Illinois Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Illinois Bank & Trust of Rockford, IL reported 395 mortgage applications totaling $39.3 million, up 105% from 2014. The average application was for $99,377, and applicants reported an average income of $103,420. 51% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Rockford, IL (172), Chicago-Naperville-Arlington Heights, IL (16) and Janesville-Beloit, WI (10) (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 | 395 |
| Total Mortgage Loan Application Amount | $39,254,000 |
| Average Mortgage Loan Application Amount | $99,377 |
| Highest Mortgage Loan Application Amount | $2,408,000 |
| Average Applicant Income | $103,420 |
| Highest Applicant Income | $1,855,000 |
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(HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 172 | $ 19,095,000 | $ 111,017 | $ 94,000 |
| Chicago-Naperville-Arlington Heights, IL | 16 | $ 3,391,000 | $ 211,937 | $ 154,000 |
| Janesville-Beloit, WI | 10 | $ 1,028,000 | $ 102,800 | $ 83,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 588,000 | $ 147,000 | $ 70,500 |
| Elgin, IL | 3 | $ 1,112,000 | $ 370,666 | $ 249,000 |
| St. Louis, MO-IL | 2 | $ 190,000 | $ 95,000 | $ 38,500 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 5,000 | $ 5,000 | $ 0 |
| Dubuque, IA | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 1,068,000 | $ 1,068,000 | $ 938,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 364,000 | $ 364,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 165,000 | $ 165,000 | $ 43,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 75,000 | $ 75,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for Illinois Bank & Trust in 2015
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 | 160 | $3,107,000 | $19,000 | $1,068,000 | $99,000 | $938,000 |
| Home Purchase | 119 | $18,097,000 | $152,000 | $1,710,000 | $101,000 | $905,000 |
| Refinancing | 116 | $18,050,000 | $155,000 | $2,408,000 | $112,000 | $1,855,000 |
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 | 279 | $25,777,000 | $92,000 | $2,408,000 | $101,000 | $1,855,000 |
| Not Provided | 73 | $9,325,000 | $127,000 | $1,068,000 | $129,000 | $938,000 |
| Hispanic | 19 | $827,000 | $43,000 | $148,000 | $66,000 | $218,000 |
| Black or African American | 13 | $519,000 | $39,000 | $139,000 | $130,000 | $333,000 |
| Not applicable | 8 | $2,644,000 | $330,000 | $840,000 | $0 | $0 |
| Asian | 3 | $162,000 | $54,000 | $101,000 | $73,000 | $121,000 |
| 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) | 367 | $36,130,000 | $98,000 | $2,408,000 | $107,000 | $1,855,000 |
| FHA-insured (Federal Housing Administration) | 23 | $2,402,000 | $104,000 | $204,000 | $48,000 | $116,000 |
| VA-guaranteed (Veterans Administration) | 5 | $722,000 | $144,000 | $180,000 | $74,000 | $101,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 200 | $19,817,000 | $99,000 | $2,408,000 | $115,000 | $1,855,000 |
| Application Withdrawn By Applicant | 110 | $15,473,000 | $140,000 | $1,710,000 | $97,000 | $598,000 |
| Application Denied By Financial Institution | 51 | $1,464,000 | $28,000 | $171,000 | $78,000 | $876,000 |
| File Closed For Incompleteness | 18 | $2,342,000 | $130,000 | $321,000 | $77,000 | $176,000 |
| Application Approved But Not Accepted | 16 | $158,000 | $9,000 | $40,000 | $110,000 | $333,000 |
| 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 2015 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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