Midwest Community Bank Mortgage Lending & HMDA Data, 2022
In 2022, Midwest Community Bank of Freeport, IL reported 1,016 mortgage applications totaling $207.4 million, down 66% from 2021. The average application was for $204,114, and applicants reported an average income of $92,722. 74% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rockford, IL (442), Chicago-Naperville, IL (173) and Elgin, IL (150) (applications in parentheses).
| Mortgage Company & Address | Midwest Community Bank 510 Park Crest Dr Freeport, IL 61032 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,016 |
| Total Mortgage Loan Application Amount | $207,380,000 |
| Average Mortgage Loan Application Amount | $204,114 |
| Highest Mortgage Loan Application Amount | $1,655,000 |
| Average Applicant Income | $92,722 |
| Highest Applicant Income | $1,034,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midwest Community Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Rockford, IL | 442 | $ 64,750,000 | $ 146,493 | $ 81,000 |
| Chicago-Naperville, IL | 173 | $ 45,225,000 | $ 261,416 | $ 99,000 |
| Elgin, IL | 150 | $ 37,090,000 | $ 247,266 | $ 105,000 |
| Outside any metro area | 110 | $ 19,470,000 | $ 177,000 | $ 95,645 |
| Lake County-Kenosha County, IL-WI | 43 | $ 9,355,000 | $ 217,558 | $ 66,000 |
| Janesville-Beloit, WI | 10 | $ 1,320,000 | $ 132,000 | $ 77,000 |
| North Port-Sarasota-Bradenton, FL | 7 | $ 2,995,000 | $ 427,857 | $ 171,000 |
| Davenport-Moline-Rock Island, IA-IL | 5 | $ 505,000 | $ 101,000 | $ 48,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 2,230,000 | $ 557,500 | $ 123,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 2,000,000 | $ 500,000 | $ 131,000 |
| Knoxville, TN | 3 | $ 835,000 | $ 278,333 | $ 122,000 |
| Madison, WI | 3 | $ 1,145,000 | $ 381,666 | $ 223,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 945,000 | $ 315,000 | $ 64,000 |
| Racine, WI | 3 | $ 535,000 | $ 178,333 | $ 55,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 740,000 | $ 370,000 | $ 316,000 |
| Clarksville, TN-KY | 2 | $ 650,000 | $ 325,000 | $ 75,000 |
| Dallas-Plano-Irving, TX | 2 | $ 220,000 | $ 110,000 | $ 59,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 500,000 | $ 250,000 | $ 84,000 |
| Kahului-Wailuku-Lahaina, HI | 2 | $ 1,220,000 | $ 610,000 | $ 122,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 610,000 | $ 305,000 | $ 90,000 |
| New York-Newark, NY | 2 | $ 1,380,000 | $ 690,000 | $ 364,000 |
| Newark, NJ-PA | 2 | $ 530,000 | $ 265,000 | $ 67,000 |
| Ocala, FL | 2 | $ 510,000 | $ 255,000 | $ 253,000 |
| Albuquerque, NM | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Ames, IA | 1 | $ 145,000 | $ 145,000 | $ 37,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 175,000 | $ 175,000 | $ 84,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 315,000 | $ 315,000 | $ 137,000 |
| Birmingham-Hoover, AL | 1 | $ 65,000 | $ 65,000 | $ 90,000 |
| Boston, MA | 1 | $ 275,000 | $ 275,000 | $ 140,000 |
| Burlington-South Burlington, VT | 1 | $ 665,000 | $ 665,000 | $ 254,000 |
| Charleston-North Charleston, SC | 1 | $ 375,000 | $ 375,000 | $ 107,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 135,000 | $ 135,000 | $ 100,000 |
| Des Moines-West Des Moines, IA | 1 | $ 265,000 | $ 265,000 | $ 71,000 |
| Evansville, IN-KY | 1 | $ 305,000 | $ 305,000 | $ 50,000 |
| Gary, IN | 1 | $ 85,000 | $ 85,000 | $ 30,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 105,000 | $ 105,000 | $ 268,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 605,000 | $ 605,000 | $ 200,000 |
| Iowa City, IA | 1 | $ 185,000 | $ 185,000 | $ 166,000 |
| Lansing-East Lansing, MI | 1 | $ 285,000 | $ 285,000 | $ 108,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 165,000 | $ 165,000 | $ 225,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 855,000 | $ 855,000 | $ 415,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 225,000 | $ 225,000 | $ 80,000 |
| Morristown, TN | 1 | $ 205,000 | $ 205,000 | $ 40,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 425,000 | $ 425,000 | $ 205,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 415,000 | $ 415,000 | $ 236,000 |
| Oshkosh-Neenah, WI | 1 | $ 135,000 | $ 135,000 | $ 34,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 595,000 | $ 595,000 | $ 103,000 |
| Panama City, FL | 1 | $ 335,000 | $ 335,000 | $ 200,000 |
| Peoria, IL | 1 | $ 605,000 | $ 605,000 | $ 131,000 |
| Raleigh, NC | 1 | $ 345,000 | $ 345,000 | $ 129,000 |
| Rome, GA | 1 | $ 215,000 | $ 215,000 | $ 40,000 |
| San Diego-Carlsbad, CA | 1 | $ 235,000 | $ 235,000 | $ 120,000 |
| Santa Fe, NM | 1 | $ 525,000 | $ 525,000 | $ 306,000 |
| Tacoma-Lakewood, WA | 1 | $ 155,000 | $ 155,000 | $ 59,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 1,655,000 | $ 1,655,000 | $ 313,000 |
| The Villages, FL | 1 | $ 375,000 | $ 375,000 | $ 93,000 |
| Toledo, OH | 1 | $ 195,000 | $ 195,000 | $ 78,000 |
| Tucson, AZ | 1 | $ 245,000 | $ 245,000 | $ 72,000 |
| Tyler, TX | 1 | $ 65,000 | $ 65,000 | $ 215,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 295,000 | $ 295,000 | $ 54,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 245,000 | $ 245,000 | $ 111,000 |
Mortgage Loan Application Detail Totals for Midwest Community Bank in 2022
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 | 783 | $163,275,000 | $208,000 | $1,655,000 | $90,000 | $1,034,000 |
| Cash-out Refinancing | 121 | $24,345,000 | $201,000 | $855,000 | $111,000 | $448,000 |
| Refinancing | 111 | $19,705,000 | $177,000 | $765,000 | $92,000 | $592,000 |
| Not Applicable | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 610 | $132,610,000 | $217,000 | $1,485,000 | $106,000 | $1,034,000 |
| Hispanic | 262 | $47,160,000 | $180,000 | $485,000 | $68,000 | $448,000 |
| Black or African American | 65 | $10,485,000 | $161,000 | $445,000 | $64,000 | $177,000 |
| Not Provided | 43 | $8,815,000 | $205,000 | $1,655,000 | $94,000 | $313,000 |
| Asian | 33 | $7,365,000 | $223,000 | $645,000 | $98,000 | $322,000 |
| American Indian or Alaskan Native | 2 | $310,000 | $155,000 | $165,000 | $41,000 | $53,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $635,000 | $635,000 | $635,000 | $107,000 | $107,000 |
| Not applicable | 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) | 815 | $168,065,000 | $206,000 | $1,485,000 | $99,000 | $1,034,000 |
| FHA-insured (Federal Housing Administration) | 171 | $29,025,000 | $169,000 | $505,000 | $61,000 | $449,000 |
| VA-guaranteed (Veterans Administration) | 30 | $10,290,000 | $343,000 | $1,655,000 | $98,000 | $313,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 748 | $153,480,000 | $205,000 | $1,655,000 | $94,000 | $1,034,000 |
| Application Withdrawn By Applicant | 230 | $47,050,000 | $204,000 | $765,000 | $94,000 | $592,000 |
| Application Denied By Financial Institution | 38 | $6,850,000 | $180,000 | $645,000 | $69,000 | $157,000 |
| Application Approved But Not Accepted | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 978 | $200,530,000 | $205,000 | $1,655,000 | $94,000 | $1,034,000 |
| Debt-To-Income Ratio | 14 | $2,390,000 | $170,000 | $415,000 | $65,000 | $118,000 |
| Collateral | 9 | $1,925,000 | $213,000 | $645,000 | $68,000 | $157,000 |
| Credit History | 6 | $810,000 | $135,000 | $215,000 | $75,000 | $125,000 |
| Other | 3 | $805,000 | $268,000 | $345,000 | $92,000 | $145,000 |
| Employment History | 3 | $475,000 | $158,000 | $185,000 | $55,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $445,000 | $148,000 | $235,000 | $65,000 | $100,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midwest Community Bank's 2022 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 Midwest Community 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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