First Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First Bank & Trust of Sioux Falls, SD reported 1,423 mortgage applications totaling $221.8 million. The average application was for $155,869, and applicants reported an average income of $83,965. 75% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Sioux Falls, SD (1,047), Rapid City, SD (14) and Sioux City, IA-NE-SD (8) (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 | 1,423 |
| Total Mortgage Loan Application Amount | $221,802,000 |
| Average Mortgage Loan Application Amount | $155,869 |
| Highest Mortgage Loan Application Amount | $838,000 |
| Average Applicant Income | $83,965 |
| Highest Applicant Income | $1,334,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Bank & Trust in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 702 | $117,051,000 | $166,000 | $417,000 | $90,000 | $1,019,000 |
| Home Purchase | 656 | $98,727,000 | $150,000 | $838,000 | $78,000 | $1,334,000 |
| Home Improvement | 65 | $6,024,000 | $92,000 | $400,000 | $79,000 | $318,000 |
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 | 1,377 | $216,163,000 | $156,000 | $838,000 | $86,000 | $1,334,000 |
| Not applicable | 16 | $2,325,000 | $145,000 | $310,000 | $0 | $0 |
| Hispanic | 13 | $1,622,000 | $124,000 | $226,000 | $32,000 | $85,000 |
| Black or African American | 8 | $850,000 | $106,000 | $145,000 | $42,000 | $83,000 |
| Asian | 5 | $555,000 | $111,000 | $135,000 | $22,000 | $65,000 |
| American Indian or Alaskan Native | 4 | $287,000 | $71,000 | $83,000 | $26,000 | $40,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 858 | $139,839,000 | $162,000 | $838,000 | $102,000 | $1,334,000 |
| FHA-insured (Federal Housing Administration) | 417 | $60,101,000 | $144,000 | $290,000 | $57,000 | $304,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 91 | $12,022,000 | $132,000 | $417,000 | $48,000 | $142,000 |
| VA-guaranteed (Veterans Administration) | 57 | $9,840,000 | $172,000 | $383,000 | $58,000 | $136,000 |
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 | 1,062 | $160,544,000 | $151,000 | $838,000 | $85,000 | $1,334,000 |
| Application Approved But Not Accepted | 207 | $35,919,000 | $173,000 | $417,000 | $91,000 | $579,000 |
| Application Denied By Financial Institution | 120 | $19,930,000 | $166,000 | $417,000 | $66,000 | $439,000 |
| Application Withdrawn By Applicant | 33 | $5,185,000 | $157,000 | $393,000 | $74,000 | $300,000 |
| File Closed For Incompleteness | 1 | $224,000 | $224,000 | $224,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 48 | $8,182,000 | $170,000 | $417,000 | $58,000 | $203,000 |
| Credit History | 34 | $5,021,000 | $147,000 | $357,000 | $56,000 | $439,000 |
| Collateral | 25 | $5,027,000 | $201,000 | $408,000 | $89,000 | $310,000 |
| Employment History | 6 | $672,000 | $112,000 | $226,000 | $49,000 | $127,000 |
| Unverifiable Information | 4 | $653,000 | $163,000 | $255,000 | $102,000 | $300,000 |
| Other | 3 | $375,000 | $125,000 | $164,000 | $88,000 | $160,000 |
| 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 2009 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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