Applications / Mortgage Analytics / Lenders / Illinois / First American Bank
Elk Grove Village, IL · State non-member bank · FDIC · $8.1 billion assets · 2,588 loans in 2025
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2,588
loans originated, 2025
4,458
applications, 2025
30
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First American Bank is a Chicago-area bank, ranked 38 of 902 there, that makes mostly home-improvement and refinance loans, with a typical loan of $105,000 against $205,000 at similar banks.
Similar lenders are state non-member banks making between half and twice as many loans. Home improvement made up 35.5% of its loans, refinancing 32.2%, other purposes 19.1% and purchases 13.2%. Its typical loan was among the lowest of similar banks, and all its loans were conventional, while FHA loans (insured by the Federal Housing Administration) were 3.5% at similar banks.
Originations were 2,588 against 2,598, while similar banks' rose 13% and the whole market's 10%, lower growth than about nine in ten. Loan dollars rose to $518.4 million from $437.9 million. With few purchase loans, its volume rests on owners borrowing against their homes, which could explain the difference.
Loans in majority-minority areas were 24.2% against 8.6%, higher than about four in five similar banks. Loans in LMI (low- and moderate-income) areas were 12.8% against 15.7%, lower than about three in four, and LMI borrowers 27.2% against 28.6%. Chicago and Miami, among its largest markets, could shape both.
It lends in 30 states, and Miami, Tampa and Jacksonville are among its largest markets; its 2014 merger with Bank of Coral Gables may account for part of its presence there. In Milwaukee its share fell to 0.2% from 0.4%, which could reflect its flat volume.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First American Bank took 4,458 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 35.5% · Refinance 32.2% · Other 19.1% · Purchase 13.2%
Conventional 100.0% · of 2,588 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Illinois | 2,072 | 80.1% |
| Florida | 246 | 9.5% |
| Wisconsin | 139 | 5.4% |
| Indiana | 23 | 0.9% |
| California | 16 | 0.6% |
| Georgia | 10 | 0.4% |
| Arizona | 9 | 0.3% |
| Colorado | 9 | 0.3% |
| Michigan | 9 | 0.3% |
| Minnesota | 9 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 1,507 |
| Elgin | 291 |
| Lake County | 194 |
| Miami-Miami Beach-Kendall | 124 |
| Kenosha | 57 |
| Kankakee | 44 |
| Fort Lauderdale-Pompano Beach-Sunrise | 32 |
| Milwaukee-Waukesha | 30 |
| West Palm Beach-Boca Raton-Delray Beach | 18 |
| Port St. Lucie | 16 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | XC7Z0BA39TU7L1AKOJ12 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 850036 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 33657 | 1990–2017 |
| Respondent ID (the HMDA filer code before 2018) | 2850036 | 1995–2002 |
Established 26 March 1901. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First American Bank's data.
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