Simmons First Bank-Nea Mortgage Lending & HMDA Data, 2012
In 2012, Simmons First Bank-Nea of Jonesboro, AR reported 915 mortgage applications totaling $123.7 million, up 25% from 2011. The average application was for $135,163, and applicants reported an average income of $88,473. 85% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Jonesboro, AR (679), Little Rock-North Little Rock-Conway, AR (17) and Hot Springs, 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 | 915 |
| Total Mortgage Loan Application Amount | $123,675,000 |
| Average Mortgage Loan Application Amount | $135,163 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $88,473 |
| Highest Applicant Income | $1,200,000 |
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(HMDA) records Simmons First Bank-Nea filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 467 | $60,359,000 | $129,000 | $1,000,000 | $71,000 | $701,000 |
| Refinancing | 395 | $61,165,000 | $154,000 | $988,000 | $110,000 | $1,200,000 |
| Home Improvement | 53 | $2,151,000 | $40,000 | $319,000 | $82,000 | $303,000 |
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 | 803 | $110,313,000 | $137,000 | $988,000 | $96,000 | $1,200,000 |
| Not applicable | 67 | $7,286,000 | $108,000 | $1,000,000 | $0 | $0 |
| Hispanic | 20 | $2,553,000 | $127,000 | $225,000 | $63,000 | $244,000 |
| Black or African American | 14 | $2,209,000 | $157,000 | $274,000 | $102,000 | $203,000 |
| Asian | 6 | $801,000 | $133,000 | $417,000 | $106,000 | $403,000 |
| Not Provided | 4 | $474,000 | $118,000 | $187,000 | $66,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $39,000 | $39,000 | $39,000 | $62,000 | $62,000 |
| 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) | 760 | $103,737,000 | $136,000 | $1,000,000 | $96,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) | 92 | $12,487,000 | $135,000 | $259,000 | $56,000 | $192,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 52 | $5,428,000 | $104,000 | $153,000 | $38,000 | $68,000 |
| VA-guaranteed (Veterans Administration) | 11 | $2,023,000 | $183,000 | $293,000 | $98,000 | $378,000 |
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 | 775 | $102,220,000 | $131,000 | $1,000,000 | $88,000 | $701,000 |
| Application Withdrawn By Applicant | 62 | $10,459,000 | $168,000 | $988,000 | $101,000 | $1,200,000 |
| Application Denied By Financial Institution | 54 | $7,518,000 | $139,000 | $520,000 | $93,000 | $472,000 |
| Application Approved But Not Accepted | 22 | $3,061,000 | $139,000 | $350,000 | $66,000 | $171,000 |
| File Closed For Incompleteness | 2 | $417,000 | $208,000 | $285,000 | $118,000 | $173,000 |
| 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 | 20 | $1,954,000 | $97,000 | $258,000 | $55,000 | $169,000 |
| Collateral | 16 | $2,658,000 | $166,000 | $520,000 | $139,000 | $302,000 |
| Debt-To-Income Ratio | 10 | $1,767,000 | $176,000 | $360,000 | $91,000 | $472,000 |
| Credit Application Incomplete | 5 | $796,000 | $159,000 | $224,000 | $98,000 | $300,000 |
| Employment History | 2 | $278,000 | $139,000 | $239,000 | $114,000 | $167,000 |
| Other | 1 | $65,000 | $65,000 | $65,000 | $57,000 | $57,000 |
| Unverifiable Information | 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 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-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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