Illinois Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Illinois Bank & Trust of Rockford, IL reported 263 mortgage applications totaling $60.1 million, up 311% from 2020. The average application was for $228,460, and applicants reported an average income of $159,794. 72% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Rockford, IL (193), Chicago-Naperville, IL (12) and Elgin, IL (2) (applications in parentheses).
| Mortgage Company & Address | Illinois Bank & Trust 6855 E Riverside Blvd Rockford, IL 61114 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 263 |
| Total Mortgage Loan Application Amount | $60,085,000 |
| Average Mortgage Loan Application Amount | $228,460 |
| Highest Mortgage Loan Application Amount | $9,915,000 |
| Average Applicant Income | $159,794 |
| Highest Applicant Income | $1,640,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Winnebago, Illinois | 181 | $ 29,425,000 | $ 162,569 | $ 138,000 |
| Jo Daviess, Illinois | 40 | $ 4,570,000 | $ 114,250 | $ 80,000 |
| Boone, Illinois | 12 | $ 2,640,000 | $ 220,000 | $ 278,000 |
| Cook, Illinois | 10 | $ 4,660,000 | $ 466,000 | $ 175,000 |
| Kane, Illinois | 2 | $ 1,070,000 | $ 535,000 | $ 173,000 |
| Walworth, Wisconsin | 2 | $ 2,100,000 | $ 1,050,000 | $ 1,195,000 |
| Hillsborough, Florida | 1 | $ 9,915,000 | $ 9,915,000 | $ 0 |
| Manatee, Florida | 1 | $ 1,605,000 | $ 1,605,000 | $ 714,000 |
| LaSalle, Illinois | 1 | $ 125,000 | $ 125,000 | $ 0 |
| McHenry, Illinois | 1 | $ 125,000 | $ 125,000 | $ 107,000 |
| Ogle, Illinois | 1 | $ 395,000 | $ 395,000 | $ 446,000 |
| Stephenson, Illinois | 1 | $ 145,000 | $ 145,000 | $ 102,000 |
| Will, Illinois | 1 | $ 35,000 | $ 35,000 | $ 70,000 |
| Dubuque, Iowa | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Adams, Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 813,000 |
| Dane, Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 369,000 |
| Grant, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 118,000 |
| Juneau, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 53,000 |
| Kewaunee, Wisconsin | 1 | $ 625,000 | $ 625,000 | $ 397,000 |
| Milwaukee, Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 92,000 |
| Rock, Wisconsin | 1 | $ 1,655,000 | $ 1,655,000 | $ 0 |
| Vilas, Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 0 |
Mortgage Loan Application Detail Totals for Illinois Bank & Trust in 2021
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 | 190 | $44,790,000 | $235,000 | $9,915,000 | $154,000 | $1,640,000 |
| Home Purchase | 30 | $11,050,000 | $368,000 | $2,955,000 | $215,000 | $648,000 |
| Home Improvement | 21 | $1,955,000 | $93,000 | $605,000 | $132,000 | $580,000 |
| Other Purpose | 20 | $1,130,000 | $56,000 | $185,000 | $131,000 | $813,000 |
| Cash-out Refinancing | 2 | $1,160,000 | $580,000 | $595,000 | $462,000 | $501,000 |
| 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 | 173 | $24,455,000 | $141,000 | $1,605,000 | $140,000 | $1,640,000 |
| Not Provided | 45 | $8,485,000 | $188,000 | $1,055,000 | $214,000 | $1,477,000 |
| Not applicable | 35 | $25,965,000 | $741,000 | $9,915,000 | $0 | $0 |
| Asian | 2 | $180,000 | $90,000 | $105,000 | $66,000 | $67,000 |
| Black or African American | 2 | $420,000 | $210,000 | $385,000 | $178,000 | $336,000 |
| Hispanic | 1 | $75,000 | $75,000 | $75,000 | $29,000 | $29,000 |
| American Indian or Alaskan Native | 1 | $55,000 | $55,000 | $55,000 | $20,000 | $20,000 |
| 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) | 263 | $60,085,000 | $228,000 | $9,915,000 | $156,000 | $1,640,000 |
| 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 | 189 | $49,525,000 | $262,000 | $9,915,000 | $171,000 | $1,640,000 |
| Application Denied By Financial Institution | 53 | $7,315,000 | $138,000 | $1,055,000 | $127,000 | $1,477,000 |
| Application Withdrawn By Applicant | 18 | $2,640,000 | $146,000 | $605,000 | $108,000 | $430,000 |
| Application Approved But Not Accepted | 3 | $605,000 | $201,000 | $535,000 | $142,000 | $182,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 210 | $52,770,000 | $251,000 | $9,915,000 | $164,000 | $1,640,000 |
| Debt-To-Income Ratio | 27 | $3,075,000 | $113,000 | $485,000 | $67,000 | $177,000 |
| Credit History | 11 | $1,135,000 | $103,000 | $175,000 | $71,000 | $126,000 |
| Collateral | 6 | $610,000 | $101,000 | $215,000 | $184,000 | $369,000 |
| Unverifiable Information | 4 | $1,680,000 | $420,000 | $1,055,000 | $528,000 | $1,477,000 |
| Credit Application Incomplete | 3 | $655,000 | $218,000 | $535,000 | $115,000 | $164,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $105,000 | $105,000 |
| Employment History | 1 | $135,000 | $135,000 | $135,000 | $165,000 | $165,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Illinois Bank & Trust's 2021 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 Illinois 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.
For a list of all lenders in Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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