Simmons First Bank-Hot Springs Mortgage Lending & HMDA Data, 2011
In 2011, Simmons First Bank-Hot Springs of Hot Springs, AR reported 162 mortgage applications totaling $24.7 million. The average application was for $152,172, and applicants reported an average income of $75,543. 66% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Hot Springs, AR (145), Fayetteville-Springdale-Rogers, AR-MO (3) and Little Rock-North Little Rock-Conway, AR (2) (applications in parentheses).
| Mortgage Company & Address | Simmons First Bank-Hot Springs 100 Werner Street Hot Springs, AR 71903 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 |
| Total Number of Mortgage Applications | 162 |
| Total Mortgage Loan Application Amount | $24,652,000 |
| Average Mortgage Loan Application Amount | $152,172 |
| Highest Mortgage Loan Application Amount | $1,840,000 |
| Average Applicant Income | $75,543 |
| Highest Applicant Income | $502,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank-Hot Springs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Garland, Arkansas | 145 | $ 22,635,000 | $ 156,103 | $ 78,000 |
| Hot Spring, Arkansas | 5 | $ 511,000 | $ 102,200 | $ 55,000 |
| Washington, Arkansas | 3 | $ 386,000 | $ 128,666 | $ 85,000 |
| Clark, Arkansas | 2 | $ 180,000 | $ 90,000 | $ 30,000 |
| Montgomery, Arkansas | 2 | $ 60,000 | $ 30,000 | $ 53,000 |
| Phillips, Arkansas | 2 | $ 360,000 | $ 180,000 | $ 36,000 |
| Perry, Arkansas | 1 | $ 160,000 | $ 160,000 | $ 73,000 |
| Pope, Arkansas | 1 | $ 255,000 | $ 255,000 | $ 105,000 |
| Saline, Arkansas | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Simmons First Bank-Hot Springs 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 | 88 | $15,377,000 | $174,000 | $1,840,000 | $77,000 | $502,000 |
| Refinancing | 56 | $8,295,000 | $148,000 | $410,000 | $76,000 | $277,000 |
| Home Improvement | 18 | $980,000 | $54,000 | $168,000 | $67,000 | $244,000 |
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 | 150 | $21,836,000 | $145,000 | $828,000 | $79,000 | $502,000 |
| Not applicable | 3 | $2,063,000 | $687,000 | $1,840,000 | $0 | $0 |
| Asian | 3 | $276,000 | $92,000 | $96,000 | $62,000 | $128,000 |
| Black or African American | 3 | $128,000 | $42,000 | $71,000 | $46,000 | $65,000 |
| Hispanic | 2 | $270,000 | $135,000 | $160,000 | $64,000 | $73,000 |
| American Indian or Alaskan Native | 1 | $79,000 | $79,000 | $79,000 | $55,000 | $55,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 150 | $22,425,000 | $149,000 | $1,840,000 | $74,000 | $502,000 |
| FHA-insured (Federal Housing Administration) | 7 | $844,000 | $120,000 | $171,000 | $55,000 | $104,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,383,000 | $276,000 | $351,000 | $166,000 | $262,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 107 | $17,097,000 | $159,000 | $1,840,000 | $78,000 | $502,000 |
| Application Denied By Financial Institution | 30 | $3,295,000 | $109,000 | $386,000 | $53,000 | $159,000 |
| Application Withdrawn By Applicant | 22 | $4,090,000 | $185,000 | $417,000 | $97,000 | $266,000 |
| Application Approved But Not Accepted | 3 | $170,000 | $56,000 | $66,000 | $57,000 | $66,000 |
| 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 | 15 | $1,351,000 | $90,000 | $335,000 | $38,000 | $158,000 |
| Debt-To-Income Ratio | 13 | $1,626,000 | $125,000 | $386,000 | $71,000 | $159,000 |
| Collateral | 1 | $188,000 | $188,000 | $188,000 | $36,000 | $36,000 |
| Other | 1 | $130,000 | $130,000 | $130,000 | $61,000 | $61,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Simmons First Bank-Hot Springs'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 Simmons First Bank-Hot Springs'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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