American Commercial Bank & Trust, National Association Mortgage Lending & HMDA Data, 2004
In 2004, American Commercial Bank & Trust, National Association of Ottawa, IL reported 178 mortgage applications totaling $20.0 million. The average application was for $112,280, and applicants reported an average income of $79,314. 80% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (37), Lake County-Kenosha County, IL-WI (2) and Bloomington-Normal, IL (1) (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 | 178 |
| Total Mortgage Loan Application Amount | $19,986,000 |
| Average Mortgage Loan Application Amount | $112,280 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $79,314 |
| Highest Applicant Income | $540,000 |
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Bank & Trust, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for American Commercial Bank & Trust, National Association in 2004
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 |
|---|---|---|---|---|---|---|
| Refinancing | 93 | $9,524,000 | $102,000 | $336,000 | $81,000 | $540,000 |
| Home Purchase | 83 | $10,335,000 | $152,500 | $1,000,000 | $119,500 | $290,000 |
| Home Improvement | 2 | $127,000 | $63,000 | $75,000 | $95,000 | $132,000 |
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 | 165 | $18,921,000 | $148,000 | $1,000,000 | $126,000 | $540,000 |
| Hispanic | 8 | $690,000 | $86,000 | $155,000 | $49,000 | $60,000 |
| Asian | 2 | $136,000 | $68,000 | $121,000 | $57,000 | $78,000 |
| Black or African American | 2 | $159,000 | $79,000 | $89,000 | $72,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $80,000 | $80,000 | $80,000 | $28,000 | $28,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 161 | $18,221,000 | $147,000 | $1,000,000 | $122,500 | $540,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $1,765,000 | $103,000 | $200,000 | $45,000 | $83,000 |
| 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 | 143 | $17,392,000 | $121,000 | $1,000,000 | $100,000 | $540,000 |
| Application Denied By Financial Institution | 21 | $1,448,000 | $68,000 | $170,000 | $36,000 | $66,000 |
| Application Withdrawn By Applicant | 12 | $1,015,000 | $128,500 | $182,000 | $103,000 | $163,000 |
| Application Approved But Not Accepted | 2 | $131,000 | $65,000 | $92,000 | $96,000 | $143,000 |
| File Closed For Incompleteness | 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 | 10 | $554,000 | $55,000 | $115,000 | $39,000 | $66,000 |
| Debt-To-Income Ratio | 10 | $866,000 | $86,000 | $170,000 | $38,000 | $60,000 |
| Collateral | 1 | $28,000 | $28,000 | $28,000 | $16,000 | $16,000 |
| Credit Application Incomplete | 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 |
| Other | 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 2004 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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