Summit Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2005
Summit Bank 2005 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Summit Bank 409 Main Street Arkadelphia, AR 71923 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 975 |
| Total Mortgage Loan Application Amount | $100,549,000 |
| Average Mortgage Loan Application Amount | $102,714 |
| Highest Mortgage Loan Application Amount | $1,339,000 |
| Average Applicant Income | $126,142 |
| Highest Applicant Income | $955,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2005 with Summit Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Summit Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2005 breaks down Summit Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Summit Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Summit Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Summit Bank's mortgage activity for 2005.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Garland County Arkansas | 306 | $ 41,153,000 | $ 134,000 | $ 63,000 |
| Hot Spring County Arkansas | 136 | $ 10,587,000 | $ 77,000 | $ 50,000 |
| Clark County Arkansas | 121 | $ 10,344,000 | $ 85,000 | $ 55,000 |
| Hempstead County Arkansas | 112 | $ 6,221,000 | $ 55,000 | $ 49,000 |
| Saline County Arkansas | 96 | $ 11,664,000 | $ 121,000 | $ 65,000 |
| Pulaski County Arkansas | 77 | $ 12,172,000 | $ 158,000 | $ 81,000 |
| Columbia County Arkansas | 54 | $ 2,353,000 | $ 43,000 | $ 38,000 |
| Nevada County Arkansas | 19 | $ 433,000 | $ 22,000 | $ 63,000 |
| Grant County Arkansas | 8 | $ 1,602,000 | $ 200,000 | $ 110,000 |
| Lafayette County Arkansas | 8 | $ 316,000 | $ 39,000 | $ 59,000 |
| Pike County Arkansas | 6 | $ 293,000 | $ 48,000 | $ 42,000 |
| Washington County Arkansas | 5 | $ 812,000 | $ 162,000 | $ 42,000 |
| Montgomery County Arkansas | 4 | $ 297,000 | $ 74,000 | $ 28,000 |
| Faulkner County Arkansas | 3 | $ 551,000 | $ 183,000 | $ 55,000 |
| Miller County Arkansas | 3 | $ 145,000 | $ 48,000 | $ 39,000 |
| Dallas County Arkansas | 2 | $ 240,000 | $ 120,000 | $ 92,000 |
| Howard County Arkansas | 2 | $ 280,000 | $ 140,000 | $ 84,000 |
| Perry County Arkansas | 2 | $ 117,000 | $ 58,000 | $ 44,000 |
| Union County Arkansas | 2 | $ 150,000 | $ 75,000 | $ 61,000 |
| Craighead County Arkansas | 1 | $ 37,000 | $ 37,000 | $ 48,000 |
| Pope County Arkansas | 1 | $ 54,000 | $ 54,000 | $ 36,000 |
| Stone County Arkansas | 1 | $ 152,000 | $ 152,000 | $ 180,000 |
| Van Buren County Arkansas | 1 | $ 50,000 | $ 50,000 | $ 92,000 |
| Contra Costa County California | 1 | $ 208,000 | $ 208,000 | $ 0 |
| Middlesex County Massachusetts | 1 | $ 1,000 | $ 1,000 | $ 9,000 |
| Rutherford County Tennessee | 1 | $ 157,000 | $ 157,000 | $ 227,000 |
| Bowie County Texas | 1 | $ 110,000 | $ 110,000 | $ 480,000 |
Mortgage Loan Application Detail Totals for Summit Bank in 2005
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 | 632 | $72,295,000 | $95,500 | $1,339,000 | $194,000 | $955,000 |
| Refinancing | 276 | $25,813,000 | $150,500 | $746,000 | $27,000 | $476,000 |
| Home Improvement | 67 | $2,441,000 | $36,000 | $121,000 | $53,000 | $249,000 |
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 | 804 | $84,953,000 | $93,250 | $1,200,000 | $195,250 | $818,000 |
| Black or African American | 82 | $3,418,000 | $41,000 | $173,000 | $41,000 | $227,000 |
| Not applicable | 51 | $9,244,000 | $181,000 | $1,339,000 | $46,000 | $955,000 |
| Hispanic | 27 | $1,498,000 | $55,000 | $107,000 | $43,000 | $149,000 |
| Asian | 4 | $789,000 | $197,000 | $360,000 | $107,000 | $245,000 |
| Not Provided | 4 | $409,000 | $137,500 | $208,000 | $17,500 | $39,000 |
| American Indian or Alaskan Native | 2 | $116,000 | $58,000 | $61,000 | $9,000 | $18,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $122,000 | $122,000 | $122,000 | $186,000 | $186,000 |
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) | 931 | $96,574,000 | $115,800 | $1,339,000 | $155,000 | $955,000 |
| FHA-insured (Federal Housing Administration) | 23 | $1,975,000 | $85,000 | $142,000 | $46,000 | $79,000 |
| VA-guaranteed (Veterans Administration) | 12 | $1,329,000 | $110,000 | $300,000 | $38,000 | $99,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $671,000 | $74,000 | $102,000 | $42,000 | $63,000 |
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 | 802 | $88,302,000 | $125,666 | $1,339,000 | $256,333 | $955,000 |
| Application Denied By Financial Institution | 131 | $7,608,000 | $88,666 | $1,200,000 | $17,333 | $360,000 |
| Application Withdrawn By Applicant | 24 | $2,667,000 | $111,000 | $321,000 | $67,000 | $280,000 |
| Application Approved But Not Accepted | 17 | $1,833,000 | $107,000 | $402,000 | $77,000 | $369,000 |
| Preapproval Denied by Financial Institution | 1 | $139,000 | $139,000 | $139,000 | $55,000 | $55,000 |
| 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 |
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 | 96 | $3,687,000 | $19,500 | $167,000 | $22,500 | $240,000 |
| Debt-To-Income Ratio | 28 | $1,812,000 | $64,000 | $225,000 | $38,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,972,000 | $394,000 | $1,200,000 | $110,000 | $360,000 |
| Other | 1 | $208,000 | $208,000 | $208,000 | $0 | $0 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $38,000 | $38,000 |
| Collateral | 1 | $3,000 | $3,000 | $3,000 | $72,000 | $72,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Summit Bank's 2005 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 Summit Bank'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.