First Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, First Bank & Trust of Brookings, SD reported 1,912 mortgage applications totaling $471.9 million, down 5% from 2022. The average application was for $246,814, and applicants reported an average income of $159,657. 70% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Sioux Falls, SD (664), Minneapolis-St. Paul-Bloomington, MN-WI (286) and Sioux City, IA-NE-SD (13) (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 | 1,912 |
| Total Mortgage Loan Application Amount | $471,910,000 |
| Average Mortgage Loan Application Amount | $246,814 |
| Highest Mortgage Loan Application Amount | $21,505,000 |
| Average Applicant Income | $159,657 |
| Highest Applicant Income | $6,671,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 433 | $ 126,065,000 | $ 291,143 | $ 170,000 |
| Brookings, South Dakota | 250 | $ 43,690,000 | $ 174,760 | $ 132,000 |
| Lincoln, South Dakota | 212 | $ 46,250,000 | $ 218,160 | $ 168,000 |
| Pipestone, Minnesota | 99 | $ 10,705,000 | $ 108,131 | $ 87,000 |
| Grant, South Dakota | 87 | $ 10,735,000 | $ 123,390 | $ 94,000 |
| Codington, South Dakota | 77 | $ 14,665,000 | $ 190,454 | $ 147,000 |
| Hennepin, Minnesota | 59 | $ 22,075,000 | $ 374,152 | $ 306,000 |
| Scott, Minnesota | 43 | $ 11,475,000 | $ 266,860 | $ 351,000 |
| Isanti, Minnesota | 40 | $ 28,970,000 | $ 724,250 | $ 128,000 |
| Lake, South Dakota | 40 | $ 8,360,000 | $ 209,000 | $ 152,000 |
| Clay, South Dakota | 35 | $ 4,915,000 | $ 140,428 | $ 109,000 |
| Lincoln, Minnesota | 27 | $ 3,245,000 | $ 120,185 | $ 87,000 |
| Anoka, Minnesota | 24 | $ 21,520,000 | $ 896,666 | $ 147,000 |
| Le Sueur, Minnesota | 24 | $ 4,760,000 | $ 198,333 | $ 120,000 |
| Hamlin, South Dakota | 24 | $ 3,890,000 | $ 162,083 | $ 136,000 |
| Moody, South Dakota | 24 | $ 4,040,000 | $ 168,333 | $ 97,000 |
| Dakota, Minnesota | 20 | $ 4,800,000 | $ 240,000 | $ 146,000 |
| Roberts, South Dakota | 20 | $ 2,610,000 | $ 130,500 | $ 114,000 |
| Deuel, South Dakota | 19 | $ 3,235,000 | $ 170,263 | $ 92,000 |
| Rock, Minnesota | 18 | $ 2,820,000 | $ 156,666 | $ 88,000 |
| Mille Lacs, Minnesota | 17 | $ 2,205,000 | $ 129,705 | $ 107,000 |
| Ramsey, Minnesota | 16 | $ 12,690,000 | $ 793,125 | $ 138,000 |
| Turner, South Dakota | 14 | $ 2,480,000 | $ 177,142 | $ 141,000 |
| Kingsbury, South Dakota | 13 | $ 1,905,000 | $ 146,538 | $ 91,000 |
| Union, South Dakota | 13 | $ 1,685,000 | $ 129,615 | $ 97,000 |
| Washington, Minnesota | 12 | $ 3,170,000 | $ 264,166 | $ 408,000 |
| Big Stone, Minnesota | 11 | $ 1,875,000 | $ 170,454 | $ 83,000 |
| Sherburne, Minnesota | 10 | $ 2,480,000 | $ 248,000 | $ 113,000 |
| St. Louis, Minnesota | 9 | $ 585,000 | $ 65,000 | $ 0 |
| Wright, Minnesota | 9 | $ 2,545,000 | $ 282,777 | $ 179,000 |
| Lawrence, South Dakota | 9 | $ 6,745,000 | $ 749,444 | $ 410,000 |
| Lyon, Iowa | 8 | $ 1,220,000 | $ 152,500 | $ 63,000 |
| Rice, Minnesota | 8 | $ 2,090,000 | $ 261,250 | $ 193,000 |
| Pasco, Florida | 6 | $ 1,010,000 | $ 168,333 | $ 228,000 |
| Carver, Minnesota | 6 | $ 2,620,000 | $ 436,666 | $ 233,000 |
| Murray, Minnesota | 6 | $ 1,070,000 | $ 178,333 | $ 106,000 |
| Dickinson, Iowa | 5 | $ 1,755,000 | $ 351,000 | $ 397,000 |
| Sioux, Iowa | 5 | $ 1,135,000 | $ 227,000 | $ 126,000 |
| Chisago, Minnesota | 5 | $ 1,585,000 | $ 317,000 | $ 180,000 |
| Lyon, Minnesota | 5 | $ 495,000 | $ 99,000 | $ 86,000 |
| Stearns, Minnesota | 5 | $ 1,185,000 | $ 237,000 | $ 137,000 |
| Brown, South Dakota | 5 | $ 935,000 | $ 187,000 | $ 102,000 |
| Day, South Dakota | 5 | $ 725,000 | $ 145,000 | $ 115,000 |
| McCook, South Dakota | 5 | $ 885,000 | $ 177,000 | $ 119,000 |
| Spink, South Dakota | 5 | $ 555,000 | $ 111,000 | $ 203,000 |
| Yankton, South Dakota | 5 | $ 925,000 | $ 185,000 | $ 111,000 |
| Maricopa, Arizona | 4 | $ 1,320,000 | $ 330,000 | $ 262,000 |
| Crow Wing, Minnesota | 4 | $ 1,420,000 | $ 355,000 | $ 98,000 |
| Pine, Minnesota | 4 | $ 1,210,000 | $ 302,500 | $ 82,000 |
| Yellow Medicine, Minnesota | 4 | $ 3,310,000 | $ 827,500 | $ 99,000 |
| Aitkin, Minnesota | 3 | $ 665,000 | $ 221,666 | $ 448,000 |
| Kandiyohi, Minnesota | 3 | $ 1,055,000 | $ 351,666 | $ 1,258,000 |
| Martin, Minnesota | 3 | $ 215,000 | $ 71,666 | $ 184,000 |
| Nobles, Minnesota | 3 | $ 345,000 | $ 115,000 | $ 60,000 |
| Steele, Minnesota | 3 | $ 295,000 | $ 98,333 | $ 177,000 |
| Adams, Colorado | 2 | $ 690,000 | $ 345,000 | $ 99,000 |
| O'Brien, Iowa | 2 | $ 250,000 | $ 125,000 | $ 77,000 |
| Cass, Minnesota | 2 | $ 390,000 | $ 195,000 | $ 288,000 |
| Lac qui Parle, Minnesota | 2 | $ 270,000 | $ 135,000 | $ 71,000 |
| McLeod, Minnesota | 2 | $ 360,000 | $ 180,000 | $ 217,000 |
| Otter Tail, Minnesota | 2 | $ 230,000 | $ 115,000 | $ 56,000 |
| Sibley, Minnesota | 2 | $ 300,000 | $ 150,000 | $ 123,000 |
| Burleigh, North Dakota | 2 | $ 740,000 | $ 370,000 | $ 113,000 |
| Cass, North Dakota | 2 | $ 1,060,000 | $ 530,000 | $ 422,000 |
| Pickens, South Carolina | 2 | $ 390,000 | $ 195,000 | $ 80,000 |
| Beadle, South Dakota | 2 | $ 140,000 | $ 70,000 | $ 83,000 |
| Davison, South Dakota | 2 | $ 280,000 | $ 140,000 | $ 115,000 |
| Hutchinson, South Dakota | 2 | $ 300,000 | $ 150,000 | $ 41,000 |
| Marshall, South Dakota | 2 | $ 540,000 | $ 270,000 | $ 115,000 |
| Pennington, South Dakota | 2 | $ 1,390,000 | $ 695,000 | $ 270,000 |
| Eau Claire, Wisconsin | 2 | $ 1,010,000 | $ 505,000 | $ 351,000 |
| Park, Wyoming | 2 | $ 650,000 | $ 325,000 | $ 100,000 |
| Pinal, Arizona | 1 | $ 385,000 | $ 385,000 | $ 189,000 |
| Washington, Arkansas | 1 | $ 225,000 | $ 225,000 | $ 51,000 |
| Riverside, California | 1 | $ 725,000 | $ 725,000 | $ 223,000 |
| El Paso, Colorado | 1 | $ 295,000 | $ 295,000 | $ 65,000 |
| Manatee, Florida | 1 | $ 645,000 | $ 645,000 | $ 530,000 |
| Marion, Florida | 1 | $ 245,000 | $ 245,000 | $ 160,000 |
| Palm Beach, Florida | 1 | $ 295,000 | $ 295,000 | $ 88,000 |
| Madison, Indiana | 1 | $ 205,000 | $ 205,000 | $ 61,000 |
| Floyd, Iowa | 1 | $ 15,000 | $ 15,000 | $ 107,000 |
| Mills, Iowa | 1 | $ 285,000 | $ 285,000 | $ 127,000 |
| Plymouth, Iowa | 1 | $ 95,000 | $ 95,000 | $ 53,000 |
| Pottawattamie, Iowa | 1 | $ 555,000 | $ 555,000 | $ 165,000 |
| Butler, Kansas | 1 | $ 285,000 | $ 285,000 | $ 126,000 |
| Sedgwick, Kansas | 1 | $ 345,000 | $ 345,000 | $ 125,000 |
| Becker, Minnesota | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Benton, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 81,000 |
| Brown, Minnesota | 1 | $ 155,000 | $ 155,000 | $ 190,000 |
| Cottonwood, Minnesota | 1 | $ 275,000 | $ 275,000 | $ 128,000 |
| Douglas, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 91,000 |
| Fillmore, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 60,000 |
| Freeborn, Minnesota | 1 | $ 75,000 | $ 75,000 | $ 12,000 |
| Itasca, Minnesota | 1 | $ 255,000 | $ 255,000 | $ 154,000 |
| Jackson, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 55,000 |
| Kanabec, Minnesota | 1 | $ 265,000 | $ 265,000 | $ 26,000 |
| Lake of the Woods, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 630,000 |
| Olmsted, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 242,000 |
| Todd, Minnesota | 1 | $ 165,000 | $ 165,000 | $ 122,000 |
| Traverse, Minnesota | 1 | $ 345,000 | $ 345,000 | $ 128,000 |
| Marion, Missouri | 1 | $ 75,000 | $ 75,000 | $ 98,000 |
| Madison, Montana | 1 | $ 4,605,000 | $ 4,605,000 | $ 5,322,000 |
| Dodge, Nebraska | 1 | $ 75,000 | $ 75,000 | $ 38,000 |
| Douglas, Nebraska | 1 | $ 475,000 | $ 475,000 | $ 185,000 |
| Lancaster, Nebraska | 1 | $ 175,000 | $ 175,000 | $ 74,000 |
| Polk, Nebraska | 1 | $ 285,000 | $ 285,000 | $ 110,000 |
| Sarpy, Nebraska | 1 | $ 255,000 | $ 255,000 | $ 154,000 |
| Clark, Nevada | 1 | $ 95,000 | $ 95,000 | $ 115,000 |
| Wake, North Carolina | 1 | $ 465,000 | $ 465,000 | $ 106,000 |
| Oconee, South Carolina | 1 | $ 165,000 | $ 165,000 | $ 81,000 |
| Bon Homme, South Dakota | 1 | $ 45,000 | $ 45,000 | $ 53,000 |
| Clark, South Dakota | 1 | $ 125,000 | $ 125,000 | $ 43,000 |
| Douglas, South Dakota | 1 | $ 145,000 | $ 145,000 | $ 113,000 |
| Hughes, South Dakota | 1 | $ 155,000 | $ 155,000 | $ 177,000 |
| Lyman, South Dakota | 1 | $ 85,000 | $ 85,000 | $ 266,000 |
| Miner, South Dakota | 1 | $ 105,000 | $ 105,000 | $ 84,000 |
| Perkins, South Dakota | 1 | $ 145,000 | $ 145,000 | $ 49,000 |
| Bradley, Tennessee | 1 | $ 505,000 | $ 505,000 | $ 157,000 |
| Davidson, Tennessee | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Adams, Wisconsin | 1 | $ 445,000 | $ 445,000 | $ 515,000 |
| Barron, Wisconsin | 1 | $ 395,000 | $ 395,000 | $ 515,000 |
| Burnett, Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 100,000 |
| Price, Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 214,000 |
| St. Croix, Wisconsin | 1 | $ 445,000 | $ 445,000 | $ 339,000 |
| Winnebago, Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 147,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2023
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 | 1,149 | $373,515,000 | $325,000 | $21,505,000 | $164,000 | $6,671,000 |
| Home Improvement | 279 | $21,155,000 | $75,000 | $505,000 | $138,000 | $890,000 |
| Refinancing | 259 | $47,795,000 | $184,000 | $13,665,000 | $144,000 | $3,066,000 |
| Other Purpose | 171 | $16,505,000 | $96,000 | $1,425,000 | $209,000 | $3,656,000 |
| Cash-out Refinancing | 54 | $12,940,000 | $239,000 | $515,000 | $98,000 | $242,000 |
| 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 | 1,553 | $317,365,000 | $204,000 | $4,605,000 | $161,000 | $6,671,000 |
| Not Provided | 151 | $41,185,000 | $272,000 | $1,605,000 | $151,000 | $1,459,000 |
| Not applicable | 98 | $88,370,000 | $901,000 | $21,505,000 | $0 | $0 |
| Hispanic | 42 | $9,330,000 | $222,000 | $715,000 | $95,000 | $515,000 |
| Asian | 23 | $4,105,000 | $178,000 | $465,000 | $149,000 | $501,000 |
| Black or African American | 20 | $4,380,000 | $219,000 | $725,000 | $289,000 | $1,200,000 |
| American Indian or Alaskan Native | 12 | $3,770,000 | $314,000 | $975,000 | $167,000 | $426,000 |
| 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) | 1,691 | $419,235,000 | $247,000 | $21,505,000 | $170,000 | $6,671,000 |
| FHA-insured (Federal Housing Administration) | 131 | $30,585,000 | $233,000 | $485,000 | $80,000 | $344,000 |
| VA-guaranteed (Veterans Administration) | 46 | $15,260,000 | $331,000 | $855,000 | $114,000 | $358,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 44 | $6,830,000 | $155,000 | $295,000 | $62,000 | $99,000 |
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 | 1,329 | $336,325,000 | $253,000 | $21,505,000 | $169,000 | $5,322,000 |
| Application Withdrawn By Applicant | 326 | $90,700,000 | $278,000 | $2,405,000 | $166,000 | $6,671,000 |
| Application Denied By Financial Institution | 227 | $39,415,000 | $173,000 | $1,055,000 | $94,000 | $1,459,000 |
| Application Approved But Not Accepted | 16 | $2,930,000 | $183,000 | $505,000 | $203,000 | $600,000 |
| File Closed For Incompleteness | 14 | $2,540,000 | $181,000 | $365,000 | $117,000 | $342,000 |
| 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 | 1,685 | $432,495,000 | $256,000 | $21,505,000 | $169,000 | $6,671,000 |
| Debt-To-Income Ratio | 129 | $25,955,000 | $201,000 | $1,055,000 | $80,000 | $434,000 |
| Credit History | 68 | $8,740,000 | $128,000 | $615,000 | $112,000 | $1,459,000 |
| Collateral | 17 | $2,545,000 | $149,000 | $475,000 | $93,000 | $336,000 |
| Other | 5 | $245,000 | $49,000 | $85,000 | $257,000 | $609,000 |
| Unverifiable Information | 3 | $665,000 | $221,000 | $305,000 | $66,000 | $99,000 |
| Employment History | 3 | $885,000 | $295,000 | $465,000 | $105,000 | $153,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $365,000 | $365,000 | $365,000 | $85,000 | $85,000 |
| Credit Application Incomplete | 1 | $15,000 | $15,000 | $15,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2023 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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