First Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, First Bank & Trust of Sioux Falls, SD reported 995 mortgage applications totaling $206.2 million, up 21% from 2014. The average application was for $207,205, and applicants reported an average income of $99,575. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (780), Sioux City, IA-NE-SD (4) and Indianapolis-Carmel-Anderson, IN (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 | 995 |
| Total Mortgage Loan Application Amount | $206,169,000 |
| Average Mortgage Loan Application Amount | $207,205 |
| Highest Mortgage Loan Application Amount | $16,100,000 |
| Average Applicant Income | $99,575 |
| Highest Applicant Income | $1,222,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 654 | $129,909,000 | $198,000 | $3,103,000 | $96,000 | $847,000 |
| Refinancing | 268 | $68,728,000 | $256,000 | $16,100,000 | $112,000 | $1,222,000 |
| Home Improvement | 73 | $7,532,000 | $103,000 | $417,000 | $86,000 | $449,000 |
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 | 945 | $169,930,000 | $179,000 | $750,000 | $103,000 | $1,222,000 |
| Not applicable | 23 | $31,705,000 | $1,378,000 | $16,100,000 | $0 | $0 |
| Asian | 11 | $2,204,000 | $200,000 | $395,000 | $103,000 | $305,000 |
| Black or African American | 6 | $978,000 | $163,000 | $203,000 | $68,000 | $164,000 |
| Hispanic | 6 | $723,000 | $120,000 | $183,000 | $41,000 | $61,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $314,000 | $157,000 | $163,000 | $71,000 | $71,000 |
| Not Provided | 1 | $197,000 | $197,000 | $197,000 | $58,000 | $58,000 |
| American Indian or Alaskan Native | 1 | $118,000 | $118,000 | $118,000 | $29,000 | $29,000 |
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) | 777 | $169,953,000 | $218,000 | $16,100,000 | $108,000 | $1,222,000 |
| FHA-insured (Federal Housing Administration) | 125 | $20,155,000 | $161,000 | $359,000 | $73,000 | $660,000 |
| VA-guaranteed (Veterans Administration) | 47 | $9,526,000 | $202,000 | $399,000 | $71,000 | $170,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $6,535,000 | $142,000 | $285,000 | $50,000 | $104,000 |
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 | 805 | $171,861,000 | $213,000 | $16,100,000 | $103,000 | $1,222,000 |
| Application Approved But Not Accepted | 129 | $24,564,000 | $190,000 | $750,000 | $101,000 | $514,000 |
| Application Denied By Financial Institution | 54 | $7,844,000 | $145,000 | $389,000 | $48,000 | $145,000 |
| Application Withdrawn By Applicant | 7 | $1,900,000 | $271,000 | $1,272,000 | $47,000 | $145,000 |
| 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 2015 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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