First Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, First Bank & Trust of Sioux Falls, SD reported 940 mortgage applications totaling $211.9 million, up 25% from 2018. The average application was for $225,425, and applicants reported an average income of $138,628. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (709), Sioux City, IA-NE-SD (6) and Minneapolis-St. Paul-Bloomington, MN-WI (5) (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 | 940 |
| Total Mortgage Loan Application Amount | $211,900,000 |
| Average Mortgage Loan Application Amount | $225,425 |
| Highest Mortgage Loan Application Amount | $935,000 |
| Average Applicant Income | $138,628 |
| Highest Applicant Income | $4,147,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 457 | $ 104,065,000 | $ 227,713 | $ 135,000 |
| Lincoln, South Dakota | 231 | $ 54,575,000 | $ 236,255 | $ 144,000 |
| Codington, South Dakota | 81 | $ 16,015,000 | $ 197,716 | $ 90,000 |
| Lake, South Dakota | 32 | $ 7,920,000 | $ 247,500 | $ 275,000 |
| Hamlin, South Dakota | 12 | $ 2,500,000 | $ 208,333 | $ 177,000 |
| Turner, South Dakota | 12 | $ 2,790,000 | $ 232,500 | $ 99,000 |
| Brookings, South Dakota | 9 | $ 1,915,000 | $ 212,777 | $ 153,000 |
| McCook, South Dakota | 9 | $ 1,995,000 | $ 221,666 | $ 85,000 |
| Lyon, Iowa | 8 | $ 1,210,000 | $ 151,250 | $ 88,000 |
| Dickinson, Iowa | 6 | $ 2,600,000 | $ 433,333 | $ 264,000 |
| Rock, Minnesota | 6 | $ 960,000 | $ 160,000 | $ 62,000 |
| Moody, South Dakota | 6 | $ 940,000 | $ 156,666 | $ 66,000 |
| Union, South Dakota | 6 | $ 1,200,000 | $ 200,000 | $ 90,000 |
| Sioux, Iowa | 4 | $ 1,080,000 | $ 270,000 | $ 92,000 |
| Clark, South Dakota | 4 | $ 550,000 | $ 137,500 | $ 90,000 |
| Hennepin, Minnesota | 3 | $ 805,000 | $ 268,333 | $ 85,000 |
| Grant, South Dakota | 3 | $ 605,000 | $ 201,666 | $ 106,000 |
| Hutchinson, South Dakota | 3 | $ 455,000 | $ 151,666 | $ 87,000 |
| Lawrence, South Dakota | 3 | $ 735,000 | $ 245,000 | $ 249,000 |
| Williamson, Illinois | 2 | $ 400,000 | $ 200,000 | $ 69,000 |
| Anoka, Minnesota | 2 | $ 350,000 | $ 175,000 | $ 382,000 |
| Douglas, Nebraska | 2 | $ 540,000 | $ 270,000 | $ 193,000 |
| Brown, South Dakota | 2 | $ 140,000 | $ 70,000 | $ 41,000 |
| Clay, South Dakota | 2 | $ 240,000 | $ 120,000 | $ 372,000 |
| Deuel, South Dakota | 2 | $ 440,000 | $ 220,000 | $ 227,000 |
| Meade, South Dakota | 2 | $ 240,000 | $ 120,000 | $ 69,000 |
| Yankton, South Dakota | 2 | $ 480,000 | $ 240,000 | $ 80,000 |
| Maricopa, Arizona | 1 | $ 175,000 | $ 175,000 | $ 42,000 |
| Pinal, Arizona | 1 | $ 165,000 | $ 165,000 | $ 78,000 |
| Duval, Florida | 1 | $ 235,000 | $ 235,000 | $ 65,000 |
| Hillsborough, Florida | 1 | $ 325,000 | $ 325,000 | $ 82,000 |
| Pinellas, Florida | 1 | $ 435,000 | $ 435,000 | $ 810,000 |
| Ida, Iowa | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Butler, Kansas | 1 | $ 175,000 | $ 175,000 | $ 68,000 |
| Sedgwick, Kansas | 1 | $ 275,000 | $ 275,000 | $ 94,000 |
| Big Stone, Minnesota | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Blue Earth, Minnesota | 1 | $ 305,000 | $ 305,000 | $ 102,000 |
| Lac qui Parle, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 290,000 |
| Lincoln, Minnesota | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Clay, Missouri | 1 | $ 185,000 | $ 185,000 | $ 71,000 |
| Lancaster, Nebraska | 1 | $ 255,000 | $ 255,000 | $ 153,000 |
| Wake, North Carolina | 1 | $ 395,000 | $ 395,000 | $ 225,000 |
| Payne, Oklahoma | 1 | $ 215,000 | $ 215,000 | $ 110,000 |
| Aurora, South Dakota | 1 | $ 185,000 | $ 185,000 | $ 38,000 |
| Beadle, South Dakota | 1 | $ 185,000 | $ 185,000 | $ 59,000 |
| Bon Homme, South Dakota | 1 | $ 65,000 | $ 65,000 | $ 439,000 |
| Custer, South Dakota | 1 | $ 95,000 | $ 95,000 | $ 480,000 |
| Day, South Dakota | 1 | $ 35,000 | $ 35,000 | $ 275,000 |
| Miner, South Dakota | 1 | $ 265,000 | $ 265,000 | $ 110,000 |
| Pennington, South Dakota | 1 | $ 245,000 | $ 245,000 | $ 76,000 |
| Potter, South Dakota | 1 | $ 105,000 | $ 105,000 | $ 81,000 |
| Roberts, South Dakota | 1 | $ 245,000 | $ 245,000 | $ 768,000 |
| Tripp, South Dakota | 1 | $ 175,000 | $ 175,000 | $ 79,000 |
| Wilson, Tennessee | 1 | $ 235,000 | $ 235,000 | $ 70,000 |
| Wasatch, Utah | 1 | $ 595,000 | $ 595,000 | $ 638,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2019
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 | 617 | $139,715,000 | $226,000 | $935,000 | $130,000 | $2,031,000 |
| Refinancing | 161 | $37,605,000 | $233,000 | $845,000 | $135,000 | $669,000 |
| Cash-out Refinancing | 137 | $32,685,000 | $238,000 | $565,000 | $181,000 | $4,147,000 |
| Home Improvement | 13 | $855,000 | $65,000 | $135,000 | $125,000 | $240,000 |
| Other Purpose | 12 | $1,040,000 | $86,000 | $325,000 | $162,000 | $480,000 |
| 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 | 855 | $192,875,000 | $225,000 | $895,000 | $140,000 | $4,147,000 |
| Not applicable | 25 | $5,165,000 | $206,000 | $665,000 | $0 | $0 |
| Not Provided | 24 | $5,450,000 | $227,000 | $935,000 | $130,000 | $500,000 |
| Hispanic | 21 | $4,995,000 | $237,000 | $485,000 | $119,000 | $500,000 |
| Black or African American | 6 | $1,670,000 | $278,000 | $495,000 | $115,000 | $272,000 |
| American Indian or Alaskan Native | 5 | $745,000 | $149,000 | $245,000 | $195,000 | $768,000 |
| Asian | 4 | $1,000,000 | $250,000 | $315,000 | $112,000 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 785 | $179,485,000 | $228,000 | $935,000 | $151,000 | $4,147,000 |
| FHA-insured (Federal Housing Administration) | 64 | $12,770,000 | $199,000 | $465,000 | $74,000 | $345,000 |
| VA-guaranteed (Veterans Administration) | 50 | $14,030,000 | $280,000 | $785,000 | $121,000 | $1,011,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $5,615,000 | $136,000 | $255,000 | $50,000 | $97,000 |
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 | 758 | $172,810,000 | $227,000 | $935,000 | $144,000 | $4,147,000 |
| Application Withdrawn By Applicant | 130 | $29,610,000 | $227,000 | $685,000 | $140,000 | $2,031,000 |
| Application Denied By Financial Institution | 45 | $8,055,000 | $179,000 | $465,000 | $58,000 | $206,000 |
| Application Approved But Not Accepted | 7 | $1,425,000 | $203,000 | $345,000 | $150,000 | $269,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 895 | $203,845,000 | $227,000 | $935,000 | $143,000 | $4,147,000 |
| Debt-To-Income Ratio | 19 | $3,715,000 | $195,000 | $405,000 | $49,000 | $114,000 |
| Credit History | 18 | $3,070,000 | $170,000 | $465,000 | $73,000 | $206,000 |
| Employment History | 3 | $245,000 | $81,000 | $105,000 | $42,000 | $94,000 |
| Collateral | 3 | $665,000 | $221,000 | $255,000 | $64,000 | $101,000 |
| Other | 1 | $195,000 | $195,000 | $195,000 | $56,000 | $56,000 |
| Unverifiable Information | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| 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 2019 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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