Hickory Point Bank & Trust FSB Mortgage Lending & HMDA Data, 2008
In 2008, Hickory Point Bank & Trust FSB of Decatur, IL reported 228 mortgage applications totaling $27.6 million, down 32% from 2007. The average application was for $121,153, and applicants reported an average income of $86,618. 77% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Decatur, IL (170), Champaign-Urbana, IL (16) and Springfield, IL (13) (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 | 228 |
| Total Mortgage Loan Application Amount | $27,623,000 |
| Average Mortgage Loan Application Amount | $121,153 |
| Highest Mortgage Loan Application Amount | $2,390,000 |
| Average Applicant Income | $86,618 |
| Highest Applicant Income | $634,000 |
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records Hickory Point Bank & Trust FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 109 | $15,130,000 | $138,000 | $845,000 | $96,000 | $634,000 |
| Refinancing | 76 | $8,452,000 | $111,000 | $400,000 | $82,000 | $447,000 |
| Home Improvement | 43 | $4,041,000 | $93,000 | $2,390,000 | $71,000 | $262,000 |
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 | 189 | $22,447,000 | $118,000 | $2,390,000 | $85,000 | $456,000 |
| Black or African American | 18 | $1,826,000 | $101,000 | $400,000 | $88,000 | $447,000 |
| Not Provided | 15 | $1,809,000 | $120,000 | $500,000 | $102,000 | $634,000 |
| Asian | 2 | $440,000 | $220,000 | $270,000 | $114,000 | $142,000 |
| American Indian or Alaskan Native | 1 | $155,000 | $155,000 | $155,000 | $197,000 | $197,000 |
| Hispanic | 1 | $61,000 | $61,000 | $61,000 | $120,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $40,000 | $40,000 | $40,000 | $0 | $0 |
| Not applicable | 1 | $845,000 | $845,000 | $845,000 | $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) | 228 | $27,623,000 | $121,000 | $2,390,000 | $87,000 | $634,000 |
| 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 | 176 | $20,011,000 | $113,000 | $845,000 | $92,000 | $634,000 |
| Application Approved But Not Accepted | 25 | $5,584,000 | $223,000 | $2,390,000 | $85,000 | $191,000 |
| Application Denied By Financial Institution | 21 | $1,292,000 | $61,000 | $177,000 | $53,000 | $101,000 |
| Application Withdrawn By Applicant | 6 | $736,000 | $122,000 | $270,000 | $63,000 | $86,000 |
| 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 | 12 | $529,000 | $44,000 | $120,000 | $55,000 | $85,000 |
| Debt-To-Income Ratio | 8 | $604,000 | $75,000 | $177,000 | $49,000 | $101,000 |
| Collateral | 1 | $159,000 | $159,000 | $159,000 | $70,000 | $70,000 |
| 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 Hickory Point Bank & Trust FSB'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 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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