Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2010
In 2010, Itasca Bank & Trust Co. of Itasca, IL reported 66 mortgage applications totaling $24.8 million, down 10% from 2009. The average application was for $375,954, and applicants reported an average income of $73,075. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (62), Lake County-Kenosha County, IL-WI (3) and Rockford, IL (1) (applications in parentheses).
| Mortgage Company & Address | Itasca Bank & Trust Co. 308 W. Irving Park Road Itasca, IL 60143 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 66 |
| Total Mortgage Loan Application Amount | $24,813,000 |
| Average Mortgage Loan Application Amount | $375,954 |
| Highest Mortgage Loan Application Amount | $2,600,000 |
| Average Applicant Income | $73,075 |
| Highest Applicant Income | $1,333,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cook, Illinois | 32 | $ 11,716,000 | $ 366,125 | $ 3,000 |
| DuPage, Illinois | 27 | $ 8,836,000 | $ 327,259 | $ 132,000 |
| Lake, Illinois | 3 | $ 1,627,000 | $ 542,333 | $ 0 |
| Kane, Illinois | 1 | $ 300,000 | $ 300,000 | $ 603,000 |
| McHenry, Illinois | 1 | $ 640,000 | $ 640,000 | $ 463,000 |
| Will, Illinois | 1 | $ 1,475,000 | $ 1,475,000 | $ 0 |
| Winnebago, Illinois | 1 | $ 219,000 | $ 219,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Itasca Bank & Trust Co. in 2010
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 Improvement | 37 | $15,709,000 | $424,000 | $2,600,000 | $0 | $0 |
| Refinancing | 23 | $7,427,000 | $322,000 | $715,000 | $169,000 | $1,333,000 |
| Home Purchase | 6 | $1,677,000 | $279,000 | $640,000 | $156,000 | $463,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 38 | $15,859,000 | $417,000 | $2,600,000 | $0 | $0 |
| White | 23 | $6,214,000 | $270,000 | $597,000 | $182,000 | $1,333,000 |
| Asian | 2 | $1,430,000 | $715,000 | $715,000 | $0 | $0 |
| Hispanic | 2 | $985,000 | $492,000 | $640,000 | $254,000 | $463,000 |
| Not Provided | 1 | $325,000 | $325,000 | $325,000 | $126,000 | $126,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 66 | $24,813,000 | $375,000 | $2,600,000 | $73,000 | $1,333,000 |
| 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 | 59 | $21,600,000 | $366,000 | $2,600,000 | $42,000 | $603,000 |
| Application Withdrawn By Applicant | 3 | $1,668,000 | $556,000 | $715,000 | $216,000 | $463,000 |
| Application Approved But Not Accepted | 2 | $505,000 | $252,000 | $300,000 | $776,000 | $1,333,000 |
| Application Denied By Financial Institution | 2 | $1,040,000 | $520,000 | $715,000 | $63,000 | $126,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $715,000 | $715,000 | $715,000 | $0 | $0 |
| Other | 1 | $325,000 | $325,000 | $325,000 | $126,000 | $126,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Itasca Bank & Trust Co.'s 2010 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 Itasca Bank & Trust Co.'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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