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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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PIONEER BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
PIONEER BANK & TRUST |
| Address | 125 E. COLORADO BLVD. STE 1A
SPEARFISH, SD 57783 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 225 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,754,000 |
| Average Mortgage Loan Amount Applied For | $134,461 |
| Highest Mortgage Loan Amount Applied For | $998,000 |
| Average Applicant Income | $62,769 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
41 | $969,000 |
$23,000 | $151,000 |
$67,000 | $1,000,000 |
| Home Purchase |
112 | $12,912,000 |
$115,000 | $600,000 |
$64,000 | $257,000 |
| Refinancing |
74 | $7,964,000 |
$107,000 | $998,000 |
$52,000 | $276,000 |
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| American Indian or Alaskan Native |
2 | $28,000 |
$14,000 | $25,000 |
$52,000 | $91,000 |
| Asian |
1 | $15,000 |
$15,000 | $15,000 |
$55,000 | $55,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $75,000 |
$37,000 | $60,000 |
$40,000 | $56,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $2,053,000 |
$146,000 | $998,000 |
$0 | $0 |
| Not Provided |
3 | $695,000 |
$231,000 | $510,000 |
$103,000 | $171,000 |
| White |
205 | $18,979,000 |
$92,000 | $600,000 |
$65,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
226 | $21,756,000 |
$96,000 | $998,000 |
$61,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $89,000 |
$89,000 | $89,000 |
$45,000 | $45,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
8 | $1,070,000 |
$133,000 | $536,000 |
$65,000 | $241,000 |
| Application Denied By Financial Institution |
25 | $2,472,000 |
$98,000 | $600,000 |
$43,000 | $139,000 |
| Application Withdrawn By Applicant |
7 | $1,726,000 |
$246,000 | $600,000 |
$66,000 | $171,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
187 | $16,577,000 |
$88,000 | $998,000 |
$63,000 | $1,000,000 |
| 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 |
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| Collateral |
2 | $625,000 |
$312,000 | $600,000 |
$45,000 | $91,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $619,000 |
$68,000 | $171,000 |
$44,000 | $139,000 |
| Debt-To-Income Ratio |
9 | $864,000 |
$96,000 | $209,000 |
$30,000 | $61,000 |
| Employment History |
4 | $258,000 |
$64,000 | $153,000 |
$58,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $106,000 |
$106,000 | $106,000 |
$84,000 | $84,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PIONEER BANK & TRUST by:
Metropolitan Area And
County
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