Simmons First Bank - Hs Mortgage Lending & HMDA Data, 2009
In 2009, Simmons First Bank - Hs of Hot Springs, AR reported 139 mortgage applications totaling $17.3 million, about the same as 2008. The average application was for $124,302, and applicants reported an average income of $87,589. 53% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Hot Springs, AR (117) and Little Rock-North Little Rock-Conway, AR (9).
| 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 | 139 |
| Total Mortgage Loan Application Amount | $17,278,000 |
| Average Mortgage Loan Application Amount | $124,302 |
| Highest Mortgage Loan Application Amount | $675,000 |
| Average Applicant Income | $87,589 |
| Highest Applicant Income | $581,000 |
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(HMDA) records Simmons First Bank - Hs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Garland, Arkansas | 117 | $ 13,567,000 | $ 115,957 | $ 86,000 |
| Hot Spring, Arkansas | 8 | $ 1,846,000 | $ 230,750 | $ 103,000 |
| Saline, Arkansas | 5 | $ 518,000 | $ 103,600 | $ 70,000 |
| Pulaski, Arkansas | 3 | $ 669,000 | $ 223,000 | $ 158,000 |
| Montgomery, Arkansas | 2 | $ 411,000 | $ 205,500 | $ 72,000 |
| Pike, Arkansas | 2 | $ 45,000 | $ 22,500 | $ 32,000 |
| Clark, Arkansas | 1 | $ 27,000 | $ 27,000 | $ 30,000 |
| Grant, Arkansas | 1 | $ 195,000 | $ 195,000 | $ 136,000 |
Mortgage Loan Application Detail Totals for Simmons First Bank - Hs in 2009
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 | 81 | $10,390,000 | $128,000 | $675,000 | $76,000 | $466,000 |
| Refinancing | 43 | $6,097,000 | $141,000 | $410,000 | $118,000 | $581,000 |
| Home Improvement | 15 | $791,000 | $52,000 | $200,000 | $63,000 | $127,000 |
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 | 131 | $16,670,000 | $127,000 | $675,000 | $91,000 | $581,000 |
| Black or African American | 5 | $451,000 | $90,000 | $152,000 | $27,000 | $35,000 |
| Hispanic | 1 | $5,000 | $5,000 | $5,000 | $28,000 | $28,000 |
| American Indian or Alaskan Native | 1 | $65,000 | $65,000 | $65,000 | $82,000 | $82,000 |
| Not applicable | 1 | $87,000 | $87,000 | $87,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 116 | $14,006,000 | $120,000 | $675,000 | $93,000 | $581,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,429,000 | $134,000 | $245,000 | $53,000 | $105,000 |
| VA-guaranteed (Veterans Administration) | 5 | $843,000 | $168,000 | $310,000 | $73,000 | $139,000 |
| 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 | 74 | $9,406,000 | $127,000 | $675,000 | $99,000 | $581,000 |
| Application Denied By Financial Institution | 33 | $3,470,000 | $105,000 | $350,000 | $59,000 | $209,000 |
| Application Withdrawn By Applicant | 28 | $3,509,000 | $125,000 | $410,000 | $88,000 | $325,000 |
| Application Approved But Not Accepted | 4 | $893,000 | $223,000 | $486,000 | $96,000 | $201,000 |
| 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 | $1,107,000 | $73,000 | $175,000 | $48,000 | $118,000 |
| Debt-To-Income Ratio | 8 | $1,086,000 | $135,000 | $350,000 | $55,000 | $144,000 |
| Other | 4 | $780,000 | $195,000 | $340,000 | $108,000 | $209,000 |
| Collateral | 3 | $336,000 | $112,000 | $140,000 | $55,000 | $69,000 |
| Employment History | 1 | $5,000 | $5,000 | $5,000 | $28,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Simmons First Bank - Hs's 2009 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.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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