S&C Bank Mortgage Lending & HMDA Data, 2006
In 2006, S&C Bank of New Richmond, WI reported 791 mortgage applications totaling $99.1 million, down 27% from 2005. The average application was for $125,292, and applicants reported an average income of $68,357. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (283), Eau Claire, WI (138) 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 | 791 |
| Total Mortgage Loan Application Amount | $99,106,000 |
| Average Mortgage Loan Application Amount | $125,292 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $68,357 |
| Highest Applicant Income | $1,057,000 |
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Disclosure Act (HMDA) records S&C Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 217 | $ 24,585,000 | $ 113,294 | $ 69,000 |
| St. Croix, Wisconsin | 196 | $ 27,479,000 | $ 140,198 | $ 71,000 |
| Chippewa, Wisconsin | 97 | $ 7,653,000 | $ 78,896 | $ 52,000 |
| Dunn, Wisconsin | 42 | $ 4,915,000 | $ 117,023 | $ 56,000 |
| Eau Claire, Wisconsin | 41 | $ 4,076,000 | $ 99,414 | $ 64,000 |
| Pierce, Wisconsin | 29 | $ 4,625,000 | $ 159,482 | $ 81,000 |
| Washington, Minnesota | 20 | $ 5,219,000 | $ 260,950 | $ 105,000 |
| Chisago, Minnesota | 19 | $ 2,716,000 | $ 142,947 | $ 77,000 |
| Clark, Wisconsin | 19 | $ 1,482,000 | $ 78,000 | $ 49,000 |
| Barron, Wisconsin | 16 | $ 2,320,000 | $ 145,000 | $ 77,000 |
| Taylor, Wisconsin | 12 | $ 989,000 | $ 82,416 | $ 61,000 |
| Ramsey, Minnesota | 10 | $ 3,138,000 | $ 313,800 | $ 145,000 |
| Burnett, Wisconsin | 10 | $ 829,000 | $ 82,900 | $ 74,000 |
| Hennepin, Minnesota | 4 | $ 894,000 | $ 223,500 | $ 111,000 |
| Kanabec, Minnesota | 4 | $ 829,000 | $ 207,250 | $ 41,000 |
| Pine, Minnesota | 4 | $ 312,000 | $ 78,000 | $ 54,000 |
| Pepin, Wisconsin | 3 | $ 145,000 | $ 48,333 | $ 36,000 |
| Rusk, Wisconsin | 3 | $ 66,000 | $ 22,000 | $ 45,000 |
| Washburn, Wisconsin | 3 | $ 412,000 | $ 137,333 | $ 42,000 |
| Anoka, Minnesota | 2 | $ 366,000 | $ 183,000 | $ 82,000 |
| Buffalo, Wisconsin | 2 | $ 275,000 | $ 137,500 | $ 51,000 |
| Douglas, Wisconsin | 2 | $ 203,000 | $ 101,500 | $ 132,000 |
| Baldwin, Alabama | 1 | $ 615,000 | $ 615,000 | $ 198,000 |
| Duval, Florida | 1 | $ 115,000 | $ 115,000 | $ 90,000 |
| Lee, Florida | 1 | $ 490,000 | $ 490,000 | $ 0 |
| Elkhart, Indiana | 1 | $ 54,000 | $ 54,000 | $ 40,000 |
| Carver, Minnesota | 1 | $ 151,000 | $ 151,000 | $ 71,000 |
| Crow Wing, Minnesota | 1 | $ 280,000 | $ 280,000 | $ 59,000 |
| Goodhue, Minnesota | 1 | $ 136,000 | $ 136,000 | $ 64,000 |
| Isanti, Minnesota | 1 | $ 472,000 | $ 472,000 | $ 251,000 |
| Olmsted, Minnesota | 1 | $ 199,000 | $ 199,000 | $ 97,000 |
| Polk, Minnesota | 1 | $ 140,000 | $ 140,000 | $ 130,000 |
| St. Louis, Minnesota | 1 | $ 323,000 | $ 323,000 | $ 58,000 |
| Wright, Minnesota | 1 | $ 364,000 | $ 364,000 | $ 162,000 |
| Stark, North Dakota | 1 | $ 73,000 | $ 73,000 | $ 62,000 |
| Dodge, Wisconsin | 1 | $ 146,000 | $ 146,000 | $ 72,000 |
| Jefferson, Wisconsin | 1 | $ 170,000 | $ 170,000 | $ 204,000 |
| La Crosse, Wisconsin | 1 | $ 140,000 | $ 140,000 | $ 70,000 |
| Price, Wisconsin | 1 | $ 118,000 | $ 118,000 | $ 102,000 |
| Trempealeau, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 14,000 |
Mortgage Loan Application Detail Totals for S&C Bank in 2006
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 | 407 | $47,465,000 | $116,000 | $700,000 | $67,000 | $360,000 |
| Home Purchase | 333 | $49,165,000 | $147,000 | $750,000 | $69,000 | $345,000 |
| Home Improvement | 51 | $2,476,000 | $48,000 | $393,000 | $75,000 | $1,057,000 |
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 | 757 | $94,471,000 | $124,000 | $750,000 | $70,000 | $1,057,000 |
| Not applicable | 15 | $1,805,000 | $120,000 | $490,000 | $4,000 | $70,000 |
| Not Provided | 11 | $1,840,000 | $167,000 | $417,000 | $66,000 | $121,000 |
| Asian | 3 | $526,000 | $175,000 | $262,000 | $43,000 | $80,000 |
| Hispanic | 3 | $323,000 | $107,000 | $191,000 | $48,000 | $66,000 |
| Black or African American | 1 | $102,000 | $102,000 | $102,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $39,000 | $39,000 | $39,000 | $49,000 | $49,000 |
| 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) | 791 | $99,106,000 | $125,000 | $750,000 | $68,000 | $1,057,000 |
| 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 | 683 | $87,980,000 | $128,000 | $750,000 | $71,000 | $1,057,000 |
| Application Denied By Financial Institution | 63 | $5,736,000 | $91,000 | $287,000 | $45,000 | $222,000 |
| Application Approved But Not Accepted | 24 | $2,936,000 | $122,000 | $496,000 | $57,000 | $162,000 |
| Preapproval Denied by Financial Institution | 10 | $898,000 | $89,000 | $152,000 | $28,000 | $39,000 |
| Application Withdrawn By Applicant | 8 | $1,209,000 | $151,000 | $290,000 | $60,000 | $180,000 |
| Preapproval Approved but not Accepted | 3 | $347,000 | $115,000 | $160,000 | $50,000 | $77,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2006 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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