Farmers Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Farmers Bank & Trust of Magnolia, AR reported 528 mortgage applications totaling $131.2 million, down 12% from 2023. The average application was for $248,484, and applicants reported an average income of $154,482. 87% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Texarkana, TX-AR (126), Dallas-Plano-Irving, TX (25) and Little Rock-North Little Rock-Conway, AR (10) (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 | 528 |
| Total Mortgage Loan Application Amount | $131,200,000 |
| Average Mortgage Loan Application Amount | $248,484 |
| Highest Mortgage Loan Application Amount | $14,975,000 |
| Average Applicant Income | $154,482 |
| Highest Applicant Income | $3,273,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 84 | $ 20,200,000 | $ 240,476 | $ 177,000 |
| Columbia, Arkansas | 82 | $ 11,150,000 | $ 135,975 | $ 133,000 |
| Lamar, Texas | 65 | $ 16,145,000 | $ 248,384 | $ 161,000 |
| Miller, Arkansas | 34 | $ 8,570,000 | $ 252,058 | $ 103,000 |
| Ouachita, Arkansas | 33 | $ 3,625,000 | $ 109,848 | $ 92,000 |
| Hempstead, Arkansas | 30 | $ 2,650,000 | $ 88,333 | $ 61,000 |
| Sevier, Arkansas | 22 | $ 2,150,000 | $ 97,727 | $ 56,000 |
| Nevada, Arkansas | 16 | $ 1,020,000 | $ 63,750 | $ 69,000 |
| Lafayette, Arkansas | 15 | $ 1,765,000 | $ 117,666 | $ 131,000 |
| Hot Spring, Arkansas | 13 | $ 1,915,000 | $ 147,307 | $ 94,000 |
| Cass, Texas | 11 | $ 2,535,000 | $ 230,454 | $ 113,000 |
| Collin, Texas | 11 | $ 5,205,000 | $ 473,181 | $ 332,000 |
| Howard, Arkansas | 10 | $ 1,160,000 | $ 116,000 | $ 65,000 |
| Webster, Louisiana | 9 | $ 765,000 | $ 85,000 | $ 86,000 |
| Little River, Arkansas | 8 | $ 1,570,000 | $ 196,250 | $ 108,000 |
| Montgomery, Arkansas | 7 | $ 685,000 | $ 97,857 | $ 75,000 |
| Union, Arkansas | 6 | $ 840,000 | $ 140,000 | $ 129,000 |
| Dallas, Texas | 6 | $ 5,120,000 | $ 853,333 | $ 277,000 |
| Denton, Texas | 6 | $ 3,580,000 | $ 596,666 | $ 247,000 |
| Garland, Arkansas | 5 | $ 1,095,000 | $ 219,000 | $ 122,000 |
| Washington, Arkansas | 5 | $ 1,645,000 | $ 329,000 | $ 138,000 |
| Saline, Arkansas | 4 | $ 3,150,000 | $ 787,500 | $ 500,000 |
| McCurtain, Oklahoma | 4 | $ 1,860,000 | $ 465,000 | $ 832,000 |
| Pike, Arkansas | 3 | $ 205,000 | $ 68,333 | $ 56,000 |
| Pulaski, Arkansas | 3 | $ 475,000 | $ 158,333 | $ 71,000 |
| Red River, Texas | 3 | $ 445,000 | $ 148,333 | $ 195,000 |
| Tarrant, Texas | 3 | $ 1,715,000 | $ 571,666 | $ 2,243,000 |
| Faulkner, Arkansas | 2 | $ 490,000 | $ 245,000 | $ 134,000 |
| Logan, Arkansas | 2 | $ 130,000 | $ 65,000 | $ 57,000 |
| Bossier, Louisiana | 2 | $ 120,000 | $ 60,000 | $ 20,000 |
| Benton, Arkansas | 1 | $ 565,000 | $ 565,000 | $ 185,000 |
| Clark, Arkansas | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Dallas, Arkansas | 1 | $ 95,000 | $ 95,000 | $ 73,000 |
| Drew, Arkansas | 1 | $ 345,000 | $ 345,000 | $ 127,000 |
| Lonoke, Arkansas | 1 | $ 125,000 | $ 125,000 | $ 310,000 |
| Newton, Arkansas | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Hinsdale, Colorado | 1 | $ 645,000 | $ 645,000 | $ 239,000 |
| Monroe, Florida | 1 | $ 605,000 | $ 605,000 | $ 252,000 |
| Floyd, Georgia | 1 | $ 14,975,000 | $ 14,975,000 | $ 0 |
| Caddo, Louisiana | 1 | $ 95,000 | $ 95,000 | $ 85,000 |
| La Salle, Louisiana | 1 | $ 655,000 | $ 655,000 | $ 543,000 |
| Choctaw, Oklahoma | 1 | $ 135,000 | $ 135,000 | $ 42,000 |
| Comanche, Oklahoma | 1 | $ 255,000 | $ 255,000 | $ 86,000 |
| Pushmataha, Oklahoma | 1 | $ 75,000 | $ 75,000 | $ 106,000 |
| Hamilton, Tennessee | 1 | $ 5,505,000 | $ 5,505,000 | $ 0 |
| Callahan, Texas | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Fannin, Texas | 1 | $ 415,000 | $ 415,000 | $ 149,000 |
| Grayson, Texas | 1 | $ 485,000 | $ 485,000 | $ 198,000 |
| Hopkins, Texas | 1 | $ 255,000 | $ 255,000 | $ 91,000 |
| Kaufman, Texas | 1 | $ 255,000 | $ 255,000 | $ 127,000 |
| Parker, Texas | 1 | $ 2,195,000 | $ 2,195,000 | $ 0 |
| Rockwall, Texas | 1 | $ 465,000 | $ 465,000 | $ 65,000 |
| Williamson, Texas | 1 | $ 365,000 | $ 365,000 | $ 110,000 |
| Wise, Texas | 1 | $ 385,000 | $ 385,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2024
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 | 338 | $81,790,000 | $241,000 | $2,505,000 | $142,000 | $3,126,000 |
| Refinancing | 89 | $36,945,000 | $415,000 | $14,975,000 | $169,000 | $3,273,000 |
| Home Improvement | 53 | $4,065,000 | $76,000 | $505,000 | $206,000 | $3,273,000 |
| Other Purpose | 28 | $2,290,000 | $81,000 | $205,000 | $154,000 | $1,204,000 |
| Cash-out Refinancing | 20 | $6,110,000 | $305,000 | $1,105,000 | $165,000 | $921,000 |
| 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 | 335 | $70,855,000 | $211,000 | $1,705,000 | $168,000 | $3,273,000 |
| Not applicable | 75 | $41,295,000 | $550,000 | $14,975,000 | $0 | $0 |
| Hispanic | 51 | $6,745,000 | $132,000 | $505,000 | $71,000 | $371,000 |
| Black or African American | 46 | $5,580,000 | $121,000 | $595,000 | $114,000 | $404,000 |
| Asian | 11 | $4,805,000 | $436,000 | $765,000 | $264,000 | $570,000 |
| American Indian or Alaskan Native | 5 | $805,000 | $161,000 | $315,000 | $156,000 | $245,000 |
| Not Provided | 4 | $820,000 | $205,000 | $365,000 | $88,000 | $171,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $295,000 | $295,000 | $295,000 | $278,000 | $278,000 |
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) | 462 | $117,300,000 | $253,000 | $14,975,000 | $164,000 | $3,273,000 |
| FHA-insured (Federal Housing Administration) | 49 | $10,765,000 | $219,000 | $515,000 | $95,000 | $278,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 12 | $1,750,000 | $145,000 | $215,000 | $62,000 | $98,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,385,000 | $277,000 | $415,000 | $137,000 | $149,000 |
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 | 457 | $121,015,000 | $264,000 | $14,975,000 | $169,000 | $3,273,000 |
| Application Denied By Financial Institution | 36 | $4,430,000 | $123,000 | $365,000 | $56,000 | $127,000 |
| Application Approved But Not Accepted | 25 | $3,935,000 | $157,000 | $505,000 | $88,000 | $371,000 |
| Application Withdrawn By Applicant | 10 | $1,820,000 | $182,000 | $355,000 | $70,000 | $143,000 |
| 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 | 492 | $126,770,000 | $257,000 | $14,975,000 | $162,000 | $3,273,000 |
| Credit History | 21 | $2,515,000 | $119,000 | $365,000 | $55,000 | $127,000 |
| Debt-To-Income Ratio | 11 | $1,365,000 | $124,000 | $245,000 | $59,000 | $126,000 |
| Collateral | 4 | $550,000 | $137,000 | $235,000 | $47,000 | $59,000 |
| 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 2024 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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