West Pointe Bank and Trust Co Mortgage Lending & HMDA Data, 2004
In 2004, West Pointe Bank and Trust Co of Belleville, IL reported 384 mortgage applications totaling $36.8 million, down 36% from 2003. The average application was for $95,841, and applicants reported an average income of $62,419. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were St. Louis, MO-IL (7), Cape Coral-Fort Myers, FL (2) and Boulder, CO (1) (applications in parentheses).
| Mortgage Company & Address | West Pointe Bank and Trust Co 5701 West Main Street Belleville, IL 62226 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 384 |
| Total Mortgage Loan Application Amount | $36,803,000 |
| Average Mortgage Loan Application Amount | $95,841 |
| Highest Mortgage Loan Application Amount | $557,000 |
| Average Applicant Income | $62,419 |
| Highest Applicant Income | $536,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records West Pointe Bank and Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| St. Louis, MO-IL | 7 | $ 936,000 | $ 133,714 | $ 106,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 265,000 | $ 132,500 | $ 68,000 |
| Boulder, CO | 1 | $ 525,000 | $ 525,000 | $ 392,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 90,000 | $ 90,000 | $ 90,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 113,000 | $ 113,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for West Pointe Bank and Trust Co in 2004
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 | 188 | $19,354,000 | $179,500 | $557,000 | $154,833 | $536,000 |
| Refinancing | 144 | $15,773,000 | $182,750 | $480,000 | $91,000 | $380,000 |
| Home Improvement | 52 | $1,676,000 | $57,500 | $245,000 | $91,000 | $276,000 |
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 | 302 | $28,637,000 | $156,833 | $525,000 | $95,166 | $536,000 |
| Not applicable | 23 | $2,962,000 | $129,333 | $557,000 | $26,000 | $230,000 |
| Black or African American | 20 | $1,231,000 | $86,333 | $221,000 | $68,000 | $124,000 |
| Not Provided | 19 | $2,060,000 | $178,000 | $380,000 | $187,750 | $400,000 |
| Hispanic | 14 | $1,223,000 | $86,000 | $177,000 | $62,500 | $181,000 |
| American Indian or Alaskan Native | 3 | $128,000 | $45,000 | $61,000 | $19,000 | $45,000 |
| Asian | 3 | $562,000 | $187,000 | $480,000 | $61,000 | $89,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 384 | $36,803,000 | $161,000 | $557,000 | $138,000 | $536,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 321 | $30,749,000 | $171,500 | $557,000 | $156,166 | $536,000 |
| Application Denied By Financial Institution | 30 | $2,344,000 | $69,000 | $480,000 | $34,500 | $219,000 |
| Application Approved But Not Accepted | 12 | $1,276,000 | $106,000 | $308,000 | $64,000 | $258,000 |
| Application Withdrawn By Applicant | 10 | $1,132,000 | $113,000 | $328,000 | $56,000 | $140,000 |
| Preapproval Denied by Financial Institution | 5 | $485,000 | $97,000 | $190,000 | $37,000 | $47,000 |
| Preapproval Approved but not Accepted | 4 | $431,000 | $107,000 | $230,000 | $42,000 | $121,000 |
| File Closed For Incompleteness | 2 | $386,000 | $193,000 | $248,000 | $78,000 | $86,000 |
| Loan Purchased By The 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 | $1,525,000 | $85,500 | $297,000 | $42,500 | $219,000 |
| Debt-To-Income Ratio | 8 | $451,000 | $56,000 | $115,000 | $37,000 | $58,000 |
| Collateral | 4 | $230,000 | $57,000 | $128,000 | $31,000 | $50,000 |
| Employment History | 2 | $78,000 | $39,000 | $60,000 | $33,000 | $40,000 |
| Credit Application Incomplete | 1 | $480,000 | $480,000 | $480,000 | $89,000 | $89,000 |
| Other | 1 | $65,000 | $65,000 | $65,000 | $30,000 | $30,000 |
| Unverifiable Information | 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 West Pointe Bank and Trust Co's 2004 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 West Pointe Bank and 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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