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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 709 | $ 163,425,000 | $ 230,500 | $ 137,000 |
| Outside any metro area | 200 | $ 41,530,000 | $ 207,650 | $ 146,795 |
| Sioux City, IA-NE-SD | 6 | $ 1,200,000 | $ 200,000 | $ 90,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 1,155,000 | $ 231,000 | $ 204,000 |
| Rapid City, SD | 3 | $ 485,000 | $ 161,666 | $ 71,000 |
| Carbondale-Marion, IL | 2 | $ 400,000 | $ 200,000 | $ 69,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 540,000 | $ 270,000 | $ 193,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 340,000 | $ 170,000 | $ 60,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 760,000 | $ 380,000 | $ 446,000 |
| Wichita, KS | 2 | $ 450,000 | $ 225,000 | $ 81,000 |
| Jacksonville, FL | 1 | $ 235,000 | $ 235,000 | $ 65,000 |
| Kansas City, MO-KS | 1 | $ 185,000 | $ 185,000 | $ 71,000 |
| Lincoln, NE | 1 | $ 255,000 | $ 255,000 | $ 153,000 |
| Mankato-North Mankato, MN | 1 | $ 305,000 | $ 305,000 | $ 102,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 235,000 | $ 235,000 | $ 70,000 |
| Raleigh, NC | 1 | $ 395,000 | $ 395,000 | $ 225,000 |
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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