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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Sioux Falls, SD | 1,099 | $ 293,495,000 | $ 267,056 | $ 136,000 |
| Outside any metro area | 344 | $ 67,880,000 | $ 197,325 | $ 131,924 |
| Sioux City, IA-NE-SD | 13 | $ 2,685,000 | $ 206,538 | $ 119,538 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 10 | $ 3,700,000 | $ 370,000 | $ 334,000 |
| Omaha-Council Bluffs, NE-IA | 5 | $ 1,015,000 | $ 203,000 | $ 134,000 |
| Lincoln, NE | 4 | $ 1,520,000 | $ 380,000 | $ 215,000 |
| Des Moines-West Des Moines, IA | 3 | $ 815,000 | $ 271,666 | $ 111,000 |
| Fargo, ND-MN | 3 | $ 1,105,000 | $ 368,333 | $ 132,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 1,835,000 | $ 611,666 | $ 119,000 |
| Rapid City, SD | 3 | $ 585,000 | $ 195,000 | $ 69,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 570,000 | $ 285,000 | $ 301,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 385,000 | $ 385,000 | $ 245,000 |
| Grand Forks, ND-MN | 1 | $ 75,000 | $ 75,000 | $ 150,000 |
| Jacksonville, FL | 1 | $ 235,000 | $ 235,000 | $ 100,000 |
| Kansas City, MO-KS | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 365,000 | $ 365,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 255,000 | $ 255,000 | $ 67,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 355,000 | $ 355,000 | $ 610,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 165,000 | $ 165,000 | $ 157,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 245,000 | $ 245,000 | $ 59,000 |
| Rochester, MN | 1 | $ 305,000 | $ 305,000 | $ 68,000 |
| Staunton-Waynesboro, VA | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 475,000 | $ 475,000 | $ 890,000 |
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.
For a list of all lenders in South Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About