The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2011
In 2011, The Farmers & Merchants Bank of Stuttgart, AR reported 252 mortgage applications totaling $15.3 million, down 31% from 2010. The average application was for $60,884, and applicants reported an average income of $79,071. 94% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (24), Hot Springs, AR (3) and Jonesboro, AR (2) (applications in parentheses).
| Mortgage Company & Address | The Farmers & Merchants Bank 708 S Main St Stuttgart, AR 72160 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 | 252 |
| Total Mortgage Loan Application Amount | $15,343,000 |
| Average Mortgage Loan Application Amount | $60,884 |
| Highest Mortgage Loan Application Amount | $572,000 |
| Average Applicant Income | $79,071 |
| Highest Applicant Income | $1,225,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Little Rock-North Little Rock-Conway, AR | 24 | $ 2,095,000 | $ 87,291 | $ 89,000 |
| Hot Springs, AR | 3 | $ 242,000 | $ 80,666 | $ 442,000 |
| Jonesboro, AR | 2 | $ 103,000 | $ 51,500 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 132,000 | $ 132,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2011
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 | 142 | $9,588,000 | $67,000 | $572,000 | $81,000 | $1,007,000 |
| Refinancing | 56 | $3,381,000 | $60,000 | $236,000 | $54,000 | $240,000 |
| Home Improvement | 54 | $2,374,000 | $43,000 | $232,000 | $100,000 | $1,225,000 |
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 | 217 | $13,675,000 | $63,000 | $572,000 | $87,000 | $1,225,000 |
| Black or African American | 20 | $869,000 | $43,000 | $133,000 | $44,000 | $190,000 |
| Not applicable | 13 | $739,000 | $56,000 | $143,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $8,000 | $8,000 | $8,000 | $51,000 | $51,000 |
| Asian | 1 | $52,000 | $52,000 | $52,000 | $60,000 | $60,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 252 | $15,343,000 | $60,000 | $572,000 | $79,000 | $1,225,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 237 | $14,560,000 | $61,000 | $572,000 | $82,000 | $1,225,000 |
| Application Denied By Financial Institution | 10 | $419,000 | $41,000 | $107,000 | $35,000 | $91,000 |
| Application Approved But Not Accepted | 3 | $256,000 | $85,000 | $135,000 | $37,000 | $43,000 |
| Application Withdrawn By Applicant | 2 | $108,000 | $54,000 | $83,000 | $31,000 | $45,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $162,000 | $40,000 | $90,000 | $40,000 | $91,000 |
| Debt-To-Income Ratio | 2 | $126,000 | $63,000 | $107,000 | $18,000 | $28,000 |
| Collateral | 2 | $63,000 | $31,000 | $38,000 | $48,000 | $53,000 |
| Other | 1 | $41,000 | $41,000 | $41,000 | $44,000 | $44,000 |
| Employment History | 1 | $27,000 | $27,000 | $27,000 | $20,000 | $20,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants Bank's 2011 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 The Farmers & Merchants Bank'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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