Heartland Bank & Trust Company Mortgage Lending & HMDA Data, 2024
In 2024, Heartland Bank & Trust Company of Bloomington, IL reported 885 mortgage applications totaling $166.4 million, down 30% from 2023. The average application was for $188,028, and applicants reported an average income of $112,919. 70% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Chicago-Naperville, IL (118), Springfield, IL (112) and Bloomington, IL (79) (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 | 885 |
| Total Mortgage Loan Application Amount | $166,405,000 |
| Average Mortgage Loan Application Amount | $188,028 |
| Highest Mortgage Loan Application Amount | $20,055,000 |
| Average Applicant Income | $112,919 |
| Highest Applicant Income | $1,152,000 |
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records Heartland Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 281 | $ 35,795,000 | $ 127,384 | $ 90,239 |
| Chicago-Naperville, IL | 118 | $ 46,020,000 | $ 390,000 | $ 134,000 |
| Springfield, IL | 112 | $ 17,320,000 | $ 154,642 | $ 111,000 |
| Bloomington, IL | 79 | $ 15,115,000 | $ 191,329 | $ 157,000 |
| Peoria, IL | 63 | $ 8,485,000 | $ 134,682 | $ 126,000 |
| Decatur, IL | 57 | $ 7,355,000 | $ 129,035 | $ 86,000 |
| Elgin, IL | 45 | $ 9,095,000 | $ 202,111 | $ 103,000 |
| Champaign-Urbana, IL | 43 | $ 7,555,000 | $ 175,697 | $ 118,000 |
| St. Louis, MO-IL | 39 | $ 7,455,000 | $ 191,153 | $ 167,692 |
| Lake County-Kenosha County, IL-WI | 18 | $ 2,820,000 | $ 156,666 | $ 121,000 |
| Rockford, IL | 6 | $ 960,000 | $ 160,000 | $ 69,000 |
| Cedar Rapids, IA | 2 | $ 220,000 | $ 110,000 | $ 68,000 |
| Fort Smith, AR-OK | 2 | $ 160,000 | $ 80,000 | $ 23,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 260,000 | $ 130,000 | $ 64,000 |
| Iowa City, IA | 2 | $ 680,000 | $ 340,000 | $ 0 |
| Lake County-Porter County-Jasper County, IN | 2 | $ 670,000 | $ 335,000 | $ 131,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 850,000 | $ 425,000 | $ 246,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 1,300,000 | $ 650,000 | $ 258,000 |
| Ann Arbor, MI | 1 | $ 445,000 | $ 445,000 | $ 498,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 345,000 | $ 345,000 | $ 121,000 |
| Evansville, IN-KY | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 335,000 | $ 335,000 | $ 110,000 |
| Kansas City, MO-KS | 1 | $ 575,000 | $ 575,000 | $ 213,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 395,000 | $ 395,000 | $ 155,000 |
| Muskegon, MI | 1 | $ 455,000 | $ 455,000 | $ 141,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 295,000 | $ 295,000 | $ 150,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 65,000 | $ 65,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,255,000 | $ 1,255,000 | $ 0 |
Mortgage Loan Application Detail Totals for Heartland Bank & Trust Company in 2024
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 | 620 | $128,830,000 | $207,000 | $20,055,000 | $111,000 | $1,152,000 |
| Cash-out Refinancing | 135 | $18,065,000 | $133,000 | $505,000 | $102,000 | $371,000 |
| Refinancing | 58 | $13,970,000 | $240,000 | $795,000 | $160,000 | $785,000 |
| Other Purpose | 45 | $3,825,000 | $85,000 | $505,000 | $127,000 | $785,000 |
| Home Improvement | 27 | $1,715,000 | $63,000 | $185,000 | $87,000 | $226,000 |
| 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 | 655 | $102,395,000 | $156,000 | $1,025,000 | $113,000 | $1,152,000 |
| Not applicable | 108 | $41,760,000 | $386,000 | $20,055,000 | $0 | $0 |
| Hispanic | 49 | $7,685,000 | $156,000 | $375,000 | $75,000 | $202,000 |
| Not Provided | 34 | $6,230,000 | $183,000 | $485,000 | $114,000 | $282,000 |
| Black or African American | 21 | $3,235,000 | $154,000 | $405,000 | $86,000 | $300,000 |
| Asian | 12 | $2,920,000 | $243,000 | $765,000 | $193,000 | $1,080,000 |
| American Indian or Alaskan Native | 5 | $2,105,000 | $421,000 | $575,000 | $221,000 | $260,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $75,000 | $75,000 | $75,000 | $117,000 | $117,000 |
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) | 807 | $155,155,000 | $192,000 | $20,055,000 | $116,000 | $1,152,000 |
| FHA-insured (Federal Housing Administration) | 38 | $5,540,000 | $145,000 | $445,000 | $74,000 | $157,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 28 | $3,090,000 | $110,000 | $195,000 | $64,000 | $128,000 |
| VA-guaranteed (Veterans Administration) | 12 | $2,620,000 | $218,000 | $465,000 | $105,000 | $223,000 |
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 | 621 | $124,265,000 | $200,000 | $20,055,000 | $116,000 | $1,080,000 |
| Application Denied By Financial Institution | 88 | $11,230,000 | $127,000 | $445,000 | $76,000 | $440,000 |
| Application Withdrawn By Applicant | 82 | $16,550,000 | $201,000 | $1,025,000 | $138,000 | $1,152,000 |
| Application Approved But Not Accepted | 55 | $8,425,000 | $153,000 | $585,000 | $105,000 | $371,000 |
| Loan Purchased By The Institution | 39 | $5,935,000 | $152,000 | $475,000 | $95,000 | $248,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 797 | $155,175,000 | $194,000 | $20,055,000 | $116,000 | $1,152,000 |
| Credit History | 36 | $4,360,000 | $121,000 | $405,000 | $86,000 | $440,000 |
| Debt-To-Income Ratio | 28 | $3,990,000 | $142,000 | $445,000 | $55,000 | $117,000 |
| Collateral | 15 | $1,755,000 | $117,000 | $305,000 | $79,000 | $274,000 |
| Other | 5 | $655,000 | $131,000 | $245,000 | $129,000 | $324,000 |
| Employment History | 2 | $310,000 | $155,000 | $185,000 | $82,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $160,000 | $80,000 | $115,000 | $35,000 | $40,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2024 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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