Farmers Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Farmers Bank & Trust of Magnolia, AR reported 801 mortgage applications totaling $131.0 million, up 7% from 2018. The average application was for $163,564, and applicants reported an average income of $116,393. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Texarkana, TX-AR (287), Little Rock-North Little Rock-Conway, AR (55) and Hot Springs, AR (29) (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 | 801 |
| Total Mortgage Loan Application Amount | $131,015,000 |
| Average Mortgage Loan Application Amount | $163,564 |
| Highest Mortgage Loan Application Amount | $2,335,000 |
| Average Applicant Income | $116,393 |
| Highest Applicant Income | $1,722,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bowie, Texas | 212 | $ 30,800,000 | $ 145,283 | $ 137,000 |
| Columbia, Arkansas | 164 | $ 26,630,000 | $ 162,378 | $ 94,000 |
| Miller, Arkansas | 71 | $ 9,945,000 | $ 140,070 | $ 91,000 |
| Ouachita, Arkansas | 56 | $ 6,100,000 | $ 108,928 | $ 95,000 |
| Hempstead, Arkansas | 44 | $ 5,160,000 | $ 117,272 | $ 115,000 |
| Saline, Arkansas | 41 | $ 5,975,000 | $ 145,731 | $ 72,000 |
| Garland, Arkansas | 29 | $ 6,765,000 | $ 233,275 | $ 140,000 |
| Hot Spring, Arkansas | 21 | $ 1,945,000 | $ 92,619 | $ 66,000 |
| Lafayette, Arkansas | 17 | $ 2,135,000 | $ 125,588 | $ 83,000 |
| Union, Arkansas | 16 | $ 4,410,000 | $ 275,625 | $ 210,000 |
| Pulaski, Arkansas | 10 | $ 2,910,000 | $ 291,000 | $ 178,000 |
| Brazos, Texas | 9 | $ 2,625,000 | $ 291,666 | $ 154,000 |
| Collin, Texas | 8 | $ 3,270,000 | $ 408,750 | $ 342,000 |
| Calhoun, Arkansas | 7 | $ 755,000 | $ 107,857 | $ 84,000 |
| Nevada, Arkansas | 7 | $ 555,000 | $ 79,285 | $ 62,000 |
| Montgomery, Texas | 7 | $ 1,695,000 | $ 242,142 | $ 234,000 |
| Webster, Louisiana | 6 | $ 550,000 | $ 91,666 | $ 78,000 |
| Washington, Arkansas | 5 | $ 1,265,000 | $ 253,000 | $ 171,000 |
| Dallas, Texas | 5 | $ 1,975,000 | $ 395,000 | $ 126,000 |
| Little River, Arkansas | 4 | $ 600,000 | $ 150,000 | $ 83,000 |
| Cass, Texas | 4 | $ 920,000 | $ 230,000 | $ 110,000 |
| Grayson, Texas | 4 | $ 1,070,000 | $ 267,500 | $ 123,000 |
| Dallas, Arkansas | 3 | $ 135,000 | $ 45,000 | $ 55,000 |
| Pike, Arkansas | 3 | $ 215,000 | $ 71,666 | $ 217,000 |
| Claiborne, Louisiana | 3 | $ 155,000 | $ 51,666 | $ 52,000 |
| Benton, Arkansas | 2 | $ 1,110,000 | $ 555,000 | $ 446,000 |
| Faulkner, Arkansas | 2 | $ 350,000 | $ 175,000 | $ 74,000 |
| Orleans, Louisiana | 2 | $ 1,080,000 | $ 540,000 | $ 574,000 |
| Oklahoma, Oklahoma | 2 | $ 270,000 | $ 135,000 | $ 144,000 |
| Gregg, Texas | 2 | $ 300,000 | $ 150,000 | $ 104,000 |
| Harris, Texas | 2 | $ 310,000 | $ 155,000 | $ 71,000 |
| Lubbock, Texas | 2 | $ 520,000 | $ 260,000 | $ 103,000 |
| Baldwin, Alabama | 1 | $ 255,000 | $ 255,000 | $ 310,000 |
| Baxter, Arkansas | 1 | $ 195,000 | $ 195,000 | $ 68,000 |
| Clark, Arkansas | 1 | $ 245,000 | $ 245,000 | $ 149,000 |
| Howard, Arkansas | 1 | $ 225,000 | $ 225,000 | $ 57,000 |
| Lonoke, Arkansas | 1 | $ 45,000 | $ 45,000 | $ 135,000 |
| Marion, Arkansas | 1 | $ 165,000 | $ 165,000 | $ 114,000 |
| Perry, Arkansas | 1 | $ 35,000 | $ 35,000 | $ 41,000 |
| Sebastian, Arkansas | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Sevier, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 117,000 |
| Eagle, Colorado | 1 | $ 1,805,000 | $ 1,805,000 | $ 0 |
| Bay, Florida | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Bossier, Louisiana | 1 | $ 85,000 | $ 85,000 | $ 93,000 |
| Caddo, Louisiana | 1 | $ 75,000 | $ 75,000 | $ 30,000 |
| Lincoln, Louisiana | 1 | $ 155,000 | $ 155,000 | $ 137,000 |
| Madison, Mississippi | 1 | $ 195,000 | $ 195,000 | $ 124,000 |
| Caddo, Oklahoma | 1 | $ 205,000 | $ 205,000 | $ 181,000 |
| McIntosh, Oklahoma | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Sevier, Tennessee | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Anderson, Texas | 1 | $ 205,000 | $ 205,000 | $ 162,000 |
| Bexar, Texas | 1 | $ 475,000 | $ 475,000 | $ 129,000 |
| Denton, Texas | 1 | $ 445,000 | $ 445,000 | $ 246,000 |
| Fannin, Texas | 1 | $ 295,000 | $ 295,000 | $ 171,000 |
| Fort Bend, Texas | 1 | $ 485,000 | $ 485,000 | $ 239,000 |
| Franklin, Texas | 1 | $ 325,000 | $ 325,000 | $ 264,000 |
| Grimes, Texas | 1 | $ 75,000 | $ 75,000 | $ 63,000 |
| Kerr, Texas | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Kleberg, Texas | 1 | $ 315,000 | $ 315,000 | $ 225,000 |
| McLennan, Texas | 1 | $ 205,000 | $ 205,000 | $ 549,000 |
| San Augustine, Texas | 1 | $ 205,000 | $ 205,000 | $ 59,000 |
| Smith, Texas | 1 | $ 105,000 | $ 105,000 | $ 40,000 |
| Tarrant, Texas | 1 | $ 265,000 | $ 265,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2019
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 | 541 | $88,195,000 | $163,000 | $2,335,000 | $112,000 | $1,149,000 |
| Refinancing | 173 | $32,845,000 | $189,000 | $1,155,000 | $139,000 | $1,722,000 |
| Cash-out Refinancing | 35 | $6,855,000 | $195,000 | $485,000 | $141,000 | $1,149,000 |
| Home Improvement | 35 | $2,305,000 | $65,000 | $305,000 | $70,000 | $164,000 |
| Other Purpose | 17 | $815,000 | $47,000 | $175,000 | $71,000 | $135,000 |
| 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 | 559 | $97,405,000 | $174,000 | $1,155,000 | $123,000 | $1,722,000 |
| Not applicable | 125 | $20,025,000 | $160,000 | $2,335,000 | $0 | $0 |
| Black or African American | 63 | $6,605,000 | $104,000 | $385,000 | $67,000 | $425,000 |
| Hispanic | 36 | $3,760,000 | $104,000 | $405,000 | $62,000 | $178,000 |
| Not Provided | 11 | $1,575,000 | $143,000 | $395,000 | $104,000 | $264,000 |
| Asian | 6 | $1,540,000 | $256,000 | $485,000 | $320,000 | $878,000 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $205,000 | $205,000 |
| 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) | 679 | $110,495,000 | $162,000 | $2,335,000 | $125,000 | $1,722,000 |
| FHA-insured (Federal Housing Administration) | 60 | $9,910,000 | $165,000 | $355,000 | $79,000 | $549,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 38 | $5,190,000 | $136,000 | $275,000 | $52,000 | $84,000 |
| VA-guaranteed (Veterans Administration) | 24 | $5,420,000 | $225,000 | $575,000 | $105,000 | $316,000 |
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 | 745 | $125,455,000 | $168,000 | $2,335,000 | $120,000 | $1,722,000 |
| Application Denied By Financial Institution | 30 | $1,860,000 | $62,000 | $285,000 | $49,000 | $143,000 |
| Application Approved But Not Accepted | 17 | $2,265,000 | $133,000 | $485,000 | $116,000 | $489,000 |
| Application Withdrawn By Applicant | 9 | $1,435,000 | $159,000 | $385,000 | $67,000 | $149,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 771 | $129,155,000 | $167,000 | $2,335,000 | $119,000 | $1,722,000 |
| Credit History | 18 | $890,000 | $49,000 | $155,000 | $55,000 | $143,000 |
| Debt-To-Income Ratio | 11 | $795,000 | $72,000 | $285,000 | $42,000 | $138,000 |
| Unverifiable Information | 1 | $175,000 | $175,000 | $175,000 | $22,000 | $22,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers Bank & Trust's 2019 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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