First Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, First Bank & Trust of Brookings, SD reported 610 mortgage applications totaling $118.5 million, up 450% from 2017. The average application was for $194,278, and applicants reported an average income of $122,126. 90% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (70), Sioux Falls, SD (19) 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 | 610 |
| Total Mortgage Loan Application Amount | $118,510,000 |
| Average Mortgage Loan Application Amount | $194,278 |
| Highest Mortgage Loan Application Amount | $7,005,000 |
| Average Applicant Income | $122,126 |
| Highest Applicant Income | $5,709,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 272 | $ 49,570,000 | $ 182,242 | $ 104,000 |
| Grant, South Dakota | 45 | $ 5,885,000 | $ 130,777 | $ 61,000 |
| Pipestone, Minnesota | 40 | $ 3,340,000 | $ 83,500 | $ 76,000 |
| Clay, South Dakota | 33 | $ 4,815,000 | $ 145,909 | $ 107,000 |
| Moody, South Dakota | 18 | $ 2,530,000 | $ 140,555 | $ 115,000 |
| Lincoln, Minnesota | 14 | $ 1,410,000 | $ 100,714 | $ 76,000 |
| Scott, Minnesota | 14 | $ 4,080,000 | $ 291,428 | $ 81,000 |
| Minnehaha, South Dakota | 14 | $ 2,020,000 | $ 144,285 | $ 75,000 |
| Le Sueur, Minnesota | 13 | $ 1,275,000 | $ 98,076 | $ 91,000 |
| Isanti, Minnesota | 11 | $ 1,025,000 | $ 93,181 | $ 111,000 |
| Big Stone, Minnesota | 10 | $ 1,430,000 | $ 143,000 | $ 81,000 |
| Hennepin, Minnesota | 10 | $ 3,960,000 | $ 396,000 | $ 369,000 |
| Deuel, South Dakota | 10 | $ 1,130,000 | $ 113,000 | $ 58,000 |
| Ramsey, Minnesota | 8 | $ 8,630,000 | $ 1,078,750 | $ 160,000 |
| Kingsbury, South Dakota | 7 | $ 1,145,000 | $ 163,571 | $ 85,000 |
| Roberts, South Dakota | 6 | $ 720,000 | $ 120,000 | $ 43,000 |
| Murray, Minnesota | 5 | $ 655,000 | $ 131,000 | $ 79,000 |
| Codington, South Dakota | 5 | $ 1,225,000 | $ 245,000 | $ 103,000 |
| Hamlin, South Dakota | 5 | $ 895,000 | $ 179,000 | $ 107,000 |
| Lake, South Dakota | 5 | $ 1,025,000 | $ 205,000 | $ 153,000 |
| Lincoln, South Dakota | 5 | $ 1,505,000 | $ 301,000 | $ 108,000 |
| Dakota, Minnesota | 4 | $ 4,230,000 | $ 1,057,500 | $ 173,000 |
| Rice, Minnesota | 4 | $ 190,000 | $ 47,500 | $ 92,000 |
| Pennington, South Dakota | 4 | $ 970,000 | $ 242,500 | $ 356,000 |
| Carver, Minnesota | 3 | $ 1,545,000 | $ 515,000 | $ 211,000 |
| Lac qui Parle, Minnesota | 3 | $ 665,000 | $ 221,666 | $ 73,000 |
| Mille Lacs, Minnesota | 3 | $ 65,000 | $ 21,666 | $ 80,000 |
| Lawrence, South Dakota | 3 | $ 325,000 | $ 108,333 | $ 97,000 |
| Yankton, South Dakota | 3 | $ 175,000 | $ 58,333 | $ 96,000 |
| Maricopa, Arizona | 2 | $ 1,000,000 | $ 500,000 | $ 5,709,000 |
| Aitkin, Minnesota | 2 | $ 3,000,000 | $ 1,500,000 | $ 97,000 |
| Anoka, Minnesota | 2 | $ 80,000 | $ 40,000 | $ 62,000 |
| Lyon, Minnesota | 2 | $ 330,000 | $ 165,000 | $ 81,000 |
| Hughes, South Dakota | 2 | $ 500,000 | $ 250,000 | $ 98,000 |
| Potter, South Dakota | 2 | $ 250,000 | $ 125,000 | $ 72,000 |
| Stanley, South Dakota | 2 | $ 30,000 | $ 15,000 | $ 128,000 |
| Walton, Florida | 1 | $ 245,000 | $ 245,000 | $ 93,000 |
| Blue Earth, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Chippewa, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 112,000 |
| Douglas, Minnesota | 1 | $ 155,000 | $ 155,000 | $ 158,000 |
| McLeod, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 41,000 |
| Olmsted, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Pine, Minnesota | 1 | $ 3,665,000 | $ 3,665,000 | $ 0 |
| Pope, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 185,000 |
| Stevens, Minnesota | 1 | $ 405,000 | $ 405,000 | $ 144,000 |
| Swift, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 51,000 |
| Traverse, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 238,000 |
| Washington, Minnesota | 1 | $ 375,000 | $ 375,000 | $ 54,000 |
| Wright, Minnesota | 1 | $ 115,000 | $ 115,000 | $ 76,000 |
| Yellow Medicine, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 113,000 |
| Merrimack, New Hampshire | 1 | $ 395,000 | $ 395,000 | $ 110,000 |
| Brown, South Dakota | 1 | $ 305,000 | $ 305,000 | $ 126,000 |
| Davison, South Dakota | 1 | $ 195,000 | $ 195,000 | $ 93,000 |
| Day, South Dakota | 1 | $ 85,000 | $ 85,000 | $ 41,000 |
| Ashland, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2018
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 | 328 | $67,300,000 | $205,000 | $5,985,000 | $104,000 | $1,278,000 |
| Refinancing | 179 | $40,685,000 | $227,000 | $7,005,000 | $141,000 | $5,709,000 |
| Cash-out Refinancing | 47 | $6,845,000 | $145,000 | $365,000 | $89,000 | $350,000 |
| Other Purpose | 29 | $1,795,000 | $61,000 | $455,000 | $288,000 | $5,709,000 |
| Home Improvement | 25 | $1,575,000 | $63,000 | $245,000 | $95,000 | $184,000 |
| Not Applicable | 2 | $310,000 | $155,000 | $245,000 | $118,000 | $180,000 |
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 | 534 | $79,570,000 | $149,000 | $1,485,000 | $123,000 | $5,709,000 |
| Not applicable | 39 | $33,465,000 | $858,000 | $7,005,000 | $0 | $0 |
| Not Provided | 17 | $1,985,000 | $116,000 | $215,000 | $127,000 | $416,000 |
| Hispanic | 10 | $1,710,000 | $171,000 | $395,000 | $83,000 | $156,000 |
| Asian | 4 | $910,000 | $227,000 | $395,000 | $171,000 | $258,000 |
| Black or African American | 3 | $535,000 | $178,000 | $245,000 | $92,000 | $113,000 |
| American Indian or Alaskan Native | 3 | $335,000 | $111,000 | $215,000 | $70,000 | $79,000 |
| 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) | 537 | $107,175,000 | $199,000 | $7,005,000 | $131,000 | $5,709,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $5,685,000 | $138,000 | $245,000 | $52,000 | $75,000 |
| VA-guaranteed (Veterans Administration) | 21 | $3,915,000 | $186,000 | $365,000 | $78,000 | $144,000 |
| FHA-insured (Federal Housing Administration) | 11 | $1,735,000 | $157,000 | $245,000 | $79,000 | $116,000 |
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 | 550 | $110,270,000 | $200,000 | $7,005,000 | $124,000 | $5,709,000 |
| Application Withdrawn By Applicant | 24 | $3,940,000 | $164,000 | $385,000 | $98,000 | $289,000 |
| Application Denied By Financial Institution | 22 | $2,100,000 | $95,000 | $245,000 | $62,000 | $122,000 |
| Application Approved But Not Accepted | 13 | $2,185,000 | $168,000 | $455,000 | $201,000 | $821,000 |
| File Closed For Incompleteness | 1 | $15,000 | $15,000 | $15,000 | $26,000 | $26,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 588 | $116,410,000 | $197,000 | $7,005,000 | $125,000 | $5,709,000 |
| Credit History | 11 | $985,000 | $89,000 | $245,000 | $54,000 | $114,000 |
| Debt-To-Income Ratio | 9 | $805,000 | $89,000 | $235,000 | $64,000 | $108,000 |
| Employment History | 1 | $225,000 | $225,000 | $225,000 | $122,000 | $122,000 |
| Collateral | 1 | $85,000 | $85,000 | $85,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2018 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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with aggregated HMDA statistics today.
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