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Disclosure Act (HMDA) records Bankfirst filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 106 | $ 29,238,000 | $ 275,830 | $ 97,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 102 | $ 27,425,000 | $ 268,872 | $ 86,500 |
| Atlanta-Sandy Springs-Marietta, GA | 70 | $ 14,778,000 | $ 211,114 | $ 96,000 |
| Tampa-St. Petersburg-Clearwater, FL | 37 | $ 8,121,000 | $ 219,486 | $ 81,000 |
| Phoenix-Mesa-Scottsdale, AZ | 32 | $ 9,787,000 | $ 305,843 | $ 94,000 |
| Lake County-Kenosha County, IL-WI | 29 | $ 9,342,000 | $ 322,137 | $ 116,689 |
| Orlando-Kissimmee, FL | 25 | $ 5,756,000 | $ 230,240 | $ 83,000 |
| Riverside-San Bernardino-Ontario, CA | 21 | $ 6,963,000 | $ 331,571 | $ 88,000 |
| Miami-Miami Beach-Kendall, FL | 18 | $ 5,128,000 | $ 284,888 | $ 90,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 17 | $ 5,115,000 | $ 300,882 | $ 75,000 |
| Los Angeles-Long Beach-Glendale, CA | 16 | $ 5,493,000 | $ 343,312 | $ 49,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 16 | $ 5,447,000 | $ 340,437 | $ 110,000 |
| Sarasota-Bradenton-Venice, FL | 12 | $ 3,062,000 | $ 255,166 | $ 81,000 |
| Jacksonville, FL | 10 | $ 2,180,000 | $ 218,000 | $ 82,000 |
| Milwaukee-Waukesha-West Allis, WI | 10 | $ 1,566,000 | $ 156,600 | $ 71,000 |
| Portland-Vancouver-Beaverton, OR-WA | 9 | $ 2,605,000 | $ 289,444 | $ 85,777 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 9 | $ 3,665,000 | $ 407,222 | $ 98,666 |
| Denver-Aurora, CO | 7 | $ 2,365,000 | $ 337,857 | $ 105,000 |
| Lakeland, FL | 6 | $ 1,397,000 | $ 232,833 | $ 79,000 |
| Santa Ana-Anaheim-Irvine, CA | 6 | $ 8,328,000 | $ 1,388,000 | $ 290,000 |
| Bremerton-Silverdale, WA | 4 | $ 923,000 | $ 230,750 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 1,366,000 | $ 341,500 | $ 25,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 1,214,000 | $ 303,500 | $ 73,000 |
| Naples-Marco Island, FL | 4 | $ 1,439,000 | $ 359,750 | $ 129,000 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 620,000 | $ 155,000 | $ 69,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 4 | $ 1,113,000 | $ 278,250 | $ 72,000 |
| Tacoma, WA | 4 | $ 809,000 | $ 202,250 | $ 82,000 |
| Baltimore-Towson, MD | 3 | $ 1,000,000 | $ 333,333 | $ 124,000 |
| Las Vegas-Paradise, NV | 3 | $ 1,074,000 | $ 358,000 | $ 78,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 544,000 | $ 181,333 | $ 71,000 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 1,031,000 | $ 343,666 | $ 63,000 |
| Gary, IN | 2 | $ 336,000 | $ 168,000 | $ 30,000 |
| Kansas City, MO-KS | 2 | $ 1,609,000 | $ 804,500 | $ 670,500 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 654,000 | $ 327,000 | $ 47,000 |
| Port St. Lucie, FL | 2 | $ 601,000 | $ 300,500 | $ 128,000 |
| Richmond, VA | 2 | $ 331,000 | $ 165,500 | $ 43,000 |
| Salt Lake City, UT | 2 | $ 461,000 | $ 230,500 | $ 61,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 594,000 | $ 297,000 | $ 104,000 |
| Sheboygan, WI | 2 | $ 315,000 | $ 157,500 | $ 85,000 |
| Sioux Falls, SD | 2 | $ 324,000 | $ 162,000 | $ 96,000 |
| St. Louis, MO-IL | 2 | $ 313,000 | $ 156,500 | $ 76,000 |
| Tucson, AZ | 2 | $ 401,000 | $ 200,500 | $ 61,000 |
| Ann Arbor, MI | 1 | $ 186,000 | $ 186,000 | $ 44,000 |
| Appleton, WI | 1 | $ 246,000 | $ 246,000 | $ 134,000 |
| Baton Rouge, LA | 1 | $ 180,000 | $ 180,000 | $ 56,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 417,000 | $ 417,000 | $ 209,000 |
| Boulder, CO | 1 | $ 219,000 | $ 219,000 | $ 42,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 165,000 | $ 165,000 | $ 59,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 292,000 | $ 292,000 | $ 81,000 |
| Des Moines-West Des Moines, IA | 1 | $ 155,000 | $ 155,000 | $ 59,000 |
| Duluth, MN-WI | 1 | $ 285,000 | $ 285,000 | $ 77,000 |
| Durham, NC | 1 | $ 50,000 | $ 50,000 | $ 67,000 |
| Eugene-Springfield, OR | 1 | $ 360,000 | $ 360,000 | $ 85,000 |
| Fayetteville, NC | 1 | $ 80,000 | $ 80,000 | $ 50,000 |
| Fresno, CA | 1 | $ 229,000 | $ 229,000 | $ 71,000 |
| Gainesville, FL | 1 | $ 200,000 | $ 200,000 | $ 94,000 |
| Gainesville, GA | 1 | $ 154,000 | $ 154,000 | $ 37,000 |
| Greensboro-High Point, NC | 1 | $ 363,000 | $ 363,000 | $ 117,000 |
| Gulfport-Biloxi, MS | 1 | $ 90,000 | $ 90,000 | $ 75,000 |
| Jackson, TN | 1 | $ 121,000 | $ 121,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 187,000 | $ 187,000 | $ 53,000 |
| Manchester-Nashua, NH | 1 | $ 212,000 | $ 212,000 | $ 83,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 452,000 | $ 452,000 | $ 108,000 |
| Pascagoula, MS | 1 | $ 270,000 | $ 270,000 | $ 126,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 293,000 | $ 293,000 | $ 124,000 |
| Prescott, AZ | 1 | $ 420,000 | $ 420,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 159,000 | $ 159,000 | $ 50,000 |
| Punta Gorda, FL | 1 | $ 183,000 | $ 183,000 | $ 39,000 |
| Racine, WI | 1 | $ 248,000 | $ 248,000 | $ 96,000 |
| Raleigh-Cary, NC | 1 | $ 147,000 | $ 147,000 | $ 122,000 |
| Reno-Sparks, NV | 1 | $ 1,500,000 | $ 1,500,000 | $ 0 |
| Rockingham County-Strafford County, NH | 1 | $ 160,000 | $ 160,000 | $ 63,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 472,000 | $ 472,000 | $ 115,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 537,000 | $ 537,000 | $ 180,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 674,000 | $ 674,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 800,000 | $ 800,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 63,000 | $ 63,000 | $ 0 |
| Stockton, CA | 1 | $ 341,000 | $ 341,000 | $ 91,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 180,000 | $ 180,000 | $ 100,000 |
| Wilmington, DE-MD-NJ | 1 | $ 308,000 | $ 308,000 | $ 85,000 |
| Worcester, MA | 1 | $ 131,000 | $ 131,000 | $ 50,000 |
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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