The Simsbury Bank & Trust Company Mortgage Lending & HMDA Data, 2005
In 2005, The Simsbury Bank & Trust Company of Simsbury, CT reported 76 mortgage applications totaling $15.0 million, down 30% from 2004. The average application was for $197,763, and applicants reported an average income of $135,868. 92% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (69), New Haven-Milford, CT (2) and Norwich-New London, CT (1) (applications in parentheses).
| Mortgage Company & Address | The Simsbury Bank & Trust Company 981 Hopmeadow St Simsbury, CT 06070 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 76 |
| Total Mortgage Loan Application Amount | $15,030,000 |
| Average Mortgage Loan Application Amount | $197,763 |
| Highest Mortgage Loan Application Amount | $788,000 |
| Average Applicant Income | $135,868 |
| Highest Applicant Income | $412,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Simsbury Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hartford, Connecticut | 68 | $ 12,805,000 | $ 188,308 | $ 147,000 |
| Litchfield, Connecticut | 4 | $ 785,000 | $ 196,250 | $ 72,000 |
| New Haven, Connecticut | 2 | $ 1,034,000 | $ 517,000 | $ 264,000 |
| New London, Connecticut | 1 | $ 240,000 | $ 240,000 | $ 209,000 |
| Tolland, Connecticut | 1 | $ 166,000 | $ 166,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for The Simsbury Bank & Trust Company 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 | 32 | $7,367,000 | $230,000 | $675,000 | $179,000 | $412,000 |
| Refinancing | 30 | $7,112,000 | $237,000 | $788,000 | $115,000 | $399,000 |
| Home Improvement | 14 | $551,000 | $39,000 | $100,000 | $82,000 | $191,000 |
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 | 72 | $14,355,000 | $199,000 | $788,000 | $121,000 | $412,000 |
| Black or African American | 2 | $260,000 | $130,000 | $147,000 | $175,000 | $175,000 |
| Hispanic | 1 | $370,000 | $370,000 | $370,000 | $98,000 | $98,000 |
| Not applicable | 1 | $45,000 | $45,000 | $45,000 | $373,000 | $373,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 76 | $15,030,000 | $197,000 | $788,000 | $140,000 | $412,000 |
| 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 | 70 | $13,776,000 | $196,000 | $788,000 | $152,000 | $412,000 |
| Application Withdrawn By Applicant | 3 | $616,000 | $205,000 | $232,000 | $68,000 | $85,000 |
| Application Denied By Financial Institution | 2 | $398,000 | $199,000 | $348,000 | $99,000 | $137,000 |
| Loan Purchased By The Institution | 1 | $240,000 | $240,000 | $240,000 | $209,000 | $209,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $348,000 | $348,000 | $348,000 | $137,000 | $137,000 |
| Collateral | 1 | $50,000 | $50,000 | $50,000 | $62,000 | $62,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 The Simsbury Bank & Trust Company'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 The Simsbury 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.
For a list of all lenders in Connecticut, download the full spreadsheet
with aggregated HMDA statistics today.
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