Illinois Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Illinois Bank & Trust of Rockford, IL reported 127 mortgage applications totaling $18.9 million, down 62% from 2011. The average application was for $148,866, and applicants reported an average income of $101,346. 46% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Rockford, IL (117), Chicago-Joliet-Naperville, IL (3) and Janesville, WI (1) (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 | 127 |
| Total Mortgage Loan Application Amount | $18,906,000 |
| Average Mortgage Loan Application Amount | $148,866 |
| Highest Mortgage Loan Application Amount | $3,066,000 |
| Average Applicant Income | $101,346 |
| Highest Applicant Income | $773,000 |
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(HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012
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 | 76 | $14,834,000 | $195,000 | $3,066,000 | $113,000 | $773,000 |
| Home Purchase | 32 | $3,929,000 | $122,000 | $976,000 | $81,000 | $454,000 |
| Home Improvement | 19 | $143,000 | $7,000 | $42,000 | $89,000 | $200,000 |
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 | 104 | $16,136,000 | $155,000 | $3,066,000 | $112,000 | $773,000 |
| Hispanic | 9 | $427,000 | $47,000 | $92,000 | $56,000 | $90,000 |
| Not Provided | 8 | $949,000 | $118,000 | $411,000 | $64,000 | $195,000 |
| Not applicable | 3 | $880,000 | $293,000 | $588,000 | $0 | $0 |
| Black or African American | 2 | $427,000 | $213,000 | $417,000 | $79,000 | $113,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $87,000 | $87,000 | $87,000 | $60,000 | $60,000 |
| 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) | 121 | $18,248,000 | $150,000 | $3,066,000 | $103,000 | $773,000 |
| FHA-insured (Federal Housing Administration) | 5 | $525,000 | $105,000 | $162,000 | $68,000 | $128,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $133,000 | $133,000 | $133,000 | $45,000 | $45,000 |
| 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 | 59 | $5,899,000 | $99,000 | $588,000 | $98,000 | $634,000 |
| Application Withdrawn By Applicant | 40 | $6,449,000 | $161,000 | $976,000 | $125,000 | $773,000 |
| File Closed For Incompleteness | 19 | $2,767,000 | $145,000 | $410,000 | $90,000 | $204,000 |
| Application Denied By Financial Institution | 6 | $3,334,000 | $555,000 | $3,066,000 | $51,000 | $108,000 |
| Application Approved But Not Accepted | 2 | $185,000 | $92,000 | $133,000 | $32,000 | $45,000 |
| Loan Purchased By The Institution | 1 | $272,000 | $272,000 | $272,000 | $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 2012 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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