Simmons First Bank - Hs Mortgage Lending & HMDA Data, 2010
In 2010, Simmons First Bank - Hs of Hot Springs, AR reported 186 mortgage applications totaling $22.5 million, up 34% from 2009. The average application was for $121,150, and applicants reported an average income of $79,462. 59% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Hot Springs, AR (156), Little Rock-North Little Rock-Conway, AR (10) and Texarkana, Tx-Texarkana, AR (1) (applications in parentheses).
| Mortgage Company & Address | Simmons First Bank - Hs 100 Werner Street Hot Springs, AR 71903 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 186 |
| Total Mortgage Loan Application Amount | $22,534,000 |
| Average Mortgage Loan Application Amount | $121,150 |
| Highest Mortgage Loan Application Amount | $452,000 |
| Average Applicant Income | $79,462 |
| Highest Applicant Income | $600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank - Hs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 - Hs 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 | 82 | $8,661,000 | $105,000 | $452,000 | $70,000 | $600,000 |
| Refinancing | 80 | $12,155,000 | $151,000 | $417,000 | $86,000 | $394,000 |
| Home Improvement | 24 | $1,718,000 | $71,000 | $265,000 | $90,000 | $440,000 |
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 | 176 | $21,427,000 | $121,000 | $452,000 | $82,000 | $600,000 |
| Black or African American | 5 | $430,000 | $86,000 | $146,000 | $44,000 | $82,000 |
| Hispanic | 2 | $108,000 | $54,000 | $89,000 | $61,000 | $62,000 |
| American Indian or Alaskan Native | 1 | $40,000 | $40,000 | $40,000 | $26,000 | $26,000 |
| Not applicable | 1 | $149,000 | $149,000 | $149,000 | $0 | $0 |
| Not Provided | 1 | $380,000 | $380,000 | $380,000 | $76,000 | $76,000 |
| Asian | 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) | 160 | $19,547,000 | $122,000 | $452,000 | $84,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 24 | $2,782,000 | $115,000 | $262,000 | $52,000 | $145,000 |
| VA-guaranteed (Veterans Administration) | 2 | $205,000 | $102,000 | $114,000 | $37,000 | $44,000 |
| 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 | 109 | $12,852,000 | $117,000 | $452,000 | $90,000 | $600,000 |
| Application Denied By Financial Institution | 38 | $5,174,000 | $136,000 | $414,000 | $59,000 | $255,000 |
| Application Withdrawn By Applicant | 38 | $4,340,000 | $114,000 | $400,000 | $69,000 | $351,000 |
| Application Approved But Not Accepted | 1 | $168,000 | $168,000 | $168,000 | $133,000 | $133,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 17 | $3,007,000 | $176,000 | $414,000 | $49,000 | $207,000 |
| Collateral | 8 | $984,000 | $123,000 | $374,000 | $76,000 | $157,000 |
| Credit History | 6 | $383,000 | $63,000 | $135,000 | $34,000 | $62,000 |
| Other | 3 | $441,000 | $147,000 | $273,000 | $79,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $186,000 | $93,000 | $100,000 | $43,000 | $47,000 |
| Unverifiable Information | 1 | $73,000 | $73,000 | $73,000 | $18,000 | $18,000 |
| Mortgage Insurance Denied | 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 - Hs'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 Simmons First Bank - Hs'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.
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