Bar Harbor Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Bar Harbor Bank & Trust of Bar Harbor, ME reported 1,905 mortgage applications totaling $617.0 million, down 19% from 2020. The average application was for $323,860, and applicants reported an average income of $146,769. 69% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Manchester-Nashua, NH (188), Portland-South Portland, ME (71) and Bangor, ME (58) (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 | 1,905 |
| Total Mortgage Loan Application Amount | $616,955,000 |
| Average Mortgage Loan Application Amount | $323,860 |
| Highest Mortgage Loan Application Amount | $25,185,000 |
| Average Applicant Income | $146,769 |
| Highest Applicant Income | $1,622,000 |
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(HMDA) records Bar Harbor Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 | 817 | $327,805,000 | $401,000 | $25,185,000 | $165,000 | $1,622,000 |
| Refinancing | 536 | $145,530,000 | $271,000 | $14,505,000 | $142,000 | $960,000 |
| Cash-out Refinancing | 501 | $133,885,000 | $267,000 | $2,745,000 | $123,000 | $1,209,000 |
| Other Purpose | 27 | $5,435,000 | $201,000 | $545,000 | $152,000 | $600,000 |
| Home Improvement | 24 | $4,300,000 | $179,000 | $675,000 | $123,000 | $281,000 |
| 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 | 1,575 | $407,515,000 | $258,000 | $2,745,000 | $142,000 | $1,622,000 |
| Not Provided | 141 | $50,805,000 | $360,000 | $2,035,000 | $189,000 | $960,000 |
| Not applicable | 114 | $136,400,000 | $1,196,000 | $25,185,000 | $0 | $0 |
| Asian | 28 | $9,320,000 | $332,000 | $965,000 | $154,000 | $745,000 |
| Hispanic | 25 | $8,185,000 | $327,000 | $905,000 | $179,000 | $780,000 |
| American Indian or Alaskan Native | 13 | $3,185,000 | $245,000 | $625,000 | $141,000 | $444,000 |
| Black or African American | 2 | $410,000 | $205,000 | $315,000 | $67,000 | $134,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $29,000 | $29,000 |
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) | 1,902 | $616,290,000 | $324,000 | $25,185,000 | $147,000 | $1,622,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $665,000 | $221,000 | $285,000 | $54,000 | $60,000 |
| 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 | 1,321 | $432,885,000 | $327,000 | $25,185,000 | $149,000 | $1,622,000 |
| Application Withdrawn By Applicant | 246 | $74,660,000 | $303,000 | $1,965,000 | $169,000 | $1,330,000 |
| Application Denied By Financial Institution | 195 | $47,435,000 | $243,000 | $2,005,000 | $98,000 | $900,000 |
| File Closed For Incompleteness | 72 | $17,700,000 | $245,000 | $1,505,000 | $157,000 | $745,000 |
| Loan Purchased By The Institution | 62 | $41,940,000 | $676,000 | $2,395,000 | $0 | $0 |
| Application Approved But Not Accepted | 9 | $2,335,000 | $259,000 | $715,000 | $88,000 | $170,000 |
| 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 | 1,710 | $569,520,000 | $333,000 | $25,185,000 | $152,000 | $1,622,000 |
| Debt-To-Income Ratio | 97 | $27,015,000 | $278,000 | $2,005,000 | $70,000 | $900,000 |
| Credit History | 45 | $7,685,000 | $170,000 | $455,000 | $109,000 | $390,000 |
| Collateral | 29 | $7,505,000 | $258,000 | $1,195,000 | $142,000 | $556,000 |
| Credit Application Incomplete | 8 | $2,130,000 | $266,000 | $775,000 | $192,000 | $689,000 |
| Unverifiable Information | 6 | $1,410,000 | $235,000 | $465,000 | $105,000 | $225,000 |
| Other | 5 | $625,000 | $125,000 | $265,000 | $56,000 | $76,000 |
| Employment History | 3 | $665,000 | $221,000 | $285,000 | $107,000 | $166,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $400,000 | $200,000 | $245,000 | $78,000 | $108,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bar Harbor Bank & Trust's 2021 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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