American Commercial Bank & Trust, National Association Mortgage Lending & HMDA Data, 2020
In 2020, American Commercial Bank & Trust, National Association of Ottawa, IL reported 1,472 mortgage applications totaling $347.6 million, up 177% from 2019. The average application was for $236,134, and applicants reported an average income of $140,391. 90% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville, IL (687), Elgin, IL (176) and Lake County-Kenosha County, IL-WI (49) (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 | 1,472 |
| Total Mortgage Loan Application Amount | $347,590,000 |
| Average Mortgage Loan Application Amount | $236,134 |
| Highest Mortgage Loan Application Amount | $6,005,000 |
| Average Applicant Income | $140,391 |
| Highest Applicant Income | $4,135,000 |
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Bank & Trust, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 | 842 | $204,320,000 | $242,000 | $6,005,000 | $151,000 | $4,135,000 |
| Home Purchase | 350 | $74,100,000 | $211,000 | $2,035,000 | $110,000 | $3,112,000 |
| Cash-out Refinancing | 271 | $63,445,000 | $234,000 | $3,205,000 | $148,000 | $862,000 |
| Other Purpose | 7 | $4,975,000 | $710,000 | $2,775,000 | $95,000 | $144,000 |
| Home Improvement | 1 | $605,000 | $605,000 | $605,000 | $132,000 | $132,000 |
| Not Applicable | 1 | $145,000 | $145,000 | $145,000 | $110,000 | $110,000 |
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 | 1,144 | $253,860,000 | $221,000 | $2,005,000 | $132,000 | $4,135,000 |
| Not Provided | 219 | $56,675,000 | $258,000 | $3,205,000 | $195,000 | $3,112,000 |
| Hispanic | 46 | $8,490,000 | $184,000 | $515,000 | $112,000 | $737,000 |
| Asian | 22 | $5,000,000 | $227,000 | $515,000 | $127,000 | $344,000 |
| Not applicable | 22 | $19,530,000 | $887,000 | $6,005,000 | $0 | $0 |
| Black or African American | 7 | $1,485,000 | $212,000 | $435,000 | $101,000 | $181,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,035,000 | $207,000 | $245,000 | $107,000 | $130,000 |
| 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) | 1,433 | $343,805,000 | $239,000 | $6,005,000 | $143,000 | $4,135,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 39 | $3,785,000 | $97,000 | $175,000 | $44,000 | $77,000 |
| 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 | 1,329 | $312,305,000 | $234,000 | $6,005,000 | $141,000 | $4,135,000 |
| Application Withdrawn By Applicant | 87 | $20,905,000 | $240,000 | $1,205,000 | $130,000 | $521,000 |
| Application Denied By Financial Institution | 33 | $6,615,000 | $200,000 | $945,000 | $90,000 | $272,000 |
| File Closed For Incompleteness | 19 | $7,025,000 | $369,000 | $1,245,000 | $231,000 | $1,094,000 |
| Application Approved But Not Accepted | 4 | $740,000 | $185,000 | $455,000 | $261,000 | $763,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1,472 | $347,590,000 | $236,000 | $6,005,000 | $140,000 | $4,135,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Commercial Bank & Trust, National Association's 2020 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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