Providence Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Providence Bank & Trust of South Holland, IL reported 842 mortgage applications totaling $229.5 million, up 225% from 2019. The average application was for $272,600, and applicants reported an average income of $118,680. 74% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Chicago-Naperville, IL (457), Gary, IN (259) and Elgin, IL (12) (applications in parentheses).
| Mortgage Company & Address | Providence Bank & Trust 630 East 162nd St South Holland, IL 60473 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 |
| Total Number of Mortgage Applications | 842 |
| Total Mortgage Loan Application Amount | $229,530,000 |
| Average Mortgage Loan Application Amount | $272,600 |
| Highest Mortgage Loan Application Amount | $9,555,000 |
| Average Applicant Income | $118,680 |
| Highest Applicant Income | $786,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Providence Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cook, Illinois | 286 | $ 90,610,000 | $ 316,818 | $ 129,000 |
| Lake, Indiana | 248 | $ 46,370,000 | $ 186,975 | $ 106,000 |
| Will, Illinois | 128 | $ 30,810,000 | $ 240,703 | $ 116,000 |
| DuPage, Illinois | 39 | $ 10,625,000 | $ 272,435 | $ 160,000 |
| Kane, Illinois | 10 | $ 2,560,000 | $ 256,000 | $ 140,000 |
| Lake, Illinois | 9 | $ 20,295,000 | $ 2,255,000 | $ 78,000 |
| Porter, Indiana | 9 | $ 1,645,000 | $ 182,777 | $ 71,000 |
| Ottawa, Michigan | 6 | $ 2,020,000 | $ 336,666 | $ 132,000 |
| LaPorte, Indiana | 4 | $ 1,330,000 | $ 332,500 | $ 224,000 |
| Winnebago, Illinois | 3 | $ 355,000 | $ 118,333 | $ 168,000 |
| Maricopa, Arizona | 2 | $ 850,000 | $ 425,000 | $ 221,000 |
| Grundy, Illinois | 2 | $ 400,000 | $ 200,000 | $ 153,000 |
| Kendall, Illinois | 2 | $ 300,000 | $ 150,000 | $ 67,000 |
| McHenry, Illinois | 2 | $ 260,000 | $ 130,000 | $ 94,000 |
| Newton, Indiana | 2 | $ 320,000 | $ 160,000 | $ 87,000 |
| White, Indiana | 2 | $ 260,000 | $ 130,000 | $ 202,000 |
| Schoolcraft, Michigan | 2 | $ 370,000 | $ 185,000 | $ 360,000 |
| Van Buren, Michigan | 2 | $ 360,000 | $ 180,000 | $ 316,000 |
| Larimer, Colorado | 1 | $ 345,000 | $ 345,000 | $ 310,000 |
| Indian River, Florida | 1 | $ 205,000 | $ 205,000 | $ 111,000 |
| Miami-Dade, Florida | 1 | $ 485,000 | $ 485,000 | $ 126,000 |
| Okaloosa, Florida | 1 | $ 205,000 | $ 205,000 | $ 96,000 |
| Palm Beach, Florida | 1 | $ 185,000 | $ 185,000 | $ 52,000 |
| Iroquois, Illinois | 1 | $ 1,455,000 | $ 1,455,000 | $ 0 |
| Jo Daviess, Illinois | 1 | $ 155,000 | $ 155,000 | $ 251,000 |
| Kankakee, Illinois | 1 | $ 215,000 | $ 215,000 | $ 116,000 |
| LaSalle, Illinois | 1 | $ 75,000 | $ 75,000 | $ 64,000 |
| Whiteside, Illinois | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Fulton, Indiana | 1 | $ 405,000 | $ 405,000 | $ 218,000 |
| Hamilton, Indiana | 1 | $ 375,000 | $ 375,000 | $ 145,000 |
| Allegan, Michigan | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| Antrim, Michigan | 1 | $ 305,000 | $ 305,000 | $ 318,000 |
| Berrien, Michigan | 1 | $ 165,000 | $ 165,000 | $ 225,000 |
| Lenawee, Michigan | 1 | $ 225,000 | $ 225,000 | $ 196,000 |
| Newaygo, Michigan | 1 | $ 205,000 | $ 205,000 | $ 96,000 |
| St. Joseph, Michigan | 1 | $ 85,000 | $ 85,000 | $ 117,000 |
| Camden, Missouri | 1 | $ 415,000 | $ 415,000 | $ 786,000 |
| Fulton, Ohio | 1 | $ 165,000 | $ 165,000 | $ 82,000 |
| Charleston, South Carolina | 1 | $ 395,000 | $ 395,000 | $ 115,000 |
| Bradley, Tennessee | 1 | $ 305,000 | $ 305,000 | $ 64,000 |
| Oneida, Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 49,000 |
| Vilas, Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 140,000 |
Mortgage Loan Application Detail Totals for Providence Bank & Trust in 2020
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 | 419 | $100,895,000 | $240,000 | $1,805,000 | $127,000 | $660,000 |
| Home Purchase | 234 | $88,390,000 | $377,000 | $9,555,000 | $104,000 | $470,000 |
| Cash-out Refinancing | 167 | $34,195,000 | $204,000 | $525,000 | $120,000 | $786,000 |
| Home Improvement | 21 | $5,985,000 | $285,000 | $1,275,000 | $108,000 | $310,000 |
| Other Purpose | 1 | $65,000 | $65,000 | $65,000 | $72,000 | $72,000 |
| 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 | 637 | $140,785,000 | $221,000 | $1,655,000 | $124,000 | $786,000 |
| Black or African American | 67 | $11,205,000 | $167,000 | $525,000 | $98,000 | $398,000 |
| Not applicable | 64 | $62,290,000 | $973,000 | $9,555,000 | $0 | $0 |
| Not Provided | 36 | $8,100,000 | $225,000 | $495,000 | $87,000 | $443,000 |
| Hispanic | 29 | $5,155,000 | $177,000 | $425,000 | $87,000 | $154,000 |
| Asian | 8 | $1,730,000 | $216,000 | $515,000 | $158,000 | $502,000 |
| American Indian or Alaskan Native | 1 | $265,000 | $265,000 | $265,000 | $380,000 | $380,000 |
| 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) | 841 | $229,435,000 | $272,000 | $9,555,000 | $120,000 | $786,000 |
| FHA-insured (Federal Housing Administration) | 1 | $95,000 | $95,000 | $95,000 | $55,000 | $55,000 |
| 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 | 625 | $181,955,000 | $291,000 | $9,555,000 | $126,000 | $786,000 |
| Application Approved But Not Accepted | 70 | $16,870,000 | $241,000 | $545,000 | $118,000 | $470,000 |
| Preapproval Approved but not Accepted | 46 | $9,680,000 | $210,000 | $515,000 | $87,000 | $246,000 |
| Application Denied By Financial Institution | 44 | $7,950,000 | $180,000 | $525,000 | $82,000 | $241,000 |
| Application Withdrawn By Applicant | 22 | $5,460,000 | $248,000 | $595,000 | $89,000 | $360,000 |
| File Closed For Incompleteness | 21 | $4,525,000 | $215,000 | $415,000 | $137,000 | $380,000 |
| Preapproval Denied by Financial Institution | 14 | $3,090,000 | $220,000 | $405,000 | $84,000 | $172,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 842 | $229,530,000 | $272,000 | $9,555,000 | $120,000 | $786,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Providence Bank & Trust's 2020 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 Providence 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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