First Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, First Bank & Trust of Brookings, SD reported 2,020 mortgage applications totaling $501.0 million, down 43% from 2021. The average application was for $247,995, and applicants reported an average income of $139,194. 74% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Sioux Falls, SD (691), Minneapolis-St. Paul-Bloomington, MN-WI (318) and Sioux City, IA-NE-SD (11) (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 | 2,020 |
| Total Mortgage Loan Application Amount | $500,950,000 |
| Average Mortgage Loan Application Amount | $247,995 |
| Highest Mortgage Loan Application Amount | $38,025,000 |
| Average Applicant Income | $139,194 |
| Highest Applicant Income | $3,066,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 443 | $ 115,015,000 | $ 259,627 | $ 154,000 |
| Brookings, South Dakota | 293 | $ 55,925,000 | $ 190,870 | $ 115,000 |
| Lincoln, South Dakota | 235 | $ 55,685,000 | $ 236,957 | $ 170,000 |
| Grant, South Dakota | 91 | $ 13,075,000 | $ 143,681 | $ 82,000 |
| Pipestone, Minnesota | 89 | $ 8,655,000 | $ 97,247 | $ 86,000 |
| Codington, South Dakota | 74 | $ 14,550,000 | $ 196,621 | $ 97,000 |
| Hennepin, Minnesota | 58 | $ 22,780,000 | $ 392,758 | $ 306,000 |
| Scott, Minnesota | 53 | $ 27,765,000 | $ 523,867 | $ 127,000 |
| Lake, South Dakota | 45 | $ 8,085,000 | $ 179,666 | $ 123,000 |
| Anoka, Minnesota | 41 | $ 48,345,000 | $ 1,179,146 | $ 108,000 |
| Le Sueur, Minnesota | 35 | $ 6,515,000 | $ 186,142 | $ 108,000 |
| Isanti, Minnesota | 34 | $ 6,360,000 | $ 187,058 | $ 111,000 |
| Deuel, South Dakota | 30 | $ 4,550,000 | $ 151,666 | $ 97,000 |
| Clay, South Dakota | 28 | $ 8,350,000 | $ 298,214 | $ 128,000 |
| Hamlin, South Dakota | 24 | $ 4,090,000 | $ 170,416 | $ 104,000 |
| Sherburne, Minnesota | 23 | $ 4,305,000 | $ 187,173 | $ 100,000 |
| Moody, South Dakota | 22 | $ 2,310,000 | $ 105,000 | $ 79,000 |
| Big Stone, Minnesota | 18 | $ 2,340,000 | $ 130,000 | $ 64,000 |
| Lincoln, Minnesota | 18 | $ 2,200,000 | $ 122,222 | $ 87,000 |
| Dakota, Minnesota | 17 | $ 6,285,000 | $ 369,705 | $ 178,000 |
| Ramsey, Minnesota | 16 | $ 3,840,000 | $ 240,000 | $ 221,000 |
| Kingsbury, South Dakota | 15 | $ 2,455,000 | $ 163,666 | $ 79,000 |
| Murray, Minnesota | 14 | $ 2,410,000 | $ 172,142 | $ 97,000 |
| Turner, South Dakota | 12 | $ 2,690,000 | $ 224,166 | $ 149,000 |
| Mille Lacs, Minnesota | 10 | $ 1,140,000 | $ 114,000 | $ 104,000 |
| Union, South Dakota | 10 | $ 2,830,000 | $ 283,000 | $ 147,000 |
| Rock, Minnesota | 9 | $ 1,095,000 | $ 121,666 | $ 89,000 |
| Washington, Minnesota | 9 | $ 2,245,000 | $ 249,444 | $ 138,000 |
| Maricopa, Arizona | 8 | $ 3,220,000 | $ 402,500 | $ 307,000 |
| Chisago, Minnesota | 8 | $ 2,650,000 | $ 331,250 | $ 210,000 |
| Lyon, Minnesota | 8 | $ 1,520,000 | $ 190,000 | $ 115,000 |
| Rice, Minnesota | 8 | $ 1,990,000 | $ 248,750 | $ 136,000 |
| Roberts, South Dakota | 8 | $ 1,280,000 | $ 160,000 | $ 154,000 |
| Wright, Minnesota | 7 | $ 1,925,000 | $ 275,000 | $ 98,000 |
| Clark, South Dakota | 7 | $ 675,000 | $ 96,428 | $ 80,000 |
| Pennington, South Dakota | 6 | $ 1,370,000 | $ 228,333 | $ 117,000 |
| Lee, Florida | 5 | $ 2,075,000 | $ 415,000 | $ 348,000 |
| Kanabec, Minnesota | 5 | $ 505,000 | $ 101,000 | $ 64,000 |
| Hughes, South Dakota | 5 | $ 1,245,000 | $ 249,000 | $ 148,000 |
| Douglas, Wisconsin | 5 | $ 815,000 | $ 163,000 | $ 0 |
| Lyon, Iowa | 4 | $ 520,000 | $ 130,000 | $ 63,000 |
| Sioux, Iowa | 4 | $ 890,000 | $ 222,500 | $ 121,000 |
| Carver, Minnesota | 4 | $ 1,250,000 | $ 312,500 | $ 263,000 |
| Douglas, Minnesota | 4 | $ 1,170,000 | $ 292,500 | $ 318,000 |
| Adams, Colorado | 3 | $ 1,165,000 | $ 388,333 | $ 91,000 |
| Broward, Florida | 3 | $ 815,000 | $ 271,666 | $ 468,000 |
| Benton, Minnesota | 3 | $ 165,000 | $ 55,000 | $ 114,000 |
| Yellow Medicine, Minnesota | 3 | $ 375,000 | $ 125,000 | $ 67,000 |
| St. Louis, Missouri | 3 | $ 155,000 | $ 51,666 | $ 15,000 |
| Davison, South Dakota | 3 | $ 595,000 | $ 198,333 | $ 71,000 |
| Meade, South Dakota | 3 | $ 795,000 | $ 265,000 | $ 89,000 |
| Miner, South Dakota | 3 | $ 305,000 | $ 101,666 | $ 46,000 |
| Yankton, South Dakota | 3 | $ 545,000 | $ 181,666 | $ 128,000 |
| Charlotte, Florida | 2 | $ 490,000 | $ 245,000 | $ 87,000 |
| Orange, Florida | 2 | $ 760,000 | $ 380,000 | $ 275,000 |
| Dickinson, Iowa | 2 | $ 990,000 | $ 495,000 | $ 575,000 |
| Becker, Minnesota | 2 | $ 640,000 | $ 320,000 | $ 305,000 |
| Blue Earth, Minnesota | 2 | $ 510,000 | $ 255,000 | $ 90,000 |
| Cass, Minnesota | 2 | $ 310,000 | $ 155,000 | $ 130,000 |
| Crow Wing, Minnesota | 2 | $ 630,000 | $ 315,000 | $ 227,000 |
| Dodge, Minnesota | 2 | $ 770,000 | $ 385,000 | $ 122,000 |
| Goodhue, Minnesota | 2 | $ 150,000 | $ 75,000 | $ 74,000 |
| Jackson, Minnesota | 2 | $ 170,000 | $ 85,000 | $ 70,000 |
| Lac qui Parle, Minnesota | 2 | $ 250,000 | $ 125,000 | $ 34,000 |
| McLeod, Minnesota | 2 | $ 480,000 | $ 240,000 | $ 114,000 |
| Olmsted, Minnesota | 2 | $ 370,000 | $ 185,000 | $ 423,000 |
| St. Louis, Minnesota | 2 | $ 270,000 | $ 135,000 | $ 181,000 |
| Stearns, Minnesota | 2 | $ 820,000 | $ 410,000 | $ 206,000 |
| Marion, Missouri | 2 | $ 790,000 | $ 395,000 | $ 310,000 |
| Douglas, Nebraska | 2 | $ 400,000 | $ 200,000 | $ 110,000 |
| Pickens, South Carolina | 2 | $ 230,000 | $ 115,000 | $ 61,000 |
| Lawrence, South Dakota | 2 | $ 1,010,000 | $ 505,000 | $ 379,000 |
| Pocahontas, West Virginia | 2 | $ 1,070,000 | $ 535,000 | $ 284,000 |
| Pierce, Wisconsin | 2 | $ 520,000 | $ 260,000 | $ 288,000 |
| Madison, Alabama | 1 | $ 325,000 | $ 325,000 | $ 986,000 |
| Pima, Arizona | 1 | $ 355,000 | $ 355,000 | $ 244,000 |
| District of Columbia, District Of Columbia | 1 | $ 265,000 | $ 265,000 | $ 178,000 |
| Clay, Florida | 1 | $ 75,000 | $ 75,000 | $ 60,000 |
| Collier, Florida | 1 | $ 255,000 | $ 255,000 | $ 860,000 |
| Monroe, Florida | 1 | $ 915,000 | $ 915,000 | $ 680,000 |
| Cook, Illinois | 1 | $ 215,000 | $ 215,000 | $ 177,000 |
| Crawford, Iowa | 1 | $ 155,000 | $ 155,000 | $ 92,000 |
| Dallas, Iowa | 1 | $ 305,000 | $ 305,000 | $ 138,000 |
| Plymouth, Iowa | 1 | $ 195,000 | $ 195,000 | $ 101,000 |
| Woodbury, Iowa | 1 | $ 125,000 | $ 125,000 | $ 35,000 |
| Macomb, Michigan | 1 | $ 225,000 | $ 225,000 | $ 55,000 |
| Aitkin, Minnesota | 1 | $ 325,000 | $ 325,000 | $ 312,000 |
| Brown, Minnesota | 1 | $ 165,000 | $ 165,000 | $ 40,000 |
| Clay, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 51,000 |
| Cottonwood, Minnesota | 1 | $ 395,000 | $ 395,000 | $ 82,000 |
| Kandiyohi, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 141,000 |
| Lake of the Woods, Minnesota | 1 | $ 595,000 | $ 595,000 | $ 447,000 |
| Morrison, Minnesota | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Otter Tail, Minnesota | 1 | $ 395,000 | $ 395,000 | $ 172,000 |
| Pine, Minnesota | 1 | $ 805,000 | $ 805,000 | $ 877,000 |
| Redwood, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 94,000 |
| Sibley, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 36,000 |
| Steele, Minnesota | 1 | $ 705,000 | $ 705,000 | $ 0 |
| Swift, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 100,000 |
| Todd, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Wabasha, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 287,000 |
| Winona, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 129,000 |
| Custer, Nebraska | 1 | $ 345,000 | $ 345,000 | $ 54,000 |
| Hamilton, Nebraska | 1 | $ 1,235,000 | $ 1,235,000 | $ 383,000 |
| Kearney, Nebraska | 1 | $ 145,000 | $ 145,000 | $ 122,000 |
| Lancaster, Nebraska | 1 | $ 415,000 | $ 415,000 | $ 443,000 |
| Red Willow, Nebraska | 1 | $ 395,000 | $ 395,000 | $ 232,000 |
| Carteret, North Carolina | 1 | $ 905,000 | $ 905,000 | $ 190,000 |
| Burleigh, North Dakota | 1 | $ 55,000 | $ 55,000 | $ 97,000 |
| Payne, Oklahoma | 1 | $ 315,000 | $ 315,000 | $ 1,257,000 |
| Brown, South Dakota | 1 | $ 245,000 | $ 245,000 | $ 196,000 |
| Brule, South Dakota | 1 | $ 165,000 | $ 165,000 | $ 88,000 |
| Butte, South Dakota | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| Custer, South Dakota | 1 | $ 635,000 | $ 635,000 | $ 385,000 |
| Day, South Dakota | 1 | $ 65,000 | $ 65,000 | $ 68,000 |
| Hanson, South Dakota | 1 | $ 65,000 | $ 65,000 | $ 94,000 |
| Hutchinson, South Dakota | 1 | $ 325,000 | $ 325,000 | $ 102,000 |
| McCook, South Dakota | 1 | $ 265,000 | $ 265,000 | $ 116,000 |
| Tarrant, Texas | 1 | $ 125,000 | $ 125,000 | $ 112,000 |
| Rock, Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 93,000 |
| St. Croix, Wisconsin | 1 | $ 7,705,000 | $ 7,705,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2022
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 | 1,118 | $363,130,000 | $324,000 | $38,025,000 | $142,000 | $3,066,000 |
| Refinancing | 313 | $62,595,000 | $199,000 | $7,705,000 | $152,000 | $2,452,000 |
| Home Improvement | 265 | $18,065,000 | $68,000 | $1,115,000 | $133,000 | $1,107,000 |
| Cash-out Refinancing | 178 | $43,830,000 | $246,000 | $645,000 | $115,000 | $852,000 |
| Other Purpose | 146 | $13,330,000 | $91,000 | $535,000 | $131,000 | $809,000 |
| 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 | 1,683 | $340,915,000 | $202,000 | $1,505,000 | $135,000 | $3,066,000 |
| Not Provided | 159 | $42,795,000 | $269,000 | $1,215,000 | $154,000 | $986,000 |
| Not applicable | 90 | $97,540,000 | $1,083,000 | $38,025,000 | $0 | $0 |
| Hispanic | 33 | $6,045,000 | $183,000 | $545,000 | $154,000 | $677,000 |
| Asian | 22 | $5,480,000 | $249,000 | $655,000 | $243,000 | $697,000 |
| Black or African American | 13 | $3,255,000 | $250,000 | $1,235,000 | $168,000 | $1,200,000 |
| American Indian or Alaskan Native | 11 | $2,115,000 | $192,000 | $395,000 | $255,000 | $1,201,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $155,000 | $155,000 | $155,000 | $29,000 | $29,000 |
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) | 1,836 | $455,390,000 | $248,000 | $38,025,000 | $145,000 | $3,066,000 |
| FHA-insured (Federal Housing Administration) | 69 | $15,225,000 | $220,000 | $455,000 | $75,000 | $264,000 |
| VA-guaranteed (Veterans Administration) | 58 | $20,620,000 | $355,000 | $905,000 | $114,000 | $238,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 57 | $9,715,000 | $170,000 | $405,000 | $58,000 | $102,000 |
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 | 1,498 | $390,920,000 | $260,000 | $38,025,000 | $145,000 | $3,066,000 |
| Application Withdrawn By Applicant | 330 | $80,160,000 | $242,000 | $1,325,000 | $150,000 | $986,000 |
| Application Denied By Financial Institution | 160 | $24,660,000 | $154,000 | $705,000 | $67,000 | $310,000 |
| File Closed For Incompleteness | 21 | $3,845,000 | $183,000 | $495,000 | $88,000 | $190,000 |
| Application Approved But Not Accepted | 11 | $1,365,000 | $124,000 | $505,000 | $109,000 | $171,000 |
| 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 | 1,860 | $476,290,000 | $256,000 | $38,025,000 | $145,000 | $3,066,000 |
| Debt-To-Income Ratio | 76 | $14,030,000 | $184,000 | $705,000 | $59,000 | $310,000 |
| Credit History | 62 | $7,810,000 | $125,000 | $495,000 | $67,000 | $165,000 |
| Collateral | 13 | $2,145,000 | $165,000 | $645,000 | $115,000 | $294,000 |
| Other | 4 | $250,000 | $62,000 | $95,000 | $80,000 | $117,000 |
| Unverifiable Information | 2 | $300,000 | $150,000 | $185,000 | $55,000 | $68,000 |
| Employment History | 2 | $90,000 | $45,000 | $55,000 | $91,000 | $146,000 |
| Credit Application Incomplete | 1 | $35,000 | $35,000 | $35,000 | $32,000 | $32,000 |
| 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 2022 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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