Simmons First Bank-Hot Springs Mortgage Lending & HMDA Data, 2012
In 2012, Simmons First Bank-Hot Springs of Hot Springs, AR reported 159 mortgage applications totaling $20.9 million, down 2% from 2011. The average application was for $131,238, and applicants reported an average income of $81,289. 50% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Hot Springs, AR (141), Little Rock-North Little Rock-Conway, AR (6) and Pine Bluff, 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 | 159 |
| Total Mortgage Loan Application Amount | $20,867,000 |
| Average Mortgage Loan Application Amount | $131,238 |
| Highest Mortgage Loan Application Amount | $711,000 |
| Average Applicant Income | $81,289 |
| Highest Applicant Income | $333,000 |
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records Simmons First Bank-Hot Springs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Simmons First Bank-Hot Springs in 2012
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 | 78 | $10,220,000 | $131,000 | $600,000 | $88,000 | $309,000 |
| Refinancing | 61 | $9,799,000 | $160,000 | $711,000 | $81,000 | $333,000 |
| Home Improvement | 20 | $848,000 | $42,000 | $128,000 | $56,000 | $250,000 |
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 | 148 | $19,913,000 | $134,000 | $711,000 | $85,000 | $333,000 |
| Hispanic | 4 | $263,000 | $65,000 | $120,000 | $41,000 | $51,000 |
| Asian | 3 | $302,000 | $100,000 | $147,000 | $28,000 | $33,000 |
| Black or African American | 2 | $144,000 | $72,000 | $124,000 | $19,000 | $20,000 |
| Not applicable | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| Not Provided | 1 | $80,000 | $80,000 | $80,000 | $65,000 | $65,000 |
| American Indian or Alaskan Native | 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) | 142 | $18,856,000 | $132,000 | $711,000 | $83,000 | $333,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,467,000 | $112,000 | $267,000 | $60,000 | $109,000 |
| VA-guaranteed (Veterans Administration) | 4 | $544,000 | $136,000 | $140,000 | $74,000 | $100,000 |
| 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 | 80 | $10,123,000 | $126,000 | $711,000 | $88,000 | $309,000 |
| Application Denied By Financial Institution | 41 | $4,276,000 | $104,000 | $300,000 | $52,000 | $175,000 |
| Application Withdrawn By Applicant | 34 | $6,130,000 | $180,000 | $417,000 | $100,000 | $333,000 |
| Application Approved But Not Accepted | 4 | $338,000 | $84,000 | $158,000 | $87,000 | $134,000 |
| 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 | 19 | $1,560,000 | $82,000 | $182,000 | $45,000 | $100,000 |
| Debt-To-Income Ratio | 11 | $1,575,000 | $143,000 | $300,000 | $46,000 | $131,000 |
| Collateral | 9 | $626,000 | $69,000 | $116,000 | $62,000 | $175,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $267,000 | $267,000 | $267,000 | $72,000 | $72,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Simmons First Bank-Hot Springs's 2012 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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