First Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First Bank & Trust of Sioux Falls, SD reported 1,423 mortgage applications totaling $221.8 million. The average application was for $155,869, and applicants reported an average income of $83,965. 75% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Sioux Falls, SD (1,047), Rapid City, SD (14) and Sioux City, IA-NE-SD (8) (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 | 1,423 |
| Total Mortgage Loan Application Amount | $221,802,000 |
| Average Mortgage Loan Application Amount | $155,869 |
| Highest Mortgage Loan Application Amount | $838,000 |
| Average Applicant Income | $83,965 |
| Highest Applicant Income | $1,334,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 639 | $ 96,178,000 | $ 150,513 | $ 75,000 |
| Lincoln, South Dakota | 396 | $ 69,856,000 | $ 176,404 | $ 96,000 |
| Codington, South Dakota | 113 | $ 14,801,000 | $ 130,982 | $ 68,000 |
| Lake, South Dakota | 101 | $ 13,826,000 | $ 136,891 | $ 88,000 |
| Deuel, South Dakota | 24 | $ 3,860,000 | $ 160,833 | $ 70,000 |
| Clay, South Dakota | 17 | $ 2,757,000 | $ 162,176 | $ 93,000 |
| Brookings, South Dakota | 13 | $ 2,068,000 | $ 159,076 | $ 94,000 |
| Pennington, South Dakota | 13 | $ 1,575,000 | $ 121,153 | $ 155,000 |
| Moody, South Dakota | 8 | $ 940,000 | $ 117,500 | $ 34,000 |
| Turner, South Dakota | 8 | $ 1,019,000 | $ 127,375 | $ 67,000 |
| Union, South Dakota | 8 | $ 925,000 | $ 115,625 | $ 64,000 |
| Lyon, Iowa | 7 | $ 621,000 | $ 88,714 | $ 44,000 |
| Rock, Minnesota | 7 | $ 1,084,000 | $ 154,857 | $ 74,000 |
| Hamlin, South Dakota | 7 | $ 1,117,000 | $ 159,571 | $ 66,000 |
| Yankton, South Dakota | 5 | $ 997,000 | $ 199,400 | $ 102,000 |
| Lawrence, South Dakota | 4 | $ 855,000 | $ 213,750 | $ 394,000 |
| McCook, South Dakota | 4 | $ 664,000 | $ 166,000 | $ 125,000 |
| Maricopa, Arizona | 3 | $ 378,000 | $ 126,000 | $ 153,000 |
| Pipestone, Minnesota | 3 | $ 742,000 | $ 247,333 | $ 83,000 |
| Kingsbury, South Dakota | 3 | $ 278,000 | $ 92,666 | $ 52,000 |
| Miner, South Dakota | 3 | $ 618,000 | $ 206,000 | $ 76,000 |
| Roberts, South Dakota | 3 | $ 624,000 | $ 208,000 | $ 125,000 |
| Dickinson, Iowa | 2 | $ 481,000 | $ 240,500 | $ 63,000 |
| Sioux, Iowa | 2 | $ 234,000 | $ 117,000 | $ 33,000 |
| Jackson, Minnesota | 2 | $ 211,000 | $ 105,500 | $ 100,000 |
| Grant, South Dakota | 2 | $ 273,000 | $ 136,500 | $ 61,000 |
| Walworth, South Dakota | 2 | $ 44,000 | $ 22,000 | $ 47,000 |
| Summit, Colorado | 1 | $ 150,000 | $ 150,000 | $ 161,000 |
| Lee, Florida | 1 | $ 275,000 | $ 275,000 | $ 108,000 |
| Ada, Idaho | 1 | $ 196,000 | $ 196,000 | $ 50,000 |
| Teton, Idaho | 1 | $ 620,000 | $ 620,000 | $ 720,000 |
| Woodbury, Iowa | 1 | $ 116,000 | $ 116,000 | $ 75,000 |
| Dakota, Minnesota | 1 | $ 221,000 | $ 221,000 | $ 99,000 |
| Douglas, Minnesota | 1 | $ 342,000 | $ 342,000 | $ 72,000 |
| Hennepin, Minnesota | 1 | $ 408,000 | $ 408,000 | $ 120,000 |
| Murray, Minnesota | 1 | $ 112,000 | $ 112,000 | $ 35,000 |
| Nobles, Minnesota | 1 | $ 186,000 | $ 186,000 | $ 66,000 |
| Yellow Medicine, Minnesota | 1 | $ 68,000 | $ 68,000 | $ 61,000 |
| Cape Girardeau, Missouri | 1 | $ 62,000 | $ 62,000 | $ 86,000 |
| St. Francois, Missouri | 1 | $ 142,000 | $ 142,000 | $ 65,000 |
| Sarpy, Nebraska | 1 | $ 149,000 | $ 149,000 | $ 72,000 |
| Burleigh, North Dakota | 1 | $ 199,000 | $ 199,000 | $ 68,000 |
| Bon Homme, South Dakota | 1 | $ 41,000 | $ 41,000 | $ 17,000 |
| Butte, South Dakota | 1 | $ 325,000 | $ 325,000 | $ 220,000 |
| Charles Mix, South Dakota | 1 | $ 96,000 | $ 96,000 | $ 229,000 |
| Clark, South Dakota | 1 | $ 76,000 | $ 76,000 | $ 73,000 |
| Davison, South Dakota | 1 | $ 262,000 | $ 262,000 | $ 99,000 |
| Day, South Dakota | 1 | $ 380,000 | $ 380,000 | $ 439,000 |
| Hughes, South Dakota | 1 | $ 86,000 | $ 86,000 | $ 40,000 |
| Meade, South Dakota | 1 | $ 137,000 | $ 137,000 | $ 37,000 |
| Washington, Wisconsin | 1 | $ 127,000 | $ 127,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2009
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 | 702 | $117,051,000 | $166,000 | $417,000 | $90,000 | $1,019,000 |
| Home Purchase | 656 | $98,727,000 | $150,000 | $838,000 | $78,000 | $1,334,000 |
| Home Improvement | 65 | $6,024,000 | $92,000 | $400,000 | $79,000 | $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 | 1,377 | $216,163,000 | $156,000 | $838,000 | $86,000 | $1,334,000 |
| Not applicable | 16 | $2,325,000 | $145,000 | $310,000 | $0 | $0 |
| Hispanic | 13 | $1,622,000 | $124,000 | $226,000 | $32,000 | $85,000 |
| Black or African American | 8 | $850,000 | $106,000 | $145,000 | $42,000 | $83,000 |
| Asian | 5 | $555,000 | $111,000 | $135,000 | $22,000 | $65,000 |
| American Indian or Alaskan Native | 4 | $287,000 | $71,000 | $83,000 | $26,000 | $40,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 858 | $139,839,000 | $162,000 | $838,000 | $102,000 | $1,334,000 |
| FHA-insured (Federal Housing Administration) | 417 | $60,101,000 | $144,000 | $290,000 | $57,000 | $304,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 91 | $12,022,000 | $132,000 | $417,000 | $48,000 | $142,000 |
| VA-guaranteed (Veterans Administration) | 57 | $9,840,000 | $172,000 | $383,000 | $58,000 | $136,000 |
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 | 1,062 | $160,544,000 | $151,000 | $838,000 | $85,000 | $1,334,000 |
| Application Approved But Not Accepted | 207 | $35,919,000 | $173,000 | $417,000 | $91,000 | $579,000 |
| Application Denied By Financial Institution | 120 | $19,930,000 | $166,000 | $417,000 | $66,000 | $439,000 |
| Application Withdrawn By Applicant | 33 | $5,185,000 | $157,000 | $393,000 | $74,000 | $300,000 |
| File Closed For Incompleteness | 1 | $224,000 | $224,000 | $224,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 48 | $8,182,000 | $170,000 | $417,000 | $58,000 | $203,000 |
| Credit History | 34 | $5,021,000 | $147,000 | $357,000 | $56,000 | $439,000 |
| Collateral | 25 | $5,027,000 | $201,000 | $408,000 | $89,000 | $310,000 |
| Employment History | 6 | $672,000 | $112,000 | $226,000 | $49,000 | $127,000 |
| Unverifiable Information | 4 | $653,000 | $163,000 | $255,000 | $102,000 | $300,000 |
| Other | 3 | $375,000 | $125,000 | $164,000 | $88,000 | $160,000 |
| Credit Application Incomplete | 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 2009 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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