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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 342 | $ 52,510,000 | $ 153,538 | $ 121,453 |
| Texarkana, TX-AR | 126 | $ 30,340,000 | $ 240,793 | $ 152,666 |
| Dallas-Plano-Irving, TX | 25 | $ 14,625,000 | $ 585,000 | $ 277,000 |
| Little Rock-North Little Rock-Conway, AR | 10 | $ 4,240,000 | $ 424,000 | $ 264,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 6 | $ 2,210,000 | $ 368,333 | $ 147,000 |
| Fort Worth-Arlington, TX | 5 | $ 4,295,000 | $ 859,000 | $ 1,708,000 |
| Hot Springs, AR | 5 | $ 1,095,000 | $ 219,000 | $ 122,000 |
| Shreveport-Bossier City, LA | 3 | $ 215,000 | $ 71,666 | $ 52,000 |
| Abilene, TX | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 365,000 | $ 365,000 | $ 110,000 |
| Chattanooga, TN-GA | 1 | $ 5,505,000 | $ 5,505,000 | $ 0 |
| Lawton, OK | 1 | $ 255,000 | $ 255,000 | $ 86,000 |
| Rome, GA | 1 | $ 14,975,000 | $ 14,975,000 | $ 0 |
| Sherman-Denison, TX | 1 | $ 485,000 | $ 485,000 | $ 198,000 |
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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