Hot Springs Bank & Trust Co Mortgage Lending & HMDA Data, 2010
In 2010, Hot Springs Bank & Trust Co of Hot Springs, AR reported 62 mortgage applications totaling $10.0 million, up 3% from 2009. The average application was for $160,596, and applicants reported an average income of $58,612. 53% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Hot Springs, AR (51) and Little Rock-North Little Rock-Conway, AR (7).
| Mortgage Company & Address | Hot Springs Bank & Trust Co 4446 Central Ave Hot Springs, AR 71913 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 62 |
| Total Mortgage Loan Application Amount | $9,957,000 |
| Average Mortgage Loan Application Amount | $160,596 |
| Highest Mortgage Loan Application Amount | $1,020,000 |
| Average Applicant Income | $58,612 |
| Highest Applicant Income | $348,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hot Springs Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Hot Springs Bank & Trust Co 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 38 | $7,277,000 | $191,000 | $1,020,000 | $53,000 | $348,000 |
| Refinancing | 20 | $2,624,000 | $131,000 | $370,000 | $75,000 | $151,000 |
| Home Improvement | 4 | $56,000 | $14,000 | $25,000 | $30,000 | $122,000 |
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 | 45 | $6,665,000 | $148,000 | $370,000 | $76,000 | $348,000 |
| Not applicable | 14 | $3,095,000 | $221,000 | $1,020,000 | $0 | $0 |
| Black or African American | 3 | $197,000 | $65,000 | $168,000 | $83,000 | $125,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 62 | $9,957,000 | $160,000 | $1,020,000 | $59,000 | $348,000 |
| 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 | 33 | $5,317,000 | $161,000 | $1,020,000 | $52,000 | $348,000 |
| Application Withdrawn By Applicant | 16 | $3,018,000 | $188,000 | $370,000 | $80,000 | $184,000 |
| Application Denied By Financial Institution | 13 | $1,622,000 | $124,000 | $245,000 | $49,000 | $150,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 6 | $558,000 | $93,000 | $240,000 | $58,000 | $150,000 |
| Debt-To-Income Ratio | 6 | $916,000 | $152,000 | $245,000 | $36,000 | $94,000 |
| Unverifiable Information | 1 | $148,000 | $148,000 | $148,000 | $77,000 | $77,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hot Springs Bank & Trust Co'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 Hot Springs Bank & Trust Co'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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