Hickory Point Bank & Trust FSB Mortgage Lending & HMDA Data, 2004
In 2004, Hickory Point Bank & Trust FSB of Decatur, IL reported 423 mortgage applications totaling $43.7 million, down 64% from 2003. The average application was for $103,283, and applicants reported an average income of $68,486. 85% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Decatur, IL (288), Springfield, IL (41) and Champaign-Urbana, IL (26) (applications in parentheses).
| Mortgage Company & Address | Hickory Point Bank & Trust FSB 225 N Water Street Decatur, IL 62523 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 423 |
| Total Mortgage Loan Application Amount | $43,689,000 |
| Average Mortgage Loan Application Amount | $103,283 |
| Highest Mortgage Loan Application Amount | $3,120,000 |
| Average Applicant Income | $68,486 |
| Highest Applicant Income | $577,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hickory Point Bank & Trust FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Hickory Point Bank & Trust FSB 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 194 | $21,482,000 | $389,800 | $1,778,000 | $64,800 | $461,000 |
| Refinancing | 160 | $18,464,000 | $444,000 | $3,120,000 | $125,500 | $577,000 |
| Home Improvement | 69 | $3,743,000 | $212,000 | $375,000 | $27,000 | $184,000 |
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 | 373 | $31,585,000 | $330,500 | $850,000 | $101,166 | $562,000 |
| Black or African American | 20 | $1,068,000 | $53,000 | $143,000 | $31,000 | $78,000 |
| Not applicable | 10 | $8,559,000 | $826,333 | $3,120,000 | $0 | $0 |
| Not Provided | 8 | $1,287,000 | $224,500 | $310,000 | $133,500 | $461,000 |
| Asian | 5 | $568,000 | $113,000 | $130,000 | $214,000 | $577,000 |
| Hispanic | 4 | $416,000 | $104,000 | $207,000 | $83,000 | $98,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $149,000 | $74,000 | $84,000 | $54,000 | $82,000 |
| American Indian or Alaskan Native | 1 | $57,000 | $57,000 | $57,000 | $51,000 | $51,000 |
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) | 423 | $43,689,000 | $407,250 | $3,120,000 | $90,000 | $577,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 360 | $38,848,000 | $407,625 | $3,120,000 | $91,000 | $577,000 |
| Application Denied By Financial Institution | 44 | $3,140,000 | $71,000 | $240,000 | $46,000 | $89,000 |
| Application Withdrawn By Applicant | 19 | $1,701,000 | $89,000 | $294,000 | $58,000 | $196,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 22 | $2,035,000 | $92,000 | $240,000 | $49,000 | $83,000 |
| Credit History | 17 | $925,000 | $54,000 | $95,000 | $52,000 | $89,000 |
| Collateral | 3 | $145,000 | $48,000 | $95,000 | $46,000 | $60,000 |
| Unverifiable Information | 1 | $30,000 | $30,000 | $30,000 | $0 | $0 |
| Employment History | 1 | $5,000 | $5,000 | $5,000 | $20,000 | $20,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hickory Point Bank & Trust FSB'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 Hickory Point Bank & Trust FSB'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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