Farmers Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Farmers Bank & Trust of Magnolia, AR reported 851 mortgage applications totaling $187.6 million, down 7% from 2021. The average application was for $220,475, and applicants reported an average income of $135,296. 85% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Texarkana, TX-AR (203), Little Rock-North Little Rock-Conway, AR (27) and Dallas-Plano-Irving, TX (22) (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 | 851 |
| Total Mortgage Loan Application Amount | $187,625,000 |
| Average Mortgage Loan Application Amount | $220,475 |
| Highest Mortgage Loan Application Amount | $7,255,000 |
| Average Applicant Income | $135,296 |
| Highest Applicant Income | $2,903,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 156 | $ 33,870,000 | $ 217,115 | $ 146,000 |
| Columbia, Arkansas | 121 | $ 22,345,000 | $ 184,669 | $ 123,000 |
| Lamar, Texas | 107 | $ 24,495,000 | $ 228,925 | $ 128,000 |
| Hempstead, Arkansas | 47 | $ 6,615,000 | $ 140,744 | $ 82,000 |
| Nevada, Arkansas | 44 | $ 3,310,000 | $ 75,227 | $ 60,000 |
| Miller, Arkansas | 43 | $ 8,095,000 | $ 188,255 | $ 95,000 |
| Ouachita, Arkansas | 42 | $ 4,320,000 | $ 102,857 | $ 89,000 |
| Sevier, Arkansas | 41 | $ 5,475,000 | $ 133,536 | $ 64,000 |
| Hot Spring, Arkansas | 22 | $ 2,340,000 | $ 106,363 | $ 81,000 |
| Lafayette, Arkansas | 21 | $ 2,075,000 | $ 98,809 | $ 101,000 |
| Saline, Arkansas | 21 | $ 9,275,000 | $ 441,666 | $ 118,000 |
| Howard, Arkansas | 16 | $ 1,710,000 | $ 106,875 | $ 72,000 |
| Collin, Texas | 13 | $ 6,825,000 | $ 525,000 | $ 360,000 |
| Union, Arkansas | 12 | $ 2,630,000 | $ 219,166 | $ 176,000 |
| Pike, Arkansas | 10 | $ 2,400,000 | $ 240,000 | $ 228,000 |
| Clark, Arkansas | 9 | $ 1,665,000 | $ 185,000 | $ 56,000 |
| Montgomery, Arkansas | 9 | $ 715,000 | $ 79,444 | $ 41,000 |
| Grayson, Texas | 9 | $ 5,955,000 | $ 661,666 | $ 572,000 |
| Washington, Arkansas | 7 | $ 2,405,000 | $ 343,571 | $ 599,000 |
| McCurtain, Oklahoma | 7 | $ 2,215,000 | $ 316,428 | $ 543,000 |
| Cass, Texas | 7 | $ 1,045,000 | $ 149,285 | $ 85,000 |
| Webster, Louisiana | 6 | $ 510,000 | $ 85,000 | $ 85,000 |
| Garland, Arkansas | 5 | $ 1,455,000 | $ 291,000 | $ 194,000 |
| Logan, Arkansas | 5 | $ 565,000 | $ 113,000 | $ 152,000 |
| Benton, Arkansas | 4 | $ 1,840,000 | $ 460,000 | $ 234,000 |
| Little River, Arkansas | 4 | $ 480,000 | $ 120,000 | $ 79,000 |
| Denton, Texas | 4 | $ 2,150,000 | $ 537,500 | $ 166,000 |
| Dallas, Texas | 3 | $ 1,745,000 | $ 581,666 | $ 426,000 |
| Grant, Arkansas | 2 | $ 270,000 | $ 135,000 | $ 81,000 |
| Marion, Arkansas | 2 | $ 1,580,000 | $ 790,000 | $ 38,000 |
| Polk, Arkansas | 2 | $ 720,000 | $ 360,000 | $ 446,000 |
| Pope, Arkansas | 2 | $ 130,000 | $ 65,000 | $ 89,000 |
| Bossier, Louisiana | 2 | $ 530,000 | $ 265,000 | $ 124,000 |
| Choctaw, Oklahoma | 2 | $ 360,000 | $ 180,000 | $ 102,000 |
| Galveston, Texas | 2 | $ 1,000,000 | $ 500,000 | $ 166,000 |
| Johnson, Texas | 2 | $ 810,000 | $ 405,000 | $ 139,000 |
| Red River, Texas | 2 | $ 270,000 | $ 135,000 | $ 51,000 |
| Travis, Texas | 2 | $ 3,890,000 | $ 1,945,000 | $ 2,351,000 |
| Wharton, Texas | 2 | $ 620,000 | $ 310,000 | $ 185,000 |
| Arkansas, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 41,000 |
| Calhoun, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 42,000 |
| Cleburne, Arkansas | 1 | $ 685,000 | $ 685,000 | $ 501,000 |
| Craighead, Arkansas | 1 | $ 175,000 | $ 175,000 | $ 480,000 |
| Dallas, Arkansas | 1 | $ 115,000 | $ 115,000 | $ 176,000 |
| Faulkner, Arkansas | 1 | $ 175,000 | $ 175,000 | $ 91,000 |
| Lonoke, Arkansas | 1 | $ 265,000 | $ 265,000 | $ 68,000 |
| Newton, Arkansas | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Perry, Arkansas | 1 | $ 125,000 | $ 125,000 | $ 178,000 |
| Pulaski, Arkansas | 1 | $ 505,000 | $ 505,000 | $ 241,000 |
| Fresno, California | 1 | $ 305,000 | $ 305,000 | $ 83,000 |
| Los Angeles, California | 1 | $ 645,000 | $ 645,000 | $ 495,000 |
| Fulton, Georgia | 1 | $ 275,000 | $ 275,000 | $ 87,000 |
| Caddo, Louisiana | 1 | $ 355,000 | $ 355,000 | $ 342,000 |
| La Salle, Louisiana | 1 | $ 215,000 | $ 215,000 | $ 147,000 |
| Santa Fe, New Mexico | 1 | $ 215,000 | $ 215,000 | $ 56,000 |
| Bryan, Oklahoma | 1 | $ 295,000 | $ 295,000 | $ 156,000 |
| Cleveland, Oklahoma | 1 | $ 95,000 | $ 95,000 | $ 79,000 |
| Woodward, Oklahoma | 1 | $ 7,255,000 | $ 7,255,000 | $ 0 |
| Sevier, Tennessee | 1 | $ 925,000 | $ 925,000 | $ 0 |
| Bastrop, Texas | 1 | $ 655,000 | $ 655,000 | $ 0 |
| Bexar, Texas | 1 | $ 295,000 | $ 295,000 | $ 84,000 |
| Brazos, Texas | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Ellis, Texas | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Gregg, Texas | 1 | $ 555,000 | $ 555,000 | $ 133,000 |
| Harrison, Texas | 1 | $ 325,000 | $ 325,000 | $ 92,000 |
| Haskell, Texas | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Hays, Texas | 1 | $ 195,000 | $ 195,000 | $ 47,000 |
| Henderson, Texas | 1 | $ 25,000 | $ 25,000 | $ 22,000 |
| Hunt, Texas | 1 | $ 475,000 | $ 475,000 | $ 80,000 |
| Lubbock, Texas | 1 | $ 205,000 | $ 205,000 | $ 144,000 |
| Nueces, Texas | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Tarrant, Texas | 1 | $ 1,705,000 | $ 1,705,000 | $ 265,000 |
| Titus, Texas | 1 | $ 295,000 | $ 295,000 | $ 148,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2022
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 | 555 | $134,815,000 | $242,000 | $7,255,000 | $136,000 | $2,903,000 |
| Refinancing | 194 | $40,010,000 | $206,000 | $1,205,000 | $134,000 | $1,116,000 |
| Home Improvement | 48 | $4,340,000 | $90,000 | $385,000 | $165,000 | $2,351,000 |
| Cash-out Refinancing | 31 | $6,805,000 | $219,000 | $635,000 | $134,000 | $513,000 |
| Other Purpose | 23 | $1,655,000 | $71,000 | $265,000 | $69,000 | $160,000 |
| 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 | 566 | $124,520,000 | $220,000 | $1,705,000 | $147,000 | $2,903,000 |
| Not applicable | 142 | $44,890,000 | $316,000 | $7,255,000 | $0 | $0 |
| Black or African American | 61 | $6,745,000 | $110,000 | $695,000 | $85,000 | $451,000 |
| Hispanic | 61 | $6,785,000 | $111,000 | $555,000 | $68,000 | $281,000 |
| Not Provided | 14 | $2,900,000 | $207,000 | $1,295,000 | $156,000 | $926,000 |
| Asian | 6 | $1,680,000 | $280,000 | $645,000 | $150,000 | $495,000 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $25,000 | $25,000 |
| 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) | 791 | $176,585,000 | $223,000 | $7,255,000 | $140,000 | $2,903,000 |
| FHA-insured (Federal Housing Administration) | 32 | $5,920,000 | $185,000 | $425,000 | $86,000 | $209,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $2,155,000 | $126,000 | $265,000 | $52,000 | $87,000 |
| VA-guaranteed (Veterans Administration) | 11 | $2,965,000 | $269,000 | $505,000 | $110,000 | $241,000 |
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 | 726 | $169,310,000 | $233,000 | $7,255,000 | $142,000 | $2,903,000 |
| Application Denied By Financial Institution | 51 | $4,995,000 | $97,000 | $775,000 | $59,000 | $753,000 |
| Application Withdrawn By Applicant | 41 | $8,415,000 | $205,000 | $505,000 | $103,000 | $341,000 |
| Application Approved But Not Accepted | 33 | $4,905,000 | $148,000 | $445,000 | $155,000 | $1,116,000 |
| 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 | 800 | $182,630,000 | $228,000 | $7,255,000 | $141,000 | $2,903,000 |
| Credit History | 33 | $2,615,000 | $79,000 | $305,000 | $48,000 | $155,000 |
| Debt-To-Income Ratio | 15 | $1,295,000 | $86,000 | $225,000 | $32,000 | $67,000 |
| Collateral | 3 | $1,085,000 | $361,000 | $775,000 | $299,000 | $753,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers Bank & Trust's 2022 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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