Optima Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, Optima Bank & Trust Company of Portsmouth, NH reported 91 mortgage applications totaling $36.9 million, down 2% from 2009. The average application was for $405,736, and applicants reported an average income of $224,164. 81% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Rockingham County-Strafford County, NH (80) and Portland-South Portland-Biddeford, ME (7).
| Mortgage Company & Address | Optima Bank & Trust Company 2 Harbour Place Portsmouth, NH 03801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 91 |
| Total Mortgage Loan Application Amount | $36,922,000 |
| Average Mortgage Loan Application Amount | $405,736 |
| Highest Mortgage Loan Application Amount | $2,160,000 |
| Average Applicant Income | $224,164 |
| Highest Applicant Income | $2,166,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Optima Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Optima Bank & Trust Company in 2010
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 | 56 | $20,483,000 | $365,000 | $1,240,000 | $210,000 | $2,166,000 |
| Refinancing | 27 | $9,236,000 | $342,000 | $1,000,000 | $221,000 | $1,516,000 |
| Home Improvement | 8 | $7,203,000 | $900,000 | $2,160,000 | $334,000 | $636,000 |
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 | 62 | $23,385,000 | $377,000 | $1,600,000 | $259,000 | $2,166,000 |
| Not applicable | 16 | $5,148,000 | $321,000 | $1,200,000 | $0 | $0 |
| Not Provided | 12 | $8,182,000 | $681,000 | $2,160,000 | $360,000 | $1,516,000 |
| American Indian or Alaskan Native | 1 | $207,000 | $207,000 | $207,000 | $83,000 | $83,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $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) | 91 | $36,922,000 | $405,000 | $2,160,000 | $224,000 | $2,166,000 |
| 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 | 74 | $30,355,000 | $410,000 | $2,160,000 | $238,000 | $2,166,000 |
| Application Approved But Not Accepted | 9 | $3,248,000 | $360,000 | $985,000 | $263,000 | $703,000 |
| Application Denied By Financial Institution | 7 | $2,965,000 | $423,000 | $650,000 | $55,000 | $132,000 |
| File Closed For Incompleteness | 1 | $354,000 | $354,000 | $354,000 | $97,000 | $97,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Optima Bank & Trust Company's 2010 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 Optima 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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