First Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, First Bank & Trust of Sioux Falls, SD reported 1,039 mortgage applications totaling $242.2 million, up 4% from 2015. The average application was for $233,120, and applicants reported an average income of $114,032. 83% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (801), Sioux City, IA-NE-SD (10) 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 | 1,039 |
| Total Mortgage Loan Application Amount | $242,212,000 |
| Average Mortgage Loan Application Amount | $233,120 |
| Highest Mortgage Loan Application Amount | $33,362,000 |
| Average Applicant Income | $114,032 |
| Highest Applicant Income | $2,763,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 679 | $167,388,000 | $246,000 | $33,362,000 | $108,000 | $2,763,000 |
| Refinancing | 284 | $66,043,000 | $232,000 | $5,500,000 | $129,000 | $1,386,000 |
| Home Improvement | 76 | $8,781,000 | $115,000 | $417,000 | $112,000 | $811,000 |
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 | 980 | $188,024,000 | $191,000 | $1,125,000 | $117,000 | $2,763,000 |
| Not applicable | 26 | $48,073,000 | $1,848,000 | $33,362,000 | $0 | $0 |
| Asian | 12 | $2,367,000 | $197,000 | $313,000 | $131,000 | $525,000 |
| Hispanic | 12 | $1,788,000 | $149,000 | $380,000 | $98,000 | $300,000 |
| Black or African American | 4 | $887,000 | $221,000 | $236,000 | $79,000 | $82,000 |
| Not Provided | 3 | $837,000 | $279,000 | $388,000 | $157,000 | $242,000 |
| American Indian or Alaskan Native | 2 | $236,000 | $118,000 | $226,000 | $132,000 | $179,000 |
| Native Hawaiin or Other Pacific Islander | 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) | 869 | $214,516,000 | $246,000 | $33,362,000 | $123,000 | $2,763,000 |
| FHA-insured (Federal Housing Administration) | 98 | $15,644,000 | $159,000 | $276,000 | $77,000 | $638,000 |
| VA-guaranteed (Veterans Administration) | 39 | $7,506,000 | $192,000 | $388,000 | $64,000 | $127,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $4,546,000 | $137,000 | $236,000 | $45,000 | $95,000 |
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 | 860 | $209,475,000 | $243,000 | $33,362,000 | $117,000 | $2,763,000 |
| Application Approved But Not Accepted | 115 | $22,983,000 | $199,000 | $910,000 | $127,000 | $722,000 |
| Application Denied By Financial Institution | 52 | $8,309,000 | $159,000 | $475,000 | $61,000 | $407,000 |
| Application Withdrawn By Applicant | 12 | $1,445,000 | $120,000 | $210,000 | $71,000 | $207,000 |
| 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 2016 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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