Heartland Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, Heartland Bank & Trust Company of Bloomington, IL reported 1,906 mortgage applications totaling $254.2 million, up 34% from 2007. The average application was for $133,358, and applicants reported an average income of $95,071. 86% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Peoria, IL (681), Bloomington-Normal, IL (623) and Champaign-Urbana, IL (392) (applications in parentheses).
| Mortgage Company & Address | Heartland Bank & Trust Company 401 N Hershey Rd Bloomington, IL 61704 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 2003 |
| Total Number of Mortgage Applications | 1,906 |
| Total Mortgage Loan Application Amount | $254,182,000 |
| Average Mortgage Loan Application Amount | $133,358 |
| Highest Mortgage Loan Application Amount | $2,100,000 |
| Average Applicant Income | $95,071 |
| Highest Applicant Income | $2,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heartland Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Peoria, IL | 681 | $ 77,683,000 | $ 114,071 | $ 74,000 |
| Bloomington-Normal, IL | 623 | $ 93,633,000 | $ 150,293 | $ 114,000 |
| Champaign-Urbana, IL | 392 | $ 56,060,000 | $ 143,010 | $ 92,000 |
| Chicago-Naperville-Joliet, IL | 16 | $ 3,342,000 | $ 208,875 | $ 208,000 |
| Springfield, IL | 14 | $ 1,824,000 | $ 130,285 | $ 67,000 |
| St. Louis, MO-IL | 6 | $ 784,000 | $ 130,666 | $ 85,000 |
| Danville, IL | 5 | $ 320,000 | $ 64,000 | $ 79,000 |
| Memphis, TN-MS-AR | 3 | $ 120,000 | $ 40,000 | $ 0 |
| Raleigh-Cary, NC | 3 | $ 616,000 | $ 205,333 | $ 199,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 284,000 | $ 142,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 2,141,000 | $ 1,070,500 | $ 386,000 |
| Decatur, IL | 2 | $ 325,000 | $ 162,500 | $ 35,000 |
| Indianapolis-Carmel, IN | 2 | $ 425,000 | $ 212,500 | $ 198,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 991,000 | $ 495,500 | $ 1,173,000 |
| Austin-Round Rock, TX | 1 | $ 165,000 | $ 165,000 | $ 52,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 72,000 | $ 72,000 | $ 72,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 150,000 | $ 150,000 | $ 128,000 |
| Fayetteville, NC | 1 | $ 111,000 | $ 111,000 | $ 283,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 101,000 | $ 101,000 | $ 341,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 180,000 | $ 180,000 | $ 45,000 |
| Lakeland-Winter Haven, FL | 1 | $ 88,000 | $ 88,000 | $ 92,000 |
| Rockford, IL | 1 | $ 122,000 | $ 122,000 | $ 34,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 323,000 | $ 323,000 | $ 179,000 |
Mortgage Loan Application Detail Totals for Heartland Bank & Trust Company 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,098 | $157,718,000 | $143,000 | $2,100,000 | $100,000 | $2,000,000 |
| Home Purchase | 623 | $84,228,000 | $135,000 | $1,725,000 | $87,000 | $1,242,000 |
| Home Improvement | 185 | $12,236,000 | $66,000 | $360,000 | $93,000 | $760,000 |
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 | 1,718 | $225,908,000 | $131,000 | $2,100,000 | $100,000 | $2,000,000 |
| Not applicable | 101 | $15,870,000 | $157,000 | $1,725,000 | $1,000 | $103,000 |
| Not Provided | 37 | $5,769,000 | $155,000 | $630,000 | $122,000 | $756,000 |
| Asian | 20 | $2,605,000 | $130,000 | $292,000 | $105,000 | $215,000 |
| Black or African American | 18 | $2,662,000 | $147,000 | $399,000 | $87,000 | $260,000 |
| Hispanic | 6 | $480,000 | $80,000 | $227,000 | $84,000 | $199,000 |
| American Indian or Alaskan Native | 6 | $888,000 | $148,000 | $346,000 | $81,000 | $160,000 |
| 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) | 1,892 | $252,938,000 | $133,000 | $2,100,000 | $95,000 | $2,000,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,060,000 | $106,000 | $194,000 | $41,000 | $72,000 |
| FHA-insured (Federal Housing Administration) | 4 | $184,000 | $46,000 | $120,000 | $41,000 | $87,000 |
| VA-guaranteed (Veterans 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 | 1,646 | $224,558,000 | $136,000 | $2,100,000 | $97,000 | $2,000,000 |
| Application Denied By Financial Institution | 93 | $9,996,000 | $107,000 | $630,000 | $58,000 | $623,000 |
| Application Withdrawn By Applicant | 57 | $7,419,000 | $130,000 | $313,000 | $81,000 | $485,000 |
| Loan Purchased By The Institution | 57 | $4,496,000 | $78,000 | $229,000 | $64,000 | $202,000 |
| Application Approved But Not Accepted | 53 | $7,713,000 | $145,000 | $417,000 | $151,000 | $1,181,000 |
| File Closed For Incompleteness | 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 | 51 | $4,912,000 | $96,000 | $400,000 | $57,000 | $300,000 |
| Debt-To-Income Ratio | 26 | $3,057,000 | $117,000 | $344,000 | $43,000 | $132,000 |
| Collateral | 10 | $842,000 | $84,000 | $152,000 | $54,000 | $79,000 |
| Other | 4 | $1,092,000 | $273,000 | $630,000 | $209,000 | $623,000 |
| Unverifiable Information | 1 | $35,000 | $35,000 | $35,000 | $20,000 | $20,000 |
| Employment History | 1 | $58,000 | $58,000 | $58,000 | $26,000 | $26,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Heartland Bank & Trust Company'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 Heartland Bank & Trust Company'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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with aggregated HMDA statistics today.
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