First Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, First Bank & Trust of Sioux Falls, SD reported 993 mortgage applications totaling $194.5 million, down 17% from 2012. The average application was for $195,874, and applicants reported an average income of $103,914. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Sioux Falls, SD (750), Sioux City, IA-NE-SD (5) and Rapid City, SD (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 | 993 |
| Total Mortgage Loan Application Amount | $194,503,000 |
| Average Mortgage Loan Application Amount | $195,874 |
| Highest Mortgage Loan Application Amount | $7,400,000 |
| Average Applicant Income | $103,914 |
| Highest Applicant Income | $1,931,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 598 | $123,906,000 | $207,000 | $7,400,000 | $110,000 | $1,931,000 |
| Refinancing | 338 | $63,544,000 | $188,000 | $6,300,000 | $96,000 | $923,000 |
| Home Improvement | 57 | $7,053,000 | $123,000 | $2,400,000 | $87,000 | $624,000 |
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 | 940 | $157,716,000 | $167,000 | $1,255,000 | $108,000 | $1,931,000 |
| Not applicable | 30 | $32,997,000 | $1,099,000 | $7,400,000 | $0 | $0 |
| Black or African American | 8 | $1,033,000 | $129,000 | $154,000 | $37,000 | $62,000 |
| Hispanic | 6 | $645,000 | $107,000 | $162,000 | $62,000 | $94,000 |
| Asian | 5 | $1,781,000 | $356,000 | $772,000 | $298,000 | $750,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $208,000 | $104,000 | $125,000 | $46,000 | $56,000 |
| American Indian or Alaskan Native | 1 | $76,000 | $76,000 | $76,000 | $27,000 | $27,000 |
| Not Provided | 1 | $47,000 | $47,000 | $47,000 | $118,000 | $118,000 |
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) | 742 | $156,798,000 | $211,000 | $7,400,000 | $118,000 | $1,931,000 |
| FHA-insured (Federal Housing Administration) | 145 | $20,674,000 | $142,000 | $276,000 | $66,000 | $472,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 70 | $9,687,000 | $138,000 | $306,000 | $50,000 | $105,000 |
| VA-guaranteed (Veterans Administration) | 36 | $7,344,000 | $204,000 | $417,000 | $73,000 | $270,000 |
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 | 786 | $161,919,000 | $206,000 | $7,400,000 | $112,000 | $1,931,000 |
| Application Approved But Not Accepted | 112 | $18,863,000 | $168,000 | $417,000 | $90,000 | $375,000 |
| Application Denied By Financial Institution | 81 | $11,012,000 | $135,000 | $494,000 | $52,000 | $244,000 |
| Application Withdrawn By Applicant | 14 | $2,709,000 | $193,000 | $628,000 | $100,000 | $465,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $324,000 | $324,000 | $324,000 | $244,000 | $244,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2013 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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