Security Bank Mortgage Lending & HMDA Data, 2008

In 2008, Security Bank of Springfield, IL reported 672 mortgage applications totaling $55.8 million, up 95% from 2007. The average application was for $83,096, and applicants reported an average income of $70,583. 67% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Springfield, IL (326), Minneapolis-St. Paul-Bloomington, MN-WI (23) and Baltimore-Towson, MD (18) (applications in parentheses).

Mortgage Company & Address Security Bank
510 E. Monroe St
Springfield, IL 62701
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 672
Total Mortgage Loan Application Amount $55,841,000
Average Mortgage Loan Application Amount $83,096
Highest Mortgage Loan Application Amount $1,040,000
Average Applicant Income $70,583
Highest Applicant Income $721,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Security Bank by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Sangamon, Illinois 318 $ 37,426,000 $ 117,691 $ 92,000
Anoka, Minnesota 10 $ 349,000 $ 34,900 $ 50,000
Anne Arundel, Maryland 9 $ 689,000 $ 76,555 $ 67,000
Menard, Illinois 8 $ 1,654,000 $ 206,750 $ 125,000
Portage, Ohio 7 $ 293,000 $ 41,857 $ 48,000
Christian, Illinois 6 $ 634,000 $ 105,666 $ 60,000
Sedgwick, Kansas 5 $ 325,000 $ 65,000 $ 52,000
Ramsey, Minnesota 5 $ 226,000 $ 45,200 $ 39,000
Lancaster, Pennsylvania 5 $ 198,000 $ 39,600 $ 31,000
Cook, Illinois 4 $ 175,000 $ 43,750 $ 98,000
Will, Illinois 4 $ 339,000 $ 84,750 $ 64,000
Linn, Iowa 4 $ 103,000 $ 25,750 $ 48,000
Baltimore, Maryland 4 $ 189,000 $ 47,250 $ 36,000
Howard, Maryland 4 $ 202,000 $ 50,500 $ 72,000
Orleans, New York 4 $ 150,000 $ 37,500 $ 49,000
Marion, Oregon 4 $ 254,000 $ 63,500 $ 48,000
Macoupin, Illinois 3 $ 162,000 $ 54,000 $ 147,000
Marion, Indiana 3 $ 108,000 $ 36,000 $ 54,000
Ingham, Michigan 3 $ 88,000 $ 29,333 $ 62,000
Wayne, Michigan 3 $ 142,000 $ 47,333 $ 65,000
Dakota, Minnesota 3 $ 196,000 $ 65,333 $ 61,000
Gallatin, Montana 3 $ 127,000 $ 42,333 $ 57,000
Seneca, New York 3 $ 99,000 $ 33,000 $ 26,000
Stark, Ohio 3 $ 113,000 $ 37,666 $ 39,000
York, Pennsylvania 3 $ 99,000 $ 33,000 $ 57,000
Chesapeake, Virginia 3 $ 126,000 $ 42,000 $ 46,000
Nicholas, West Virginia 3 $ 126,000 $ 42,000 $ 49,000
Natrona, Wyoming 3 $ 157,000 $ 52,333 $ 34,000
Sussex, Delaware 2 $ 60,000 $ 30,000 $ 21,000
Champaign, Illinois 2 $ 135,000 $ 67,500 $ 50,000
Elk, Kansas 2 $ 119,000 $ 59,500 $ 50,000
Saline, Kansas 2 $ 44,000 $ 22,000 $ 74,000
Lawrence, Kentucky 2 $ 133,000 $ 66,500 $ 80,000
Leslie, Kentucky 2 $ 42,000 $ 21,000 $ 17,000
Pike, Kentucky 2 $ 113,000 $ 56,500 $ 38,000
Rockcastle, Kentucky 2 $ 80,000 $ 40,000 $ 45,000
Eaton, Michigan 2 $ 121,000 $ 60,500 $ 48,000
Kent, Michigan 2 $ 104,000 $ 52,000 $ 27,000
Macomb, Michigan 2 $ 140,000 $ 70,000 $ 52,000
Oakland, Michigan 2 $ 59,000 $ 29,500 $ 34,000
Nicollet, Minnesota 2 $ 126,000 $ 63,000 $ 83,000
Washington, Minnesota 2 $ 100,000 $ 50,000 $ 57,000
Lewis and Clark, Montana 2 $ 108,000 $ 54,000 $ 47,000
Boyd, Nebraska 2 $ 191,000 $ 95,500 $ 141,000
Onondaga, New York 2 $ 68,000 $ 34,000 $ 40,000
Oswego, New York 2 $ 95,000 $ 47,500 $ 46,000
Grand Forks, North Dakota 2 $ 167,000 $ 83,500 $ 36,000
Williams, North Dakota 2 $ 139,000 $ 69,500 $ 91,000
Clermont, Ohio 2 $ 108,000 $ 54,000 $ 40,000
Franklin, Ohio 2 $ 73,000 $ 36,500 $ 41,000
Muskingum, Ohio 2 $ 97,000 $ 48,500 $ 34,000
Pike, Ohio 2 $ 74,000 $ 37,000 $ 35,000
Yamhill, Oregon 2 $ 71,000 $ 35,500 $ 29,000
Berks, Pennsylvania 2 $ 73,000 $ 36,500 $ 45,000
Bucks, Pennsylvania 2 $ 187,000 $ 93,500 $ 45,000
Butler, Pennsylvania 2 $ 81,000 $ 40,500 $ 52,000
Chester, Pennsylvania 2 $ 75,000 $ 37,500 $ 40,000
Dauphin, Pennsylvania 2 $ 93,000 $ 46,500 $ 44,000
Northampton, Pennsylvania 2 $ 74,000 $ 37,000 $ 43,000
Weber, Utah 2 $ 40,000 $ 20,000 $ 39,000
Augusta, Virginia 2 $ 75,000 $ 37,500 $ 24,000
Monongalia, West Virginia 2 $ 79,000 $ 39,500 $ 43,000
Sweetwater, Wyoming 2 $ 141,000 $ 70,500 $ 60,000
Orange, California 1 $ 32,000 $ 32,000 $ 97,000
Riverside, California 1 $ 98,000 $ 98,000 $ 34,000
Larimer, Colorado 1 $ 56,000 $ 56,000 $ 36,000
Kent, Delaware 1 $ 102,000 $ 102,000 $ 106,000
New Castle, Delaware 1 $ 54,000 $ 54,000 $ 46,000
Highlands, Florida 1 $ 65,000 $ 65,000 $ 125,000
Hall, Georgia 1 $ 22,000 $ 22,000 $ 31,000
Bannock, Idaho 1 $ 41,000 $ 41,000 $ 42,000
Canyon, Idaho 1 $ 56,000 $ 56,000 $ 42,000
Cassia, Idaho 1 $ 101,000 $ 101,000 $ 44,000
Kootenai, Idaho 1 $ 47,000 $ 47,000 $ 35,000
Nez Perce, Idaho 1 $ 95,000 $ 95,000 $ 76,000
Cass, Illinois 1 $ 73,000 $ 73,000 $ 52,000
Clinton, Illinois 1 $ 17,000 $ 17,000 $ 14,000
Madison, Illinois 1 $ 68,000 $ 68,000 $ 51,000
Morgan, Illinois 1 $ 72,000 $ 72,000 $ 32,000
Vermilion, Illinois 1 $ 50,000 $ 50,000 $ 42,000
Elkhart, Indiana 1 $ 64,000 $ 64,000 $ 49,000
Johnson, Indiana 1 $ 16,000 $ 16,000 $ 25,000
Davis, Iowa 1 $ 36,000 $ 36,000 $ 52,000
Delaware, Iowa 1 $ 36,000 $ 36,000 $ 21,000
Polk, Iowa 1 $ 45,000 $ 45,000 $ 71,000
Wapello, Iowa 1 $ 37,000 $ 37,000 $ 23,000
Riley, Kansas 1 $ 31,000 $ 31,000 $ 105,000
Shawnee, Kansas 1 $ 61,000 $ 61,000 $ 56,000
Floyd, Kentucky 1 $ 38,000 $ 38,000 $ 46,000
Henderson, Kentucky 1 $ 48,000 $ 48,000 $ 40,000
Jackson, Kentucky 1 $ 53,000 $ 53,000 $ 45,000
Martin, Kentucky 1 $ 33,000 $ 33,000 $ 19,000
Owsley, Kentucky 1 $ 48,000 $ 48,000 $ 42,000
Robertson, Kentucky 1 $ 44,000 $ 44,000 $ 17,000
Wolfe, Kentucky 1 $ 52,000 $ 52,000 $ 55,000
Dorchester, Maryland 1 $ 80,000 $ 80,000 $ 31,000
Harford, Maryland 1 $ 76,000 $ 76,000 $ 66,000
Prince George's, Maryland 1 $ 69,000 $ 69,000 $ 48,000
Washington, Maryland 1 $ 53,000 $ 53,000 $ 38,000
Barry, Michigan 1 $ 22,000 $ 22,000 $ 23,000
Clinton, Michigan 1 $ 31,000 $ 31,000 $ 35,000
Isabella, Michigan 1 $ 22,000 $ 22,000 $ 22,000
Lenawee, Michigan 1 $ 44,000 $ 44,000 $ 47,000
Marquette, Michigan 1 $ 16,000 $ 16,000 $ 20,000
Monroe, Michigan 1 $ 37,000 $ 37,000 $ 59,000
Ottawa, Michigan 1 $ 33,000 $ 33,000 $ 68,000
Roscommon, Michigan 1 $ 24,000 $ 24,000 $ 31,000
St. Clair, Michigan 1 $ 30,000 $ 30,000 $ 58,000
Washtenaw, Michigan 1 $ 62,000 $ 62,000 $ 119,000
Beltrami, Minnesota 1 $ 44,000 $ 44,000 $ 85,000
Blue Earth, Minnesota 1 $ 47,000 $ 47,000 $ 30,000
Chisago, Minnesota 1 $ 77,000 $ 77,000 $ 29,000
Hennepin, Minnesota 1 $ 63,000 $ 63,000 $ 50,000
Olmsted, Minnesota 1 $ 26,000 $ 26,000 $ 85,000
St. Louis, Minnesota 1 $ 31,000 $ 31,000 $ 94,000
Wright, Minnesota 1 $ 27,000 $ 27,000 $ 44,000
Camden, Missouri 1 $ 62,000 $ 62,000 $ 51,000
Cape Girardeau, Missouri 1 $ 43,000 $ 43,000 $ 80,000
Cass, Missouri 1 $ 19,000 $ 19,000 $ 85,000
Clay, Missouri 1 $ 25,000 $ 25,000 $ 101,000
Gasconade, Missouri 1 $ 32,000 $ 32,000 $ 22,000
Jefferson, Missouri 1 $ 45,000 $ 45,000 $ 39,000
St. Charles, Missouri 1 $ 44,000 $ 44,000 $ 29,000
St. Francois, Missouri 1 $ 34,000 $ 34,000 $ 33,000
St. Louis, Missouri 1 $ 38,000 $ 38,000 $ 29,000
Taney, Missouri 1 $ 25,000 $ 25,000 $ 29,000
Worth, Missouri 1 $ 43,000 $ 43,000 $ 23,000
Carbon, Montana 1 $ 35,000 $ 35,000 $ 30,000
Missoula, Montana 1 $ 82,000 $ 82,000 $ 86,000
Wibaux, Montana 1 $ 70,000 $ 70,000 $ 37,000
Elko, Nevada 1 $ 26,000 $ 26,000 $ 54,000
Washoe, Nevada 1 $ 24,000 $ 24,000 $ 50,000
Allegany, New York 1 $ 57,000 $ 57,000 $ 74,000
Broome, New York 1 $ 56,000 $ 56,000 $ 72,000
Cattaraugus, New York 1 $ 46,000 $ 46,000 $ 39,000
Columbia, New York 1 $ 45,000 $ 45,000 $ 35,000
Erie, New York 1 $ 45,000 $ 45,000 $ 37,000
Franklin, New York 1 $ 62,000 $ 62,000 $ 39,000
Herkimer, New York 1 $ 26,000 $ 26,000 $ 31,000
Livingston, New York 1 $ 42,000 $ 42,000 $ 105,000
Madison, New York 1 $ 34,000 $ 34,000 $ 28,000
Monroe, New York 1 $ 19,000 $ 19,000 $ 34,000
Niagara, New York 1 $ 79,000 $ 79,000 $ 51,000
Oneida, New York 1 $ 95,000 $ 95,000 $ 59,000
Ontario, New York 1 $ 47,000 $ 47,000 $ 38,000
St. Lawrence, New York 1 $ 46,000 $ 46,000 $ 68,000
Washington, New York 1 $ 75,000 $ 75,000 $ 46,000
Cabarrus, North Carolina 1 $ 25,000 $ 25,000 $ 44,000
Barnes, North Dakota 1 $ 95,000 $ 95,000 $ 65,000
Richland, North Dakota 1 $ 71,000 $ 71,000 $ 53,000
Allen, Ohio 1 $ 26,000 $ 26,000 $ 49,000
Clark, Ohio 1 $ 18,000 $ 18,000 $ 52,000
Cuyahoga, Ohio 1 $ 61,000 $ 61,000 $ 44,000
Geauga, Ohio 1 $ 73,000 $ 73,000 $ 27,000
Hancock, Ohio 1 $ 66,000 $ 66,000 $ 67,000
Harrison, Ohio 1 $ 22,000 $ 22,000 $ 21,000
Henry, Ohio 1 $ 43,000 $ 43,000 $ 46,000
Highland, Ohio 1 $ 26,000 $ 26,000 $ 47,000
Licking, Ohio 1 $ 30,000 $ 30,000 $ 37,000
Lucas, Ohio 1 $ 49,000 $ 49,000 $ 24,000
Madison, Ohio 1 $ 23,000 $ 23,000 $ 28,000
Marion, Ohio 1 $ 18,000 $ 18,000 $ 36,000
Perry, Ohio 1 $ 59,000 $ 59,000 $ 45,000
Pickaway, Ohio 1 $ 30,000 $ 30,000 $ 51,000
Ross, Ohio 1 $ 23,000 $ 23,000 $ 53,000
Sandusky, Ohio 1 $ 33,000 $ 33,000 $ 38,000
Scioto, Ohio 1 $ 34,000 $ 34,000 $ 29,000
Summit, Ohio 1 $ 19,000 $ 19,000 $ 27,000
Union, Ohio 1 $ 53,000 $ 53,000 $ 56,000
Wayne, Ohio 1 $ 43,000 $ 43,000 $ 43,000
Nowata, Oklahoma 1 $ 45,000 $ 45,000 $ 40,000
Clackamas, Oregon 1 $ 22,000 $ 22,000 $ 58,000
Deschutes, Oregon 1 $ 127,000 $ 127,000 $ 74,000
Lane, Oregon 1 $ 21,000 $ 21,000 $ 26,000
Linn, Oregon 1 $ 27,000 $ 27,000 $ 36,000
Malheur, Oregon 1 $ 38,000 $ 38,000 $ 42,000
Multnomah, Oregon 1 $ 34,000 $ 34,000 $ 32,000
Beaver, Pennsylvania 1 $ 76,000 $ 76,000 $ 30,000
Carbon, Pennsylvania 1 $ 47,000 $ 47,000 $ 88,000
Clearfield, Pennsylvania 1 $ 70,000 $ 70,000 $ 66,000
Cumberland, Pennsylvania 1 $ 15,000 $ 15,000 $ 29,000
Fayette, Pennsylvania 1 $ 47,000 $ 47,000 $ 36,000
Huntingdon, Pennsylvania 1 $ 48,000 $ 48,000 $ 29,000
Jefferson, Pennsylvania 1 $ 46,000 $ 46,000 $ 83,000
Lackawanna, Pennsylvania 1 $ 52,000 $ 52,000 $ 60,000
Lebanon, Pennsylvania 1 $ 50,000 $ 50,000 $ 71,000
Montgomery, Pennsylvania 1 $ 45,000 $ 45,000 $ 50,000
Perry, Pennsylvania 1 $ 17,000 $ 17,000 $ 38,000
Somerset, Pennsylvania 1 $ 92,000 $ 92,000 $ 112,000
Tioga, Pennsylvania 1 $ 36,000 $ 36,000 $ 23,000
Warren, Pennsylvania 1 $ 52,000 $ 52,000 $ 45,000
Brule, South Dakota 1 $ 82,000 $ 82,000 $ 55,000
Lawrence, South Dakota 1 $ 19,000 $ 19,000 $ 86,000
Minnehaha, South Dakota 1 $ 39,000 $ 39,000 $ 60,000
Salt Lake, Utah 1 $ 44,000 $ 44,000 $ 27,000
Addison, Vermont 1 $ 73,000 $ 73,000 $ 39,000
Chesterfield, Virginia 1 $ 40,000 $ 40,000 $ 24,000
Henry, Virginia 1 $ 26,000 $ 26,000 $ 42,000
Southampton, Virginia 1 $ 28,000 $ 28,000 $ 26,000
Stafford, Virginia 1 $ 42,000 $ 42,000 $ 35,000
Virginia Beach, Virginia 1 $ 49,000 $ 49,000 $ 31,000
Clark, Washington 1 $ 38,000 $ 38,000 $ 34,000
King, Washington 1 $ 59,000 $ 59,000 $ 43,000
Spokane, Washington 1 $ 48,000 $ 48,000 $ 67,000
Berkeley, West Virginia 1 $ 19,000 $ 19,000 $ 26,000
Braxton, West Virginia 1 $ 30,000 $ 30,000 $ 60,000
Cabell, West Virginia 1 $ 32,000 $ 32,000 $ 59,000
Calhoun, West Virginia 1 $ 56,000 $ 56,000 $ 47,000
Kanawha, West Virginia 1 $ 45,000 $ 45,000 $ 28,000
Logan, West Virginia 1 $ 68,000 $ 68,000 $ 81,000
McDowell, West Virginia 1 $ 88,000 $ 88,000 $ 83,000
Mercer, West Virginia 1 $ 30,000 $ 30,000 $ 18,000
Mingo, West Virginia 1 $ 38,000 $ 38,000 $ 31,000
Pendleton, West Virginia 1 $ 34,000 $ 34,000 $ 32,000
Raleigh, West Virginia 1 $ 39,000 $ 39,000 $ 44,000
Randolph, West Virginia 1 $ 33,000 $ 33,000 $ 20,000
Ritchie, West Virginia 1 $ 47,000 $ 47,000 $ 40,000
Roane, West Virginia 1 $ 68,000 $ 68,000 $ 58,000
Wyoming, West Virginia 1 $ 34,000 $ 34,000 $ 54,000
Dane, Wisconsin 1 $ 97,000 $ 97,000 $ 46,000
Dunn, Wisconsin 1 $ 23,000 $ 23,000 $ 25,000
Marathon, Wisconsin 1 $ 18,000 $ 18,000 $ 43,000
Oconto, Wisconsin 1 $ 31,000 $ 31,000 $ 150,000
Sauk, Wisconsin 1 $ 31,000 $ 31,000 $ 21,000
Shawano, Wisconsin 1 $ 34,000 $ 34,000 $ 34,000
Winnebago, Wisconsin 1 $ 52,000 $ 52,000 $ 56,000
Converse, Wyoming 1 $ 47,000 $ 47,000 $ 40,000
Crook, Wyoming 1 $ 53,000 $ 53,000 $ 110,000

Mortgage Loan Application Detail Totals for Security Bank in 2008

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 419 $27,443,000 $65,000 $1,040,000 $61,000 $721,000
Refinancing 230 $26,994,000 $117,000 $368,000 $86,000 $481,000
Home Improvement 23 $1,404,000 $61,000 $388,000 $91,000 $721,000

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 607 $51,107,000 $84,000 $1,040,000 $72,000 $721,000
Not Provided 24 $1,130,000 $47,000 $157,000 $44,000 $114,000
Asian 13 $1,486,000 $114,000 $247,000 $121,000 $405,000
Black or African American 12 $901,000 $75,000 $153,000 $49,000 $95,000
Hispanic 12 $1,012,000 $84,000 $217,000 $61,000 $142,000
Not applicable 3 $143,000 $47,000 $64,000 $0 $0
American Indian or Alaskan Native 1 $62,000 $62,000 $62,000 $39,000 $39,000
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) 670 $55,715,000 $83,000 $1,040,000 $71,000 $721,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $126,000 $63,000 $71,000 $35,000 $42,000
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 449 $41,244,000 $91,000 $1,040,000 $76,000 $721,000
Application Approved But Not Accepted 202 $12,634,000 $62,000 $680,000 $60,000 $721,000
Application Withdrawn By Applicant 12 $1,214,000 $101,000 $304,000 $60,000 $114,000
Application Denied By Financial Institution 7 $412,000 $58,000 $97,000 $50,000 $75,000
File Closed For Incompleteness 2 $337,000 $168,000 $192,000 $86,000 $127,000
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
Credit History 5 $287,000 $57,000 $97,000 $51,000 $75,000
Debt-To-Income Ratio 1 $52,000 $52,000 $52,000 $60,000 $60,000
Mortgage Insurance Denied 1 $73,000 $73,000 $73,000 $32,000 $32,000
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
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Security Bank's 2008 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 Security 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.
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