Bar Harbor Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Bar Harbor Bank & Trust of Bar Harbor, ME reported 2,344 mortgage applications totaling $605.5 million, up 59% from 2019. The average application was for $258,310, and applicants reported an average income of $152,347. 68% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Manchester-Nashua, NH (257), Portland-South Portland, ME (158) and Bangor, ME (88) (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 | 2,344 |
| Total Mortgage Loan Application Amount | $605,480,000 |
| Average Mortgage Loan Application Amount | $258,310 |
| Highest Mortgage Loan Application Amount | $8,875,000 |
| Average Applicant Income | $152,347 |
| Highest Applicant Income | $5,225,000 |
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(HMDA) records Bar Harbor Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 858 | $207,950,000 | $242,000 | $8,105,000 | $156,000 | $3,481,000 |
| Home Purchase | 855 | $263,645,000 | $308,000 | $8,875,000 | $167,000 | $5,225,000 |
| Cash-out Refinancing | 543 | $119,045,000 | $219,000 | $1,635,000 | $126,000 | $1,298,000 |
| Other Purpose | 51 | $9,685,000 | $189,000 | $995,000 | $142,000 | $820,000 |
| Home Improvement | 37 | $5,155,000 | $139,000 | $425,000 | $130,000 | $639,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 2,010 | $484,510,000 | $241,000 | $3,675,000 | $150,000 | $5,225,000 |
| Not Provided | 162 | $48,800,000 | $301,000 | $1,375,000 | $176,000 | $1,268,000 |
| Not applicable | 80 | $48,150,000 | $601,000 | $8,875,000 | $0 | $0 |
| Asian | 31 | $9,035,000 | $291,000 | $685,000 | $157,000 | $440,000 |
| Hispanic | 21 | $4,835,000 | $230,000 | $585,000 | $129,000 | $372,000 |
| American Indian or Alaskan Native | 13 | $2,355,000 | $181,000 | $415,000 | $119,000 | $503,000 |
| Black or African American | 11 | $2,965,000 | $269,000 | $635,000 | $151,000 | $373,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $335,000 | $335,000 | $335,000 | $311,000 | $311,000 |
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) | 2,341 | $605,045,000 | $258,000 | $8,875,000 | $152,000 | $5,225,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $435,000 | $145,000 | $185,000 | $41,000 | $57,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 1,588 | $422,450,000 | $266,000 | $8,875,000 | $158,000 | $5,225,000 |
| Application Withdrawn By Applicant | 348 | $92,980,000 | $267,000 | $2,315,000 | $165,000 | $1,752,000 |
| Application Denied By Financial Institution | 313 | $67,635,000 | $216,000 | $1,605,000 | $105,000 | $1,167,000 |
| File Closed For Incompleteness | 89 | $21,155,000 | $237,000 | $1,195,000 | $168,000 | $901,000 |
| Application Approved But Not Accepted | 6 | $1,260,000 | $210,000 | $275,000 | $64,000 | $92,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 2,031 | $537,845,000 | $264,000 | $8,875,000 | $159,000 | $5,225,000 |
| Debt-To-Income Ratio | 130 | $29,080,000 | $223,000 | $865,000 | $71,000 | $398,000 |
| Collateral | 73 | $15,845,000 | $217,000 | $1,285,000 | $128,000 | $639,000 |
| Credit History | 63 | $9,435,000 | $149,000 | $505,000 | $128,000 | $778,000 |
| Credit Application Incomplete | 20 | $7,280,000 | $364,000 | $1,605,000 | $170,000 | $1,167,000 |
| Other | 10 | $2,250,000 | $225,000 | $765,000 | $128,000 | $253,000 |
| Employment History | 6 | $1,320,000 | $220,000 | $305,000 | $70,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,280,000 | $213,000 | $305,000 | $72,000 | $151,000 |
| Unverifiable Information | 4 | $960,000 | $240,000 | $455,000 | $140,000 | $200,000 |
| Mortgage Insurance Denied | 1 | $185,000 | $185,000 | $185,000 | $81,000 | $81,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bar Harbor Bank & Trust's 2020 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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