City National Bank & Trust Co Mortgage Lending & HMDA Data, 2005
In 2005, City National Bank & Trust Co of Gloversville, NY reported 264 mortgage applications totaling $21.3 million, down 13% from 2004. The average application was for $80,571, and applicants reported an average income of $28,545. 54% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Albany-Schenectady-Troy, NY (29), New Haven-Milford, CT (11) and Norwich-New London, CT (9) (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 | 264 |
| Total Mortgage Loan Application Amount | $21,271,000 |
| Average Mortgage Loan Application Amount | $80,571 |
| Highest Mortgage Loan Application Amount | $482,000 |
| Average Applicant Income | $28,545 |
| Highest Applicant Income | $358,000 |
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records City National Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for City National Bank & Trust Co in 2005
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 | 166 | $13,779,000 | $57,125 | $482,000 | $4,500 | $331,000 |
| Refinancing | 71 | $5,784,000 | $57,750 | $400,000 | $10,500 | $358,000 |
| Home Improvement | 27 | $1,708,000 | $63,000 | $275,000 | $50,000 | $187,000 |
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 | 249 | $20,011,000 | $55,250 | $482,000 | $5,125 | $358,000 |
| Not applicable | 6 | $767,000 | $127,000 | $400,000 | $9,000 | $25,000 |
| Hispanic | 4 | $116,000 | $29,000 | $46,000 | $5,500 | $22,000 |
| Black or African American | 2 | $89,000 | $44,500 | $61,000 | $12,500 | $25,000 |
| Not Provided | 1 | $200,000 | $200,000 | $200,000 | $127,000 | $127,000 |
| American Indian or Alaskan Native | 1 | $58,000 | $58,000 | $58,000 | $0 | $0 |
| Asian | 1 | $30,000 | $30,000 | $30,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 264 | $21,271,000 | $55,250 | $482,000 | $4,875 | $358,000 |
| 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 | 142 | $13,707,000 | $96,000 | $482,000 | $58,000 | $358,000 |
| Loan Purchased By The Institution | 99 | $4,887,000 | $49,625 | $124,000 | $0 | $0 |
| Application Denied By Financial Institution | 17 | $1,747,000 | $102,000 | $240,000 | $50,000 | $105,000 |
| Application Withdrawn By Applicant | 4 | $460,000 | $115,000 | $132,000 | $70,000 | $118,000 |
| Application Approved But Not Accepted | 2 | $470,000 | $235,000 | $400,000 | $59,000 | $97,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 9 | $712,000 | $79,000 | $225,000 | $47,000 | $105,000 |
| Debt-To-Income Ratio | 4 | $494,000 | $123,000 | $215,000 | $54,000 | $77,000 |
| Collateral | 2 | $226,000 | $113,000 | $166,000 | $57,000 | $59,000 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $1,000 | $1,000 |
| Employment History | 1 | $240,000 | $240,000 | $240,000 | $92,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 2005 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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