Bar Harbor Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Bar Harbor Bank & Trust of Bar Harbor, ME reported 970 mortgage applications totaling $249.3 million, down 39% from 2022. The average application was for $256,969, and applicants reported an average income of $168,037. 63% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Manchester-Nashua, NH (120), Bangor, ME (51) and Rockingham County-Strafford County, NH (34) (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 | 970 |
| Total Mortgage Loan Application Amount | $249,260,000 |
| Average Mortgage Loan Application Amount | $256,969 |
| Highest Mortgage Loan Application Amount | $3,305,000 |
| Average Applicant Income | $168,037 |
| Highest Applicant Income | $2,209,000 |
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(HMDA) records Bar Harbor Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023
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 | 341 | $146,555,000 | $429,000 | $3,305,000 | $212,000 | $2,084,000 |
| Home Improvement | 232 | $26,010,000 | $112,000 | $2,295,000 | $135,000 | $1,599,000 |
| Other Purpose | 196 | $30,120,000 | $153,000 | $1,825,000 | $160,000 | $2,209,000 |
| Refinancing | 124 | $25,300,000 | $204,000 | $1,805,000 | $149,000 | $842,000 |
| Cash-out Refinancing | 77 | $21,275,000 | $276,000 | $2,035,000 | $124,000 | $544,000 |
| 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 | 755 | $175,245,000 | $232,000 | $3,075,000 | $156,000 | $1,985,000 |
| Not Provided | 132 | $38,110,000 | $288,000 | $2,245,000 | $200,000 | $2,209,000 |
| Not applicable | 27 | $13,755,000 | $509,000 | $3,305,000 | $0 | $0 |
| Hispanic | 25 | $13,095,000 | $523,000 | $2,995,000 | $309,000 | $2,084,000 |
| Asian | 18 | $6,600,000 | $366,000 | $935,000 | $178,000 | $635,000 |
| American Indian or Alaskan Native | 8 | $1,690,000 | $211,000 | $805,000 | $245,000 | $733,000 |
| Black or African American | 3 | $685,000 | $228,000 | $425,000 | $143,000 | $272,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $80,000 | $40,000 | $45,000 | $134,000 | $187,000 |
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) | 967 | $248,525,000 | $257,000 | $3,305,000 | $168,000 | $2,209,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $580,000 | $290,000 | $365,000 | $78,000 | $98,000 |
| FHA-insured (Federal Housing Administration) | 1 | $155,000 | $155,000 | $155,000 | $44,000 | $44,000 |
| 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 | 615 | $161,505,000 | $262,000 | $3,305,000 | $179,000 | $2,209,000 |
| Application Denied By Financial Institution | 195 | $39,945,000 | $204,000 | $2,425,000 | $121,000 | $894,000 |
| Application Withdrawn By Applicant | 118 | $35,330,000 | $299,000 | $2,295,000 | $185,000 | $1,985,000 |
| File Closed For Incompleteness | 39 | $11,755,000 | $301,000 | $2,995,000 | $170,000 | $2,084,000 |
| Application Approved But Not Accepted | 3 | $725,000 | $241,000 | $505,000 | $115,000 | $184,000 |
| 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 | 775 | $209,315,000 | $270,000 | $3,305,000 | $179,000 | $2,209,000 |
| Debt-To-Income Ratio | 95 | $21,035,000 | $221,000 | $1,805,000 | $99,000 | $761,000 |
| Credit History | 57 | $6,115,000 | $107,000 | $345,000 | $101,000 | $586,000 |
| Collateral | 31 | $8,175,000 | $263,000 | $2,245,000 | $183,000 | $894,000 |
| Employment History | 4 | $400,000 | $100,000 | $175,000 | $73,000 | $140,000 |
| Credit Application Incomplete | 2 | $160,000 | $80,000 | $155,000 | $177,000 | $302,000 |
| Other | 2 | $2,720,000 | $1,360,000 | $2,425,000 | $364,000 | $618,000 |
| Unverifiable Information | 2 | $790,000 | $395,000 | $725,000 | $294,000 | $450,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $265,000 | $265,000 | $265,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $285,000 | $285,000 | $285,000 | $567,000 | $567,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bar Harbor Bank & Trust's 2023 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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