First Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, First Bank & Trust of Sioux Falls, SD reported 823 mortgage applications totaling $166.0 million, down 17% from 2013. The average application was for $201,747, and applicants reported an average income of $101,111. 83% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Sioux Falls, SD (631), Omaha-Council Bluffs, NE-IA (3) and Sioux City, IA-NE-SD (3) (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 | 823 |
| Total Mortgage Loan Application Amount | $166,038,000 |
| Average Mortgage Loan Application Amount | $201,747 |
| Highest Mortgage Loan Application Amount | $13,760,000 |
| Average Applicant Income | $101,111 |
| Highest Applicant Income | $1,875,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 399 | $ 76,259,000 | $ 191,125 | $ 92,000 |
| Lincoln, South Dakota | 222 | $ 58,682,000 | $ 264,333 | $ 116,000 |
| Codington, South Dakota | 83 | $ 12,909,000 | $ 155,530 | $ 79,000 |
| Lake, South Dakota | 29 | $ 4,030,000 | $ 138,965 | $ 148,000 |
| Deuel, South Dakota | 8 | $ 954,000 | $ 119,250 | $ 53,000 |
| Hamlin, South Dakota | 8 | $ 880,000 | $ 110,000 | $ 68,000 |
| Lawrence, South Dakota | 8 | $ 2,446,000 | $ 305,750 | $ 262,000 |
| Turner, South Dakota | 8 | $ 1,173,000 | $ 146,625 | $ 85,000 |
| Rock, Minnesota | 5 | $ 695,000 | $ 139,000 | $ 122,000 |
| Lyon, Iowa | 4 | $ 320,000 | $ 80,000 | $ 51,000 |
| Kingsbury, South Dakota | 4 | $ 347,000 | $ 86,750 | $ 72,000 |
| Dickinson, Iowa | 3 | $ 545,000 | $ 181,666 | $ 63,000 |
| Brookings, South Dakota | 3 | $ 485,000 | $ 161,666 | $ 244,000 |
| Clay, South Dakota | 3 | $ 515,000 | $ 171,666 | $ 80,000 |
| Union, South Dakota | 3 | $ 677,000 | $ 225,666 | $ 115,000 |
| Nicollet, Minnesota | 2 | $ 408,000 | $ 204,000 | $ 350,000 |
| Sarpy, Nebraska | 2 | $ 408,000 | $ 204,000 | $ 116,000 |
| Grant, South Dakota | 2 | $ 74,000 | $ 37,000 | $ 71,000 |
| Hutchinson, South Dakota | 2 | $ 299,000 | $ 149,500 | $ 74,000 |
| McCook, South Dakota | 2 | $ 240,000 | $ 120,000 | $ 35,000 |
| Stanley, South Dakota | 2 | $ 600,000 | $ 300,000 | $ 233,000 |
| Maricopa, Arizona | 1 | $ 133,000 | $ 133,000 | $ 102,000 |
| Santa Cruz, Arizona | 1 | $ 360,000 | $ 360,000 | $ 543,000 |
| Los Angeles, California | 1 | $ 530,000 | $ 530,000 | $ 0 |
| Linn, Iowa | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Mills, Iowa | 1 | $ 60,000 | $ 60,000 | $ 34,000 |
| Sioux, Iowa | 1 | $ 144,000 | $ 144,000 | $ 179,000 |
| Crow Wing, Minnesota | 1 | $ 272,000 | $ 272,000 | $ 135,000 |
| Nobles, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 43,000 |
| Brule, South Dakota | 1 | $ 81,000 | $ 81,000 | $ 29,000 |
| Davison, South Dakota | 1 | $ 143,000 | $ 143,000 | $ 49,000 |
| Day, South Dakota | 1 | $ 79,000 | $ 79,000 | $ 93,000 |
| Douglas, South Dakota | 1 | $ 26,000 | $ 26,000 | $ 50,000 |
| Edmunds, South Dakota | 1 | $ 176,000 | $ 176,000 | $ 58,000 |
| Hand, South Dakota | 1 | $ 70,000 | $ 70,000 | $ 59,000 |
| Meade, South Dakota | 1 | $ 284,000 | $ 284,000 | $ 0 |
| Miner, South Dakota | 1 | $ 99,000 | $ 99,000 | $ 40,000 |
| Moody, South Dakota | 1 | $ 177,000 | $ 177,000 | $ 54,000 |
| Pennington, South Dakota | 1 | $ 152,000 | $ 152,000 | $ 83,000 |
| Roberts, South Dakota | 1 | $ 135,000 | $ 135,000 | $ 77,000 |
| Yankton, South Dakota | 1 | $ 13,000 | $ 13,000 | $ 61,000 |
| Racine, Wisconsin | 1 | $ 33,000 | $ 33,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2014
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 | 626 | $131,129,000 | $209,000 | $13,760,000 | $93,000 | $1,123,000 |
| Refinancing | 138 | $27,646,000 | $200,000 | $2,811,000 | $120,000 | $1,082,000 |
| Home Improvement | 59 | $7,263,000 | $123,000 | $2,744,000 | $143,000 | $1,875,000 |
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 | 777 | $136,148,000 | $175,000 | $1,435,000 | $106,000 | $1,875,000 |
| Not applicable | 30 | $27,390,000 | $913,000 | $13,760,000 | $0 | $0 |
| Asian | 8 | $1,626,000 | $203,000 | $380,000 | $96,000 | $295,000 |
| Hispanic | 3 | $507,000 | $169,000 | $245,000 | $69,000 | $99,000 |
| Black or African American | 2 | $163,000 | $81,000 | $148,000 | $27,000 | $32,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $93,000 | $93,000 | $93,000 | $28,000 | $28,000 |
| Not Provided | 1 | $99,000 | $99,000 | $99,000 | $32,000 | $32,000 |
| American Indian or Alaskan Native | 1 | $12,000 | $12,000 | $12,000 | $41,000 | $41,000 |
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) | 654 | $140,191,000 | $214,000 | $13,760,000 | $113,000 | $1,875,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 76 | $11,078,000 | $145,000 | $266,000 | $50,000 | $87,000 |
| FHA-insured (Federal Housing Administration) | 58 | $8,100,000 | $139,000 | $276,000 | $54,000 | $205,000 |
| VA-guaranteed (Veterans Administration) | 35 | $6,669,000 | $190,000 | $356,000 | $65,000 | $230,000 |
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 | 685 | $143,638,000 | $209,000 | $13,760,000 | $104,000 | $1,875,000 |
| Application Approved But Not Accepted | 86 | $15,859,000 | $184,000 | $850,000 | $107,000 | $753,000 |
| Application Denied By Financial Institution | 46 | $5,603,000 | $121,000 | $417,000 | $65,000 | $626,000 |
| Application Withdrawn By Applicant | 6 | $938,000 | $156,000 | $288,000 | $35,000 | $86,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2014 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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