The Simsbury Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, The Simsbury Bank & Trust Company of Simsbury, CT reported 553 mortgage applications totaling $87.4 million, up 124% from 2009. The average application was for $158,001, and applicants reported an average income of $128,132. 77% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (531), Providence-New Bedford-Fall River, RI-MA (3) and Barnstable Town, MA (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 | 553 |
| Total Mortgage Loan Application Amount | $87,375,000 |
| Average Mortgage Loan Application Amount | $158,001 |
| Highest Mortgage Loan Application Amount | $720,000 |
| Average Applicant Income | $128,132 |
| Highest Applicant Income | $1,258,000 |
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The Simsbury Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 526 | $ 82,725,000 | $ 157,271 | $ 126,000 |
| Litchfield, Connecticut | 13 | $ 2,002,000 | $ 154,000 | $ 107,000 |
| Middlesex, Connecticut | 3 | $ 449,000 | $ 149,666 | $ 136,000 |
| Tolland, Connecticut | 2 | $ 182,000 | $ 91,000 | $ 120,000 |
| Windham, Connecticut | 2 | $ 255,000 | $ 127,500 | $ 0 |
| Washington, Rhode Island | 2 | $ 518,000 | $ 259,000 | $ 189,000 |
| New Haven, Connecticut | 1 | $ 110,000 | $ 110,000 | $ 68,000 |
| Barnstable, Massachusetts | 1 | $ 463,000 | $ 463,000 | $ 1,258,000 |
| Hampden, Massachusetts | 1 | $ 47,000 | $ 47,000 | $ 55,000 |
| Newport, Rhode Island | 1 | $ 404,000 | $ 404,000 | $ 568,000 |
| Beaufort, South Carolina | 1 | $ 220,000 | $ 220,000 | $ 398,000 |
Mortgage Loan Application Detail Totals for The Simsbury 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 |
|---|---|---|---|---|---|---|
| Refinancing | 500 | $80,679,000 | $161,000 | $720,000 | $128,000 | $1,258,000 |
| Home Improvement | 42 | $3,703,000 | $88,000 | $536,000 | $130,000 | $476,000 |
| Home Purchase | 11 | $2,993,000 | $272,000 | $700,000 | $127,000 | $260,000 |
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 | 522 | $82,946,000 | $158,000 | $720,000 | $127,000 | $1,258,000 |
| Asian | 21 | $2,926,000 | $139,000 | $417,000 | $141,000 | $629,000 |
| Black or African American | 7 | $1,180,000 | $168,000 | $417,000 | $184,000 | $306,000 |
| Not Provided | 2 | $271,000 | $135,000 | $214,000 | $90,000 | $121,000 |
| Hispanic | 1 | $52,000 | $52,000 | $52,000 | $307,000 | $307,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 553 | $87,375,000 | $158,000 | $720,000 | $128,000 | $1,258,000 |
| 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 | 424 | $63,102,000 | $148,000 | $700,000 | $131,000 | $1,258,000 |
| Application Denied By Financial Institution | 70 | $12,567,000 | $179,000 | $720,000 | $110,000 | $476,000 |
| Application Withdrawn By Applicant | 26 | $6,054,000 | $232,000 | $700,000 | $128,000 | $322,000 |
| Application Approved But Not Accepted | 22 | $3,518,000 | $159,000 | $440,000 | $142,000 | $319,000 |
| File Closed For Incompleteness | 11 | $2,134,000 | $194,000 | $417,000 | $129,000 | $232,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 31 | $6,749,000 | $217,000 | $536,000 | $133,000 | $417,000 |
| Debt-To-Income Ratio | 28 | $3,788,000 | $135,000 | $342,000 | $61,000 | $186,000 |
| Credit History | 8 | $1,702,000 | $212,000 | $720,000 | $167,000 | $476,000 |
| Other | 3 | $328,000 | $109,000 | $166,000 | $176,000 | $303,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Simsbury 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 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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