Midcountry Bank Mortgage Lending & HMDA Data, 2010

In 2010, Midcountry Bank of Marion, IL reported 1,629 mortgage applications totaling $259.5 million, down 26% from 2009. The average application was for $159,282, and applicants reported an average income of $68,399. 69% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,037), St. Cloud, MN (39) and Duluth, MN-WI (11) (applications in parentheses).

Mortgage Company & Address Midcountry Bank
2611 Blue Heron Dr.
Marion, IL 62959
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,629
Total Mortgage Loan Application Amount $259,471,000
Average Mortgage Loan Application Amount $159,282
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $68,399
Highest Applicant Income $1,065,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midcountry Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Midcountry Bank by County in 2010

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hennepin, Minnesota 370 $ 67,596,000 $ 182,691 $ 76,000
Ramsey, Minnesota 167 $ 25,630,000 $ 153,473 $ 64,000
Dakota, Minnesota 125 $ 22,100,000 $ 176,800 $ 78,000
Anoka, Minnesota 117 $ 19,485,000 $ 166,538 $ 57,000
Washington, Minnesota 90 $ 16,304,000 $ 181,155 $ 70,000
Williamson, Illinois 78 $ 5,898,000 $ 75,615 $ 53,000
Wright, Minnesota 55 $ 8,211,000 $ 149,290 $ 61,000
McLeod, Minnesota 53 $ 6,204,000 $ 117,056 $ 64,000
Franklin, Illinois 39 $ 1,640,000 $ 42,051 $ 39,000
Saline, Illinois 36 $ 1,851,000 $ 51,416 $ 52,000
Scott, Minnesota 35 $ 8,176,000 $ 233,600 $ 91,000
Carver, Minnesota 31 $ 5,525,000 $ 178,225 $ 69,000
Stearns, Minnesota 31 $ 4,821,000 $ 155,516 $ 58,000
Sherburne, Minnesota 25 $ 4,229,000 $ 169,160 $ 61,000
Jefferson, Illinois 19 $ 1,183,000 $ 62,263 $ 57,000
Meeker, Minnesota 17 $ 1,842,000 $ 108,352 $ 89,000
Jackson, Illinois 16 $ 1,401,000 $ 87,562 $ 72,000
Massac, Illinois 12 $ 628,000 $ 52,333 $ 41,000
Gallatin, Illinois 10 $ 384,000 $ 38,400 $ 47,000
Crow Wing, Minnesota 10 $ 2,270,000 $ 227,000 $ 162,000
Sibley, Minnesota 10 $ 889,000 $ 88,900 $ 48,000
St. Louis, Minnesota 10 $ 1,213,000 $ 121,300 $ 58,000
Isanti, Minnesota 9 $ 1,251,000 $ 139,000 $ 59,000
Benton, Minnesota 8 $ 961,000 $ 120,125 $ 43,000
Olmsted, Minnesota 8 $ 1,245,000 $ 155,625 $ 66,000
Blue Earth, Minnesota 7 $ 999,000 $ 142,714 $ 49,000
St. Croix, Wisconsin 7 $ 1,372,000 $ 196,000 $ 73,000
Cass, Minnesota 5 $ 983,000 $ 196,600 $ 125,000
Chisago, Minnesota 5 $ 843,000 $ 168,600 $ 53,000
Itasca, Minnesota 5 $ 663,000 $ 132,600 $ 65,000
Le Sueur, Minnesota 5 $ 435,000 $ 87,000 $ 54,000
Mille Lacs, Minnesota 5 $ 598,000 $ 119,600 $ 44,000
Mower, Minnesota 5 $ 489,000 $ 97,800 $ 36,000
Rice, Minnesota 5 $ 819,000 $ 163,800 $ 37,000
Riverside, California 4 $ 1,023,000 $ 255,750 $ 60,000
White, Illinois 4 $ 185,000 $ 46,250 $ 85,000
Pine, Minnesota 4 $ 467,000 $ 116,750 $ 58,000
Maricopa, Arizona 3 $ 149,000 $ 49,666 $ 37,000
Hardin, Illinois 3 $ 195,000 $ 65,000 $ 55,000
Perry, Illinois 3 $ 241,000 $ 80,333 $ 37,000
Goodhue, Minnesota 3 $ 412,000 $ 137,333 $ 44,000
Kandiyohi, Minnesota 3 $ 529,000 $ 176,333 $ 64,000
Renville, Minnesota 3 $ 106,000 $ 35,333 $ 70,000
Steele, Minnesota 3 $ 476,000 $ 158,666 $ 48,000
Waseca, Minnesota 3 $ 507,000 $ 169,000 $ 78,000
Wilson, Texas 3 $ 589,000 $ 196,333 $ 47,000
Polk, Wisconsin 3 $ 463,000 $ 154,333 $ 119,000
Gila, Arizona 2 $ 344,000 $ 172,000 $ 83,000
Graham, Arizona 2 $ 556,000 $ 278,000 $ 88,000
El Dorado, California 2 $ 834,000 $ 417,000 $ 167,000
Kern, California 2 $ 322,000 $ 161,000 $ 110,000
Los Angeles, California 2 $ 1,178,000 $ 589,000 $ 154,000
San Bernardino, California 2 $ 541,000 $ 270,500 $ 47,000
Tolland, Connecticut 2 $ 725,000 $ 362,500 $ 223,000
Pasco, Florida 2 $ 677,000 $ 338,500 $ 46,000
Johnson, Illinois 2 $ 184,000 $ 92,000 $ 15,000
Madison, Illinois 2 $ 685,000 $ 342,500 $ 26,000
Pope, Illinois 2 $ 98,000 $ 49,000 $ 56,000
Union, Illinois 2 $ 273,000 $ 136,500 $ 79,000
Owen, Indiana 2 $ 274,000 $ 137,000 $ 87,000
McCracken, Kentucky 2 $ 251,000 $ 125,500 $ 62,000
Aitkin, Minnesota 2 $ 222,000 $ 111,000 $ 37,000
Becker, Minnesota 2 $ 472,000 $ 236,000 $ 88,000
Douglas, Minnesota 2 $ 262,000 $ 131,000 $ 79,000
Freeborn, Minnesota 2 $ 297,000 $ 148,500 $ 60,000
Morrison, Minnesota 2 $ 259,000 $ 129,500 $ 182,000
Nobles, Minnesota 2 $ 240,000 $ 120,000 $ 51,000
Otter Tail, Minnesota 2 $ 195,000 $ 97,500 $ 36,000
Wabasha, Minnesota 2 $ 187,000 $ 93,500 $ 35,000
Washoe, Nevada 2 $ 322,000 $ 161,000 $ 77,000
Hillsborough, New Hampshire 2 $ 453,000 $ 226,500 $ 98,000
Medina, Ohio 2 $ 403,000 $ 201,500 $ 65,000
Edgefield, South Carolina 2 $ 272,000 $ 136,000 $ 47,000
Aransas, Texas 2 $ 439,000 $ 219,500 $ 36,000
Gaines, Texas 2 $ 436,000 $ 218,000 $ 74,000
Virginia Beach, Virginia 2 $ 383,000 $ 191,500 $ 24,000
Cowlitz, Washington 2 $ 520,000 $ 260,000 $ 42,000
Washburn, Wisconsin 2 $ 594,000 $ 297,000 $ 175,000
Waukesha, Wisconsin 2 $ 669,000 $ 334,500 $ 76,000
Natrona, Wyoming 2 $ 382,000 $ 191,000 $ 66,000
Chambers, Alabama 1 $ 184,000 $ 184,000 $ 109,000
Marshall, Alabama 1 $ 217,000 $ 217,000 $ 67,000
St. Clair, Alabama 1 $ 278,000 $ 278,000 $ 128,000
Matanuska-Susitna, Alaska 1 $ 255,000 $ 255,000 $ 53,000
Mohave, Arizona 1 $ 255,000 $ 255,000 $ 140,000
Pinal, Arizona 1 $ 196,000 $ 196,000 $ 0
Yavapai, Arizona 1 $ 185,000 $ 185,000 $ 0
Lonoke, Arkansas 1 $ 149,000 $ 149,000 $ 40,000
Calaveras, California 1 $ 335,000 $ 335,000 $ 133,000
San Diego, California 1 $ 288,000 $ 288,000 $ 91,000
Shasta, California 1 $ 293,000 $ 293,000 $ 70,000
El Paso, Colorado 1 $ 121,000 $ 121,000 $ 86,000
Lake, Colorado 1 $ 306,000 $ 306,000 $ 53,000
Lake, Florida 1 $ 305,000 $ 305,000 $ 122,000
Lee, Florida 1 $ 354,000 $ 354,000 $ 246,000
Marion, Florida 1 $ 381,000 $ 381,000 $ 23,000
Walton, Florida 1 $ 234,000 $ 234,000 $ 43,000
DeKalb, Georgia 1 $ 90,000 $ 90,000 $ 18,000
Cook, Illinois 1 $ 197,000 $ 197,000 $ 67,000
Pulaski, Illinois 1 $ 68,000 $ 68,000 $ 25,000
St. Clair, Illinois 1 $ 137,000 $ 137,000 $ 50,000
Madison, Indiana 1 $ 151,000 $ 151,000 $ 25,000
Warrick, Indiana 1 $ 288,000 $ 288,000 $ 129,000
Johnson, Kansas 1 $ 120,000 $ 120,000 $ 0
Lyon, Kansas 1 $ 194,000 $ 194,000 $ 68,000
St. Tammany, Louisiana 1 $ 297,000 $ 297,000 $ 69,000
Charles, Maryland 1 $ 400,000 $ 400,000 $ 107,000
Calhoun, Michigan 1 $ 216,000 $ 216,000 $ 76,000
Houghton, Michigan 1 $ 117,000 $ 117,000 $ 50,000
Livingston, Michigan 1 $ 245,000 $ 245,000 $ 48,000
Monroe, Michigan 1 $ 304,000 $ 304,000 $ 81,000
Shiawassee, Michigan 1 $ 232,000 $ 232,000 $ 61,000
Carlton, Minnesota 1 $ 132,000 $ 132,000 $ 63,000
Cook, Minnesota 1 $ 231,000 $ 231,000 $ 49,000
Faribault, Minnesota 1 $ 263,000 $ 263,000 $ 0
Hubbard, Minnesota 1 $ 127,000 $ 127,000 $ 33,000
Jackson, Minnesota 1 $ 165,000 $ 165,000 $ 113,000
Kanabec, Minnesota 1 $ 135,000 $ 135,000 $ 40,000
Lac qui Parle, Minnesota 1 $ 188,000 $ 188,000 $ 76,000
Lincoln, Minnesota 1 $ 130,000 $ 130,000 $ 83,000
Lyon, Minnesota 1 $ 193,000 $ 193,000 $ 0
Nicollet, Minnesota 1 $ 176,000 $ 176,000 $ 59,000
Redwood, Minnesota 1 $ 95,000 $ 95,000 $ 90,000
Swift, Minnesota 1 $ 151,000 $ 151,000 $ 35,000
Wadena, Minnesota 1 $ 117,000 $ 117,000 $ 33,000
Boone, Missouri 1 $ 140,000 $ 140,000 $ 42,000
Cascade, Montana 1 $ 150,000 $ 150,000 $ 65,000
Missoula, Montana 1 $ 417,000 $ 417,000 $ 369,000
Merrimack, New Hampshire 1 $ 180,000 $ 180,000 $ 75,000
Warren, New Jersey 1 $ 393,000 $ 393,000 $ 99,000
San Juan, New Mexico 1 $ 286,000 $ 286,000 $ 57,000
Rensselaer, New York 1 $ 283,000 $ 283,000 $ 102,000
Schoharie, New York 1 $ 193,000 $ 193,000 $ 63,000
Suffolk, New York 1 $ 1,950,000 $ 1,950,000 $ 1,065,000
Chatham, North Carolina 1 $ 360,000 $ 360,000 $ 119,000
Cumberland, North Carolina 1 $ 143,000 $ 143,000 $ 36,000
Pender, North Carolina 1 $ 381,000 $ 381,000 $ 194,000
Stanly, North Carolina 1 $ 90,000 $ 90,000 $ 54,000
Transylvania, North Carolina 1 $ 304,000 $ 304,000 $ 60,000
Richland, North Dakota 1 $ 169,000 $ 169,000 $ 79,000
Mahoning, Ohio 1 $ 190,000 $ 190,000 $ 8,000
Marion, Ohio 1 $ 122,000 $ 122,000 $ 35,000
Union, Ohio 1 $ 281,000 $ 281,000 $ 120,000
Cleveland, Oklahoma 1 $ 208,000 $ 208,000 $ 67,000
Columbia, Oregon 1 $ 318,000 $ 318,000 $ 69,000
Umatilla, Oregon 1 $ 188,000 $ 188,000 $ 66,000
Blair, Pennsylvania 1 $ 161,000 $ 161,000 $ 67,000
Fayette, Pennsylvania 1 $ 297,000 $ 297,000 $ 0
Lebanon, Pennsylvania 1 $ 68,000 $ 68,000 $ 41,000
Lehigh, Pennsylvania 1 $ 360,000 $ 360,000 $ 110,000
Pike, Pennsylvania 1 $ 134,000 $ 134,000 $ 59,000
Snyder, Pennsylvania 1 $ 197,000 $ 197,000 $ 108,000
Westmoreland, Pennsylvania 1 $ 526,000 $ 526,000 $ 115,000
Aiken, South Carolina 1 $ 314,000 $ 314,000 $ 38,000
Anderson, South Carolina 1 $ 60,000 $ 60,000 $ 28,000
Florence, South Carolina 1 $ 357,000 $ 357,000 $ 126,000
Greenville, South Carolina 1 $ 351,000 $ 351,000 $ 174,000
McMinn, Tennessee 1 $ 75,000 $ 75,000 $ 55,000
Dallas, Texas 1 $ 124,000 $ 124,000 $ 72,000
Franklin, Texas 1 $ 218,000 $ 218,000 $ 0
Johnson, Texas 1 $ 307,000 $ 307,000 $ 87,000
Smith, Texas 1 $ 191,000 $ 191,000 $ 52,000
Augusta, Virginia 1 $ 312,000 $ 312,000 $ 55,000
Henrico, Virginia 1 $ 370,000 $ 370,000 $ 134,000
New Kent, Virginia 1 $ 410,000 $ 410,000 $ 65,000
Buffalo, Wisconsin 1 $ 130,000 $ 130,000 $ 47,000
Langlade, Wisconsin 1 $ 46,000 $ 46,000 $ 120,000
Manitowoc, Wisconsin 1 $ 203,000 $ 203,000 $ 75,000
Milwaukee, Wisconsin 1 $ 240,000 $ 240,000 $ 0
Pierce, Wisconsin 1 $ 144,000 $ 144,000 $ 59,000
Converse, Wyoming 1 $ 206,000 $ 206,000 $ 79,000

Mortgage Loan Application Detail Totals for Midcountry Bank in 2010

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 782 $123,098,000 $157,000 $2,000,000 $65,000 $1,065,000
Refinancing 749 $128,149,000 $171,000 $1,900,000 $72,000 $793,000
Home Improvement 98 $8,224,000 $83,000 $390,000 $68,000 $363,000

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 1,264 $204,638,000 $161,000 $1,900,000 $71,000 $600,000
Black or African American 144 $17,273,000 $119,000 $381,000 $47,000 $194,000
Not Provided 82 $14,807,000 $180,000 $2,000,000 $78,000 $793,000
Asian 79 $12,958,000 $164,000 $1,950,000 $66,000 $1,065,000
Hispanic 45 $6,622,000 $147,000 $700,000 $54,000 $223,000
Not applicable 9 $2,151,000 $239,000 $580,000 $0 $0
American Indian or Alaskan Native 4 $657,000 $164,000 $231,000 $65,000 $109,000
Native Hawaiian or Other Pacific Islander 2 $365,000 $182,000 $271,000 $113,000 $142,000

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
FHA-insured (Federal Housing Administration) 825 $140,932,000 $170,000 $597,000 $56,000 $600,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 739 $108,304,000 $146,000 $2,000,000 $83,000 $1,065,000
VA-guaranteed (Veterans Administration) 45 $8,642,000 $192,000 $393,000 $60,000 $171,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 20 $1,593,000 $79,000 $171,000 $35,000 $71,000

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 1,125 $179,036,000 $159,000 $700,000 $71,000 $793,000
Application Denied By Financial Institution 282 $39,927,000 $141,000 $1,900,000 $54,000 $422,000
Application Withdrawn By Applicant 201 $37,259,000 $185,000 $2,000,000 $76,000 $1,065,000
Application Approved But Not Accepted 15 $2,762,000 $184,000 $371,000 $51,000 $105,000
File Closed For Incompleteness 6 $487,000 $81,000 $197,000 $41,000 $76,000
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
Collateral 76 $13,191,000 $173,000 $1,900,000 $67,000 $422,000
Credit History 72 $8,804,000 $122,000 $345,000 $47,000 $111,000
Debt-To-Income Ratio 55 $7,107,000 $129,000 $580,000 $44,000 $135,000
Other 32 $4,198,000 $131,000 $390,000 $64,000 $227,000
Credit Application Incomplete 30 $4,054,000 $135,000 $319,000 $46,000 $150,000
Insufficient Cash (Downpayment, Closing Cost) 7 $1,390,000 $198,000 $417,000 $62,000 $120,000
Unverifiable Information 5 $636,000 $127,000 $273,000 $61,000 $109,000
Employment History 5 $547,000 $109,000 $258,000 $46,000 $72,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Midcountry Bank's 2010 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 Midcountry Bank'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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