First Midwest Bank Mortgage Lending & HMDA Data, 2015
In 2015, First Midwest Bank of Gurnee, IL reported 6,147 mortgage applications totaling $694.2 million, up 4% from 2014. The average application was for $112,926, and applicants reported an average income of $86,956. 45% of its applications resulted in an originated loan and 46% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (3,160), Gary, IN (702) and Lake County-Kenosha County, IL-WI (536) (applications in parentheses).
| Mortgage Company & Address | First Midwest Bank 300 N. Hunt Club Road Gurnee, IL 60031 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,147 |
| Total Mortgage Loan Application Amount | $694,158,000 |
| Average Mortgage Loan Application Amount | $112,926 |
| Highest Mortgage Loan Application Amount | $22,738,000 |
| Average Applicant Income | $86,956 |
| Highest Applicant Income | $1,912,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Midwest Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Arlington Heights, IL | 3,160 | $ 369,928,000 | $ 117,065 | $ 96,000 |
| Gary, IN | 702 | $ 62,012,000 | $ 88,336 | $ 72,000 |
| Lake County-Kenosha County, IL-WI | 536 | $ 65,853,000 | $ 122,860 | $ 92,651 |
| Davenport-Moline-Rock Island, IA-IL | 317 | $ 15,510,000 | $ 48,927 | $ 70,974 |
| Danville, IL | 190 | $ 6,092,000 | $ 32,063 | $ 58,000 |
| Elgin, IL | 111 | $ 30,444,000 | $ 274,270 | $ 116,000 |
| Indianapolis-Carmel-Anderson, IN | 76 | $ 3,721,000 | $ 48,960 | $ 87,000 |
| Michigan City-La Porte, IN | 55 | $ 1,177,000 | $ 21,400 | $ 56,000 |
| St. Louis, MO-IL | 43 | $ 1,610,000 | $ 37,441 | $ 108,976 |
| South Bend-Mishawaka, IN-MI | 34 | $ 4,622,000 | $ 135,941 | $ 49,882 |
| Champaign-Urbana, IL | 33 | $ 10,256,000 | $ 310,787 | $ 49,000 |
| Des Moines-West Des Moines, IA | 31 | $ 601,000 | $ 19,387 | $ 91,000 |
| Peoria, IL | 25 | $ 1,055,000 | $ 42,200 | $ 121,000 |
| Kankakee, IL | 23 | $ 1,251,000 | $ 54,391 | $ 67,000 |
| Rockford, IL | 20 | $ 808,000 | $ 40,400 | $ 55,000 |
| Elkhart-Goshen, IN | 19 | $ 3,058,000 | $ 160,947 | $ 15,000 |
| Milwaukee-Waukesha-West Allis, WI | 17 | $ 25,396,000 | $ 1,493,882 | $ 104,000 |
| Cedar Rapids, IA | 14 | $ 216,000 | $ 15,428 | $ 110,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 14 | $ 171,000 | $ 12,214 | $ 102,000 |
| Grand Rapids-Wyoming, MI | 13 | $ 8,205,000 | $ 631,153 | $ 0 |
| Fort Wayne, IN | 12 | $ 489,000 | $ 40,750 | $ 49,000 |
| Louisville/Jefferson County, KY-IN | 12 | $ 227,000 | $ 18,916 | $ 46,000 |
| Warren-Troy-Farmington Hills, MI | 11 | $ 5,493,000 | $ 499,363 | $ 22,000 |
| Cambridge-Newton-Framingham, MA | 10 | $ 143,000 | $ 14,300 | $ 103,000 |
| Bloomington, IN | 9 | $ 433,000 | $ 48,111 | $ 75,000 |
| Kansas City, MO-KS | 9 | $ 153,000 | $ 17,000 | $ 88,000 |
| Springfield, IL | 9 | $ 170,000 | $ 18,888 | $ 87,000 |
| Terre Haute, IN | 9 | $ 344,000 | $ 38,222 | $ 42,000 |
| Boston, MA | 8 | $ 80,000 | $ 10,000 | $ 71,000 |
| Cleveland-Elyria, OH | 8 | $ 3,681,000 | $ 460,125 | $ 0 |
| Niles-Benton Harbor, MI | 8 | $ 2,819,000 | $ 352,375 | $ 342,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 1,029,000 | $ 147,000 | $ 252,000 |
| Evansville, IN-KY | 7 | $ 96,000 | $ 13,714 | $ 68,000 |
| Richmond, VA | 7 | $ 58,000 | $ 8,285 | $ 51,000 |
| Columbus, OH | 6 | $ 1,633,000 | $ 272,166 | $ 0 |
| Lafayette-West Lafayette, IN | 6 | $ 541,000 | $ 90,166 | $ 61,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 1,569,000 | $ 261,500 | $ 174,000 |
| Madison, WI | 5 | $ 1,349,000 | $ 269,800 | $ 190,000 |
| Carbondale-Marion, IL | 4 | $ 69,000 | $ 17,250 | $ 46,000 |
| San Diego-Carlsbad, CA | 4 | $ 3,105,000 | $ 776,250 | $ 550,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 39,000 | $ 9,750 | $ 53,000 |
| Akron, OH | 3 | $ 929,000 | $ 309,666 | $ 0 |
| Bloomington, IL | 3 | $ 200,000 | $ 66,666 | $ 102,000 |
| Cincinnati, OH-KY-IN | 3 | $ 62,000 | $ 20,666 | $ 77,000 |
| Decatur, IL | 3 | $ 74,000 | $ 24,666 | $ 69,000 |
| Dubuque, IA | 3 | $ 47,000 | $ 15,666 | $ 52,000 |
| Kalamazoo-Portage, MI | 3 | $ 2,436,000 | $ 812,000 | $ 0 |
| Kokomo, IN | 3 | $ 79,000 | $ 26,333 | $ 79,000 |
| Muncie, IN | 3 | $ 22,000 | $ 7,333 | $ 89,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 516,000 | $ 172,000 | $ 256,000 |
| Omaha-Council Bluffs, NE-IA | 3 | $ 48,000 | $ 16,000 | $ 49,000 |
| Springfield, MA | 3 | $ 26,000 | $ 8,666 | $ 43,000 |
| Worcester, MA-CT | 3 | $ 45,000 | $ 15,000 | $ 94,000 |
| Ames, IA | 2 | $ 33,000 | $ 16,500 | $ 116,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 1,334,000 | $ 667,000 | $ 0 |
| Jacksonville, FL | 2 | $ 352,000 | $ 176,000 | $ 407,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 1,085,000 | $ 542,500 | $ 0 |
| Port St. Lucie, FL | 2 | $ 208,000 | $ 104,000 | $ 30,000 |
| Racine, WI | 2 | $ 495,000 | $ 247,500 | $ 204,000 |
| Sioux City, IA-NE-SD | 2 | $ 80,000 | $ 40,000 | $ 68,000 |
| Springfield, MO | 2 | $ 16,000 | $ 8,000 | $ 51,000 |
| Waterloo-Cedar Falls, IA | 2 | $ 4,291,000 | $ 2,145,500 | $ 22,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 346,000 | $ 173,000 | $ 102,000 |
| Yuma, AZ | 2 | $ 306,000 | $ 153,000 | $ 51,000 |
| Ann Arbor, MI | 1 | $ 556,000 | $ 556,000 | $ 0 |
| Appleton, WI | 1 | $ 25,000 | $ 25,000 | $ 50,000 |
| Barnstable Town, MA | 1 | $ 13,000 | $ 13,000 | $ 34,000 |
| Camden, NJ | 1 | $ 451,000 | $ 451,000 | $ 0 |
| Charlottesville, VA | 1 | $ 5,000 | $ 5,000 | $ 51,000 |
| Columbia, MO | 1 | $ 1,000 | $ 1,000 | $ 14,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 528,000 | $ 528,000 | $ 827,000 |
| Fort Collins, CO | 1 | $ 621,000 | $ 621,000 | $ 244,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Green Bay, WI | 1 | $ 14,000 | $ 14,000 | $ 40,000 |
| Joplin, MO | 1 | $ 4,000 | $ 4,000 | $ 62,000 |
| Lafayette, LA | 1 | $ 10,000 | $ 10,000 | $ 30,000 |
| Lakeland-Winter Haven, FL | 1 | $ 158,000 | $ 158,000 | $ 78,000 |
| Lynchburg, VA | 1 | $ 15,000 | $ 15,000 | $ 42,000 |
| Muskegon, MI | 1 | $ 178,000 | $ 178,000 | $ 153,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 166,000 | $ 166,000 | $ 108,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 144,000 | $ 144,000 | $ 189,000 |
| Pittsburgh, PA | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Prescott, AZ | 1 | $ 193,000 | $ 193,000 | $ 121,000 |
| Providence-Warwick, RI-MA | 1 | $ 19,000 | $ 19,000 | $ 133,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 20,000 | $ 20,000 | $ 208,000 |
| Roanoke, VA | 1 | $ 10,000 | $ 10,000 | $ 55,000 |
| Rochester, MN | 1 | $ 708,000 | $ 708,000 | $ 0 |
| San Antonio-New Braunfels, TX | 1 | $ 20,000 | $ 20,000 | $ 52,000 |
| Sheboygan, WI | 1 | $ 441,000 | $ 441,000 | $ 469,000 |
| Silver Spring-Frederick-Rockville, MD | 1 | $ 785,000 | $ 785,000 | $ 0 |
| St. Joseph, MO-KS | 1 | $ 25,000 | $ 25,000 | $ 97,000 |
| Staunton-Waynesboro, VA | 1 | $ 9,000 | $ 9,000 | $ 53,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 250,000 | $ 250,000 | $ 323,000 |
| Wausau, WI | 1 | $ 6,000 | $ 6,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for First Midwest Bank in 2015
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 | 3,507 | $78,225,000 | $22,000 | $2,500,000 | $81,000 | $913,000 |
| Refinancing | 1,607 | $410,678,000 | $255,000 | $22,738,000 | $98,000 | $1,912,000 |
| Home Purchase | 1,033 | $205,255,000 | $198,000 | $12,425,000 | $90,000 | $1,637,000 |
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 | 3,614 | $359,650,000 | $99,000 | $4,900,000 | $103,000 | $1,912,000 |
| Hispanic | 820 | $54,128,000 | $66,000 | $795,000 | $62,000 | $847,000 |
| Black or African American | 584 | $24,374,000 | $41,000 | $417,000 | $64,000 | $350,000 |
| Not Provided | 577 | $22,630,000 | $39,000 | $1,200,000 | $86,000 | $707,000 |
| Not applicable | 362 | $209,159,000 | $577,000 | $22,738,000 | $0 | $0 |
| Asian | 134 | $19,175,000 | $143,000 | $1,975,000 | $148,000 | $973,000 |
| Native Hawaiian or Other Pacific Islander | 31 | $3,924,000 | $126,000 | $952,000 | $114,000 | $355,000 |
| American Indian or Alaskan Native | 25 | $1,118,000 | $44,000 | $450,000 | $74,000 | $206,000 |
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) | 5,792 | $645,717,000 | $111,000 | $22,738,000 | $89,000 | $1,912,000 |
| FHA-insured (Federal Housing Administration) | 337 | $45,820,000 | $135,000 | $372,000 | $54,000 | $239,000 |
| VA-guaranteed (Veterans Administration) | 13 | $2,058,000 | $158,000 | $373,000 | $61,000 | $138,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $563,000 | $112,000 | $143,000 | $45,000 | $56,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 2,818 | $158,233,000 | $56,000 | $2,250,000 | $77,000 | $1,274,000 |
| Loan Originated | 2,748 | $435,614,000 | $158,000 | $22,738,000 | $102,000 | $1,912,000 |
| Application Approved But Not Accepted | 244 | $18,699,000 | $76,000 | $4,900,000 | $91,000 | $474,000 |
| Loan Purchased By The Institution | 169 | $56,025,000 | $331,000 | $1,038,000 | $0 | $0 |
| Application Withdrawn By Applicant | 168 | $25,587,000 | $152,000 | $577,000 | $87,000 | $723,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,271 | $41,821,000 | $32,000 | $1,931,000 | $76,000 | $569,000 |
| Debt-To-Income Ratio | 1,033 | $42,479,000 | $41,000 | $2,250,000 | $64,000 | $1,274,000 |
| Credit Application Incomplete | 205 | $40,862,000 | $199,000 | $1,532,000 | $123,000 | $973,000 |
| Collateral | 174 | $20,995,000 | $120,000 | $1,000,000 | $102,000 | $796,000 |
| Other | 57 | $3,506,000 | $61,000 | $335,000 | $76,000 | $360,000 |
| Unverifiable Information | 57 | $6,656,000 | $116,000 | $1,625,000 | $114,000 | $800,000 |
| Employment History | 11 | $785,000 | $71,000 | $200,000 | $53,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,129,000 | $112,000 | $200,000 | $56,000 | $88,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Midwest Bank's 2015 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 Midwest 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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