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ADIRONDACK BANK

UTICA, NY

ADIRONDACK BANK processed 364 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 237 loans with a 13.2% denial rate. Home Purchase was the primary loan purpose. Based in UTICA, NY. The approval rate of 65.1% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. ADIRONDACK BANK processed 364 HMDA-reported mortgage applications in 2024, originating 237 loans and denying 48 for a denial rate of 13.2% (applicants themselves withdrew 54 files before a decision). The average loan amount was $204,093 at a 6.785% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 549300EZG6KIP4HOUR65 from UTICA, NY.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. ADIRONDACK BANK's 65.1% origination rate tells you how often an application turned into funded money; the 13.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (364 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

364
Applications
237
Originated
13.2%
Denial Rate
$204,093
Avg Loan Amount
Avg Interest Rate: 6.785% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 364 237 48 $204,093

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for ADIRONDACK BANK (LEI: 549300EZG6KIP4HOUR65) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
27
Debt-to-income ratio
15
Collateral
5
Credit application incomplete
3
Insufficient cash
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 227 161 $258,480
Home Improvement 67 35 $108,134
Refinancing 40 27 $126,500
Other 20 8 $58,500
Cash-out Refinancing 10 6 $214,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 313 64.2% 14.4%
Asian 22 81.8% 0.0%
Black or African American 4 50.0% 50.0%
Joint 3 100.0% 0.0%
2 or more minority races 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 302 67.2% 12.6%
Hispanic or Latino 23 52.2% 21.7%
Joint 4 50.0% 25.0%

Nearby Lenders in NY

Other HMDA-reporting lenders in NY with similar activity. Compare any two side-by-side.

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T BANK

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

BETHPAGE FEDERAL CREDIT UNION

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare ADIRONDACK BANK vs Citibank, NA →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

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Frequently Asked Questions

How many mortgage applications did ADIRONDACK BANK process?
ADIRONDACK BANK processed 364 mortgage applications in the 2023 HMDA reporting year. Of these, 237 were originated (approved and funded), 54 were withdrawn by the applicant, and 48 were denied.
What is ADIRONDACK BANK's mortgage approval rate?
ADIRONDACK BANK has an approval (origination) rate of 65.1%, meaning 65.1% of all applications resulted in a funded mortgage. The denial rate is 13.2%.
What is the average loan amount at ADIRONDACK BANK?
The average mortgage loan amount at ADIRONDACK BANK is $204,093. The average interest rate is 6.785%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at ADIRONDACK BANK?
The most common reasons for mortgage denial at ADIRONDACK BANK are: Credit history, Debt-to-income ratio, Collateral. In total, 48 applications were denied out of 364 total applications.
What types of mortgage loans does ADIRONDACK BANK offer?
ADIRONDACK BANK processes Conventional loans. The most common type is Conventional with 364 applications and an average loan amount of $204,093.
What loan purposes does ADIRONDACK BANK serve?
ADIRONDACK BANK serves the following loan purposes: Home Purchase (227 applications), Home Improvement (67 applications), Refinancing (40 applications), Other (20 applications), Cash-out Refinancing (10 applications). Home Purchase is the most common purpose.
Where is ADIRONDACK BANK located?
ADIRONDACK BANK is headquartered in UTICA, NY. The lender is identified by LEI 549300EZG6KIP4HOUR65 in HMDA data.
How does ADIRONDACK BANK compare in lending across racial demographics?
ADIRONDACK BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.2% and denial rate of 14.4%; Asian applicants have an approval rate of 81.8% and denial rate of 0.0%; Black or African American applicants have an approval rate of 50.0% and denial rate of 50.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.