First Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, First Bank & Trust of Brookings, SD reported 1,025 mortgage applications totaling $102.0 million, down 19% from 2009. The average application was for $99,480, and applicants reported an average income of $69,413. 85% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Sioux Falls, SD (25), Minneapolis-St. Paul-Bloomington, MN-WI (4) and Rapid City, 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 | 1,025 |
| Total Mortgage Loan Application Amount | $101,967,000 |
| Average Mortgage Loan Application Amount | $99,480 |
| Highest Mortgage Loan Application Amount | $646,000 |
| Average Applicant Income | $69,413 |
| Highest Applicant Income | $1,025,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 674 | $ 70,064,000 | $ 103,952 | $ 69,000 |
| Clay, South Dakota | 63 | $ 5,426,000 | $ 86,126 | $ 75,000 |
| Grant, South Dakota | 57 | $ 6,778,000 | $ 118,912 | $ 70,000 |
| Moody, South Dakota | 35 | $ 2,596,000 | $ 74,171 | $ 62,000 |
| Kingsbury, South Dakota | 34 | $ 2,213,000 | $ 65,088 | $ 54,000 |
| Deuel, South Dakota | 23 | $ 1,490,000 | $ 64,782 | $ 62,000 |
| Minnehaha, South Dakota | 22 | $ 1,829,000 | $ 83,136 | $ 57,000 |
| Hamlin, South Dakota | 19 | $ 1,694,000 | $ 89,157 | $ 67,000 |
| Lake, South Dakota | 17 | $ 1,846,000 | $ 108,588 | $ 98,000 |
| Big Stone, Minnesota | 8 | $ 768,000 | $ 96,000 | $ 84,000 |
| Roberts, South Dakota | 7 | $ 962,000 | $ 137,428 | $ 104,000 |
| Codington, South Dakota | 6 | $ 794,000 | $ 132,333 | $ 59,000 |
| Lawrence, South Dakota | 6 | $ 571,000 | $ 95,166 | $ 58,000 |
| Lyman, South Dakota | 6 | $ 575,000 | $ 95,833 | $ 110,000 |
| Stanley, South Dakota | 4 | $ 328,000 | $ 82,000 | $ 61,000 |
| Yankton, South Dakota | 4 | $ 276,000 | $ 69,000 | $ 54,000 |
| Lincoln, South Dakota | 3 | $ 721,000 | $ 240,333 | $ 149,000 |
| Hennepin, Minnesota | 2 | $ 207,000 | $ 103,500 | $ 52,000 |
| Kandiyohi, Minnesota | 2 | $ 126,000 | $ 63,000 | $ 13,000 |
| Lincoln, Minnesota | 2 | $ 7,000 | $ 3,500 | $ 48,000 |
| Pipestone, Minnesota | 2 | $ 210,000 | $ 105,000 | $ 15,000 |
| Rock, Minnesota | 2 | $ 15,000 | $ 7,500 | $ 48,000 |
| Yellow Medicine, Minnesota | 2 | $ 73,000 | $ 36,500 | $ 55,000 |
| Brown, South Dakota | 2 | $ 221,000 | $ 110,500 | $ 90,000 |
| Hughes, South Dakota | 2 | $ 398,000 | $ 199,000 | $ 121,000 |
| Pennington, South Dakota | 2 | $ 299,000 | $ 149,500 | $ 107,000 |
| Dickinson, Iowa | 1 | $ 20,000 | $ 20,000 | $ 156,000 |
| Clay, Minnesota | 1 | $ 10,000 | $ 10,000 | $ 61,000 |
| Dakota, Minnesota | 1 | $ 90,000 | $ 90,000 | $ 63,000 |
| Douglas, Minnesota | 1 | $ 240,000 | $ 240,000 | $ 63,000 |
| Lyon, Minnesota | 1 | $ 248,000 | $ 248,000 | $ 110,000 |
| Murray, Minnesota | 1 | $ 46,000 | $ 46,000 | $ 144,000 |
| Nicollet, Minnesota | 1 | $ 100,000 | $ 100,000 | $ 112,000 |
| Scott, Minnesota | 1 | $ 246,000 | $ 246,000 | $ 81,000 |
| Lancaster, Nebraska | 1 | $ 3,000 | $ 3,000 | $ 70,000 |
| Bon Homme, South Dakota | 1 | $ 3,000 | $ 3,000 | $ 22,000 |
| Day, South Dakota | 1 | $ 37,000 | $ 37,000 | $ 35,000 |
| Hand, South Dakota | 1 | $ 110,000 | $ 110,000 | $ 58,000 |
| Meade, South Dakota | 1 | $ 100,000 | $ 100,000 | $ 44,000 |
| Tripp, South Dakota | 1 | $ 110,000 | $ 110,000 | $ 32,000 |
| Union, South Dakota | 1 | $ 76,000 | $ 76,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2010
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 | 417 | $46,319,000 | $111,000 | $646,000 | $75,000 | $372,000 |
| Home Purchase | 398 | $44,914,000 | $112,000 | $475,000 | $68,000 | $1,025,000 |
| Home Improvement | 210 | $10,734,000 | $51,000 | $230,000 | $61,000 | $285,000 |
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 | 971 | $96,836,000 | $99,000 | $646,000 | $71,000 | $1,025,000 |
| Not applicable | 17 | $2,015,000 | $118,000 | $475,000 | $0 | $0 |
| Not Provided | 15 | $895,000 | $59,000 | $355,000 | $53,000 | $172,000 |
| Asian | 15 | $1,782,000 | $118,000 | $341,000 | $78,000 | $202,000 |
| Hispanic | 3 | $222,000 | $74,000 | $125,000 | $19,000 | $41,000 |
| Black or African American | 2 | $9,000 | $4,000 | $6,000 | $49,000 | $62,000 |
| American Indian or Alaskan Native | 2 | $208,000 | $104,000 | $204,000 | $48,000 | $49,000 |
| 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) | 925 | $89,878,000 | $97,000 | $646,000 | $72,000 | $1,025,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 63 | $7,422,000 | $117,000 | $219,000 | $42,000 | $74,000 |
| FHA-insured (Federal Housing Administration) | 28 | $3,232,000 | $115,000 | $246,000 | $51,000 | $117,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,435,000 | $159,000 | $270,000 | $69,000 | $133,000 |
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 | 868 | $89,172,000 | $102,000 | $646,000 | $72,000 | $1,025,000 |
| Application Approved But Not Accepted | 79 | $6,935,000 | $87,000 | $394,000 | $62,000 | $225,000 |
| Application Denied By Financial Institution | 69 | $5,246,000 | $76,000 | $417,000 | $52,000 | $333,000 |
| Application Withdrawn By Applicant | 9 | $614,000 | $68,000 | $125,000 | $43,000 | $69,000 |
| 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 2010 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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