Illinois Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Illinois Bank & Trust of Rockford, IL reported 279 mortgage applications totaling $27.5 million, down 29% from 2015. The average application was for $98,695, and applicants reported an average income of $87,587. 53% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Rockford, IL (117), Davenport-Moline-Rock Island, IA-IL (9) and Chicago-Naperville-Arlington Heights, IL (5) (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 | 279 |
| Total Mortgage Loan Application Amount | $27,536,000 |
| Average Mortgage Loan Application Amount | $98,695 |
| Highest Mortgage Loan Application Amount | $3,625,000 |
| Average Applicant Income | $87,587 |
| Highest Applicant Income | $720,000 |
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(HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jo Daviess, Illinois | 99 | $ 4,331,000 | $ 43,747 | $ 96,000 |
| Winnebago, Illinois | 99 | $ 15,449,000 | $ 156,050 | $ 72,000 |
| Boone, Illinois | 18 | $ 2,938,000 | $ 163,222 | $ 118,000 |
| Whiteside, Illinois | 14 | $ 582,000 | $ 41,571 | $ 44,000 |
| Mercer, Illinois | 9 | $ 103,000 | $ 11,444 | $ 45,000 |
| Stephenson, Illinois | 6 | $ 45,000 | $ 7,500 | $ 77,000 |
| Ogle, Illinois | 4 | $ 166,000 | $ 41,500 | $ 87,000 |
| Rock, Wisconsin | 4 | $ 354,000 | $ 88,500 | $ 34,000 |
| Kane, Illinois | 3 | $ 960,000 | $ 320,000 | $ 117,000 |
| Carroll, Illinois | 2 | $ 7,000 | $ 3,500 | $ 40,000 |
| Cook, Illinois | 2 | $ 36,000 | $ 18,000 | $ 125,000 |
| Gogebic, Michigan | 2 | $ 992,000 | $ 496,000 | $ 553,000 |
| Jackson, Wisconsin | 2 | $ 11,000 | $ 5,500 | $ 138,000 |
| Maricopa, Arizona | 1 | $ 153,000 | $ 153,000 | $ 128,000 |
| DeKalb, Illinois | 1 | $ 41,000 | $ 41,000 | $ 148,000 |
| Henderson, Illinois | 1 | $ 17,000 | $ 17,000 | $ 28,000 |
| Kendall, Illinois | 1 | $ 79,000 | $ 79,000 | $ 123,000 |
| LaSalle, Illinois | 1 | $ 96,000 | $ 96,000 | $ 72,000 |
| Lee, Illinois | 1 | $ 69,000 | $ 69,000 | $ 31,000 |
| McHenry, Illinois | 1 | $ 55,000 | $ 55,000 | $ 37,000 |
| Will, Illinois | 1 | $ 5,000 | $ 5,000 | $ 248,000 |
| Dubuque, Iowa | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Jackson, Iowa | 1 | $ 260,000 | $ 260,000 | $ 89,000 |
| Scott, Minnesota | 1 | $ 322,000 | $ 322,000 | $ 109,000 |
| San Miguel, New Mexico | 1 | $ 127,000 | $ 127,000 | $ 62,000 |
| Dane, Wisconsin | 1 | $ 63,000 | $ 63,000 | $ 77,000 |
| Grant, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 46,000 |
| Walworth, Wisconsin | 1 | $ 89,000 | $ 89,000 | $ 384,000 |
Mortgage Loan Application Detail Totals for Illinois Bank & Trust in 2016
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 Improvement | 143 | $1,168,000 | $8,000 | $56,000 | $85,000 | $712,000 |
| Refinancing | 70 | $10,398,000 | $148,000 | $2,064,000 | $84,000 | $384,000 |
| Home Purchase | 66 | $15,970,000 | $241,000 | $3,625,000 | $97,000 | $720,000 |
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 | 212 | $11,951,000 | $56,000 | $550,000 | $96,000 | $720,000 |
| Not Provided | 31 | $3,847,000 | $124,000 | $556,000 | $96,000 | $553,000 |
| Hispanic | 19 | $799,000 | $42,000 | $132,000 | $53,000 | $108,000 |
| Not applicable | 15 | $10,833,000 | $722,000 | $3,625,000 | $0 | $0 |
| Black or African American | 2 | $106,000 | $53,000 | $74,000 | $30,000 | $42,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 262 | $25,436,000 | $97,000 | $3,625,000 | $89,000 | $720,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,239,000 | $95,000 | $190,000 | $58,000 | $131,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $268,000 | $134,000 | $134,000 | $58,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 2 | $593,000 | $296,000 | $479,000 | $118,000 | $158,000 |
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 | 147 | $15,575,000 | $105,000 | $3,625,000 | $86,000 | $712,000 |
| Application Withdrawn By Applicant | 71 | $8,655,000 | $121,000 | $550,000 | $97,000 | $720,000 |
| Application Denied By Financial Institution | 38 | $838,000 | $22,000 | $292,000 | $46,000 | $138,000 |
| Application Approved But Not Accepted | 16 | $958,000 | $59,000 | $520,000 | $135,000 | $553,000 |
| File Closed For Incompleteness | 7 | $1,510,000 | $215,000 | $479,000 | $126,000 | $384,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Illinois Bank & Trust's 2016 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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