Simmons First Bank-Nea Mortgage Lending & HMDA Data, 2011
In 2011, Simmons First Bank-Nea of Jonesboro, AR reported 733 mortgage applications totaling $91.9 million. The average application was for $125,412, and applicants reported an average income of $91,929. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Jonesboro, AR (580), Little Rock-North Little Rock-Conway, AR (9) and Memphis, TN-MS-AR (3) (applications in parentheses).
| Mortgage Company & Address | Simmons First Bank-Nea P.O. Box 7509 Jonesboro, AR 72403 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 |
| Total Number of Mortgage Applications | 733 |
| Total Mortgage Loan Application Amount | $91,927,000 |
| Average Mortgage Loan Application Amount | $125,412 |
| Highest Mortgage Loan Application Amount | $1,040,000 |
| Average Applicant Income | $91,929 |
| Highest Applicant Income | $830,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank-Nea filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Nea 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 |
|---|---|---|---|---|---|---|
| Refinancing | 332 | $48,328,000 | $145,000 | $1,040,000 | $102,000 | $830,000 |
| Home Purchase | 319 | $40,174,000 | $125,000 | $928,000 | $84,000 | $736,000 |
| Home Improvement | 82 | $3,425,000 | $41,000 | $209,000 | $82,000 | $487,000 |
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 | 668 | $84,714,000 | $126,000 | $1,040,000 | $96,000 | $830,000 |
| Not applicable | 30 | $3,548,000 | $118,000 | $705,000 | $0 | $0 |
| Black or African American | 19 | $1,568,000 | $82,000 | $225,000 | $78,000 | $486,000 |
| Hispanic | 10 | $972,000 | $97,000 | $228,000 | $69,000 | $119,000 |
| Asian | 4 | $898,000 | $224,000 | $384,000 | $279,000 | $350,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $117,000 | $117,000 | $117,000 | $123,000 | $123,000 |
| Not Provided | 1 | $110,000 | $110,000 | $110,000 | $48,000 | $48,000 |
| American Indian or Alaskan Native | 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) | 635 | $79,413,000 | $125,000 | $1,040,000 | $97,000 | $830,000 |
| FHA-insured (Federal Housing Administration) | 62 | $8,069,000 | $130,000 | $242,000 | $65,000 | $182,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $2,240,000 | $101,000 | $165,000 | $37,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 14 | $2,205,000 | $157,000 | $395,000 | $65,000 | $248,000 |
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 | 617 | $77,030,000 | $124,000 | $928,000 | $92,000 | $830,000 |
| Application Denied By Financial Institution | 52 | $6,170,000 | $118,000 | $1,040,000 | $69,000 | $737,000 |
| Application Withdrawn By Applicant | 47 | $5,659,000 | $120,000 | $344,000 | $78,000 | $231,000 |
| Application Approved But Not Accepted | 17 | $3,068,000 | $180,000 | $380,000 | $179,000 | $610,000 |
| 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 | 25 | $1,483,000 | $59,000 | $142,000 | $49,000 | $350,000 |
| Collateral | 14 | $2,985,000 | $213,000 | $1,040,000 | $112,000 | $737,000 |
| Debt-To-Income Ratio | 9 | $1,249,000 | $138,000 | $352,000 | $44,000 | $137,000 |
| Other | 2 | $90,000 | $45,000 | $70,000 | $54,000 | $73,000 |
| Credit Application Incomplete | 1 | $299,000 | $299,000 | $299,000 | $243,000 | $243,000 |
| Unverifiable Information | 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-Nea'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-Nea'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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