American State Bank Mortgage Lending & HMDA Data, 2022
In 2022, American State Bank of Arp, TX reported 324 mortgage applications totaling $321.1 million, up 159% from 2021. The average application was for $990,987, and applicants reported an average income of $310,274. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (58), Tyler, TX (49) and Lubbock, TX (43) (applications in parentheses).
| Mortgage Company & Address | American State Bank 1116 Troup Hwy Arp, TX 75701 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 324 |
| Total Mortgage Loan Application Amount | $321,080,000 |
| Average Mortgage Loan Application Amount | $990,987 |
| Highest Mortgage Loan Application Amount | $16,005,000 |
| Average Applicant Income | $310,274 |
| Highest Applicant Income | $4,727,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 88 | $ 52,170,000 | $ 592,840 | $ 239,172 |
| Houston-The Woodlands-Sugar Land, TX | 58 | $ 61,470,000 | $ 1,059,827 | $ 400,000 |
| Tyler, TX | 49 | $ 23,175,000 | $ 472,959 | $ 356,000 |
| Lubbock, TX | 43 | $ 24,845,000 | $ 577,790 | $ 306,000 |
| Amarillo, TX | 20 | $ 21,960,000 | $ 1,098,000 | $ 146,000 |
| Dallas-Plano-Irving, TX | 13 | $ 34,135,000 | $ 2,625,769 | $ 320,000 |
| Austin-Round Rock, TX | 11 | $ 8,755,000 | $ 795,909 | $ 394,000 |
| Fort Worth-Arlington, TX | 10 | $ 12,060,000 | $ 1,206,000 | $ 158,000 |
| Crestview-Fort Walton Beach-Destin, FL | 5 | $ 5,415,000 | $ 1,083,000 | $ 481,000 |
| Longview, TX | 5 | $ 15,295,000 | $ 3,059,000 | $ 1,723,000 |
| San Antonio-New Braunfels, TX | 5 | $ 10,275,000 | $ 2,055,000 | $ 154,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 1,060,000 | $ 530,000 | $ 188,000 |
| Hammond, LA | 2 | $ 3,150,000 | $ 1,575,000 | $ 0 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 1,605,000 | $ 1,605,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 5,565,000 | $ 5,565,000 | $ 0 |
| Beaumont-Port Arthur, TX | 1 | $ 205,000 | $ 205,000 | $ 432,000 |
| Cleveland-Elyria, OH | 1 | $ 465,000 | $ 465,000 | $ 222,000 |
| Colorado Springs, CO | 1 | $ 5,565,000 | $ 5,565,000 | $ 0 |
| Columbia, SC | 1 | $ 215,000 | $ 215,000 | $ 57,000 |
| El Paso, TX | 1 | $ 16,005,000 | $ 16,005,000 | $ 0 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 525,000 | $ 525,000 | $ 0 |
| San Diego-Carlsbad, CA | 1 | $ 7,005,000 | $ 7,005,000 | $ 0 |
| Sherman-Denison, TX | 1 | $ 225,000 | $ 225,000 | $ 71,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 475,000 | $ 475,000 | $ 179,000 |
| Wichita Falls, TX | 1 | $ 9,255,000 | $ 9,255,000 | $ 0 |
Mortgage Loan Application Detail Totals for American State Bank in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 199 | $203,175,000 | $1,020,000 | $9,965,000 | $379,000 | $4,727,000 |
| Cash-out Refinancing | 77 | $101,205,000 | $1,314,000 | $16,005,000 | $227,000 | $858,000 |
| Refinancing | 37 | $15,285,000 | $413,000 | $2,825,000 | $170,000 | $628,000 |
| Other Purpose | 6 | $890,000 | $148,000 | $255,000 | $74,000 | $93,000 |
| Home Improvement | 5 | $525,000 | $105,000 | $185,000 | $179,000 | $401,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 147 | $80,035,000 | $544,000 | $4,005,000 | $333,000 | $4,727,000 |
| Not applicable | 127 | $216,805,000 | $1,707,000 | $16,005,000 | $0 | $0 |
| Not Provided | 21 | $9,475,000 | $451,000 | $1,425,000 | $197,000 | $478,000 |
| Hispanic | 16 | $5,710,000 | $356,000 | $1,855,000 | $323,000 | $1,317,000 |
| Black or African American | 9 | $3,875,000 | $430,000 | $1,035,000 | $245,000 | $565,000 |
| Asian | 1 | $405,000 | $405,000 | $405,000 | $325,000 | $325,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 323 | $320,865,000 | $993,000 | $16,005,000 | $321,000 | $4,727,000 |
| VA-guaranteed (Veterans Administration) | 1 | $215,000 | $215,000 | $215,000 | $57,000 | $57,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 261 | $290,125,000 | $1,111,000 | $16,005,000 | $363,000 | $4,727,000 |
| Application Withdrawn By Applicant | 32 | $12,650,000 | $395,000 | $2,005,000 | $250,000 | $1,243,000 |
| Application Denied By Financial Institution | 21 | $9,815,000 | $467,000 | $3,285,000 | $134,000 | $595,000 |
| Application Approved But Not Accepted | 6 | $6,830,000 | $1,138,000 | $2,825,000 | $472,000 | $1,728,000 |
| File Closed For Incompleteness | 4 | $1,660,000 | $415,000 | $505,000 | $212,000 | $364,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 324 | $321,080,000 | $990,000 | $16,005,000 | $319,000 | $4,727,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American State Bank's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess American State Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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