The Simsbury Bank & Trust Company Mortgage Lending & HMDA Data, 2014
In 2014, The Simsbury Bank & Trust Company of Simsbury, CT reported 353 mortgage applications totaling $78.8 million, down 47% from 2013. The average application was for $223,291, and applicants reported an average income of $134,492. 73% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (279), New Haven-Milford, CT (19) and Bridgeport-Stamford-Norwalk, CT (17) (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 | 353 |
| Total Mortgage Loan Application Amount | $78,822,000 |
| Average Mortgage Loan Application Amount | $223,291 |
| Highest Mortgage Loan Application Amount | $989,000 |
| Average Applicant Income | $134,492 |
| Highest Applicant Income | $859,000 |
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The Simsbury Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hartford-West Hartford-East Hartford, CT | 279 | $ 59,731,000 | $ 214,089 | $ 132,000 |
| New Haven-Milford, CT | 19 | $ 4,319,000 | $ 227,315 | $ 141,000 |
| Bridgeport-Stamford-Norwalk, CT | 17 | $ 5,674,000 | $ 333,764 | $ 149,000 |
| Norwich-New London, CT | 5 | $ 1,035,000 | $ 207,000 | $ 109,000 |
| Providence-Warwick, RI-MA | 4 | $ 1,032,000 | $ 258,000 | $ 372,000 |
| Springfield, MA | 4 | $ 1,271,000 | $ 317,750 | $ 174,000 |
| Worcester, MA-CT | 2 | $ 645,000 | $ 322,500 | $ 68,000 |
| Boston, MA | 1 | $ 568,000 | $ 568,000 | $ 302,000 |
| Pittsfield, MA | 1 | $ 145,000 | $ 145,000 | $ 262,000 |
Mortgage Loan Application Detail Totals for The Simsbury 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 | 210 | $48,783,000 | $232,000 | $720,000 | $136,000 | $859,000 |
| Refinancing | 123 | $25,737,000 | $209,000 | $650,000 | $132,000 | $774,000 |
| Home Improvement | 20 | $4,302,000 | $215,000 | $989,000 | $134,000 | $391,000 |
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 | 321 | $72,742,000 | $226,000 | $989,000 | $133,000 | $774,000 |
| Asian | 18 | $3,360,000 | $186,000 | $627,000 | $175,000 | $859,000 |
| Hispanic | 7 | $1,267,000 | $181,000 | $417,000 | $114,000 | $214,000 |
| Black or African American | 3 | $412,000 | $137,000 | $205,000 | $90,000 | $188,000 |
| American Indian or Alaskan Native | 1 | $414,000 | $414,000 | $414,000 | $162,000 | $162,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $232,000 | $232,000 | $232,000 | $97,000 | $97,000 |
| Not applicable | 1 | $250,000 | $250,000 | $250,000 | $0 | $0 |
| Not Provided | 1 | $145,000 | $145,000 | $145,000 | $262,000 | $262,000 |
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) | 353 | $78,822,000 | $223,000 | $989,000 | $135,000 | $859,000 |
| 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 | 259 | $56,678,000 | $218,000 | $989,000 | $135,000 | $859,000 |
| Application Withdrawn By Applicant | 48 | $11,381,000 | $237,000 | $674,000 | $123,000 | $352,000 |
| Application Denied By Financial Institution | 32 | $7,445,000 | $232,000 | $700,000 | $133,000 | $500,000 |
| File Closed For Incompleteness | 12 | $2,821,000 | $235,000 | $436,000 | $162,000 | $720,000 |
| Application Approved But Not Accepted | 2 | $497,000 | $248,000 | $305,000 | $176,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $3,286,000 | $298,000 | $595,000 | $91,000 | $161,000 |
| Credit History | 7 | $876,000 | $125,000 | $175,000 | $54,000 | $80,000 |
| Collateral | 5 | $1,392,000 | $278,000 | $700,000 | $154,000 | $334,000 |
| Other | 4 | $624,000 | $156,000 | $235,000 | $189,000 | $324,000 |
| Unverifiable Information | 3 | $695,000 | $231,000 | $280,000 | $223,000 | $445,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $127,000 | $127,000 | $127,000 | $196,000 | $196,000 |
| Credit Application Incomplete | 1 | $445,000 | $445,000 | $445,000 | $500,000 | $500,000 |
| Employment History | 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 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 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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