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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 381 | $ 77,365,000 | $ 203,057 | $ 119,786 |
| Texarkana, TX-AR | 158 | $ 32,060,000 | $ 202,911 | $ 155,373 |
| Little Rock-North Little Rock-Conway, AR | 23 | $ 6,255,000 | $ 271,956 | $ 158,000 |
| Dallas-Plano-Irving, TX | 16 | $ 70,730,000 | $ 4,420,625 | $ 248,000 |
| Sherman-Denison, TX | 4 | $ 2,490,000 | $ 622,500 | $ 262,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 3 | $ 725,000 | $ 241,666 | $ 101,000 |
| Hot Springs, AR | 3 | $ 385,000 | $ 128,333 | $ 121,000 |
| Shreveport-Bossier City, LA | 3 | $ 675,000 | $ 225,000 | $ 126,000 |
| Longview, TX | 2 | $ 350,000 | $ 175,000 | $ 76,000 |
| Midland, TX | 2 | $ 710,000 | $ 355,000 | $ 107,000 |
| Austin-Round Rock, TX | 1 | $ 165,000 | $ 165,000 | $ 285,000 |
| Fort Worth-Arlington, TX | 1 | $ 295,000 | $ 295,000 | $ 3,388,000 |
| Panama City, FL | 1 | $ 505,000 | $ 505,000 | $ 375,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 465,000 | $ 465,000 | $ 345,000 |
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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