Prairie State Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Prairie State Bank & Trust of Springfield, IL reported 602 mortgage applications totaling $74.3 million, down 9% from 2017. The average application was for $123,372, and applicants reported an average income of $118,843. 88% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Decatur, IL (159), Springfield, IL (145) and Champaign-Urbana, IL (50) (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 | 602 |
| Total Mortgage Loan Application Amount | $74,270,000 |
| Average Mortgage Loan Application Amount | $123,372 |
| Highest Mortgage Loan Application Amount | $1,425,000 |
| Average Applicant Income | $118,843 |
| Highest Applicant Income | $1,281,000 |
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records Prairie State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 164 | $ 15,230,000 | $ 92,865 | $ 84,195 |
| Decatur, IL | 159 | $ 17,445,000 | $ 109,716 | $ 111,000 |
| Springfield, IL | 145 | $ 19,875,000 | $ 137,068 | $ 127,000 |
| Champaign-Urbana, IL | 50 | $ 7,660,000 | $ 153,200 | $ 132,000 |
| Bloomington, IL | 27 | $ 3,745,000 | $ 138,703 | $ 107,000 |
| St. Louis, MO-IL | 25 | $ 3,485,000 | $ 139,400 | $ 100,800 |
| Peoria, IL | 4 | $ 890,000 | $ 222,500 | $ 224,000 |
| Chicago-Naperville-Arlington Heights, IL | 3 | $ 1,485,000 | $ 495,000 | $ 961,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 780,000 | $ 390,000 | $ 615,000 |
| Danville, IL | 1 | $ 25,000 | $ 25,000 | $ 93,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 555,000 | $ 555,000 | $ 996,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 245,000 | $ 245,000 | $ 93,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 215,000 | $ 215,000 | $ 1,281,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 355,000 | $ 355,000 | $ 404,000 |
| The Villages, FL | 1 | $ 205,000 | $ 205,000 | $ 226,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 375,000 | $ 375,000 | $ 824,000 |
Mortgage Loan Application Detail Totals for Prairie State Bank & Trust in 2018
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 | 370 | $50,650,000 | $136,000 | $1,425,000 | $123,000 | $996,000 |
| Cash-out Refinancing | 98 | $11,580,000 | $118,000 | $725,000 | $95,000 | $342,000 |
| Refinancing | 72 | $7,500,000 | $104,000 | $595,000 | $98,000 | $598,000 |
| Other Purpose | 36 | $3,080,000 | $85,000 | $755,000 | $168,000 | $1,281,000 |
| Home Improvement | 25 | $1,235,000 | $49,000 | $105,000 | $140,000 | $386,000 |
| Not Applicable | 1 | $225,000 | $225,000 | $225,000 | $120,000 | $120,000 |
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 | 506 | $61,030,000 | $120,000 | $1,425,000 | $114,000 | $1,281,000 |
| Not applicable | 53 | $6,685,000 | $126,000 | $725,000 | $0 | $0 |
| Asian | 17 | $2,735,000 | $160,000 | $405,000 | $165,000 | $350,000 |
| Black or African American | 9 | $645,000 | $71,000 | $185,000 | $70,000 | $227,000 |
| Not Provided | 9 | $1,555,000 | $172,000 | $355,000 | $65,000 | $92,000 |
| Hispanic | 3 | $225,000 | $75,000 | $105,000 | $69,000 | $103,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 602 | $74,270,000 | $123,000 | $1,425,000 | $119,000 | $1,281,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 | 531 | $67,335,000 | $126,000 | $1,425,000 | $128,000 | $1,281,000 |
| Application Denied By Financial Institution | 43 | $3,605,000 | $83,000 | $195,000 | $51,000 | $144,000 |
| Application Approved But Not Accepted | 26 | $3,080,000 | $118,000 | $405,000 | $79,000 | $262,000 |
| Application Withdrawn By Applicant | 1 | $25,000 | $25,000 | $25,000 | $33,000 | $33,000 |
| Loan Purchased By The Institution | 1 | $225,000 | $225,000 | $225,000 | $120,000 | $120,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 559 | $70,665,000 | $126,000 | $1,425,000 | $125,000 | $1,281,000 |
| Credit History | 20 | $1,580,000 | $79,000 | $145,000 | $53,000 | $90,000 |
| Debt-To-Income Ratio | 13 | $1,195,000 | $91,000 | $185,000 | $40,000 | $88,000 |
| Other | 4 | $280,000 | $70,000 | $135,000 | $46,000 | $62,000 |
| Collateral | 3 | $295,000 | $98,000 | $195,000 | $87,000 | $144,000 |
| Unverifiable Information | 1 | $75,000 | $75,000 | $75,000 | $63,000 | $63,000 |
| Employment History | 1 | $45,000 | $45,000 | $45,000 | $47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $135,000 | $135,000 | $135,000 | $47,000 | $47,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Prairie State Bank & Trust's 2018 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.
For a list of all lenders in Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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