000 |
| Other Purpose | 8 | $380,000 | $47,000 | $105,000 | $99,000 | $194,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 155 | $18,015,000 | $116,000 | $665,000 | $93,000 | $1,106,000 |
| Not applicable | 99 | $36,605,000 | $369,000 | $12,395,000 | $0 | $0 |
| Not Provided | 8 | $1,970,000 | $246,000 | $645,000 | $120,000 | $453,000 |
| Black or African American | 7 | $1,405,000 | $200,000 | $285,000 | $75,000 | $90,000 |
| Hispanic | 6 | $680,000 | $113,000 | $265,000 | $155,000 | $292,000 |
| Asian | 2 | $280,000 | $140,000 | $175,000 | $121,000 | $199,000 |
| 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) | 278 | $59,280,000 | $213,000 | $12,395,000 | $96,000 | $1,106,000 |
| 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 | 204 | $42,580,000 | $208,000 | $12,395,000 | $103,000 | $1,106,000 |
| Application Withdrawn By Applicant | 50 | $14,090,000 | $281,000 | $2,505,000 | $98,000 | $453,000 |
| Application Denied By Financial Institution | 23 | $2,585,000 | $112,000 | $285,000 | $57,000 | $147,000 |
| Application Approved But Not Accepted | 1 | $25,000 | $25,000 | $25,000 | $95,000 | $95,000 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 278 | $59,280,000 | $213,000 | $12,395,000 | $96,000 | $1,106,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Blackhawk Bank & Trust'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 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
with aggregated HMDA statistics today.
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