First Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, First Bank & Trust of Brookings, SD reported 737 mortgage applications totaling $163.7 million, up 21% from 2018. The average application was for $222,150, and applicants reported an average income of $111,000. 87% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (118), Sioux Falls, SD (18) and Rapid City, SD (5) (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 | 737 |
| Total Mortgage Loan Application Amount | $163,725,000 |
| Average Mortgage Loan Application Amount | $222,150 |
| Highest Mortgage Loan Application Amount | $12,905,000 |
| Average Applicant Income | $111,000 |
| Highest Applicant Income | $1,402,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 584 | $ 109,620,000 | $ 187,705 | $ 105,212 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 118 | $ 37,930,000 | $ 321,440 | $ 122,889 |
| Sioux Falls, SD | 18 | $ 4,880,000 | $ 271,111 | $ 206,000 |
| Rapid City, SD | 5 | $ 815,000 | $ 163,000 | $ 73,000 |
| St. Cloud, MN | 4 | $ 8,540,000 | $ 2,135,000 | $ 126,000 |
| Mankato-North Mankato, MN | 3 | $ 335,000 | $ 111,666 | $ 60,000 |
| Sioux City, IA-NE-SD | 2 | $ 450,000 | $ 225,000 | $ 112,000 |
| Duluth, MN-WI | 1 | $ 395,000 | $ 395,000 | $ 74,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 155,000 | $ 155,000 | $ 471,000 |
| St. Louis, MO-IL | 1 | $ 605,000 | $ 605,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2019
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 | 439 | $106,075,000 | $241,000 | $12,905,000 | $110,000 | $1,402,000 |
| Refinancing | 163 | $37,025,000 | $227,000 | $4,005,000 | $118,000 | $1,020,000 |
| Cash-out Refinancing | 96 | $18,220,000 | $189,000 | $485,000 | $100,000 | $442,000 |
| Home Improvement | 27 | $1,365,000 | $50,000 | $205,000 | $97,000 | $204,000 |
| Other Purpose | 12 | $1,040,000 | $86,000 | $325,000 | $172,000 | $1,204,000 |
| 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 | 651 | $114,825,000 | $176,000 | $1,475,000 | $112,000 | $1,402,000 |
| Not applicable | 45 | $42,975,000 | $955,000 | $12,905,000 | $0 | $0 |
| Not Provided | 21 | $3,175,000 | $151,000 | $465,000 | $118,000 | $334,000 |
| Hispanic | 13 | $1,335,000 | $102,000 | $275,000 | $59,000 | $146,000 |
| American Indian or Alaskan Native | 3 | $535,000 | $178,000 | $265,000 | $100,000 | $131,000 |
| Black or African American | 2 | $140,000 | $70,000 | $105,000 | $29,000 | $36,000 |
| Asian | 1 | $595,000 | $595,000 | $595,000 | $230,000 | $230,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $145,000 | $145,000 | $145,000 | $34,000 | $34,000 |
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) | 652 | $150,360,000 | $230,000 | $12,905,000 | $118,000 | $1,402,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 48 | $6,250,000 | $130,000 | $225,000 | $50,000 | $82,000 |
| FHA-insured (Federal Housing Administration) | 20 | $3,630,000 | $181,000 | $295,000 | $80,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 17 | $3,485,000 | $205,000 | $355,000 | $79,000 | $118,000 |
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 | 640 | $146,750,000 | $229,000 | $12,905,000 | $113,000 | $1,402,000 |
| Application Withdrawn By Applicant | 51 | $9,865,000 | $193,000 | $485,000 | $112,000 | $548,000 |
| Application Denied By Financial Institution | 37 | $6,495,000 | $175,000 | $1,475,000 | $72,000 | $228,000 |
| Application Approved But Not Accepted | 8 | $590,000 | $73,000 | $155,000 | $121,000 | $425,000 |
| File Closed For Incompleteness | 1 | $25,000 | $25,000 | $25,000 | $190,000 | $190,000 |
| 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 | 700 | $157,230,000 | $224,000 | $12,905,000 | $113,000 | $1,402,000 |
| Credit History | 15 | $1,635,000 | $109,000 | $235,000 | $68,000 | $124,000 |
| Debt-To-Income Ratio | 15 | $3,815,000 | $254,000 | $1,475,000 | $80,000 | $228,000 |
| Unverifiable Information | 3 | $585,000 | $195,000 | $415,000 | $0 | $0 |
| Collateral | 2 | $320,000 | $160,000 | $185,000 | $77,000 | $77,000 |
| Other | 1 | $105,000 | $105,000 | $105,000 | $44,000 | $44,000 |
| Employment History | 1 | $35,000 | $35,000 | $35,000 | $25,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2019 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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