The Simsbury Bank & Trust Company Mortgage Lending & HMDA Data, 2012
In 2012, The Simsbury Bank & Trust Company of Simsbury, CT reported 726 mortgage applications totaling $156.9 million, up 98% from 2011. The average application was for $216,151, and applicants reported an average income of $125,455. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (641), New Haven-Milford, CT (15) and Bridgeport-Stamford-Norwalk, CT (8) (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 | 726 |
| Total Mortgage Loan Application Amount | $156,926,000 |
| Average Mortgage Loan Application Amount | $216,151 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $125,455 |
| Highest Applicant Income | $918,000 |
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The Simsbury Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Simsbury Bank & Trust Company in 2012
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 | 534 | $111,020,000 | $207,000 | $790,000 | $124,000 | $918,000 |
| Home Purchase | 155 | $37,425,000 | $241,000 | $850,000 | $127,000 | $602,000 |
| Home Improvement | 37 | $8,481,000 | $229,000 | $1,500,000 | $140,000 | $611,000 |
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 | 654 | $141,467,000 | $216,000 | $1,500,000 | $126,000 | $918,000 |
| Asian | 26 | $5,911,000 | $227,000 | $417,000 | $140,000 | $540,000 |
| Hispanic | 20 | $4,076,000 | $203,000 | $582,000 | $131,000 | $515,000 |
| Not Provided | 13 | $2,777,000 | $213,000 | $417,000 | $92,000 | $269,000 |
| Black or African American | 11 | $2,168,000 | $197,000 | $310,000 | $89,000 | $240,000 |
| American Indian or Alaskan Native | 2 | $527,000 | $263,000 | $383,000 | $174,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 726 | $156,926,000 | $216,000 | $1,500,000 | $126,000 | $918,000 |
| 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 | 545 | $118,615,000 | $217,000 | $1,500,000 | $132,000 | $918,000 |
| Application Denied By Financial Institution | 78 | $16,281,000 | $208,000 | $417,000 | $93,000 | $428,000 |
| Application Withdrawn By Applicant | 61 | $12,439,000 | $203,000 | $417,000 | $127,000 | $602,000 |
| File Closed For Incompleteness | 38 | $8,816,000 | $232,000 | $560,000 | $106,000 | $313,000 |
| Application Approved But Not Accepted | 4 | $775,000 | $193,000 | $417,000 | $93,000 | $211,000 |
| 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 | 28 | $6,736,000 | $240,000 | $417,000 | $113,000 | $249,000 |
| Credit History | 22 | $4,107,000 | $186,000 | $412,000 | $94,000 | $428,000 |
| Debt-To-Income Ratio | 22 | $4,591,000 | $208,000 | $417,000 | $71,000 | $209,000 |
| Mortgage Insurance Denied | 2 | $347,000 | $173,000 | $190,000 | $104,000 | $108,000 |
| Other | 1 | $123,000 | $123,000 | $123,000 | $60,000 | $60,000 |
| Unverifiable Information | 1 | $153,000 | $153,000 | $153,000 | $125,000 | $125,000 |
| Employment History | 1 | $160,000 | $160,000 | $160,000 | $32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $64,000 | $64,000 | $64,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Simsbury Bank & Trust Company's 2012 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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