Bar Harbor Bank & Trust Mortgage Rates, Fees & Info

Bar Harbor, ME

LEI: 549300VR3QTN4GZYUR03

Tax ID: 01-0024810

5 stars - out of 5 stars, based on 36 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bar Harbor Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Bar Harbor Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Lebanon, Portland, Boston, Manchester, and Concord among others. Bar Harbor Bank & Trust has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bar Harbor Bank & Trust is typically a low fee lendor.


Originations

1,321

Origination Dollar Volume (All Markets)

$432,885,000

Employee count

420 Show all (5) awards

Relative Rate

Bar Harbor Bank & Trust's average 30 year fixed rate mortgage of loans were 3.21%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.06%.

Relative Fees

Bar Harbor Bank & Trust's average total fees for a 30 year fixed rate mortgage are $3,299.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Lebanon, NH-VT (FHA|USDA|VA) 362 $102,470,000 $283,066 $3,075 3.02%
Outside of Metro Areas 390 $101,470,000 $260,179 $3,224 3.05%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 50 $51,190,000 $1,023,800 $3,163 3.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 42 $44,690,000 $1,064,048 $4,397 3.12%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 145 $43,335,000 $298,862 $3,190 3.07%
Concord, NH (FHA|USDA|VA) 144 $41,940,000 $291,250 $3,236 3.00%
Rutland, VT (FHA|USDA|VA) 36 $8,700,000 $241,667 $3,194 2.88%
Keene, NH (FHA|USDA|VA) 32 $8,580,000 $268,125 $2,965 2.96%
Augusta-Waterville, ME (FHA|USDA|VA) 44 $7,750,000 $176,136 $2,882 3.43%
Laconia, NH (FHA|USDA|VA) 18 $6,190,000 $343,889 $3,205 3.19%
BANGOR, ME (FHA|USDA|VA) 33 $5,515,000 $167,121 $2,754 3.09%
Vineyard Haven, MA (FHA|USDA|VA) 1 $3,155,000 $3,155,000 $0 3.25%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $2,850,000 $712,500 $4,936 3.13%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 8 $1,460,000 $182,500 $3,585 2.88%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 3 $1,345,000 $448,333 $4,452 3.08%
Barre, VT (FHA|USDA|VA) 5 $1,135,000 $227,000 $3,413 2.85%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $505,000 $505,000 $6,207 3.63%
Bennington, VT (FHA|USDA|VA) 1 $335,000 $335,000 $3,753 3.38%
Berlin, NH (FHA|USDA|VA) 2 $270,000 $135,000 $2,814 3.81%

Bar Harbor Bank & Trust's top markets include Lebanon, Portland, Boston, Manchester, and Concord among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,320 $432,600,000 $327,727 $3,202 3.05%
USDA 1 $285,000 $285,000 $5,613 2.88%

For the 2021 period, Bar Harbor Bank & Trust's most frequently originated loan type of loans were Conventional, with 1,320 originations. Their 2nd most popular type is USDA, with 1 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 547 $229,555,000 $419,662 $3,618 3.21%
Refi 409 $116,875,000 $285,758 $2,779 2.80%
Cash Out Refi 329 $78,325,000 $238,070 $3,112 3.07%
Home Improvement 18 $3,840,000 $213,333 $2,639 3.27%
Other 18 $4,290,000 $238,333 $2,860 3.09%

For the 2021, Bar Harbor Bank & Trust's most frequently cited loan purpose of loans were Home Purchase, with 547 originations. The 2nd most popular reason of loans were Refi, with 409 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 716 $213,250,000 $297,835 $3,299 3.21%
15 Year 332 $66,470,000 $200,211 $2,940 2.55%
20 Year 98 $20,610,000 $210,306 $2,883 3.03%
10 Year 92 $80,580,000 $875,870 $2,703 3.15%
30+ year 69 $31,955,000 $463,116 $4,282 3.51%
Other 9 $3,215,000 $357,222 $3,961 3.64%
5 Year 4 $13,650,000 $3,412,500 $0 3.95%
3 Year 1 $3,155,000 $3,155,000 $0 3.25%

For the 2021, Bar Harbor Bank & Trust's most frequently cited loan length of loans were 30 Year, with 716 originations. The 2nd most popular length of loans were 15 Year, with 332 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 953 $257,865,000 $270,582
$1k-2k 175 $41,315,000 $236,086
$2k-3k 51 $15,165,000 $297,353
$3k-4k 30 $11,050,000 $368,333
$5k+ 11 $5,105,000 $464,091

$3,299 of loans were Bar Harbor Bank & Trust's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 953 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 527 $233,895,000 $443,824
2.5-3% 509 $141,025,000 $277,063
<2.5% 229 $44,565,000 $194,607
4-5% 53 $12,825,000 $241,981
5-6% 3 $575,000 $191,667

During 2021, Bar Harbor Bank & Trust's average interest rate of loans were 3.21%, while their most frequently originated rate bucket of loans were 3-4%, with 527 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 497 $136,505,000 $274,658 $3,245 3.10%
$100k-200k 467 $69,955,000 $149,797 $2,806 2.99%
$100,000 or less 148 $11,160,000 $75,405 $2,565 2.91%
$400k-600k 122 $59,100,000 $484,426 $3,969 3.10%
$600k-1MM 59 $45,565,000 $772,288 $4,570 3.20%
$1MM+ 28 $110,600,000 $3,950,000 $6,902 3.29%

2021 saw Bar Harbor Bank & Trust place emphasis on $200k-400k loans with 497 originations, totaling $136,505,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 299 $73,345,000 $245,301 $3,051 3.04%
$150k-250k 236 $76,220,000 $322,966 $3,445 2.98%
$50k-75k 217 $37,575,000 $173,157 $2,946 3.03%
$75k-100k 208 $39,890,000 $191,779 $3,043 2.99%
$250k+ 173 $97,005,000 $560,723 $4,119 3.01%
$50k or less 139 $16,665,000 $119,892 $2,692 3.06%

Bar Harbor Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 299 originations. The second most popular income band? $150k-250k, with 236 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 323 $81,085,000 $251,037 $3,133 2.92%
30-36% 256 $70,920,000 $277,031 $3,252 3.06%
<20% 170 $44,130,000 $259,588 $3,026 2.88%
42% 60 $18,510,000 $308,500 $3,549 3.08%
38% 56 $16,920,000 $302,143 $3,371 3.13%
44% 49 $14,155,000 $288,878 $3,536 3.19%
41% 49 $15,405,000 $314,388 $3,628 2.97%
36% 40 $11,110,000 $277,750 $3,355 3.11%
43% 38 $9,690,000 $255,000 $3,112 3.22%
37% 37 $9,295,000 $251,216 $3,219 3.10%
39% 37 $9,375,000 $253,378 $2,966 3.14%
40% 35 $11,995,000 $342,714 $3,177 3.05%
45% 33 $8,495,000 $257,424 $3,171 3.16%
49% 27 $6,015,000 $222,778 $2,985 2.97%
48% 21 $4,475,000 $213,095 $2,916 2.96%
46% 19 $3,545,000 $186,579 $2,890 2.70%
47% 15 $3,695,000 $246,333 $3,289 3.08%
50-60% 6 $1,730,000 $288,333 $3,050 2.98%

Bar Harbor Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 323 originations. The next most common DTI ratio? 30-36%, with 256 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,135 $289,695,000 $255,238 $3,176 3.01%
Not applicable 41 $90,985,000 $2,219,146 $0 4.01%
Not provided 108 $39,620,000 $366,852 $3,469 3.09%
Asian 20 $7,380,000 $369,000 $3,441 3.13%
American Indian 10 $3,050,000 $305,000 $3,013 2.86%
Filipino 1 $905,000 $905,000 $5,674 3.63%
Asian Indian 3 $665,000 $221,667 $2,708 2.96%
Black 1 $315,000 $315,000 $2,886 3.25%
Other Asian 2 $270,000 $135,000 $2,518 2.88%

Approval Rates

Total approvals of all applications
87.08%

Bar Harbor Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
79.89%

Bar Harbor Bank & Trust has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,321 $432,885,000 $327,695

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,321 $432,885,000 $327,695

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 146 $23,260,000 $159,315 $2,741 2.73%
40-60% 315 $69,885,000 $221,857 $3,017 2.84%
60-80% 548 $222,600,000 $406,204 $3,239 3.17%
80-100% 286 $101,430,000 $354,650 $3,616 3.20%
Over 100% 1 $12,375,000 $12,375,000 $0 3.12%
Under 20% 22 $2,840,000 $129,091 $2,730 3.17%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Bar Harbor Bank & Trust 188 Main Street Nashua, NH 3060 Full Service B&M $57,643
Bar Harbor Bank & Trust 100 Woodstock Avenue Rutland, VT 5701 Full Service B&M $39,236
Bar Harbor Bank & Trust 1001 Elm Street Suite 101 Manchester, NH 3101 Full Service B&M $18,293
Bar Harbor Bank & Trust 335 Main Street Waterville, ME 4901 Full Service B&M $26,887
Bar Harbor Bank & Trust 345 Washington St Claremont, NH 3743 Full Service B&M $24,753
Bar Harbor Bank & Trust 366 Wilson Street Brewer, ME 4412 Full Service B&M $44,101
Bar Harbor Bank & Trust 368 Route 3 South China, ME 4358 Full Service B&M $33,245
Bar Harbor Bank & Trust 385 Main Street Winter Harbor, ME 4693 Full Service B&M $33,696
Bar Harbor Bank & Trust 44 Moosehead Trail Newport, ME 4953 Full Service Retail $30,902
Bar Harbor Bank & Trust 468 Us Rt 4 Enfield, NH 3748 Full Service B&M $21,189
Bar Harbor Bank & Trust 5 Kilton Road Bedford, NH 3110 Full Service B&M $3,951
Bar Harbor Bank & Trust 52 Railroad Street South Royalton, VT 5068 Full Service B&M $37,491
Bar Harbor Bank & Trust 565 Route 11 Sunapee, NH 3782 Full Service B&M $58,681
Bar Harbor Bank & Trust 68 Washington Street Lubec, ME 4652 Full Service B&M $30,499
Bar Harbor Bank & Trust 69 Main Street Orono, ME 4473 Full Service B&M $34,053
Bar Harbor Bank & Trust 7 Lawrence Street Andover, NH 3216 Full Service B&M $42,144
Bar Harbor Bank & Trust 8 Loudon Road Concord, NH 3301 Full Service B&M $16,334
Bar Harbor Bank & Trust 1055 Main Street, Route 102 Mount Desert, ME 4660 Full Service B&M $25,223
Bar Harbor Bank & Trust 106 Hanover Street Lebanon, NH 3766 Full Service B&M $36,280
Bar Harbor Bank & Trust 109 Main Street Pittsfield, ME 4967 Full Service B&M $23,461
Bar Harbor Bank & Trust 111 Main Street Northeast Harbor, ME 4662 Full Service B&M $44,915
Bar Harbor Bank & Trust 115 Main Street Bradford, NH 3221 Full Service B&M $35,835
Bar Harbor Bank & Trust 116 Newport Road New London, NH 3257 Full Service B&M $100,671
Bar Harbor Bank & Trust 12 South St Hanover, NH 3755 Full Service B&M $17,888
Bar Harbor Bank & Trust 137 High Street Ellsworth, ME 4605 Full Service B&M $138,232
Bar Harbor Bank & Trust 148 Bath Road Brunswick, ME 4011 Full Service B&M $28,908
Bar Harbor Bank & Trust 15 Antrim Road Hillsboro, NH 3244 Full Service B&M $57,964
Bar Harbor Bank & Trust 150 Main Street New London, NH 3257 Full Service B&M $92,273
Bar Harbor Bank & Trust 1583 Vt 107 Bethel, VT 5032 Full Service B&M $19,850
Bar Harbor Bank & Trust 165 Route 10 Grantham, NH 3753 Full Service B&M $62,158
Bar Harbor Bank & Trust 82 Main St Bar Harbor, ME 4609 Full Service B&M $557,023
Bar Harbor Bank & Trust 83 Main Street West Lebanon, NH 3784 Full Service B&M $49,480
Bar Harbor Bank & Trust 85 N Main Street Rochester, VT 5767 Full Service B&M $22,701
Bar Harbor Bank & Trust 9 Main Street Newport, NH 3773 Full Service B&M $112,452
Bar Harbor Bank & Trust 906 West Woodstock Road Woodstock, VT 5091 Limited, Drive-thru $0
Bar Harbor Bank & Trust 920 Stillwater Avenue Bangor, ME 4401 Full Service B&M $22,800
Bar Harbor Bank & Trust 976 Route 103 Newbury, NH 3255 Full Service B&M $16,042
Bar Harbor Bank & Trust 992 Union Street Bangor, ME 4401 Full Service B&M $29,596
Bar Harbor Bank & Trust Main & Bridge Street Milbridge, ME 4658 Full Service B&M $33,643
Bar Harbor Bank & Trust One Bond Street Woodstock, VT 5091 Full Service B&M $69,091
Bar Harbor Bank & Trust Two Park Street Brandon, VT 5733 Full Service B&M $63,320
Bar Harbor Bank & Trust Us Route 7 And Depot Hill Road Pittsford, VT 5763 Full Service B&M $22,444
Bar Harbor Bank & Trust 189 Vermont Route 12 South Randolph, VT 5060 Limited, Drive-thru $2,597
Bar Harbor Bank & Trust 2-4 Main Street Peterborough, NH 3458 Full Service B&M $47,718
Bar Harbor Bank & Trust 20 Main Street Machias, ME 4654 Full Service B&M $24,041
Bar Harbor Bank & Trust 20 Methodist Lane Williamstown, VT 5679 Full Service B&M $19,595
Bar Harbor Bank & Trust 200 Heater Road Lebanon, NH 3766 Full Service B&M $65,574
Bar Harbor Bank & Trust 201 Main Street Bangor, ME 4401 Full Service B&M $81,067
Bar Harbor Bank & Trust 21 Main Street Blue Hill, ME 4614 Full Service B&M $85,136
Bar Harbor Bank & Trust 21 Main Street Randolph, VT 5060 Full Service B&M $67,942
Bar Harbor Bank & Trust 245 Camden Street (U.S. Route 1) Rockland, ME 4841 Full Service B&M $35,809
Bar Harbor Bank & Trust 25 Church Street Deer Isle, ME 4627 Full Service B&M $73,031
Bar Harbor Bank & Trust 314 Main Street Southwest Harbor, ME 4679 Full Service B&M $68,564
Bar Harbor Bank & Trust 321 Elm St Milford, NH 3055 Full Service B&M $23,089

For 2021, Bar Harbor Bank & Trust had 54 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $110,784
Net interest income $98,461
Total noninterest income $38,525
Gross Fiduciary activities income $13,381
Service charges on deposit accounts $3,938
Trading account gains and fees $0
Additional Noninterest Income $21,206
Pre-tax net operating income $53,106
Securities gains (or losses, -) $2,870
Income before extraordinary items $44,906
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $44,906
Minority interest net income $0
Net income $44,906
Sale, conversion, retirement of capital stock, net $0
Net operating income $42,610

Bar Harbor Bank & Trust's gross interest income from loans was $110,784,000.
Bar Harbor Bank & Trust's net interest income from loans was $98,461,000.
Bar Harbor Bank & Trust's fee based income from loans was $3,938,000.
Bar Harbor Bank & Trust's net income from loans was $44,906,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $12,323
Provision for credit losses $-1,124
Total noninterest expense $85,004
Salaries and employee benefits $42,729
Premises and equipment expense $11,816
Additional noninterest expense $30,459
Applicable income taxes $11,070
Net charge-offs $291
Cash dividends $15,557

Bar Harbor Bank & Trust's interest expense for loans was $12,323,000.
Bar Harbor Bank & Trust's payroll and benefits expense were $42,729,000.
Bar Harbor Bank & Trust's property, plant and equipment expenses $11,816,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 1.0%
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 $3,051,149
Deposits held in domestic offices $3,051,149
Deposits by Individuals, partnerships, and corporations $2,687,560
Deposits by U.S. Government $1,579
Deposits by States and political subdivisions in the U.S. $297,212
Deposits by Commercial banks and other depository institutions in U.S. $64,798
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $706,803
Demand deposits $218,277
Nontransaction accounts $2,344,346
Money market deposit accounts (MMDAs) $1,290,144
Other savings deposits (excluding MMDAs) $628,670
Total time deposits $425,532
Total time and savings deposits $2,832,872
Noninterest-bearing deposits $667,025
Interest-bearing deposits $2,384,124
Retail deposits $2,969,703
IRAs and Keogh plan accounts $57,409
Brokered deposits $16,145
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,706,587
Cash & Balances due from depository institutions $249,851
Interest-bearing balances $216,936
Total securities $618,268
Federal funds sold & reverse repurchase $0
Net loans and leases $2,514,716
Loan and leases loss allowance $22,718
Trading account assets $0
Bank premises and fixed assets $48,589
Other real estate owned $0
Goodwill and other intangibles $129,883
All other assets $145,280

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,706,587
Total Liabilities $3,226,673
Total deposits $3,051,149
Interest-bearing deposits $2,384,124
Deposits held in domestic offices $3,051,149
% insured (estimated) $88
Federal funds purchased and repurchase agreements $19,802
Trading liabilities $0
Other borrowed funds $98,598
Subordinated debt $0
All other liabilities $57,124

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,514,716
Loan and leases loss allowance $22,718
Total loans and leases (domestic) $2,537,434
All real estate loans $2,180,919
Real estate loans in domestic offices $2,180,919
Construction and development loans $86,221
Residential 1-4 family construction $29,958
Other construction, all land development and other land $56,263
Loans secured by nonfarm nonresidential properties $991,618
Nonfarm nonresidential secured by owner-occupied properties $238,075
Commercial real estate & other non-farm, non-residential $753,543
Multifamily residential real estate $133,549
1-4 family residential loans $950,486
Farmland loans $19,045
Loans held in foreign offices $0
Farm loans $26,791
Commercial and industrial loans $233,669
To non-U.S. addressees $203
Loans to individuals $8,121
Credit card loans $1,047
Related Plans $865
Consumer Auto Loans $1,830
Other loans to individuals $4,379
All other loans & leases $87,933
Loans to foreign governments and official institutions $0
Other loans $46,626
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $32
Restructured Loans & leases $3,848
Non 1-4 family restructured loans & leases $1,383
Total loans and leases (foreign) $0

Bar Harbor Bank & Trust had $2,514,716,000 of loans outstanding in 2021. $2,180,919,000 of loans were in real estate loans. $86,221,000 of loans were in development loans. $133,549,000 of loans were in multifamily mortgage loans. $950,486,000 of loans were in 1-4 family mortgage loans. $26,791,000 of loans were in farm loans. $1,047,000 of loans were in credit card loans. $1,830,000 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 902 $165,743 $183,751
Nonfarm, nonresidential loans - <$100k 173 $5,457 $31,543
Nonfarm, nonresidential loans - $100-250k 339 $37,974 $112,018
Nonfarm, nonresidential loans - $250k-1MM 390 $122,312 $313,621
Commercial & Industrial, US addressed loans - <$1MM 1,448 $57,401 $39,642
Commercial & Industrial, US addressed loans - <$100k 1,112 $12,811 $11,521
Commercial & Industrial, US addressed loans - $100-250k 204 $16,110 $78,971
Commercial & Industrial, US addressed loans - $250k-1MM 132 $28,480 $215,758
Farmland loans - <$1MM 16 $1,666 $104,125
Farmland loans - <$100k 7 $204 $29,143
Farmland loans - $100-250k 9 $1,462 $162,444
Agriculture operations loans - <$1MM 217 $13,348 $61,512
Agriculture operations loans - <$100k 139 $3,393 $24,410
Agriculture operations loans - $100-250k 62 $6,615 $106,694
Agriculture operations loans - $250k-1MM 16 $3,340 $208,750