State Bank of Lincoln Mortgage Lending & HMDA Data, 2018
In 2018, State Bank of Lincoln of Lincoln, IL reported 520 mortgage applications totaling $53.8 million, down 28% from 2017. The average application was for $103,500, and applicants reported an average income of $69,763. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Champaign-Urbana, IL (64), Bloomington, IL (58) and Decatur, IL (30) (applications in parentheses).
| Mortgage Company & Address | State Bank of Lincoln 508 Broadway Street Lincoln, IL 62656 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 520 |
| Total Mortgage Loan Application Amount | $53,820,000 |
| Average Mortgage Loan Application Amount | $103,500 |
| Highest Mortgage Loan Application Amount | $455,000 |
| Average Applicant Income | $69,763 |
| Highest Applicant Income | $561,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Bank of Lincoln filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 291 | $ 28,385,000 | $ 97,542 | $ 69,663 |
| Champaign-Urbana, IL | 64 | $ 6,870,000 | $ 107,343 | $ 66,000 |
| Bloomington, IL | 58 | $ 5,930,000 | $ 102,241 | $ 63,000 |
| Decatur, IL | 30 | $ 3,090,000 | $ 103,000 | $ 71,000 |
| Danville, IL | 18 | $ 1,580,000 | $ 87,777 | $ 59,000 |
| St. Louis, MO-IL | 16 | $ 2,220,000 | $ 138,750 | $ 91,000 |
| Peoria, IL | 10 | $ 1,140,000 | $ 114,000 | $ 68,000 |
| Carbondale-Marion, IL | 7 | $ 705,000 | $ 100,714 | $ 77,000 |
| Springfield, IL | 6 | $ 790,000 | $ 131,666 | $ 77,000 |
| Davenport-Moline-Rock Island, IA-IL | 3 | $ 165,000 | $ 55,000 | $ 69,000 |
| Evansville, IN-KY | 2 | $ 240,000 | $ 120,000 | $ 55,000 |
| Kankakee, IL | 2 | $ 220,000 | $ 110,000 | $ 51,000 |
| Terre Haute, IN | 2 | $ 150,000 | $ 75,000 | $ 41,000 |
| Dayton, OH | 1 | $ 205,000 | $ 205,000 | $ 95,000 |
| Elgin, IL | 1 | $ 85,000 | $ 85,000 | $ 41,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 165,000 | $ 165,000 | $ 64,000 |
| Joplin, MO | 1 | $ 155,000 | $ 155,000 | $ 65,000 |
| Kennewick-Richland, WA | 1 | $ 295,000 | $ 295,000 | $ 145,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 155,000 | $ 155,000 | $ 63,000 |
| Lynchburg, VA | 1 | $ 165,000 | $ 165,000 | $ 67,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 105,000 | $ 105,000 | $ 49,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 405,000 | $ 405,000 | $ 373,000 |
| New Orleans-Metairie, LA | 1 | $ 265,000 | $ 265,000 | $ 228,000 |
| Rockford, IL | 1 | $ 335,000 | $ 335,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for State Bank of Lincoln in 2018
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 | 417 | $42,265,000 | $101,000 | $405,000 | $67,000 | $554,000 |
| Refinancing | 59 | $7,285,000 | $123,000 | $455,000 | $80,000 | $234,000 |
| Cash-out Refinancing | 39 | $3,995,000 | $102,000 | $255,000 | $87,000 | $561,000 |
| Home Improvement | 3 | $225,000 | $75,000 | $145,000 | $59,000 | $86,000 |
| Other Purpose | 2 | $50,000 | $25,000 | $25,000 | $24,000 | $29,000 |
| 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 | 496 | $51,900,000 | $104,000 | $455,000 | $70,000 | $561,000 |
| Hispanic | 8 | $530,000 | $66,000 | $95,000 | $34,000 | $56,000 |
| Black or African American | 5 | $335,000 | $67,000 | $85,000 | $63,000 | $106,000 |
| Not Provided | 4 | $480,000 | $120,000 | $205,000 | $95,000 | $163,000 |
| Asian | 3 | $335,000 | $111,000 | $195,000 | $39,000 | $50,000 |
| Not applicable | 2 | $80,000 | $40,000 | $55,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $38,000 | $38,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $29,000 | $29,000 |
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) | 335 | $36,625,000 | $109,000 | $455,000 | $81,000 | $561,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 163 | $14,445,000 | $88,000 | $195,000 | $47,000 | $96,000 |
| FHA-insured (Federal Housing Administration) | 16 | $1,940,000 | $121,000 | $215,000 | $65,000 | $113,000 |
| VA-guaranteed (Veterans Administration) | 6 | $810,000 | $135,000 | $305,000 | $75,000 | $121,000 |
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 | 486 | $51,010,000 | $104,000 | $455,000 | $70,000 | $561,000 |
| Application Approved But Not Accepted | 20 | $1,730,000 | $86,000 | $205,000 | $65,000 | $163,000 |
| Application Denied By Financial Institution | 12 | $1,000,000 | $83,000 | $175,000 | $41,000 | $70,000 |
| Application Withdrawn By Applicant | 2 | $80,000 | $40,000 | $75,000 | $39,000 | $58,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 508 | $52,820,000 | $103,000 | $455,000 | $70,000 | $561,000 |
| Debt-To-Income Ratio | 7 | $695,000 | $99,000 | $175,000 | $41,000 | $62,000 |
| Collateral | 2 | $110,000 | $55,000 | $65,000 | $23,000 | $23,000 |
| Credit History | 2 | $160,000 | $80,000 | $85,000 | $54,000 | $70,000 |
| Other | 1 | $35,000 | $35,000 | $35,000 | $38,000 | $38,000 |
| Unverifiable Information | 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into State Bank of Lincoln's 2018 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 State Bank of Lincoln'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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