Providence Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Providence Bank & Trust of South Holland, IL reported 236 mortgage applications totaling $37.2 million, up 74% from 2008. The average application was for $157,546, and applicants reported an average income of $85,211. 76% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Gary, IN (111), Chicago-Naperville-Joliet, IL (95) and Cape Coral-Fort Myers, FL (1) (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 | 236 |
| Total Mortgage Loan Application Amount | $37,181,000 |
| Average Mortgage Loan Application Amount | $157,546 |
| Highest Mortgage Loan Application Amount | $1,463,000 |
| Average Applicant Income | $85,211 |
| Highest Applicant Income | $1,048,000 |
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(HMDA) records Providence Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Providence Bank & Trust in 2009
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 | 161 | $26,139,000 | $162,000 | $768,000 | $92,000 | $1,048,000 |
| Home Purchase | 66 | $10,614,000 | $160,000 | $1,463,000 | $74,000 | $351,000 |
| Home Improvement | 9 | $428,000 | $47,000 | $90,000 | $46,000 | $105,000 |
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 | 208 | $33,097,000 | $159,000 | $1,463,000 | $91,000 | $1,048,000 |
| Not applicable | 11 | $1,915,000 | $174,000 | $768,000 | $0 | $0 |
| Black or African American | 9 | $905,000 | $100,000 | $304,000 | $68,000 | $148,000 |
| Hispanic | 5 | $310,000 | $62,000 | $108,000 | $46,000 | $99,000 |
| Asian | 2 | $834,000 | $417,000 | $417,000 | $110,000 | $135,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $120,000 | $120,000 | $120,000 | $31,000 | $31,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 236 | $37,181,000 | $157,000 | $1,463,000 | $85,000 | $1,048,000 |
| 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 | 180 | $26,661,000 | $148,000 | $768,000 | $88,000 | $1,048,000 |
| Preapproval Approved but not Accepted | 21 | $2,915,000 | $138,000 | $315,000 | $66,000 | $143,000 |
| Application Denied By Financial Institution | 19 | $4,704,000 | $247,000 | $1,463,000 | $90,000 | $351,000 |
| Application Approved But Not Accepted | 9 | $1,765,000 | $196,000 | $400,000 | $73,000 | $137,000 |
| Application Withdrawn By Applicant | 5 | $616,000 | $123,000 | $208,000 | $79,000 | $125,000 |
| Preapproval Denied by Financial Institution | 2 | $520,000 | $260,000 | $370,000 | $68,000 | $135,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 7 | $2,183,000 | $311,000 | $1,463,000 | $81,000 | $351,000 |
| Collateral | 5 | $1,285,000 | $257,000 | $417,000 | $115,000 | $216,000 |
| Credit History | 2 | $216,000 | $108,000 | $128,000 | $57,000 | $88,000 |
| 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 |
| Other | 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 2009 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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