Finance Atlas

Banking & Mortgage-Lending Access in Illinois

1,925 FDIC-insured institutions (328 currently active) are recorded in Illinois in FDIC BankFind. HMDA 2024 data report an overall mortgage application denial rate of 24.1% in Illinois.

FDIC data as of 2026 · HMDA data year 2024 · Last export: June 20, 2026

1,925
FDIC institutions (total)
328
Currently active
24.1%
Overall denial rate (HMDA 2024)
203,770
Loans originated (2024)
This page is a reference catalog of provenanced public data. It informs and compares; it does not recommend lenders and gives no financial advice. HMDA denial-rate figures are reported statistics and do not establish why rates differ across applicant groups. To verify a lender's FDIC status, use FDIC BankFind. To file a complaint, visit the CFPB. To find a HUD-approved housing counselor: HUD.gov.

How many FDIC-insured institutions are in Illinois?

FDIC BankFind records 1,925 FDIC-insured institutions (all historical) in Illinois, of which 328 are currently active. Counts include banks, savings banks, and other insured depository institutions across all charter classes.

Metric Count
Total FDIC-insured institutions (historical) 1,925
Currently active 328

Source: FDIC BankFind (src:fdic:bankfind:2026). Verify: https://banks.data.fdic.gov/

What types of banks are chartered in Illinois?

FDIC uses charter class codes to categorize insured depository institutions. The breakdown for Illinois:

Charter class Description Count
NM State non-member bank (Fed non-member) 891
N National bank (OCC-chartered) 424
SL Savings institution (state-chartered S&L) 277
SM State member bank (Fed member) 146
SB Savings bank (state-chartered) 109
SI Savings institution (OTS-supervised) 64
NC Non-deposit trust company 9
OI Other insured institution 4
NS Non-member savings bank (state-chartered) 1

Source: FDIC BankFind (src:fdic:bankfind:2026). Charter class labels per FDIC BankFind official definitions.

What was the mortgage application denial rate in Illinois? (HMDA 2024)

HMDA 2024 data report an overall mortgage application denial rate of 24.1% in Illinois. The table below shows reported denial rates by applicant race where available in the HMDA dataset.

Methodology note: HMDA captures race where the applicant chose to report it. Denial rates reflect all recorded denial reasons (credit history, DTI, collateral, etc.) and do not establish why rates differ across groups. These figures are descriptive FFIEC statistics, not findings of lending discrimination.
Applicant group (reported) Denial rate
Overall 24.1%
White applicants 20.8%
Black applicants 39.2%
Black/White denial rate ratio 1.89x

Source: FFIEC HMDA (src:ffiec:hmda:2024). Verify: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=IL

Mortgage origination volume in Illinois (2024)

HMDA 2024 data record 203,770 originated mortgage loans in Illinois , totaling $55.8B , with an average loan size of $273,679.

Metric Value
Originated loans (2024) 203,770
Total origination volume $55.8B
Average loan size $273,679

Source: FFIEC HMDA (src:ffiec:hmda:2024).

Sources & provenance

FDIC data — source id src:fdic:bankfind:2026, as of 2026. Verify via FDIC BankFind: https://banks.data.fdic.gov/

HMDA data — source id src:ffiec:hmda:2024, data year 2024. Verify via FFIEC Data Browser: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=IL

Data exported June 20, 2026 · content hash 1bf1b03172df311d · machine-readable brief: /finance/states/il/context.md

Where to act