S&C Bank Mortgage Lending & HMDA Data, 2004
In 2004, S&C Bank of New Richmond, WI reported 948 mortgage applications totaling $111.8 million, down 46% from 2003. The average application was for $117,894, and applicants reported an average income of $50,276. 86% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Eau Claire, WI (149), Minneapolis-St. Paul-Bloomington, MN-WI (80) and Cape Coral-Fort Myers, FL (1) (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 | 948 |
| Total Mortgage Loan Application Amount | $111,764,000 |
| Average Mortgage Loan Application Amount | $117,894 |
| Highest Mortgage Loan Application Amount | $999,000 |
| Average Applicant Income | $50,276 |
| Highest Applicant Income | $689,000 |
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Disclosure Act (HMDA) records S&C Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 335 | $ 37,427,000 | $ 111,722 | $ 45,000 |
| St. Croix, Wisconsin | 189 | $ 26,487,000 | $ 140,142 | $ 46,000 |
| Chippewa, Wisconsin | 88 | $ 6,701,000 | $ 76,147 | $ 42,000 |
| Eau Claire, Wisconsin | 61 | $ 6,273,000 | $ 102,836 | $ 45,000 |
| Pierce, Wisconsin | 42 | $ 6,251,000 | $ 148,833 | $ 57,000 |
| Dunn, Wisconsin | 37 | $ 5,602,000 | $ 151,405 | $ 44,000 |
| Barron, Wisconsin | 31 | $ 3,216,000 | $ 103,741 | $ 90,000 |
| Washington, Minnesota | 30 | $ 6,409,000 | $ 213,633 | $ 75,000 |
| Chisago, Minnesota | 25 | $ 2,513,000 | $ 100,520 | $ 69,000 |
| Taylor, Wisconsin | 17 | $ 1,082,000 | $ 63,647 | $ 33,000 |
| Clark, Wisconsin | 14 | $ 911,000 | $ 65,071 | $ 42,000 |
| Burnett, Wisconsin | 12 | $ 1,331,000 | $ 110,916 | $ 44,000 |
| Ramsey, Minnesota | 9 | $ 1,301,000 | $ 144,555 | $ 49,000 |
| Hennepin, Minnesota | 7 | $ 1,089,000 | $ 155,571 | $ 91,000 |
| Washburn, Wisconsin | 5 | $ 354,000 | $ 70,800 | $ 41,000 |
| Anoka, Minnesota | 4 | $ 566,000 | $ 141,500 | $ 42,000 |
| Pine, Minnesota | 4 | $ 397,000 | $ 99,250 | $ 43,000 |
| Rusk, Wisconsin | 4 | $ 212,000 | $ 53,000 | $ 57,000 |
| Dakota, Minnesota | 3 | $ 378,000 | $ 126,000 | $ 64,000 |
| Douglas, Wisconsin | 3 | $ 202,000 | $ 67,333 | $ 55,000 |
| Trempealeau, Wisconsin | 3 | $ 527,000 | $ 175,666 | $ 64,000 |
| Isanti, Minnesota | 2 | $ 435,000 | $ 217,500 | $ 179,000 |
| Pepin, Wisconsin | 2 | $ 126,000 | $ 63,000 | $ 51,000 |
| Collier, Florida | 1 | $ 188,000 | $ 188,000 | $ 248,000 |
| Lee, Florida | 1 | $ 110,000 | $ 110,000 | $ 0 |
| Gogebic, Michigan | 1 | $ 18,000 | $ 18,000 | $ 0 |
| Kanabec, Minnesota | 1 | $ 47,000 | $ 47,000 | $ 10,000 |
| McLeod, Minnesota | 1 | $ 11,000 | $ 11,000 | $ 12,000 |
| Olmsted, Minnesota | 1 | $ 150,000 | $ 150,000 | $ 80,000 |
| Pope, Minnesota | 1 | $ 74,000 | $ 74,000 | $ 54,000 |
| Rice, Minnesota | 1 | $ 160,000 | $ 160,000 | $ 83,000 |
| Ashland, Wisconsin | 1 | $ 50,000 | $ 50,000 | $ 93,000 |
| Jackson, Wisconsin | 1 | $ 123,000 | $ 123,000 | $ 119,000 |
| Marathon, Wisconsin | 1 | $ 61,000 | $ 61,000 | $ 48,000 |
| Monroe, Wisconsin | 1 | $ 40,000 | $ 40,000 | $ 90,000 |
| Vilas, Wisconsin | 1 | $ 29,000 | $ 29,000 | $ 18,000 |
Mortgage Loan Application Detail Totals for S&C Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 623 | $76,165,000 | $94,333 | $525,000 | $36,333 | $444,000 |
| Home Purchase | 274 | $34,391,000 | $142,000 | $999,000 | $74,250 | $689,000 |
| Home Improvement | 51 | $1,208,000 | $18,500 | $161,000 | $53,500 | $126,000 |
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 | 903 | $105,126,000 | $116,600 | $999,000 | $82,800 | $689,000 |
| Not Provided | 20 | $2,402,000 | $124,000 | $408,000 | $70,666 | $261,000 |
| Not applicable | 11 | $2,519,000 | $167,333 | $869,000 | $0 | $0 |
| Hispanic | 6 | $397,000 | $99,500 | $150,000 | $40,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $640,000 | $200,000 | $280,000 | $58,000 | $82,000 |
| Asian | 3 | $650,000 | $237,500 | $300,000 | $65,000 | $100,000 |
| American Indian or Alaskan Native | 1 | $30,000 | $30,000 | $30,000 | $26,000 | $26,000 |
| Black or African American | 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) | 944 | $111,480,000 | $109,600 | $999,000 | $57,400 | $689,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $255,000 | $85,000 | $100,000 | $52,000 | $60,000 |
| FHA-insured (Federal Housing Administration) | 1 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 |
| 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 | 819 | $97,390,000 | $109,250 | $869,000 | $62,000 | $689,000 |
| Application Denied By Financial Institution | 81 | $7,805,000 | $45,333 | $999,000 | $45,666 | $149,000 |
| Application Withdrawn By Applicant | 36 | $4,870,000 | $156,000 | $430,000 | $50,500 | $120,000 |
| Preapproval Denied by Financial Institution | 6 | $598,000 | $99,000 | $194,000 | $32,000 | $74,000 |
| Application Approved But Not Accepted | 5 | $796,000 | $185,500 | $408,000 | $63,000 | $140,000 |
| Preapproval Approved but not Accepted | 1 | $305,000 | $305,000 | $305,000 | $117,000 | $117,000 |
| 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 | 50 | $3,924,000 | $60,666 | $380,000 | $48,333 | $149,000 |
| Debt-To-Income Ratio | 14 | $1,181,000 | $111,500 | $185,000 | $38,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $690,000 | $99,000 | $240,000 | $10,000 | $52,000 |
| Collateral | 3 | $230,000 | $76,666 | $120,000 | $71,666 | $126,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 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 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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