S&C Bank Mortgage Lending & HMDA Data, 2007
In 2007, S&C Bank of New Richmond, WI reported 683 mortgage applications totaling $94.4 million, down 14% from 2006. The average application was for $138,204, and applicants reported an average income of $68,975. 85% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (236), Eau Claire, WI (110) and Duluth, MN-WI (3) (applications in parentheses).
| Mortgage Company & Address | S&C Bank 355 S Knowles Ave Po Box 475 New Richmond, WI 54017 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 683 |
| Total Mortgage Loan Application Amount | $94,394,000 |
| Average Mortgage Loan Application Amount | $138,204 |
| Highest Mortgage Loan Application Amount | $770,000 |
| Average Applicant Income | $68,975 |
| Highest Applicant Income | $565,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records S&C Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Polk, Wisconsin | 196 | $ 25,196,000 | $ 128,551 | $ 62,000 |
| St. Croix, Wisconsin | 144 | $ 23,495,000 | $ 163,159 | $ 78,000 |
| Chippewa, Wisconsin | 75 | $ 8,075,000 | $ 107,666 | $ 59,000 |
| Pierce, Wisconsin | 39 | $ 5,330,000 | $ 136,666 | $ 70,000 |
| Dunn, Wisconsin | 38 | $ 4,456,000 | $ 117,263 | $ 63,000 |
| Eau Claire, Wisconsin | 35 | $ 4,410,000 | $ 126,000 | $ 77,000 |
| Clark, Wisconsin | 21 | $ 2,160,000 | $ 102,857 | $ 68,000 |
| Chisago, Minnesota | 20 | $ 3,119,000 | $ 155,950 | $ 67,000 |
| Washington, Minnesota | 14 | $ 3,910,000 | $ 279,285 | $ 94,000 |
| Burnett, Wisconsin | 13 | $ 2,128,000 | $ 163,692 | $ 86,000 |
| Barron, Wisconsin | 10 | $ 1,749,000 | $ 174,900 | $ 95,000 |
| Ramsey, Minnesota | 8 | $ 1,911,000 | $ 238,875 | $ 150,000 |
| Pepin, Wisconsin | 7 | $ 660,000 | $ 94,285 | $ 34,000 |
| Anoka, Minnesota | 4 | $ 729,000 | $ 182,250 | $ 79,000 |
| Washburn, Wisconsin | 4 | $ 578,000 | $ 144,500 | $ 21,000 |
| Hennepin, Minnesota | 3 | $ 391,000 | $ 130,333 | $ 70,000 |
| Douglas, Wisconsin | 3 | $ 265,000 | $ 88,333 | $ 62,000 |
| Taylor, Wisconsin | 3 | $ 225,000 | $ 75,000 | $ 20,000 |
| Brevard, Florida | 2 | $ 481,000 | $ 240,500 | $ 37,000 |
| Carver, Minnesota | 2 | $ 751,000 | $ 375,500 | $ 162,000 |
| Dakota, Minnesota | 2 | $ 301,000 | $ 150,500 | $ 98,000 |
| Goodhue, Minnesota | 2 | $ 195,000 | $ 97,500 | $ 66,000 |
| Kanabec, Minnesota | 2 | $ 311,000 | $ 155,500 | $ 65,000 |
| Maricopa, Arizona | 1 | $ 85,000 | $ 85,000 | $ 42,000 |
| Lake, Illinois | 1 | $ 108,000 | $ 108,000 | $ 132,000 |
| Barren, Kentucky | 1 | $ 120,000 | $ 120,000 | $ 231,000 |
| Gogebic, Michigan | 1 | $ 35,000 | $ 35,000 | $ 60,000 |
| Crow Wing, Minnesota | 1 | $ 90,000 | $ 90,000 | $ 81,000 |
| Rice, Minnesota | 1 | $ 273,000 | $ 273,000 | $ 84,000 |
| Ashland, Wisconsin | 1 | $ 200,000 | $ 200,000 | $ 106,000 |
| Bayfield, Wisconsin | 1 | $ 60,000 | $ 60,000 | $ 15,000 |
| Columbia, Wisconsin | 1 | $ 160,000 | $ 160,000 | $ 53,000 |
| Iron, Wisconsin | 1 | $ 81,000 | $ 81,000 | $ 85,000 |
| Jackson, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 48,000 |
| Juneau, Wisconsin | 1 | $ 51,000 | $ 51,000 | $ 51,000 |
| Kenosha, Wisconsin | 1 | $ 164,000 | $ 164,000 | $ 73,000 |
| Rusk, Wisconsin | 1 | $ 207,000 | $ 207,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for S&C Bank in 2007
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 | 320 | $49,956,000 | $156,000 | $594,000 | $74,000 | $565,000 |
| Refinancing | 315 | $40,732,000 | $129,000 | $770,000 | $66,000 | $341,000 |
| Home Improvement | 48 | $3,706,000 | $77,000 | $390,000 | $55,000 | $173,000 |
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 | 665 | $92,482,000 | $139,000 | $770,000 | $70,000 | $565,000 |
| Not applicable | 8 | $844,000 | $105,000 | $163,000 | $0 | $0 |
| Not Provided | 2 | $148,000 | $74,000 | $125,000 | $28,000 | $48,000 |
| Asian | 2 | $154,000 | $77,000 | $100,000 | $66,000 | $91,000 |
| Black or African American | 2 | $253,000 | $126,000 | $174,000 | $45,000 | $51,000 |
| Hispanic | 2 | $270,000 | $135,000 | $180,000 | $58,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $93,000 | $93,000 | $93,000 | $39,000 | $39,000 |
| American Indian or Alaskan Native | 1 | $150,000 | $150,000 | $150,000 | $57,000 | $57,000 |
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) | 683 | $94,394,000 | $138,000 | $770,000 | $69,000 | $565,000 |
| 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 | 583 | $82,902,000 | $142,000 | $770,000 | $72,000 | $565,000 |
| Application Denied By Financial Institution | 59 | $6,211,000 | $105,000 | $350,000 | $47,000 | $164,000 |
| Application Withdrawn By Applicant | 17 | $2,335,000 | $137,000 | $400,000 | $49,000 | $108,000 |
| Preapproval Denied by Financial Institution | 16 | $1,703,000 | $106,000 | $200,000 | $46,000 | $139,000 |
| Application Approved But Not Accepted | 8 | $1,243,000 | $155,000 | $225,000 | $64,000 | $130,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 S&C Bank's 2007 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 S&C Bank'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 Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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