Citizens Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, Citizens Bank & Trust Company of Van Buren, AR reported 469 mortgage applications totaling $53.6 million, down 17% from 2007. The average application was for $114,292, and applicants reported an average income of $71,820. 85% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Fort Smith, AR-OK (457), Fayetteville-Springdale-Rogers, AR-MO (5) and Little Rock-North Little Rock-Conway, AR (3) (applications in parentheses).
| Mortgage Company & Address | Citizens Bank & Trust Company Po Box 469 Van Buren, AR 72956 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 469 |
| Total Mortgage Loan Application Amount | $53,603,000 |
| Average Mortgage Loan Application Amount | $114,292 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $71,820 |
| Highest Applicant Income | $1,829,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Citizens Bank & Trust Company in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 243 | $28,889,000 | $118,000 | $1,600,000 | $62,000 | $1,545,000 |
| Home Purchase | 206 | $23,795,000 | $115,000 | $983,000 | $83,000 | $1,829,000 |
| Home Improvement | 20 | $919,000 | $45,000 | $193,000 | $76,000 | $221,000 |
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 | 404 | $47,210,000 | $116,000 | $1,600,000 | $81,000 | $1,829,000 |
| Not applicable | 39 | $4,041,000 | $103,000 | $989,000 | $0 | $0 |
| Hispanic | 15 | $806,000 | $53,000 | $168,000 | $43,000 | $86,000 |
| Black or African American | 6 | $1,022,000 | $170,000 | $400,000 | $81,000 | $165,000 |
| Asian | 3 | $227,000 | $75,000 | $125,000 | $22,000 | $35,000 |
| American Indian or Alaskan Native | 1 | $192,000 | $192,000 | $192,000 | $38,000 | $38,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $105,000 | $105,000 | $105,000 | $42,000 | $42,000 |
| Not Provided | 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) | 393 | $45,236,000 | $115,000 | $1,600,000 | $77,000 | $1,829,000 |
| FHA-insured (Federal Housing Administration) | 62 | $6,648,000 | $107,000 | $186,000 | $47,000 | $160,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,185,000 | $131,000 | $228,000 | $46,000 | $98,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $534,000 | $106,000 | $150,000 | $47,000 | $91,000 |
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 | 397 | $46,349,000 | $116,000 | $1,600,000 | $77,000 | $1,829,000 |
| Application Denied By Financial Institution | 48 | $4,505,000 | $93,000 | $400,000 | $44,000 | $185,000 |
| Application Withdrawn By Applicant | 24 | $2,749,000 | $114,000 | $247,000 | $46,000 | $105,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 18 | $1,213,000 | $67,000 | $191,000 | $50,000 | $105,000 |
| Debt-To-Income Ratio | 15 | $1,772,000 | $118,000 | $400,000 | $39,000 | $185,000 |
| Other | 6 | $720,000 | $120,000 | $201,000 | $43,000 | $63,000 |
| Employment History | 4 | $319,000 | $79,000 | $119,000 | $23,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $377,000 | $125,000 | $244,000 | $69,000 | $107,000 |
| Unverifiable Information | 1 | $64,000 | $64,000 | $64,000 | $35,000 | $35,000 |
| Credit Application Incomplete | 1 | $40,000 | $40,000 | $40,000 | $15,000 | $15,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Bank & Trust Company's 2008 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 Citizens Bank & Trust Company'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.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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