American Commercial Bank & Trust, National Association Mortgage Lending & HMDA Data, 2008
In 2008, American Commercial Bank & Trust, National Association of Ottawa, IL reported 128 mortgage applications totaling $14.5 million, up 17% from 2007. The average application was for $113,390, and applicants reported an average income of $78,375. 64% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (16), Peoria, IL (4) and Lake County-Kenosha County, IL-WI (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 | 128 |
| Total Mortgage Loan Application Amount | $14,514,000 |
| Average Mortgage Loan Application Amount | $113,390 |
| Highest Mortgage Loan Application Amount | $498,000 |
| Average Applicant Income | $78,375 |
| Highest Applicant Income | $312,000 |
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Bank & Trust, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 16 | $ 2,936,000 | $ 183,500 | $ 83,000 |
| Peoria, IL | 4 | $ 356,000 | $ 89,000 | $ 57,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 820,000 | $ 410,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for American Commercial Bank & Trust, National Association in 2008
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 | 67 | $7,347,000 | $109,000 | $310,000 | $66,000 | $300,000 |
| Refinancing | 51 | $6,835,000 | $134,000 | $498,000 | $90,000 | $213,000 |
| Home Improvement | 10 | $332,000 | $33,000 | $95,000 | $102,000 | $312,000 |
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 | 112 | $13,141,000 | $117,000 | $498,000 | $82,000 | $312,000 |
| Hispanic | 11 | $991,000 | $90,000 | $168,000 | $59,000 | $150,000 |
| Asian | 4 | $322,000 | $80,000 | $152,000 | $26,000 | $47,000 |
| American Indian or Alaskan Native | 1 | $60,000 | $60,000 | $60,000 | $55,000 | $55,000 |
| Black or African American | 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) | 105 | $12,392,000 | $118,000 | $498,000 | $86,000 | $312,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $2,122,000 | $92,000 | $152,000 | $43,000 | $63,000 |
| 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 | 82 | $9,325,000 | $113,000 | $498,000 | $90,000 | $312,000 |
| Application Denied By Financial Institution | 29 | $3,066,000 | $105,000 | $316,000 | $50,000 | $133,000 |
| Application Withdrawn By Applicant | 17 | $2,123,000 | $124,000 | $310,000 | $71,000 | $138,000 |
| 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 | 16 | $1,661,000 | $103,000 | $207,000 | $53,000 | $107,000 |
| Debt-To-Income Ratio | 10 | $1,128,000 | $112,000 | $316,000 | $44,000 | $133,000 |
| Other | 2 | $191,000 | $95,000 | $118,000 | $54,000 | $63,000 |
| Collateral | 1 | $86,000 | $86,000 | $86,000 | $43,000 | $43,000 |
| 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 2008 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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