Fordyce Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, Fordyce Bank & Trust Company of Fordyce, AR reported 275 mortgage applications totaling $16.6 million, up 12% from 2009. The average application was for $60,501, and applicants reported an average income of $62,945. 91% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Pine Bluff, AR (87), Little Rock-North Little Rock-Conway, AR (12) and Hot Springs, AR (4) (applications in parentheses).
| Mortgage Company & Address | Fordyce Bank & Trust Company 200 West Fourth St Fordyce, AR 71742 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 275 |
| Total Mortgage Loan Application Amount | $16,638,000 |
| Average Mortgage Loan Application Amount | $60,501 |
| Highest Mortgage Loan Application Amount | $690,000 |
| Average Applicant Income | $62,945 |
| Highest Applicant Income | $624,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fordyce Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas, Arkansas | 134 | $ 6,834,000 | $ 51,000 | $ 71,000 |
| Cleveland, Arkansas | 54 | $ 2,451,000 | $ 45,388 | $ 47,000 |
| Jefferson, Arkansas | 32 | $ 2,254,000 | $ 70,437 | $ 61,000 |
| Calhoun, Arkansas | 25 | $ 1,204,000 | $ 48,160 | $ 43,000 |
| Saline, Arkansas | 5 | $ 438,000 | $ 87,600 | $ 72,000 |
| Garland, Arkansas | 4 | $ 796,000 | $ 199,000 | $ 160,000 |
| Ouachita, Arkansas | 4 | $ 165,000 | $ 41,250 | $ 100,000 |
| Clark, Arkansas | 3 | $ 113,000 | $ 37,666 | $ 0 |
| Grant, Arkansas | 3 | $ 1,407,000 | $ 469,000 | $ 22,000 |
| Pulaski, Arkansas | 3 | $ 292,000 | $ 97,333 | $ 76,000 |
| Bradley, Arkansas | 2 | $ 85,000 | $ 42,500 | $ 57,000 |
| Montgomery, Arkansas | 2 | $ 175,000 | $ 87,500 | $ 21,000 |
| Drew, Arkansas | 1 | $ 84,000 | $ 84,000 | $ 60,000 |
| Faulkner, Arkansas | 1 | $ 237,000 | $ 237,000 | $ 168,000 |
| Lincoln, Arkansas | 1 | $ 13,000 | $ 13,000 | $ 148,000 |
| Newton, Arkansas | 1 | $ 90,000 | $ 90,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for Fordyce Bank & Trust Company in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 189 | $11,809,000 | $62,000 | $690,000 | $56,000 | $361,000 |
| Home Purchase | 61 | $3,819,000 | $62,000 | $300,000 | $91,000 | $624,000 |
| Home Improvement | 25 | $1,010,000 | $40,000 | $166,000 | $47,000 | $128,000 |
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 | 202 | $11,751,000 | $58,000 | $363,000 | $77,000 | $624,000 |
| Black or African American | 44 | $1,342,000 | $30,000 | $240,000 | $35,000 | $130,000 |
| Not applicable | 27 | $3,507,000 | $129,000 | $690,000 | $0 | $0 |
| Hispanic | 2 | $38,000 | $19,000 | $19,000 | $52,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 275 | $16,638,000 | $60,000 | $690,000 | $63,000 | $624,000 |
| 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 | 249 | $15,190,000 | $61,000 | $690,000 | $65,000 | $624,000 |
| Application Denied By Financial Institution | 20 | $953,000 | $47,000 | $200,000 | $36,000 | $123,000 |
| Application Withdrawn By Applicant | 4 | $463,000 | $115,000 | $363,000 | $61,000 | $164,000 |
| Application Approved But Not Accepted | 2 | $32,000 | $16,000 | $18,000 | $45,000 | $50,000 |
| 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 | 13 | $690,000 | $53,000 | $200,000 | $35,000 | $112,000 |
| Collateral | 2 | $98,000 | $49,000 | $84,000 | $49,000 | $60,000 |
| Other | 2 | $130,000 | $65,000 | $90,000 | $69,000 | $123,000 |
| Unverifiable Information | 2 | $10,000 | $5,000 | $6,000 | $6,000 | $8,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $25,000 | $25,000 | $25,000 | $16,000 | $16,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fordyce Bank & Trust Company's 2010 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 Fordyce Bank & Trust Company'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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