Illinois Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Illinois Bank & Trust of Rockford, IL reported 451 mortgage applications totaling $48.0 million, up 3% from 2005. The average application was for $106,412, and applicants reported an average income of $83,576. 88% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rockford, IL (372), Janesville, WI (51) and Chicago-Naperville-Joliet, IL (3) (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 | 451 |
| Total Mortgage Loan Application Amount | $47,992,000 |
| Average Mortgage Loan Application Amount | $106,412 |
| Highest Mortgage Loan Application Amount | $721,000 |
| Average Applicant Income | $83,576 |
| Highest Applicant Income | $749,000 |
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(HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rockford, IL | 372 | $ 40,273,000 | $ 108,260 | $ 79,000 |
| Janesville, WI | 51 | $ 4,482,000 | $ 87,882 | $ 124,000 |
| Chicago-Naperville-Joliet, IL | 3 | $ 175,000 | $ 58,333 | $ 98,000 |
| Greeley, CO | 1 | $ 126,000 | $ 126,000 | $ 63,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 200,000 | $ 200,000 | $ 77,000 |
| La Crosse, WI-MN | 1 | $ 10,000 | $ 10,000 | $ 21,000 |
| Lakeland, FL | 1 | $ 220,000 | $ 220,000 | $ 120,000 |
| Las Vegas-Paradise, NV | 1 | $ 256,000 | $ 256,000 | $ 115,000 |
| Naples-Marco Island, FL | 1 | $ 160,000 | $ 160,000 | $ 144,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 142,000 | $ 142,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for Illinois Bank & Trust in 2006
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 | 228 | $27,606,000 | $121,000 | $454,000 | $71,000 | $536,000 |
| Refinancing | 179 | $19,256,000 | $107,000 | $721,000 | $99,000 | $749,000 |
| Home Improvement | 44 | $1,130,000 | $25,000 | $117,000 | $86,000 | $312,000 |
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 | 372 | $39,713,000 | $106,000 | $721,000 | $87,000 | $749,000 |
| Hispanic | 36 | $3,873,000 | $107,000 | $590,000 | $66,000 | $572,000 |
| Not Provided | 22 | $2,019,000 | $91,000 | $417,000 | $87,000 | $352,000 |
| Black or African American | 9 | $633,000 | $70,000 | $142,000 | $70,000 | $251,000 |
| Not applicable | 6 | $835,000 | $139,000 | $225,000 | $0 | $0 |
| Asian | 6 | $919,000 | $153,000 | $360,000 | $97,000 | $123,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 448 | $47,618,000 | $106,000 | $721,000 | $84,000 | $749,000 |
| FHA-insured (Federal Housing Administration) | 3 | $374,000 | $124,000 | $164,000 | $60,000 | $74,000 |
| 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 | 396 | $43,789,000 | $110,000 | $721,000 | $79,000 | $572,000 |
| Application Approved But Not Accepted | 32 | $3,074,000 | $96,000 | $300,000 | $157,000 | $749,000 |
| Application Denied By Financial Institution | 17 | $584,000 | $34,000 | $107,000 | $61,000 | $384,000 |
| Application Withdrawn By Applicant | 3 | $369,000 | $123,000 | $153,000 | $68,000 | $87,000 |
| Preapproval Denied by Financial Institution | 3 | $176,000 | $58,000 | $75,000 | $26,000 | $35,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 2006 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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