Providence Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Providence Bank & Trust of South Holland, IL reported 191 mortgage applications totaling $104.5 million, down 28% from 2022. The average application was for $547,094, and applicants reported an average income of $131,010. 55% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville, IL (89), Gary, IN (42) and Elgin, IL (3) (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 | 191 |
| Total Mortgage Loan Application Amount | $104,495,000 |
| Average Mortgage Loan Application Amount | $547,094 |
| Highest Mortgage Loan Application Amount | $9,575,000 |
| Average Applicant Income | $131,010 |
| Highest Applicant Income | $401,000 |
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(HMDA) records Providence Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville, IL | 89 | $ 67,545,000 | $ 758,932 | $ 130,000 |
| Outside any metro area | 46 | $ 12,820,000 | $ 278,695 | $ 119,909 |
| Gary, IN | 42 | $ 10,280,000 | $ 244,761 | $ 137,000 |
| Elgin, IL | 3 | $ 9,725,000 | $ 3,241,666 | $ 213,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 765,000 | $ 255,000 | $ 104,000 |
| Kankakee, IL | 2 | $ 590,000 | $ 295,000 | $ 202,000 |
| Boise City, ID | 1 | $ 235,000 | $ 235,000 | $ 123,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 355,000 | $ 355,000 | $ 189,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 705,000 | $ 705,000 | $ 173,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Monroe, MI | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Rockford, IL | 1 | $ 285,000 | $ 285,000 | $ 0 |
Mortgage Loan Application Detail Totals for Providence Bank & Trust in 2023
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 | 131 | $64,605,000 | $493,000 | $7,435,000 | $131,000 | $401,000 |
| Refinancing | 32 | $33,450,000 | $1,045,000 | $9,575,000 | $143,000 | $346,000 |
| Other Purpose | 11 | $1,025,000 | $93,000 | $205,000 | $109,000 | $209,000 |
| Cash-out Refinancing | 9 | $2,315,000 | $257,000 | $725,000 | $135,000 | $279,000 |
| Home Improvement | 8 | $3,100,000 | $387,000 | $2,015,000 | $109,000 | $172,000 |
| 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 | 98 | $26,570,000 | $271,000 | $905,000 | $137,000 | $401,000 |
| Not applicable | 47 | $67,255,000 | $1,430,000 | $9,575,000 | $0 | $0 |
| Black or African American | 27 | $4,675,000 | $173,000 | $705,000 | $102,000 | $245,000 |
| Hispanic | 11 | $2,865,000 | $260,000 | $465,000 | $102,000 | $144,000 |
| Asian | 4 | $1,800,000 | $450,000 | $705,000 | $212,000 | $331,000 |
| Not Provided | 3 | $615,000 | $205,000 | $305,000 | $75,000 | $151,000 |
| 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) | 191 | $104,495,000 | $547,000 | $9,575,000 | $130,000 | $401,000 |
| 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 | 106 | $59,990,000 | $565,000 | $7,435,000 | $130,000 | $401,000 |
| Preapproval Approved but not Accepted | 38 | $11,720,000 | $308,000 | $725,000 | $125,000 | $332,000 |
| Application Approved But Not Accepted | 22 | $8,630,000 | $392,000 | $1,545,000 | $163,000 | $346,000 |
| Application Denied By Financial Institution | 11 | $2,935,000 | $266,000 | $1,045,000 | $100,000 | $173,000 |
| Application Withdrawn By Applicant | 7 | $20,145,000 | $2,877,000 | $9,575,000 | $165,000 | $331,000 |
| Preapproval Denied by Financial Institution | 4 | $490,000 | $122,000 | $325,000 | $87,000 | $140,000 |
| File Closed For Incompleteness | 3 | $585,000 | $195,000 | $275,000 | $117,000 | $151,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 176 | $101,070,000 | $574,000 | $9,575,000 | $134,000 | $401,000 |
| Credit History | 6 | $1,080,000 | $180,000 | $325,000 | $130,000 | $173,000 |
| Debt-To-Income Ratio | 4 | $430,000 | $107,000 | $235,000 | $74,000 | $134,000 |
| Other | 2 | $1,500,000 | $750,000 | $1,045,000 | $0 | $0 |
| Collateral | 2 | $360,000 | $180,000 | $275,000 | $75,000 | $75,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $35,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Providence Bank & Trust's 2023 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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