City National Bank & Trust Co Mortgage Lending & HMDA Data, 2003
In 2003, City National Bank & Trust Co of Gloversville, NY reported 337 mortgage applications totaling $23.0 million. The average application was for $68,272, and applicants reported an average income of $56,679. 61% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Albany-Schenectady-Troy, NY (51), Worcester, MA-CT (8) and Allentown-Bethlehem-Easton, PA (7) (applications in parentheses).
| Mortgage Company & Address | City National Bank & Trust Co 10-24 N Main St Gloversville, NY 12078 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 337 |
| Total Mortgage Loan Application Amount | $23,008,000 |
| Average Mortgage Loan Application Amount | $68,272 |
| Highest Mortgage Loan Application Amount | $320,000 |
| Average Applicant Income | $56,679 |
| Highest Applicant Income | $418,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records City National Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fulton, New York | 194 | $ 14,051,000 | $ 72,427 | $ 57,000 |
| Saratoga, New York | 30 | $ 3,030,000 | $ 101,000 | $ 48,000 |
| Montgomery, New York | 15 | $ 1,117,000 | $ 74,466 | $ 55,000 |
| Hamilton, New York | 11 | $ 1,335,000 | $ 121,363 | $ 113,000 |
| Worcester, Massachusetts | 8 | $ 464,000 | $ 58,000 | $ 56,000 |
| Ocean, New Jersey | 5 | $ 118,000 | $ 23,600 | $ 36,000 |
| Fairfield, Connecticut | 4 | $ 172,000 | $ 43,000 | $ 59,000 |
| Middlesex, New Jersey | 4 | $ 68,000 | $ 17,000 | $ 46,000 |
| Rockland, New York | 4 | $ 185,000 | $ 46,250 | $ 46,000 |
| Schenectady, New York | 4 | $ 458,000 | $ 114,500 | $ 65,000 |
| Suffolk, New York | 4 | $ 173,000 | $ 43,250 | $ 84,000 |
| Lebanon, Pennsylvania | 4 | $ 113,000 | $ 28,250 | $ 39,000 |
| Lehigh, Pennsylvania | 4 | $ 127,000 | $ 31,750 | $ 46,000 |
| New London, Connecticut | 3 | $ 102,000 | $ 34,000 | $ 47,000 |
| Sussex, Delaware | 3 | $ 61,000 | $ 20,333 | $ 41,000 |
| Gloucester, New Jersey | 3 | $ 83,000 | $ 27,666 | $ 77,000 |
| Northampton, Pennsylvania | 3 | $ 124,000 | $ 41,333 | $ 56,000 |
| Litchfield, Connecticut | 2 | $ 85,000 | $ 42,500 | $ 32,000 |
| New Haven, Connecticut | 2 | $ 76,000 | $ 38,000 | $ 60,000 |
| Essex, Massachusetts | 2 | $ 73,000 | $ 36,500 | $ 31,000 |
| Monmouth, New Jersey | 2 | $ 89,000 | $ 44,500 | $ 49,000 |
| Albany, New York | 2 | $ 205,000 | $ 102,500 | $ 57,000 |
| Dutchess, New York | 2 | $ 59,000 | $ 29,500 | $ 42,000 |
| Niagara, New York | 2 | $ 32,000 | $ 16,000 | $ 25,000 |
| Oneida, New York | 2 | $ 41,000 | $ 20,500 | $ 36,000 |
| Lancaster, Pennsylvania | 2 | $ 48,000 | $ 24,000 | $ 19,000 |
| Hampden, Massachusetts | 1 | $ 48,000 | $ 48,000 | $ 33,000 |
| Hampshire, Massachusetts | 1 | $ 56,000 | $ 56,000 | $ 68,000 |
| Middlesex, Massachusetts | 1 | $ 19,000 | $ 19,000 | $ 53,000 |
| Atlantic, New Jersey | 1 | $ 31,000 | $ 31,000 | $ 32,000 |
| Burlington, New Jersey | 1 | $ 46,000 | $ 46,000 | $ 84,000 |
| Cumberland, New Jersey | 1 | $ 22,000 | $ 22,000 | $ 37,000 |
| Sussex, New Jersey | 1 | $ 28,000 | $ 28,000 | $ 48,000 |
| Erie, New York | 1 | $ 15,000 | $ 15,000 | $ 21,000 |
| Orange, New York | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
| Oswego, New York | 1 | $ 20,000 | $ 20,000 | $ 29,000 |
| Richmond, New York | 1 | $ 74,000 | $ 74,000 | $ 41,000 |
| Seneca, New York | 1 | $ 15,000 | $ 15,000 | $ 14,000 |
| Ulster, New York | 1 | $ 19,000 | $ 19,000 | $ 32,000 |
| Cumberland, Pennsylvania | 1 | $ 18,000 | $ 18,000 | $ 26,000 |
| Montgomery, Pennsylvania | 1 | $ 48,000 | $ 48,000 | $ 33,000 |
| York, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for City National Bank & Trust Co in 2003
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 (one-to-four family) | 171 | $10,908,000 | $41,000 | $320,000 | $47,666 | $418,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 161 | $11,822,000 | $73,000 | $285,000 | $61,000 | $286,000 |
| Home Improvement (one-to-four family) | 4 | $13,000 | $3,000 | $6,000 | $24,000 | $33,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $265,000 | $265,000 | $265,000 | $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 | 320 | $21,885,000 | $40,333 | $320,000 | $49,333 | $418,000 |
| Hispanic | 6 | $347,000 | $41,666 | $88,000 | $45,333 | $155,000 |
| Black | 5 | $280,000 | $52,000 | $155,000 | $50,500 | $93,000 |
| Not applicable | 2 | $349,000 | $174,000 | $265,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $33,000 | $16,500 | $31,000 | $32,500 | $33,000 |
| Asian or Pacific Islander | 2 | $114,000 | $57,000 | $69,000 | $54,000 | $57,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 337 | $23,008,000 | $40,333 | $320,000 | $47,500 | $418,000 |
| 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 | 205 | $16,751,000 | $81,000 | $320,000 | $62,000 | $418,000 |
| Loan Purchased By The Institution | 91 | $3,044,000 | $32,666 | $98,000 | $45,000 | $140,000 |
| Application Denied By Financial Institution | 27 | $1,783,000 | $66,000 | $170,000 | $55,000 | $168,000 |
| Application Withdrawn By Applicant | 8 | $666,000 | $83,000 | $250,000 | $48,000 | $122,000 |
| Application Approved But Not Accepted | 4 | $379,000 | $94,000 | $210,000 | $127,000 | $280,000 |
| File Closed For Incompleteness | 2 | $385,000 | $192,000 | $260,000 | $71,000 | $84,000 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 12 | $757,000 | $63,000 | $120,000 | $44,000 | $61,000 |
| Credit History | 9 | $588,000 | $65,000 | $170,000 | $59,000 | $168,000 |
| Collateral | 5 | $386,000 | $77,000 | $140,000 | $68,000 | $99,000 |
| Employment History | 1 | $52,000 | $52,000 | $52,000 | $73,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into City National Bank & Trust Co's 2003 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 City National Bank & Trust Co'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 New York, download the full spreadsheet
with aggregated HMDA statistics today.
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