First Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, First Bank & Trust of Sioux Falls, SD reported 753 mortgage applications totaling $144.3 million, down 16% from 2017. The average application was for $191,586, and applicants reported an average income of $119,760. 83% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Sioux Falls, SD (534), Sioux City, IA-NE-SD (7) and Minneapolis-St. Paul-Bloomington, MN-WI (4) (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 | 753 |
| Total Mortgage Loan Application Amount | $144,265,000 |
| Average Mortgage Loan Application Amount | $191,586 |
| Highest Mortgage Loan Application Amount | $1,265,000 |
| Average Applicant Income | $119,760 |
| Highest Applicant Income | $1,003,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 574 | $117,570,000 | $204,000 | $785,000 | $119,000 | $1,003,000 |
| Refinancing | 69 | $12,095,000 | $175,000 | $1,265,000 | $132,000 | $730,000 |
| Cash-out Refinancing | 68 | $11,480,000 | $168,000 | $615,000 | $85,000 | $460,000 |
| Other Purpose | 22 | $1,930,000 | $87,000 | $485,000 | $173,000 | $879,000 |
| Home Improvement | 20 | $1,190,000 | $59,000 | $195,000 | $159,000 | $480,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 702 | $132,590,000 | $188,000 | $1,265,000 | $118,000 | $1,003,000 |
| Not applicable | 15 | $3,585,000 | $239,000 | $845,000 | $0 | $0 |
| Asian | 12 | $3,060,000 | $255,000 | $525,000 | $197,000 | $700,000 |
| Hispanic | 10 | $2,420,000 | $242,000 | $455,000 | $162,000 | $475,000 |
| Black or African American | 8 | $1,680,000 | $210,000 | $505,000 | $79,000 | $220,000 |
| Not Provided | 3 | $265,000 | $88,000 | $125,000 | $42,000 | $42,000 |
| American Indian or Alaskan Native | 2 | $310,000 | $155,000 | $215,000 | $182,000 | $294,000 |
| Native Hawaiian 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) | 619 | $120,375,000 | $194,000 | $1,265,000 | $131,000 | $1,003,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 49 | $6,445,000 | $131,000 | $225,000 | $52,000 | $112,000 |
| FHA-insured (Federal Housing Administration) | 48 | $8,370,000 | $174,000 | $275,000 | $69,000 | $155,000 |
| VA-guaranteed (Veterans Administration) | 37 | $9,075,000 | $245,000 | $465,000 | $86,000 | $176,000 |
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 | 623 | $118,695,000 | $190,000 | $845,000 | $121,000 | $1,003,000 |
| Application Withdrawn By Applicant | 90 | $17,970,000 | $199,000 | $655,000 | $123,000 | $795,000 |
| Application Denied By Financial Institution | 26 | $4,800,000 | $184,000 | $1,265,000 | $63,000 | $215,000 |
| Application Approved But Not Accepted | 14 | $2,800,000 | $200,000 | $455,000 | $127,000 | $304,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 727 | $139,465,000 | $191,000 | $845,000 | $122,000 | $1,003,000 |
| Debt-To-Income Ratio | 17 | $2,545,000 | $149,000 | $615,000 | $53,000 | $139,000 |
| Credit History | 6 | $1,880,000 | $313,000 | $1,265,000 | $100,000 | $215,000 |
| Collateral | 2 | $150,000 | $75,000 | $125,000 | $55,000 | $76,000 |
| Unverifiable Information | 1 | $225,000 | $225,000 | $225,000 | $17,000 | $17,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2018 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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