First Bank & Trust Mortgage Lending & HMDA Data, 2011
In 2011, First Bank & Trust of Sioux Falls, SD reported 842 mortgage applications totaling $138.7 million, down 21% from 2010. The average application was for $164,732, and applicants reported an average income of $89,877. 75% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Sioux Falls, SD (593), Sioux City, IA-NE-SD (7) 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 | 842 |
| Total Mortgage Loan Application Amount | $138,705,000 |
| Average Mortgage Loan Application Amount | $164,732 |
| Highest Mortgage Loan Application Amount | $4,200,000 |
| Average Applicant Income | $89,877 |
| Highest Applicant Income | $1,874,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 410 | $69,422,000 | $169,000 | $2,700,000 | $89,000 | $1,228,000 |
| Refinancing | 383 | $65,609,000 | $171,000 | $4,200,000 | $94,000 | $1,874,000 |
| Home Improvement | 49 | $3,674,000 | $74,000 | $310,000 | $65,000 | $180,000 |
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 | 806 | $124,762,000 | $154,000 | $1,000,000 | $93,000 | $1,874,000 |
| Not applicable | 13 | $11,333,000 | $871,000 | $4,200,000 | $0 | $0 |
| Hispanic | 8 | $741,000 | $92,000 | $177,000 | $32,000 | $66,000 |
| Black or African American | 6 | $931,000 | $155,000 | $371,000 | $89,000 | $347,000 |
| Not Provided | 3 | $26,000 | $8,000 | $15,000 | $66,000 | $74,000 |
| American Indian or Alaskan Native | 3 | $423,000 | $141,000 | $151,000 | $41,000 | $49,000 |
| Asian | 2 | $347,000 | $173,000 | $178,000 | $82,000 | $116,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $142,000 | $142,000 | $142,000 | $51,000 | $51,000 |
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) | 585 | $103,324,000 | $176,000 | $4,200,000 | $104,000 | $1,874,000 |
| FHA-insured (Federal Housing Administration) | 179 | $24,241,000 | $135,000 | $274,000 | $62,000 | $1,228,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 56 | $6,525,000 | $116,000 | $207,000 | $43,000 | $90,000 |
| VA-guaranteed (Veterans Administration) | 22 | $4,615,000 | $209,000 | $400,000 | $73,000 | $338,000 |
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 | 633 | $104,829,000 | $165,000 | $4,200,000 | $95,000 | $1,874,000 |
| Application Approved But Not Accepted | 116 | $21,106,000 | $181,000 | $610,000 | $97,000 | $683,000 |
| Application Denied By Financial Institution | 83 | $11,800,000 | $142,000 | $980,000 | $52,000 | $500,000 |
| Application Withdrawn By Applicant | 10 | $970,000 | $97,000 | $204,000 | $48,000 | $93,000 |
| 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 2011 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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