First Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, First Bank & Trust of Sioux Falls, SD reported 1,501 mortgage applications totaling $378.6 million, up 60% from 2019. The average application was for $252,261, and applicants reported an average income of $137,260. 77% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (1,099), Sioux City, IA-NE-SD (13) and Minneapolis-St. Paul-Bloomington, MN-WI (10) (applications in parentheses).
| Mortgage Company & Address | First Bank & Trust 110 N. Minnesota Ave Sioux Falls, SD 57104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 1,501 |
| Total Mortgage Loan Application Amount | $378,645,000 |
| Average Mortgage Loan Application Amount | $252,261 |
| Highest Mortgage Loan Application Amount | $22,455,000 |
| Average Applicant Income | $137,260 |
| Highest Applicant Income | $1,632,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Minnehaha, South Dakota | 665 | $ 183,735,000 | $ 276,293 | $ 137,000 |
| Lincoln, South Dakota | 411 | $ 105,195,000 | $ 255,948 | $ 137,000 |
| Codington, South Dakota | 102 | $ 21,770,000 | $ 213,431 | $ 102,000 |
| Lake, South Dakota | 43 | $ 11,205,000 | $ 260,581 | $ 183,000 |
| Grant, South Dakota | 40 | $ 6,700,000 | $ 167,500 | $ 77,000 |
| Brookings, South Dakota | 16 | $ 2,840,000 | $ 177,500 | $ 110,000 |
| Turner, South Dakota | 16 | $ 3,050,000 | $ 190,625 | $ 85,000 |
| Deuel, South Dakota | 15 | $ 2,385,000 | $ 159,000 | $ 78,000 |
| Lyon, Iowa | 14 | $ 2,350,000 | $ 167,857 | $ 79,000 |
| Hamlin, South Dakota | 13 | $ 2,385,000 | $ 183,461 | $ 117,000 |
| Clay, South Dakota | 12 | $ 1,810,000 | $ 150,833 | $ 288,000 |
| Union, South Dakota | 11 | $ 2,315,000 | $ 210,454 | $ 124,000 |
| Lawrence, South Dakota | 8 | $ 2,340,000 | $ 292,500 | $ 318,000 |
| Dickinson, Iowa | 7 | $ 2,125,000 | $ 303,571 | $ 536,000 |
| Big Stone, Minnesota | 7 | $ 825,000 | $ 117,857 | $ 106,000 |
| Hennepin, Minnesota | 7 | $ 2,635,000 | $ 376,428 | $ 356,000 |
| McCook, South Dakota | 7 | $ 1,515,000 | $ 216,428 | $ 91,000 |
| Moody, South Dakota | 6 | $ 1,350,000 | $ 225,000 | $ 78,000 |
| Roberts, South Dakota | 6 | $ 930,000 | $ 155,000 | $ 140,000 |
| Sioux, Iowa | 5 | $ 875,000 | $ 175,000 | $ 118,000 |
| Rock, Minnesota | 5 | $ 565,000 | $ 113,000 | $ 71,000 |
| Douglas, Nebraska | 4 | $ 860,000 | $ 215,000 | $ 148,000 |
| Lancaster, Nebraska | 4 | $ 1,520,000 | $ 380,000 | $ 215,000 |
| Maricopa, Arizona | 3 | $ 1,835,000 | $ 611,666 | $ 119,000 |
| Pipestone, Minnesota | 3 | $ 865,000 | $ 288,333 | $ 207,000 |
| Cass, North Dakota | 3 | $ 1,105,000 | $ 368,333 | $ 132,000 |
| Davison, South Dakota | 3 | $ 645,000 | $ 215,000 | $ 74,000 |
| Pennington, South Dakota | 3 | $ 585,000 | $ 195,000 | $ 69,000 |
| Spink, South Dakota | 3 | $ 315,000 | $ 105,000 | $ 80,000 |
| Marion, Indiana | 2 | $ 570,000 | $ 285,000 | $ 301,000 |
| Dallas, Iowa | 2 | $ 630,000 | $ 315,000 | $ 126,000 |
| Woodbury, Iowa | 2 | $ 370,000 | $ 185,000 | $ 95,000 |
| Beadle, South Dakota | 2 | $ 580,000 | $ 290,000 | $ 146,000 |
| Day, South Dakota | 2 | $ 380,000 | $ 190,000 | $ 95,000 |
| Douglas, South Dakota | 2 | $ 160,000 | $ 80,000 | $ 78,000 |
| Hanson, South Dakota | 2 | $ 240,000 | $ 120,000 | $ 45,000 |
| Kingsbury, South Dakota | 2 | $ 250,000 | $ 125,000 | $ 63,000 |
| Bayfield, Wisconsin | 2 | $ 140,000 | $ 70,000 | $ 215,000 |
| Mohave, Arizona | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Brevard, Florida | 1 | $ 245,000 | $ 245,000 | $ 59,000 |
| Duval, Florida | 1 | $ 235,000 | $ 235,000 | $ 100,000 |
| Manatee, Florida | 1 | $ 355,000 | $ 355,000 | $ 610,000 |
| Okaloosa, Florida | 1 | $ 385,000 | $ 385,000 | $ 245,000 |
| Osceola, Florida | 1 | $ 165,000 | $ 165,000 | $ 157,000 |
| Pinellas, Florida | 1 | $ 475,000 | $ 475,000 | $ 890,000 |
| Ida, Iowa | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Muscatine, Iowa | 1 | $ 195,000 | $ 195,000 | $ 82,000 |
| Page, Iowa | 1 | $ 95,000 | $ 95,000 | $ 105,000 |
| Polk, Iowa | 1 | $ 185,000 | $ 185,000 | $ 83,000 |
| Wyandotte, Kansas | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| St. Tammany, Louisiana | 1 | $ 255,000 | $ 255,000 | $ 67,000 |
| Beltrami, Minnesota | 1 | $ 405,000 | $ 405,000 | $ 700,000 |
| Carver, Minnesota | 1 | $ 385,000 | $ 385,000 | $ 103,000 |
| Dakota, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 474,000 |
| Freeborn, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 163,000 |
| Lyon, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 54,000 |
| Martin, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
| Nobles, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 75,000 |
| Olmsted, Minnesota | 1 | $ 305,000 | $ 305,000 | $ 68,000 |
| Ramsey, Minnesota | 1 | $ 435,000 | $ 435,000 | $ 336,000 |
| Redwood, Minnesota | 1 | $ 135,000 | $ 135,000 | $ 167,000 |
| Traverse, Minnesota | 1 | $ 195,000 | $ 195,000 | $ 293,000 |
| Waseca, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 89,000 |
| Sarpy, Nebraska | 1 | $ 155,000 | $ 155,000 | $ 92,000 |
| Grand Forks, North Dakota | 1 | $ 75,000 | $ 75,000 | $ 150,000 |
| Stutsman, North Dakota | 1 | $ 145,000 | $ 145,000 | $ 68,000 |
| Aurora, South Dakota | 1 | $ 105,000 | $ 105,000 | $ 261,000 |
| Bennett, South Dakota | 1 | $ 115,000 | $ 115,000 | $ 89,000 |
| Bon Homme, South Dakota | 1 | $ 245,000 | $ 245,000 | $ 85,000 |
| Brown, South Dakota | 1 | $ 115,000 | $ 115,000 | $ 52,000 |
| Charles Mix, South Dakota | 1 | $ 185,000 | $ 185,000 | $ 326,000 |
| Custer, South Dakota | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Haakon, South Dakota | 1 | $ 85,000 | $ 85,000 | $ 82,000 |
| Hughes, South Dakota | 1 | $ 205,000 | $ 205,000 | $ 56,000 |
| Miner, South Dakota | 1 | $ 145,000 | $ 145,000 | $ 81,000 |
| Potter, South Dakota | 1 | $ 135,000 | $ 135,000 | $ 75,000 |
| Stanley, South Dakota | 1 | $ 505,000 | $ 505,000 | $ 323,000 |
| Yankton, South Dakota | 1 | $ 95,000 | $ 95,000 | $ 308,000 |
| Augusta, Virginia | 1 | $ 455,000 | $ 455,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2020
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 | 581 | $159,925,000 | $275,000 | $22,455,000 | $112,000 | $1,020,000 |
| Refinancing | 577 | $137,325,000 | $237,000 | $985,000 | $166,000 | $1,632,000 |
| Cash-out Refinancing | 327 | $78,925,000 | $241,000 | $705,000 | $126,000 | $720,000 |
| Other Purpose | 10 | $1,670,000 | $167,000 | $515,000 | $249,000 | $660,000 |
| Home Improvement | 6 | $800,000 | $133,000 | $325,000 | $247,000 | $708,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,305 | $304,395,000 | $233,000 | $1,405,000 | $135,000 | $1,632,000 |
| Not Provided | 125 | $31,865,000 | $254,000 | $1,265,000 | $149,000 | $1,051,000 |
| Not applicable | 19 | $28,515,000 | $1,500,000 | $22,455,000 | $0 | $0 |
| Asian | 17 | $5,835,000 | $343,000 | $1,345,000 | $200,000 | $560,000 |
| Black or African American | 15 | $3,895,000 | $259,000 | $495,000 | $88,000 | $280,000 |
| Hispanic | 11 | $2,455,000 | $223,000 | $495,000 | $129,000 | $555,000 |
| American Indian or Alaskan Native | 6 | $920,000 | $153,000 | $265,000 | $117,000 | $483,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $285,000 | $285,000 | $285,000 | $100,000 | $100,000 |
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) | 1,306 | $335,560,000 | $256,000 | $22,455,000 | $145,000 | $1,632,000 |
| VA-guaranteed (Veterans Administration) | 71 | $19,865,000 | $279,000 | $665,000 | $104,000 | $323,000 |
| FHA-insured (Federal Housing Administration) | 69 | $13,705,000 | $198,000 | $335,000 | $70,000 | $177,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 55 | $9,515,000 | $173,000 | $295,000 | $54,000 | $109,000 |
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 | 1,162 | $300,760,000 | $258,000 | $22,455,000 | $139,000 | $1,632,000 |
| Application Withdrawn By Applicant | 265 | $64,315,000 | $242,000 | $1,345,000 | $145,000 | $1,051,000 |
| Application Denied By Financial Institution | 71 | $13,045,000 | $183,000 | $575,000 | $61,000 | $210,000 |
| Application Approved But Not Accepted | 2 | $260,000 | $130,000 | $145,000 | $88,000 | $90,000 |
| Loan Purchased By The Institution | 1 | $265,000 | $265,000 | $265,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,430 | $365,600,000 | $255,000 | $22,455,000 | $140,000 | $1,632,000 |
| Credit History | 46 | $7,630,000 | $165,000 | $575,000 | $65,000 | $156,000 |
| Debt-To-Income Ratio | 20 | $4,180,000 | $209,000 | $335,000 | $42,000 | $107,000 |
| Collateral | 4 | $1,080,000 | $270,000 | $435,000 | $126,000 | $210,000 |
| Unverifiable Information | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2020 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 First Bank & Trust'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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with aggregated HMDA statistics today.
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