First Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, First Bank & Trust of Brookings, SD reported 3,565 mortgage applications totaling $823.1 million, up 68% from 2020. The average application was for $230,887, and applicants reported an average income of $129,221. 80% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (1,255), Minneapolis-St. Paul-Bloomington, MN-WI (613) and Duluth, MN-WI (23) (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 | 3,565 |
| Total Mortgage Loan Application Amount | $823,115,000 |
| Average Mortgage Loan Application Amount | $230,887 |
| Highest Mortgage Loan Application Amount | $25,365,000 |
| Average Applicant Income | $129,221 |
| Highest Applicant Income | $4,053,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Minnehaha, South Dakota | 780 | $ 177,900,000 | $ 228,076 | $ 128,000 |
| Brookings, South Dakota | 494 | $ 90,830,000 | $ 183,866 | $ 119,000 |
| Lincoln, South Dakota | 444 | $ 106,470,000 | $ 239,797 | $ 154,000 |
| Pipestone, Minnesota | 156 | $ 17,890,000 | $ 114,679 | $ 81,000 |
| Codington, South Dakota | 154 | $ 29,010,000 | $ 188,376 | $ 91,000 |
| Grant, South Dakota | 152 | $ 20,840,000 | $ 137,105 | $ 95,000 |
| Hennepin, Minnesota | 106 | $ 49,100,000 | $ 463,207 | $ 216,000 |
| Scott, Minnesota | 97 | $ 22,145,000 | $ 228,298 | $ 112,000 |
| Isanti, Minnesota | 86 | $ 21,630,000 | $ 251,511 | $ 118,000 |
| Lake, South Dakota | 82 | $ 16,050,000 | $ 195,731 | $ 136,000 |
| Le Sueur, Minnesota | 73 | $ 13,315,000 | $ 182,397 | $ 97,000 |
| Clay, South Dakota | 50 | $ 8,460,000 | $ 169,200 | $ 126,000 |
| Hamlin, South Dakota | 47 | $ 10,135,000 | $ 215,638 | $ 155,000 |
| Anoka, Minnesota | 41 | $ 10,045,000 | $ 245,000 | $ 131,000 |
| Deuel, South Dakota | 41 | $ 6,265,000 | $ 152,804 | $ 87,000 |
| Ramsey, Minnesota | 40 | $ 41,750,000 | $ 1,043,750 | $ 183,000 |
| Big Stone, Minnesota | 37 | $ 4,075,000 | $ 110,135 | $ 84,000 |
| Roberts, South Dakota | 37 | $ 8,015,000 | $ 216,621 | $ 122,000 |
| Dakota, Minnesota | 34 | $ 7,300,000 | $ 214,705 | $ 136,000 |
| Moody, South Dakota | 34 | $ 7,550,000 | $ 222,058 | $ 110,000 |
| Carver, Minnesota | 28 | $ 7,740,000 | $ 276,428 | $ 214,000 |
| Sherburne, Minnesota | 28 | $ 18,540,000 | $ 662,142 | $ 106,000 |
| Washington, Minnesota | 28 | $ 16,740,000 | $ 597,857 | $ 157,000 |
| Mille Lacs, Minnesota | 26 | $ 3,470,000 | $ 133,461 | $ 92,000 |
| Lincoln, Minnesota | 23 | $ 2,285,000 | $ 99,347 | $ 63,000 |
| Turner, South Dakota | 22 | $ 3,900,000 | $ 177,272 | $ 143,000 |
| Kingsbury, South Dakota | 21 | $ 3,055,000 | $ 145,476 | $ 85,000 |
| St. Louis, Minnesota | 20 | $ 2,320,000 | $ 116,000 | $ 106,000 |
| Rock, Minnesota | 17 | $ 4,015,000 | $ 236,176 | $ 71,000 |
| Rice, Minnesota | 16 | $ 6,950,000 | $ 434,375 | $ 99,000 |
| Lawrence, South Dakota | 16 | $ 5,100,000 | $ 318,750 | $ 325,000 |
| Union, South Dakota | 16 | $ 3,510,000 | $ 219,375 | $ 120,000 |
| Chisago, Minnesota | 14 | $ 2,710,000 | $ 193,571 | $ 113,000 |
| Lyon, Iowa | 12 | $ 1,090,000 | $ 90,833 | $ 85,000 |
| Wright, Minnesota | 11 | $ 3,495,000 | $ 317,727 | $ 135,000 |
| Lyon, Minnesota | 10 | $ 1,600,000 | $ 160,000 | $ 89,000 |
| McCook, South Dakota | 9 | $ 2,535,000 | $ 281,666 | $ 112,000 |
| Sioux, Iowa | 8 | $ 1,880,000 | $ 235,000 | $ 111,000 |
| Murray, Minnesota | 8 | $ 1,130,000 | $ 141,250 | $ 130,000 |
| Crow Wing, Minnesota | 7 | $ 1,595,000 | $ 227,857 | $ 308,000 |
| Lee, Florida | 6 | $ 2,210,000 | $ 368,333 | $ 172,000 |
| Benton, Minnesota | 6 | $ 750,000 | $ 125,000 | $ 232,000 |
| Douglas, Minnesota | 6 | $ 1,810,000 | $ 301,666 | $ 327,000 |
| Pennington, South Dakota | 6 | $ 1,050,000 | $ 175,000 | $ 144,000 |
| Aitkin, Minnesota | 5 | $ 1,215,000 | $ 243,000 | $ 374,000 |
| Blue Earth, Minnesota | 5 | $ 5,425,000 | $ 1,085,000 | $ 128,000 |
| Brown, Minnesota | 5 | $ 645,000 | $ 129,000 | $ 218,000 |
| Otter Tail, Minnesota | 5 | $ 1,345,000 | $ 269,000 | $ 177,000 |
| Pine, Minnesota | 5 | $ 1,915,000 | $ 383,000 | $ 177,000 |
| Stearns, Minnesota | 5 | $ 905,000 | $ 181,000 | $ 136,000 |
| Douglas, Nebraska | 5 | $ 915,000 | $ 183,000 | $ 206,000 |
| Brown, South Dakota | 5 | $ 1,405,000 | $ 281,000 | $ 109,000 |
| Yankton, South Dakota | 5 | $ 605,000 | $ 121,000 | $ 107,000 |
| Cass, Minnesota | 4 | $ 900,000 | $ 225,000 | $ 210,000 |
| Itasca, Minnesota | 4 | $ 1,010,000 | $ 252,500 | $ 168,000 |
| Kanabec, Minnesota | 4 | $ 620,000 | $ 155,000 | $ 97,000 |
| Olmsted, Minnesota | 4 | $ 860,000 | $ 215,000 | $ 161,000 |
| Hughes, South Dakota | 4 | $ 800,000 | $ 200,000 | $ 65,000 |
| Dickinson, Iowa | 3 | $ 715,000 | $ 238,333 | $ 156,000 |
| Lac qui Parle, Minnesota | 3 | $ 355,000 | $ 118,333 | $ 104,000 |
| Lake, Minnesota | 3 | $ 575,000 | $ 191,666 | $ 104,000 |
| Nicollet, Minnesota | 3 | $ 805,000 | $ 268,333 | $ 227,000 |
| Wabasha, Minnesota | 3 | $ 315,000 | $ 105,000 | $ 226,000 |
| Beadle, South Dakota | 3 | $ 725,000 | $ 241,666 | $ 138,000 |
| Clark, South Dakota | 3 | $ 415,000 | $ 138,333 | $ 66,000 |
| Hutchinson, South Dakota | 3 | $ 345,000 | $ 115,000 | $ 51,000 |
| Meade, South Dakota | 3 | $ 765,000 | $ 255,000 | $ 57,000 |
| Polk, Wisconsin | 3 | $ 1,295,000 | $ 431,666 | $ 70,000 |
| Maricopa, Arizona | 2 | $ 1,010,000 | $ 505,000 | $ 128,000 |
| Broward, Florida | 2 | $ 560,000 | $ 280,000 | $ 450,000 |
| Collier, Florida | 2 | $ 400,000 | $ 200,000 | $ 105,000 |
| Palm Beach, Florida | 2 | $ 910,000 | $ 455,000 | $ 188,000 |
| Kauai, Hawaii | 2 | $ 1,090,000 | $ 545,000 | $ 910,000 |
| Floyd, Iowa | 2 | $ 310,000 | $ 155,000 | $ 100,000 |
| Woodbury, Iowa | 2 | $ 380,000 | $ 190,000 | $ 82,000 |
| Chippewa, Minnesota | 2 | $ 270,000 | $ 135,000 | $ 63,000 |
| Freeborn, Minnesota | 2 | $ 180,000 | $ 90,000 | $ 112,000 |
| Goodhue, Minnesota | 2 | $ 270,000 | $ 135,000 | $ 139,000 |
| Kandiyohi, Minnesota | 2 | $ 510,000 | $ 255,000 | $ 224,000 |
| Mower, Minnesota | 2 | $ 150,000 | $ 75,000 | $ 227,000 |
| Nobles, Minnesota | 2 | $ 130,000 | $ 65,000 | $ 39,000 |
| Swift, Minnesota | 2 | $ 310,000 | $ 155,000 | $ 84,000 |
| Traverse, Minnesota | 2 | $ 230,000 | $ 115,000 | $ 65,000 |
| Burleigh, North Dakota | 2 | $ 810,000 | $ 405,000 | $ 102,000 |
| Cass, North Dakota | 2 | $ 550,000 | $ 275,000 | $ 94,000 |
| Comanche, Oklahoma | 2 | $ 270,000 | $ 135,000 | $ 0 |
| Erie, Pennsylvania | 2 | $ 430,000 | $ 215,000 | $ 54,000 |
| Pickens, South Carolina | 2 | $ 270,000 | $ 135,000 | $ 71,000 |
| Bon Homme, South Dakota | 2 | $ 130,000 | $ 65,000 | $ 25,000 |
| Charles Mix, South Dakota | 2 | $ 820,000 | $ 410,000 | $ 277,000 |
| Custer, South Dakota | 2 | $ 190,000 | $ 95,000 | $ 122,000 |
| Day, South Dakota | 2 | $ 500,000 | $ 250,000 | $ 205,000 |
| Gregory, South Dakota | 2 | $ 670,000 | $ 335,000 | $ 345,000 |
| Marshall, South Dakota | 2 | $ 530,000 | $ 265,000 | $ 172,000 |
| Miner, South Dakota | 2 | $ 180,000 | $ 90,000 | $ 112,000 |
| Spink, South Dakota | 2 | $ 240,000 | $ 120,000 | $ 118,000 |
| Stanley, South Dakota | 2 | $ 420,000 | $ 210,000 | $ 129,000 |
| Baldwin, Alabama | 1 | $ 155,000 | $ 155,000 | $ 58,000 |
| Mohave, Arizona | 1 | $ 255,000 | $ 255,000 | $ 122,000 |
| Pima, Arizona | 1 | $ 205,000 | $ 205,000 | $ 91,000 |
| Adams, Colorado | 1 | $ 395,000 | $ 395,000 | $ 94,000 |
| Boulder, Colorado | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Larimer, Colorado | 1 | $ 515,000 | $ 515,000 | $ 101,000 |
| Weld, Colorado | 1 | $ 575,000 | $ 575,000 | $ 0 |
| Brevard, Florida | 1 | $ 465,000 | $ 465,000 | $ 151,000 |
| Charlotte, Florida | 1 | $ 95,000 | $ 95,000 | $ 104,000 |
| Miami-Dade, Florida | 1 | $ 285,000 | $ 285,000 | $ 713,000 |
| Sarasota, Florida | 1 | $ 285,000 | $ 285,000 | $ 389,000 |
| Sumter, Florida | 1 | $ 265,000 | $ 265,000 | $ 249,000 |
| Muscogee, Georgia | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Hawaii, Hawaii | 1 | $ 155,000 | $ 155,000 | $ 46,000 |
| Cook, Illinois | 1 | $ 545,000 | $ 545,000 | $ 268,000 |
| Black Hawk, Iowa | 1 | $ 295,000 | $ 295,000 | $ 85,000 |
| Cerro Gordo, Iowa | 1 | $ 315,000 | $ 315,000 | $ 102,000 |
| Dallas, Iowa | 1 | $ 295,000 | $ 295,000 | $ 169,000 |
| Harrison, Iowa | 1 | $ 545,000 | $ 545,000 | $ 300,000 |
| Plymouth, Iowa | 1 | $ 285,000 | $ 285,000 | $ 131,000 |
| Polk, Iowa | 1 | $ 185,000 | $ 185,000 | $ 340,000 |
| Johnson, Kansas | 1 | $ 315,000 | $ 315,000 | $ 100,000 |
| Riley, Kansas | 1 | $ 95,000 | $ 95,000 | $ 182,000 |
| Wyandotte, Kansas | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| Berkshire, Massachusetts | 1 | $ 155,000 | $ 155,000 | $ 80,000 |
| Cottonwood, Minnesota | 1 | $ 75,000 | $ 75,000 | $ 43,000 |
| Dodge, Minnesota | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Grant, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 146,000 |
| Houston, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 42,000 |
| McLeod, Minnesota | 1 | $ 135,000 | $ 135,000 | $ 176,000 |
| Morrison, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Pope, Minnesota | 1 | $ 405,000 | $ 405,000 | $ 247,000 |
| Redwood, Minnesota | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Sibley, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 125,000 |
| Steele, Minnesota | 1 | $ 1,575,000 | $ 1,575,000 | $ 0 |
| Todd, Minnesota | 1 | $ 155,000 | $ 155,000 | $ 37,000 |
| Winona, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 411,000 |
| Yellow Medicine, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 63,000 |
| Camden, Missouri | 1 | $ 525,000 | $ 525,000 | $ 156,000 |
| Cedar, Nebraska | 1 | $ 185,000 | $ 185,000 | $ 54,000 |
| Dawson, Nebraska | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Knox, Nebraska | 1 | $ 255,000 | $ 255,000 | $ 52,000 |
| Lancaster, Nebraska | 1 | $ 175,000 | $ 175,000 | $ 69,000 |
| Madison, Nebraska | 1 | $ 365,000 | $ 365,000 | $ 191,000 |
| Sarpy, Nebraska | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Craven, North Carolina | 1 | $ 275,000 | $ 275,000 | $ 174,000 |
| Payne, Oklahoma | 1 | $ 215,000 | $ 215,000 | $ 112,000 |
| Aurora, South Dakota | 1 | $ 125,000 | $ 125,000 | $ 100,000 |
| Davison, South Dakota | 1 | $ 155,000 | $ 155,000 | $ 65,000 |
| Edmunds, South Dakota | 1 | $ 215,000 | $ 215,000 | $ 82,000 |
| Fall River, South Dakota | 1 | $ 285,000 | $ 285,000 | $ 280,000 |
| Jerauld, South Dakota | 1 | $ 75,000 | $ 75,000 | $ 61,000 |
| Lyman, South Dakota | 1 | $ 55,000 | $ 55,000 | $ 31,000 |
| Walworth, South Dakota | 1 | $ 135,000 | $ 135,000 | $ 158,000 |
| Davidson, Tennessee | 1 | $ 495,000 | $ 495,000 | $ 1,256,000 |
| Sevier, Tennessee | 1 | $ 285,000 | $ 285,000 | $ 252,000 |
| Augusta, Virginia | 1 | $ 535,000 | $ 535,000 | $ 203,000 |
| King, Washington | 1 | $ 775,000 | $ 775,000 | $ 202,000 |
| Buffalo, Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 94,000 |
| Burnett, Wisconsin | 1 | $ 315,000 | $ 315,000 | $ 267,000 |
| St. Croix, Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 149,000 |
| Washburn, Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 154,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2021
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 | 1,463 | $415,155,000 | $283,000 | $25,365,000 | $128,000 | $1,296,000 |
| Refinancing | 966 | $212,830,000 | $220,000 | $6,405,000 | $133,000 | $4,053,000 |
| Cash-out Refinancing | 707 | $160,915,000 | $227,000 | $2,285,000 | $117,000 | $1,077,000 |
| Home Improvement | 244 | $17,610,000 | $72,000 | $2,005,000 | $127,000 | $803,000 |
| Other Purpose | 184 | $16,370,000 | $88,000 | $545,000 | $169,000 | $1,312,000 |
| Not Applicable | 1 | $235,000 | $235,000 | $235,000 | $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 | 3,071 | $630,975,000 | $205,000 | $2,705,000 | $129,000 | $4,053,000 |
| Not Provided | 245 | $54,465,000 | $222,000 | $1,415,000 | $136,000 | $1,077,000 |
| Not applicable | 132 | $113,110,000 | $856,000 | $25,365,000 | $0 | $0 |
| Asian | 33 | $6,745,000 | $204,000 | $535,000 | $126,000 | $446,000 |
| Hispanic | 28 | $6,870,000 | $245,000 | $1,465,000 | $138,000 | $555,000 |
| Black or African American | 27 | $4,925,000 | $182,000 | $295,000 | $110,000 | $1,108,000 |
| American Indian or Alaskan Native | 21 | $3,375,000 | $160,000 | $305,000 | $80,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $540,000 | $270,000 | $365,000 | $100,000 | $100,000 |
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) | 3,270 | $761,390,000 | $232,000 | $25,365,000 | $134,000 | $4,053,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 103 | $15,015,000 | $145,000 | $285,000 | $49,000 | $105,000 |
| VA-guaranteed (Veterans Administration) | 98 | $28,470,000 | $290,000 | $845,000 | $102,000 | $279,000 |
| FHA-insured (Federal Housing Administration) | 94 | $18,240,000 | $194,000 | $345,000 | $64,000 | $155,000 |
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 | 2,849 | $667,325,000 | $234,000 | $25,365,000 | $132,000 | $1,643,000 |
| Application Withdrawn By Applicant | 491 | $118,125,000 | $240,000 | $2,705,000 | $136,000 | $4,053,000 |
| Application Denied By Financial Institution | 176 | $29,490,000 | $167,000 | $905,000 | $63,000 | $634,000 |
| Application Approved But Not Accepted | 26 | $3,980,000 | $153,000 | $495,000 | $126,000 | $471,000 |
| File Closed For Incompleteness | 21 | $3,525,000 | $167,000 | $455,000 | $81,000 | $255,000 |
| Loan Purchased By The Institution | 2 | $670,000 | $335,000 | $435,000 | $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 | 3,389 | $793,625,000 | $234,000 | $25,365,000 | $133,000 | $4,053,000 |
| Debt-To-Income Ratio | 90 | $15,580,000 | $173,000 | $905,000 | $51,000 | $168,000 |
| Credit History | 69 | $10,385,000 | $150,000 | $485,000 | $78,000 | $634,000 |
| Collateral | 7 | $1,245,000 | $177,000 | $425,000 | $104,000 | $196,000 |
| Employment History | 6 | $830,000 | $138,000 | $305,000 | $31,000 | $106,000 |
| Unverifiable Information | 2 | $950,000 | $475,000 | $575,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 1 | $135,000 | $135,000 | $135,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $365,000 | $365,000 | $365,000 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2021 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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