Farmers Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Farmers Bank & Trust of Magnolia, AR reported 939 mortgage applications totaling $111.8 million, about the same as 2016. The average application was for $119,096, and applicants reported an average income of $79,715. 83% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Texarkana, TX-AR (220), Little Rock-North Little Rock-Conway, AR (56) and Shreveport-Bossier City, LA (27) (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 | 939 |
| Total Mortgage Loan Application Amount | $111,832,000 |
| Average Mortgage Loan Application Amount | $119,096 |
| Highest Mortgage Loan Application Amount | $3,740,000 |
| Average Applicant Income | $79,715 |
| Highest Applicant Income | $2,229,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 253 | $ 26,815,000 | $ 105,988 | $ 78,000 |
| Bowie, Texas | 155 | $ 28,895,000 | $ 186,419 | $ 101,000 |
| Ouachita, Arkansas | 114 | $ 7,554,000 | $ 66,263 | $ 71,000 |
| Hempstead, Arkansas | 68 | $ 2,870,000 | $ 42,205 | $ 50,000 |
| Miller, Arkansas | 62 | $ 9,335,000 | $ 150,564 | $ 97,000 |
| Hot Spring, Arkansas | 49 | $ 3,197,000 | $ 65,244 | $ 65,000 |
| Saline, Arkansas | 48 | $ 9,585,000 | $ 199,687 | $ 78,000 |
| Lafayette, Arkansas | 29 | $ 1,806,000 | $ 62,275 | $ 68,000 |
| Garland, Arkansas | 25 | $ 5,138,000 | $ 205,520 | $ 110,000 |
| Union, Arkansas | 22 | $ 2,847,000 | $ 129,409 | $ 69,000 |
| Webster, Louisiana | 18 | $ 1,763,000 | $ 97,944 | $ 64,000 |
| Nevada, Arkansas | 14 | $ 780,000 | $ 55,714 | $ 49,000 |
| Calhoun, Arkansas | 12 | $ 583,000 | $ 48,583 | $ 49,000 |
| Cass, Texas | 9 | $ 842,000 | $ 93,555 | $ 84,000 |
| Pike, Arkansas | 5 | $ 885,000 | $ 177,000 | $ 117,000 |
| Pulaski, Arkansas | 5 | $ 728,000 | $ 145,600 | $ 31,000 |
| Caddo, Louisiana | 5 | $ 1,449,000 | $ 289,800 | $ 279,000 |
| Clark, Arkansas | 4 | $ 429,000 | $ 107,250 | $ 50,000 |
| Howard, Arkansas | 4 | $ 169,000 | $ 42,250 | $ 54,000 |
| Bossier, Louisiana | 4 | $ 512,000 | $ 128,000 | $ 49,000 |
| Benton, Arkansas | 3 | $ 500,000 | $ 166,666 | $ 99,000 |
| Little River, Arkansas | 3 | $ 407,000 | $ 135,666 | $ 80,000 |
| Faulkner, Arkansas | 2 | $ 221,000 | $ 110,500 | $ 45,000 |
| Sevier, Arkansas | 2 | $ 186,000 | $ 93,000 | $ 66,000 |
| Claiborne, Louisiana | 2 | $ 179,000 | $ 89,500 | $ 109,000 |
| Madison, Mississippi | 2 | $ 334,000 | $ 167,000 | $ 45,000 |
| Bryan, Oklahoma | 2 | $ 242,000 | $ 121,000 | $ 100,000 |
| Collin, Texas | 2 | $ 419,000 | $ 209,500 | $ 54,000 |
| Arkansas, Arkansas | 1 | $ 2,000 | $ 2,000 | $ 26,000 |
| Dallas, Arkansas | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Grant, Arkansas | 1 | $ 124,000 | $ 124,000 | $ 114,000 |
| Montgomery, Arkansas | 1 | $ 48,000 | $ 48,000 | $ 18,000 |
| Pope, Arkansas | 1 | $ 126,000 | $ 126,000 | $ 46,000 |
| Washington, Arkansas | 1 | $ 255,000 | $ 255,000 | $ 99,000 |
| White, Arkansas | 1 | $ 207,000 | $ 207,000 | $ 123,000 |
| Morehouse, Louisiana | 1 | $ 60,000 | $ 60,000 | $ 30,000 |
| Howell, Missouri | 1 | $ 94,000 | $ 94,000 | $ 21,000 |
| Dallas, Texas | 1 | $ 169,000 | $ 169,000 | $ 91,000 |
| Denton, Texas | 1 | $ 340,000 | $ 340,000 | $ 62,000 |
| Ellis, Texas | 1 | $ 296,000 | $ 296,000 | $ 98,000 |
| Harrison, Texas | 1 | $ 218,000 | $ 218,000 | $ 112,000 |
| Red River, Texas | 1 | $ 106,000 | $ 106,000 | $ 44,000 |
| Tarrant, Texas | 1 | $ 760,000 | $ 760,000 | $ 372,000 |
| Wood, Texas | 1 | $ 192,000 | $ 192,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2017
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 | 496 | $74,019,000 | $149,000 | $3,740,000 | $83,000 | $951,000 |
| Home Improvement | 291 | $8,110,000 | $27,000 | $325,000 | $63,000 | $412,000 |
| Refinancing | 152 | $29,703,000 | $195,000 | $1,940,000 | $101,000 | $2,229,000 |
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 | 713 | $89,950,000 | $126,000 | $2,200,000 | $92,000 | $2,229,000 |
| Black or African American | 109 | $5,535,000 | $50,000 | $292,000 | $56,000 | $417,000 |
| Not applicable | 68 | $13,073,000 | $192,000 | $3,740,000 | $0 | $0 |
| Hispanic | 44 | $2,455,000 | $55,000 | $478,000 | $53,000 | $160,000 |
| Asian | 4 | $816,000 | $204,000 | $340,000 | $96,000 | $145,000 |
| Not Provided | 1 | $3,000 | $3,000 | $3,000 | $68,000 | $68,000 |
| 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) | 857 | $98,506,000 | $114,000 | $3,740,000 | $80,000 | $2,229,000 |
| FHA-insured (Federal Housing Administration) | 56 | $8,717,000 | $155,000 | $280,000 | $71,000 | $134,000 |
| VA-guaranteed (Veterans Administration) | 22 | $4,348,000 | $197,000 | $383,000 | $67,000 | $131,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $261,000 | $65,000 | $86,000 | $48,000 | $76,000 |
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 | 783 | $95,731,000 | $122,000 | $3,740,000 | $83,000 | $2,229,000 |
| Application Denied By Financial Institution | 95 | $8,730,000 | $91,000 | $2,200,000 | $46,000 | $360,000 |
| Application Approved But Not Accepted | 53 | $6,783,000 | $127,000 | $397,000 | $89,000 | $487,000 |
| Application Withdrawn By Applicant | 7 | $522,000 | $74,000 | $220,000 | $38,000 | $125,000 |
| Loan Purchased By The Institution | 1 | $66,000 | $66,000 | $66,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 2017 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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