Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2016
In 2016, Itasca Bank & Trust Co. of Itasca, IL reported 142 mortgage applications totaling $47.1 million, up 16% from 2015. The average application was for $331,408, and applicants reported an average income of $74,295. 89% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (126), Elgin, IL (7) and Lake County-Kenosha County, IL-WI (5) (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 | 142 |
| Total Mortgage Loan Application Amount | $47,060,000 |
| Average Mortgage Loan Application Amount | $331,408 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $74,295 |
| Highest Applicant Income | $951,000 |
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(HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 126 | $ 42,448,000 | $ 336,888 | $ 65,000 |
| Elgin, IL | 7 | $ 2,702,000 | $ 386,000 | $ 103,000 |
| Lake County-Kenosha County, IL-WI | 5 | $ 1,464,000 | $ 292,800 | $ 119,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 168,000 | $ 168,000 | $ 518,000 |
Mortgage Loan Application Detail Totals for Itasca Bank & Trust Co. in 2016
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 | 54 | $25,176,000 | $466,000 | $3,500,000 | $5,000 | $254,000 |
| Home Purchase | 48 | $12,342,000 | $257,000 | $696,000 | $135,000 | $951,000 |
| Refinancing | 40 | $9,542,000 | $238,000 | $1,046,000 | $95,000 | $370,000 |
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 | 75 | $32,717,000 | $436,000 | $3,500,000 | $3,000 | $254,000 |
| White | 63 | $13,727,000 | $217,000 | $680,000 | $160,000 | $951,000 |
| Hispanic | 3 | $366,000 | $122,000 | $173,000 | $78,000 | $125,000 |
| Not Provided | 1 | $250,000 | $250,000 | $250,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 142 | $47,060,000 | $331,000 | $3,500,000 | $74,000 | $951,000 |
| 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 | 127 | $43,051,000 | $338,000 | $3,500,000 | $75,000 | $951,000 |
| Application Denied By Financial Institution | 7 | $1,888,000 | $269,000 | $468,000 | $49,000 | $235,000 |
| Application Withdrawn By Applicant | 4 | $1,227,000 | $306,000 | $680,000 | $67,000 | $268,000 |
| Application Approved But Not Accepted | 3 | $838,000 | $279,000 | $340,000 | $130,000 | $139,000 |
| File Closed For Incompleteness | 1 | $56,000 | $56,000 | $56,000 | $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 | 4 | $1,018,000 | $254,000 | $468,000 | $28,000 | $59,000 |
| Credit History | 2 | $580,000 | $290,000 | $380,000 | $0 | $0 |
| Collateral | 1 | $290,000 | $290,000 | $290,000 | $235,000 | $235,000 |
| 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 Itasca Bank & Trust Co.'s 2016 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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