Waterman State Bank Mortgage Lending & HMDA Data, 2022
In 2022, Waterman State Bank of Waterman, IL reported 377 mortgage applications totaling $127.5 million. The average application was for $338,236, and applicants reported an average income of $152,381. 85% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Chicago-Naperville, IL (203), West Palm Beach-Boca Raton-Delray Beach, FL (22) and Lake County-Kenosha County, IL-WI (21) (applications in parentheses).
| Mortgage Company & Address | Waterman State Bank 248 W Lincoln Hwy Waterman, IL 60556 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 |
| Total Number of Mortgage Applications | 377 |
| Total Mortgage Loan Application Amount | $127,515,000 |
| Average Mortgage Loan Application Amount | $338,236 |
| Highest Mortgage Loan Application Amount | $2,385,000 |
| Average Applicant Income | $152,381 |
| Highest Applicant Income | $1,174,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Waterman State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cook, Illinois | 156 | $ 53,100,000 | $ 340,384 | $ 154,000 |
| DuPage, Illinois | 24 | $ 7,060,000 | $ 294,166 | $ 135,000 |
| Palm Beach, Florida | 22 | $ 7,520,000 | $ 341,818 | $ 119,000 |
| Lake, Illinois | 21 | $ 9,515,000 | $ 453,095 | $ 213,000 |
| Kane, Illinois | 14 | $ 4,040,000 | $ 288,571 | $ 99,000 |
| Will, Illinois | 12 | $ 3,910,000 | $ 325,833 | $ 95,000 |
| McHenry, Illinois | 10 | $ 2,540,000 | $ 254,000 | $ 145,000 |
| Riverside, California | 4 | $ 2,740,000 | $ 685,000 | $ 254,000 |
| Henry, Georgia | 4 | $ 1,130,000 | $ 282,500 | $ 94,000 |
| Maricopa, Arizona | 3 | $ 1,345,000 | $ 448,333 | $ 222,000 |
| Los Angeles, California | 3 | $ 1,735,000 | $ 578,333 | $ 246,000 |
| Broward, Florida | 3 | $ 2,805,000 | $ 935,000 | $ 378,000 |
| Butts, Georgia | 3 | $ 895,000 | $ 298,333 | $ 148,000 |
| Winnebago, Illinois | 3 | $ 435,000 | $ 145,000 | $ 62,000 |
| San Bernardino, California | 2 | $ 480,000 | $ 240,000 | $ 113,000 |
| Charlotte, Florida | 2 | $ 600,000 | $ 300,000 | $ 129,000 |
| Marion, Florida | 2 | $ 870,000 | $ 435,000 | $ 481,000 |
| St. Lucie, Florida | 2 | $ 700,000 | $ 350,000 | $ 148,000 |
| DeKalb, Georgia | 2 | $ 520,000 | $ 260,000 | $ 103,000 |
| Fulton, Georgia | 2 | $ 470,000 | $ 235,000 | $ 97,000 |
| Newton, Georgia | 2 | $ 440,000 | $ 220,000 | $ 188,000 |
| Lee, Illinois | 2 | $ 230,000 | $ 115,000 | $ 59,000 |
| Boone, Indiana | 2 | $ 840,000 | $ 420,000 | $ 122,000 |
| Plymouth, Massachusetts | 2 | $ 610,000 | $ 305,000 | $ 159,000 |
| Oakland, Michigan | 2 | $ 490,000 | $ 245,000 | $ 241,000 |
| Mecklenburg, North Carolina | 2 | $ 280,000 | $ 140,000 | $ 137,000 |
| Multnomah, Oregon | 2 | $ 680,000 | $ 340,000 | $ 146,000 |
| Charleston, South Carolina | 2 | $ 1,290,000 | $ 645,000 | $ 203,000 |
| Hill, Texas | 2 | $ 280,000 | $ 140,000 | $ 60,000 |
| Tarrant, Texas | 2 | $ 390,000 | $ 195,000 | $ 137,000 |
| Travis, Texas | 2 | $ 1,050,000 | $ 525,000 | $ 130,000 |
| Walworth, Wisconsin | 2 | $ 1,060,000 | $ 530,000 | $ 373,000 |
| Waukesha, Wisconsin | 2 | $ 790,000 | $ 395,000 | $ 107,000 |
| Baldwin, Alabama | 1 | $ 335,000 | $ 335,000 | $ 231,000 |
| Cullman, Alabama | 1 | $ 335,000 | $ 335,000 | $ 56,000 |
| Garland, Arkansas | 1 | $ 205,000 | $ 205,000 | $ 55,000 |
| San Diego, California | 1 | $ 265,000 | $ 265,000 | $ 145,000 |
| Ventura, California | 1 | $ 375,000 | $ 375,000 | $ 180,000 |
| District of Columbia, District Of Columbia | 1 | $ 345,000 | $ 345,000 | $ 100,000 |
| Citrus, Florida | 1 | $ 105,000 | $ 105,000 | $ 71,000 |
| Lee, Florida | 1 | $ 285,000 | $ 285,000 | $ 591,000 |
| Martin, Florida | 1 | $ 485,000 | $ 485,000 | $ 185,000 |
| Miami-Dade, Florida | 1 | $ 225,000 | $ 225,000 | $ 200,000 |
| Pasco, Florida | 1 | $ 175,000 | $ 175,000 | $ 72,000 |
| Pinellas, Florida | 1 | $ 385,000 | $ 385,000 | $ 260,000 |
| St. Johns, Florida | 1 | $ 415,000 | $ 415,000 | $ 103,000 |
| Volusia, Florida | 1 | $ 265,000 | $ 265,000 | $ 350,000 |
| Coweta, Georgia | 1 | $ 185,000 | $ 185,000 | $ 42,000 |
| Fayette, Georgia | 1 | $ 315,000 | $ 315,000 | $ 105,000 |
| Gwinnett, Georgia | 1 | $ 255,000 | $ 255,000 | $ 60,000 |
| Jasper, Georgia | 1 | $ 445,000 | $ 445,000 | $ 105,000 |
| Morgan, Georgia | 1 | $ 565,000 | $ 565,000 | $ 239,000 |
| Spalding, Georgia | 1 | $ 125,000 | $ 125,000 | $ 102,000 |
| Twiggs, Georgia | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Walton, Georgia | 1 | $ 195,000 | $ 195,000 | $ 53,000 |
| Kootenai, Idaho | 1 | $ 445,000 | $ 445,000 | $ 184,000 |
| DeKalb, Illinois | 1 | $ 75,000 | $ 75,000 | $ 222,000 |
| Grundy, Illinois | 1 | $ 175,000 | $ 175,000 | $ 39,000 |
| Iroquois, Illinois | 1 | $ 275,000 | $ 275,000 | $ 96,000 |
| Kankakee, Illinois | 1 | $ 175,000 | $ 175,000 | $ 65,000 |
| LaSalle, Illinois | 1 | $ 155,000 | $ 155,000 | $ 66,000 |
| Ogle, Illinois | 1 | $ 135,000 | $ 135,000 | $ 62,000 |
| Allen, Indiana | 1 | $ 265,000 | $ 265,000 | $ 80,000 |
| Johnson, Indiana | 1 | $ 475,000 | $ 475,000 | $ 144,000 |
| Porter, Indiana | 1 | $ 235,000 | $ 235,000 | $ 126,000 |
| St. Joseph, Indiana | 1 | $ 555,000 | $ 555,000 | $ 237,000 |
| White, Indiana | 1 | $ 245,000 | $ 245,000 | $ 219,000 |
| Jackson, Iowa | 1 | $ 135,000 | $ 135,000 | $ 249,000 |
| Polk, Iowa | 1 | $ 195,000 | $ 195,000 | $ 85,000 |
| Allegan, Michigan | 1 | $ 345,000 | $ 345,000 | $ 242,000 |
| Macomb, Michigan | 1 | $ 255,000 | $ 255,000 | $ 290,000 |
| Hinds, Mississippi | 1 | $ 85,000 | $ 85,000 | $ 31,000 |
| Somerset, New Jersey | 1 | $ 295,000 | $ 295,000 | $ 93,000 |
| Gaston, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 69,000 |
| Chester, Pennsylvania | 1 | $ 555,000 | $ 555,000 | $ 134,000 |
| Beaufort, South Carolina | 1 | $ 285,000 | $ 285,000 | $ 147,000 |
| Sevier, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 112,000 |
| Dallas, Texas | 1 | $ 375,000 | $ 375,000 | $ 87,000 |
| Denton, Texas | 1 | $ 305,000 | $ 305,000 | $ 75,000 |
| Galveston, Texas | 1 | $ 645,000 | $ 645,000 | $ 237,000 |
| Henderson, Texas | 1 | $ 155,000 | $ 155,000 | $ 53,000 |
| Kaufman, Texas | 1 | $ 375,000 | $ 375,000 | $ 155,000 |
| Rockwall, Texas | 1 | $ 235,000 | $ 235,000 | $ 156,000 |
| Fairfax, Virginia | 1 | $ 495,000 | $ 495,000 | $ 350,000 |
| Norfolk, Virginia | 1 | $ 255,000 | $ 255,000 | $ 244,000 |
| Clark, Washington | 1 | $ 395,000 | $ 395,000 | $ 125,000 |
| Snohomish, Washington | 1 | $ 445,000 | $ 445,000 | $ 65,000 |
| Marinette, Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 116,000 |
| Rock, Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 100,000 |
| St. Croix, Wisconsin | 1 | $ 575,000 | $ 575,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for Waterman State Bank in 2022
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 | 285 | $99,925,000 | $350,000 | $2,385,000 | $152,000 | $1,174,000 |
| Refinancing | 57 | $16,415,000 | $287,000 | $645,000 | $149,000 | $591,000 |
| Cash-out Refinancing | 35 | $11,175,000 | $319,000 | $645,000 | $161,000 | $564,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 261 | $92,395,000 | $354,000 | $2,385,000 | $161,000 | $1,174,000 |
| Hispanic | 44 | $11,200,000 | $254,000 | $575,000 | $95,000 | $325,000 |
| Not Provided | 29 | $9,515,000 | $328,000 | $645,000 | $164,000 | $422,000 |
| Black or African American | 24 | $7,080,000 | $295,000 | $665,000 | $120,000 | $219,000 |
| Asian | 19 | $7,325,000 | $385,000 | $965,000 | $181,000 | $360,000 |
| American Indian or Alaskan Native | 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 |
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) | 347 | $117,925,000 | $339,000 | $2,385,000 | $157,000 | $1,174,000 |
| FHA-insured (Federal Housing Administration) | 28 | $8,870,000 | $316,000 | $735,000 | $98,000 | $218,000 |
| VA-guaranteed (Veterans Administration) | 2 | $720,000 | $360,000 | $535,000 | $91,000 | $140,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 321 | $109,625,000 | $341,000 | $2,385,000 | $156,000 | $1,174,000 |
| Application Withdrawn By Applicant | 41 | $13,045,000 | $318,000 | $965,000 | $124,000 | $400,000 |
| Application Denied By Financial Institution | 14 | $4,750,000 | $339,000 | $645,000 | $142,000 | $371,000 |
| Application Approved But Not Accepted | 1 | $95,000 | $95,000 | $95,000 | $66,000 | $66,000 |
| 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 | 363 | $122,765,000 | $338,000 | $2,385,000 | $152,000 | $1,174,000 |
| Debt-To-Income Ratio | 7 | $2,485,000 | $355,000 | $515,000 | $86,000 | $185,000 |
| Collateral | 3 | $865,000 | $288,000 | $375,000 | $165,000 | $200,000 |
| Other | 2 | $850,000 | $425,000 | $645,000 | $224,000 | $277,000 |
| Unverifiable Information | 1 | $435,000 | $435,000 | $435,000 | $371,000 | $371,000 |
| Credit History | 1 | $115,000 | $115,000 | $115,000 | $72,000 | $72,000 |
| 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 Waterman State Bank's 2022 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 Waterman State 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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