First Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, First Bank & Trust of Brookings, SD reported 750 mortgage applications totaling $53.2 million, up 4% from 2004. The average application was for $70,885, and applicants reported an average income of $58,802. 85% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Sioux Falls, SD (62), Rapid City, SD (4) and Minneapolis-St. Paul-Bloomington, MN-WI (3) (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 | 750 |
| Total Mortgage Loan Application Amount | $53,164,000 |
| Average Mortgage Loan Application Amount | $70,885 |
| Highest Mortgage Loan Application Amount | $1,525,000 |
| Average Applicant Income | $58,802 |
| Highest Applicant Income | $1,171,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Brookings, South Dakota | 438 | $ 28,082,000 | $ 64,114 | $ 54,000 |
| Clay, South Dakota | 83 | $ 5,869,000 | $ 70,710 | $ 70,000 |
| Minnehaha, South Dakota | 52 | $ 5,441,000 | $ 104,634 | $ 55,000 |
| Moody, South Dakota | 35 | $ 1,693,000 | $ 48,371 | $ 39,000 |
| Kingsbury, South Dakota | 27 | $ 1,980,000 | $ 73,333 | $ 60,000 |
| Grant, South Dakota | 21 | $ 1,149,000 | $ 54,714 | $ 29,000 |
| Hamlin, South Dakota | 18 | $ 1,056,000 | $ 58,666 | $ 62,000 |
| Deuel, South Dakota | 17 | $ 957,000 | $ 56,294 | $ 54,000 |
| Lincoln, South Dakota | 6 | $ 1,532,000 | $ 255,333 | $ 47,000 |
| Codington, South Dakota | 4 | $ 238,000 | $ 59,500 | $ 45,000 |
| McCook, South Dakota | 4 | $ 539,000 | $ 134,750 | $ 160,000 |
| Rock, Minnesota | 3 | $ 190,000 | $ 63,333 | $ 75,000 |
| Lyman, South Dakota | 3 | $ 100,000 | $ 33,333 | $ 69,000 |
| Spink, South Dakota | 3 | $ 464,000 | $ 154,666 | $ 60,000 |
| Yankton, South Dakota | 3 | $ 369,000 | $ 123,000 | $ 11,000 |
| Big Stone, Minnesota | 2 | $ 129,000 | $ 64,500 | $ 55,000 |
| Pipestone, Minnesota | 2 | $ 186,000 | $ 93,000 | $ 167,000 |
| Jefferson, Missouri | 2 | $ 168,000 | $ 84,000 | $ 135,000 |
| Lawrence, South Dakota | 2 | $ 115,000 | $ 57,500 | $ 44,000 |
| Meade, South Dakota | 2 | $ 172,000 | $ 86,000 | $ 83,000 |
| Pennington, South Dakota | 2 | $ 610,000 | $ 305,000 | $ 217,000 |
| Maricopa, Arizona | 1 | $ 40,000 | $ 40,000 | $ 52,000 |
| Plymouth, Iowa | 1 | $ 14,000 | $ 14,000 | $ 43,000 |
| Woodbury, Iowa | 1 | $ 20,000 | $ 20,000 | $ 35,000 |
| Carver, Minnesota | 1 | $ 7,000 | $ 7,000 | $ 38,000 |
| Hennepin, Minnesota | 1 | $ 359,000 | $ 359,000 | $ 148,000 |
| Lake of the Woods, Minnesota | 1 | $ 60,000 | $ 60,000 | $ 36,000 |
| Otter Tail, Minnesota | 1 | $ 18,000 | $ 18,000 | $ 162,000 |
| Polk, Minnesota | 1 | $ 134,000 | $ 134,000 | $ 144,000 |
| Ramsey, Minnesota | 1 | $ 115,000 | $ 115,000 | $ 47,000 |
| Rice, Minnesota | 1 | $ 152,000 | $ 152,000 | $ 35,000 |
| Yellow Medicine, Minnesota | 1 | $ 365,000 | $ 365,000 | $ 1,033,000 |
| Douglas, Nebraska | 1 | $ 250,000 | $ 250,000 | $ 130,000 |
| Beadle, South Dakota | 1 | $ 86,000 | $ 86,000 | $ 40,000 |
| Brown, South Dakota | 1 | $ 103,000 | $ 103,000 | $ 43,000 |
| Charles Mix, South Dakota | 1 | $ 95,000 | $ 95,000 | $ 63,000 |
| Clark, South Dakota | 1 | $ 10,000 | $ 10,000 | $ 38,000 |
| Davison, South Dakota | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Lake, South Dakota | 1 | $ 63,000 | $ 63,000 | $ 23,000 |
| Roberts, South Dakota | 1 | $ 51,000 | $ 51,000 | $ 19,000 |
| Stanley, South Dakota | 1 | $ 18,000 | $ 18,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2005
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 | 363 | $33,735,000 | $97,333 | $1,525,000 | $91,000 | $741,000 |
| Refinancing | 234 | $15,604,000 | $92,666 | $806,000 | $142,333 | $1,171,000 |
| Home Improvement | 153 | $3,825,000 | $13,500 | $240,000 | $34,000 | $180,000 |
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 | 696 | $47,253,000 | $87,285 | $1,050,000 | $91,857 | $1,171,000 |
| Not Provided | 15 | $615,000 | $41,000 | $118,000 | $65,000 | $180,000 |
| Not applicable | 13 | $3,236,000 | $248,000 | $1,525,000 | $0 | $0 |
| Asian | 9 | $1,383,000 | $153,000 | $550,000 | $96,000 | $243,000 |
| Hispanic | 8 | $391,000 | $48,000 | $114,000 | $54,000 | $155,000 |
| American Indian or Alaskan Native | 5 | $70,000 | $14,000 | $50,000 | $33,000 | $44,000 |
| Black or African American | 3 | $132,000 | $44,000 | $119,000 | $58,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $84,000 | $84,000 | $84,000 | $153,000 | $153,000 |
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) | 708 | $49,400,000 | $87,571 | $1,525,000 | $92,285 | $1,171,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 38 | $3,266,000 | $85,000 | $174,000 | $30,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 4 | $498,000 | $124,000 | $217,000 | $87,000 | $151,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 641 | $46,141,000 | $95,833 | $1,525,000 | $95,500 | $1,171,000 |
| Application Denied By Financial Institution | 50 | $2,374,000 | $43,500 | $400,000 | $58,500 | $149,000 |
| Application Approved But Not Accepted | 43 | $3,693,000 | $100,000 | $550,000 | $66,000 | $356,000 |
| Application Withdrawn By Applicant | 16 | $956,000 | $59,000 | $118,000 | $49,000 | $180,000 |
| 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 2005 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.
For a list of all lenders in South Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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