Midcountry Bank Mortgage Lending & HMDA Data, 2009
In 2009, Midcountry Bank of Marion, IL reported 2,203 mortgage applications totaling $400.9 million, up 5% from 2008. The average application was for $181,989, and applicants reported an average income of $66,158. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,376), St. Cloud, MN (52) and Duluth, MN-WI (21) (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 | 2,203 |
| Total Mortgage Loan Application Amount | $400,923,000 |
| Average Mortgage Loan Application Amount | $181,989 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $66,158 |
| Highest Applicant Income | $1,964,000 |
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Act (HMDA) records Midcountry Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,376 | $ 263,536,000 | $ 191,523 | $ 65,963 |
| St. Cloud, MN | 52 | $ 8,037,000 | $ 154,557 | $ 41,000 |
| Duluth, MN-WI | 21 | $ 3,438,000 | $ 163,714 | $ 35,000 |
| Rochester, MN | 21 | $ 3,494,000 | $ 166,380 | $ 53,000 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 4,136,000 | $ 376,000 | $ 89,000 |
| Houston-Sugar Land-Baytown, TX | 9 | $ 2,122,000 | $ 235,777 | $ 91,000 |
| Grand Forks, ND-MN | 5 | $ 740,000 | $ 148,000 | $ 73,000 |
| Milwaukee-Waukesha-West Allis, WI | 5 | $ 1,419,000 | $ 283,800 | $ 88,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 5 | $ 2,035,000 | $ 407,000 | $ 134,000 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 745,000 | $ 248,333 | $ 64,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 1,247,000 | $ 415,666 | $ 249,000 |
| Kansas City, MO-KS | 3 | $ 447,000 | $ 149,000 | $ 49,000 |
| Knoxville, TN | 3 | $ 1,228,000 | $ 409,333 | $ 180,000 |
| Madison, WI | 3 | $ 555,000 | $ 185,000 | $ 62,000 |
| Mankato-North Mankato, MN | 3 | $ 600,000 | $ 200,000 | $ 64,000 |
| Pittsburgh, PA | 3 | $ 811,000 | $ 270,333 | $ 98,000 |
| Albuquerque, NM | 2 | $ 688,000 | $ 344,000 | $ 82,000 |
| Battle Creek, MI | 2 | $ 522,000 | $ 261,000 | $ 104,000 |
| Bremerton-Silverdale, WA | 2 | $ 503,000 | $ 251,500 | $ 137,000 |
| Dallas-Plano-Irving, TX | 2 | $ 384,000 | $ 192,000 | $ 59,000 |
| Fargo, ND-MN | 2 | $ 396,000 | $ 198,000 | $ 64,000 |
| Farmington, NM | 2 | $ 498,000 | $ 249,000 | $ 53,000 |
| Fort Collins-Loveland, CO | 2 | $ 503,000 | $ 251,500 | $ 121,000 |
| Gainesville, FL | 2 | $ 599,000 | $ 299,500 | $ 88,000 |
| Gary, IN | 2 | $ 374,000 | $ 187,000 | $ 63,000 |
| Greeley, CO | 2 | $ 687,000 | $ 343,500 | $ 54,000 |
| Jacksonville, FL | 2 | $ 508,000 | $ 254,000 | $ 58,000 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 169,000 | $ 84,500 | $ 68,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 281,000 | $ 140,500 | $ 43,000 |
| Michigan City-La Porte, IN | 2 | $ 388,000 | $ 194,000 | $ 79,000 |
| Oklahoma City, OK | 2 | $ 727,000 | $ 363,500 | $ 161,000 |
| Olympia, WA | 2 | $ 422,000 | $ 211,000 | $ 159,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 800,000 | $ 400,000 | $ 101,500 |
| Richmond, VA | 2 | $ 605,000 | $ 302,500 | $ 60,000 |
| San Antonio, TX | 2 | $ 515,000 | $ 257,500 | $ 105,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 992,000 | $ 496,000 | $ 87,000 |
| St. Louis, MO-IL | 2 | $ 411,000 | $ 205,500 | $ 65,000 |
| Syracuse, NY | 2 | $ 337,000 | $ 168,500 | $ 55,000 |
| Wilmington, DE-MD-NJ | 2 | $ 399,000 | $ 199,500 | $ 114,000 |
| Anderson, IN | 1 | $ 137,000 | $ 137,000 | $ 0 |
| Ann Arbor, MI | 1 | $ 211,000 | $ 211,000 | $ 98,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 162,000 | $ 162,000 | $ 46,000 |
| Austin-Round Rock, TX | 1 | $ 246,000 | $ 246,000 | $ 80,000 |
| Bakersfield, CA | 1 | $ 262,000 | $ 262,000 | $ 99,000 |
| Baltimore-Towson, MD | 1 | $ 432,000 | $ 432,000 | $ 82,000 |
| Bethesda-Frederick-Rockville, MD | 1 | $ 508,000 | $ 508,000 | $ 78,000 |
| Birmingham-Hoover, AL | 1 | $ 166,000 | $ 166,000 | $ 45,000 |
| Boise City-Nampa, ID | 1 | $ 349,000 | $ 349,000 | $ 83,000 |
| Boston-Quincy, MA | 1 | $ 340,000 | $ 340,000 | $ 94,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 307,000 | $ 307,000 | $ 71,000 |
| Burlington, NC | 1 | $ 216,000 | $ 216,000 | $ 82,000 |
| Cape Girardeau-Jackson, MO-IL | 1 | $ 22,000 | $ 22,000 | $ 35,000 |
| Carson City, NV | 1 | $ 303,000 | $ 303,000 | $ 65,000 |
| Cedar Rapids, IA | 1 | $ 111,000 | $ 111,000 | $ 38,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 132,000 | $ 132,000 | $ 58,000 |
| Charlottesville, VA | 1 | $ 272,000 | $ 272,000 | $ 66,000 |
| Chattanooga, TN-GA | 1 | $ 312,000 | $ 312,000 | $ 94,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 255,000 | $ 255,000 | $ 77,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 270,000 | $ 270,000 | $ 59,000 |
| Colorado Springs, CO | 1 | $ 365,000 | $ 365,000 | $ 110,000 |
| Columbia, MO | 1 | $ 263,000 | $ 263,000 | $ 100,000 |
| Columbia, SC | 1 | $ 218,000 | $ 218,000 | $ 56,000 |
| Columbus, GA-AL | 1 | $ 220,000 | $ 220,000 | $ 50,000 |
| Dayton, OH | 1 | $ 304,000 | $ 304,000 | $ 199,000 |
| Dover, DE | 1 | $ 384,000 | $ 384,000 | $ 69,000 |
| Eau Claire, WI | 1 | $ 109,000 | $ 109,000 | $ 26,000 |
| Edison-New Brunswick, NJ | 1 | $ 417,000 | $ 417,000 | $ 101,000 |
| Fort Smith, AR-OK | 1 | $ 143,000 | $ 143,000 | $ 79,000 |
| Fort Worth-Arlington, TX | 1 | $ 168,000 | $ 168,000 | $ 86,000 |
| Greensboro-High Point, NC | 1 | $ 122,000 | $ 122,000 | $ 31,000 |
| Gulfport-Biloxi, MS | 1 | $ 218,000 | $ 218,000 | $ 123,000 |
| Harrisburg-Carlisle, PA | 1 | $ 273,000 | $ 273,000 | $ 107,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 297,000 | $ 297,000 | $ 68,000 |
| Huntsville, AL | 1 | $ 323,000 | $ 323,000 | $ 130,000 |
| Jackson, MI | 1 | $ 177,000 | $ 177,000 | $ 74,000 |
| Kingston, NY | 1 | $ 280,000 | $ 280,000 | $ 27,000 |
| Lafayette, IN | 1 | $ 305,000 | $ 305,000 | $ 70,000 |
| Laredo, TX | 1 | $ 87,000 | $ 87,000 | $ 68,000 |
| Las Cruces, NM | 1 | $ 252,000 | $ 252,000 | $ 99,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 697,000 | $ 697,000 | $ 194,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 296,000 | $ 296,000 | $ 103,000 |
| Ogden-Clearfield, UT | 1 | $ 497,000 | $ 497,000 | $ 160,000 |
| Orlando-Kissimmee, FL | 1 | $ 409,000 | $ 409,000 | $ 161,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 283,000 | $ 283,000 | $ 90,000 |
| Pittsfield, MA | 1 | $ 299,000 | $ 299,000 | $ 114,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 402,000 | $ 402,000 | $ 0 |
| Prescott, AZ | 1 | $ 186,000 | $ 186,000 | $ 47,000 |
| Pueblo, CO | 1 | $ 310,000 | $ 310,000 | $ 198,000 |
| Raleigh-Cary, NC | 1 | $ 414,000 | $ 414,000 | $ 176,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 273,000 | $ 273,000 | $ 95,000 |
| Rochester, NY | 1 | $ 200,000 | $ 200,000 | $ 110,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 61,000 | $ 61,000 | $ 43,000 |
| Spokane, WA | 1 | $ 290,000 | $ 290,000 | $ 76,000 |
| St. George, UT | 1 | $ 462,000 | $ 462,000 | $ 80,000 |
| Tacoma, WA | 1 | $ 210,000 | $ 210,000 | $ 113,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 358,000 | $ 358,000 | $ 104,000 |
| Topeka, KS | 1 | $ 150,000 | $ 150,000 | $ 74,000 |
| Tulsa, OK | 1 | $ 119,000 | $ 119,000 | $ 40,000 |
| Wheeling, WV-OH | 1 | $ 183,000 | $ 183,000 | $ 61,000 |
| Yakima, WA | 1 | $ 267,000 | $ 267,000 | $ 57,000 |
| Yuma, AZ | 1 | $ 355,000 | $ 355,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Midcountry Bank in 2009
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 | 1,190 | $230,307,000 | $193,000 | $1,077,000 | $65,000 | $646,000 |
| Home Purchase | 936 | $163,809,000 | $175,000 | $1,200,000 | $66,000 | $568,000 |
| Home Improvement | 77 | $6,807,000 | $88,000 | $382,000 | $86,000 | $1,964,000 |
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 | 1,811 | $332,630,000 | $183,000 | $1,200,000 | $68,000 | $646,000 |
| Not Provided | 122 | $25,090,000 | $205,000 | $878,000 | $74,000 | $192,000 |
| Black or African American | 92 | $13,546,000 | $147,000 | $359,000 | $69,000 | $1,964,000 |
| Hispanic | 87 | $15,307,000 | $175,000 | $697,000 | $44,000 | $194,000 |
| Asian | 62 | $10,505,000 | $169,000 | $456,000 | $60,000 | $322,000 |
| Not applicable | 20 | $2,559,000 | $127,000 | $589,000 | $0 | $0 |
| American Indian or Alaskan Native | 6 | $931,000 | $155,000 | $365,000 | $49,000 | $110,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $355,000 | $118,000 | $180,000 | $74,000 | $106,000 |
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) | 1,159 | $208,422,000 | $179,000 | $546,000 | $51,000 | $1,964,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 921 | $173,678,000 | $188,000 | $1,200,000 | $88,000 | $646,000 |
| VA-guaranteed (Veterans Administration) | 65 | $13,068,000 | $201,000 | $554,000 | $54,000 | $243,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 58 | $5,755,000 | $99,000 | $260,000 | $37,000 | $74,000 |
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 | 1,644 | $301,626,000 | $183,000 | $1,077,000 | $65,000 | $646,000 |
| Application Denied By Financial Institution | 249 | $41,306,000 | $165,000 | $1,200,000 | $61,000 | $568,000 |
| Application Withdrawn By Applicant | 226 | $41,408,000 | $183,000 | $943,000 | $79,000 | $1,964,000 |
| File Closed For Incompleteness | 44 | $9,395,000 | $213,000 | $456,000 | $61,000 | $174,000 |
| Application Approved But Not Accepted | 40 | $7,188,000 | $179,000 | $398,000 | $79,000 | $230,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 67 | $12,574,000 | $187,000 | $1,200,000 | $74,000 | $568,000 |
| Collateral | 59 | $11,244,000 | $190,000 | $546,000 | $62,000 | $171,000 |
| Credit History | 47 | $4,512,000 | $96,000 | $284,000 | $45,000 | $113,000 |
| Debt-To-Income Ratio | 33 | $4,549,000 | $137,000 | $371,000 | $61,000 | $326,000 |
| Other | 19 | $3,806,000 | $200,000 | $508,000 | $73,000 | $162,000 |
| Unverifiable Information | 18 | $3,595,000 | $199,000 | $369,000 | $40,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $963,000 | $192,000 | $244,000 | $58,000 | $104,000 |
| Mortgage Insurance Denied | 1 | $63,000 | $63,000 | $63,000 | $16,000 | $16,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midcountry Bank's 2009 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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