Bar Harbor Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Bar Harbor Bank & Trust of Bar Harbor, ME reported 1,209 mortgage applications totaling $295.3 million, down 18% from 2017. The average application was for $244,214, and applicants reported an average income of $139,697. 63% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Manchester-Nashua, NH (172), Barnstable Town, MA (87) and Rockingham County-Strafford County, NH (25) (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 | 1,209 |
| Total Mortgage Loan Application Amount | $295,255,000 |
| Average Mortgage Loan Application Amount | $244,214 |
| Highest Mortgage Loan Application Amount | $2,855,000 |
| Average Applicant Income | $139,697 |
| Highest Applicant Income | $1,818,000 |
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(HMDA) records Bar Harbor Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 707 | $184,695,000 | $261,000 | $2,855,000 | $145,000 | $1,360,000 |
| Cash-out Refinancing | 280 | $63,280,000 | $226,000 | $1,435,000 | $124,000 | $658,000 |
| Refinancing | 126 | $27,950,000 | $221,000 | $1,475,000 | $160,000 | $1,818,000 |
| Other Purpose | 43 | $5,445,000 | $126,000 | $605,000 | $110,000 | $412,000 |
| Home Improvement | 38 | $5,400,000 | $142,000 | $845,000 | $123,000 | $571,000 |
| Not Applicable | 15 | $8,485,000 | $565,000 | $1,435,000 | $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 | 708 | $149,230,000 | $210,000 | $2,855,000 | $134,000 | $1,818,000 |
| Not Provided | 287 | $67,705,000 | $235,000 | $1,335,000 | $153,000 | $1,100,000 |
| Not applicable | 185 | $71,325,000 | $385,000 | $1,805,000 | $0 | $0 |
| Asian | 12 | $2,690,000 | $224,000 | $405,000 | $101,000 | $216,000 |
| Hispanic | 6 | $1,450,000 | $241,000 | $525,000 | $198,000 | $308,000 |
| Black or African American | 4 | $670,000 | $167,000 | $405,000 | $71,000 | $88,000 |
| American Indian or Alaskan Native | 1 | $145,000 | $145,000 | $145,000 | $66,000 | $66,000 |
| 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) | 1,209 | $295,255,000 | $244,000 | $2,855,000 | $139,000 | $1,818,000 |
| 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 | 764 | $170,930,000 | $223,000 | $1,805,000 | $150,000 | $1,818,000 |
| Application Denied By Financial Institution | 154 | $32,060,000 | $208,000 | $1,475,000 | $97,000 | $658,000 |
| Loan Purchased By The Institution | 135 | $56,385,000 | $417,000 | $1,435,000 | $0 | $0 |
| Application Withdrawn By Applicant | 111 | $23,305,000 | $209,000 | $1,335,000 | $126,000 | $620,000 |
| Application Approved But Not Accepted | 29 | $9,835,000 | $339,000 | $2,855,000 | $174,000 | $709,000 |
| File Closed For Incompleteness | 16 | $2,740,000 | $171,000 | $645,000 | $76,000 | $187,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,055 | $263,195,000 | $249,000 | $2,855,000 | $147,000 | $1,818,000 |
| Debt-To-Income Ratio | 60 | $14,150,000 | $235,000 | $1,475,000 | $72,000 | $375,000 |
| Collateral | 40 | $8,540,000 | $213,000 | $1,005,000 | $129,000 | $658,000 |
| Credit History | 34 | $5,470,000 | $160,000 | $465,000 | $85,000 | $276,000 |
| Credit Application Incomplete | 9 | $2,465,000 | $273,000 | $605,000 | $177,000 | $317,000 |
| Unverifiable Information | 5 | $455,000 | $91,000 | $145,000 | $71,000 | $99,000 |
| Other | 3 | $365,000 | $121,000 | $125,000 | $85,000 | $114,000 |
| Employment History | 2 | $190,000 | $95,000 | $125,000 | $78,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $425,000 | $425,000 | $425,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bar Harbor Bank & Trust's 2018 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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