Farmers Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Farmers Bank & Trust of Magnolia, AR reported 746 mortgage applications totaling $109.2 million, down 21% from 2017. The average application was for $146,327, and applicants reported an average income of $113,727. 89% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Texarkana, TX-AR (249), Little Rock-North Little Rock-Conway, AR (55) and Hot Springs, AR (17) (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 | 746 |
| Total Mortgage Loan Application Amount | $109,160,000 |
| Average Mortgage Loan Application Amount | $146,327 |
| Highest Mortgage Loan Application Amount | $4,235,000 |
| Average Applicant Income | $113,727 |
| Highest Applicant Income | $2,045,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 386 | $ 46,790,000 | $ 121,217 | $ 100,025 |
| Texarkana, TX-AR | 249 | $ 38,655,000 | $ 155,240 | $ 130,192 |
| Little Rock-North Little Rock-Conway, AR | 55 | $ 9,665,000 | $ 175,727 | $ 90,000 |
| Hot Springs, AR | 17 | $ 4,575,000 | $ 269,117 | $ 180,000 |
| Shreveport-Bossier City, LA | 16 | $ 2,560,000 | $ 160,000 | $ 91,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 6 | $ 1,390,000 | $ 231,666 | $ 161,333 |
| Dallas-Plano-Irving, TX | 5 | $ 1,185,000 | $ 237,000 | $ 100,000 |
| Fort Worth-Arlington, TX | 3 | $ 565,000 | $ 188,333 | $ 353,000 |
| Austin-Round Rock, TX | 1 | $ 1,005,000 | $ 1,005,000 | $ 640,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 565,000 | $ 565,000 | $ 0 |
| Fort Smith, AR-OK | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Memphis, TN-MS-AR | 1 | $ 225,000 | $ 225,000 | $ 78,000 |
| Monroe, LA | 1 | $ 55,000 | $ 55,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Ocala, FL | 1 | $ 525,000 | $ 525,000 | $ 200,000 |
| Sherman-Denison, TX | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Tulsa, OK | 1 | $ 245,000 | $ 245,000 | $ 104,000 |
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2018
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 | 475 | $68,035,000 | $143,000 | $1,405,000 | $112,000 | $2,045,000 |
| Refinancing | 170 | $32,100,000 | $188,000 | $4,235,000 | $114,000 | $956,000 |
| Home Improvement | 52 | $2,830,000 | $54,000 | $255,000 | $131,000 | $850,000 |
| Other Purpose | 25 | $2,625,000 | $105,000 | $1,005,000 | $121,000 | $640,000 |
| Cash-out Refinancing | 24 | $3,570,000 | $148,000 | $305,000 | $101,000 | $542,000 |
| 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 | 543 | $83,015,000 | $152,000 | $1,405,000 | $121,000 | $2,045,000 |
| Not applicable | 98 | $17,050,000 | $173,000 | $4,235,000 | $0 | $0 |
| Black or African American | 58 | $4,560,000 | $78,000 | $425,000 | $77,000 | $511,000 |
| Hispanic | 28 | $2,260,000 | $80,000 | $245,000 | $64,000 | $129,000 |
| Not Provided | 11 | $755,000 | $68,000 | $175,000 | $68,000 | $133,000 |
| Asian | 5 | $865,000 | $173,000 | $255,000 | $116,000 | $220,000 |
| American Indian or Alaskan Native | 2 | $450,000 | $225,000 | $305,000 | $74,000 | $102,000 |
| 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) | 627 | $91,545,000 | $146,000 | $4,235,000 | $124,000 | $2,045,000 |
| FHA-insured (Federal Housing Administration) | 71 | $10,535,000 | $148,000 | $285,000 | $76,000 | $174,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $2,930,000 | $112,000 | $325,000 | $49,000 | $86,000 |
| VA-guaranteed (Veterans Administration) | 22 | $4,150,000 | $188,000 | $425,000 | $74,000 | $167,000 |
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 | 663 | $100,035,000 | $150,000 | $4,235,000 | $118,000 | $2,045,000 |
| Application Approved But Not Accepted | 44 | $6,710,000 | $152,000 | $385,000 | $117,000 | $542,000 |
| Application Denied By Financial Institution | 32 | $1,940,000 | $60,000 | $275,000 | $48,000 | $135,000 |
| Application Withdrawn By Applicant | 7 | $475,000 | $67,000 | $155,000 | $59,000 | $90,000 |
| 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 | 714 | $107,220,000 | $150,000 | $4,235,000 | $117,000 | $2,045,000 |
| Credit History | 22 | $1,150,000 | $52,000 | $255,000 | $47,000 | $135,000 |
| Debt-To-Income Ratio | 9 | $765,000 | $85,000 | $275,000 | $49,000 | $110,000 |
| Collateral | 1 | $25,000 | $25,000 | $25,000 | $40,000 | $40,000 |
| 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 2018 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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