First Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, First Bank & Trust of Brookings, SD reported 973 mortgage applications totaling $103.1 million, up 34% from 2007. The average application was for $105,948, and applicants reported an average income of $72,798. 91% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Sioux Falls, SD (59), Minneapolis-St. Paul-Bloomington, MN-WI (3) 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 | 973 |
| Total Mortgage Loan Application Amount | $103,088,000 |
| Average Mortgage Loan Application Amount | $105,948 |
| Highest Mortgage Loan Application Amount | $3,300,000 |
| Average Applicant Income | $72,798 |
| Highest Applicant Income | $3,896,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 657 | $ 72,385,000 | $ 110,175 | $ 77,000 |
| Minnehaha, South Dakota | 51 | $ 3,413,000 | $ 66,921 | $ 69,000 |
| Moody, South Dakota | 39 | $ 2,622,000 | $ 67,230 | $ 59,000 |
| Clay, South Dakota | 36 | $ 1,944,000 | $ 54,000 | $ 63,000 |
| Grant, South Dakota | 31 | $ 3,944,000 | $ 127,225 | $ 55,000 |
| Kingsbury, South Dakota | 29 | $ 1,748,000 | $ 60,275 | $ 62,000 |
| Hamlin, South Dakota | 20 | $ 1,853,000 | $ 92,650 | $ 36,000 |
| Lake, South Dakota | 14 | $ 1,534,000 | $ 109,571 | $ 80,000 |
| Big Stone, Minnesota | 10 | $ 1,559,000 | $ 155,900 | $ 72,000 |
| Deuel, South Dakota | 9 | $ 615,000 | $ 68,333 | $ 81,000 |
| Codington, South Dakota | 8 | $ 815,000 | $ 101,875 | $ 58,000 |
| Lincoln, Minnesota | 7 | $ 709,000 | $ 101,285 | $ 66,000 |
| Lincoln, South Dakota | 7 | $ 1,163,000 | $ 166,142 | $ 85,000 |
| Roberts, South Dakota | 5 | $ 909,000 | $ 181,800 | $ 62,000 |
| Lawrence, South Dakota | 4 | $ 904,000 | $ 226,000 | $ 113,000 |
| Yankton, South Dakota | 4 | $ 134,000 | $ 33,500 | $ 30,000 |
| Pipestone, Minnesota | 3 | $ 38,000 | $ 12,666 | $ 54,000 |
| Boulder, Colorado | 2 | $ 262,000 | $ 131,000 | $ 154,000 |
| Cook, Illinois | 2 | $ 817,000 | $ 408,500 | $ 224,000 |
| Chippewa, Minnesota | 2 | $ 155,000 | $ 77,500 | $ 79,000 |
| Ramsey, Minnesota | 2 | $ 182,000 | $ 91,000 | $ 65,000 |
| Rock, Minnesota | 2 | $ 26,000 | $ 13,000 | $ 57,000 |
| Lyman, South Dakota | 2 | $ 78,000 | $ 39,000 | $ 46,000 |
| Stanley, South Dakota | 2 | $ 218,000 | $ 109,000 | $ 53,000 |
| Union, South Dakota | 2 | $ 20,000 | $ 10,000 | $ 45,000 |
| Maricopa, Arizona | 1 | $ 89,000 | $ 89,000 | $ 180,000 |
| Woodbury, Iowa | 1 | $ 72,000 | $ 72,000 | $ 20,000 |
| Blue Earth, Minnesota | 1 | $ 3,300,000 | $ 3,300,000 | $ 0 |
| Lyon, Minnesota | 1 | $ 121,000 | $ 121,000 | $ 81,000 |
| Nobles, Minnesota | 1 | $ 152,000 | $ 152,000 | $ 60,000 |
| Washington, Minnesota | 1 | $ 173,000 | $ 173,000 | $ 60,000 |
| Brown, South Dakota | 1 | $ 116,000 | $ 116,000 | $ 53,000 |
| Butte, South Dakota | 1 | $ 10,000 | $ 10,000 | $ 13,000 |
| Gregory, South Dakota | 1 | $ 300,000 | $ 300,000 | $ 160,000 |
| Haakon, South Dakota | 1 | $ 8,000 | $ 8,000 | $ 40,000 |
| Hand, South Dakota | 1 | $ 92,000 | $ 92,000 | $ 68,000 |
| Hughes, South Dakota | 1 | $ 63,000 | $ 63,000 | $ 127,000 |
| Pennington, South Dakota | 1 | $ 5,000 | $ 5,000 | $ 29,000 |
| Turner, South Dakota | 1 | $ 25,000 | $ 25,000 | $ 108,000 |
| Alexandria, Virginia | 1 | $ 378,000 | $ 378,000 | $ 144,000 |
| Teton, Wyoming | 1 | $ 40,000 | $ 40,000 | $ 84,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2008
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 | 399 | $49,181,000 | $123,000 | $1,008,000 | $82,000 | $1,832,000 |
| Refinancing | 385 | $43,933,000 | $114,000 | $2,293,000 | $72,000 | $3,896,000 |
| Home Improvement | 189 | $9,974,000 | $52,000 | $3,300,000 | $55,000 | $167,000 |
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 | 913 | $81,056,000 | $88,000 | $2,065,000 | $76,000 | $3,896,000 |
| Not applicable | 36 | $19,296,000 | $536,000 | $3,300,000 | $0 | $0 |
| American Indian or Alaskan Native | 9 | $431,000 | $47,000 | $183,000 | $37,000 | $85,000 |
| Not Provided | 7 | $236,000 | $33,000 | $100,000 | $65,000 | $127,000 |
| Asian | 6 | $960,000 | $160,000 | $288,000 | $91,000 | $120,000 |
| Black or African American | 1 | $134,000 | $134,000 | $134,000 | $135,000 | $135,000 |
| Hispanic | 1 | $975,000 | $975,000 | $975,000 | $0 | $0 |
| 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) | 914 | $96,014,000 | $105,000 | $3,300,000 | $74,000 | $3,896,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 35 | $3,699,000 | $105,000 | $183,000 | $39,000 | $62,000 |
| FHA-insured (Federal Housing Administration) | 16 | $2,056,000 | $128,000 | $216,000 | $61,000 | $132,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,319,000 | $164,000 | $269,000 | $70,000 | $144,000 |
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 | 887 | $93,364,000 | $105,000 | $3,300,000 | $74,000 | $3,896,000 |
| Application Approved But Not Accepted | 51 | $5,840,000 | $114,000 | $379,000 | $65,000 | $341,000 |
| Application Denied By Financial Institution | 29 | $3,293,000 | $113,000 | $975,000 | $49,000 | $142,000 |
| Application Withdrawn By Applicant | 6 | $591,000 | $98,000 | $173,000 | $71,000 | $135,000 |
| 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 2008 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About