Providence Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Providence Bank & Trust of South Holland, IL reported 267 mortgage applications totaling $176.3 million, down 50% from 2021. The average application was for $660,468, and applicants reported an average income of $132,314. 61% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Chicago-Naperville, IL (129), Gary, IN (56) 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 | 267 |
| Total Mortgage Loan Application Amount | $176,345,000 |
| Average Mortgage Loan Application Amount | $660,468 |
| Highest Mortgage Loan Application Amount | $14,485,000 |
| Average Applicant Income | $132,314 |
| Highest Applicant Income | $1,852,000 |
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(HMDA) records Providence Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 162 | $104,250,000 | $643,000 | $14,485,000 | $133,000 | $1,852,000 |
| Refinancing | 51 | $60,125,000 | $1,178,000 | $12,365,000 | $160,000 | $422,000 |
| Cash-out Refinancing | 36 | $8,720,000 | $242,000 | $645,000 | $106,000 | $322,000 |
| Home Improvement | 13 | $3,025,000 | $232,000 | $675,000 | $107,000 | $252,000 |
| Other Purpose | 5 | $225,000 | $45,000 | $125,000 | $83,000 | $115,000 |
| 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 | 150 | $40,990,000 | $273,000 | $2,065,000 | $133,000 | $1,852,000 |
| Not applicable | 71 | $124,035,000 | $1,746,000 | $14,485,000 | $0 | $0 |
| Black or African American | 29 | $5,425,000 | $187,000 | $535,000 | $84,000 | $206,000 |
| Asian | 6 | $1,530,000 | $255,000 | $365,000 | $213,000 | $485,000 |
| Not Provided | 6 | $1,260,000 | $210,000 | $375,000 | $95,000 | $270,000 |
| Hispanic | 5 | $3,105,000 | $621,000 | $1,335,000 | $189,000 | $244,000 |
| 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) | 267 | $176,345,000 | $660,000 | $14,485,000 | $129,000 | $1,852,000 |
| 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 | 162 | $122,130,000 | $753,000 | $14,485,000 | $111,000 | $485,000 |
| Preapproval Approved but not Accepted | 47 | $12,585,000 | $267,000 | $695,000 | $106,000 | $483,000 |
| Application Approved But Not Accepted | 31 | $25,455,000 | $821,000 | $6,755,000 | $310,000 | $1,852,000 |
| Application Denied By Financial Institution | 14 | $13,750,000 | $982,000 | $11,305,000 | $103,000 | $252,000 |
| Preapproval Denied by Financial Institution | 7 | $1,175,000 | $167,000 | $405,000 | $46,000 | $80,000 |
| File Closed For Incompleteness | 4 | $560,000 | $140,000 | $305,000 | $47,000 | $72,000 |
| Application Withdrawn By Applicant | 2 | $690,000 | $345,000 | $445,000 | $51,000 | $102,000 |
| 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 | 246 | $161,420,000 | $656,000 | $14,485,000 | $134,000 | $1,852,000 |
| Credit History | 8 | $1,220,000 | $152,000 | $255,000 | $80,000 | $111,000 |
| Debt-To-Income Ratio | 8 | $1,680,000 | $210,000 | $535,000 | $66,000 | $206,000 |
| Collateral | 3 | $345,000 | $115,000 | $245,000 | $133,000 | $252,000 |
| Credit Application Incomplete | 1 | $11,305,000 | $11,305,000 | $11,305,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $375,000 | $375,000 | $375,000 | $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 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Providence Bank & Trust's 2022 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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