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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 550 | $ 98,750,000 | $ 179,545 | $ 108,735 |
| Texarkana, TX-AR | 203 | $ 42,445,000 | $ 209,088 | $ 133,960 |
| Little Rock-North Little Rock-Conway, AR | 27 | $ 10,615,000 | $ 393,148 | $ 119,000 |
| Dallas-Plano-Irving, TX | 22 | $ 11,320,000 | $ 514,545 | $ 323,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 11 | $ 4,245,000 | $ 385,909 | $ 477,000 |
| Sherman-Denison, TX | 9 | $ 5,955,000 | $ 661,666 | $ 572,000 |
| Hot Springs, AR | 5 | $ 1,455,000 | $ 291,000 | $ 194,000 |
| Austin-Round Rock, TX | 4 | $ 4,740,000 | $ 1,185,000 | $ 1,199,000 |
| Fort Worth-Arlington, TX | 3 | $ 2,515,000 | $ 838,333 | $ 181,000 |
| Shreveport-Bossier City, LA | 3 | $ 885,000 | $ 295,000 | $ 233,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 1,000,000 | $ 500,000 | $ 166,000 |
| Longview, TX | 2 | $ 880,000 | $ 440,000 | $ 112,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 275,000 | $ 275,000 | $ 87,000 |
| College Station-Bryan, TX | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Fresno, CA | 1 | $ 305,000 | $ 305,000 | $ 83,000 |
| Jonesboro, AR | 1 | $ 175,000 | $ 175,000 | $ 480,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 645,000 | $ 645,000 | $ 495,000 |
| Lubbock, TX | 1 | $ 205,000 | $ 205,000 | $ 144,000 |
| Oklahoma City, OK | 1 | $ 95,000 | $ 95,000 | $ 79,000 |
| San Antonio-New Braunfels, TX | 1 | $ 295,000 | $ 295,000 | $ 84,000 |
| Santa Fe, NM | 1 | $ 215,000 | $ 215,000 | $ 56,000 |
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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