First Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, First Bank & Trust of Brookings, SD reported 111 mortgage applications totaling $20.0 million. The average application was for $179,954, and applicants reported an average income of $111,630. 75% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (97), Mankato-North Mankato, MN (1) and Rochester, MN (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 | 111 |
| Total Mortgage Loan Application Amount | $19,975,000 |
| Average Mortgage Loan Application Amount | $179,954 |
| Highest Mortgage Loan Application Amount | $2,363,000 |
| Average Applicant Income | $111,630 |
| Highest Applicant Income | $506,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Scott, Minnesota | 30 | $ 5,414,000 | $ 180,466 | $ 102,000 |
| Le Sueur, Minnesota | 25 | $ 4,006,000 | $ 160,240 | $ 89,000 |
| Isanti, Minnesota | 13 | $ 1,402,000 | $ 107,846 | $ 167,000 |
| Rice, Minnesota | 9 | $ 1,828,000 | $ 203,111 | $ 114,000 |
| Anoka, Minnesota | 6 | $ 516,000 | $ 86,000 | $ 67,000 |
| Hennepin, Minnesota | 6 | $ 1,075,000 | $ 179,166 | $ 140,000 |
| Mille Lacs, Minnesota | 6 | $ 478,000 | $ 79,666 | $ 80,000 |
| Washington, Minnesota | 4 | $ 1,247,000 | $ 311,750 | $ 116,000 |
| Ramsey, Minnesota | 3 | $ 687,000 | $ 229,000 | $ 134,000 |
| Chisago, Minnesota | 2 | $ 179,000 | $ 89,500 | $ 124,000 |
| Carver, Minnesota | 1 | $ 96,000 | $ 96,000 | $ 245,000 |
| Crow Wing, Minnesota | 1 | $ 60,000 | $ 60,000 | $ 53,000 |
| Itasca, Minnesota | 1 | $ 69,000 | $ 69,000 | $ 127,000 |
| Nicollet, Minnesota | 1 | $ 2,363,000 | $ 2,363,000 | $ 0 |
| Olmsted, Minnesota | 1 | $ 460,000 | $ 460,000 | $ 473,000 |
| Sherburne, Minnesota | 1 | $ 35,000 | $ 35,000 | $ 46,000 |
| Watonwan, Minnesota | 1 | $ 60,000 | $ 60,000 | $ 163,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2017
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 | 52 | $12,219,000 | $234,000 | $2,363,000 | $122,000 | $506,000 |
| Refinancing | 44 | $6,746,000 | $153,000 | $670,000 | $103,000 | $334,000 |
| Home Improvement | 15 | $1,010,000 | $67,000 | $289,000 | $101,000 | $259,000 |
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 | 88 | $14,281,000 | $162,000 | $516,000 | $128,000 | $506,000 |
| Not Provided | 13 | $1,785,000 | $137,000 | $380,000 | $69,000 | $152,000 |
| Not applicable | 7 | $3,640,000 | $520,000 | $2,363,000 | $0 | $0 |
| Asian | 1 | $11,000 | $11,000 | $11,000 | $76,000 | $76,000 |
| Black or African American | 1 | $118,000 | $118,000 | $118,000 | $64,000 | $64,000 |
| Hispanic | 1 | $140,000 | $140,000 | $140,000 | $80,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 110 | $19,885,000 | $180,000 | $2,363,000 | $113,000 | $506,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $90,000 | $90,000 | $90,000 | $20,000 | $20,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 83 | $15,708,000 | $189,000 | $2,363,000 | $120,000 | $506,000 |
| Application Denied By Financial Institution | 15 | $1,971,000 | $131,000 | $417,000 | $54,000 | $176,000 |
| Application Approved But Not Accepted | 7 | $1,288,000 | $184,000 | $424,000 | $151,000 | $334,000 |
| Application Withdrawn By Applicant | 5 | $946,000 | $189,000 | $380,000 | $100,000 | $163,000 |
| File Closed For Incompleteness | 1 | $62,000 | $62,000 | $62,000 | $47,000 | $47,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $76,000 | $25,000 | $55,000 | $0 | $0 |
| Debt-To-Income Ratio | 1 | $11,000 | $11,000 | $11,000 | $76,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $109,000 | $109,000 | $109,000 | $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 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2017 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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