First Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First Bank & Trust of Brookings, SD reported 1,259 mortgage applications totaling $136.6 million, up 29% from 2008. The average application was for $108,478, and applicants reported an average income of $72,310. 87% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Sioux Falls, SD (64), Minneapolis-St. Paul-Bloomington, MN-WI (6) and Rapid City, SD (4) (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 | 1,259 |
| Total Mortgage Loan Application Amount | $136,574,000 |
| Average Mortgage Loan Application Amount | $108,478 |
| Highest Mortgage Loan Application Amount | $4,384,000 |
| Average Applicant Income | $72,310 |
| Highest Applicant Income | $1,300,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Sioux Falls, SD | 64 | $ 5,740,000 | $ 89,687 | $ 69,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 6 | $ 824,000 | $ 137,333 | $ 74,000 |
| Rapid City, SD | 4 | $ 196,000 | $ 49,000 | $ 82,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 10,000 | $ 10,000 | $ 22,000 |
| Denver-Aurora-Broomfield, CO | 1 | $ 23,000 | $ 23,000 | $ 0 |
| Fargo, ND-MN | 1 | $ 184,000 | $ 184,000 | $ 61,000 |
| Sioux City, IA-NE-SD | 1 | $ 95,000 | $ 95,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2009
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 | 594 | $68,469,000 | $115,000 | $560,000 | $82,000 | $1,300,000 |
| Home Purchase | 444 | $54,752,000 | $123,000 | $4,384,000 | $60,000 | $270,000 |
| Home Improvement | 221 | $13,353,000 | $60,000 | $339,000 | $71,000 | $467,000 |
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 | 1,171 | $122,551,000 | $104,000 | $560,000 | $75,000 | $1,300,000 |
| Not applicable | 37 | $9,869,000 | $266,000 | $4,384,000 | $6,000 | $202,000 |
| Not Provided | 24 | $1,392,000 | $58,000 | $186,000 | $65,000 | $245,000 |
| Asian | 14 | $1,817,000 | $129,000 | $289,000 | $86,000 | $144,000 |
| Hispanic | 5 | $306,000 | $61,000 | $156,000 | $68,000 | $91,000 |
| Black or African American | 4 | $515,000 | $128,000 | $208,000 | $65,000 | $99,000 |
| American Indian or Alaskan Native | 4 | $124,000 | $31,000 | $73,000 | $36,000 | $51,000 |
| 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) | 1,153 | $123,450,000 | $107,000 | $4,384,000 | $75,000 | $1,300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 82 | $9,677,000 | $118,000 | $191,000 | $39,000 | $72,000 |
| FHA-insured (Federal Housing Administration) | 16 | $2,056,000 | $128,000 | $256,000 | $56,000 | $95,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,391,000 | $173,000 | $227,000 | $65,000 | $104,000 |
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 | 1,095 | $121,883,000 | $111,000 | $4,384,000 | $74,000 | $1,300,000 |
| Application Denied By Financial Institution | 79 | $6,692,000 | $84,000 | $400,000 | $43,000 | $138,000 |
| Application Approved But Not Accepted | 67 | $6,218,000 | $92,000 | $336,000 | $71,000 | $327,000 |
| Application Withdrawn By Applicant | 18 | $1,781,000 | $98,000 | $300,000 | $92,000 | $600,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2009 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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