Bar Harbor Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Bar Harbor Bank & Trust of Bar Harbor, ME reported 432 mortgage applications totaling $116.4 million, down 16% from 2014. The average application was for $269,421, and applicants reported an average income of $90,057. 44% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Portland-South Portland, ME (36), Rockingham County-Strafford County, NH (26) and Cambridge-Newton-Framingham, MA (22) (applications in parentheses).
| Mortgage Company & Address | Bar Harbor Bank & Trust 82 Main Street Bar Harbor, ME 04609 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 432 |
| Total Mortgage Loan Application Amount | $116,390,000 |
| Average Mortgage Loan Application Amount | $269,421 |
| Highest Mortgage Loan Application Amount | $1,777,000 |
| Average Applicant Income | $90,057 |
| Highest Applicant Income | $2,822,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bar Harbor Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Bar Harbor Bank & Trust in 2015
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 | 235 | $70,274,000 | $299,000 | $1,777,000 | $78,000 | $650,000 |
| Refinancing | 125 | $31,615,000 | $252,000 | $1,540,000 | $107,000 | $2,822,000 |
| Home Improvement | 72 | $14,501,000 | $201,000 | $1,000,000 | $100,000 | $1,247,000 |
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 | 292 | $52,910,000 | $181,000 | $1,540,000 | $116,000 | $2,822,000 |
| Not applicable | 110 | $56,168,000 | $510,000 | $1,777,000 | $0 | $0 |
| Not Provided | 21 | $5,549,000 | $264,000 | $1,000,000 | $176,000 | $650,000 |
| Black or African American | 5 | $784,000 | $156,000 | $340,000 | $99,000 | $272,000 |
| American Indian or Alaskan Native | 2 | $620,000 | $310,000 | $310,000 | $450,000 | $450,000 |
| Asian | 1 | $230,000 | $230,000 | $230,000 | $96,000 | $96,000 |
| Hispanic | 1 | $129,000 | $129,000 | $129,000 | $58,000 | $58,000 |
| 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) | 432 | $116,390,000 | $269,000 | $1,777,000 | $90,000 | $2,822,000 |
| 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 | 190 | $36,825,000 | $193,000 | $1,540,000 | $115,000 | $1,247,000 |
| Loan Purchased By The Institution | 95 | $52,381,000 | $551,000 | $1,777,000 | $0 | $0 |
| Application Denied By Financial Institution | 86 | $13,962,000 | $162,000 | $1,000,000 | $115,000 | $2,822,000 |
| Application Withdrawn By Applicant | 30 | $6,340,000 | $211,000 | $1,500,000 | $128,000 | $450,000 |
| File Closed For Incompleteness | 20 | $4,049,000 | $202,000 | $1,500,000 | $112,000 | $634,000 |
| Application Approved But Not Accepted | 11 | $2,833,000 | $257,000 | $808,000 | $97,000 | $239,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bar Harbor Bank & Trust's 2015 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 Bar Harbor Bank & Trust'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.
For a list of all lenders in Maine, download the full spreadsheet
with aggregated HMDA statistics today.
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