Bar Harbor Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Bar Harbor Bank & Trust of Bar Harbor, ME reported 1,597 mortgage applications totaling $538.1 million, down 16% from 2021. The average application was for $336,916, and applicants reported an average income of $151,736. 52% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Manchester-Nashua, NH (148), Bangor, ME (65) and Rockingham County-Strafford County, NH (55) (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 | 1,597 |
| Total Mortgage Loan Application Amount | $538,055,000 |
| Average Mortgage Loan Application Amount | $336,916 |
| Highest Mortgage Loan Application Amount | $46,005,000 |
| Average Applicant Income | $151,736 |
| Highest Applicant Income | $4,024,000 |
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(HMDA) records Bar Harbor Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 584 | $237,170,000 | $406,000 | $19,985,000 | $170,000 | $1,189,000 |
| Home Improvement | 304 | $82,750,000 | $272,000 | $46,005,000 | $146,000 | $2,993,000 |
| Refinancing | 225 | $130,235,000 | $578,000 | $39,195,000 | $141,000 | $1,121,000 |
| Cash-out Refinancing | 201 | $49,705,000 | $247,000 | $1,445,000 | $125,000 | $1,749,000 |
| Other Purpose | 168 | $22,730,000 | $135,000 | $2,005,000 | $145,000 | $4,024,000 |
| Not Applicable | 115 | $15,465,000 | $134,000 | $1,355,000 | $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 | 1,029 | $228,665,000 | $222,000 | $2,135,000 | $144,000 | $4,024,000 |
| Not applicable | 417 | $257,195,000 | $616,000 | $46,005,000 | $0 | $0 |
| Not Provided | 99 | $38,885,000 | $392,000 | $2,005,000 | $207,000 | $2,993,000 |
| Hispanic | 19 | $3,065,000 | $161,000 | $505,000 | $125,000 | $600,000 |
| Asian | 11 | $3,885,000 | $353,000 | $975,000 | $184,000 | $383,000 |
| American Indian or Alaskan Native | 10 | $1,460,000 | $146,000 | $305,000 | $323,000 | $2,250,000 |
| Black or African American | 7 | $3,215,000 | $459,000 | $1,505,000 | $155,000 | $358,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $400,000 | $200,000 | $215,000 | $130,000 | $180,000 |
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) | 1,594 | $537,190,000 | $337,000 | $46,005,000 | $152,000 | $4,024,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $865,000 | $288,000 | $365,000 | $70,000 | $80,000 |
| 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 | 823 | $347,465,000 | $422,000 | $46,005,000 | $159,000 | $2,993,000 |
| Loan Purchased By The Institution | 377 | $97,705,000 | $259,000 | $2,595,000 | $0 | $0 |
| Application Denied By Financial Institution | 188 | $34,540,000 | $183,000 | $1,055,000 | $99,000 | $1,488,000 |
| Application Withdrawn By Applicant | 151 | $40,305,000 | $266,000 | $2,135,000 | $176,000 | $4,024,000 |
| File Closed For Incompleteness | 54 | $17,060,000 | $315,000 | $1,525,000 | $161,000 | $639,000 |
| Application Approved But Not Accepted | 4 | $980,000 | $245,000 | $635,000 | $150,000 | $265,000 |
| 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 | 1,409 | $503,515,000 | $357,000 | $46,005,000 | $161,000 | $4,024,000 |
| Debt-To-Income Ratio | 90 | $19,920,000 | $221,000 | $1,055,000 | $63,000 | $236,000 |
| Credit History | 51 | $6,845,000 | $134,000 | $855,000 | $126,000 | $1,488,000 |
| Collateral | 32 | $5,520,000 | $172,000 | $705,000 | $151,000 | $675,000 |
| Unverifiable Information | 6 | $1,450,000 | $241,000 | $505,000 | $110,000 | $294,000 |
| Employment History | 5 | $485,000 | $97,000 | $215,000 | $103,000 | $239,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $220,000 | $110,000 | $155,000 | $55,000 | $71,000 |
| Other | 2 | $100,000 | $50,000 | $75,000 | $182,000 | $340,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $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 2022 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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