First Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, First Bank & Trust of Sioux Falls, SD reported 1,065 mortgage applications totaling $164.7 million, down 25% from 2009. The average application was for $154,627, and applicants reported an average income of $91,262. 77% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Sioux Falls, SD (762), Sioux City, IA-NE-SD (6) 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 | 1,065 |
| Total Mortgage Loan Application Amount | $164,678,000 |
| Average Mortgage Loan Application Amount | $154,627 |
| Highest Mortgage Loan Application Amount | $875,000 |
| Average Applicant Income | $91,262 |
| Highest Applicant Income | $3,536,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 | 511 | $83,609,000 | $163,000 | $682,000 | $105,000 | $3,536,000 |
| Home Purchase | 476 | $73,791,000 | $155,000 | $875,000 | $80,000 | $955,000 |
| Home Improvement | 78 | $7,278,000 | $93,000 | $300,000 | $70,000 | $242,000 |
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 | 1,029 | $159,013,000 | $154,000 | $875,000 | $93,000 | $3,536,000 |
| Not applicable | 11 | $1,393,000 | $126,000 | $249,000 | $0 | $0 |
| Black or African American | 10 | $2,258,000 | $225,000 | $417,000 | $99,000 | $240,000 |
| Hispanic | 8 | $862,000 | $107,000 | $187,000 | $43,000 | $66,000 |
| Asian | 4 | $805,000 | $201,000 | $300,000 | $60,000 | $120,000 |
| Not Provided | 2 | $92,000 | $46,000 | $90,000 | $50,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $255,000 | $255,000 | $255,000 | $90,000 | $90,000 |
| American Indian or Alaskan Native | 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) | 684 | $108,861,000 | $159,000 | $875,000 | $109,000 | $3,536,000 |
| FHA-insured (Federal Housing Administration) | 284 | $41,844,000 | $147,000 | $338,000 | $63,000 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 49 | $5,937,000 | $121,000 | $251,000 | $40,000 | $86,000 |
| VA-guaranteed (Veterans Administration) | 48 | $8,036,000 | $167,000 | $406,000 | $60,000 | $210,000 |
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 | 824 | $129,116,000 | $156,000 | $875,000 | $98,000 | $3,536,000 |
| Application Approved But Not Accepted | 118 | $19,662,000 | $166,000 | $825,000 | $90,000 | $500,000 |
| Application Denied By Financial Institution | 91 | $11,611,000 | $127,000 | $417,000 | $46,000 | $405,000 |
| Application Withdrawn By Applicant | 32 | $4,289,000 | $134,000 | $417,000 | $57,000 | $240,000 |
| 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 2010 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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