Prairie State Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Prairie State Bank & Trust of Springfield, IL reported 682 mortgage applications totaling $87.0 million, up 108% from 2007. The average application was for $127,634, and applicants reported an average income of $86,914. 96% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Decatur, IL (231), Springfield, IL (103) and St. Louis, MO-IL (45) (applications in parentheses).
| Mortgage Company & Address | Prairie State Bank & Trust 3751 W. Wabash Ave Springfield, IL 62704 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 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 | 682 |
| Total Mortgage Loan Application Amount | $87,047,000 |
| Average Mortgage Loan Application Amount | $127,634 |
| Highest Mortgage Loan Application Amount | $2,280,000 |
| Average Applicant Income | $86,914 |
| Highest Applicant Income | $1,168,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Prairie State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Decatur, IL | 231 | $ 30,281,000 | $ 131,086 | $ 106,000 |
| Springfield, IL | 103 | $ 15,451,000 | $ 150,009 | $ 114,000 |
| St. Louis, MO-IL | 45 | $ 2,586,000 | $ 57,466 | $ 57,000 |
| Bloomington-Normal, IL | 40 | $ 9,470,000 | $ 236,750 | $ 23,000 |
| Champaign-Urbana, IL | 31 | $ 8,890,000 | $ 286,774 | $ 120,000 |
| Chicago-Naperville-Joliet, IL | 3 | $ 942,000 | $ 314,000 | $ 129,000 |
| Clarksville, TN-KY | 2 | $ 254,000 | $ 127,000 | $ 49,000 |
| Naples-Marco Island, FL | 1 | $ 278,000 | $ 278,000 | $ 147,000 |
| Peoria, IL | 1 | $ 62,000 | $ 62,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Prairie State Bank & Trust in 2008
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 | 426 | $63,320,000 | $148,000 | $2,280,000 | $92,000 | $1,168,000 |
| Home Purchase | 221 | $22,725,000 | $102,000 | $830,000 | $79,000 | $750,000 |
| Home Improvement | 35 | $1,002,000 | $28,000 | $86,000 | $75,000 | $196,000 |
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 | 619 | $71,651,000 | $115,000 | $1,000,000 | $91,000 | $1,168,000 |
| Not applicable | 51 | $13,612,000 | $266,000 | $2,280,000 | $12,000 | $650,000 |
| Not Provided | 7 | $470,000 | $67,000 | $266,000 | $219,000 | $750,000 |
| Black or African American | 2 | $304,000 | $152,000 | $260,000 | $52,000 | $93,000 |
| Hispanic | 2 | $180,000 | $90,000 | $121,000 | $71,000 | $106,000 |
| Asian | 1 | $830,000 | $830,000 | $830,000 | $264,000 | $264,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 680 | $86,951,000 | $127,000 | $2,280,000 | $87,000 | $1,168,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $74,000 | $74,000 | $74,000 | $32,000 | $32,000 |
| VA-guaranteed (Veterans Administration) | 1 | $22,000 | $22,000 | $22,000 | $74,000 | $74,000 |
| FHA-insured (Federal Housing 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 | 652 | $85,460,000 | $131,000 | $2,280,000 | $89,000 | $1,168,000 |
| Application Denied By Financial Institution | 30 | $1,587,000 | $52,000 | $135,000 | $44,000 | $128,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 18 | $961,000 | $53,000 | $135,000 | $51,000 | $128,000 |
| Debt-To-Income Ratio | 7 | $289,000 | $41,000 | $51,000 | $28,000 | $80,000 |
| Employment History | 2 | $94,000 | $47,000 | $62,000 | $21,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $58,000 | $58,000 | $58,000 | $26,000 | $26,000 |
| Collateral | 1 | $75,000 | $75,000 | $75,000 | $23,000 | $23,000 |
| Other | 1 | $110,000 | $110,000 | $110,000 | $110,000 | $110,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Prairie State Bank & Trust's 2008 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 Prairie State 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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