First American Bank Mortgage Lending & HMDA Data, 2022
In 2022, First American Bank of Elk Grove Village, IL reported 4,947 mortgage applications totaling $787.7 million, down 23% from 2021. The average application was for $159,222, and applicants reported an average income of $153,902. 55% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Chicago-Naperville, IL (2,705), Lake County-Kenosha County, IL-WI (555) and Elgin, IL (498) (applications in parentheses).
| Mortgage Company & Address | First American Bank 80 Stratford Drive Elk Grove Village, IL 60007 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 | 4,947 |
| Total Mortgage Loan Application Amount | $787,675,000 |
| Average Mortgage Loan Application Amount | $159,222 |
| Highest Mortgage Loan Application Amount | $7,955,000 |
| Average Applicant Income | $153,902 |
| Highest Applicant Income | $8,328,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First American Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville, IL | 2,705 | $ 382,855,000 | $ 141,536 | $ 146,000 |
| Lake County-Kenosha County, IL-WI | 555 | $ 64,915,000 | $ 116,963 | $ 131,163 |
| Elgin, IL | 498 | $ 53,710,000 | $ 107,851 | $ 127,000 |
| Miami-Miami Beach-Kendall, FL | 377 | $ 132,975,000 | $ 352,718 | $ 230,000 |
| Outside any metro area | 104 | $ 20,700,000 | $ 199,038 | $ 159,240 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 97 | $ 24,915,000 | $ 256,855 | $ 151,000 |
| Kankakee, IL | 83 | $ 5,455,000 | $ 65,722 | $ 75,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 64 | $ 16,220,000 | $ 253,437 | $ 192,000 |
| Milwaukee-Waukesha-West Allis, WI | 52 | $ 4,090,000 | $ 78,653 | $ 115,000 |
| Gary, IN | 41 | $ 4,965,000 | $ 121,097 | $ 112,000 |
| Racine, WI | 26 | $ 3,570,000 | $ 137,307 | $ 110,000 |
| Rockford, IL | 24 | $ 1,750,000 | $ 72,916 | $ 84,000 |
| Phoenix-Mesa-Scottsdale, AZ | 21 | $ 3,945,000 | $ 187,857 | $ 200,000 |
| Cape Coral-Fort Myers, FL | 18 | $ 4,570,000 | $ 253,888 | $ 178,000 |
| Naples-Immokalee-Marco Island, FL | 18 | $ 5,380,000 | $ 298,888 | $ 221,000 |
| Tampa-St. Petersburg-Clearwater, FL | 14 | $ 6,890,000 | $ 492,142 | $ 726,000 |
| North Port-Sarasota-Bradenton, FL | 13 | $ 2,375,000 | $ 182,692 | $ 198,000 |
| Orlando-Kissimmee-Sanford, FL | 10 | $ 2,090,000 | $ 209,000 | $ 164,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 9 | $ 1,975,000 | $ 219,444 | $ 610,000 |
| Port St. Lucie, FL | 9 | $ 1,085,000 | $ 120,555 | $ 133,000 |
| Charlotte-Concord-Gastonia, NC-SC | 7 | $ 795,000 | $ 113,571 | $ 108,000 |
| Indianapolis-Carmel-Anderson, IN | 7 | $ 755,000 | $ 107,857 | $ 170,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 1,655,000 | $ 236,428 | $ 483,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 7 | $ 1,295,000 | $ 185,000 | $ 134,714 |
| St. Louis, MO-IL | 7 | $ 1,455,000 | $ 207,857 | $ 178,857 |
| Jacksonville, FL | 6 | $ 1,440,000 | $ 240,000 | $ 243,000 |
| Denver-Aurora-Lakewood, CO | 5 | $ 1,445,000 | $ 289,000 | $ 170,000 |
| Duluth, MN-WI | 5 | $ 415,000 | $ 83,000 | $ 116,000 |
| Niles-Benton Harbor, MI | 5 | $ 1,305,000 | $ 261,000 | $ 304,000 |
| Fond Du Lac, WI | 4 | $ 180,000 | $ 45,000 | $ 62,000 |
| Janesville-Beloit, WI | 4 | $ 340,000 | $ 85,000 | $ 80,000 |
| Las Vegas-Henderson-Paradise, NV | 4 | $ 880,000 | $ 220,000 | $ 148,000 |
| Michigan City-La Porte, IN | 4 | $ 420,000 | $ 105,000 | $ 102,000 |
| Montgomery County-Bucks County-Chester County, PA | 4 | $ 790,000 | $ 197,500 | $ 150,000 |
| New York-Jersey City-White Plains, NY-NJ | 4 | $ 440,000 | $ 110,000 | $ 334,750 |
| Newark, NJ-PA | 4 | $ 960,000 | $ 240,000 | $ 408,000 |
| Appleton, WI | 3 | $ 255,000 | $ 85,000 | $ 55,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 355,000 | $ 118,333 | $ 248,000 |
| Bloomington, IL | 3 | $ 305,000 | $ 101,666 | $ 80,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 1,405,000 | $ 468,333 | $ 1,790,000 |
| Green Bay, WI | 3 | $ 165,000 | $ 55,000 | $ 151,000 |
| Knoxville, TN | 3 | $ 1,155,000 | $ 385,000 | $ 225,000 |
| Madison, WI | 3 | $ 5,025,000 | $ 1,675,000 | $ 59,000 |
| Ocala, FL | 3 | $ 375,000 | $ 125,000 | $ 73,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 1,055,000 | $ 351,666 | $ 221,000 |
| Peoria, IL | 3 | $ 125,000 | $ 41,666 | $ 38,000 |
| Punta Gorda, FL | 3 | $ 965,000 | $ 321,666 | $ 255,000 |
| San Diego-Carlsbad, CA | 3 | $ 455,000 | $ 151,666 | $ 583,000 |
| The Villages, FL | 3 | $ 265,000 | $ 88,333 | $ 96,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 385,000 | $ 128,333 | $ 194,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 965,000 | $ 321,666 | $ 1,538,333 |
| Washington-Baltimore-Arlington, DC | 3 | $ 175,000 | $ 58,333 | $ 138,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 560,000 | $ 280,000 | $ 258,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 550,000 | $ 275,000 | $ 133,000 |
| Boise City, ID | 2 | $ 760,000 | $ 380,000 | $ 140,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 1,080,000 | $ 540,000 | $ 550,000 |
| Charleston-North Charleston, SC | 2 | $ 170,000 | $ 85,000 | $ 355,000 |
| Gainesville, FL | 2 | $ 870,000 | $ 435,000 | $ 234,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 190,000 | $ 95,000 | $ 91,000 |
| Lafayette-West Lafayette, IN | 2 | $ 190,000 | $ 95,000 | $ 126,000 |
| Raleigh, NC | 2 | $ 500,000 | $ 250,000 | $ 210,000 |
| Rochester, MN | 2 | $ 330,000 | $ 165,000 | $ 84,000 |
| Salisbury, MD-DE | 2 | $ 110,000 | $ 55,000 | $ 66,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 410,000 | $ 205,000 | $ 212,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 1,260,000 | $ 630,000 | $ 563,000 |
| Sebastian-Vero Beach, FL | 2 | $ 90,000 | $ 45,000 | $ 33,000 |
| Tucson, AZ | 2 | $ 580,000 | $ 290,000 | $ 125,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 195,000 | $ 195,000 | $ 151,000 |
| Boston, MA | 1 | $ 505,000 | $ 505,000 | $ 274,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 155,000 | $ 155,000 | $ 179,000 |
| Carbondale-Marion, IL | 1 | $ 55,000 | $ 55,000 | $ 166,000 |
| Champaign-Urbana, IL | 1 | $ 55,000 | $ 55,000 | $ 24,000 |
| Clarksville, TN-KY | 1 | $ 275,000 | $ 275,000 | $ 69,000 |
| Colorado Springs, CO | 1 | $ 105,000 | $ 105,000 | $ 204,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 5,000 | $ 5,000 | $ 74,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 255,000 | $ 255,000 | $ 50,000 |
| Des Moines-West Des Moines, IA | 1 | $ 115,000 | $ 115,000 | $ 62,000 |
| Durham-Chapel Hill, NC | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Elkhart-Goshen, IN | 1 | $ 205,000 | $ 205,000 | $ 44,000 |
| Flint, MI | 1 | $ 15,000 | $ 15,000 | $ 205,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 455,000 | $ 455,000 | $ 320,000 |
| Hinesville, GA | 1 | $ 155,000 | $ 155,000 | $ 106,000 |
| Jackson, MS | 1 | $ 25,000 | $ 25,000 | $ 11,000 |
| Kansas City, MO-KS | 1 | $ 55,000 | $ 55,000 | $ 165,000 |
| La Crosse-Onalaska, WI-MN | 1 | $ 55,000 | $ 55,000 | $ 86,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 185,000 | $ 185,000 | $ 238,000 |
| Las Cruces, NM | 1 | $ 115,000 | $ 115,000 | $ 37,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 55,000 | $ 55,000 | $ 1,289,000 |
| Lynchburg, VA | 1 | $ 35,000 | $ 35,000 | $ 42,000 |
| Modesto, CA | 1 | $ 25,000 | $ 25,000 | $ 108,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 35,000 | $ 35,000 | $ 209,000 |
| Nassau County-Suffolk County, NY | 1 | $ 505,000 | $ 505,000 | $ 564,000 |
| New York-Newark, NY | 1 | $ 125,000 | $ 125,000 | $ 235,000 |
| Oshkosh-Neenah, WI | 1 | $ 105,000 | $ 105,000 | $ 228,000 |
| Pine Bluff, AR | 1 | $ 15,000 | $ 15,000 | $ 72,000 |
| Pittsburgh, PA | 1 | $ 255,000 | $ 255,000 | $ 65,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 55,000 | $ 55,000 | $ 82,000 |
| Savannah, GA | 1 | $ 55,000 | $ 55,000 | $ 120,000 |
| Sheboygan, WI | 1 | $ 55,000 | $ 55,000 | $ 79,000 |
| Spokane-Spokane Valley, WA | 1 | $ 415,000 | $ 415,000 | $ 76,000 |
| Springfield, IL | 1 | $ 35,000 | $ 35,000 | $ 8,000 |
| Springfield, MA | 1 | $ 175,000 | $ 175,000 | $ 179,000 |
| St. Cloud, MN | 1 | $ 25,000 | $ 25,000 | $ 53,000 |
| St. George, UT | 1 | $ 135,000 | $ 135,000 | $ 151,000 |
| Tacoma-Lakewood, WA | 1 | $ 65,000 | $ 65,000 | $ 84,000 |
| Tulsa, OK | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Visalia-Porterville, CA | 1 | $ 65,000 | $ 65,000 | $ 77,000 |
| Wausau, WI | 1 | $ 185,000 | $ 185,000 | $ 157,000 |
| Wilmington, NC | 1 | $ 155,000 | $ 155,000 | $ 282,000 |
| Worcester, MA-CT | 1 | $ 75,000 | $ 75,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for First American 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 Improvement | 1,662 | $174,430,000 | $104,000 | $1,005,000 | $154,000 | $3,663,000 |
| Other Purpose | 1,362 | $141,060,000 | $103,000 | $2,505,000 | $149,000 | $8,328,000 |
| Refinancing | 912 | $165,130,000 | $181,000 | $4,565,000 | $147,000 | $4,875,000 |
| Home Purchase | 626 | $196,640,000 | $314,000 | $7,955,000 | $178,000 | $4,406,000 |
| Cash-out Refinancing | 385 | $110,415,000 | $286,000 | $6,905,000 | $148,000 | $2,730,000 |
| 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 | 2,827 | $398,365,000 | $140,000 | $3,755,000 | $165,000 | $8,328,000 |
| Hispanic | 880 | $148,230,000 | $168,000 | $2,825,000 | $123,000 | $1,813,000 |
| Not Provided | 684 | $107,280,000 | $156,000 | $1,645,000 | $154,000 | $1,965,000 |
| Black or African American | 255 | $23,485,000 | $92,000 | $505,000 | $99,000 | $892,000 |
| Asian | 169 | $31,905,000 | $188,000 | $1,205,000 | $159,000 | $693,000 |
| Not applicable | 48 | $64,620,000 | $1,346,000 | $7,955,000 | $0 | $0 |
| American Indian or Alaskan Native | 19 | $2,755,000 | $145,000 | $405,000 | $175,000 | $959,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $605,000 | $201,000 | $415,000 | $126,000 | $186,000 |
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) | 4,897 | $776,895,000 | $158,000 | $7,955,000 | $155,000 | $8,328,000 |
| FHA-insured (Federal Housing Administration) | 44 | $9,490,000 | $215,000 | $455,000 | $88,000 | $395,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,290,000 | $215,000 | $305,000 | $92,000 | $153,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 2,702 | $427,500,000 | $158,000 | $7,955,000 | $172,000 | $8,328,000 |
| Application Denied By Financial Institution | 1,383 | $185,115,000 | $133,000 | $6,905,000 | $97,000 | $1,050,000 |
| Application Withdrawn By Applicant | 493 | $112,895,000 | $228,000 | $3,755,000 | $222,000 | $4,875,000 |
| File Closed For Incompleteness | 223 | $36,895,000 | $165,000 | $1,005,000 | $156,000 | $2,460,000 |
| Application Approved But Not Accepted | 131 | $21,965,000 | $167,000 | $1,005,000 | $129,000 | $474,000 |
| Preapproval Denied by Financial Institution | 14 | $3,160,000 | $225,000 | $785,000 | $63,000 | $146,000 |
| Preapproval Approved but not Accepted | 1 | $145,000 | $145,000 | $145,000 | $72,000 | $72,000 |
| 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 | 3,550 | $599,400,000 | $168,000 | $7,955,000 | $177,000 | $8,328,000 |
| Debt-To-Income Ratio | 883 | $119,785,000 | $135,000 | $2,005,000 | $76,000 | $525,000 |
| Credit History | 301 | $39,965,000 | $132,000 | $6,905,000 | $119,000 | $1,050,000 |
| Collateral | 164 | $19,510,000 | $118,000 | $585,000 | $160,000 | $880,000 |
| Other | 36 | $6,100,000 | $169,000 | $755,000 | $145,000 | $900,000 |
| Unverifiable Information | 10 | $1,750,000 | $175,000 | $505,000 | $74,000 | $194,000 |
| Employment History | 1 | $175,000 | $175,000 | $175,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $455,000 | $455,000 | $455,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $535,000 | $535,000 | $535,000 | $108,000 | $108,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First American 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 First American 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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