S&C Bank Mortgage Lending & HMDA Data, 2003
In 2003, S&C Bank of New Richmond, WI reported 1,766 mortgage applications totaling $188.8 million. The average application was for $106,933, and applicants reported an average income of $53,677. 90% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Eau Claire, WI (352), Minneapolis-St. Paul, MN-WI (120) and Milwaukee-Waukesha, WI (2) (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 | 1,766 |
| Total Mortgage Loan Application Amount | $188,844,000 |
| Average Mortgage Loan Application Amount | $106,933 |
| Highest Mortgage Loan Application Amount | $719,000 |
| Average Applicant Income | $53,677 |
| Highest Applicant Income | $767,000 |
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Disclosure Act (HMDA) records S&C Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 639 | $ 70,549,000 | $ 110,405 | $ 51,000 |
| St. Croix, Wisconsin | 412 | $ 49,504,000 | $ 120,155 | $ 55,000 |
| Chippewa, Wisconsin | 263 | $ 20,104,000 | $ 76,441 | $ 36,000 |
| Eau Claire, Wisconsin | 89 | $ 8,386,000 | $ 94,224 | $ 45,000 |
| Clark, Wisconsin | 53 | $ 3,889,000 | $ 73,377 | $ 39,000 |
| Washington, Minnesota | 47 | $ 9,120,000 | $ 194,042 | $ 71,000 |
| Dunn, Wisconsin | 44 | $ 4,171,000 | $ 94,795 | $ 43,000 |
| Barron, Wisconsin | 39 | $ 4,298,000 | $ 110,205 | $ 50,000 |
| Chisago, Minnesota | 31 | $ 2,223,000 | $ 71,709 | $ 40,000 |
| Burnett, Wisconsin | 30 | $ 2,825,000 | $ 94,166 | $ 51,000 |
| Ramsey, Minnesota | 12 | $ 1,285,000 | $ 107,083 | $ 54,000 |
| Pierce, Wisconsin | 12 | $ 1,304,000 | $ 108,666 | $ 47,000 |
| Dakota, Minnesota | 8 | $ 1,244,000 | $ 155,500 | $ 96,000 |
| Hennepin, Minnesota | 8 | $ 1,740,000 | $ 217,500 | $ 168,000 |
| Isanti, Minnesota | 7 | $ 487,000 | $ 69,571 | $ 45,000 |
| Taylor, Wisconsin | 6 | $ 512,000 | $ 85,333 | $ 50,000 |
| Trempealeau, Wisconsin | 6 | $ 601,000 | $ 100,166 | $ 51,000 |
| Anoka, Minnesota | 4 | $ 418,000 | $ 104,500 | $ 62,000 |
| Pine, Minnesota | 4 | $ 400,000 | $ 100,000 | $ 31,000 |
| Buffalo, Wisconsin | 4 | $ 339,000 | $ 84,750 | $ 30,000 |
| Douglas, Wisconsin | 3 | $ 275,000 | $ 91,666 | $ 89,000 |
| Pepin, Wisconsin | 3 | $ 334,000 | $ 111,333 | $ 47,000 |
| Rusk, Wisconsin | 3 | $ 276,000 | $ 92,000 | $ 50,000 |
| Wood, Wisconsin | 3 | $ 257,000 | $ 85,666 | $ 62,000 |
| Columbia, Wisconsin | 2 | $ 284,000 | $ 142,000 | $ 41,000 |
| Marathon, Wisconsin | 2 | $ 81,000 | $ 40,500 | $ 44,000 |
| Monroe, Wisconsin | 2 | $ 96,000 | $ 48,000 | $ 93,000 |
| Sawyer, Wisconsin | 2 | $ 182,000 | $ 91,000 | $ 73,000 |
| Washburn, Wisconsin | 2 | $ 362,000 | $ 181,000 | $ 89,000 |
| Waukesha, Wisconsin | 2 | $ 139,000 | $ 69,500 | $ 76,000 |
| Maricopa, Arizona | 1 | $ 100,000 | $ 100,000 | $ 70,000 |
| Manatee, Florida | 1 | $ 295,000 | $ 295,000 | $ 220,000 |
| Fountain, Indiana | 1 | $ 39,000 | $ 39,000 | $ 30,000 |
| Hamilton, Indiana | 1 | $ 200,000 | $ 200,000 | $ 226,000 |
| Johnson, Kansas | 1 | $ 123,000 | $ 123,000 | $ 72,000 |
| Daviess, Kentucky | 1 | $ 522,000 | $ 522,000 | $ 58,000 |
| Douglas, Minnesota | 1 | $ 140,000 | $ 140,000 | $ 73,000 |
| Kanabec, Minnesota | 1 | $ 143,000 | $ 143,000 | $ 59,000 |
| Lyon, Minnesota | 1 | $ 83,000 | $ 83,000 | $ 41,000 |
| Morrison, Minnesota | 1 | $ 60,000 | $ 60,000 | $ 48,000 |
| Scott, Minnesota | 1 | $ 164,000 | $ 164,000 | $ 72,000 |
| Sherburne, Minnesota | 1 | $ 120,000 | $ 120,000 | $ 28,000 |
| Todd, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 34,000 |
| Wright, Minnesota | 1 | $ 152,000 | $ 152,000 | $ 55,000 |
| Ashland, Wisconsin | 1 | $ 83,000 | $ 83,000 | $ 91,000 |
| Dane, Wisconsin | 1 | $ 184,000 | $ 184,000 | $ 78,000 |
| Forest, Wisconsin | 1 | $ 70,000 | $ 70,000 | $ 66,000 |
| Jackson, Wisconsin | 1 | $ 38,000 | $ 38,000 | $ 29,000 |
| Oneida, Wisconsin | 1 | $ 159,000 | $ 159,000 | $ 73,000 |
| Rock, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 89,000 |
| Sheboygan, Wisconsin | 1 | $ 52,000 | $ 52,000 | $ 46,000 |
| Vernon, Wisconsin | 1 | $ 138,000 | $ 138,000 | $ 57,000 |
| Walworth, Wisconsin | 1 | $ 124,000 | $ 124,000 | $ 71,000 |
| Winnebago, Wisconsin | 1 | $ 50,000 | $ 50,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for S&C Bank 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) | 1,423 | $159,337,000 | $190,571 | $522,000 | $82,428 | $767,000 |
| Home Purchase (one-to-four family) | 275 | $27,803,000 | $152,333 | $719,000 | $111,333 | $463,000 |
| Home Improvement (one-to-four family) | 67 | $1,504,000 | $23,000 | $122,000 | $43,000 | $130,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $200,000 | $200,000 | $200,000 | $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 | 1,720 | $184,398,000 | $200,571 | $719,000 | $94,571 | $767,000 |
| Information not provided by applicant in mail or telephone application | 21 | $1,971,000 | $91,000 | $242,000 | $46,000 | $98,000 |
| Not applicable | 8 | $649,000 | $101,500 | $178,000 | $30,500 | $100,000 |
| Asian or Pacific Islander | 5 | $598,000 | $111,500 | $168,000 | $54,500 | $71,000 |
| Black | 5 | $503,000 | $84,500 | $215,000 | $62,000 | $140,000 |
| Hispanic | 4 | $272,000 | $68,000 | $99,000 | $49,000 | $70,000 |
| American Indian or Alaskan Native | 3 | $453,000 | $175,500 | $250,000 | $138,500 | $215,000 |
| Other | 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) | 1,764 | $188,678,000 | $200,142 | $719,000 | $94,714 | $767,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $166,000 | $83,000 | $96,000 | $42,000 | $49,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 1,582 | $171,976,000 | $201,714 | $522,000 | $96,142 | $767,000 |
| Application Denied By Financial Institution | 120 | $9,353,000 | $71,500 | $270,000 | $48,000 | $393,000 |
| Application Withdrawn By Applicant | 32 | $3,972,000 | $118,500 | $719,000 | $50,500 | $463,000 |
| Application Approved But Not Accepted | 32 | $3,543,000 | $110,000 | $263,000 | $52,000 | $225,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 53 | $3,400,000 | $57,500 | $270,000 | $37,000 | $100,000 |
| Debt-To-Income Ratio | 27 | $2,734,000 | $108,000 | $232,000 | $26,500 | $95,000 |
| Collateral | 8 | $820,000 | $102,000 | $175,000 | $51,000 | $78,000 |
| Employment History | 4 | $331,000 | $82,000 | $184,000 | $35,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $144,000 | $48,000 | $69,000 | $19,000 | $24,000 |
| Unverifiable Information | 3 | $289,000 | $96,000 | $175,000 | $28,000 | $46,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into S&C Bank'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 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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