Illinois Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Illinois Bank & Trust of Rockford, IL reported 227 mortgage applications totaling $19.8 million, down 19% from 2016. The average application was for $87,022, and applicants reported an average income of $82,616. 61% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Rockford, IL (91), Janesville-Beloit, WI (5) and Chicago-Naperville-Arlington Heights, 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 | 227 |
| Total Mortgage Loan Application Amount | $19,754,000 |
| Average Mortgage Loan Application Amount | $87,022 |
| Highest Mortgage Loan Application Amount | $1,696,000 |
| Average Applicant Income | $82,616 |
| Highest Applicant Income | $676,000 |
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(HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 129 | $2,120,000 | $16,000 | $600,000 | $82,000 | $668,000 |
| Refinancing | 51 | $6,807,000 | $133,000 | $880,000 | $70,000 | $488,000 |
| Home Purchase | 47 | $10,827,000 | $230,000 | $1,696,000 | $98,000 | $676,000 |
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 | 182 | $12,057,000 | $66,000 | $1,696,000 | $87,000 | $676,000 |
| Not Provided | 19 | $1,861,000 | $97,000 | $309,000 | $117,000 | $510,000 |
| Not applicable | 12 | $4,349,000 | $362,000 | $840,000 | $0 | $0 |
| Hispanic | 8 | $261,000 | $32,000 | $76,000 | $57,000 | $202,000 |
| Asian | 4 | $1,206,000 | $301,000 | $1,180,000 | $49,000 | $74,000 |
| Black or African American | 1 | $15,000 | $15,000 | $15,000 | $40,000 | $40,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $5,000 | $5,000 | $5,000 | $36,000 | $36,000 |
| 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) | 222 | $18,825,000 | $84,000 | $1,696,000 | $82,000 | $676,000 |
| FHA-insured (Federal Housing Administration) | 3 | $377,000 | $125,000 | $137,000 | $39,000 | $43,000 |
| VA-guaranteed (Veterans Administration) | 2 | $552,000 | $276,000 | $300,000 | $153,000 | $156,000 |
| 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 | 138 | $10,933,000 | $79,000 | $1,696,000 | $89,000 | $676,000 |
| Application Denied By Financial Institution | 41 | $2,049,000 | $49,000 | $496,000 | $65,000 | $280,000 |
| Application Withdrawn By Applicant | 35 | $5,429,000 | $155,000 | $755,000 | $94,000 | $510,000 |
| Application Approved But Not Accepted | 8 | $877,000 | $109,000 | $695,000 | $39,000 | $148,000 |
| File Closed For Incompleteness | 5 | $466,000 | $93,000 | $123,000 | $33,000 | $54,000 |
| 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 2017 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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