First Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, First Bank & Trust of Brookings, SD reported 2,118 mortgage applications totaling $534.5 million, up 187% from 2019. The average application was for $252,360, and applicants reported an average income of $122,273. 84% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (502), Sioux Falls, SD (347) and Sioux City, IA-NE-SD (6) (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 | 2,118 |
| Total Mortgage Loan Application Amount | $534,500,000 |
| Average Mortgage Loan Application Amount | $252,360 |
| Highest Mortgage Loan Application Amount | $28,805,000 |
| Average Applicant Income | $122,273 |
| Highest Applicant Income | $2,082,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 605 | $ 137,275,000 | $ 226,900 | $ 114,000 |
| Minnehaha, South Dakota | 235 | $ 81,535,000 | $ 346,957 | $ 114,000 |
| Pipestone, Minnesota | 137 | $ 19,745,000 | $ 144,124 | $ 106,000 |
| Lincoln, South Dakota | 105 | $ 27,825,000 | $ 265,000 | $ 165,000 |
| Hennepin, Minnesota | 97 | $ 34,015,000 | $ 350,670 | $ 166,000 |
| Scott, Minnesota | 91 | $ 22,295,000 | $ 245,000 | $ 118,000 |
| Grant, South Dakota | 86 | $ 14,080,000 | $ 163,720 | $ 91,000 |
| Le Sueur, Minnesota | 79 | $ 16,215,000 | $ 205,253 | $ 107,000 |
| Isanti, Minnesota | 67 | $ 17,055,000 | $ 254,552 | $ 108,000 |
| Clay, South Dakota | 37 | $ 7,365,000 | $ 199,054 | $ 111,000 |
| Anoka, Minnesota | 34 | $ 8,960,000 | $ 263,529 | $ 113,000 |
| Rice, Minnesota | 31 | $ 6,885,000 | $ 222,096 | $ 139,000 |
| Codington, South Dakota | 28 | $ 6,460,000 | $ 230,714 | $ 113,000 |
| Dakota, Minnesota | 26 | $ 6,690,000 | $ 257,307 | $ 146,000 |
| Lincoln, Minnesota | 25 | $ 3,365,000 | $ 134,600 | $ 121,000 |
| Deuel, South Dakota | 25 | $ 3,315,000 | $ 132,600 | $ 104,000 |
| Moody, South Dakota | 25 | $ 5,305,000 | $ 212,200 | $ 117,000 |
| Carver, Minnesota | 23 | $ 8,525,000 | $ 370,652 | $ 226,000 |
| Kingsbury, South Dakota | 18 | $ 2,960,000 | $ 164,444 | $ 69,000 |
| Hamlin, South Dakota | 17 | $ 4,305,000 | $ 253,235 | $ 164,000 |
| Chisago, Minnesota | 16 | $ 3,350,000 | $ 209,375 | $ 121,000 |
| Washington, Minnesota | 16 | $ 4,380,000 | $ 273,750 | $ 151,000 |
| Sherburne, Minnesota | 15 | $ 2,375,000 | $ 158,333 | $ 116,000 |
| Lake, South Dakota | 15 | $ 3,885,000 | $ 259,000 | $ 187,000 |
| Roberts, South Dakota | 15 | $ 2,615,000 | $ 174,333 | $ 104,000 |
| Ramsey, Minnesota | 13 | $ 2,885,000 | $ 221,923 | $ 115,000 |
| Wright, Minnesota | 13 | $ 15,495,000 | $ 1,191,923 | $ 150,000 |
| Big Stone, Minnesota | 11 | $ 1,965,000 | $ 178,636 | $ 87,000 |
| Lyon, Minnesota | 10 | $ 1,650,000 | $ 165,000 | $ 93,000 |
| Douglas, Minnesota | 7 | $ 1,695,000 | $ 242,142 | $ 157,000 |
| Mille Lacs, Minnesota | 7 | $ 1,155,000 | $ 165,000 | $ 62,000 |
| Murray, Minnesota | 7 | $ 1,265,000 | $ 180,714 | $ 103,000 |
| Hughes, South Dakota | 7 | $ 1,915,000 | $ 273,571 | $ 229,000 |
| Rock, Minnesota | 6 | $ 1,030,000 | $ 171,666 | $ 85,000 |
| Turner, South Dakota | 6 | $ 710,000 | $ 118,333 | $ 73,000 |
| Union, South Dakota | 6 | $ 1,190,000 | $ 198,333 | $ 98,000 |
| Day, South Dakota | 5 | $ 1,205,000 | $ 241,000 | $ 92,000 |
| Maricopa, Arizona | 4 | $ 1,440,000 | $ 360,000 | $ 437,000 |
| Dickinson, Iowa | 4 | $ 1,150,000 | $ 287,500 | $ 390,000 |
| Crow Wing, Minnesota | 4 | $ 810,000 | $ 202,500 | $ 163,000 |
| Kandiyohi, Minnesota | 4 | $ 1,760,000 | $ 440,000 | $ 392,000 |
| Sibley, Minnesota | 4 | $ 990,000 | $ 247,500 | $ 109,000 |
| Lawrence, South Dakota | 4 | $ 1,240,000 | $ 310,000 | $ 307,000 |
| Pennington, South Dakota | 4 | $ 870,000 | $ 217,500 | $ 84,000 |
| Stanley, South Dakota | 4 | $ 660,000 | $ 165,000 | $ 67,000 |
| St. Croix, Wisconsin | 4 | $ 2,580,000 | $ 645,000 | $ 0 |
| Blue Earth, Minnesota | 3 | $ 665,000 | $ 221,666 | $ 84,000 |
| Chippewa, Minnesota | 3 | $ 185,000 | $ 61,666 | $ 36,000 |
| Hubbard, Minnesota | 3 | $ 235,000 | $ 78,333 | $ 68,000 |
| Kanabec, Minnesota | 3 | $ 435,000 | $ 145,000 | $ 66,000 |
| Lac qui Parle, Minnesota | 3 | $ 405,000 | $ 135,000 | $ 61,000 |
| Steele, Minnesota | 3 | $ 535,000 | $ 178,333 | $ 96,000 |
| Yellow Medicine, Minnesota | 3 | $ 165,000 | $ 55,000 | $ 90,000 |
| Lyman, South Dakota | 3 | $ 625,000 | $ 208,333 | $ 91,000 |
| Yankton, South Dakota | 3 | $ 935,000 | $ 311,666 | $ 131,000 |
| Lee, Florida | 2 | $ 400,000 | $ 200,000 | $ 102,000 |
| Cook, Illinois | 2 | $ 560,000 | $ 280,000 | $ 82,000 |
| Aitkin, Minnesota | 2 | $ 450,000 | $ 225,000 | $ 150,000 |
| Cottonwood, Minnesota | 2 | $ 100,000 | $ 50,000 | $ 35,000 |
| Lake, Minnesota | 2 | $ 490,000 | $ 245,000 | $ 218,000 |
| Pine, Minnesota | 2 | $ 470,000 | $ 235,000 | $ 100,000 |
| Winona, Minnesota | 2 | $ 530,000 | $ 265,000 | $ 96,000 |
| Grand Forks, North Dakota | 2 | $ 550,000 | $ 275,000 | $ 258,000 |
| Providence, Rhode Island | 2 | $ 620,000 | $ 310,000 | $ 94,000 |
| Beadle, South Dakota | 2 | $ 280,000 | $ 140,000 | $ 64,000 |
| Brown, South Dakota | 2 | $ 280,000 | $ 140,000 | $ 96,000 |
| Davison, South Dakota | 2 | $ 290,000 | $ 145,000 | $ 104,000 |
| Hutchinson, South Dakota | 2 | $ 340,000 | $ 170,000 | $ 90,000 |
| Sawyer, Wisconsin | 2 | $ 1,030,000 | $ 515,000 | $ 133,000 |
| Tuscaloosa, Alabama | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| Anchorage, Alaska | 1 | $ 225,000 | $ 225,000 | $ 53,000 |
| Mohave, Arizona | 1 | $ 385,000 | $ 385,000 | $ 220,000 |
| Pima, Arizona | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Arapahoe, Colorado | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
| Broomfield, Colorado | 1 | $ 275,000 | $ 275,000 | $ 68,000 |
| Collier, Florida | 1 | $ 515,000 | $ 515,000 | $ 377,000 |
| Hillsborough, Florida | 1 | $ 215,000 | $ 215,000 | $ 242,000 |
| Dallas, Iowa | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Linn, Iowa | 1 | $ 245,000 | $ 245,000 | $ 122,000 |
| Lyon, Iowa | 1 | $ 485,000 | $ 485,000 | $ 82,000 |
| Anne Arundel, Maryland | 1 | $ 305,000 | $ 305,000 | $ 290,000 |
| Bristol, Massachusetts | 1 | $ 285,000 | $ 285,000 | $ 250,000 |
| Essex, Massachusetts | 1 | $ 455,000 | $ 455,000 | $ 147,000 |
| Benton, Minnesota | 1 | $ 515,000 | $ 515,000 | $ 38,000 |
| Brown, Minnesota | 1 | $ 305,000 | $ 305,000 | $ 115,000 |
| Cass, Minnesota | 1 | $ 335,000 | $ 335,000 | $ 133,000 |
| Martin, Minnesota | 1 | $ 75,000 | $ 75,000 | $ 195,000 |
| McLeod, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 98,000 |
| Meeker, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 53,000 |
| Morrison, Minnesota | 1 | $ 115,000 | $ 115,000 | $ 188,000 |
| Mower, Minnesota | 1 | $ 3,405,000 | $ 3,405,000 | $ 0 |
| Nicollet, Minnesota | 1 | $ 75,000 | $ 75,000 | $ 32,000 |
| Nobles, Minnesota | 1 | $ 3,395,000 | $ 3,395,000 | $ 0 |
| Otter Tail, Minnesota | 1 | $ 305,000 | $ 305,000 | $ 164,000 |
| St. Louis, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 70,000 |
| Stearns, Minnesota | 1 | $ 8,505,000 | $ 8,505,000 | $ 0 |
| Stevens, Minnesota | 1 | $ 435,000 | $ 435,000 | $ 304,000 |
| Traverse, Minnesota | 1 | $ 275,000 | $ 275,000 | $ 131,000 |
| Waseca, Minnesota | 1 | $ 155,000 | $ 155,000 | $ 68,000 |
| Cascade, Montana | 1 | $ 255,000 | $ 255,000 | $ 91,000 |
| Douglas, Nebraska | 1 | $ 315,000 | $ 315,000 | $ 286,000 |
| Sarpy, Nebraska | 1 | $ 215,000 | $ 215,000 | $ 70,000 |
| Sandoval, New Mexico | 1 | $ 295,000 | $ 295,000 | $ 106,000 |
| Johnston, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 190,000 |
| Cass, North Dakota | 1 | $ 155,000 | $ 155,000 | $ 95,000 |
| Franklin, Ohio | 1 | $ 265,000 | $ 265,000 | $ 57,000 |
| Warren, Ohio | 1 | $ 305,000 | $ 305,000 | $ 267,000 |
| Pickens, South Carolina | 1 | $ 85,000 | $ 85,000 | $ 71,000 |
| Aurora, South Dakota | 1 | $ 265,000 | $ 265,000 | $ 89,000 |
| Clark, South Dakota | 1 | $ 195,000 | $ 195,000 | $ 112,000 |
| Custer, South Dakota | 1 | $ 235,000 | $ 235,000 | $ 132,000 |
| Edmunds, South Dakota | 1 | $ 25,000 | $ 25,000 | $ 42,000 |
| Gregory, South Dakota | 1 | $ 225,000 | $ 225,000 | $ 55,000 |
| Marshall, South Dakota | 1 | $ 265,000 | $ 265,000 | $ 96,000 |
| McCook, South Dakota | 1 | $ 165,000 | $ 165,000 | $ 100,000 |
| Meade, South Dakota | 1 | $ 265,000 | $ 265,000 | $ 112,000 |
| Spink, South Dakota | 1 | $ 75,000 | $ 75,000 | $ 62,000 |
| Tripp, South Dakota | 1 | $ 335,000 | $ 335,000 | $ 223,000 |
| Montgomery, Tennessee | 1 | $ 195,000 | $ 195,000 | $ 61,000 |
| Shelby, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 107,000 |
| Chambers, Texas | 1 | $ 445,000 | $ 445,000 | $ 190,000 |
| Harris, Texas | 1 | $ 325,000 | $ 325,000 | $ 102,000 |
| Montgomery, Texas | 1 | $ 285,000 | $ 285,000 | $ 88,000 |
| Gloucester, Virginia | 1 | $ 325,000 | $ 325,000 | $ 143,000 |
| Burnett, Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 206,000 |
| Eau Claire, Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 62,000 |
| Oneida, Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 267,000 |
| Pierce, Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Washburn, Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 134,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2020
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 | 900 | $216,110,000 | $240,000 | $9,725,000 | $127,000 | $1,285,000 |
| Home Purchase | 677 | $205,295,000 | $303,000 | $28,805,000 | $117,000 | $2,082,000 |
| Cash-out Refinancing | 499 | $109,005,000 | $218,000 | $635,000 | $120,000 | $1,199,000 |
| Other Purpose | 24 | $2,340,000 | $97,000 | $255,000 | $148,000 | $552,000 |
| Home Improvement | 18 | $1,750,000 | $97,000 | $305,000 | $113,000 | $430,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,862 | $401,040,000 | $215,000 | $1,445,000 | $123,000 | $2,082,000 |
| Not Provided | 124 | $24,990,000 | $201,000 | $515,000 | $114,000 | $585,000 |
| Not applicable | 71 | $94,975,000 | $1,337,000 | $28,805,000 | $0 | $0 |
| Asian | 23 | $5,905,000 | $256,000 | $505,000 | $154,000 | $481,000 |
| Hispanic | 22 | $4,190,000 | $190,000 | $515,000 | $112,000 | $425,000 |
| Black or African American | 9 | $2,245,000 | $249,000 | $385,000 | $102,000 | $183,000 |
| American Indian or Alaskan Native | 7 | $1,155,000 | $165,000 | $345,000 | $68,000 | $130,000 |
| 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) | 1,965 | $505,165,000 | $257,000 | $28,805,000 | $126,000 | $2,082,000 |
| VA-guaranteed (Veterans Administration) | 64 | $16,440,000 | $256,000 | $515,000 | $102,000 | $845,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 62 | $8,220,000 | $132,000 | $245,000 | $50,000 | $87,000 |
| FHA-insured (Federal Housing Administration) | 27 | $4,675,000 | $173,000 | $315,000 | $73,000 | $156,000 |
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 | 1,789 | $468,295,000 | $261,000 | $28,805,000 | $125,000 | $2,082,000 |
| Application Withdrawn By Applicant | 214 | $45,150,000 | $210,000 | $1,405,000 | $118,000 | $1,103,000 |
| Application Denied By Financial Institution | 105 | $18,935,000 | $180,000 | $1,445,000 | $82,000 | $1,199,000 |
| Application Approved But Not Accepted | 10 | $2,120,000 | $212,000 | $485,000 | $138,000 | $430,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,013 | $515,565,000 | $256,000 | $28,805,000 | $124,000 | $2,082,000 |
| Credit History | 59 | $8,835,000 | $149,000 | $365,000 | $75,000 | $180,000 |
| Debt-To-Income Ratio | 36 | $8,260,000 | $229,000 | $1,445,000 | $62,000 | $474,000 |
| Unverifiable Information | 4 | $650,000 | $162,000 | $275,000 | $134,000 | $134,000 |
| Collateral | 3 | $635,000 | $211,000 | $515,000 | $424,000 | $1,199,000 |
| Employment History | 2 | $270,000 | $135,000 | $205,000 | $71,000 | $74,000 |
| Other | 1 | $285,000 | $285,000 | $285,000 | $0 | $0 |
| Credit Application Incomplete | 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 2020 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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