South Central Bank, National Association Mortgage Lending & HMDA Data, 2016
In 2016, South Central Bank, National Association of Chicago, IL reported 1,328 mortgage applications totaling $61.8 million, up 4% from 2015. The average application was for $46,516, and applicants reported an average income of $77,521. 33% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (557), Milwaukee-Waukesha-West Allis, WI (129) and Pittsburgh, PA (99) (applications in parentheses).
| Mortgage Company & Address | South Central Bank, National Association 525 W Roosevelt Rd Chicago, IL 60607 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,328 |
| Total Mortgage Loan Application Amount | $61,774,000 |
| Average Mortgage Loan Application Amount | $46,516 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $77,521 |
| Highest Applicant Income | $595,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records South Central Bank, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 557 | $ 41,985,000 | $ 75,377 | $ 87,000 |
| Milwaukee-Waukesha-West Allis, WI | 129 | $ 2,265,000 | $ 17,558 | $ 74,000 |
| Pittsburgh, PA | 99 | $ 1,670,000 | $ 16,868 | $ 56,000 |
| Cleveland-Elyria, OH | 45 | $ 615,000 | $ 13,666 | $ 73,000 |
| Lake County-Kenosha County, IL-WI | 38 | $ 5,278,000 | $ 138,894 | $ 116,105 |
| Akron, OH | 36 | $ 494,000 | $ 13,722 | $ 61,000 |
| Racine, WI | 30 | $ 524,000 | $ 17,466 | $ 59,000 |
| Baltimore-Columbia-Towson, MD | 28 | $ 393,000 | $ 14,035 | $ 58,000 |
| Kansas City, MO-KS | 24 | $ 576,000 | $ 24,000 | $ 102,375 |
| Gary, IN | 22 | $ 1,197,000 | $ 54,409 | $ 104,000 |
| Canton-Massillon, OH | 20 | $ 250,000 | $ 12,500 | $ 36,000 |
| Indianapolis-Carmel-Anderson, IN | 13 | $ 217,000 | $ 16,692 | $ 53,000 |
| Louisville/Jefferson County, KY-IN | 13 | $ 328,000 | $ 25,230 | $ 81,000 |
| Sheboygan, WI | 13 | $ 314,000 | $ 24,153 | $ 64,000 |
| Cincinnati, OH-KY-IN | 12 | $ 251,000 | $ 20,916 | $ 112,500 |
| Madison, WI | 11 | $ 136,000 | $ 12,363 | $ 63,000 |
| Lexington-Fayette, KY | 9 | $ 178,000 | $ 19,777 | $ 87,000 |
| Des Moines-West Des Moines, IA | 8 | $ 105,000 | $ 13,125 | $ 86,000 |
| Fond Du Lac, WI | 8 | $ 168,000 | $ 21,000 | $ 60,000 |
| Fort Wayne, IN | 8 | $ 115,000 | $ 14,375 | $ 40,000 |
| Grand Rapids-Wyoming, MI | 8 | $ 124,000 | $ 15,500 | $ 64,000 |
| Rockford, IL | 8 | $ 44,000 | $ 5,500 | $ 117,000 |
| Columbus, OH | 7 | $ 149,000 | $ 21,285 | $ 111,000 |
| Muncie, IN | 5 | $ 74,000 | $ 14,800 | $ 56,000 |
| South Bend-Mishawaka, IN-MI | 5 | $ 54,000 | $ 10,800 | $ 35,000 |
| Ames, IA | 4 | $ 75,000 | $ 18,750 | $ 86,000 |
| Elgin, IL | 4 | $ 251,000 | $ 62,750 | $ 68,000 |
| Peoria, IL | 4 | $ 54,000 | $ 13,500 | $ 86,000 |
| Saginaw, MI | 4 | $ 61,000 | $ 15,250 | $ 52,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 30,000 | $ 10,000 | $ 66,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 63,000 | $ 21,000 | $ 76,000 |
| Appleton, WI | 2 | $ 44,000 | $ 22,000 | $ 109,000 |
| Decatur, IL | 2 | $ 15,000 | $ 7,500 | $ 31,000 |
| Evansville, IN-KY | 2 | $ 8,000 | $ 4,000 | $ 43,000 |
| Janesville-Beloit, WI | 2 | $ 55,000 | $ 27,500 | $ 73,000 |
| Kankakee, IL | 2 | $ 39,000 | $ 19,500 | $ 73,000 |
| Michigan City-La Porte, IN | 2 | $ 34,000 | $ 17,000 | $ 49,000 |
| Muskegon, MI | 2 | $ 31,000 | $ 15,500 | $ 73,000 |
| Niles-Benton Harbor, MI | 2 | $ 391,000 | $ 195,500 | $ 291,000 |
| St. Louis, MO-IL | 2 | $ 38,000 | $ 19,000 | $ 49,000 |
| Terre Haute, IN | 2 | $ 17,000 | $ 8,500 | $ 17,000 |
| Topeka, KS | 2 | $ 59,000 | $ 29,500 | $ 64,000 |
| Battle Creek, MI | 1 | $ 195,000 | $ 195,000 | $ 75,000 |
| Bay City, MI | 1 | $ 15,000 | $ 15,000 | $ 117,000 |
| Bloomington, IN | 1 | $ 4,000 | $ 4,000 | $ 91,000 |
| Carbondale-Marion, IL | 1 | $ 15,000 | $ 15,000 | $ 60,000 |
| Champaign-Urbana, IL | 1 | $ 12,000 | $ 12,000 | $ 50,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 21,000 | $ 21,000 | $ 46,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 99,000 | $ 99,000 | $ 31,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 41,000 | $ 41,000 | $ 83,000 |
| Eau Claire, WI | 1 | $ 44,000 | $ 44,000 | $ 114,000 |
| Elkhart-Goshen, IN | 1 | $ 19,000 | $ 19,000 | $ 111,000 |
| Flint, MI | 1 | $ 19,000 | $ 19,000 | $ 70,000 |
| Kokomo, IN | 1 | $ 5,000 | $ 5,000 | $ 33,000 |
| Lafayette-West Lafayette, IN | 1 | $ 5,000 | $ 5,000 | $ 49,000 |
| Lancaster, PA | 1 | $ 47,000 | $ 47,000 | $ 42,000 |
| Lansing-East Lansing, MI | 1 | $ 21,000 | $ 21,000 | $ 35,000 |
| Lawrence, KS | 1 | $ 30,000 | $ 30,000 | $ 158,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 5,000 | $ 5,000 | $ 28,000 |
| Oshkosh-Neenah, WI | 1 | $ 10,000 | $ 10,000 | $ 28,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 383,000 | $ 383,000 | $ 105,000 |
| Wichita, KS | 1 | $ 34,000 | $ 34,000 | $ 103,000 |
| York-Hanover, PA | 1 | $ 26,000 | $ 26,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for South Central Bank, National Association in 2016
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 Improvement | 1,177 | $19,985,000 | $16,000 | $78,000 | $71,000 | $250,000 |
| Refinancing | 98 | $27,278,000 | $278,000 | $1,500,000 | $128,000 | $595,000 |
| Home Purchase | 53 | $14,511,000 | $273,000 | $696,000 | $129,000 | $545,000 |
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 | 824 | $47,886,000 | $58,000 | $1,500,000 | $82,000 | $595,000 |
| Black or African American | 342 | $6,267,000 | $18,000 | $375,000 | $66,000 | $545,000 |
| Hispanic | 99 | $3,294,000 | $33,000 | $375,000 | $76,000 | $202,000 |
| Not Provided | 31 | $562,000 | $18,000 | $75,000 | $87,000 | $207,000 |
| Asian | 24 | $3,062,000 | $127,000 | $696,000 | $86,000 | $517,000 |
| Native Hawaiin or Other Pacific Islander | 5 | $291,000 | $58,000 | $208,000 | $80,000 | $153,000 |
| American Indian or Alaskan Native | 3 | $412,000 | $137,000 | $366,000 | $116,000 | $170,000 |
| Not applicable | 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) | 1,014 | $54,097,000 | $53,000 | $1,500,000 | $81,000 | $595,000 |
| FHA-insured (Federal Housing Administration) | 311 | $6,768,000 | $21,000 | $365,000 | $69,000 | $228,000 |
| VA-guaranteed (Veterans Administration) | 3 | $909,000 | $303,000 | $415,000 | $84,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 555 | $11,958,000 | $21,000 | $586,000 | $63,000 | $250,000 |
| Loan Originated | 441 | $35,189,000 | $79,000 | $662,000 | $92,000 | $595,000 |
| File Closed For Incompleteness | 215 | $5,304,000 | $24,000 | $680,000 | $79,000 | $248,000 |
| Application Withdrawn By Applicant | 69 | $5,504,000 | $79,000 | $1,500,000 | $89,000 | $517,000 |
| Application Approved But Not Accepted | 48 | $3,819,000 | $79,000 | $424,000 | $95,000 | $574,000 |
| 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 | 405 | $6,939,000 | $17,000 | $200,000 | $61,000 | $218,000 |
| Debt-To-Income Ratio | 132 | $4,266,000 | $32,000 | $586,000 | $67,000 | $250,000 |
| Collateral | 10 | $510,000 | $51,000 | $312,000 | $66,000 | $134,000 |
| Employment History | 4 | $121,000 | $30,000 | $75,000 | $67,000 | $90,000 |
| Other | 2 | $75,000 | $37,000 | $50,000 | $90,000 | $107,000 |
| Unverifiable Information | 1 | $25,000 | $25,000 | $25,000 | $228,000 | $228,000 |
| Mortgage Insurance Denied | 1 | $22,000 | $22,000 | $22,000 | $125,000 | $125,000 |
| Credit Application Incomplete | 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 South Central Bank, National Association's 2016 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 South Central Bank, National Association'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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