S&C Bank Mortgage Lending & HMDA Data, 2005
In 2005, S&C Bank of New Richmond, WI reported 1,086 mortgage applications totaling $141.5 million, up 15% from 2004. The average application was for $130,269, and applicants reported an average income of $58,511. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Eau Claire, WI (179), Minneapolis-St. Paul-Bloomington, MN-WI (91) and Duluth, MN-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 | 1,086 |
| Total Mortgage Loan Application Amount | $141,473,000 |
| Average Mortgage Loan Application Amount | $130,269 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $58,511 |
| Highest Applicant Income | $826,000 |
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Disclosure Act (HMDA) records S&C Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 348 | $ 43,928,000 | $ 126,229 | $ 52,000 |
| St. Croix, Wisconsin | 213 | $ 30,833,000 | $ 144,755 | $ 51,000 |
| Chippewa, Wisconsin | 116 | $ 10,929,000 | $ 94,215 | $ 51,000 |
| Eau Claire, Wisconsin | 63 | $ 7,312,000 | $ 116,063 | $ 50,000 |
| Pierce, Wisconsin | 60 | $ 9,345,000 | $ 155,750 | $ 96,000 |
| Dunn, Wisconsin | 47 | $ 6,319,000 | $ 134,446 | $ 51,000 |
| Chisago, Minnesota | 32 | $ 5,521,000 | $ 172,531 | $ 55,000 |
| Barron, Wisconsin | 30 | $ 2,707,000 | $ 90,233 | $ 42,000 |
| Clark, Wisconsin | 27 | $ 2,580,000 | $ 95,555 | $ 65,000 |
| Washington, Minnesota | 24 | $ 4,357,000 | $ 181,541 | $ 57,000 |
| Ramsey, Minnesota | 13 | $ 2,368,000 | $ 182,153 | $ 84,000 |
| Burnett, Wisconsin | 13 | $ 1,651,000 | $ 127,000 | $ 91,000 |
| Taylor, Wisconsin | 13 | $ 1,211,000 | $ 93,153 | $ 41,000 |
| Hennepin, Minnesota | 7 | $ 935,000 | $ 133,571 | $ 90,000 |
| Washburn, Wisconsin | 6 | $ 1,013,000 | $ 168,833 | $ 66,000 |
| Anoka, Minnesota | 5 | $ 1,029,000 | $ 205,800 | $ 42,000 |
| Isanti, Minnesota | 5 | $ 645,000 | $ 129,000 | $ 54,000 |
| Dakota, Minnesota | 4 | $ 686,000 | $ 171,500 | $ 89,000 |
| Pine, Minnesota | 3 | $ 622,000 | $ 207,333 | $ 78,000 |
| Pepin, Wisconsin | 3 | $ 290,000 | $ 96,666 | $ 35,000 |
| Maricopa, Arizona | 2 | $ 413,000 | $ 206,500 | $ 96,000 |
| Collier, Florida | 2 | $ 456,000 | $ 228,000 | $ 200,000 |
| St. Louis, Minnesota | 2 | $ 587,000 | $ 293,500 | $ 87,000 |
| Douglas, Wisconsin | 2 | $ 137,000 | $ 68,500 | $ 23,000 |
| Jackson, Wisconsin | 2 | $ 135,000 | $ 67,500 | $ 39,000 |
| Marathon, Wisconsin | 2 | $ 192,000 | $ 96,000 | $ 88,000 |
| Sawyer, Wisconsin | 2 | $ 238,000 | $ 119,000 | $ 49,000 |
| Lee, Florida | 1 | $ 510,000 | $ 510,000 | $ 360,000 |
| Clay, Minnesota | 1 | $ 116,000 | $ 116,000 | $ 79,000 |
| Crow Wing, Minnesota | 1 | $ 650,000 | $ 650,000 | $ 360,000 |
| Scott, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 64,000 |
| Jackson, Missouri | 1 | $ 170,000 | $ 170,000 | $ 76,000 |
| Lincoln, Oregon | 1 | $ 94,000 | $ 94,000 | $ 54,000 |
| Sumner, Tennessee | 1 | $ 93,000 | $ 93,000 | $ 640,000 |
| Bayfield, Wisconsin | 1 | $ 56,000 | $ 56,000 | $ 29,000 |
| Dane, Wisconsin | 1 | $ 256,000 | $ 256,000 | $ 97,000 |
| Monroe, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 64,000 |
| Price, Wisconsin | 1 | $ 158,000 | $ 158,000 | $ 68,000 |
| Rusk, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 78,000 |
| Vernon, Wisconsin | 1 | $ 93,000 | $ 93,000 | $ 73,000 |
| Walworth, Wisconsin | 1 | $ 140,000 | $ 140,000 | $ 32,000 |
| Wood, Wisconsin | 1 | $ 246,000 | $ 246,000 | $ 134,000 |
Mortgage Loan Application Detail Totals for S&C Bank in 2005
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 | 583 | $78,339,000 | $179,333 | $850,000 | $200,333 | $640,000 |
| Home Purchase | 449 | $60,850,000 | $182,000 | $1,000,000 | $103,000 | $826,000 |
| Home Improvement | 54 | $2,284,000 | $47,000 | $400,000 | $40,000 | $224,000 |
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 | 1,023 | $133,076,000 | $169,714 | $1,000,000 | $92,000 | $826,000 |
| Not Provided | 38 | $5,265,000 | $115,750 | $430,000 | $203,500 | $640,000 |
| Not applicable | 17 | $2,086,000 | $129,000 | $400,000 | $0 | $0 |
| Hispanic | 6 | $643,000 | $94,000 | $170,000 | $36,000 | $55,000 |
| American Indian or Alaskan Native | 1 | $306,000 | $306,000 | $306,000 | $102,000 | $102,000 |
| Asian | 1 | $97,000 | $97,000 | $97,000 | $62,000 | $62,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,085 | $141,434,000 | $159,500 | $1,000,000 | $159,625 | $826,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $39,000 | $39,000 | $39,000 | $24,000 | $24,000 |
| 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 | 917 | $124,221,000 | $183,333 | $1,000,000 | $200,000 | $826,000 |
| Application Denied By Financial Institution | 88 | $7,574,000 | $140,250 | $400,000 | $58,250 | $194,000 |
| Application Withdrawn By Applicant | 46 | $5,461,000 | $88,333 | $430,000 | $37,000 | $300,000 |
| Application Approved But Not Accepted | 16 | $2,172,000 | $178,000 | $275,000 | $64,000 | $137,000 |
| Preapproval Approved but not Accepted | 9 | $917,000 | $118,500 | $141,000 | $62,500 | $80,000 |
| Preapproval Denied by Financial Institution | 9 | $973,000 | $108,000 | $180,000 | $32,000 | $51,000 |
| File Closed For Incompleteness | 1 | $155,000 | $155,000 | $155,000 | $83,000 | $83,000 |
| 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 | 51 | $3,842,000 | $74,500 | $235,000 | $33,000 | $120,000 |
| Debt-To-Income Ratio | 29 | $3,296,000 | $115,333 | $400,000 | $41,666 | $162,000 |
| Collateral | 4 | $278,000 | $73,000 | $135,000 | $34,000 | $57,000 |
| Employment History | 3 | $173,000 | $57,000 | $76,000 | $15,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $170,000 | $170,000 | $170,000 | $51,000 | $51,000 |
| Other | 1 | $125,000 | $125,000 | $125,000 | $45,000 | $45,000 |
| Unverifiable Information | 1 | $58,000 | $58,000 | $58,000 | $34,000 | $34,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into S&C Bank's 2005 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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