First Bank & Trust Mortgage Lending & HMDA Data, 2025
In 2025, First Bank & Trust of Brookings, SD reported 1,870 mortgage applications totaling $418.6 million, down 4% from 2024. The average application was for $223,844, and applicants reported an average income of $156,893. 70% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Sioux Falls, SD (583), Minneapolis-St. Paul-Bloomington, MN-WI (295) and Sioux City, IA-NE-SD (10) (applications in parentheses).
| Mortgage Company & Address | First Bank & Trust 520 6th Street Brookings, SD 57006 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,870 |
| Total Mortgage Loan Application Amount | $418,590,000 |
| Average Mortgage Loan Application Amount | $223,844 |
| Highest Mortgage Loan Application Amount | $12,435,000 |
| Average Applicant Income | $156,893 |
| Highest Applicant Income | $6,007,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2025
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 | 1,067 | $319,235,000 | $299,000 | $12,435,000 | $148,000 | $3,508,000 |
| Refinancing | 284 | $39,400,000 | $138,000 | $2,125,000 | $147,000 | $780,000 |
| Home Improvement | 282 | $25,050,000 | $88,000 | $1,055,000 | $160,000 | $5,348,000 |
| Other Purpose | 177 | $18,855,000 | $106,000 | $1,505,000 | $238,000 | $6,007,000 |
| Cash-out Refinancing | 60 | $16,050,000 | $267,000 | $805,000 | $108,000 | $434,000 |
| 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 | 1,584 | $324,180,000 | $204,000 | $2,665,000 | $158,000 | $6,007,000 |
| Not Provided | 111 | $30,255,000 | $272,000 | $1,805,000 | $162,000 | $1,192,000 |
| Not applicable | 79 | $41,075,000 | $519,000 | $12,435,000 | $0 | $0 |
| Hispanic | 33 | $5,095,000 | $154,000 | $485,000 | $79,000 | $180,000 |
| Black or African American | 32 | $9,390,000 | $293,000 | $935,000 | $150,000 | $1,200,000 |
| Asian | 24 | $7,260,000 | $302,000 | $495,000 | $180,000 | $737,000 |
| American Indian or Alaskan Native | 7 | $1,335,000 | $190,000 | $655,000 | $74,000 | $182,000 |
| 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) | 1,661 | $362,905,000 | $218,000 | $12,435,000 | $165,000 | $6,007,000 |
| FHA-insured (Federal Housing Administration) | 148 | $35,640,000 | $240,000 | $495,000 | $88,000 | $738,000 |
| VA-guaranteed (Veterans Administration) | 51 | $17,985,000 | $352,000 | $1,785,000 | $106,000 | $334,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $2,060,000 | $206,000 | $375,000 | $67,000 | $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 | 1,306 | $283,320,000 | $216,000 | $12,435,000 | $163,000 | $6,007,000 |
| Application Withdrawn By Applicant | 300 | $85,370,000 | $284,000 | $2,665,000 | $172,000 | $2,160,000 |
| Application Denied By Financial Institution | 231 | $44,235,000 | $191,000 | $2,125,000 | $85,000 | $1,200,000 |
| File Closed For Incompleteness | 21 | $3,365,000 | $160,000 | $505,000 | $214,000 | $1,496,000 |
| Application Approved But Not Accepted | 10 | $1,920,000 | $192,000 | $1,295,000 | $127,000 | $411,000 |
| Loan Purchased By The Institution | 2 | $380,000 | $190,000 | $215,000 | $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 | 1,639 | $374,355,000 | $228,000 | $12,435,000 | $165,000 | $6,007,000 |
| Debt-To-Income Ratio | 144 | $31,270,000 | $217,000 | $2,125,000 | $77,000 | $511,000 |
| Credit History | 64 | $9,060,000 | $141,000 | $935,000 | $126,000 | $1,200,000 |
| Collateral | 14 | $2,320,000 | $165,000 | $385,000 | $78,000 | $127,000 |
| Other | 7 | $1,135,000 | $162,000 | $265,000 | $83,000 | $116,000 |
| Unverifiable Information | 1 | $225,000 | $225,000 | $225,000 | $153,000 | $153,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $225,000 | $225,000 | $225,000 | $138,000 | $138,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2025 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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