Community Bank & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, Community Bank & Trust Company of Wolfeboro, NH reported 291 mortgage applications totaling $57.4 million, down 18% from 2003. The average application was for $197,254, and applicants reported an average income of $92,044. 82% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Rockingham County-Strafford County, NH (133), Manchester-Nashua, NH (16) and Essex County, MA (3) (applications in parentheses).
| Mortgage Company & Address | Community Bank & Trust Company 15 Varney Road Wolfeboro, NH 03894 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 291 |
| Total Mortgage Loan Application Amount | $57,401,000 |
| Average Mortgage Loan Application Amount | $197,254 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $92,044 |
| Highest Applicant Income | $1,593,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Community Bank & Trust Company 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 | 173 | $36,568,000 | $179,333 | $3,000,000 | $72,333 | $810,000 |
| Refinancing | 96 | $17,984,000 | $187,000 | $960,000 | $118,000 | $1,593,000 |
| Home Improvement | 22 | $2,849,000 | $139,000 | $412,000 | $70,666 | $160,000 |
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 | 250 | $47,075,000 | $160,000 | $3,000,000 | $72,333 | $1,593,000 |
| Not applicable | 35 | $9,462,000 | $201,000 | $1,120,000 | $101,666 | $1,040,000 |
| Not Provided | 3 | $384,000 | $128,000 | $225,000 | $84,000 | $126,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $285,000 | $285,000 | $285,000 | $72,000 | $72,000 |
| American Indian or Alaskan Native | 1 | $70,000 | $70,000 | $70,000 | $22,000 | $22,000 |
| Black or African American | 1 | $125,000 | $125,000 | $125,000 | $56,000 | $56,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 291 | $57,401,000 | $170,333 | $3,000,000 | $79,666 | $1,593,000 |
| 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 | 238 | $48,674,000 | $172,666 | $3,000,000 | $89,000 | $1,593,000 |
| Application Approved But Not Accepted | 33 | $6,136,000 | $185,000 | $600,000 | $70,000 | $227,000 |
| Application Denied By Financial Institution | 14 | $1,802,000 | $128,000 | $300,000 | $54,000 | $120,000 |
| Application Withdrawn By Applicant | 6 | $789,000 | $131,000 | $325,000 | $58,000 | $113,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $549,000 | $109,000 | $300,000 | $66,000 | $120,000 |
| Debt-To-Income Ratio | 3 | $388,000 | $129,000 | $193,000 | $56,000 | $76,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community Bank & Trust Company'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 Community Bank & Trust Company'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.
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