American Commercial Bank & Trust, National Association Mortgage Lending & HMDA Data, 2007
In 2007, American Commercial Bank & Trust, National Association of Ottawa, IL reported 109 mortgage applications totaling $12.7 million, down 19% from 2006. The average application was for $116,229, and applicants reported an average income of $76,238. 72% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (17), Peoria, IL (4) and Champaign-Urbana, IL (2) (applications in parentheses).
| Mortgage Company & Address | American Commercial Bank & Trust, National Association 701 Lasalle St Ottawa, IL 61350 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 |
| Total Number of Mortgage Applications | 109 |
| Total Mortgage Loan Application Amount | $12,669,000 |
| Average Mortgage Loan Application Amount | $116,229 |
| Highest Mortgage Loan Application Amount | $676,000 |
| Average Applicant Income | $76,238 |
| Highest Applicant Income | $390,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Commercial Bank & Trust, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Joliet, IL | 17 | $ 2,924,000 | $ 172,000 | $ 88,000 |
| Peoria, IL | 4 | $ 465,000 | $ 116,250 | $ 113,000 |
| Champaign-Urbana, IL | 2 | $ 236,000 | $ 118,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for American Commercial Bank & Trust, National Association in 2007
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 | 52 | $7,594,000 | $146,000 | $676,000 | $87,000 | $390,000 |
| Refinancing | 49 | $4,772,000 | $97,000 | $360,000 | $66,000 | $272,000 |
| Home Improvement | 8 | $303,000 | $37,000 | $129,000 | $69,000 | $144,000 |
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 | 100 | $11,672,000 | $116,000 | $676,000 | $76,000 | $390,000 |
| Hispanic | 7 | $750,000 | $107,000 | $256,000 | $69,000 | $168,000 |
| Black or African American | 2 | $247,000 | $123,000 | $198,000 | $126,000 | $126,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 102 | $12,109,000 | $118,000 | $676,000 | $79,000 | $390,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $560,000 | $80,000 | $110,000 | $38,000 | $46,000 |
| 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 | 78 | $9,475,000 | $121,000 | $676,000 | $89,000 | $390,000 |
| Application Denied By Financial Institution | 25 | $2,570,000 | $102,000 | $274,000 | $43,000 | $92,000 |
| Application Withdrawn By Applicant | 6 | $624,000 | $104,000 | $200,000 | $45,000 | $79,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 19 | $1,669,000 | $87,000 | $274,000 | $45,000 | $92,000 |
| Debt-To-Income Ratio | 3 | $697,000 | $232,000 | $245,000 | $32,000 | $57,000 |
| Other | 2 | $115,000 | $57,000 | $80,000 | $30,000 | $49,000 |
| Collateral | 1 | $89,000 | $89,000 | $89,000 | $62,000 | $62,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Commercial Bank & Trust, National Association's 2007 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 American Commercial Bank & Trust, National Association'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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