Bankfirst Mortgage Lending & HMDA Data, 2007

In 2007, Bankfirst of Sioux Falls, SD reported 710 mortgage applications totaling $199.7 million, down 73% from 2006. The average application was for $281,336, and applicants reported an average income of $90,960. 58% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (106), Minneapolis-St. Paul-Bloomington, MN-WI (102) and Atlanta-Sandy Springs-Marietta, GA (70) (applications in parentheses).

Mortgage Company & Address Bankfirst
6100 South Old Village Place
Sioux Falls, SD 57108
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 710
Total Mortgage Loan Application Amount $199,749,000
Average Mortgage Loan Application Amount $281,336
Highest Mortgage Loan Application Amount $7,000,000
Average Applicant Income $90,960
Highest Applicant Income $1,560,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankfirst filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Bankfirst by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 67 $ 18,563,000 $ 277,059 $ 88,000
Hennepin, Minnesota 44 $ 12,596,000 $ 286,272 $ 87,000
Maricopa, Arizona 31 $ 9,573,000 $ 308,806 $ 94,000
Lake, Illinois 27 $ 8,826,000 $ 326,888 $ 116,000
Dakota, Minnesota 20 $ 4,924,000 $ 246,200 $ 94,000
Miami-Dade, Florida 18 $ 5,128,000 $ 284,888 $ 90,000
Broward, Florida 17 $ 5,115,000 $ 300,882 $ 75,000
Los Angeles, California 16 $ 5,493,000 $ 343,312 $ 49,000
Palm Beach, Florida 16 $ 5,447,000 $ 340,437 $ 110,000
Hillsborough, Florida 15 $ 3,083,000 $ 205,533 $ 74,000
Fulton, Georgia 15 $ 4,697,000 $ 313,133 $ 152,000
DuPage, Illinois 15 $ 3,588,000 $ 239,200 $ 102,000
Gwinnett, Georgia 14 $ 2,486,000 $ 177,571 $ 90,000
Orange, Florida 12 $ 3,144,000 $ 262,000 $ 90,000
San Bernardino, California 11 $ 3,449,000 $ 313,545 $ 85,000
Pinellas, Florida 11 $ 2,767,000 $ 251,545 $ 96,000
Cobb, Georgia 11 $ 1,950,000 $ 177,272 $ 83,000
Riverside, California 10 $ 3,514,000 $ 351,400 $ 91,000
Will, Illinois 9 $ 2,124,000 $ 236,000 $ 104,000
Anoka, Minnesota 9 $ 2,395,000 $ 266,111 $ 58,000
Ramsey, Minnesota 9 $ 2,437,000 $ 270,777 $ 68,000
Manatee, Florida 8 $ 2,190,000 $ 273,750 $ 92,000
Pasco, Florida 8 $ 1,723,000 $ 215,375 $ 81,000
Seminole, Florida 8 $ 1,705,000 $ 213,125 $ 83,000
McHenry, Illinois 7 $ 2,492,000 $ 356,000 $ 161,000
Milwaukee, Wisconsin 7 $ 1,043,000 $ 149,000 $ 58,000
Orange, California 6 $ 8,328,000 $ 1,388,000 $ 290,000
Duval, Florida 6 $ 1,290,000 $ 215,000 $ 86,000
Polk, Florida 6 $ 1,397,000 $ 232,833 $ 79,000
Forsyth, Georgia 6 $ 1,292,000 $ 215,333 $ 85,000
Kane, Illinois 6 $ 1,824,000 $ 304,000 $ 107,000
Clackamas, Oregon 5 $ 1,719,000 $ 343,800 $ 116,000
Collier, Florida 4 $ 1,439,000 $ 359,750 $ 129,000
Lake, Florida 4 $ 642,000 $ 160,500 $ 65,000
Lee, Florida 4 $ 1,366,000 $ 341,500 $ 25,000
Sarasota, Florida 4 $ 872,000 $ 218,000 $ 58,000
Volusia, Florida 4 $ 1,214,000 $ 303,500 $ 73,000
Morrison, Minnesota 4 $ 1,154,000 $ 288,500 $ 76,000
Sherburne, Minnesota 4 $ 1,271,000 $ 317,750 $ 99,000
Washington, Minnesota 4 $ 1,159,000 $ 289,750 $ 159,000
Wright, Minnesota 4 $ 554,000 $ 138,500 $ 41,000
Kitsap, Washington 4 $ 923,000 $ 230,750 $ 75,000
Pierce, Washington 4 $ 809,000 $ 202,250 $ 82,000
Sacramento, California 3 $ 872,000 $ 290,666 $ 97,000
San Diego, California 3 $ 1,031,000 $ 343,666 $ 63,000
District of Columbia, District Of Columbia 3 $ 1,513,000 $ 504,333 $ 125,000
Brevard, Florida 3 $ 544,000 $ 181,333 $ 71,000
Flagler, Florida 3 $ 960,000 $ 320,000 $ 33,000
Hernando, Florida 3 $ 548,000 $ 182,666 $ 64,000
St. Johns, Florida 3 $ 703,000 $ 234,333 $ 84,000
DeKalb, Georgia 3 $ 825,000 $ 275,000 $ 94,000
Douglas, Georgia 3 $ 344,000 $ 114,666 $ 55,000
Walton, Georgia 3 $ 558,000 $ 186,000 $ 74,000
Douglas, Nebraska 3 $ 502,000 $ 167,333 $ 92,000
Clark, Nevada 3 $ 1,074,000 $ 358,000 $ 78,000
Washington, Oregon 3 $ 726,000 $ 242,000 $ 46,000
St. Croix, Wisconsin 3 $ 710,000 $ 236,666 $ 103,000
Washington, Wisconsin 3 $ 523,000 $ 174,333 $ 101,000
Pima, Arizona 2 $ 401,000 $ 200,500 $ 61,000
Ventura, California 2 $ 654,000 $ 327,000 $ 47,000
Adams, Colorado 2 $ 504,000 $ 252,000 $ 68,000
Arapahoe, Colorado 2 $ 513,000 $ 256,500 $ 66,000
Jefferson, Colorado 2 $ 514,000 $ 257,000 $ 80,000
Bartow, Georgia 2 $ 298,000 $ 149,000 $ 53,000
Cherokee, Georgia 2 $ 273,000 $ 136,500 $ 82,000
Henry, Georgia 2 $ 258,000 $ 129,000 $ 74,000
Paulding, Georgia 2 $ 340,000 $ 170,000 $ 50,000
Pickens, Georgia 2 $ 541,000 $ 270,500 $ 113,000
Rockdale, Georgia 2 $ 360,000 $ 180,000 $ 65,000
Carroll, Illinois 2 $ 1,200,000 $ 600,000 $ 0
Lake, Indiana 2 $ 336,000 $ 168,000 $ 30,000
Webster, Iowa 2 $ 155,000 $ 77,500 $ 46,000
Howard, Maryland 2 $ 660,000 $ 330,000 $ 105,000
Carver, Minnesota 2 $ 502,000 $ 251,000 $ 59,000
Goodhue, Minnesota 2 $ 246,000 $ 123,000 $ 92,000
Scott, Minnesota 2 $ 589,000 $ 294,500 $ 157,000
Minnehaha, South Dakota 2 $ 324,000 $ 162,000 $ 96,000
Spotsylvania, Virginia 2 $ 663,000 $ 331,500 $ 125,000
King, Washington 2 $ 594,000 $ 297,000 $ 104,000
Bayfield, Wisconsin 2 $ 566,000 $ 283,000 $ 12,000
Kenosha, Wisconsin 2 $ 516,000 $ 258,000 $ 126,000
Sheboygan, Wisconsin 2 $ 315,000 $ 157,500 $ 85,000
Vernon, Wisconsin 2 $ 163,000 $ 81,500 $ 15,000
Cochise, Arizona 1 $ 229,000 $ 229,000 $ 71,000
Pinal, Arizona 1 $ 214,000 $ 214,000 $ 77,000
Yavapai, Arizona 1 $ 420,000 $ 420,000 $ 0
Pulaski, Arkansas 1 $ 187,000 $ 187,000 $ 53,000
Calaveras, California 1 $ 397,000 $ 397,000 $ 69,000
Colusa, California 1 $ 239,000 $ 239,000 $ 70,000
Contra Costa, California 1 $ 452,000 $ 452,000 $ 108,000
Fresno, California 1 $ 229,000 $ 229,000 $ 71,000
Placer, California 1 $ 241,000 $ 241,000 $ 0
San Joaquin, California 1 $ 341,000 $ 341,000 $ 91,000
San Mateo, California 1 $ 472,000 $ 472,000 $ 115,000
Santa Barbara, California 1 $ 674,000 $ 674,000 $ 0
Santa Clara, California 1 $ 537,000 $ 537,000 $ 180,000
Boulder, Colorado 1 $ 219,000 $ 219,000 $ 42,000
Chaffee, Colorado 1 $ 227,000 $ 227,000 $ 71,000
Douglas, Colorado 1 $ 834,000 $ 834,000 $ 311,000
Eagle, Colorado 1 $ 1,400,000 $ 1,400,000 $ 840,000
Grand, Colorado 1 $ 145,000 $ 145,000 $ 119,000
New Castle, Delaware 1 $ 308,000 $ 308,000 $ 85,000
Alachua, Florida 1 $ 200,000 $ 200,000 $ 94,000
Charlotte, Florida 1 $ 183,000 $ 183,000 $ 39,000
Clay, Florida 1 $ 187,000 $ 187,000 $ 51,000
Indian River, Florida 1 $ 800,000 $ 800,000 $ 0
Martin, Florida 1 $ 392,000 $ 392,000 $ 185,000
Monroe, Florida 1 $ 375,000 $ 375,000 $ 0
Osceola, Florida 1 $ 265,000 $ 265,000 $ 61,000
Putnam, Florida 1 $ 175,000 $ 175,000 $ 81,000
Santa Rosa, Florida 1 $ 293,000 $ 293,000 $ 124,000
St. Lucie, Florida 1 $ 209,000 $ 209,000 $ 71,000
Sumter, Florida 1 $ 300,000 $ 300,000 $ 89,000
Clayton, Georgia 1 $ 118,000 $ 118,000 $ 86,000
Coweta, Georgia 1 $ 190,000 $ 190,000 $ 61,000
Fayette, Georgia 1 $ 248,000 $ 248,000 $ 103,000
Hall, Georgia 1 $ 154,000 $ 154,000 $ 37,000
Hart, Georgia 1 $ 145,000 $ 145,000 $ 44,000
Lumpkin, Georgia 1 $ 147,000 $ 147,000 $ 29,000
Peach, Georgia 1 $ 200,000 $ 200,000 $ 111,000
Upson, Georgia 1 $ 152,000 $ 152,000 $ 135,000
Grundy, Illinois 1 $ 395,000 $ 395,000 $ 122,000
Kendall, Illinois 1 $ 252,000 $ 252,000 $ 91,000
LaSalle, Illinois 1 $ 193,000 $ 193,000 $ 134,000
St. Joseph, Indiana 1 $ 63,000 $ 63,000 $ 0
Humboldt, Iowa 1 $ 180,000 $ 180,000 $ 62,000
Warren, Iowa 1 $ 155,000 $ 155,000 $ 59,000
Wright, Iowa 1 $ 115,000 $ 115,000 $ 42,000
Johnson, Kansas 1 $ 1,500,000 $ 1,500,000 $ 1,301,000
Ascension, Louisiana 1 $ 180,000 $ 180,000 $ 56,000
Lincoln, Maine 1 $ 1,194,000 $ 1,194,000 $ 463,000
Harford, Maryland 1 $ 340,000 $ 340,000 $ 164,000
Montgomery, Maryland 1 $ 417,000 $ 417,000 $ 209,000
Prince George's, Maryland 1 $ 142,000 $ 142,000 $ 18,000
Middlesex, Massachusetts 1 $ 165,000 $ 165,000 $ 59,000
Worcester, Massachusetts 1 $ 131,000 $ 131,000 $ 50,000
Washtenaw, Michigan 1 $ 186,000 $ 186,000 $ 44,000
Brown, Minnesota 1 $ 78,000 $ 78,000 $ 24,000
Crow Wing, Minnesota 1 $ 105,000 $ 105,000 $ 0
Isanti, Minnesota 1 $ 288,000 $ 288,000 $ 85,000
Kittson, Minnesota 1 $ 230,000 $ 230,000 $ 41,000
McLeod, Minnesota 1 $ 152,000 $ 152,000 $ 51,000
Murray, Minnesota 1 $ 50,000 $ 50,000 $ 39,000
Roseau, Minnesota 1 $ 114,000 $ 114,000 $ 40,000
St. Louis, Minnesota 1 $ 285,000 $ 285,000 $ 77,000
Harrison, Mississippi 1 $ 90,000 $ 90,000 $ 75,000
Jackson, Mississippi 1 $ 270,000 $ 270,000 $ 126,000
Ray, Missouri 1 $ 109,000 $ 109,000 $ 40,000
St. Louis, Missouri 1 $ 152,000 $ 152,000 $ 153,000
St. Louis City, Missouri 1 $ 161,000 $ 161,000 $ 0
Ravalli, Montana 1 $ 254,000 $ 254,000 $ 0
Sarpy, Nebraska 1 $ 118,000 $ 118,000 $ 0
Washoe, Nevada 1 $ 1,500,000 $ 1,500,000 $ 0
Hillsborough, New Hampshire 1 $ 212,000 $ 212,000 $ 83,000
Rockingham, New Hampshire 1 $ 160,000 $ 160,000 $ 63,000
Cumberland, North Carolina 1 $ 80,000 $ 80,000 $ 50,000
Dare, North Carolina 1 $ 585,000 $ 585,000 $ 0
Durham, North Carolina 1 $ 50,000 $ 50,000 $ 67,000
Guilford, North Carolina 1 $ 363,000 $ 363,000 $ 117,000
Wake, North Carolina 1 $ 147,000 $ 147,000 $ 122,000
Stutsman, North Dakota 1 $ 95,000 $ 95,000 $ 58,000
Warren, Ohio 1 $ 292,000 $ 292,000 $ 81,000
Lane, Oregon 1 $ 360,000 $ 360,000 $ 85,000
Charles Mix, South Dakota 1 $ 167,000 $ 167,000 $ 0
Deuel, South Dakota 1 $ 59,000 $ 59,000 $ 22,000
Madison, Tennessee 1 $ 121,000 $ 121,000 $ 0
Salt Lake, Utah 1 $ 201,000 $ 201,000 $ 50,000
Tooele, Utah 1 $ 260,000 $ 260,000 $ 72,000
Utah, Utah 1 $ 159,000 $ 159,000 $ 50,000
Fairfax, Virginia 1 $ 466,000 $ 466,000 $ 0
Henrico, Virginia 1 $ 139,000 $ 139,000 $ 48,000
Loudoun, Virginia 1 $ 601,000 $ 601,000 $ 153,000
Powhatan, Virginia 1 $ 192,000 $ 192,000 $ 38,000
Prince William, Virginia 1 $ 280,000 $ 280,000 $ 95,000
Virginia Beach, Virginia 1 $ 180,000 $ 180,000 $ 100,000
Clark, Washington 1 $ 160,000 $ 160,000 $ 60,000
Grays Harbor, Washington 1 $ 388,000 $ 388,000 $ 81,000
Jefferson, Wisconsin 1 $ 224,000 $ 224,000 $ 40,000
Manitowoc, Wisconsin 1 $ 108,000 $ 108,000 $ 36,000
Outagamie, Wisconsin 1 $ 246,000 $ 246,000 $ 134,000
Polk, Wisconsin 1 $ 216,000 $ 216,000 $ 171,000
Portage, Wisconsin 1 $ 149,000 $ 149,000 $ 73,000
Racine, Wisconsin 1 $ 248,000 $ 248,000 $ 96,000
Richland, Wisconsin 1 $ 156,000 $ 156,000 $ 36,000

Mortgage Loan Application Detail Totals for Bankfirst in 2007

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 631 $179,436,000 $284,000 $7,000,000 $90,000 $1,560,000
Home Purchase 69 $17,510,000 $253,000 $1,577,000 $98,000 $282,000
Home Improvement 10 $2,803,000 $280,000 $700,000 $103,000 $192,000

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 537 $153,587,000 $286,000 $7,000,000 $97,000 $1,560,000
Not Provided 68 $18,278,000 $268,000 $889,000 $77,000 $240,000
Hispanic 49 $13,746,000 $280,000 $600,000 $65,000 $198,000
Black or African American 42 $10,614,000 $252,000 $570,000 $66,000 $249,000
Asian 10 $2,223,000 $222,000 $417,000 $75,000 $169,000
American Indian or Alaskan Native 2 $562,000 $281,000 $296,000 $106,000 $120,000
Native Hawaiian or Other Pacific Islander 2 $739,000 $369,000 $539,000 $96,000 $192,000
Not applicable 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) 710 $199,749,000 $281,000 $7,000,000 $91,000 $1,560,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
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 411 $107,071,000 $260,000 $1,577,000 $90,000 $463,000
Application Approved But Not Accepted 176 $48,314,000 $274,000 $1,400,000 $82,000 $840,000
Application Denied By Financial Institution 120 $43,623,000 $363,000 $7,000,000 $108,000 $1,560,000
Application Withdrawn By Applicant 2 $275,000 $137,000 $160,000 $64,000 $65,000
File Closed For Incompleteness 1 $466,000 $466,000 $466,000 $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
Collateral 44 $14,404,000 $327,000 $1,500,000 $113,000 $1,301,000
Debt-To-Income Ratio 18 $6,202,000 $344,000 $619,000 $108,000 $234,000
Credit History 17 $4,209,000 $247,000 $600,000 $45,000 $223,000
Unverifiable Information 16 $4,272,000 $267,000 $555,000 $103,000 $186,000
Other 9 $2,952,000 $328,000 $568,000 $107,000 $300,000
Credit Application Incomplete 9 $8,843,000 $982,000 $7,000,000 $234,000 $1,560,000
Employment History 6 $2,574,000 $429,000 $784,000 $94,000 $180,000
Mortgage Insurance Denied 1 $167,000 $167,000 $167,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bankfirst's 2007 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 Bankfirst'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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