Simmons First Bank - Hs Mortgage Lending & HMDA Data, 2004
In 2004, Simmons First Bank - Hs of Hot Springs, AR reported 183 mortgage applications totaling $15.2 million. The average application was for $82,803, and applicants reported an average income of $48,469. 52% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Hot Springs, AR (159) and Little Rock-North Little Rock, AR (3).
| 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 | 183 |
| Total Mortgage Loan Application Amount | $15,153,000 |
| Average Mortgage Loan Application Amount | $82,803 |
| Highest Mortgage Loan Application Amount | $471,000 |
| Average Applicant Income | $48,469 |
| Highest Applicant Income | $590,000 |
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(HMDA) records Simmons First Bank - Hs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 117 | $10,306,000 | $83,000 | $471,000 | $44,500 | $590,000 |
| Refinancing | 53 | $4,351,000 | $82,000 | $379,000 | $44,000 | $385,000 |
| Home Improvement | 13 | $496,000 | $38,000 | $84,000 | $33,000 | $104,000 |
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 | 173 | $14,291,000 | $79,000 | $471,000 | $44,500 | $590,000 |
| Black or African American | 6 | $567,000 | $94,000 | $281,000 | $22,000 | $55,000 |
| Hispanic | 2 | $142,000 | $71,000 | $96,000 | $27,000 | $33,000 |
| Not Provided | 2 | $153,000 | $76,000 | $98,000 | $39,000 | $60,000 |
| American Indian or Alaskan Native | 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 |
| Not applicable | 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) | 164 | $13,399,000 | $74,500 | $471,000 | $44,500 | $590,000 |
| FHA-insured (Federal Housing Administration) | 15 | $1,308,000 | $83,500 | $157,000 | $32,500 | $56,000 |
| VA-guaranteed (Veterans Administration) | 4 | $446,000 | $123,000 | $146,000 | $37,000 | $67,000 |
| 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 | 95 | $6,973,000 | $73,000 | $471,000 | $53,000 | $590,000 |
| Application Denied By Financial Institution | 40 | $3,035,000 | $75,000 | $379,000 | $39,000 | $124,000 |
| Application Withdrawn By Applicant | 28 | $3,047,000 | $108,000 | $327,000 | $81,000 | $244,000 |
| Preapproval Denied by Financial Institution | 11 | $854,000 | $77,000 | $146,000 | $35,000 | $57,000 |
| Application Approved But Not Accepted | 7 | $1,090,000 | $155,000 | $420,000 | $41,000 | $93,000 |
| File Closed For Incompleteness | 1 | $30,000 | $30,000 | $30,000 | $36,000 | $36,000 |
| Loan Purchased By The Institution | 1 | $124,000 | $124,000 | $124,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 21 | $1,237,000 | $63,500 | $281,000 | $28,500 | $70,000 |
| Debt-To-Income Ratio | 14 | $1,573,000 | $106,000 | $379,000 | $37,500 | $124,000 |
| Other | 6 | $473,000 | $74,500 | $165,000 | $53,000 | $107,000 |
| Collateral | 3 | $227,000 | $75,000 | $147,000 | $42,000 | $73,000 |
| Unverifiable Information | 1 | $53,000 | $53,000 | $53,000 | $42,000 | $42,000 |
| 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 - Hs's 2004 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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