Citizens State Bank of New Castle Mortgage Lending & HMDA Data, 2023
In 2023, Citizens State Bank of New Castle of New Castle, IN reported 171 mortgage applications totaling $24.1 million, down 29% from 2022. The average application was for $140,789, and applicants reported an average income of $126,421. 60% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (24), Muncie, IN (6) and Peoria, IL (2) (applications in parentheses).
| Mortgage Company & Address | Citizens State Bank of New Castle 1238 Broad St, P.O. Box C New Castle, IN 47362 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 |
| Total Number of Mortgage Applications | 171 |
| Total Mortgage Loan Application Amount | $24,075,000 |
| Average Mortgage Loan Application Amount | $140,789 |
| Highest Mortgage Loan Application Amount | $1,385,000 |
| Average Applicant Income | $126,421 |
| Highest Applicant Income | $3,282,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens State Bank of New Castle filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 134 | $ 12,490,000 | $ 93,208 | $ 101,090 |
| Indianapolis-Carmel-Anderson, IN | 24 | $ 9,130,000 | $ 380,416 | $ 274,000 |
| Muncie, IN | 6 | $ 1,390,000 | $ 231,666 | $ 105,000 |
| Peoria, IL | 2 | $ 300,000 | $ 150,000 | $ 471,000 |
| Evansville, IN-KY | 1 | $ 35,000 | $ 35,000 | $ 161,000 |
| Fort Wayne, IN | 1 | $ 85,000 | $ 85,000 | $ 66,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 15,000 | $ 15,000 | $ 29,000 |
| Knoxville, TN | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Lafayette-West Lafayette, IN | 1 | $ 125,000 | $ 125,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Citizens State Bank of New Castle 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 | 66 | $14,200,000 | $215,000 | $1,385,000 | $186,000 | $3,282,000 |
| Refinancing | 52 | $7,020,000 | $135,000 | $1,055,000 | $86,000 | $350,000 |
| Home Improvement | 31 | $2,055,000 | $66,000 | $275,000 | $106,000 | $622,000 |
| Other Purpose | 22 | $800,000 | $36,000 | $65,000 | $72,000 | $222,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 154 | $20,230,000 | $131,000 | $1,385,000 | $105,000 | $1,170,000 |
| Not applicable | 5 | $775,000 | $155,000 | $255,000 | $0 | $0 |
| Black or African American | 4 | $1,950,000 | $487,000 | $1,135,000 | $209,000 | $350,000 |
| Hispanic | 4 | $490,000 | $122,000 | $255,000 | $70,000 | $89,000 |
| Asian | 2 | $590,000 | $295,000 | $555,000 | $1,711,000 | $3,282,000 |
| Not Provided | 2 | $40,000 | $20,000 | $25,000 | $78,000 | $78,000 |
| 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) | 170 | $23,900,000 | $140,000 | $1,385,000 | $127,000 | $3,282,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $175,000 | $175,000 | $175,000 | $81,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 102 | $14,500,000 | $142,000 | $1,385,000 | $152,000 | $3,282,000 |
| Application Denied By Financial Institution | 40 | $5,900,000 | $147,000 | $1,135,000 | $74,000 | $350,000 |
| Application Approved But Not Accepted | 22 | $3,050,000 | $138,000 | $1,005,000 | $106,000 | $389,000 |
| Application Withdrawn By Applicant | 6 | $500,000 | $83,000 | $255,000 | $112,000 | $308,000 |
| Preapproval Approved but not Accepted | 1 | $125,000 | $125,000 | $125,000 | $89,000 | $89,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 131 | $18,175,000 | $138,000 | $1,385,000 | $142,000 | $3,282,000 |
| Credit History | 17 | $1,345,000 | $79,000 | $275,000 | $58,000 | $139,000 |
| Debt-To-Income Ratio | 15 | $3,935,000 | $262,000 | $1,135,000 | $94,000 | $350,000 |
| Other | 3 | $225,000 | $75,000 | $175,000 | $57,000 | $81,000 |
| Collateral | 3 | $225,000 | $75,000 | $125,000 | $83,000 | $119,000 |
| Credit Application Incomplete | 1 | $35,000 | $35,000 | $35,000 | $133,000 | $133,000 |
| Employment History | 1 | $135,000 | $135,000 | $135,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $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 Citizens State Bank of New Castle'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 Citizens State Bank of New Castle'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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