Providence Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Providence Bank & Trust of South Holland, IL reported 218 mortgage applications totaling $116.0 million, up 14% from 2023. The average application was for $532,293, and applicants reported an average income of $152,885. 54% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville, IL (89), Lake County-Porter County-Jasper County, IN (48) and Elgin, IL (6) (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 | 218 |
| Total Mortgage Loan Application Amount | $116,040,000 |
| Average Mortgage Loan Application Amount | $532,293 |
| Highest Mortgage Loan Application Amount | $7,875,000 |
| Average Applicant Income | $152,885 |
| Highest Applicant Income | $496,000 |
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(HMDA) records Providence Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | $ 48,645,000 | $ 546,573 | $ 173,000 |
| Outside any metro area | 51 | $ 17,925,000 | $ 351,470 | $ 110,042 |
| Lake County-Porter County-Jasper County, IN | 48 | $ 14,030,000 | $ 292,291 | $ 145,000 |
| Elgin, IL | 6 | $ 6,190,000 | $ 1,031,666 | $ 207,000 |
| Indianapolis-Carmel-Anderson, IN | 3 | $ 9,685,000 | $ 3,228,333 | $ 264,000 |
| Kankakee, IL | 3 | $ 1,565,000 | $ 521,666 | $ 187,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 1,325,000 | $ 441,666 | $ 356,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 920,000 | $ 460,000 | $ 148,000 |
| Bay City, MI | 1 | $ 145,000 | $ 145,000 | $ 79,000 |
| Bowling Green, KY | 1 | $ 115,000 | $ 115,000 | $ 375,000 |
| Cedar Rapids, IA | 1 | $ 1,275,000 | $ 1,275,000 | $ 0 |
| Cincinnati, OH-KY-IN | 1 | $ 905,000 | $ 905,000 | $ 0 |
| Cleveland, OH | 1 | $ 825,000 | $ 825,000 | $ 0 |
| Cleveland, TN | 1 | $ 375,000 | $ 375,000 | $ 117,000 |
| Michigan City-La Porte, IN | 1 | $ 4,955,000 | $ 4,955,000 | $ 0 |
| Monroe, MI | 1 | $ 2,265,000 | $ 2,265,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 455,000 | $ 455,000 | $ 288,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 445,000 | $ 445,000 | $ 487,000 |
| Rockford, IL | 1 | $ 135,000 | $ 135,000 | $ 290,000 |
| Springfield, IL | 1 | $ 105,000 | $ 105,000 | $ 150,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 3,755,000 | $ 3,755,000 | $ 0 |
Mortgage Loan Application Detail Totals for Providence 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 | 175 | $95,625,000 | $546,000 | $7,875,000 | $154,000 | $488,000 |
| Refinancing | 25 | $15,895,000 | $635,000 | $3,205,000 | $163,000 | $496,000 |
| Other Purpose | 11 | $955,000 | $86,000 | $225,000 | $122,000 | $228,000 |
| Cash-out Refinancing | 4 | $750,000 | $187,000 | $375,000 | $176,000 | $481,000 |
| Home Improvement | 3 | $2,815,000 | $938,000 | $1,445,000 | $86,000 | $86,000 |
| 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 | 112 | $36,320,000 | $324,000 | $1,315,000 | $151,000 | $488,000 |
| Not applicable | 59 | $69,335,000 | $1,175,000 | $7,875,000 | $0 | $0 |
| Black or African American | 21 | $3,475,000 | $165,000 | $685,000 | $132,000 | $371,000 |
| Not Provided | 9 | $1,975,000 | $219,000 | $575,000 | $218,000 | $496,000 |
| Hispanic | 8 | $1,740,000 | $217,000 | $405,000 | $87,000 | $143,000 |
| Asian | 8 | $2,690,000 | $336,000 | $555,000 | $200,000 | $487,000 |
| American Indian or Alaskan Native | 1 | $505,000 | $505,000 | $505,000 | $176,000 | $176,000 |
| 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) | 218 | $116,040,000 | $532,000 | $7,875,000 | $153,000 | $496,000 |
| 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 | 118 | $70,960,000 | $601,000 | $4,955,000 | $151,000 | $481,000 |
| Preapproval Approved but not Accepted | 37 | $10,195,000 | $275,000 | $685,000 | $122,000 | $315,000 |
| Application Approved But Not Accepted | 29 | $15,785,000 | $544,000 | $2,095,000 | $214,000 | $488,000 |
| Application Denied By Financial Institution | 13 | $3,635,000 | $279,000 | $725,000 | $99,000 | $225,000 |
| Application Withdrawn By Applicant | 8 | $12,290,000 | $1,536,000 | $7,875,000 | $217,000 | $280,000 |
| Preapproval Denied by Financial Institution | 7 | $1,495,000 | $213,000 | $425,000 | $53,000 | $94,000 |
| File Closed For Incompleteness | 6 | $1,680,000 | $280,000 | $575,000 | $243,000 | $496,000 |
| 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 | 198 | $110,910,000 | $560,000 | $7,875,000 | $161,000 | $496,000 |
| Debt-To-Income Ratio | 11 | $3,165,000 | $287,000 | $725,000 | $62,000 | $128,000 |
| Collateral | 4 | $560,000 | $140,000 | $315,000 | $138,000 | $225,000 |
| Credit Application Incomplete | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Credit History | 1 | $115,000 | $115,000 | $115,000 | $39,000 | $39,000 |
| Employment History | 1 | $425,000 | $425,000 | $425,000 | $61,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $285,000 | $285,000 | $285,000 | $0 | $0 |
| Unverifiable Information | 1 | $425,000 | $425,000 | $425,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Providence 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 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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