First Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, First Bank & Trust of Sioux Falls, SD reported 1,193 mortgage applications totaling $210.8 million, up 42% from 2011. The average application was for $176,715, and applicants reported an average income of $107,640. 80% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Sioux Falls, SD (909), Sioux City, IA-NE-SD (9) 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 | 1,193 |
| Total Mortgage Loan Application Amount | $210,822,000 |
| Average Mortgage Loan Application Amount | $176,715 |
| Highest Mortgage Loan Application Amount | $14,905,000 |
| Average Applicant Income | $107,640 |
| Highest Applicant Income | $3,859,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012
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 | 603 | $104,909,000 | $173,000 | $556,000 | $117,000 | $1,790,000 |
| Home Purchase | 519 | $98,448,000 | $189,000 | $14,905,000 | $100,000 | $3,859,000 |
| Home Improvement | 71 | $7,465,000 | $105,000 | $423,000 | $84,000 | $444,000 |
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 | 1,144 | $188,369,000 | $164,000 | $895,000 | $109,000 | $3,859,000 |
| Not applicable | 35 | $19,261,000 | $550,000 | $14,905,000 | $0 | $0 |
| Hispanic | 7 | $1,402,000 | $200,000 | $417,000 | $234,000 | $652,000 |
| Asian | 5 | $1,392,000 | $278,000 | $771,000 | $346,000 | $1,261,000 |
| Black or African American | 2 | $398,000 | $199,000 | $212,000 | $104,000 | $125,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 916 | $171,696,000 | $187,000 | $14,905,000 | $124,000 | $3,859,000 |
| FHA-insured (Federal Housing Administration) | 172 | $24,651,000 | $143,000 | $276,000 | $61,000 | $328,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 67 | $7,638,000 | $114,000 | $281,000 | $42,000 | $86,000 |
| VA-guaranteed (Veterans Administration) | 38 | $6,837,000 | $179,000 | $305,000 | $37,000 | $145,000 |
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 | 953 | $172,920,000 | $181,000 | $14,905,000 | $112,000 | $3,859,000 |
| Application Approved But Not Accepted | 134 | $22,821,000 | $170,000 | $895,000 | $111,000 | $948,000 |
| Application Denied By Financial Institution | 88 | $12,546,000 | $142,000 | $402,000 | $60,000 | $278,000 |
| Application Withdrawn By Applicant | 18 | $2,535,000 | $140,000 | $284,000 | $59,000 | $168,000 |
| 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 2012 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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