Farmers Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Farmers Bank & Trust of Magnolia, AR reported 599 mortgage applications totaling $193.2 million, down 30% from 2022. The average application was for $322,495, and applicants reported an average income of $139,155. 81% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Texarkana, TX-AR (158), Little Rock-North Little Rock-Conway, AR (23) and Dallas-Plano-Irving, TX (16) (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 | 599 |
| Total Mortgage Loan Application Amount | $193,175,000 |
| Average Mortgage Loan Application Amount | $322,495 |
| Highest Mortgage Loan Application Amount | $64,905,000 |
| Average Applicant Income | $139,155 |
| Highest Applicant Income | $3,388,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 111 | $ 21,885,000 | $ 197,162 | $ 164,000 |
| Columbia, Arkansas | 75 | $ 12,495,000 | $ 166,600 | $ 96,000 |
| Lamar, Texas | 67 | $ 15,095,000 | $ 225,298 | $ 207,000 |
| Hempstead, Arkansas | 44 | $ 4,300,000 | $ 97,727 | $ 95,000 |
| Miller, Arkansas | 41 | $ 9,355,000 | $ 228,170 | $ 149,000 |
| Nevada, Arkansas | 34 | $ 2,590,000 | $ 76,176 | $ 80,000 |
| Ouachita, Arkansas | 34 | $ 5,410,000 | $ 159,117 | $ 145,000 |
| Howard, Arkansas | 18 | $ 1,840,000 | $ 102,222 | $ 77,000 |
| Hot Spring, Arkansas | 17 | $ 2,225,000 | $ 130,882 | $ 119,000 |
| Sevier, Arkansas | 13 | $ 1,795,000 | $ 138,076 | $ 70,000 |
| Lafayette, Arkansas | 11 | $ 755,000 | $ 68,636 | $ 80,000 |
| Pike, Arkansas | 10 | $ 1,410,000 | $ 141,000 | $ 75,000 |
| Saline, Arkansas | 10 | $ 2,310,000 | $ 231,000 | $ 158,000 |
| Collin, Texas | 8 | $ 3,120,000 | $ 390,000 | $ 260,000 |
| Pulaski, Arkansas | 7 | $ 2,485,000 | $ 355,000 | $ 196,000 |
| McCurtain, Oklahoma | 7 | $ 1,415,000 | $ 202,142 | $ 178,000 |
| Little River, Arkansas | 6 | $ 820,000 | $ 136,666 | $ 72,000 |
| Cass, Texas | 6 | $ 1,020,000 | $ 170,000 | $ 121,000 |
| Union, Arkansas | 5 | $ 705,000 | $ 141,000 | $ 93,000 |
| Webster, Louisiana | 5 | $ 535,000 | $ 107,000 | $ 98,000 |
| Montgomery, Arkansas | 4 | $ 380,000 | $ 95,000 | $ 65,000 |
| Dallas, Texas | 4 | $ 66,330,000 | $ 16,582,500 | $ 326,000 |
| Grayson, Texas | 4 | $ 2,490,000 | $ 622,500 | $ 262,000 |
| Calhoun, Arkansas | 3 | $ 235,000 | $ 78,333 | $ 123,000 |
| Clark, Arkansas | 3 | $ 425,000 | $ 141,666 | $ 91,000 |
| Drew, Arkansas | 3 | $ 775,000 | $ 258,333 | $ 127,000 |
| Faulkner, Arkansas | 3 | $ 575,000 | $ 191,666 | $ 102,000 |
| Garland, Arkansas | 3 | $ 385,000 | $ 128,333 | $ 121,000 |
| Logan, Arkansas | 3 | $ 915,000 | $ 305,000 | $ 70,000 |
| Polk, Arkansas | 3 | $ 385,000 | $ 128,333 | $ 147,000 |
| Washington, Arkansas | 3 | $ 725,000 | $ 241,666 | $ 101,000 |
| Caddo, Louisiana | 3 | $ 675,000 | $ 225,000 | $ 126,000 |
| Red River, Texas | 3 | $ 475,000 | $ 158,333 | $ 84,000 |
| Grant, Arkansas | 2 | $ 360,000 | $ 180,000 | $ 64,000 |
| Denton, Texas | 2 | $ 610,000 | $ 305,000 | $ 167,000 |
| Midland, Texas | 2 | $ 710,000 | $ 355,000 | $ 107,000 |
| Rockwall, Texas | 2 | $ 670,000 | $ 335,000 | $ 173,000 |
| Upshur, Texas | 2 | $ 350,000 | $ 175,000 | $ 76,000 |
| Van Zandt, Texas | 2 | $ 920,000 | $ 460,000 | $ 127,000 |
| Lonoke, Arkansas | 1 | $ 525,000 | $ 525,000 | $ 263,000 |
| Summit, Colorado | 1 | $ 1,995,000 | $ 1,995,000 | $ 147,000 |
| Bay, Florida | 1 | $ 505,000 | $ 505,000 | $ 375,000 |
| Escambia, Florida | 1 | $ 465,000 | $ 465,000 | $ 345,000 |
| Thomas, Georgia | 1 | $ 5,335,000 | $ 5,335,000 | $ 0 |
| Claiborne, Louisiana | 1 | $ 195,000 | $ 195,000 | $ 175,000 |
| Lowndes, Mississippi | 1 | $ 445,000 | $ 445,000 | $ 151,000 |
| Camden, Missouri | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Carter, Oklahoma | 1 | $ 155,000 | $ 155,000 | $ 169,000 |
| Choctaw, Oklahoma | 1 | $ 175,000 | $ 175,000 | $ 69,000 |
| Grimes, Texas | 1 | $ 135,000 | $ 135,000 | $ 60,000 |
| Hays, Texas | 1 | $ 165,000 | $ 165,000 | $ 285,000 |
| Matagorda, Texas | 1 | $ 11,755,000 | $ 11,755,000 | $ 0 |
| Palo Pinto, Texas | 1 | $ 585,000 | $ 585,000 | $ 163,000 |
| Tarrant, Texas | 1 | $ 295,000 | $ 295,000 | $ 3,388,000 |
| Wood, Texas | 1 | $ 345,000 | $ 345,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2023
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 | 422 | $162,160,000 | $384,000 | $64,905,000 | $119,000 | $1,719,000 |
| Refinancing | 87 | $20,715,000 | $238,000 | $1,105,000 | $160,000 | $875,000 |
| Home Improvement | 53 | $5,065,000 | $95,000 | $505,000 | $278,000 | $3,388,000 |
| Other Purpose | 25 | $2,145,000 | $85,000 | $405,000 | $102,000 | $500,000 |
| Cash-out Refinancing | 12 | $3,090,000 | $257,000 | $725,000 | $161,000 | $470,000 |
| 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 | 385 | $76,035,000 | $197,000 | $1,995,000 | $158,000 | $3,388,000 |
| Not applicable | 86 | $101,990,000 | $1,185,000 | $64,905,000 | $0 | $0 |
| Hispanic | 67 | $7,015,000 | $104,000 | $725,000 | $77,000 | $349,000 |
| Black or African American | 38 | $3,890,000 | $102,000 | $385,000 | $87,000 | $456,000 |
| Not Provided | 15 | $2,925,000 | $195,000 | $505,000 | $128,000 | $375,000 |
| American Indian or Alaskan Native | 4 | $580,000 | $145,000 | $275,000 | $106,000 | $254,000 |
| Asian | 2 | $290,000 | $145,000 | $255,000 | $58,000 | $100,000 |
| 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) | 540 | $182,490,000 | $337,000 | $64,905,000 | $148,000 | $3,388,000 |
| FHA-insured (Federal Housing Administration) | 42 | $8,060,000 | $191,000 | $345,000 | $84,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $1,960,000 | $140,000 | $245,000 | $60,000 | $85,000 |
| VA-guaranteed (Veterans Administration) | 3 | $665,000 | $221,000 | $285,000 | $96,000 | $123,000 |
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 | 484 | $173,730,000 | $358,000 | $64,905,000 | $156,000 | $3,388,000 |
| Application Denied By Financial Institution | 52 | $6,320,000 | $121,000 | $795,000 | $62,000 | $200,000 |
| Application Approved But Not Accepted | 37 | $5,355,000 | $144,000 | $435,000 | $86,000 | $183,000 |
| Application Withdrawn By Applicant | 23 | $7,105,000 | $308,000 | $1,995,000 | $135,000 | $664,000 |
| File Closed For Incompleteness | 2 | $570,000 | $285,000 | $315,000 | $151,000 | $214,000 |
| Loan Purchased By The Institution | 1 | $95,000 | $95,000 | $95,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 547 | $186,855,000 | $341,000 | $64,905,000 | $149,000 | $3,388,000 |
| Credit History | 29 | $2,075,000 | $71,000 | $255,000 | $55,000 | $177,000 |
| Debt-To-Income Ratio | 20 | $3,780,000 | $189,000 | $795,000 | $75,000 | $200,000 |
| Other | 2 | $400,000 | $200,000 | $225,000 | $69,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $65,000 | $65,000 | $65,000 | $25,000 | $25,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 2023 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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