First Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First Bank & Trust of Brookings, SD reported 1,259 mortgage applications totaling $136.6 million, up 29% from 2008. The average application was for $108,478, and applicants reported an average income of $72,310. 87% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Sioux Falls, SD (64), Minneapolis-St. Paul-Bloomington, MN-WI (6) and Rapid City, SD (4) (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 | 1,259 |
| Total Mortgage Loan Application Amount | $136,574,000 |
| Average Mortgage Loan Application Amount | $108,478 |
| Highest Mortgage Loan Application Amount | $4,384,000 |
| Average Applicant Income | $72,310 |
| Highest Applicant Income | $1,300,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 852 | $ 95,123,000 | $ 111,646 | $ 72,000 |
| Grant, South Dakota | 60 | $ 7,302,000 | $ 121,700 | $ 60,000 |
| Minnehaha, South Dakota | 52 | $ 4,283,000 | $ 82,365 | $ 61,000 |
| Clay, South Dakota | 50 | $ 3,809,000 | $ 76,180 | $ 91,000 |
| Hamlin, South Dakota | 39 | $ 4,646,000 | $ 119,128 | $ 94,000 |
| Kingsbury, South Dakota | 34 | $ 2,636,000 | $ 77,529 | $ 59,000 |
| Moody, South Dakota | 27 | $ 2,112,000 | $ 78,222 | $ 58,000 |
| Big Stone, Minnesota | 16 | $ 2,101,000 | $ 131,312 | $ 64,000 |
| Deuel, South Dakota | 14 | $ 1,550,000 | $ 110,714 | $ 63,000 |
| Lake, South Dakota | 14 | $ 1,453,000 | $ 103,785 | $ 86,000 |
| Codington, South Dakota | 13 | $ 1,720,000 | $ 132,307 | $ 60,000 |
| Lincoln, South Dakota | 11 | $ 1,395,000 | $ 126,818 | $ 109,000 |
| Roberts, South Dakota | 11 | $ 1,961,000 | $ 178,272 | $ 105,000 |
| Lincoln, Minnesota | 9 | $ 921,000 | $ 102,333 | $ 29,000 |
| Yankton, South Dakota | 7 | $ 624,000 | $ 89,142 | $ 94,000 |
| Hennepin, Minnesota | 5 | $ 724,000 | $ 144,800 | $ 77,000 |
| Beadle, South Dakota | 5 | $ 257,000 | $ 51,400 | $ 55,000 |
| Lyman, South Dakota | 5 | $ 326,000 | $ 65,200 | $ 58,000 |
| Lawrence, South Dakota | 4 | $ 583,000 | $ 145,750 | $ 86,000 |
| Hughes, South Dakota | 3 | $ 366,000 | $ 122,000 | $ 78,000 |
| Pennington, South Dakota | 3 | $ 96,000 | $ 32,000 | $ 86,000 |
| Davison, South Dakota | 2 | $ 224,000 | $ 112,000 | $ 76,000 |
| Denver, Colorado | 1 | $ 23,000 | $ 23,000 | $ 0 |
| Chippewa, Minnesota | 1 | $ 112,000 | $ 112,000 | $ 46,000 |
| Clay, Minnesota | 1 | $ 184,000 | $ 184,000 | $ 61,000 |
| Isanti, Minnesota | 1 | $ 100,000 | $ 100,000 | $ 62,000 |
| Lac qui Parle, Minnesota | 1 | $ 66,000 | $ 66,000 | $ 273,000 |
| Lyon, Minnesota | 1 | $ 247,000 | $ 247,000 | $ 94,000 |
| Murray, Minnesota | 1 | $ 73,000 | $ 73,000 | $ 51,000 |
| Nobles, Minnesota | 1 | $ 182,000 | $ 182,000 | $ 57,000 |
| Pipestone, Minnesota | 1 | $ 136,000 | $ 136,000 | $ 98,000 |
| Steele, Minnesota | 1 | $ 156,000 | $ 156,000 | $ 80,000 |
| Swift, Minnesota | 1 | $ 79,000 | $ 79,000 | $ 119,000 |
| Mecklenburg, North Carolina | 1 | $ 10,000 | $ 10,000 | $ 22,000 |
| Brown, South Dakota | 1 | $ 60,000 | $ 60,000 | $ 41,000 |
| Custer, South Dakota | 1 | $ 150,000 | $ 150,000 | $ 282,000 |
| Hanson, South Dakota | 1 | $ 112,000 | $ 112,000 | $ 40,000 |
| Meade, South Dakota | 1 | $ 100,000 | $ 100,000 | $ 73,000 |
| Potter, South Dakota | 1 | $ 172,000 | $ 172,000 | $ 251,000 |
| Stanley, South Dakota | 1 | $ 173,000 | $ 173,000 | $ 171,000 |
| Turner, South Dakota | 1 | $ 62,000 | $ 62,000 | $ 19,000 |
| Union, South Dakota | 1 | $ 95,000 | $ 95,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 594 | $68,469,000 | $115,000 | $560,000 | $82,000 | $1,300,000 |
| Home Purchase | 444 | $54,752,000 | $123,000 | $4,384,000 | $60,000 | $270,000 |
| Home Improvement | 221 | $13,353,000 | $60,000 | $339,000 | $71,000 | $467,000 |
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 | 1,171 | $122,551,000 | $104,000 | $560,000 | $75,000 | $1,300,000 |
| Not applicable | 37 | $9,869,000 | $266,000 | $4,384,000 | $6,000 | $202,000 |
| Not Provided | 24 | $1,392,000 | $58,000 | $186,000 | $65,000 | $245,000 |
| Asian | 14 | $1,817,000 | $129,000 | $289,000 | $86,000 | $144,000 |
| Hispanic | 5 | $306,000 | $61,000 | $156,000 | $68,000 | $91,000 |
| Black or African American | 4 | $515,000 | $128,000 | $208,000 | $65,000 | $99,000 |
| American Indian or Alaskan Native | 4 | $124,000 | $31,000 | $73,000 | $36,000 | $51,000 |
| 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) | 1,153 | $123,450,000 | $107,000 | $4,384,000 | $75,000 | $1,300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 82 | $9,677,000 | $118,000 | $191,000 | $39,000 | $72,000 |
| FHA-insured (Federal Housing Administration) | 16 | $2,056,000 | $128,000 | $256,000 | $56,000 | $95,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,391,000 | $173,000 | $227,000 | $65,000 | $104,000 |
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 | 1,095 | $121,883,000 | $111,000 | $4,384,000 | $74,000 | $1,300,000 |
| Application Denied By Financial Institution | 79 | $6,692,000 | $84,000 | $400,000 | $43,000 | $138,000 |
| Application Approved But Not Accepted | 67 | $6,218,000 | $92,000 | $336,000 | $71,000 | $327,000 |
| Application Withdrawn By Applicant | 18 | $1,781,000 | $98,000 | $300,000 | $92,000 | $600,000 |
| 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 2009 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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