Illinois Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Illinois Bank & Trust of Rockford, IL reported 868 mortgage applications totaling $94.6 million. The average application was for $108,987, and applicants reported an average income of $97,766. 92% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Rockford, IL (821), Chicago, IL (13) and Appleton-Oshkosh-Neenah, WI (4) (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 | 868 |
| Total Mortgage Loan Application Amount | $94,601,000 |
| Average Mortgage Loan Application Amount | $108,987 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $97,766 |
| Highest Applicant Income | $827,000 |
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(HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Illinois Bank & Trust in 2003
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 (home purchase or home improvement, one-to-four family) | 704 | $74,882,000 | $177,625 | $535,000 | $127,250 | $827,000 |
| Home Purchase (one-to-four family) | 138 | $17,576,000 | $179,428 | $540,000 | $144,857 | $800,000 |
| Home Improvement (one-to-four family) | 23 | $309,000 | $13,000 | $52,000 | $71,000 | $187,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $1,834,000 | $611,000 | $1,600,000 | $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 | 808 | $88,143,000 | $202,700 | $1,600,000 | $151,300 | $827,000 |
| Hispanic | 20 | $1,778,000 | $97,000 | $180,000 | $76,500 | $153,000 |
| Asian or Pacific Islander | 18 | $2,566,000 | $186,333 | $425,000 | $156,666 | $277,000 |
| Black | 13 | $1,287,000 | $99,000 | $276,000 | $60,000 | $201,000 |
| Information not provided by applicant in mail or telephone application | 3 | $141,000 | $47,000 | $66,000 | $108,000 | $187,000 |
| Not applicable | 3 | $439,000 | $146,000 | $162,000 | $0 | $0 |
| Other | 3 | $247,000 | $82,000 | $137,000 | $83,000 | $165,000 |
| 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) | 868 | $94,601,000 | $195,090 | $1,600,000 | $146,545 | $827,000 |
| 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 | 798 | $86,205,000 | $195,727 | $540,000 | $149,818 | $827,000 |
| Application Approved But Not Accepted | 33 | $3,896,000 | $111,500 | $440,000 | $58,000 | $187,000 |
| Application Denied By Financial Institution | 27 | $3,582,000 | $132,000 | $1,600,000 | $47,000 | $153,000 |
| Application Withdrawn By Applicant | 9 | $866,000 | $96,000 | $149,000 | $45,000 | $115,000 |
| File Closed For Incompleteness | 1 | $52,000 | $52,000 | $52,000 | $46,000 | $46,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2003 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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