City National Bank & Trust Co Mortgage Lending & HMDA Data, 2004
In 2004, City National Bank & Trust Co of Gloversville, NY reported 305 mortgage applications totaling $24.0 million, down 9% from 2003. The average application was for $78,780, and applicants reported an average income of $36,944. 51% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Albany-Schenectady-Troy, NY (49), Allentown-Bethlehem-Easton, PA-NJ (8) and Poughkeepsie-Newburgh-Middletown, NY (8) (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 | 305 |
| Total Mortgage Loan Application Amount | $24,028,000 |
| Average Mortgage Loan Application Amount | $78,780 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $36,944 |
| Highest Applicant Income | $360,000 |
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records City National Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Albany-Schenectady-Troy, NY | 49 | $ 7,214,000 | $ 147,224 | $ 53,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 8 | $ 342,000 | $ 42,750 | $ 0 |
| Poughkeepsie-Newburgh-Middletown, NY | 8 | $ 390,000 | $ 48,750 | $ 0 |
| Edison, NJ | 6 | $ 354,000 | $ 59,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 5 | $ 342,000 | $ 68,400 | $ 0 |
| Essex County, MA | 5 | $ 246,000 | $ 49,200 | $ 0 |
| New Haven-Milford, CT | 5 | $ 237,000 | $ 47,400 | $ 0 |
| Nassau-Suffolk, NY | 4 | $ 204,000 | $ 51,000 | $ 0 |
| Camden, NJ | 3 | $ 88,000 | $ 29,333 | $ 0 |
| Norwich-New London, CT | 3 | $ 119,000 | $ 39,666 | $ 0 |
| Worcester, MA | 3 | $ 135,000 | $ 45,000 | $ 0 |
| Elmira, NY | 2 | $ 140,000 | $ 70,000 | $ 0 |
| Glens Falls, NY | 2 | $ 293,000 | $ 146,500 | $ 16,000 |
| Kingston, NY | 2 | $ 103,000 | $ 51,500 | $ 0 |
| Lancaster, PA | 2 | $ 89,000 | $ 44,500 | $ 0 |
| New York-Wayne-White Plains, NY-NJ | 2 | $ 175,000 | $ 87,500 | $ 0 |
| Springfield, MA | 2 | $ 89,000 | $ 44,500 | $ 0 |
| Atlantic City, NJ | 1 | $ 29,000 | $ 29,000 | $ 0 |
| Baltimore-Towson, MD | 1 | $ 56,000 | $ 56,000 | $ 0 |
| Buffalo-Niagara Falls, NY | 1 | $ 28,000 | $ 28,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 29,000 | $ 29,000 | $ 0 |
| Erie, PA | 1 | $ 37,000 | $ 37,000 | $ 0 |
| Philadelphia, PA | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Pittsfield, MA | 1 | $ 68,000 | $ 68,000 | $ 0 |
| Rochester, NY | 1 | $ 34,000 | $ 34,000 | $ 0 |
| Utica-Rome, NY | 1 | $ 14,000 | $ 14,000 | $ 0 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 18,000 | $ 18,000 | $ 0 |
| Wilmington, DE-MD-NJ | 1 | $ 71,000 | $ 71,000 | $ 0 |
| York-Hanover, PA | 1 | $ 30,000 | $ 30,000 | $ 0 |
Mortgage Loan Application Detail Totals for City National Bank & Trust Co in 2004
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 | 207 | $17,215,000 | $57,500 | $650,000 | $10,625 | $360,000 |
| Refinancing | 77 | $5,966,000 | $60,333 | $235,000 | $20,666 | $214,000 |
| Home Improvement | 21 | $847,000 | $40,000 | $120,000 | $52,000 | $113,000 |
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 | 285 | $22,893,000 | $55,750 | $650,000 | $11,500 | $360,000 |
| Black or African American | 5 | $268,000 | $60,666 | $97,000 | $21,333 | $64,000 |
| Hispanic | 4 | $345,000 | $96,500 | $117,000 | $17,500 | $58,000 |
| Asian | 4 | $98,000 | $23,666 | $35,000 | $11,000 | $33,000 |
| Not Provided | 3 | $152,000 | $50,000 | $63,000 | $81,000 | $82,000 |
| Not applicable | 2 | $125,000 | $62,000 | $85,000 | $7,000 | $14,000 |
| American Indian or Alaskan Native | 1 | $66,000 | $66,000 | $66,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $81,000 | $81,000 | $81,000 | $75,000 | $75,000 |
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) | 305 | $24,028,000 | $55,500 | $650,000 | $11,375 | $360,000 |
| 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 | 157 | $15,328,000 | $97,000 | $650,000 | $64,000 | $360,000 |
| Loan Purchased By The Institution | 111 | $5,433,000 | $48,857 | $129,000 | $0 | $0 |
| Application Denied By Financial Institution | 21 | $1,669,000 | $79,000 | $200,000 | $48,000 | $121,000 |
| Preapproval Denied by Financial Institution | 6 | $371,000 | $61,000 | $140,000 | $41,000 | $156,000 |
| Application Approved But Not Accepted | 4 | $613,000 | $153,000 | $209,000 | $73,000 | $159,000 |
| Application Withdrawn By Applicant | 4 | $452,000 | $113,000 | $280,000 | $111,000 | $255,000 |
| File Closed For Incompleteness | 2 | $162,000 | $81,000 | $110,000 | $114,000 | $139,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $882,000 | $71,500 | $140,000 | $60,500 | $156,000 |
| Debt-To-Income Ratio | 7 | $475,000 | $61,500 | $200,000 | $31,500 | $82,000 |
| Collateral | 6 | $475,000 | $79,000 | $165,000 | $50,000 | $121,000 |
| Mortgage Insurance Denied | 1 | $100,000 | $100,000 | $100,000 | $47,000 | $47,000 |
| Employment History | 1 | $108,000 | $108,000 | $108,000 | $33,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2004 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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