First Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, First Bank & Trust of Brookings, SD reported 1,951 mortgage applications totaling $429.1 million, up 2% from 2023. The average application was for $219,941, and applicants reported an average income of $150,214. 70% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Sioux Falls, SD (720), Minneapolis-St. Paul-Bloomington, MN-WI (272) and Sioux City, IA-NE-SD (21) (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 | 1,951 |
| Total Mortgage Loan Application Amount | $429,105,000 |
| Average Mortgage Loan Application Amount | $219,941 |
| Highest Mortgage Loan Application Amount | $3,405,000 |
| Average Applicant Income | $150,214 |
| Highest Applicant Income | $3,933,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 435 | $ 109,945,000 | $ 252,747 | $ 156,000 |
| Brookings, South Dakota | 250 | $ 48,600,000 | $ 194,400 | $ 129,000 |
| Lincoln, South Dakota | 245 | $ 67,735,000 | $ 276,469 | $ 163,000 |
| Pipestone, Minnesota | 112 | $ 14,050,000 | $ 125,446 | $ 133,000 |
| Codington, South Dakota | 98 | $ 18,290,000 | $ 186,632 | $ 119,000 |
| Grant, South Dakota | 74 | $ 10,700,000 | $ 144,594 | $ 93,000 |
| Hennepin, Minnesota | 44 | $ 12,760,000 | $ 290,000 | $ 274,000 |
| Scott, Minnesota | 44 | $ 9,910,000 | $ 225,227 | $ 149,000 |
| Lake, South Dakota | 41 | $ 7,715,000 | $ 188,170 | $ 211,000 |
| Clay, South Dakota | 39 | $ 7,755,000 | $ 198,846 | $ 154,000 |
| Le Sueur, Minnesota | 36 | $ 6,230,000 | $ 173,055 | $ 112,000 |
| Dakota, Minnesota | 31 | $ 10,825,000 | $ 349,193 | $ 171,000 |
| Hamlin, South Dakota | 29 | $ 6,025,000 | $ 207,758 | $ 204,000 |
| Big Stone, Minnesota | 21 | $ 1,785,000 | $ 85,000 | $ 72,000 |
| Isanti, Minnesota | 21 | $ 3,995,000 | $ 190,238 | $ 125,000 |
| Deuel, South Dakota | 21 | $ 3,025,000 | $ 144,047 | $ 110,000 |
| Union, South Dakota | 21 | $ 4,445,000 | $ 211,666 | $ 120,000 |
| Washington, Minnesota | 19 | $ 6,955,000 | $ 366,052 | $ 169,000 |
| Moody, South Dakota | 19 | $ 3,335,000 | $ 175,526 | $ 95,000 |
| Rock, Minnesota | 18 | $ 2,400,000 | $ 133,333 | $ 86,000 |
| Mille Lacs, Minnesota | 17 | $ 2,595,000 | $ 152,647 | $ 109,000 |
| Roberts, South Dakota | 17 | $ 2,285,000 | $ 134,411 | $ 106,000 |
| Lincoln, Minnesota | 16 | $ 2,150,000 | $ 134,375 | $ 122,000 |
| Ramsey, Minnesota | 14 | $ 2,630,000 | $ 187,857 | $ 160,000 |
| Rice, Minnesota | 14 | $ 2,760,000 | $ 197,142 | $ 168,000 |
| Turner, South Dakota | 13 | $ 2,305,000 | $ 177,307 | $ 96,000 |
| Anoka, Minnesota | 12 | $ 2,960,000 | $ 246,666 | $ 136,000 |
| Sherburne, Minnesota | 12 | $ 1,430,000 | $ 119,166 | $ 112,000 |
| Kingsbury, South Dakota | 12 | $ 1,630,000 | $ 135,833 | $ 105,000 |
| Lyon, Iowa | 10 | $ 1,290,000 | $ 129,000 | $ 114,000 |
| Chisago, Minnesota | 10 | $ 2,040,000 | $ 204,000 | $ 99,000 |
| Yankton, South Dakota | 10 | $ 2,170,000 | $ 217,000 | $ 84,000 |
| McCook, South Dakota | 9 | $ 2,185,000 | $ 242,777 | $ 93,000 |
| Murray, Minnesota | 7 | $ 1,245,000 | $ 177,857 | $ 80,000 |
| Hutchinson, South Dakota | 7 | $ 1,275,000 | $ 182,142 | $ 65,000 |
| Lyon, Minnesota | 6 | $ 1,060,000 | $ 176,666 | $ 61,000 |
| Wright, Minnesota | 6 | $ 1,960,000 | $ 326,666 | $ 250,000 |
| Pennington, South Dakota | 6 | $ 3,290,000 | $ 548,333 | $ 892,000 |
| Maricopa, Arizona | 5 | $ 3,275,000 | $ 655,000 | $ 419,000 |
| Sioux, Iowa | 5 | $ 935,000 | $ 187,000 | $ 134,000 |
| Carver, Minnesota | 5 | $ 955,000 | $ 191,000 | $ 254,000 |
| Lac qui Parle, Minnesota | 5 | $ 295,000 | $ 59,000 | $ 65,000 |
| Nobles, Minnesota | 5 | $ 575,000 | $ 115,000 | $ 43,000 |
| Cass, Minnesota | 4 | $ 1,620,000 | $ 405,000 | $ 206,000 |
| Crow Wing, Minnesota | 4 | $ 650,000 | $ 162,500 | $ 183,000 |
| St. Louis, Minnesota | 4 | $ 1,260,000 | $ 315,000 | $ 192,000 |
| Lawrence, South Dakota | 4 | $ 2,160,000 | $ 540,000 | $ 402,000 |
| Marshall, South Dakota | 4 | $ 720,000 | $ 180,000 | $ 132,000 |
| Dickinson, Iowa | 3 | $ 705,000 | $ 235,000 | $ 103,000 |
| Beltrami, Minnesota | 3 | $ 805,000 | $ 268,333 | $ 107,000 |
| Douglas, Minnesota | 3 | $ 645,000 | $ 215,000 | $ 278,000 |
| Kandiyohi, Minnesota | 3 | $ 445,000 | $ 148,333 | $ 117,000 |
| Otter Tail, Minnesota | 3 | $ 1,165,000 | $ 388,333 | $ 279,000 |
| Waseca, Minnesota | 3 | $ 725,000 | $ 241,666 | $ 74,000 |
| Clark, South Dakota | 3 | $ 645,000 | $ 215,000 | $ 67,000 |
| Davison, South Dakota | 3 | $ 495,000 | $ 165,000 | $ 97,000 |
| Burnett, Wisconsin | 3 | $ 155,000 | $ 51,666 | $ 89,000 |
| Collier, Florida | 2 | $ 2,770,000 | $ 1,385,000 | $ 2,169,000 |
| Brown, Minnesota | 2 | $ 240,000 | $ 120,000 | $ 70,000 |
| Clay, Minnesota | 2 | $ 600,000 | $ 300,000 | $ 72,000 |
| Bon Homme, South Dakota | 2 | $ 270,000 | $ 135,000 | $ 78,000 |
| Day, South Dakota | 2 | $ 500,000 | $ 250,000 | $ 143,000 |
| Spink, South Dakota | 2 | $ 100,000 | $ 50,000 | $ 173,000 |
| Barron, Wisconsin | 2 | $ 1,270,000 | $ 635,000 | $ 508,000 |
| Campbell, Wyoming | 2 | $ 610,000 | $ 305,000 | $ 526,000 |
| Matanuska-Susitna, Alaska | 1 | $ 175,000 | $ 175,000 | $ 127,000 |
| Washington, Arkansas | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Riverside, California | 1 | $ 745,000 | $ 745,000 | $ 243,000 |
| El Paso, Colorado | 1 | $ 235,000 | $ 235,000 | $ 89,000 |
| Charlotte, Florida | 1 | $ 525,000 | $ 525,000 | $ 672,000 |
| Manatee, Florida | 1 | $ 185,000 | $ 185,000 | $ 165,000 |
| Pasco, Florida | 1 | $ 525,000 | $ 525,000 | $ 351,000 |
| Volusia, Florida | 1 | $ 345,000 | $ 345,000 | $ 132,000 |
| McHenry, Illinois | 1 | $ 265,000 | $ 265,000 | $ 105,000 |
| Cherokee, Iowa | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Monroe, Iowa | 1 | $ 235,000 | $ 235,000 | $ 144,000 |
| Scott, Iowa | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Orleans, Louisiana | 1 | $ 215,000 | $ 215,000 | $ 63,000 |
| Oakland, Michigan | 1 | $ 415,000 | $ 415,000 | $ 203,000 |
| Van Buren, Michigan | 1 | $ 205,000 | $ 205,000 | $ 67,000 |
| Aitkin, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 68,000 |
| Blue Earth, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 58,000 |
| Chippewa, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 205,000 |
| Kanabec, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 89,000 |
| Lake of the Woods, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 857,000 |
| Olmsted, Minnesota | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Pine, Minnesota | 1 | $ 365,000 | $ 365,000 | $ 155,000 |
| Pope, Minnesota | 1 | $ 275,000 | $ 275,000 | $ 100,000 |
| Sibley, Minnesota | 1 | $ 195,000 | $ 195,000 | $ 68,000 |
| Steele, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 78,000 |
| Stevens, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 83,000 |
| Swift, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 86,000 |
| Traverse, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 96,000 |
| Watonwan, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 108,000 |
| Holt, Missouri | 1 | $ 305,000 | $ 305,000 | $ 153,000 |
| Toole, Montana | 1 | $ 385,000 | $ 385,000 | $ 425,000 |
| Chase, Nebraska | 1 | $ 155,000 | $ 155,000 | $ 72,000 |
| Douglas, Nebraska | 1 | $ 285,000 | $ 285,000 | $ 89,000 |
| Richland, North Dakota | 1 | $ 215,000 | $ 215,000 | $ 90,000 |
| Pottawatomie, Oklahoma | 1 | $ 195,000 | $ 195,000 | $ 126,000 |
| Beadle, South Dakota | 1 | $ 165,000 | $ 165,000 | $ 89,000 |
| Faulk, South Dakota | 1 | $ 255,000 | $ 255,000 | $ 74,000 |
| Hughes, South Dakota | 1 | $ 565,000 | $ 565,000 | $ 234,000 |
| Lyman, South Dakota | 1 | $ 135,000 | $ 135,000 | $ 49,000 |
| Miner, South Dakota | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
| Potter, South Dakota | 1 | $ 205,000 | $ 205,000 | $ 80,000 |
| Stanley, South Dakota | 1 | $ 755,000 | $ 755,000 | $ 239,000 |
| Davidson, Tennessee | 1 | $ 515,000 | $ 515,000 | $ 228,000 |
| Lubbock, Texas | 1 | $ 35,000 | $ 35,000 | $ 212,000 |
| St. Croix, Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2024
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 | 1,231 | $348,945,000 | $283,000 | $3,405,000 | $154,000 | $3,933,000 |
| Home Improvement | 274 | $23,050,000 | $84,000 | $505,000 | $151,000 | $1,915,000 |
| Refinancing | 253 | $33,355,000 | $131,000 | $875,000 | $132,000 | $1,020,000 |
| Other Purpose | 146 | $11,850,000 | $81,000 | $1,315,000 | $152,000 | $926,000 |
| Cash-out Refinancing | 47 | $11,905,000 | $253,000 | $705,000 | $139,000 | $840,000 |
| 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 | $319,045,000 | $205,000 | $2,005,000 | $148,000 | $3,389,000 |
| Not Provided | 203 | $57,275,000 | $282,000 | $2,005,000 | $171,000 | $3,933,000 |
| Hispanic | 65 | $10,525,000 | $161,000 | $755,000 | $114,000 | $933,000 |
| Not applicable | 61 | $22,835,000 | $374,000 | $3,405,000 | $0 | $0 |
| Asian | 32 | $9,230,000 | $288,000 | $765,000 | $198,000 | $760,000 |
| Black or African American | 27 | $8,325,000 | $308,000 | $755,000 | $150,000 | $1,200,000 |
| American Indian or Alaskan Native | 10 | $1,870,000 | $187,000 | $775,000 | $111,000 | $242,000 |
| 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) | 1,666 | $355,630,000 | $213,000 | $3,405,000 | $161,000 | $3,933,000 |
| FHA-insured (Federal Housing Administration) | 193 | $47,005,000 | $243,000 | $495,000 | $84,000 | $450,000 |
| VA-guaranteed (Veterans Administration) | 59 | $20,525,000 | $347,000 | $1,025,000 | $116,000 | $272,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $5,945,000 | $180,000 | $305,000 | $70,000 | $106,000 |
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 | 1,358 | $289,510,000 | $213,000 | $3,405,000 | $155,000 | $3,933,000 |
| Application Withdrawn By Applicant | 322 | $86,540,000 | $268,000 | $2,005,000 | $169,000 | $3,389,000 |
| Application Denied By Financial Institution | 245 | $48,385,000 | $197,000 | $1,355,000 | $83,000 | $579,000 |
| Application Approved But Not Accepted | 14 | $2,310,000 | $165,000 | $415,000 | $115,000 | $218,000 |
| File Closed For Incompleteness | 12 | $2,360,000 | $196,000 | $1,125,000 | $187,000 | $856,000 |
| 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 | 1,706 | $380,720,000 | $223,000 | $3,405,000 | $158,000 | $3,933,000 |
| Debt-To-Income Ratio | 145 | $30,315,000 | $209,000 | $1,315,000 | $76,000 | $471,000 |
| Credit History | 69 | $10,485,000 | $151,000 | $1,025,000 | $88,000 | $242,000 |
| Collateral | 18 | $2,640,000 | $146,000 | $515,000 | $124,000 | $579,000 |
| Other | 9 | $4,115,000 | $457,000 | $1,355,000 | $132,000 | $425,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $830,000 | $207,000 | $225,000 | $74,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2024 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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