Illinois Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Illinois Bank & Trust of Rockford, IL reported 508 mortgage applications totaling $57.7 million, down 41% from 2003. The average application was for $113,637, and applicants reported an average income of $78,177. 84% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Rockford, IL (410), Chicago-Naperville-Joliet, IL (9) and Janesville, WI (9) (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 | 508 |
| Total Mortgage Loan Application Amount | $57,728,000 |
| Average Mortgage Loan Application Amount | $113,637 |
| Highest Mortgage Loan Application Amount | $648,000 |
| Average Applicant Income | $78,177 |
| Highest Applicant Income | $609,000 |
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(HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 264 | $31,176,000 | $202,714 | $573,000 | $96,857 | $309,000 |
| Refinancing | 226 | $25,936,000 | $175,200 | $648,000 | $128,600 | $609,000 |
| Home Improvement | 18 | $616,000 | $34,000 | $202,000 | $52,000 | $143,000 |
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 | 406 | $47,231,000 | $213,571 | $648,000 | $104,714 | $609,000 |
| Not Provided | 73 | $6,692,000 | $84,333 | $264,000 | $47,666 | $192,000 |
| Hispanic | 11 | $806,000 | $80,333 | $120,000 | $46,666 | $118,000 |
| Asian | 7 | $1,327,000 | $176,000 | $330,000 | $79,500 | $246,000 |
| Black or African American | 4 | $555,000 | $190,000 | $293,000 | $90,000 | $133,000 |
| Not applicable | 4 | $659,000 | $164,000 | $292,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 2 | $353,000 | $176,000 | $281,000 | $65,000 | $70,000 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $34,000 | $34,000 |
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) | 508 | $57,728,000 | $209,428 | $648,000 | $102,571 | $609,000 |
| 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 | 427 | $47,488,000 | $231,500 | $648,000 | $127,500 | $609,000 |
| Preapproval Approved but not Accepted | 35 | $4,991,000 | $142,000 | $300,000 | $83,000 | $240,000 |
| Application Approved But Not Accepted | 23 | $3,181,000 | $142,500 | $320,000 | $43,250 | $122,000 |
| Application Denied By Financial Institution | 10 | $823,000 | $49,500 | $177,000 | $59,500 | $105,000 |
| Preapproval Denied by Financial Institution | 7 | $538,000 | $76,000 | $115,000 | $51,000 | $192,000 |
| Application Withdrawn By Applicant | 5 | $631,000 | $129,250 | $204,000 | $82,000 | $128,000 |
| File Closed For Incompleteness | 1 | $76,000 | $76,000 | $76,000 | $32,000 | $32,000 |
| 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 2004 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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