Main Street Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Main Street Bank & Trust of Champaign, IL reported 1,302 mortgage applications totaling $138.6 million, up 75% from 2004. The average application was for $106,473, and applicants reported an average income of $73,612. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Champaign-Urbana, IL (584), Decatur, IL (299) and Bloomington-Normal, IL (185) (applications in parentheses).
| Mortgage Company & Address | Main Street Bank & Trust 100 W. University Ave Champaign, IL 61820 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,302 |
| Total Mortgage Loan Application Amount | $138,628,000 |
| Average Mortgage Loan Application Amount | $106,473 |
| Highest Mortgage Loan Application Amount | $4,138,000 |
| Average Applicant Income | $73,612 |
| Highest Applicant Income | $1,588,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Main Street Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Champaign, Illinois | 541 | $ 66,114,000 | $ 122,207 | $ 90,000 |
| Macon, Illinois | 299 | $ 27,604,000 | $ 92,321 | $ 51,000 |
| McLean, Illinois | 185 | $ 18,394,000 | $ 99,427 | $ 68,000 |
| Shelby, Illinois | 61 | $ 3,728,000 | $ 61,114 | $ 37,000 |
| Piatt, Illinois | 37 | $ 3,596,000 | $ 97,189 | $ 67,000 |
| Livingston, Illinois | 18 | $ 1,022,000 | $ 56,777 | $ 71,000 |
| Douglas, Illinois | 14 | $ 937,000 | $ 66,928 | $ 57,000 |
| Cook, Illinois | 12 | $ 4,508,000 | $ 375,666 | $ 211,000 |
| De Witt, Illinois | 9 | $ 738,000 | $ 82,000 | $ 51,000 |
| Vermilion, Illinois | 8 | $ 494,000 | $ 61,750 | $ 71,000 |
| Woodford, Illinois | 8 | $ 623,000 | $ 77,875 | $ 55,000 |
| Moultrie, Illinois | 7 | $ 670,000 | $ 95,714 | $ 74,000 |
| Coles, Illinois | 6 | $ 644,000 | $ 107,333 | $ 161,000 |
| Ford, Illinois | 6 | $ 372,000 | $ 62,000 | $ 60,000 |
| Sangamon, Illinois | 5 | $ 398,000 | $ 79,600 | $ 40,000 |
| Lee, Florida | 3 | $ 954,000 | $ 318,000 | $ 498,000 |
| Christian, Illinois | 3 | $ 180,000 | $ 60,000 | $ 51,000 |
| Peoria, Illinois | 3 | $ 324,000 | $ 108,000 | $ 82,000 |
| Tazewell, Illinois | 3 | $ 365,000 | $ 121,666 | $ 62,000 |
| Effingham, Illinois | 2 | $ 265,000 | $ 132,500 | $ 102,000 |
| Madison, Illinois | 2 | $ 178,000 | $ 89,000 | $ 81,000 |
| St. Clair, Illinois | 2 | $ 188,000 | $ 94,000 | $ 97,000 |
| Carver, Minnesota | 2 | $ 415,000 | $ 207,500 | $ 168,000 |
| Morgan, Missouri | 2 | $ 824,000 | $ 412,000 | $ 289,000 |
| Washington, Utah | 2 | $ 68,000 | $ 34,000 | $ 73,000 |
| Maricopa, Arizona | 1 | $ 97,000 | $ 97,000 | $ 314,000 |
| Jefferson, Colorado | 1 | $ 129,000 | $ 129,000 | $ 95,000 |
| Collier, Florida | 1 | $ 880,000 | $ 880,000 | $ 0 |
| Palm Beach, Florida | 1 | $ 224,000 | $ 224,000 | $ 163,000 |
| Cumberland, Illinois | 1 | $ 133,000 | $ 133,000 | $ 72,000 |
| Fayette, Illinois | 1 | $ 51,000 | $ 51,000 | $ 63,000 |
| Kane, Illinois | 1 | $ 191,000 | $ 191,000 | $ 81,000 |
| Kendall, Illinois | 1 | $ 205,000 | $ 205,000 | $ 109,000 |
| Logan, Illinois | 1 | $ 185,000 | $ 185,000 | $ 214,000 |
| Saline, Illinois | 1 | $ 74,000 | $ 74,000 | $ 53,000 |
| Monroe, Indiana | 1 | $ 96,000 | $ 96,000 | $ 69,000 |
| Vanderburgh, Indiana | 1 | $ 93,000 | $ 93,000 | $ 42,000 |
| Benzie, Michigan | 1 | $ 360,000 | $ 360,000 | $ 132,000 |
| Camden, Missouri | 1 | $ 69,000 | $ 69,000 | $ 222,000 |
| St. Charles, Missouri | 1 | $ 137,000 | $ 137,000 | $ 38,000 |
| Charleston, South Carolina | 1 | $ 350,000 | $ 350,000 | $ 174,000 |
| Fort Bend, Texas | 1 | $ 118,000 | $ 118,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for Main Street Bank & Trust in 2005
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 Purchase | 763 | $82,657,000 | $188,500 | $1,645,000 | $122,100 | $1,588,000 |
| Refinancing | 413 | $46,489,000 | $242,800 | $2,627,000 | $189,200 | $1,360,000 |
| Home Improvement | 126 | $9,482,000 | $92,000 | $4,138,000 | $162,333 | $314,000 |
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 | 1,137 | $111,837,000 | $173,250 | $1,645,000 | $150,250 | $1,588,000 |
| Black or African American | 60 | $3,545,000 | $40,000 | $275,000 | $36,500 | $293,000 |
| Not applicable | 42 | $17,431,000 | $641,500 | $4,138,000 | $11,000 | $199,000 |
| Asian | 38 | $3,808,000 | $100,000 | $361,000 | $67,000 | $500,000 |
| Hispanic | 12 | $729,000 | $53,500 | $159,000 | $36,500 | $93,000 |
| Not Provided | 11 | $1,020,000 | $92,500 | $300,000 | $54,500 | $355,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $88,000 | $88,000 | $88,000 | $58,000 | $58,000 |
| American Indian or Alaskan Native | 1 | $170,000 | $170,000 | $170,000 | $109,000 | $109,000 |
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) | 1,276 | $135,983,000 | $183,250 | $4,138,000 | $141,583 | $1,588,000 |
| FHA-insured (Federal Housing Administration) | 17 | $1,834,000 | $107,000 | $164,000 | $46,000 | $93,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $364,000 | $60,000 | $75,000 | $28,000 | $39,000 |
| VA-guaranteed (Veterans Administration) | 3 | $447,000 | $149,000 | $155,000 | $51,000 | $57,000 |
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 | 1,088 | $123,921,000 | $211,363 | $4,138,000 | $162,090 | $1,588,000 |
| Application Denied By Financial Institution | 91 | $5,566,000 | $61,000 | $600,000 | $64,000 | $1,155,000 |
| Preapproval Denied by Financial Institution | 45 | $1,633,000 | $36,000 | $130,000 | $25,000 | $149,000 |
| Application Withdrawn By Applicant | 39 | $4,215,000 | $140,500 | $405,000 | $115,000 | $263,000 |
| Application Approved But Not Accepted | 34 | $2,657,000 | $78,000 | $272,000 | $56,000 | $240,000 |
| File Closed For Incompleteness | 5 | $636,000 | $127,000 | $192,000 | $57,000 | $89,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 65 | $2,801,000 | $41,500 | $149,000 | $32,000 | $111,000 |
| Debt-To-Income Ratio | 43 | $2,808,000 | $56,000 | $600,000 | $62,500 | $1,155,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $265,000 | $38,000 | $75,000 | $29,000 | $149,000 |
| Other | 5 | $237,000 | $30,000 | $136,000 | $43,500 | $162,000 |
| Collateral | 5 | $271,000 | $42,500 | $80,000 | $44,500 | $62,000 |
| Employment History | 4 | $143,000 | $24,000 | $60,000 | $23,500 | $40,000 |
| Credit Application Incomplete | 2 | $102,000 | $51,000 | $61,000 | $42,000 | $62,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Main Street Bank & Trust's 2005 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 Main Street Bank & Trust'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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