Prairie State Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Prairie State Bank & Trust of Springfield, IL reported 314 mortgage applications totaling $58.9 million, down 3% from 2023. The average application was for $187,643, and applicants reported an average income of $182,404. 90% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Springfield, IL (82), Decatur, IL (52) and Champaign-Urbana, IL (31) (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 | 314 |
| Total Mortgage Loan Application Amount | $58,920,000 |
| Average Mortgage Loan Application Amount | $187,643 |
| Highest Mortgage Loan Application Amount | $4,005,000 |
| Average Applicant Income | $182,404 |
| Highest Applicant Income | $6,135,000 |
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records Prairie State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Prairie State Bank & Trust in 2024
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 | 210 | $45,640,000 | $217,000 | $4,005,000 | $205,000 | $6,135,000 |
| Cash-out Refinancing | 32 | $4,020,000 | $125,000 | $305,000 | $122,000 | $1,126,000 |
| Refinancing | 30 | $6,690,000 | $223,000 | $695,000 | $156,000 | $393,000 |
| Other Purpose | 25 | $1,345,000 | $53,000 | $305,000 | $142,000 | $1,199,000 |
| Home Improvement | 17 | $1,225,000 | $72,000 | $255,000 | $123,000 | $378,000 |
| Not Applicable | 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 | 222 | $38,110,000 | $171,000 | $4,005,000 | $163,000 | $6,135,000 |
| Not applicable | 50 | $11,540,000 | $230,000 | $725,000 | $0 | $0 |
| Asian | 23 | $6,255,000 | $271,000 | $735,000 | $375,000 | $1,199,000 |
| Not Provided | 10 | $1,760,000 | $176,000 | $325,000 | $196,000 | $364,000 |
| Hispanic | 6 | $780,000 | $130,000 | $205,000 | $70,000 | $116,000 |
| Black or African American | 3 | $475,000 | $158,000 | $255,000 | $97,000 | $148,000 |
| 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) | 314 | $58,920,000 | $187,000 | $4,005,000 | $180,000 | $6,135,000 |
| 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 | 284 | $53,060,000 | $186,000 | $4,005,000 | $185,000 | $6,135,000 |
| Application Approved But Not Accepted | 17 | $4,395,000 | $258,000 | $715,000 | $174,000 | $393,000 |
| Application Denied By Financial Institution | 13 | $1,465,000 | $112,000 | $355,000 | $110,000 | $400,000 |
| Application Withdrawn By Applicant | 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 | 301 | $57,455,000 | $190,000 | $4,005,000 | $184,000 | $6,135,000 |
| Debt-To-Income Ratio | 6 | $660,000 | $110,000 | $255,000 | $61,000 | $130,000 |
| Credit History | 4 | $510,000 | $127,000 | $355,000 | $126,000 | $198,000 |
| Collateral | 2 | $80,000 | $40,000 | $45,000 | $82,000 | $114,000 |
| Other | 1 | $215,000 | $215,000 | $215,000 | $400,000 | $400,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2024 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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