Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2005
In 2005, Itasca Bank & Trust Co. of Itasca, IL reported 108 mortgage applications totaling $8.1 million, down 16% from 2004. The average application was for $74,805, and applicants reported an average income of $45,222. 60% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Flint, MI (57), Saginaw-Saginaw Township North, MI (40) and Warren-Farmington Hills-Troy, MI (2) (applications in parentheses).
| Mortgage Company & Address | Itasca Bank & Trust Co. 308 W. Irving Park Road Itasca, IL 60143 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 108 |
| Total Mortgage Loan Application Amount | $8,079,000 |
| Average Mortgage Loan Application Amount | $74,805 |
| Highest Mortgage Loan Application Amount | $200,000 |
| Average Applicant Income | $45,222 |
| Highest Applicant Income | $204,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Flint, MI | 57 | $ 4,100,000 | $ 71,929 | $ 43,000 |
| Saginaw-Saginaw Township North, MI | 40 | $ 3,407,000 | $ 85,175 | $ 37,000 |
| Warren-Farmington Hills-Troy, MI | 2 | $ 171,000 | $ 85,500 | $ 72,000 |
Mortgage Loan Application Detail Totals for Itasca Bank & Trust Co. in 2005
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 |
|---|---|---|---|---|---|---|
| Refinancing | 59 | $5,028,000 | $85,000 | $200,000 | $45,000 | $204,000 |
| Home Purchase | 31 | $1,960,000 | $33,000 | $147,000 | $40,500 | $146,000 |
| Home Improvement | 18 | $1,091,000 | $60,000 | $113,000 | $42,000 | $93,000 |
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 | 104 | $7,664,000 | $37,500 | $200,000 | $39,500 | $204,000 |
| Black or African American | 2 | $178,000 | $89,000 | $93,000 | $23,000 | $25,000 |
| Hispanic | 1 | $137,000 | $137,000 | $137,000 | $44,000 | $44,000 |
| American Indian or Alaskan Native | 1 | $100,000 | $100,000 | $100,000 | $77,000 | $77,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 107 | $8,069,000 | $38,500 | $200,000 | $39,500 | $204,000 |
| FHA-insured (Federal Housing Administration) | 1 | $10,000 | $10,000 | $10,000 | $41,000 | $41,000 |
| 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 | 65 | $4,796,000 | $73,000 | $200,000 | $47,000 | $204,000 |
| Application Denied By Financial Institution | 31 | $2,549,000 | $82,000 | $170,000 | $40,000 | $145,000 |
| Application Approved But Not Accepted | 6 | $381,000 | $63,000 | $137,000 | $79,000 | $146,000 |
| Application Withdrawn By Applicant | 5 | $352,000 | $70,000 | $124,000 | $32,000 | $42,000 |
| Preapproval Denied by Financial Institution | 1 | $1,000 | $1,000 | $1,000 | $33,000 | $33,000 |
| 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 |
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 | $1,386,000 | $72,000 | $124,000 | $48,000 | $145,000 |
| Debt-To-Income Ratio | 9 | $828,000 | $52,000 | $170,000 | $31,000 | $56,000 |
| Collateral | 2 | $189,000 | $94,000 | $155,000 | $68,000 | $105,000 |
| Employment History | 1 | $81,000 | $81,000 | $81,000 | $15,000 | $15,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $66,000 | $66,000 | $66,000 | $17,000 | $17,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Itasca Bank & Trust Co.'s 2005 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 Itasca Bank & Trust Co.'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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