First Bank & Trust Mortgage Lending & HMDA Data, 2011
In 2011, First Bank & Trust of Brookings, SD reported 930 mortgage applications totaling $99.7 million, down 9% from 2010. The average application was for $107,150, and applicants reported an average income of $77,735. 80% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Sioux Falls, SD (37), Rapid City, SD (6) 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 | 930 |
| Total Mortgage Loan Application Amount | $99,650,000 |
| Average Mortgage Loan Application Amount | $107,150 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $77,735 |
| Highest Applicant Income | $1,429,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 618 | $ 66,310,000 | $ 107,297 | $ 71,000 |
| Clay, South Dakota | 46 | $ 7,002,000 | $ 152,217 | $ 63,000 |
| Grant, South Dakota | 40 | $ 4,936,000 | $ 123,400 | $ 69,000 |
| Kingsbury, South Dakota | 32 | $ 2,468,000 | $ 77,125 | $ 56,000 |
| Minnehaha, South Dakota | 29 | $ 1,737,000 | $ 59,896 | $ 80,000 |
| Lake, South Dakota | 22 | $ 2,420,000 | $ 110,000 | $ 84,000 |
| Moody, South Dakota | 19 | $ 1,270,000 | $ 66,842 | $ 88,000 |
| Big Stone, Minnesota | 18 | $ 2,122,000 | $ 117,888 | $ 60,000 |
| Deuel, South Dakota | 18 | $ 1,359,000 | $ 75,500 | $ 55,000 |
| Hamlin, South Dakota | 13 | $ 1,593,000 | $ 122,538 | $ 184,000 |
| Codington, South Dakota | 12 | $ 1,437,000 | $ 119,750 | $ 98,000 |
| Hughes, South Dakota | 8 | $ 836,000 | $ 104,500 | $ 119,000 |
| Lincoln, South Dakota | 7 | $ 1,310,000 | $ 187,142 | $ 542,000 |
| Roberts, South Dakota | 7 | $ 1,153,000 | $ 164,714 | $ 156,000 |
| Pennington, South Dakota | 5 | $ 337,000 | $ 67,400 | $ 92,000 |
| Lincoln, Minnesota | 4 | $ 453,000 | $ 113,250 | $ 23,000 |
| Lyman, South Dakota | 4 | $ 150,000 | $ 37,500 | $ 96,000 |
| Rock, Minnesota | 3 | $ 140,000 | $ 46,666 | $ 59,000 |
| Yankton, South Dakota | 3 | $ 213,000 | $ 71,000 | $ 54,000 |
| Kandiyohi, Minnesota | 2 | $ 223,000 | $ 111,500 | $ 162,000 |
| Mellette, South Dakota | 2 | $ 149,000 | $ 74,500 | $ 47,000 |
| Stanley, South Dakota | 2 | $ 132,000 | $ 66,000 | $ 129,000 |
| Union, South Dakota | 2 | $ 50,000 | $ 25,000 | $ 87,000 |
| Plymouth, Iowa | 1 | $ 251,000 | $ 251,000 | $ 67,000 |
| Woodbury, Iowa | 1 | $ 7,000 | $ 7,000 | $ 36,000 |
| Clay, Minnesota | 1 | $ 184,000 | $ 184,000 | $ 64,000 |
| Hennepin, Minnesota | 1 | $ 400,000 | $ 400,000 | $ 600,000 |
| Hubbard, Minnesota | 1 | $ 146,000 | $ 146,000 | $ 135,000 |
| Pipestone, Minnesota | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Westchester, New York | 1 | $ 136,000 | $ 136,000 | $ 87,000 |
| Beadle, South Dakota | 1 | $ 90,000 | $ 90,000 | $ 70,000 |
| Brown, South Dakota | 1 | $ 64,000 | $ 64,000 | $ 43,000 |
| Dewey, South Dakota | 1 | $ 53,000 | $ 53,000 | $ 44,000 |
| Lawrence, South Dakota | 1 | $ 118,000 | $ 118,000 | $ 190,000 |
| McPherson, South Dakota | 1 | $ 21,000 | $ 21,000 | $ 50,000 |
| Meade, South Dakota | 1 | $ 160,000 | $ 160,000 | $ 62,000 |
| Turner, South Dakota | 1 | $ 25,000 | $ 25,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2011
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 | 419 | $47,036,000 | $112,000 | $1,198,000 | $80,000 | $1,309,000 |
| Home Purchase | 375 | $46,076,000 | $122,000 | $1,400,000 | $82,000 | $1,429,000 |
| Home Improvement | 136 | $6,538,000 | $48,000 | $825,000 | $59,000 | $314,000 |
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 | 862 | $91,917,000 | $106,000 | $1,400,000 | $81,000 | $1,429,000 |
| Not applicable | 36 | $5,216,000 | $144,000 | $1,198,000 | $0 | $0 |
| Not Provided | 20 | $1,498,000 | $74,000 | $264,000 | $62,000 | $144,000 |
| Asian | 7 | $582,000 | $83,000 | $199,000 | $79,000 | $132,000 |
| Hispanic | 3 | $217,000 | $72,000 | $148,000 | $93,000 | $133,000 |
| American Indian or Alaskan Native | 2 | $220,000 | $110,000 | $186,000 | $106,000 | $106,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 844 | $88,798,000 | $105,000 | $1,400,000 | $81,000 | $1,429,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 63 | $7,750,000 | $123,000 | $230,000 | $43,000 | $81,000 |
| FHA-insured (Federal Housing Administration) | 15 | $2,124,000 | $141,000 | $229,000 | $58,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 8 | $978,000 | $122,000 | $209,000 | $47,000 | $79,000 |
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 | 740 | $80,566,000 | $108,000 | $1,198,000 | $81,000 | $1,429,000 |
| Application Approved But Not Accepted | 91 | $9,608,000 | $105,000 | $700,000 | $77,000 | $563,000 |
| Application Denied By Financial Institution | 91 | $7,696,000 | $84,000 | $520,000 | $53,000 | $190,000 |
| Application Withdrawn By Applicant | 8 | $1,780,000 | $222,000 | $1,400,000 | $50,000 | $131,000 |
| 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 2011 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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