American Commercial Bank & Trust, National Association Mortgage Lending & HMDA Data, 2023
In 2023, American Commercial Bank & Trust, National Association of Ottawa, IL reported 214 mortgage applications totaling $66.2 million, down 26% from 2022. The average application was for $309,112, and applicants reported an average income of $223,457. 77% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Chicago-Naperville, IL (68), Elgin, IL (13) and Lake County-Kenosha County, IL-WI (8) (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 | 214 |
| Total Mortgage Loan Application Amount | $66,150,000 |
| Average Mortgage Loan Application Amount | $309,112 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $223,457 |
| Highest Applicant Income | $2,707,000 |
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Bank & Trust, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 102 | $ 16,940,000 | $ 166,078 | $ 111,742 |
| Chicago-Naperville, IL | 68 | $ 32,080,000 | $ 471,764 | $ 359,000 |
| Elgin, IL | 13 | $ 3,695,000 | $ 284,230 | $ 306,000 |
| Lake County-Kenosha County, IL-WI | 8 | $ 2,670,000 | $ 333,750 | $ 213,875 |
| Cape Coral-Fort Myers, FL | 2 | $ 950,000 | $ 475,000 | $ 1,005,000 |
| Gary, IN | 2 | $ 520,000 | $ 260,000 | $ 188,000 |
| Kansas City, MO-KS | 2 | $ 580,000 | $ 290,000 | $ 121,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 1,750,000 | $ 875,000 | $ 214,000 |
| Peoria, IL | 2 | $ 250,000 | $ 125,000 | $ 55,000 |
| San Diego-Carlsbad, CA | 2 | $ 1,970,000 | $ 985,000 | $ 0 |
| Bloomington, IL | 1 | $ 195,000 | $ 195,000 | $ 62,000 |
| Dallas-Plano-Irving, TX | 1 | $ 725,000 | $ 725,000 | $ 980,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 1,395,000 | $ 1,395,000 | $ 1,096,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 295,000 | $ 295,000 | $ 95,000 |
| Michigan City-La Porte, IN | 1 | $ 405,000 | $ 405,000 | $ 506,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 235,000 | $ 235,000 | $ 187,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 345,000 | $ 345,000 | $ 215,000 |
| Rochester, NY | 1 | $ 755,000 | $ 755,000 | $ 0 |
| Rockford, IL | 1 | $ 105,000 | $ 105,000 | $ 247,000 |
| St. Louis, MO-IL | 1 | $ 155,000 | $ 155,000 | $ 102,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 135,000 | $ 135,000 | $ 234,000 |
Mortgage Loan Application Detail Totals for American Commercial Bank & Trust, National Association 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 | 157 | $49,305,000 | $314,000 | $1,505,000 | $190,000 | $1,696,000 |
| Refinancing | 30 | $10,560,000 | $352,000 | $1,505,000 | $332,000 | $2,707,000 |
| Cash-out Refinancing | 23 | $4,375,000 | $190,000 | $475,000 | $312,000 | $2,707,000 |
| Home Improvement | 2 | $1,740,000 | $870,000 | $1,005,000 | $319,000 | $319,000 |
| Other Purpose | 2 | $170,000 | $85,000 | $105,000 | $108,000 | $128,000 |
| 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 | 156 | $42,290,000 | $271,000 | $1,445,000 | $220,000 | $2,707,000 |
| Not Provided | 22 | $7,140,000 | $324,000 | $725,000 | $207,000 | $1,328,000 |
| Not applicable | 19 | $12,475,000 | $656,000 | $1,505,000 | $0 | $0 |
| Hispanic | 8 | $1,080,000 | $135,000 | $295,000 | $212,000 | $1,135,000 |
| Asian | 4 | $1,780,000 | $445,000 | $595,000 | $304,000 | $580,000 |
| Black or African American | 3 | $585,000 | $195,000 | $285,000 | $65,000 | $93,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $33,000 | $33,000 |
| 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) | 211 | $65,835,000 | $312,000 | $1,505,000 | $223,000 | $2,707,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $315,000 | $105,000 | $135,000 | $57,000 | $70,000 |
| 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 | 165 | $51,685,000 | $313,000 | $1,505,000 | $224,000 | $2,707,000 |
| Application Withdrawn By Applicant | 36 | $10,100,000 | $280,000 | $1,445,000 | $157,000 | $581,000 |
| Application Denied By Financial Institution | 8 | $1,870,000 | $233,000 | $725,000 | $102,000 | $201,000 |
| File Closed For Incompleteness | 5 | $2,495,000 | $499,000 | $1,005,000 | $707,000 | $2,707,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 206 | $64,280,000 | $312,000 | $1,505,000 | $224,000 | $2,707,000 |
| Debt-To-Income Ratio | 3 | $1,285,000 | $428,000 | $725,000 | $29,000 | $29,000 |
| Other | 2 | $320,000 | $160,000 | $235,000 | $194,000 | $201,000 |
| Collateral | 1 | $135,000 | $135,000 | $135,000 | $83,000 | $83,000 |
| Employment History | 1 | $95,000 | $95,000 | $95,000 | $36,000 | $36,000 |
| Credit History | 1 | $35,000 | $35,000 | $35,000 | $77,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Commercial Bank & Trust, National Association'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 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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