First Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, First Bank & Trust of Brookings, SD reported 724 mortgage applications totaling $55.4 million, down 6% from 2006. The average application was for $76,451, and applicants reported an average income of $61,667. 88% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Sioux Falls, SD (48), Minneapolis-St. Paul-Bloomington, MN-WI (2) and Fort Worth-Arlington, TX (1) (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 | 724 |
| Total Mortgage Loan Application Amount | $55,351,000 |
| Average Mortgage Loan Application Amount | $76,451 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $61,667 |
| Highest Applicant Income | $574,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 485 | $ 40,388,000 | $ 83,274 | $ 65,000 |
| Minnehaha, South Dakota | 45 | $ 2,676,000 | $ 59,466 | $ 71,000 |
| Clay, South Dakota | 32 | $ 1,879,000 | $ 58,718 | $ 64,000 |
| Kingsbury, South Dakota | 27 | $ 2,105,000 | $ 77,962 | $ 55,000 |
| Moody, South Dakota | 27 | $ 1,002,000 | $ 37,111 | $ 46,000 |
| Hamlin, South Dakota | 19 | $ 1,232,000 | $ 64,842 | $ 83,000 |
| Grant, South Dakota | 12 | $ 991,000 | $ 82,583 | $ 37,000 |
| Deuel, South Dakota | 10 | $ 608,000 | $ 60,800 | $ 43,000 |
| Lake, South Dakota | 10 | $ 540,000 | $ 54,000 | $ 51,000 |
| Codington, South Dakota | 8 | $ 512,000 | $ 64,000 | $ 35,000 |
| Yankton, South Dakota | 3 | $ 124,000 | $ 41,333 | $ 31,000 |
| Lincoln, Minnesota | 2 | $ 234,000 | $ 117,000 | $ 25,000 |
| Redwood, Minnesota | 2 | $ 85,000 | $ 42,500 | $ 30,000 |
| Hughes, South Dakota | 2 | $ 120,000 | $ 60,000 | $ 62,000 |
| Lawrence, South Dakota | 2 | $ 80,000 | $ 40,000 | $ 37,000 |
| Lincoln, South Dakota | 2 | $ 141,000 | $ 70,500 | $ 74,000 |
| Potter, South Dakota | 2 | $ 77,000 | $ 38,500 | $ 37,000 |
| Spink, South Dakota | 2 | $ 72,000 | $ 36,000 | $ 27,000 |
| Big Stone, Minnesota | 1 | $ 98,000 | $ 98,000 | $ 80,000 |
| Hennepin, Minnesota | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Otter Tail, Minnesota | 1 | $ 26,000 | $ 26,000 | $ 78,000 |
| Ramsey, Minnesota | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Beadle, South Dakota | 1 | $ 39,000 | $ 39,000 | $ 59,000 |
| Brown, South Dakota | 1 | $ 105,000 | $ 105,000 | $ 29,000 |
| Davison, South Dakota | 1 | $ 45,000 | $ 45,000 | $ 51,000 |
| Hand, South Dakota | 1 | $ 70,000 | $ 70,000 | $ 106,000 |
| Jones, South Dakota | 1 | $ 98,000 | $ 98,000 | $ 61,000 |
| McCook, South Dakota | 1 | $ 18,000 | $ 18,000 | $ 31,000 |
| Miner, South Dakota | 1 | $ 250,000 | $ 250,000 | $ 29,000 |
| Roberts, South Dakota | 1 | $ 41,000 | $ 41,000 | $ 28,000 |
| Union, South Dakota | 1 | $ 52,000 | $ 52,000 | $ 84,000 |
| Tarrant, Texas | 1 | $ 11,000 | $ 11,000 | $ 71,000 |
| Weston, Wyoming | 1 | $ 5,000 | $ 5,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2007
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 | 370 | $37,186,000 | $100,000 | $1,000,000 | $61,000 | $574,000 |
| Refinancing | 195 | $13,676,000 | $70,000 | $346,000 | $70,000 | $489,000 |
| Home Improvement | 159 | $4,489,000 | $28,000 | $189,000 | $53,000 | $202,000 |
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 | 656 | $50,570,000 | $77,000 | $1,000,000 | $65,000 | $574,000 |
| Not applicable | 34 | $2,883,000 | $84,000 | $420,000 | $0 | $26,000 |
| Not Provided | 15 | $424,000 | $28,000 | $70,000 | $44,000 | $99,000 |
| American Indian or Alaskan Native | 7 | $250,000 | $35,000 | $145,000 | $43,000 | $67,000 |
| Hispanic | 6 | $560,000 | $93,000 | $250,000 | $53,000 | $130,000 |
| Black or African American | 4 | $392,000 | $98,000 | $170,000 | $135,000 | $135,000 |
| Asian | 2 | $272,000 | $136,000 | $175,000 | $65,000 | $77,000 |
| 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) | 678 | $51,124,000 | $75,000 | $1,000,000 | $63,000 | $574,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $3,560,000 | $86,000 | $181,000 | $39,000 | $71,000 |
| VA-guaranteed (Veterans Administration) | 5 | $667,000 | $133,000 | $175,000 | $61,000 | $74,000 |
| 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 | 635 | $50,473,000 | $79,000 | $1,000,000 | $63,000 | $574,000 |
| Application Denied By Financial Institution | 50 | $2,107,000 | $42,000 | $285,000 | $43,000 | $122,000 |
| Application Approved But Not Accepted | 34 | $2,627,000 | $77,000 | $271,000 | $64,000 | $385,000 |
| Application Withdrawn By Applicant | 5 | $144,000 | $28,000 | $40,000 | $30,000 | $45,000 |
| 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 2007 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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