The First National Bank at Par Mortgage Lending & HMDA Data, 2005
In 2005, The First National Bank at Par of Paris, AR reported 233 mortgage applications totaling $17.5 million. The average application was for $75,068, and applicants reported an average income of $58,540. 76% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Fort Smith, AR-OK (20), Little Rock-North Little Rock, AR (9) and Jonesboro, AR (4) (applications in parentheses).
| Mortgage Company & Address | The First National Bank at Par P.O. Box 31 Paris, AR 72855 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 |
| Total Number of Mortgage Applications | 233 |
| Total Mortgage Loan Application Amount | $17,491,000 |
| Average Mortgage Loan Application Amount | $75,068 |
| Highest Mortgage Loan Application Amount | $818,000 |
| Average Applicant Income | $58,540 |
| Highest Applicant Income | $1,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The First National Bank at Par filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 The First National Bank at Par 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 | 134 | $9,487,000 | $70,000 | $400,000 | $40,000 | $212,000 |
| Refinancing | 81 | $7,491,000 | $92,000 | $818,000 | $94,000 | $1,900,000 |
| Home Improvement | 18 | $513,000 | $28,000 | $99,000 | $37,000 | $60,000 |
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 | 209 | $15,095,000 | $72,000 | $700,000 | $58,000 | $1,900,000 |
| Asian | 10 | $1,555,000 | $155,000 | $818,000 | $96,000 | $290,000 |
| Hispanic | 9 | $556,000 | $61,000 | $88,000 | $34,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $125,000 | $62,000 | $70,000 | $25,000 | $34,000 |
| Black or African American | 2 | $103,000 | $51,000 | $54,000 | $27,000 | $32,000 |
| American Indian or Alaskan Native | 1 | $57,000 | $57,000 | $57,000 | $65,000 | $65,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 175 | $13,928,000 | $79,000 | $818,000 | $72,000 | $1,900,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 32 | $1,940,000 | $60,000 | $88,000 | $24,000 | $47,000 |
| FHA-insured (Federal Housing Administration) | 26 | $1,623,000 | $62,000 | $143,000 | $38,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 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 | 177 | $13,476,000 | $76,000 | $818,000 | $71,000 | $1,900,000 |
| Application Denied By Financial Institution | 35 | $2,466,000 | $70,000 | $165,000 | $40,000 | $73,000 |
| Application Withdrawn By Applicant | 15 | $1,231,000 | $82,000 | $199,000 | $42,000 | $112,000 |
| Preapproval Denied by Financial Institution | 6 | $318,000 | $53,000 | $69,000 | $27,000 | $43,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 23 | $1,317,000 | $57,000 | $133,000 | $34,000 | $73,000 |
| Debt-To-Income Ratio | 8 | $881,000 | $110,000 | $165,000 | $37,000 | $62,000 |
| Other | 7 | $454,000 | $64,000 | $150,000 | $44,000 | $65,000 |
| Collateral | 1 | $55,000 | $55,000 | $55,000 | $61,000 | $61,000 |
| Employment History | 1 | $32,000 | $32,000 | $32,000 | $41,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $45,000 | $45,000 | $45,000 | $17,000 | $17,000 |
| 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 The First National Bank at Par'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 The First National Bank at Par'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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