The Canandaigua National Bank And Trust Company Mortgage Rates, Fees & Info
Canandaigua, NY
LEI: 549300RM7ARTTP3T1V93
Tax ID: 16-0373410
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Mortgage Data
Bank 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
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.
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 |