The Canandaigua National Bank And Trust Company Mortgage Rates, Fees & Info
Canandaigua, NYLEI: 549300RM7ARTTP3T1V93
Tax ID: 16-0373410
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Bank Data
Review & 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 by origination volume include: Rochester, Auburn, Corning, Batavia, and Cape Coral among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)The Canandaigua National Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Canandaigua National Bank And Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
681Origination Dollar Volume (All Markets)
$150,055,000Employee count
585Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 559 | $57,415,000 | $102,710 | n/a | 4.06% |
| Conventional | 122 | $92,640,000 | $759,344 | $393 | 4.55% |
For 2021, The Canandaigua National Bank And Trust Company's most frequently originated type of loan was HELOC, with 559 originations. Their 2nd most popular type was Conventional, with 122 originations.
Loan Reason
For 2021, The Canandaigua National Bank And Trust Company's most frequently cited loan purpose was Home Improvement, with 296 originations. The 2nd most popular reason was Other, with 147 originations.
Loan Duration/Length
For 2021, The Canandaigua National Bank And Trust Company's most frequently cited loan duration was 20 Year, with 567 originations. The 2nd most popular length was 10 Year, with 100 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 42 | $2,310,000 | $55,000 |
The Canandaigua National Bank And Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 469 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications95.10%
The Canandaigua National Bank And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.01%
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 |
LTV Distribution
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 | 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 |
| 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 |
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 |