Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2003
In 2003, Itasca Bank & Trust Co. of Itasca, IL reported 136 mortgage applications totaling $37.3 million. The average application was for $274,433, and applicants reported an average income of $77,897. 91% of its applications resulted in an originated loan and 4% were denied. Its largest market was Chicago, IL (133).
| 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 | 136 |
| Total Mortgage Loan Application Amount | $37,323,000 |
| Average Mortgage Loan Application Amount | $274,433 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $77,897 |
| Highest Applicant Income | $864,000 |
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(HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Itasca Bank & Trust Co. in 2003
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 (home purchase or home improvement, one-to-four family) | 72 | $15,558,000 | $318,500 | $1,700,000 | $484,500 | $864,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 37 | $16,607,000 | $448,000 | $3,000,000 | $0 | $0 |
| Home Purchase (one-to-four family) | 26 | $5,154,000 | $151,000 | $380,000 | $74,500 | $222,000 |
| Home Improvement (one-to-four family) | 1 | $4,000 | $4,000 | $4,000 | $14,000 | $14,000 |
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 | 91 | $17,468,000 | $226,000 | $650,000 | $280,000 | $864,000 |
| Not applicable | 38 | $16,883,000 | $444,000 | $3,000,000 | $0 | $0 |
| Hispanic | 4 | $830,000 | $207,000 | $690,000 | $76,000 | $156,000 |
| American Indian or Alaskan Native | 1 | $142,000 | $142,000 | $142,000 | $36,000 | $36,000 |
| Asian or Pacific Islander | 1 | $1,700,000 | $1,700,000 | $1,700,000 | $250,000 | $250,000 |
| Other | 1 | $300,000 | $300,000 | $300,000 | $79,000 | $79,000 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 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) | 136 | $37,323,000 | $268,000 | $3,000,000 | $270,000 | $864,000 |
| 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 | 124 | $32,870,000 | $263,500 | $3,000,000 | $265,500 | $864,000 |
| Application Approved But Not Accepted | 7 | $1,228,000 | $175,000 | $529,000 | $84,000 | $191,000 |
| Application Denied By Financial Institution | 5 | $3,225,000 | $645,000 | $1,700,000 | $111,000 | $250,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | $3,221,000 | $805,000 | $1,700,000 | $143,000 | $250,000 |
| Credit History | 1 | $4,000 | $4,000 | $4,000 | $14,000 | $14,000 |
| Collateral | 0 | $0 | $0 | $0 | $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 2003 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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