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


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