Farmers Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Farmers Bank & Trust of Magnolia, AR reported 814 mortgage applications totaling $151.2 million, up 2% from 2019. The average application was for $185,773, and applicants reported an average income of $118,094. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Texarkana, TX-AR (277), Little Rock-North Little Rock-Conway, AR (44) and Dallas-Plano-Irving, TX (26) (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 | 814 |
| Total Mortgage Loan Application Amount | $151,220,000 |
| Average Mortgage Loan Application Amount | $185,773 |
| Highest Mortgage Loan Application Amount | $8,255,000 |
| Average Applicant Income | $118,094 |
| Highest Applicant Income | $3,250,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 190 | $ 32,480,000 | $ 170,947 | $ 124,000 |
| Columbia, Arkansas | 160 | $ 25,930,000 | $ 162,062 | $ 95,000 |
| Miller, Arkansas | 81 | $ 15,215,000 | $ 187,839 | $ 135,000 |
| Ouachita, Arkansas | 61 | $ 8,095,000 | $ 132,704 | $ 97,000 |
| Nevada, Arkansas | 53 | $ 4,185,000 | $ 78,962 | $ 75,000 |
| Hempstead, Arkansas | 50 | $ 5,470,000 | $ 109,400 | $ 85,000 |
| Saline, Arkansas | 33 | $ 7,905,000 | $ 239,545 | $ 119,000 |
| Garland, Arkansas | 24 | $ 9,230,000 | $ 384,583 | $ 126,000 |
| Collin, Texas | 17 | $ 7,495,000 | $ 440,882 | $ 519,000 |
| Hot Spring, Arkansas | 15 | $ 2,285,000 | $ 152,333 | $ 82,000 |
| Lafayette, Arkansas | 10 | $ 600,000 | $ 60,000 | $ 63,000 |
| Union, Arkansas | 10 | $ 660,000 | $ 66,000 | $ 60,000 |
| Washington, Arkansas | 9 | $ 2,285,000 | $ 253,888 | $ 96,000 |
| Pulaski, Arkansas | 7 | $ 1,765,000 | $ 252,142 | $ 142,000 |
| Webster, Louisiana | 7 | $ 695,000 | $ 99,285 | $ 59,000 |
| Cass, Texas | 7 | $ 1,575,000 | $ 225,000 | $ 97,000 |
| Little River, Arkansas | 6 | $ 1,140,000 | $ 190,000 | $ 122,000 |
| Pike, Arkansas | 6 | $ 470,000 | $ 78,333 | $ 89,000 |
| Clark, Arkansas | 5 | $ 465,000 | $ 93,000 | $ 83,000 |
| Denton, Texas | 5 | $ 1,535,000 | $ 307,000 | $ 169,000 |
| Benton, Arkansas | 4 | $ 1,570,000 | $ 392,500 | $ 209,000 |
| Howard, Arkansas | 4 | $ 550,000 | $ 137,500 | $ 84,000 |
| McCurtain, Oklahoma | 4 | $ 1,070,000 | $ 267,500 | $ 128,000 |
| Dallas, Texas | 4 | $ 1,580,000 | $ 395,000 | $ 189,000 |
| Calhoun, Arkansas | 3 | $ 255,000 | $ 85,000 | $ 42,000 |
| Craighead, Arkansas | 2 | $ 870,000 | $ 435,000 | $ 105,000 |
| Faulkner, Arkansas | 2 | $ 290,000 | $ 145,000 | $ 79,000 |
| Jefferson, Arkansas | 2 | $ 200,000 | $ 100,000 | $ 62,000 |
| Walton, Florida | 2 | $ 990,000 | $ 495,000 | $ 338,000 |
| Johnson, Texas | 2 | $ 260,000 | $ 130,000 | $ 229,000 |
| Marion, Texas | 2 | $ 190,000 | $ 95,000 | $ 88,000 |
| Tarrant, Texas | 2 | $ 260,000 | $ 130,000 | $ 90,000 |
| Titus, Texas | 2 | $ 430,000 | $ 215,000 | $ 78,000 |
| Baldwin, Alabama | 1 | $ 515,000 | $ 515,000 | $ 472,000 |
| Arkansas, Arkansas | 1 | $ 85,000 | $ 85,000 | $ 119,000 |
| Cleburne, Arkansas | 1 | $ 225,000 | $ 225,000 | $ 274,000 |
| Crawford, Arkansas | 1 | $ 8,255,000 | $ 8,255,000 | $ 0 |
| Grant, Arkansas | 1 | $ 145,000 | $ 145,000 | $ 111,000 |
| Independence, Arkansas | 1 | $ 215,000 | $ 215,000 | $ 112,000 |
| Lonoke, Arkansas | 1 | $ 365,000 | $ 365,000 | $ 132,000 |
| Sebastian, Arkansas | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Okaloosa, Florida | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Kootenai, Idaho | 1 | $ 515,000 | $ 515,000 | $ 134,000 |
| Caddo, Louisiana | 1 | $ 115,000 | $ 115,000 | $ 135,000 |
| Lafayette, Louisiana | 1 | $ 185,000 | $ 185,000 | $ 95,000 |
| Lincoln, Louisiana | 1 | $ 205,000 | $ 205,000 | $ 128,000 |
| Laclede, Missouri | 1 | $ 285,000 | $ 285,000 | $ 98,000 |
| Brazoria, Texas | 1 | $ 295,000 | $ 295,000 | $ 80,000 |
| Grayson, Texas | 1 | $ 85,000 | $ 85,000 | $ 321,000 |
| Harris, Texas | 1 | $ 315,000 | $ 315,000 | $ 220,000 |
| Harrison, Texas | 1 | $ 265,000 | $ 265,000 | $ 150,000 |
| McLennan, Texas | 1 | $ 155,000 | $ 155,000 | $ 121,000 |
| Morris, Texas | 1 | $ 85,000 | $ 85,000 | $ 106,000 |
| Nacogdoches, Texas | 1 | $ 165,000 | $ 165,000 | $ 77,000 |
| Upshur, Texas | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Williamson, Texas | 1 | $ 315,000 | $ 315,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2020
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 | 493 | $79,985,000 | $162,000 | $2,765,000 | $104,000 | $848,000 |
| Refinancing | 235 | $57,125,000 | $243,000 | $8,255,000 | $142,000 | $3,250,000 |
| Cash-out Refinancing | 51 | $12,305,000 | $241,000 | $515,000 | $149,000 | $594,000 |
| Home Improvement | 26 | $1,550,000 | $59,000 | $215,000 | $126,000 | $542,000 |
| Other Purpose | 9 | $255,000 | $28,000 | $65,000 | $68,000 | $154,000 |
| 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 | 612 | $117,800,000 | $192,000 | $925,000 | $124,000 | $3,250,000 |
| Not applicable | 111 | $23,975,000 | $215,000 | $8,255,000 | $0 | $0 |
| Black or African American | 61 | $5,505,000 | $90,000 | $355,000 | $85,000 | $372,000 |
| Hispanic | 24 | $2,870,000 | $119,000 | $395,000 | $76,000 | $220,000 |
| Asian | 5 | $1,015,000 | $203,000 | $395,000 | $106,000 | $235,000 |
| American Indian or Alaskan Native | 1 | $55,000 | $55,000 | $55,000 | $80,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 727 | $135,795,000 | $186,000 | $8,255,000 | $127,000 | $3,250,000 |
| FHA-insured (Federal Housing Administration) | 39 | $7,355,000 | $188,000 | $335,000 | $71,000 | $125,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 35 | $4,595,000 | $131,000 | $235,000 | $49,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 13 | $3,475,000 | $267,000 | $415,000 | $85,000 | $148,000 |
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 | 756 | $144,960,000 | $191,000 | $8,255,000 | $123,000 | $3,250,000 |
| Application Denied By Financial Institution | 29 | $1,735,000 | $59,000 | $195,000 | $45,000 | $97,000 |
| Application Approved But Not Accepted | 22 | $3,140,000 | $142,000 | $815,000 | $101,000 | $372,000 |
| Application Withdrawn By Applicant | 7 | $1,385,000 | $197,000 | $415,000 | $102,000 | $213,000 |
| 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 | 785 | $149,485,000 | $190,000 | $8,255,000 | $122,000 | $3,250,000 |
| Credit History | 18 | $1,000,000 | $55,000 | $175,000 | $52,000 | $97,000 |
| Debt-To-Income Ratio | 9 | $635,000 | $70,000 | $195,000 | $35,000 | $74,000 |
| Employment History | 1 | $85,000 | $85,000 | $85,000 | $0 | $0 |
| Collateral | 1 | $15,000 | $15,000 | $15,000 | $16,000 | $16,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers Bank & Trust's 2020 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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