Hickory Point Bank & Trust FSB Mortgage Lending & HMDA Data, 2009
In 2009, Hickory Point Bank & Trust FSB of Decatur, IL reported 387 mortgage applications totaling $50.8 million, up 70% from 2008. The average application was for $131,322, and applicants reported an average income of $94,705. 76% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Decatur, IL (280), Champaign-Urbana, IL (38) and Springfield, IL (17) (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 | 387 |
| Total Mortgage Loan Application Amount | $50,822,000 |
| Average Mortgage Loan Application Amount | $131,322 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $94,705 |
| Highest Applicant Income | $1,025,000 |
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records Hickory Point Bank & Trust FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 249 | $32,200,000 | $129,000 | $1,265,000 | $102,000 | $1,025,000 |
| Home Purchase | 87 | $15,911,000 | $182,000 | $5,000,000 | $93,000 | $322,000 |
| Home Improvement | 51 | $2,711,000 | $53,000 | $212,000 | $62,000 | $208,000 |
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 | 301 | $35,464,000 | $117,000 | $1,265,000 | $95,000 | $1,025,000 |
| Not Provided | 63 | $8,223,000 | $130,000 | $370,000 | $107,000 | $263,000 |
| Black or African American | 11 | $657,000 | $59,000 | $173,000 | $50,000 | $100,000 |
| Asian | 5 | $809,000 | $161,000 | $239,000 | $80,000 | $129,000 |
| Hispanic | 4 | $371,000 | $92,000 | $150,000 | $61,000 | $74,000 |
| American Indian or Alaskan Native | 2 | $298,000 | $149,000 | $155,000 | $124,000 | $197,000 |
| Not applicable | 1 | $5,000,000 | $5,000,000 | $5,000,000 | $0 | $0 |
| 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) | 387 | $50,822,000 | $131,000 | $5,000,000 | $95,000 | $1,025,000 |
| 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 | 295 | $34,488,000 | $116,000 | $483,000 | $93,000 | $974,000 |
| Application Denied By Financial Institution | 41 | $3,621,000 | $88,000 | $417,000 | $65,000 | $332,000 |
| Application Approved But Not Accepted | 35 | $10,542,000 | $301,000 | $5,000,000 | $135,000 | $1,025,000 |
| Application Withdrawn By Applicant | 15 | $1,833,000 | $122,000 | $389,000 | $86,000 | $263,000 |
| File Closed For Incompleteness | 1 | $338,000 | $338,000 | $338,000 | $566,000 | $566,000 |
| 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 | 19 | $1,422,000 | $74,000 | $208,000 | $52,000 | $119,000 |
| Credit History | 10 | $512,000 | $51,000 | $117,000 | $63,000 | $119,000 |
| Collateral | 9 | $1,018,000 | $113,000 | $293,000 | $68,000 | $133,000 |
| Employment History | 2 | $505,000 | $252,000 | $417,000 | $178,000 | $332,000 |
| Other | 1 | $164,000 | $164,000 | $164,000 | $90,000 | $90,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hickory Point Bank & Trust FSB's 2009 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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