Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2012
In 2012, Itasca Bank & Trust Co. of Itasca, IL reported 57 mortgage applications totaling $18.8 million, up 8% from 2011. The average application was for $329,719, and applicants reported an average income of $93,192. 84% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (53), Lake County-Kenosha County, IL-WI (2) and Kankakee-Bradley, 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 | 57 |
| Total Mortgage Loan Application Amount | $18,794,000 |
| Average Mortgage Loan Application Amount | $329,719 |
| Highest Mortgage Loan Application Amount | $1,968,000 |
| Average Applicant Income | $93,192 |
| Highest Applicant Income | $1,625,000 |
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(HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 26 | $ 9,256,000 | $ 356,000 | $ 25,000 |
| DuPage, Illinois | 24 | $ 6,448,000 | $ 268,666 | $ 161,000 |
| Kane, Illinois | 3 | $ 355,000 | $ 118,333 | $ 82,000 |
| Lake, Illinois | 2 | $ 652,000 | $ 326,000 | $ 37,000 |
| Kankakee, Illinois | 1 | $ 115,000 | $ 115,000 | $ 109,000 |
| Walworth, Wisconsin | 1 | $ 1,968,000 | $ 1,968,000 | $ 379,000 |
Mortgage Loan Application Detail Totals for Itasca Bank & Trust Co. in 2012
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 | 25 | $8,455,000 | $338,000 | $1,506,000 | $158,000 | $1,625,000 |
| Home Improvement | 21 | $5,790,000 | $275,000 | $800,000 | $2,000 | $58,000 |
| Home Purchase | 11 | $4,549,000 | $413,000 | $1,968,000 | $120,000 | $614,000 |
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 | 28 | $10,097,000 | $360,000 | $1,968,000 | $184,000 | $1,625,000 |
| Not applicable | 27 | $8,342,000 | $308,000 | $800,000 | $0 | $0 |
| Not Provided | 1 | $203,000 | $203,000 | $203,000 | $0 | $0 |
| Asian | 1 | $152,000 | $152,000 | $152,000 | $164,000 | $164,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 57 | $18,794,000 | $329,000 | $1,968,000 | $93,000 | $1,625,000 |
| 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 | 48 | $14,827,000 | $308,000 | $1,968,000 | $101,000 | $1,625,000 |
| Application Denied By Financial Institution | 9 | $3,967,000 | $440,000 | $1,506,000 | $53,000 | $160,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 5 | $3,013,000 | $602,000 | $1,506,000 | $90,000 | $160,000 |
| Credit History | 3 | $568,000 | $189,000 | $275,000 | $11,000 | $34,000 |
| Collateral | 1 | $386,000 | $386,000 | $386,000 | $0 | $0 |
| 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 Itasca Bank & Trust Co.'s 2012 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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