Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2014
In 2014, Itasca Bank & Trust Co. of Itasca, IL reported 93 mortgage applications totaling $30.6 million, up 8% from 2013. The average application was for $328,795, and applicants reported an average income of $130,161. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (81), Elgin, IL (5) and Lake County-Kenosha County, IL-WI (2) (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 | 93 |
| Total Mortgage Loan Application Amount | $30,578,000 |
| Average Mortgage Loan Application Amount | $328,795 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $130,161 |
| Highest Applicant Income | $4,869,000 |
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(HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 41 | $ 12,460,000 | $ 303,902 | $ 31,000 |
| DuPage, Illinois | 36 | $ 11,690,000 | $ 324,722 | $ 254,000 |
| Kane, Illinois | 4 | $ 570,000 | $ 142,500 | $ 44,000 |
| Will, Illinois | 3 | $ 2,962,000 | $ 987,333 | $ 223,000 |
| Lake, Illinois | 2 | $ 1,285,000 | $ 642,500 | $ 65,000 |
| Walworth, Wisconsin | 2 | $ 387,000 | $ 193,500 | $ 139,000 |
| Collier, Florida | 1 | $ 268,000 | $ 268,000 | $ 180,000 |
| DeKalb, Illinois | 1 | $ 6,000 | $ 6,000 | $ 174,000 |
| Lee, Illinois | 1 | $ 360,000 | $ 360,000 | $ 0 |
| McHenry, Illinois | 1 | $ 410,000 | $ 410,000 | $ 0 |
| Lake, Indiana | 1 | $ 180,000 | $ 180,000 | $ 112,000 |
Mortgage Loan Application Detail Totals for Itasca Bank & Trust Co. in 2014
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 | 34 | $12,967,000 | $381,000 | $1,682,000 | $14,000 | $174,000 |
| Home Purchase | 30 | $10,038,000 | $334,000 | $965,000 | $145,000 | $517,000 |
| Refinancing | 29 | $7,573,000 | $261,000 | $1,900,000 | $251,000 | $4,869,000 |
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 | 44 | $19,595,000 | $445,000 | $1,900,000 | $7,000 | $279,000 |
| White | 38 | $8,755,000 | $230,000 | $905,000 | $287,000 | $4,869,000 |
| Hispanic | 6 | $1,040,000 | $173,000 | $320,000 | $65,000 | $174,000 |
| Asian | 4 | $1,028,000 | $257,000 | $615,000 | $80,000 | $122,000 |
| Not Provided | 1 | $160,000 | $160,000 | $160,000 | $205,000 | $205,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $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) | 93 | $30,578,000 | $328,000 | $1,900,000 | $130,000 | $4,869,000 |
| 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 | 83 | $25,668,000 | $309,000 | $1,900,000 | $137,000 | $4,869,000 |
| Application Approved But Not Accepted | 6 | $3,220,000 | $536,000 | $1,000,000 | $95,000 | $335,000 |
| Application Denied By Financial Institution | 3 | $1,465,000 | $488,000 | $905,000 | $18,000 | $54,000 |
| Application Withdrawn By Applicant | 1 | $225,000 | $225,000 | $225,000 | $129,000 | $129,000 |
| 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 | 3 | $1,465,000 | $488,000 | $905,000 | $18,000 | $54,000 |
| Debt-To-Income Ratio | 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Itasca Bank & Trust Co.'s 2014 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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