Bar Harbor Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Bar Harbor Bank & Trust of Bar Harbor, ME reported 1,471 mortgage applications totaling $370.4 million, up 22% from 2018. The average application was for $251,804, and applicants reported an average income of $144,980. 63% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Manchester-Nashua, NH (168), Bridgeport-Stamford-Norwalk, CT (54) and Portland-South Portland, ME (45) (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 | 1,471 |
| Total Mortgage Loan Application Amount | $370,405,000 |
| Average Mortgage Loan Application Amount | $251,804 |
| Highest Mortgage Loan Application Amount | $2,655,000 |
| Average Applicant Income | $144,980 |
| Highest Applicant Income | $5,266,000 |
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(HMDA) records Bar Harbor Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019
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 | 746 | $198,790,000 | $266,000 | $2,205,000 | $158,000 | $5,266,000 |
| Cash-out Refinancing | 357 | $80,365,000 | $225,000 | $965,000 | $122,000 | $1,163,000 |
| Refinancing | 235 | $65,185,000 | $277,000 | $2,655,000 | $144,000 | $773,000 |
| Other Purpose | 65 | $10,335,000 | $159,000 | $505,000 | $135,000 | $2,061,000 |
| Home Improvement | 42 | $5,280,000 | $125,000 | $655,000 | $130,000 | $1,043,000 |
| Not Applicable | 26 | $10,450,000 | $401,000 | $995,000 | $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 | 1,094 | $251,720,000 | $230,000 | $2,655,000 | $135,000 | $3,838,000 |
| Not applicable | 168 | $63,340,000 | $377,000 | $1,705,000 | $68,000 | $68,000 |
| Not Provided | 158 | $42,590,000 | $269,000 | $2,205,000 | $207,000 | $5,266,000 |
| Asian | 19 | $5,005,000 | $263,000 | $685,000 | $135,000 | $352,000 |
| Hispanic | 10 | $2,520,000 | $252,000 | $725,000 | $137,000 | $330,000 |
| Black or African American | 8 | $2,280,000 | $285,000 | $455,000 | $143,000 | $349,000 |
| American Indian or Alaskan Native | 6 | $1,150,000 | $191,000 | $405,000 | $63,000 | $120,000 |
| 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) | 1,471 | $370,405,000 | $251,000 | $2,655,000 | $144,000 | $5,266,000 |
| 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 | 923 | $224,005,000 | $242,000 | $2,655,000 | $146,000 | $3,838,000 |
| Application Denied By Financial Institution | 234 | $50,860,000 | $217,000 | $2,005,000 | $90,000 | $1,163,000 |
| Application Withdrawn By Applicant | 140 | $35,570,000 | $254,000 | $2,205,000 | $226,000 | $5,266,000 |
| Loan Purchased By The Institution | 119 | $46,905,000 | $394,000 | $1,625,000 | $0 | $0 |
| Application Approved But Not Accepted | 35 | $8,635,000 | $246,000 | $715,000 | $146,000 | $436,000 |
| File Closed For Incompleteness | 20 | $4,430,000 | $221,000 | $655,000 | $117,000 | $371,000 |
| 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 | 1,237 | $319,545,000 | $258,000 | $2,655,000 | $156,000 | $5,266,000 |
| Debt-To-Income Ratio | 96 | $23,720,000 | $247,000 | $885,000 | $62,000 | $190,000 |
| Credit History | 65 | $10,395,000 | $159,000 | $605,000 | $85,000 | $640,000 |
| Collateral | 51 | $10,325,000 | $202,000 | $565,000 | $128,000 | $1,163,000 |
| Credit Application Incomplete | 10 | $4,290,000 | $429,000 | $2,005,000 | $175,000 | $576,000 |
| Unverifiable Information | 4 | $480,000 | $120,000 | $155,000 | $126,000 | $280,000 |
| Other | 3 | $515,000 | $171,000 | $255,000 | $72,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $885,000 | $295,000 | $605,000 | $142,000 | $156,000 |
| Employment History | 2 | $250,000 | $125,000 | $215,000 | $59,000 | $68,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bar Harbor Bank & Trust's 2019 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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