First Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, First Bank & Trust of Sioux Falls, SD reported 901 mortgage applications totaling $194.3 million, down 13% from 2016. The average application was for $215,655, and applicants reported an average income of $120,551. 80% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (679), Sioux City, IA-NE-SD (13) and Minneapolis-St. Paul-Bloomington, MN-WI (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 | 901 |
| Total Mortgage Loan Application Amount | $194,306,000 |
| Average Mortgage Loan Application Amount | $215,655 |
| Highest Mortgage Loan Application Amount | $4,611,000 |
| Average Applicant Income | $120,551 |
| Highest Applicant Income | $4,053,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 430 | $ 96,006,000 | $ 223,269 | $ 103,000 |
| Lincoln, South Dakota | 233 | $ 53,669,000 | $ 230,339 | $ 166,000 |
| Codington, South Dakota | 71 | $ 16,596,000 | $ 233,746 | $ 76,000 |
| Lake, South Dakota | 47 | $ 7,820,000 | $ 166,382 | $ 165,000 |
| Brookings, South Dakota | 13 | $ 2,601,000 | $ 200,076 | $ 60,000 |
| Deuel, South Dakota | 11 | $ 1,490,000 | $ 135,454 | $ 57,000 |
| Turner, South Dakota | 10 | $ 1,151,000 | $ 115,100 | $ 64,000 |
| Union, South Dakota | 8 | $ 1,650,000 | $ 206,250 | $ 93,000 |
| Hamlin, South Dakota | 7 | $ 1,297,000 | $ 185,285 | $ 97,000 |
| McCook, South Dakota | 6 | $ 730,000 | $ 121,666 | $ 57,000 |
| Dickinson, Iowa | 5 | $ 1,060,000 | $ 212,000 | $ 404,000 |
| Miner, South Dakota | 5 | $ 394,000 | $ 78,800 | $ 57,000 |
| Woodbury, Iowa | 4 | $ 923,000 | $ 230,750 | $ 99,000 |
| Lyon, Iowa | 3 | $ 392,000 | $ 130,666 | $ 55,000 |
| Rock, Minnesota | 3 | $ 333,000 | $ 111,000 | $ 55,000 |
| Clay, South Dakota | 3 | $ 367,000 | $ 122,333 | $ 30,000 |
| Kingsbury, South Dakota | 3 | $ 314,000 | $ 104,666 | $ 57,000 |
| Lawrence, South Dakota | 3 | $ 683,000 | $ 227,666 | $ 349,000 |
| Yankton, South Dakota | 3 | $ 758,000 | $ 252,666 | $ 83,000 |
| Larimer, Colorado | 2 | $ 587,000 | $ 293,500 | $ 123,000 |
| Big Stone, Minnesota | 2 | $ 188,000 | $ 94,000 | $ 86,000 |
| Hennepin, Minnesota | 2 | $ 398,000 | $ 199,000 | $ 40,000 |
| Charles Mix, South Dakota | 2 | $ 199,000 | $ 99,500 | $ 90,000 |
| Clark, South Dakota | 2 | $ 162,000 | $ 81,000 | $ 37,000 |
| Grant, South Dakota | 2 | $ 135,000 | $ 67,500 | $ 29,000 |
| Polk, Wisconsin | 2 | $ 597,000 | $ 298,500 | $ 431,000 |
| Maricopa, Arizona | 1 | $ 150,000 | $ 150,000 | $ 351,000 |
| Weld, Colorado | 1 | $ 342,000 | $ 342,000 | $ 296,000 |
| Lee, Florida | 1 | $ 324,000 | $ 324,000 | $ 382,000 |
| Pinellas, Florida | 1 | $ 480,000 | $ 480,000 | $ 0 |
| Marion, Iowa | 1 | $ 124,000 | $ 124,000 | $ 284,000 |
| Palo Alto, Iowa | 1 | $ 30,000 | $ 30,000 | $ 17,000 |
| Plymouth, Iowa | 1 | $ 133,000 | $ 133,000 | $ 58,000 |
| Anoka, Minnesota | 1 | $ 289,000 | $ 289,000 | $ 107,000 |
| Cottonwood, Minnesota | 1 | $ 115,000 | $ 115,000 | $ 91,000 |
| Olmsted, Minnesota | 1 | $ 319,000 | $ 319,000 | $ 115,000 |
| Yellowstone, Montana | 1 | $ 271,000 | $ 271,000 | $ 122,000 |
| Clark, Nevada | 1 | $ 277,000 | $ 277,000 | $ 122,000 |
| Burleigh, North Dakota | 1 | $ 185,000 | $ 185,000 | $ 134,000 |
| Beadle, South Dakota | 1 | $ 154,000 | $ 154,000 | $ 78,000 |
| Bon Homme, South Dakota | 1 | $ 119,000 | $ 119,000 | $ 48,000 |
| Brule, South Dakota | 1 | $ 167,000 | $ 167,000 | $ 0 |
| Davison, South Dakota | 1 | $ 197,000 | $ 197,000 | $ 46,000 |
| Hutchinson, South Dakota | 1 | $ 26,000 | $ 26,000 | $ 52,000 |
| Bayfield, Wisconsin | 1 | $ 104,000 | $ 104,000 | $ 179,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2017
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 | 683 | $150,784,000 | $220,000 | $3,680,000 | $125,000 | $4,053,000 |
| Refinancing | 176 | $38,638,000 | $219,000 | $4,611,000 | $107,000 | $928,000 |
| Home Improvement | 42 | $4,884,000 | $116,000 | $424,000 | $105,000 | $580,000 |
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 | 841 | $165,402,000 | $196,000 | $1,500,000 | $126,000 | $4,053,000 |
| Not applicable | 29 | $22,483,000 | $775,000 | $4,611,000 | $0 | $0 |
| Asian | 14 | $3,379,000 | $241,000 | $500,000 | $126,000 | $300,000 |
| Hispanic | 8 | $1,489,000 | $186,000 | $280,000 | $78,000 | $147,000 |
| Black or African American | 7 | $1,266,000 | $180,000 | $265,000 | $56,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $202,000 | $202,000 | $202,000 | $47,000 | $47,000 |
| American Indian or Alaskan Native | 1 | $85,000 | $85,000 | $85,000 | $28,000 | $28,000 |
| 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) | 730 | $164,293,000 | $225,000 | $4,611,000 | $133,000 | $4,053,000 |
| FHA-insured (Federal Housing Administration) | 79 | $14,079,000 | $178,000 | $280,000 | $74,000 | $336,000 |
| VA-guaranteed (Veterans Administration) | 50 | $10,853,000 | $217,000 | $424,000 | $78,000 | $211,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 42 | $5,081,000 | $120,000 | $207,000 | $44,000 | $84,000 |
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 | 724 | $158,774,000 | $219,000 | $4,611,000 | $119,000 | $4,053,000 |
| Application Approved But Not Accepted | 122 | $26,997,000 | $221,000 | $1,500,000 | $126,000 | $1,203,000 |
| Application Denied By Financial Institution | 41 | $6,063,000 | $147,000 | $424,000 | $88,000 | $1,282,000 |
| Application Withdrawn By Applicant | 14 | $2,472,000 | $176,000 | $424,000 | $238,000 | $2,419,000 |
| 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 2017 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.
For a list of all lenders in South Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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