First Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, First Bank & Trust of Brookings, SD reported 771 mortgage applications totaling $59.5 million, up 3% from 2005. The average application was for $77,190, and applicants reported an average income of $62,774. 86% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Sioux Falls, SD (116), Rapid City, SD (5) and Sioux City, IA-NE-SD (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 | 771 |
| Total Mortgage Loan Application Amount | $59,514,000 |
| Average Mortgage Loan Application Amount | $77,190 |
| Highest Mortgage Loan Application Amount | $1,040,000 |
| Average Applicant Income | $62,774 |
| Highest Applicant Income | $991,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 445 | $ 31,578,000 | $ 70,961 | $ 60,000 |
| Minnehaha, South Dakota | 93 | $ 8,953,000 | $ 96,268 | $ 63,000 |
| Clay, South Dakota | 54 | $ 4,716,000 | $ 87,333 | $ 63,000 |
| Moody, South Dakota | 32 | $ 1,759,000 | $ 54,968 | $ 56,000 |
| Lincoln, South Dakota | 23 | $ 4,580,000 | $ 199,130 | $ 121,000 |
| Kingsbury, South Dakota | 19 | $ 1,118,000 | $ 58,842 | $ 53,000 |
| Deuel, South Dakota | 17 | $ 674,000 | $ 39,647 | $ 37,000 |
| Hamlin, South Dakota | 15 | $ 847,000 | $ 56,466 | $ 41,000 |
| Codington, South Dakota | 5 | $ 231,000 | $ 46,200 | $ 35,000 |
| Grant, South Dakota | 5 | $ 378,000 | $ 75,600 | $ 33,000 |
| Lake, South Dakota | 5 | $ 277,000 | $ 55,400 | $ 263,000 |
| Sully, South Dakota | 5 | $ 540,000 | $ 108,000 | $ 84,000 |
| Beadle, South Dakota | 4 | $ 230,000 | $ 57,500 | $ 69,000 |
| Pennington, South Dakota | 4 | $ 294,000 | $ 73,500 | $ 101,000 |
| Yankton, South Dakota | 4 | $ 258,000 | $ 64,500 | $ 50,000 |
| Lyman, South Dakota | 3 | $ 166,000 | $ 55,333 | $ 38,000 |
| Rock, Minnesota | 2 | $ 55,000 | $ 27,500 | $ 56,000 |
| Brown, South Dakota | 2 | $ 108,000 | $ 54,000 | $ 35,000 |
| Lawrence, South Dakota | 2 | $ 312,000 | $ 156,000 | $ 0 |
| Union, South Dakota | 2 | $ 87,000 | $ 43,500 | $ 39,000 |
| Denver, Colorado | 1 | $ 133,000 | $ 133,000 | $ 132,000 |
| Lee, Florida | 1 | $ 415,000 | $ 415,000 | $ 376,000 |
| Palm Beach, Florida | 1 | $ 5,000 | $ 5,000 | $ 24,000 |
| Emmet, Iowa | 1 | $ 5,000 | $ 5,000 | $ 36,000 |
| Johnson, Iowa | 1 | $ 117,000 | $ 117,000 | $ 182,000 |
| Lyon, Iowa | 1 | $ 27,000 | $ 27,000 | $ 38,000 |
| Woodbury, Iowa | 1 | $ 134,000 | $ 134,000 | $ 66,000 |
| Manistee, Michigan | 1 | $ 70,000 | $ 70,000 | $ 55,000 |
| Douglas, Minnesota | 1 | $ 249,000 | $ 249,000 | $ 46,000 |
| Martin, Minnesota | 1 | $ 60,000 | $ 60,000 | $ 162,000 |
| Boone, Missouri | 1 | $ 110,000 | $ 110,000 | $ 85,000 |
| Cuming, Nebraska | 1 | $ 12,000 | $ 12,000 | $ 75,000 |
| Aurora, South Dakota | 1 | $ 8,000 | $ 8,000 | $ 39,000 |
| Clark, South Dakota | 1 | $ 15,000 | $ 15,000 | $ 38,000 |
| Edmunds, South Dakota | 1 | $ 3,000 | $ 3,000 | $ 32,000 |
| Fall River, South Dakota | 1 | $ 25,000 | $ 25,000 | $ 56,000 |
| Gregory, South Dakota | 1 | $ 315,000 | $ 315,000 | $ 177,000 |
| Hand, South Dakota | 1 | $ 91,000 | $ 91,000 | $ 52,000 |
| Hughes, South Dakota | 1 | $ 110,000 | $ 110,000 | $ 56,000 |
| Hutchinson, South Dakota | 1 | $ 5,000 | $ 5,000 | $ 36,000 |
| Meade, South Dakota | 1 | $ 130,000 | $ 130,000 | $ 74,000 |
| Washakie, Wyoming | 1 | $ 96,000 | $ 96,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2006
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 | 424 | $43,500,000 | $102,000 | $1,040,000 | $68,000 | $991,000 |
| Home Improvement | 177 | $4,185,000 | $23,000 | $164,000 | $51,000 | $198,000 |
| Refinancing | 170 | $11,829,000 | $69,000 | $355,000 | $62,000 | $299,000 |
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 | 715 | $55,476,000 | $77,000 | $1,040,000 | $64,000 | $991,000 |
| Not Provided | 19 | $1,173,000 | $61,000 | $300,000 | $50,000 | $127,000 |
| Not applicable | 16 | $1,359,000 | $84,000 | $290,000 | $2,000 | $38,000 |
| Asian | 8 | $978,000 | $122,000 | $169,000 | $78,000 | $140,000 |
| Hispanic | 7 | $322,000 | $46,000 | $91,000 | $41,000 | $69,000 |
| Black or African American | 3 | $130,000 | $43,000 | $112,000 | $26,000 | $52,000 |
| American Indian or Alaskan Native | 3 | $76,000 | $25,000 | $37,000 | $112,000 | $227,000 |
| 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) | 707 | $52,633,000 | $74,000 | $1,040,000 | $65,000 | $991,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $4,664,000 | $101,000 | $170,000 | $38,000 | $72,000 |
| FHA-insured (Federal Housing Administration) | 10 | $1,179,000 | $117,000 | $136,000 | $55,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,038,000 | $129,000 | $226,000 | $50,000 | $83,000 |
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 | 665 | $54,286,000 | $81,000 | $1,040,000 | $66,000 | $991,000 |
| Application Denied By Financial Institution | 57 | $1,766,000 | $30,000 | $128,000 | $38,000 | $124,000 |
| Application Approved But Not Accepted | 42 | $2,764,000 | $65,000 | $267,000 | $47,000 | $114,000 |
| Application Withdrawn By Applicant | 7 | $698,000 | $99,000 | $196,000 | $50,000 | $84,000 |
| 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 2006 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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