Optima Bank & Trust Company Mortgage Lending & HMDA Data, 2014
In 2014, Optima Bank & Trust Company of Portsmouth, NH reported 208 mortgage applications totaling $72.0 million, down 4% from 2013. The average application was for $345,995, and applicants reported an average income of $152,658. 74% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Rockingham County-Strafford County, NH (177), Portland-South Portland, ME (20) and Manchester-Nashua, NH (5) (applications in parentheses).
| 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 | 208 |
| Total Mortgage Loan Application Amount | $71,967,000 |
| Average Mortgage Loan Application Amount | $345,995 |
| Highest Mortgage Loan Application Amount | $3,568,000 |
| Average Applicant Income | $152,658 |
| Highest Applicant Income | $1,387,000 |
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records Optima Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014
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 | 142 | $46,175,000 | $325,000 | $1,700,000 | $162,000 | $1,387,000 |
| Refinancing | 53 | $18,219,000 | $343,000 | $2,200,000 | $130,000 | $601,000 |
| Home Improvement | 13 | $7,573,000 | $582,000 | $3,568,000 | $143,000 | $490,000 |
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 | 148 | $47,997,000 | $324,000 | $2,200,000 | $163,000 | $1,387,000 |
| Not Provided | 30 | $9,777,000 | $325,000 | $800,000 | $224,000 | $980,000 |
| Not applicable | 23 | $11,934,000 | $518,000 | $3,568,000 | $0 | $0 |
| Asian | 3 | $671,000 | $223,000 | $285,000 | $54,000 | $96,000 |
| Hispanic | 2 | $1,250,000 | $625,000 | $1,000,000 | $279,000 | $331,000 |
| American Indian or Alaskan Native | 2 | $338,000 | $169,000 | $198,000 | $158,000 | $185,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 208 | $71,967,000 | $345,000 | $3,568,000 | $153,000 | $1,387,000 |
| 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 | 154 | $57,474,000 | $373,000 | $3,568,000 | $157,000 | $1,387,000 |
| Application Denied By Financial Institution | 28 | $7,875,000 | $281,000 | $1,100,000 | $123,000 | $659,000 |
| Application Withdrawn By Applicant | 11 | $1,827,000 | $166,000 | $348,000 | $137,000 | $601,000 |
| Application Approved But Not Accepted | 10 | $3,071,000 | $307,000 | $800,000 | $202,000 | $980,000 |
| File Closed For Incompleteness | 5 | $1,720,000 | $344,000 | $500,000 | $132,000 | $300,000 |
| 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 | 2 | $590,000 | $295,000 | $350,000 | $73,000 | $75,000 |
| Debt-To-Income Ratio | 1 | $420,000 | $420,000 | $420,000 | $141,000 | $141,000 |
| Employment History | 1 | $88,000 | $88,000 | $88,000 | $31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $96,000 | $96,000 | $96,000 | $76,000 | $76,000 |
| 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 Optima Bank & Trust Company's 2014 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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