Elk Horn Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Elk Horn Bank & Trust of Arkadelphia, AR reported 166 mortgage applications totaling $13.4 million. The average application was for $80,626, and applicants reported an average income of $67,295. 59% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Hot Springs, AR (21), Fayetteville-Springdale-Rogers, AR-MO (1) and Little Rock-North Little Rock, AR (1) (applications in parentheses).
| Mortgage Company & Address | Elk Horn Bank & Trust P O Box 248 Arkadelphia, AR 71923 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 |
| Total Number of Mortgage Applications | 166 |
| Total Mortgage Loan Application Amount | $13,384,000 |
| Average Mortgage Loan Application Amount | $80,626 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $67,295 |
| Highest Applicant Income | $457,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Elk Horn Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Elk Horn Bank & Trust in 2006
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 | 84 | $9,113,000 | $108,000 | $650,000 | $81,000 | $457,000 |
| Refinancing | 57 | $3,927,000 | $68,000 | $289,000 | $56,000 | $300,000 |
| Home Improvement | 25 | $344,000 | $13,000 | $76,000 | $47,000 | $95,000 |
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 | 133 | $10,350,000 | $77,000 | $548,000 | $73,000 | $457,000 |
| Black or African American | 18 | $675,000 | $37,000 | $104,000 | $36,000 | $89,000 |
| Not Provided | 7 | $160,000 | $22,000 | $80,000 | $42,000 | $71,000 |
| Not applicable | 5 | $1,433,000 | $286,000 | $585,000 | $22,000 | $70,000 |
| Hispanic | 2 | $765,000 | $382,000 | $650,000 | $186,000 | $309,000 |
| American Indian or Alaskan Native | 1 | $1,000 | $1,000 | $1,000 | $10,000 | $10,000 |
| Asian | 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) | 164 | $13,247,000 | $80,000 | $650,000 | $68,000 | $457,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $137,000 | $68,000 | $88,000 | $43,000 | $62,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 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 | 98 | $8,462,000 | $86,000 | $585,000 | $82,000 | $457,000 |
| Application Denied By Financial Institution | 42 | $2,189,000 | $52,000 | $310,000 | $37,000 | $220,000 |
| Application Approved But Not Accepted | 13 | $1,584,000 | $121,000 | $650,000 | $74,000 | $309,000 |
| Application Withdrawn By Applicant | 11 | $1,074,000 | $97,000 | $210,000 | $51,000 | $127,000 |
| File Closed For Incompleteness | 2 | $75,000 | $37,000 | $49,000 | $34,000 | $43,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Elk Horn Bank & Trust's 2006 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 Elk Horn Bank & Trust'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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