Farmers Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Farmers Bank & Trust of Magnolia, AR reported 708 mortgage applications totaling $59.0 million. The average application was for $83,319, and applicants reported an average income of $62,028. 83% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (25), Hot Springs, AR (10) and Texarkana, Tx-Texarkana, AR (6) (applications in parentheses).
| Mortgage Company & Address | Farmers Bank & Trust 200 E Main St Magnolia, AR 71753 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 |
| Total Number of Mortgage Applications | 708 |
| Total Mortgage Loan Application Amount | $58,990,000 |
| Average Mortgage Loan Application Amount | $83,319 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $62,028 |
| Highest Applicant Income | $687,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Columbia, Arkansas | 331 | $ 27,687,000 | $ 83,646 | $ 67,000 |
| Ouachita, Arkansas | 186 | $ 9,483,000 | $ 50,983 | $ 58,000 |
| Hot Spring, Arkansas | 58 | $ 2,713,000 | $ 46,775 | $ 49,000 |
| Lafayette, Arkansas | 21 | $ 883,000 | $ 42,047 | $ 50,000 |
| Union, Arkansas | 16 | $ 1,132,000 | $ 70,750 | $ 33,000 |
| Calhoun, Arkansas | 12 | $ 686,000 | $ 57,166 | $ 60,000 |
| Garland, Arkansas | 10 | $ 8,333,000 | $ 833,300 | $ 50,000 |
| Pulaski, Arkansas | 10 | $ 1,463,000 | $ 146,300 | $ 132,000 |
| Saline, Arkansas | 10 | $ 1,350,000 | $ 135,000 | $ 89,000 |
| Dallas, Arkansas | 7 | $ 295,000 | $ 42,142 | $ 33,000 |
| Webster, Louisiana | 7 | $ 587,000 | $ 83,857 | $ 69,000 |
| Ashley, Arkansas | 5 | $ 321,000 | $ 64,200 | $ 49,000 |
| Miller, Arkansas | 5 | $ 763,000 | $ 152,600 | $ 72,000 |
| Nevada, Arkansas | 5 | $ 239,000 | $ 47,800 | $ 40,000 |
| Faulkner, Arkansas | 3 | $ 564,000 | $ 188,000 | $ 83,000 |
| Sebastian, Arkansas | 3 | $ 469,000 | $ 156,333 | $ 5,000 |
| Bossier, Louisiana | 3 | $ 109,000 | $ 36,333 | $ 56,000 |
| Claiborne, Louisiana | 2 | $ 232,000 | $ 116,000 | $ 51,000 |
| Benton, Arkansas | 1 | $ 162,000 | $ 162,000 | $ 41,000 |
| Clark, Arkansas | 1 | $ 5,000 | $ 5,000 | $ 66,000 |
| Grant, Arkansas | 1 | $ 35,000 | $ 35,000 | $ 47,000 |
| Hempstead, Arkansas | 1 | $ 218,000 | $ 218,000 | $ 53,000 |
| Jefferson, Arkansas | 1 | $ 8,000 | $ 8,000 | $ 100,000 |
| Lonoke, Arkansas | 1 | $ 450,000 | $ 450,000 | $ 186,000 |
| White, Arkansas | 1 | $ 12,000 | $ 12,000 | $ 58,000 |
| Caddo, Louisiana | 1 | $ 99,000 | $ 99,000 | $ 40,000 |
| Ouachita, Louisiana | 1 | $ 20,000 | $ 20,000 | $ 17,000 |
| Union, Louisiana | 1 | $ 112,000 | $ 112,000 | $ 255,000 |
| Newton, Mississippi | 1 | $ 205,000 | $ 205,000 | $ 52,000 |
| Bowie, Texas | 1 | $ 106,000 | $ 106,000 | $ 35,000 |
| Montgomery, Texas | 1 | $ 64,000 | $ 64,000 | $ 0 |
| Travis, Texas | 1 | $ 185,000 | $ 185,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2009
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 | 306 | $36,823,000 | $120,000 | $5,000,000 | $65,000 | $687,000 |
| Home Improvement | 242 | $7,793,000 | $32,000 | $491,000 | $53,000 | $350,000 |
| Refinancing | 160 | $14,374,000 | $89,000 | $616,000 | $70,000 | $619,000 |
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 | 546 | $44,721,000 | $81,000 | $616,000 | $70,000 | $687,000 |
| Black or African American | 111 | $3,229,000 | $29,000 | $230,000 | $42,000 | $118,000 |
| Not applicable | 33 | $10,026,000 | $303,000 | $5,000,000 | $1,000 | $45,000 |
| Hispanic | 8 | $307,000 | $38,000 | $87,000 | $43,000 | $80,000 |
| Asian | 5 | $317,000 | $63,000 | $124,000 | $36,000 | $65,000 |
| American Indian or Alaskan Native | 3 | $233,000 | $77,000 | $128,000 | $42,000 | $59,000 |
| Not Provided | 2 | $157,000 | $78,000 | $80,000 | $93,000 | $122,000 |
| 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) | 706 | $58,909,000 | $83,000 | $5,000,000 | $62,000 | $687,000 |
| FHA-insured (Federal Housing Administration) | 2 | $81,000 | $40,000 | $69,000 | $21,000 | $23,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 | 590 | $52,463,000 | $88,000 | $5,000,000 | $65,000 | $687,000 |
| Application Denied By Financial Institution | 88 | $4,382,000 | $49,000 | $236,000 | $38,000 | $119,000 |
| Application Withdrawn By Applicant | 28 | $2,006,000 | $71,000 | $200,000 | $67,000 | $200,000 |
| Application Approved But Not Accepted | 2 | $139,000 | $69,000 | $112,000 | $57,000 | $88,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| 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 Farmers Bank & Trust's 2009 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 Farmers 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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