Busey Bank Mortgage Lending & HMDA Data, 2022

In 2022, Busey Bank of Champaign, IL reported 3,968 mortgage applications totaling $1.2 billion, down 29% from 2021. The average application was for $310,791, and applicants reported an average income of $159,580. 77% of its applications resulted in an originated loan and 10% were denied. Its largest markets were St. Louis, MO-IL (905), Champaign-Urbana, IL (798) and Chicago-Naperville, IL (712) (applications in parentheses).

Mortgage Company & Address Busey Bank
100 W University Ave
Champaign, IL 61820
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 3,968
Total Mortgage Loan Application Amount $1,233,220,000
Average Mortgage Loan Application Amount $310,791
Highest Mortgage Loan Application Amount $43,945,000
Average Applicant Income $159,580
Highest Applicant Income $7,404,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Busey Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Busey Bank by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Champaign, Illinois 771 $ 228,495,000 $ 296,361 $ 123,000
Madison, Illinois 414 $ 52,950,000 $ 127,898 $ 103,000
Cook, Illinois 340 $ 171,780,000 $ 505,235 $ 200,000
McLean, Illinois 245 $ 69,635,000 $ 284,224 $ 116,000
St. Louis, Missouri 181 $ 56,925,000 $ 314,502 $ 214,000
Will, Illinois 179 $ 37,265,000 $ 208,184 $ 136,000
Peoria, Illinois 177 $ 18,175,000 $ 102,683 $ 123,000
Macon, Illinois 167 $ 16,375,000 $ 98,053 $ 70,000
Lee, Florida 160 $ 52,590,000 $ 328,687 $ 343,000
Tazewell, Illinois 126 $ 13,280,000 $ 105,396 $ 92,000
DuPage, Illinois 110 $ 38,880,000 $ 353,454 $ 229,000
St. Clair, Illinois 91 $ 14,635,000 $ 160,824 $ 115,000
Marion, Indiana 88 $ 16,310,000 $ 185,340 $ 97,000
St. Louis City, Missouri 87 $ 26,485,000 $ 304,425 $ 100,000
Grundy, Illinois 78 $ 16,930,000 $ 217,051 $ 148,000
St. Charles, Missouri 51 $ 73,485,000 $ 1,440,882 $ 97,000
Hamilton, Indiana 33 $ 11,385,000 $ 345,000 $ 236,000
Lake, Illinois 32 $ 16,190,000 $ 505,937 $ 233,000
Woodford, Illinois 31 $ 4,065,000 $ 131,129 $ 120,000
Kane, Illinois 29 $ 6,305,000 $ 217,413 $ 204,000
Charlotte, Florida 27 $ 7,265,000 $ 269,074 $ 152,000
Piatt, Illinois 27 $ 3,595,000 $ 133,148 $ 97,000
Sarasota, Florida 26 $ 4,840,000 $ 186,153 $ 95,000
Jefferson, Missouri 23 $ 4,575,000 $ 198,913 $ 101,000
Ford, Illinois 20 $ 1,960,000 $ 98,000 $ 77,000
Douglas, Illinois 19 $ 1,775,000 $ 93,421 $ 76,000
Livingston, Illinois 19 $ 2,145,000 $ 112,894 $ 84,000
Vermilion, Illinois 18 $ 3,970,000 $ 220,555 $ 154,000
Collier, Florida 17 $ 12,975,000 $ 763,235 $ 408,000
Kendall, Illinois 17 $ 3,445,000 $ 202,647 $ 196,000
Jersey, Illinois 13 $ 995,000 $ 76,538 $ 82,000
Shelby, Illinois 13 $ 1,645,000 $ 126,538 $ 110,000
Macoupin, Illinois 12 $ 850,000 $ 70,833 $ 78,000
Maricopa, Arizona 11 $ 4,445,000 $ 404,090 $ 734,000
De Witt, Illinois 10 $ 880,000 $ 88,000 $ 106,000
Boone, Indiana 10 $ 2,540,000 $ 254,000 $ 258,000
Orange, Florida 9 $ 4,255,000 $ 472,777 $ 962,000
Iroquois, Illinois 9 $ 995,000 $ 110,555 $ 139,000
Camden, Missouri 9 $ 2,895,000 $ 321,666 $ 229,000
Clinton, Illinois 8 $ 1,160,000 $ 145,000 $ 110,000
Mason, Illinois 8 $ 640,000 $ 80,000 $ 59,000
Monroe, Illinois 8 $ 2,180,000 $ 272,500 $ 182,000
Sangamon, Illinois 8 $ 1,110,000 $ 138,750 $ 75,000
Bond, Illinois 7 $ 505,000 $ 72,142 $ 49,000
LaSalle, Illinois 7 $ 585,000 $ 83,571 $ 203,000
Pinellas, Florida 6 $ 2,480,000 $ 413,333 $ 521,000
Moultrie, Illinois 6 $ 500,000 $ 83,333 $ 138,000
Manatee, Florida 5 $ 3,595,000 $ 719,000 $ 315,000
Coles, Illinois 5 $ 505,000 $ 101,000 $ 80,000
Kankakee, Illinois 5 $ 435,000 $ 87,000 $ 122,000
McHenry, Illinois 5 $ 1,295,000 $ 259,000 $ 1,556,000
Lake, Indiana 5 $ 1,615,000 $ 323,000 $ 169,000
Monroe, Indiana 5 $ 78,415,000 $ 15,683,000 $ 0
Lincoln, Missouri 5 $ 595,000 $ 119,000 $ 141,000
Kenosha, Wisconsin 5 $ 5,035,000 $ 1,007,000 $ 1,238,000
Montgomery, Illinois 4 $ 420,000 $ 105,000 $ 87,000
Duval, Florida 3 $ 1,185,000 $ 395,000 $ 618,000
Palm Beach, Florida 3 $ 1,025,000 $ 341,666 $ 390,000
Cumberland, Illinois 3 $ 515,000 $ 171,666 $ 137,000
DeKalb, Illinois 3 $ 465,000 $ 155,000 $ 74,000
Fulton, Illinois 3 $ 365,000 $ 121,666 $ 43,000
Winnebago, Illinois 3 $ 315,000 $ 105,000 $ 184,000
Tippecanoe, Indiana 3 $ 5,375,000 $ 1,791,666 $ 0
Franklin, Missouri 3 $ 965,000 $ 321,666 $ 128,000
Harris, Texas 3 $ 875,000 $ 291,666 $ 242,000
Benton, Arkansas 2 $ 570,000 $ 285,000 $ 44,000
San Benito, California 2 $ 1,910,000 $ 955,000 $ 334,000
District of Columbia, District Of Columbia 2 $ 1,290,000 $ 645,000 $ 0
Brevard, Florida 2 $ 860,000 $ 430,000 $ 325,000
Hendry, Florida 2 $ 740,000 $ 370,000 $ 164,000
Hillsborough, Florida 2 $ 15,210,000 $ 7,605,000 $ 238,000
Miami-Dade, Florida 2 $ 610,000 $ 305,000 $ 340,000
Okaloosa, Florida 2 $ 1,060,000 $ 530,000 $ 224,000
St. Johns, Florida 2 $ 930,000 $ 465,000 $ 83,000
Sumter, Florida 2 $ 490,000 $ 245,000 $ 171,000
Walton, Florida 2 $ 1,440,000 $ 720,000 $ 1,102,000
Christian, Illinois 2 $ 280,000 $ 140,000 $ 142,000
Effingham, Illinois 2 $ 540,000 $ 270,000 $ 99,000
Logan, Illinois 2 $ 160,000 $ 80,000 $ 95,000
Fountain, Indiana 2 $ 390,000 $ 195,000 $ 113,000
Hendricks, Indiana 2 $ 90,000 $ 45,000 $ 44,000
Johnson, Indiana 2 $ 1,060,000 $ 530,000 $ 299,000
Polk, Iowa 2 $ 290,000 $ 145,000 $ 0
Scott, Iowa 2 $ 1,610,000 $ 805,000 $ 180,000
Allegan, Michigan 2 $ 1,670,000 $ 835,000 $ 615,000
Berrien, Michigan 2 $ 760,000 $ 380,000 $ 516,000
Muskegon, Michigan 2 $ 560,000 $ 280,000 $ 110,000
Jackson, Missouri 2 $ 480,000 $ 240,000 $ 82,000
Stone, Missouri 2 $ 400,000 $ 200,000 $ 349,000
Warren, Missouri 2 $ 550,000 $ 275,000 $ 167,000
Travis, Texas 2 $ 810,000 $ 405,000 $ 1,274,000
Columbia, Wisconsin 2 $ 960,000 $ 480,000 $ 231,000
Walworth, Wisconsin 2 $ 790,000 $ 395,000 $ 3,264,000
Baldwin, Alabama 1 $ 295,000 $ 295,000 $ 58,000
Tuscaloosa, Alabama 1 $ 485,000 $ 485,000 $ 145,000
Yavapai, Arizona 1 $ 1,065,000 $ 1,065,000 $ 1,554,000
Poinsett, Arkansas 1 $ 95,000 $ 95,000 $ 90,000
Los Angeles, California 1 $ 535,000 $ 535,000 $ 348,000
Riverside, California 1 $ 1,475,000 $ 1,475,000 $ 1,632,000
San Bernardino, California 1 $ 515,000 $ 515,000 $ 212,000
San Diego, California 1 $ 505,000 $ 505,000 $ 257,000
Santa Clara, California 1 $ 975,000 $ 975,000 $ 162,000
Denver, Colorado 1 $ 985,000 $ 985,000 $ 1,831,000
El Paso, Colorado 1 $ 1,105,000 $ 1,105,000 $ 3,702,000
Bay, Florida 1 $ 525,000 $ 525,000 $ 0
Broward, Florida 1 $ 1,895,000 $ 1,895,000 $ 867,000
Gulf, Florida 1 $ 545,000 $ 545,000 $ 172,000
Indian River, Florida 1 $ 55,000 $ 55,000 $ 939,000
Marion, Florida 1 $ 365,000 $ 365,000 $ 108,000
Martin, Florida 1 $ 595,000 $ 595,000 $ 825,000
Osceola, Florida 1 $ 525,000 $ 525,000 $ 296,000
Pasco, Florida 1 $ 335,000 $ 335,000 $ 128,000
Polk, Florida 1 $ 205,000 $ 205,000 $ 220,000
Volusia, Florida 1 $ 405,000 $ 405,000 $ 193,000
Ada, Idaho 1 $ 425,000 $ 425,000 $ 270,000
Adams, Illinois 1 $ 95,000 $ 95,000 $ 42,000
Brown, Illinois 1 $ 45,000 $ 45,000 $ 138,000
Bureau, Illinois 1 $ 35,000 $ 35,000 $ 42,000
Clark, Illinois 1 $ 55,000 $ 55,000 $ 118,000
Edgar, Illinois 1 $ 45,000 $ 45,000 $ 138,000
Fayette, Illinois 1 $ 105,000 $ 105,000 $ 0
Jackson, Illinois 1 $ 55,000 $ 55,000 $ 100,000
Jo Daviess, Illinois 1 $ 355,000 $ 355,000 $ 369,000
Lee, Illinois 1 $ 295,000 $ 295,000 $ 292,000
Marshall, Illinois 1 $ 135,000 $ 135,000 $ 91,000
McDonough, Illinois 1 $ 75,000 $ 75,000 $ 54,000
Ogle, Illinois 1 $ 155,000 $ 155,000 $ 9,000
Pope, Illinois 1 $ 145,000 $ 145,000 $ 131,000
Randolph, Illinois 1 $ 5,000 $ 5,000 $ 35,000
Stark, Illinois 1 $ 45,000 $ 45,000 $ 36,000
Washington, Illinois 1 $ 105,000 $ 105,000 $ 47,000
Bartholomew, Indiana 1 $ 95,000 $ 95,000 $ 63,000
Delaware, Indiana 1 $ 3,115,000 $ 3,115,000 $ 0
Elkhart, Indiana 1 $ 11,275,000 $ 11,275,000 $ 0
Hancock, Indiana 1 $ 65,000 $ 65,000 $ 105,000
LaPorte, Indiana 1 $ 2,725,000 $ 2,725,000 $ 1,340,000
Martin, Indiana 1 $ 505,000 $ 505,000 $ 511,000
Porter, Indiana 1 $ 55,000 $ 55,000 $ 840,000
Putnam, Indiana 1 $ 255,000 $ 255,000 $ 250,000
Johnson, Kansas 1 $ 55,000 $ 55,000 $ 151,000
Sedgwick, Kansas 1 $ 265,000 $ 265,000 $ 115,000
Cumberland, Kentucky 1 $ 185,000 $ 185,000 $ 40,000
Baltimore, Maryland 1 $ 265,000 $ 265,000 $ 159,000
Gogebic, Michigan 1 $ 45,000 $ 45,000 $ 307,000
Livingston, Michigan 1 $ 275,000 $ 275,000 $ 0
St. Joseph, Michigan 1 $ 255,000 $ 255,000 $ 910,000
Olmsted, Minnesota 1 $ 26,835,000 $ 26,835,000 $ 0
Barry, Missouri 1 $ 395,000 $ 395,000 $ 170,000
Bollinger, Missouri 1 $ 355,000 $ 355,000 $ 174,000
Clay, Missouri 1 $ 5,000 $ 5,000 $ 18,000
Crawford, Missouri 1 $ 315,000 $ 315,000 $ 207,000
Greene, Missouri 1 $ 15,000 $ 15,000 $ 169,000
Johnson, Missouri 1 $ 95,000 $ 95,000 $ 186,000
Miller, Missouri 1 $ 205,000 $ 205,000 $ 82,000
Perry, Missouri 1 $ 975,000 $ 975,000 $ 0
Taney, Missouri 1 $ 1,725,000 $ 1,725,000 $ 0
Flathead, Montana 1 $ 345,000 $ 345,000 $ 266,000
Gallatin, Montana 1 $ 3,055,000 $ 3,055,000 $ 0
Douglas, Nebraska 1 $ 745,000 $ 745,000 $ 473,000
Clark, Nevada 1 $ 395,000 $ 395,000 $ 186,000
Mecklenburg, North Carolina 1 $ 495,000 $ 495,000 $ 127,000
Mahoning, Ohio 1 $ 25,000 $ 25,000 $ 0
Portage, Ohio 1 $ 105,000 $ 105,000 $ 78,000
Chester, Pennsylvania 1 $ 575,000 $ 575,000 $ 283,000
Westmoreland, Pennsylvania 1 $ 425,000 $ 425,000 $ 540,000
Richland, South Carolina 1 $ 335,000 $ 335,000 $ 780,000
Bradley, Tennessee 1 $ 255,000 $ 255,000 $ 54,000
Campbell, Tennessee 1 $ 615,000 $ 615,000 $ 315,000
Sevier, Tennessee 1 $ 295,000 $ 295,000 $ 451,000
Sumner, Tennessee 1 $ 235,000 $ 235,000 $ 182,000
Carson, Texas 1 $ 145,000 $ 145,000 $ 51,000
Fort Bend, Texas 1 $ 405,000 $ 405,000 $ 0
Kewaunee, Wisconsin 1 $ 145,000 $ 145,000 $ 31,000
Milwaukee, Wisconsin 1 $ 865,000 $ 865,000 $ 1,449,000
Racine, Wisconsin 1 $ 275,000 $ 275,000 $ 157,000
Vilas, Wisconsin 1 $ 305,000 $ 305,000 $ 602,000
Albany, Wyoming 1 $ 315,000 $ 315,000 $ 166,000

Mortgage Loan Application Detail Totals for Busey Bank in 2022

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 1,499 $597,525,000 $398,000 $43,945,000 $137,000 $3,788,000
Refinancing 999 $397,665,000 $398,000 $29,255,000 $154,000 $3,140,000
Other Purpose 754 $80,940,000 $107,000 $3,005,000 $168,000 $6,376,000
Cash-out Refinancing 468 $134,780,000 $287,000 $6,655,000 $239,000 $7,404,000
Home Improvement 247 $22,095,000 $89,000 $575,000 $143,000 $2,299,000
Not Applicable 1 $215,000 $215,000 $215,000 $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 2,667 $482,645,000 $180,000 $6,655,000 $168,000 $7,404,000
Not Provided 427 $102,705,000 $240,000 $3,125,000 $190,000 $5,683,000
Hispanic 307 $59,345,000 $193,000 $4,415,000 $81,000 $1,265,000
Not applicable 268 $532,900,000 $1,988,000 $43,945,000 $0 $0
Black or African American 140 $16,860,000 $120,000 $1,685,000 $84,000 $699,000
Asian 122 $31,040,000 $254,000 $1,805,000 $166,000 $786,000
American Indian or Alaskan Native 4 $200,000 $50,000 $75,000 $99,000 $218,000
Native Hawaiian or Other Pacific Islander 2 $240,000 $120,000 $145,000 $99,000 $149,000

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) 3,840 $1,215,470,000 $316,000 $43,945,000 $164,000 $7,404,000
FHA-insured (Federal Housing Administration) 100 $13,260,000 $132,000 $315,000 $58,000 $154,000
VA-guaranteed (Veterans Administration) 19 $3,535,000 $186,000 $415,000 $67,000 $139,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9 $955,000 $106,000 $155,000 $49,000 $77,000

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 3,060 $980,050,000 $320,000 $43,945,000 $158,000 $3,702,000
Application Denied By Financial Institution 396 $43,990,000 $111,000 $1,055,000 $83,000 $1,433,000
Application Withdrawn By Applicant 373 $155,125,000 $415,000 $34,765,000 $241,000 $7,404,000
File Closed For Incompleteness 94 $20,550,000 $218,000 $3,005,000 $247,000 $3,997,000
Application Approved But Not Accepted 43 $32,775,000 $762,000 $22,105,000 $147,000 $1,228,000
Loan Purchased By The Institution 2 $730,000 $365,000 $515,000 $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
Not applicable 3,572 $1,189,230,000 $332,000 $43,945,000 $169,000 $7,404,000
Debt-To-Income Ratio 158 $19,290,000 $122,000 $815,000 $61,000 $374,000
Credit History 143 $10,525,000 $73,000 $425,000 $88,000 $840,000
Collateral 50 $6,130,000 $122,000 $1,055,000 $103,000 $430,000
Other 17 $3,395,000 $199,000 $665,000 $201,000 $1,433,000
Unverifiable Information 13 $1,735,000 $133,000 $405,000 $76,000 $224,000
Employment History 6 $600,000 $100,000 $255,000 $80,000 $185,000
Insufficient Cash (Downpayment, Closing Cost) 6 $1,070,000 $178,000 $575,000 $99,000 $286,000
Credit Application Incomplete 3 $1,245,000 $415,000 $635,000 $78,000 $78,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Busey Bank's 2022 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 Busey Bank'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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