Union Bank & Trust Co Mortgage Lending & HMDA Data, 2011
In 2011, Union Bank & Trust Co of Monticello, AR reported 167 mortgage applications totaling $11.5 million, down 20% from 2010. The average application was for $68,616, and applicants reported an average income of $64,215. 80% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Pine Bluff, AR (12), Little Rock-North Little Rock-Conway, AR (6) and Fayetteville-Springdale-Rogers, AR-MO (1) (applications in parentheses).
| Mortgage Company & Address | Union Bank & Trust Co P O Box 270 Monticello, AR 71657 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 167 |
| Total Mortgage Loan Application Amount | $11,459,000 |
| Average Mortgage Loan Application Amount | $68,616 |
| Highest Mortgage Loan Application Amount | $412,000 |
| Average Applicant Income | $64,215 |
| Highest Applicant Income | $318,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Drew, Arkansas | 111 | $ 7,492,000 | $ 67,495 | $ 63,000 |
| Bradley, Arkansas | 27 | $ 1,516,000 | $ 56,148 | $ 61,000 |
| Lincoln, Arkansas | 7 | $ 353,000 | $ 50,428 | $ 84,000 |
| Desha, Arkansas | 6 | $ 225,000 | $ 37,500 | $ 32,000 |
| Pulaski, Arkansas | 6 | $ 891,000 | $ 148,500 | $ 97,000 |
| Jefferson, Arkansas | 3 | $ 181,000 | $ 60,333 | $ 37,000 |
| Ashley, Arkansas | 2 | $ 249,000 | $ 124,500 | $ 58,000 |
| Cleveland, Arkansas | 2 | $ 119,000 | $ 59,500 | $ 90,000 |
| Benton, Arkansas | 1 | $ 104,000 | $ 104,000 | $ 54,000 |
| Garland, Arkansas | 1 | $ 277,000 | $ 277,000 | $ 188,000 |
| Ouachita, Arkansas | 1 | $ 52,000 | $ 52,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Union Bank & Trust Co 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 | 67 | $7,569,000 | $112,000 | $412,000 | $77,000 | $289,000 |
| Home Improvement | 55 | $813,000 | $14,000 | $105,000 | $48,000 | $174,000 |
| Home Purchase | 45 | $3,077,000 | $68,000 | $240,000 | $65,000 | $318,000 |
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 | 125 | $9,970,000 | $79,000 | $412,000 | $73,000 | $318,000 |
| Black or African American | 21 | $487,000 | $23,000 | $115,000 | $37,000 | $95,000 |
| Hispanic | 17 | $784,000 | $46,000 | $113,000 | $51,000 | $109,000 |
| Not applicable | 4 | $218,000 | $54,000 | $132,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 166 | $11,382,000 | $68,000 | $412,000 | $64,000 | $318,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $77,000 | $77,000 | $77,000 | $54,000 | $54,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 134 | $9,346,000 | $69,000 | $412,000 | $69,000 | $318,000 |
| Application Denied By Financial Institution | 23 | $1,224,000 | $53,000 | $222,000 | $40,000 | $105,000 |
| Application Withdrawn By Applicant | 9 | $868,000 | $96,000 | $232,000 | $59,000 | $136,000 |
| Application Approved But Not Accepted | 1 | $21,000 | $21,000 | $21,000 | $60,000 | $60,000 |
| 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 | 15 | $506,000 | $33,000 | $115,000 | $38,000 | $105,000 |
| Debt-To-Income Ratio | 4 | $250,000 | $62,000 | $93,000 | $47,000 | $61,000 |
| Employment History | 2 | $203,000 | $101,000 | $125,000 | $49,000 | $66,000 |
| Collateral | 1 | $222,000 | $222,000 | $222,000 | $48,000 | $48,000 |
| Credit Application Incomplete | 1 | $43,000 | $43,000 | $43,000 | $18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust Co'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 Union Bank & Trust Co'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.
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