State Bank of Lincoln Mortgage Lending & HMDA Data, 2015
In 2015, State Bank of Lincoln of Lincoln, IL reported 1,116 mortgage applications totaling $122.7 million, down 9% from 2014. The average application was for $109,910, and applicants reported an average income of $71,097. 94% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Champaign-Urbana, IL (105), St. Louis, MO-IL (95) and Bloomington, IL (76) (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 | 1,116 |
| Total Mortgage Loan Application Amount | $122,660,000 |
| Average Mortgage Loan Application Amount | $109,910 |
| Highest Mortgage Loan Application Amount | $1,092,000 |
| Average Applicant Income | $71,097 |
| Highest Applicant Income | $751,000 |
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(HMDA) records State Bank of Lincoln filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for State Bank of Lincoln in 2015
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 | 729 | $74,102,000 | $101,000 | $417,000 | $63,000 | $751,000 |
| Refinancing | 353 | $45,125,000 | $127,000 | $1,092,000 | $86,000 | $582,000 |
| Home Improvement | 34 | $3,433,000 | $100,000 | $274,000 | $90,000 | $532,000 |
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 | 1,074 | $117,271,000 | $109,000 | $417,000 | $71,000 | $751,000 |
| Black or African American | 13 | $1,107,000 | $85,000 | $250,000 | $43,000 | $88,000 |
| Hispanic | 10 | $814,000 | $81,000 | $151,000 | $90,000 | $400,000 |
| Not Provided | 10 | $1,687,000 | $168,000 | $414,000 | $97,000 | $236,000 |
| Asian | 5 | $460,000 | $92,000 | $162,000 | $85,000 | $124,000 |
| Not applicable | 3 | $1,213,000 | $404,000 | $1,092,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $108,000 | $108,000 | $108,000 | $31,000 | $31,000 |
| American Indian or Alaskan Native | 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) | 709 | $86,204,000 | $121,000 | $1,092,000 | $85,000 | $751,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 357 | $29,669,000 | $83,000 | $239,000 | $43,000 | $227,000 |
| FHA-insured (Federal Housing Administration) | 32 | $3,643,000 | $113,000 | $276,000 | $60,000 | $109,000 |
| VA-guaranteed (Veterans Administration) | 18 | $3,144,000 | $174,000 | $381,000 | $96,000 | $266,000 |
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 | 1,048 | $115,732,000 | $110,000 | $1,092,000 | $72,000 | $751,000 |
| Application Denied By Financial Institution | 35 | $3,477,000 | $99,000 | $309,000 | $51,000 | $227,000 |
| Application Approved But Not Accepted | 19 | $1,926,000 | $101,000 | $163,000 | $64,000 | $205,000 |
| Application Withdrawn By Applicant | 6 | $795,000 | $132,000 | $196,000 | $79,000 | $111,000 |
| File Closed For Incompleteness | 4 | $325,000 | $81,000 | $163,000 | $53,000 | $81,000 |
| Loan Purchased By The Institution | 4 | $405,000 | $101,000 | $166,000 | $53,000 | $67,000 |
| 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 | 19 | $1,311,000 | $69,000 | $122,000 | $53,000 | $227,000 |
| Debt-To-Income Ratio | 13 | $1,770,000 | $136,000 | $309,000 | $42,000 | $93,000 |
| Employment History | 1 | $101,000 | $101,000 | $101,000 | $60,000 | $60,000 |
| Collateral | 1 | $159,000 | $159,000 | $159,000 | $107,000 | $107,000 |
| Other | 1 | $136,000 | $136,000 | $136,000 | $69,000 | $69,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2015 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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