The Canandaigua National Bank And Trust Company Mortgage Rates, Fees & Info

Canandaigua, NY

LEI: 549300RM7ARTTP3T1V93

Tax ID: 16-0373410

2021 Data | 2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Overview

    The Canandaigua National Bank And Trust Company is a smaller bank specializing in Cash Out Refi and Home Purchase loans. The Canandaigua National Bank And Trust Company has a high proportion of conventional loans. Their top markets include Rochester, Auburn, Corning, Batavia, and Cape Coral among others. The Canandaigua National Bank And Trust Company has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.


    Originations

    681

    Origination Dollar Volume (All Markets)

    $150,055,000

    Employee count

    585

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    ROCHESTER, NY (FHA|USDA|VA) 633 $141,225,000 $223,104 $385 4.15%
    Auburn, NY (FHA|USDA|VA) 3 $1,895,000 $631,667 $0 4.05%
    Corning, NY (FHA|USDA|VA) 9 $1,195,000 $132,778 $558 4.51%
    Batavia, NY (FHA|USDA|VA) 10 $1,150,000 $115,000 $0 4.15%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $890,000 $445,000 $0 4.00%
    Outside of Metro Areas 5 $595,000 $119,000 $0 4.09%
    Bozeman, MT (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 4.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $375,000 $375,000 $0 4.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $285,000 $95,000 $0 4.04%
    SYRACUSE, NY (FHA|USDA|VA) 3 $275,000 $91,667 $0 4.00%
    Seneca Falls, NY (FHA|USDA|VA) 3 $265,000 $88,333 $508 3.98%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
    Olean, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.00%

    The Canandaigua National Bank And Trust Company's top markets include Rochester, Auburn, Corning, Batavia, and Cape Coral among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 681 $150,055,000 $220,345 $393 4.15%

    For the 2021 period, The Canandaigua National Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 681 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Home Improvement 296 $29,520,000 $99,730 $427 4.16%
    Other 147 $13,565,000 $92,279 $372 4.20%
    Cash Out Refi 132 $40,200,000 $304,545 $340 4.11%
    Home Purchase 87 $58,235,000 $669,368 $458 4.13%
    Refi 19 $8,535,000 $449,211 $0 4.06%

    For the 2021, The Canandaigua National Bank And Trust Company's most frequently cited loan purpose of loans were Home Improvement, with 296 originations. The 2nd most popular reason of loans were Other, with 147 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 567 $58,465,000 $103,113 $0 4.07%
    10 Year 100 $59,140,000 $591,400 $409 4.58%
    5 Year 6 $100,000 $16,667 $265 4.75%
    Other 6 $31,430,000 $5,238,333 $0 3.87%
    15 Year 2 $920,000 $460,000 $0 4.56%

    For the 2021, The Canandaigua National Bank And Trust Company's most frequently cited loan length of loans were 20 Year, with 567 originations. The 2nd most popular length of loans were 10 Year, with 100 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k 42 $2,310,000 $55,000

    $0 of loans were The Canandaigua National Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 469 $103,215,000 $220,075
    4-5% 188 $45,920,000 $244,255
    5-6% 17 $665,000 $39,118
    6-7% 7 $255,000 $36,429

    During 2021, The Canandaigua National Bank And Trust Company's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 3-4%, with 469 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 392 $18,960,000 $48,367 $380 4.22%
    $100k-200k 152 $20,870,000 $137,303 $476 4.04%
    $200k-400k 91 $24,165,000 $265,549 $458 4.08%
    $1MM+ 19 $70,665,000 $3,719,211 $0 4.00%
    $400k-600k 16 $7,490,000 $468,125 $0 4.03%
    $600k-1MM 11 $7,905,000 $718,636 $0 4.19%

    2021 saw The Canandaigua National Bank And Trust Company place emphasis on $100,000 or less loans with 392 originations, totaling $18,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 149 $12,295,000 $82,517 $402 4.13%
    $50k-75k 110 $7,570,000 $68,818 $406 4.19%
    $150k-250k 105 $11,605,000 $110,524 $508 4.08%
    $75k-100k 93 $7,725,000 $83,065 $419 4.18%
    $250k+ 73 $15,335,000 $210,068 $458 4.02%
    $50k or less 69 $3,675,000 $53,261 $320 4.25%

    The Canandaigua National Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 149 originations. The second most popular income band? $50k-75k, with 110 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 137 $13,575,000 $99,088 $399 4.14%
    30-36% 109 $10,365,000 $95,092 $464 4.12%
    <20% 63 $6,605,000 $104,841 $392 4.17%
    50-60% 48 $4,800,000 $100,000 $332 4.18%
    >60% 35 $4,985,000 $142,429 $288 4.02%
    41% 26 $1,980,000 $76,154 $296 4.12%
    43% 25 $2,395,000 $95,800 $458 4.26%
    44% 21 $1,565,000 $74,524 $368 4.13%
    42% 17 $1,155,000 $67,941 $0 4.12%
    40% 16 $1,230,000 $76,875 $0 4.09%
    39% 15 $1,365,000 $91,000 $0 4.09%
    38% 15 $1,715,000 $114,333 $118 4.19%
    36% 14 $1,070,000 $76,429 $458 4.24%
    47% 14 $1,090,000 $77,857 $450 4.20%
    37% 11 $995,000 $90,455 $0 4.10%
    46% 11 $1,745,000 $158,636 $458 4.03%
    49% 9 $775,000 $86,111 $458 4.25%
    45% 7 $465,000 $66,429 $118 4.36%
    48% 5 $295,000 $59,000 $0 4.12%

    The Canandaigua National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? 30-36%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 78 $90,910,000 $1,165,513 $0 4.21%
    White 584 $57,670,000 $98,750 $399 4.14%
    Asian 9 $925,000 $102,778 $458 4.16%
    Black 6 $320,000 $53,333 $118 4.13%
    Not provided 2 $150,000 $75,000 $0 4.00%
    Other Asian 1 $55,000 $55,000 $0 4.00%
    American Indian 1 $25,000 $25,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    93.90%

    The Canandaigua National Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.02%

    The Canandaigua National Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 681 $150,055,000 $220,345

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    681 $150,055,000 $220,345

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 216 $24,410,000 $113,009 $358 4.10%
    40-60% 104 $32,800,000 $315,385 $399 4.05%
    60-80% 102 $69,970,000 $685,980 $458 4.14%
    80-100% 43 $12,105,000 $281,512 $548 4.06%
    Under 20% 216 $10,770,000 $49,861 $393 4.27%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Canandaigua National Bank and Trust Company 1150 Pittsford Victor Road Pittsford, NY 14534 Full Service B&M $11,448
    The Canandaigua National Bank and Trust Company 2455 West Ridge Road Rochester, NY 14626 Full Service B&M $131,153
    The Canandaigua National Bank and Trust Company 3204 Latta Road Rochester, NY 14612 Full Service B&M $76,255
    The Canandaigua National Bank and Trust Company 3228 Chili Avenue Rochester, NY 14624 Full Service B&M $101,870
    The Canandaigua National Bank and Trust Company 4 Main Street Bloomfield, NY 14469 Full Service B&M $86,706
    The Canandaigua National Bank and Trust Company 45 East Main Street Rochester, NY 14614 Full Service B&M $187,062
    The Canandaigua National Bank and Trust Company 51 Assembly Drive Mendon, NY 14506 Full Service B&M $87,513
    The Canandaigua National Bank and Trust Company 61 West Main Street Victor, NY 14564 Full Service B&M $222,087
    The Canandaigua National Bank and Trust Company 6183 Route 96 Farmington, NY 14425 Full Service B&M $108,365
    The Canandaigua National Bank and Trust Company 6660 4th Section Road Brockport, NY 14420 Full Service B&M $22,572
    The Canandaigua National Bank and Trust Company 6720 Pittsford-Palmyra Rd Fairport, NY 14450 Full Service B&M $129,616
    The Canandaigua National Bank and Trust Company 709 South Main Street Canandaigua, NY 14424 Full Service B&M $169,356
    The Canandaigua National Bank and Trust Company 72 South Main Street Canandaigua, NY 14424 Full Service B&M $473,968
    The Canandaigua National Bank and Trust Company 8633 Main Street Honeoye, NY 14471 Full Service B&M $94,368
    The Canandaigua National Bank and Trust Company 99 West Main Street Honeoye Falls, NY 14472 Full Service B&M $134,196
    The Canandaigua National Bank and Trust Company 1155 Ridge Road Webster, NY 14580 Full Service B&M $113,253
    The Canandaigua National Bank and Trust Company 119 South Main Street Manchester, NY 14504 Full Service B&M $100,429
    The Canandaigua National Bank and Trust Company 1225 Commons Way Rochester, NY 14623 Full Service B&M $104,558
    The Canandaigua National Bank and Trust Company 1341 Mount Hope Avenue Rochester, NY 14620 Full Service B&M $15,638
    The Canandaigua National Bank and Trust Company 18 State Street Pittsford, NY 14534 Full Service B&M $285,741
    The Canandaigua National Bank and Trust Company 1816 Penfield Road Penfield, NY 14526 Full Service B&M $99,468
    The Canandaigua National Bank and Trust Company 1998 Empire Blvd Webster, NY 14580 Full Service B&M $130,996
    The Canandaigua National Bank and Trust Company 2075 Monroe Avenue Rochester, NY 14618 Full Service B&M $267,152
    The Canandaigua National Bank and Trust Company 210 Alexander Street Rochester, NY 14607 Full Service B&M $54,221
    The Canandaigua National Bank and Trust Company 2128 Hudson Avenue Rochester, NY 14617 Full Service B&M $89,230

    For 2021, The Canandaigua National Bank And Trust Company had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $138,902
    Net interest income $129,119
    Total noninterest income $55,739
    Gross Fiduciary activities income $23,249
    Service charges on deposit accounts $8,428
    Trading account gains and fees $0
    Additional Noninterest Income $24,062
    Pre-tax net operating income $60,711
    Securities gains (or losses, -) $-195
    Income before extraordinary items $43,133
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $43,133
    Minority interest net income $5
    Net income $43,128
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $43,287

    The Canandaigua National Bank And Trust Company's gross interest income from loans was $138,902,000.
    The Canandaigua National Bank And Trust Company's net interest income from loans was $129,119,000.
    The Canandaigua National Bank And Trust Company's fee based income from loans was $8,428,000.
    The Canandaigua National Bank And Trust Company's net income from loans was $43,128,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,783
    Provision for credit losses $7,416
    Total noninterest expense $116,731
    Salaries and employee benefits $69,477
    Premises and equipment expense $9,748
    Additional noninterest expense $37,506
    Applicable income taxes $17,383
    Net charge-offs $3,851
    Cash dividends $20,800

    The Canandaigua National Bank And Trust Company's interest expense for loans was $9,783,000.
    The Canandaigua National Bank And Trust Company's payroll and benefits expense were $69,477,000.
    The Canandaigua National Bank And Trust Company's property, plant and equipment expenses $9,748,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $3,537,051
    Deposits held in domestic offices $3,537,051
    Deposits by Individuals, partnerships, and corporations $3,093,982
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $439,155
    Deposits by Commercial banks and other depository institutions in U.S. $3,913
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,490,799
    Demand deposits $1,007,793
    Nontransaction accounts $2,046,251
    Money market deposit accounts (MMDAs) $657,568
    Other savings deposits (excluding MMDAs) $808,197
    Total time deposits $580,486
    Total time and savings deposits $2,529,257
    Noninterest-bearing deposits $1,007,984
    Interest-bearing deposits $2,529,067
    Retail deposits $3,216,066
    IRAs and Keogh plan accounts $65,678
    Brokered deposits $22,472
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,151,137
    Cash & Balances due from depository institutions $52,184
    Interest-bearing balances $11,650
    Total securities $822,945
    Federal funds sold & reverse repurchase $175
    Net loans and leases $3,162,776
    Loan and leases loss allowance $34,306
    Trading account assets $12,331
    Bank premises and fixed assets $42,569
    Other real estate owned $92
    Goodwill and other intangibles $12,062
    All other assets $46,003

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,151,137
    Total Liabilities $3,808,351
    Total deposits $3,537,051
    Interest-bearing deposits $2,529,067
    Deposits held in domestic offices $3,537,051
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $12,331
    Other borrowed funds $227,851
    Subordinated debt $0
    All other liabilities $31,118

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,162,776
    Loan and leases loss allowance $34,306
    Total loans and leases (domestic) $3,197,082
    All real estate loans $1,904,303
    Real estate loans in domestic offices $1,904,303
    Construction and development loans $152,126
    Residential 1-4 family construction $26,941
    Other construction, all land development and other land $125,185
    Loans secured by nonfarm nonresidential properties $720,104
    Nonfarm nonresidential secured by owner-occupied properties $195,641
    Commercial real estate & other non-farm, non-residential $524,463
    Multifamily residential real estate $221,891
    1-4 family residential loans $807,768
    Farmland loans $2,414
    Loans held in foreign offices $0
    Farm loans $103
    Commercial and industrial loans $366,287
    To non-U.S. addressees $0
    Loans to individuals $926,389
    Credit card loans $0
    Related Plans $3,324
    Consumer Auto Loans $851,152
    Other loans to individuals $71,913
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,970
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,132
    Non 1-4 family restructured loans & leases $99
    Total loans and leases (foreign) $0

    The Canandaigua National Bank and Trust Company had $3,162,776,000 of loans outstanding in 2021. $1,904,303,000 of loans were in real estate loans. $152,126,000 of loans were in development loans. $221,891,000 of loans were in multifamily mortgage loans. $807,768,000 of loans were in 1-4 family mortgage loans. $103,000 of loans were in farm loans. $0 of loans were in credit card loans. $851,152,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 515 $151,542 $294,256
    Nonfarm, nonresidential loans - <$100k 51 $3,539 $69,392
    Nonfarm, nonresidential loans - $100-250k 173 $24,253 $140,191
    Nonfarm, nonresidential loans - $250k-1MM 291 $123,750 $425,258
    Commercial & Industrial, US addressed loans - <$1MM 5,856 $300,071 $51,242
    Commercial & Industrial, US addressed loans - <$100k 5,110 $123,006 $24,072
    Commercial & Industrial, US addressed loans - $100-250k 435 $55,566 $127,738
    Commercial & Industrial, US addressed loans - $250k-1MM 311 $121,499 $390,672
    Farmland loans - <$1MM 2 $739 $369,500
    Farmland loans - $250k-1MM 2 $739 $369,500
    Agriculture operations loans - <$1MM 7 $103 $14,714
    Agriculture operations loans - <$100k 7 $103 $14,714