Farmers Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Farmers Bank & Trust of Magnolia, AR reported 915 mortgage applications totaling $198.2 million, up 12% from 2020. The average application was for $216,606, and applicants reported an average income of $128,392. 90% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Texarkana, TX-AR (261), Little Rock-North Little Rock-Conway, AR (42) and Dallas-Plano-Irving, TX (32) (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 | 915 |
| Total Mortgage Loan Application Amount | $198,195,000 |
| Average Mortgage Loan Application Amount | $216,606 |
| Highest Mortgage Loan Application Amount | $4,145,000 |
| Average Applicant Income | $128,392 |
| Highest Applicant Income | $1,101,000 |
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Act (HMDA) records Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Farmers Bank & Trust in 2021
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 | 508 | $107,680,000 | $211,000 | $4,145,000 | $116,000 | $1,101,000 |
| Refinancing | 282 | $65,490,000 | $232,000 | $2,325,000 | $143,000 | $756,000 |
| Cash-out Refinancing | 76 | $19,150,000 | $251,000 | $615,000 | $150,000 | $780,000 |
| Home Improvement | 40 | $4,130,000 | $103,000 | $785,000 | $129,000 | $397,000 |
| Other Purpose | 9 | $1,745,000 | $193,000 | $545,000 | $185,000 | $465,000 |
| 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 | 672 | $142,730,000 | $212,000 | $985,000 | $136,000 | $1,101,000 |
| Not applicable | 125 | $38,815,000 | $310,000 | $4,145,000 | $0 | $0 |
| Black or African American | 58 | $7,020,000 | $121,000 | $355,000 | $86,000 | $327,000 |
| Hispanic | 33 | $3,685,000 | $111,000 | $345,000 | $75,000 | $202,000 |
| Not Provided | 19 | $3,915,000 | $206,000 | $405,000 | $103,000 | $229,000 |
| Asian | 6 | $1,440,000 | $240,000 | $485,000 | $201,000 | $495,000 |
| American Indian or Alaskan Native | 2 | $590,000 | $295,000 | $305,000 | $95,000 | $121,000 |
| 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) | 848 | $186,640,000 | $220,000 | $4,145,000 | $135,000 | $1,101,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 32 | $4,570,000 | $142,000 | $285,000 | $51,000 | $87,000 |
| FHA-insured (Federal Housing Administration) | 27 | $5,215,000 | $193,000 | $335,000 | $65,000 | $104,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,770,000 | $221,000 | $295,000 | $116,000 | $240,000 |
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 | 823 | $183,765,000 | $223,000 | $4,145,000 | $128,000 | $990,000 |
| Application Approved But Not Accepted | 39 | $7,315,000 | $187,000 | $545,000 | $219,000 | $1,101,000 |
| Application Denied By Financial Institution | 39 | $4,625,000 | $118,000 | $405,000 | $54,000 | $133,000 |
| Application Withdrawn By Applicant | 14 | $2,490,000 | $177,000 | $495,000 | $155,000 | $327,000 |
| 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 | 876 | $193,570,000 | $220,000 | $4,145,000 | $133,000 | $1,101,000 |
| Credit History | 26 | $2,720,000 | $104,000 | $405,000 | $57,000 | $133,000 |
| Debt-To-Income Ratio | 13 | $1,905,000 | $146,000 | $405,000 | $49,000 | $120,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2021 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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