Sauk Valley Bank & Trust Company Mortgage Lending & HMDA Data, 2022
In 2022, Sauk Valley Bank & Trust Company of Sterling, IL reported 245 mortgage applications totaling $34.7 million, down 27% from 2021. The average application was for $141,489, and applicants reported an average income of $101,228. 91% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Rockford, IL (19), Chicago-Naperville, IL (18) and Davenport-Moline-Rock Island, IA-IL (5) (applications in parentheses).
| Mortgage Company & Address | Sauk Valley Bank & Trust Company 3319 E Lincolnway Sterling, IL 61081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 245 |
| Total Mortgage Loan Application Amount | $34,665,000 |
| Average Mortgage Loan Application Amount | $141,489 |
| Highest Mortgage Loan Application Amount | $2,185,000 |
| Average Applicant Income | $101,228 |
| Highest Applicant Income | $1,108,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sauk Valley Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Whiteside, Illinois | 98 | $ 10,950,000 | $ 111,734 | $ 103,000 |
| Lee, Illinois | 71 | $ 8,715,000 | $ 122,746 | $ 89,000 |
| McHenry, Illinois | 15 | $ 2,175,000 | $ 145,000 | $ 85,000 |
| Winnebago, Illinois | 14 | $ 1,680,000 | $ 120,000 | $ 85,000 |
| Ogle, Illinois | 10 | $ 1,620,000 | $ 162,000 | $ 97,000 |
| Boone, Illinois | 5 | $ 705,000 | $ 141,000 | $ 70,000 |
| Carroll, Illinois | 4 | $ 370,000 | $ 92,500 | $ 75,000 |
| DeKalb, Illinois | 4 | $ 3,050,000 | $ 762,500 | $ 134,000 |
| Jo Daviess, Illinois | 3 | $ 355,000 | $ 118,333 | $ 119,000 |
| Walworth, Wisconsin | 3 | $ 945,000 | $ 315,000 | $ 135,000 |
| Cook, Illinois | 2 | $ 660,000 | $ 330,000 | $ 108,000 |
| Rock Island, Illinois | 2 | $ 270,000 | $ 135,000 | $ 194,000 |
| Scott, Iowa | 2 | $ 310,000 | $ 155,000 | $ 287,000 |
| Rock, Wisconsin | 2 | $ 250,000 | $ 125,000 | $ 90,000 |
| Bureau, Illinois | 1 | $ 35,000 | $ 35,000 | $ 57,000 |
| DuPage, Illinois | 1 | $ 625,000 | $ 625,000 | $ 255,000 |
| Henderson, Illinois | 1 | $ 105,000 | $ 105,000 | $ 54,000 |
| Henry, Illinois | 1 | $ 65,000 | $ 65,000 | $ 33,000 |
| Kane, Illinois | 1 | $ 315,000 | $ 315,000 | $ 110,000 |
| McLean, Illinois | 1 | $ 205,000 | $ 205,000 | $ 150,000 |
| Lancaster, Pennsylvania | 1 | $ 495,000 | $ 495,000 | $ 356,000 |
| Jefferson, Wisconsin | 1 | $ 365,000 | $ 365,000 | $ 130,000 |
| Kenosha, Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 221,000 |
| Racine, Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 147,000 |
Mortgage Loan Application Detail Totals for Sauk Valley Bank & Trust Company in 2022
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 | 152 | $24,610,000 | $161,000 | $2,185,000 | $103,000 | $1,108,000 |
| Refinancing | 55 | $5,925,000 | $107,000 | $315,000 | $104,000 | $396,000 |
| Cash-out Refinancing | 21 | $2,355,000 | $112,000 | $235,000 | $83,000 | $164,000 |
| Other Purpose | 13 | $1,145,000 | $88,000 | $305,000 | $94,000 | $186,000 |
| Home Improvement | 4 | $630,000 | $157,000 | $305,000 | $115,000 | $136,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 179 | $24,245,000 | $135,000 | $965,000 | $103,000 | $1,108,000 |
| Not applicable | 42 | $7,040,000 | $167,000 | $2,185,000 | $0 | $0 |
| Hispanic | 19 | $2,095,000 | $110,000 | $255,000 | $72,000 | $163,000 |
| Black or African American | 2 | $530,000 | $265,000 | $465,000 | $208,000 | $341,000 |
| Not Provided | 1 | $95,000 | $95,000 | $95,000 | $35,000 | $35,000 |
| Asian | 1 | $305,000 | $305,000 | $305,000 | $104,000 | $104,000 |
| American Indian or Alaskan Native | 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) | 245 | $34,665,000 | $141,000 | $2,185,000 | $101,000 | $1,108,000 |
| 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 | 224 | $32,500,000 | $145,000 | $2,185,000 | $105,000 | $1,108,000 |
| Application Withdrawn By Applicant | 11 | $1,195,000 | $108,000 | $305,000 | $74,000 | $108,000 |
| Application Denied By Financial Institution | 8 | $690,000 | $86,000 | $155,000 | $48,000 | $70,000 |
| Application Approved But Not Accepted | 2 | $280,000 | $140,000 | $235,000 | $78,000 | $117,000 |
| 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 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 245 | $34,665,000 | $141,000 | $2,185,000 | $101,000 | $1,108,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sauk Valley Bank & Trust Company's 2022 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 Sauk Valley Bank & Trust Company'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 Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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