The Simsbury Bank & Trust Company Mortgage Lending & HMDA Data, 2016
In 2016, The Simsbury Bank & Trust Company of Simsbury, CT reported 621 mortgage applications totaling $152.7 million, up 15% from 2015. The average application was for $245,885, and applicants reported an average income of $135,539. 82% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (443), New Haven-Milford, CT (89) and Bridgeport-Stamford-Norwalk, CT (19) (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 | 621 |
| Total Mortgage Loan Application Amount | $152,695,000 |
| Average Mortgage Loan Application Amount | $245,885 |
| Highest Mortgage Loan Application Amount | $1,250,000 |
| Average Applicant Income | $135,539 |
| Highest Applicant Income | $890,000 |
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The Simsbury Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 375 | $91,944,000 | $245,000 | $1,250,000 | $129,000 | $682,000 |
| Refinancing | 235 | $58,170,000 | $247,000 | $1,100,000 | $146,000 | $890,000 |
| Home Improvement | 11 | $2,581,000 | $234,000 | $600,000 | $135,000 | $186,000 |
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 | 548 | $135,315,000 | $246,000 | $1,250,000 | $137,000 | $890,000 |
| Asian | 29 | $7,819,000 | $269,000 | $580,000 | $140,000 | $432,000 |
| Hispanic | 18 | $4,191,000 | $232,000 | $417,000 | $148,000 | $750,000 |
| Black or African American | 13 | $2,285,000 | $175,000 | $295,000 | $91,000 | $240,000 |
| Not Provided | 10 | $2,576,000 | $257,000 | $600,000 | $93,000 | $195,000 |
| Native Hawaiin or Other Pacific Islander | 3 | $509,000 | $169,000 | $190,000 | $78,000 | $83,000 |
| 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) | 621 | $152,695,000 | $245,000 | $1,250,000 | $135,000 | $890,000 |
| 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 | 510 | $127,303,000 | $249,000 | $1,250,000 | $137,000 | $890,000 |
| Application Withdrawn By Applicant | 77 | $17,898,000 | $232,000 | $600,000 | $131,000 | $682,000 |
| Application Denied By Financial Institution | 25 | $5,065,000 | $202,000 | $498,000 | $90,000 | $206,000 |
| File Closed For Incompleteness | 7 | $1,920,000 | $274,000 | $560,000 | $215,000 | $750,000 |
| Application Approved But Not Accepted | 1 | $224,000 | $224,000 | $224,000 | $120,000 | $120,000 |
| Preapproval Denied by Financial Institution | 1 | $285,000 | $285,000 | $285,000 | $106,000 | $106,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 7 | $1,269,000 | $181,000 | $285,000 | $58,000 | $106,000 |
| Collateral | 7 | $1,637,000 | $233,000 | $401,000 | $125,000 | $192,000 |
| Credit History | 6 | $1,230,000 | $205,000 | $309,000 | $98,000 | $179,000 |
| Other | 2 | $652,000 | $326,000 | $498,000 | $145,000 | $206,000 |
| Unverifiable Information | 2 | $348,000 | $174,000 | $210,000 | $25,000 | $50,000 |
| Employment History | 1 | $154,000 | $154,000 | $154,000 | $47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Simsbury Bank & Trust Company's 2016 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About