First Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, First Bank & Trust of Brookings, SD reported 3,565 mortgage applications totaling $823.1 million, up 68% from 2020. The average application was for $230,887, and applicants reported an average income of $129,221. 80% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (1,255), Minneapolis-St. Paul-Bloomington, MN-WI (613) and Duluth, MN-WI (23) (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 | 3,565 |
| Total Mortgage Loan Application Amount | $823,115,000 |
| Average Mortgage Loan Application Amount | $230,887 |
| Highest Mortgage Loan Application Amount | $25,365,000 |
| Average Applicant Income | $129,221 |
| Highest Applicant Income | $4,053,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,561 | $ 278,765,000 | $ 178,581 | $ 114,882 |
| Sioux Falls, SD | 1,255 | $ 290,805,000 | $ 231,717 | $ 138,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 613 | $ 218,075,000 | $ 355,750 | $ 141,013 |
| Duluth, MN-WI | 23 | $ 2,895,000 | $ 125,869 | $ 105,000 |
| Sioux City, IA-NE-SD | 18 | $ 3,890,000 | $ 216,111 | $ 115,777 |
| St. Cloud, MN | 11 | $ 1,655,000 | $ 150,454 | $ 184,000 |
| Rapid City, SD | 9 | $ 1,815,000 | $ 201,666 | $ 111,000 |
| Mankato-North Mankato, MN | 8 | $ 6,230,000 | $ 778,750 | $ 170,000 |
| Rochester, MN | 8 | $ 1,320,000 | $ 165,000 | $ 193,000 |
| Omaha-Council Bluffs, NE-IA | 7 | $ 1,605,000 | $ 229,285 | $ 198,857 |
| Cape Coral-Fort Myers, FL | 6 | $ 2,210,000 | $ 368,333 | $ 172,000 |
| Bismarck, ND | 2 | $ 810,000 | $ 405,000 | $ 102,000 |
| Des Moines-West Des Moines, IA | 2 | $ 480,000 | $ 240,000 | $ 254,000 |
| Erie, PA | 2 | $ 430,000 | $ 215,000 | $ 54,000 |
| Fargo, ND-MN | 2 | $ 550,000 | $ 275,000 | $ 94,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 560,000 | $ 280,000 | $ 450,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 270,000 | $ 135,000 | $ 71,000 |
| Kansas City, MO-KS | 2 | $ 440,000 | $ 220,000 | $ 87,000 |
| Lawton, OK | 2 | $ 270,000 | $ 135,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 400,000 | $ 200,000 | $ 105,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 1,010,000 | $ 505,000 | $ 128,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 910,000 | $ 455,000 | $ 188,000 |
| Boulder, CO | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Chicago-Naperville, IL | 1 | $ 545,000 | $ 545,000 | $ 268,000 |
| Columbus, GA-AL | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 155,000 | $ 155,000 | $ 58,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 395,000 | $ 395,000 | $ 94,000 |
| Fort Collins, CO | 1 | $ 515,000 | $ 515,000 | $ 101,000 |
| Greeley, CO | 1 | $ 575,000 | $ 575,000 | $ 0 |
| La Crosse-Onalaska, WI-MN | 1 | $ 25,000 | $ 25,000 | $ 42,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 255,000 | $ 255,000 | $ 122,000 |
| Lincoln, NE | 1 | $ 175,000 | $ 175,000 | $ 69,000 |
| Manhattan, KS | 1 | $ 95,000 | $ 95,000 | $ 182,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 285,000 | $ 285,000 | $ 713,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 495,000 | $ 495,000 | $ 1,256,000 |
| New Bern, NC | 1 | $ 275,000 | $ 275,000 | $ 174,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 285,000 | $ 285,000 | $ 389,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 465,000 | $ 465,000 | $ 151,000 |
| Pittsfield, MA | 1 | $ 155,000 | $ 155,000 | $ 80,000 |
| Punta Gorda, FL | 1 | $ 95,000 | $ 95,000 | $ 104,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 775,000 | $ 775,000 | $ 202,000 |
| Staunton-Waynesboro, VA | 1 | $ 535,000 | $ 535,000 | $ 203,000 |
| The Villages, FL | 1 | $ 265,000 | $ 265,000 | $ 249,000 |
| Tucson, AZ | 1 | $ 205,000 | $ 205,000 | $ 91,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 295,000 | $ 295,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2021
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 | 1,463 | $415,155,000 | $283,000 | $25,365,000 | $128,000 | $1,296,000 |
| Refinancing | 966 | $212,830,000 | $220,000 | $6,405,000 | $133,000 | $4,053,000 |
| Cash-out Refinancing | 707 | $160,915,000 | $227,000 | $2,285,000 | $117,000 | $1,077,000 |
| Home Improvement | 244 | $17,610,000 | $72,000 | $2,005,000 | $127,000 | $803,000 |
| Other Purpose | 184 | $16,370,000 | $88,000 | $545,000 | $169,000 | $1,312,000 |
| Not Applicable | 1 | $235,000 | $235,000 | $235,000 | $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 | 3,071 | $630,975,000 | $205,000 | $2,705,000 | $129,000 | $4,053,000 |
| Not Provided | 245 | $54,465,000 | $222,000 | $1,415,000 | $136,000 | $1,077,000 |
| Not applicable | 132 | $113,110,000 | $856,000 | $25,365,000 | $0 | $0 |
| Asian | 33 | $6,745,000 | $204,000 | $535,000 | $126,000 | $446,000 |
| Hispanic | 28 | $6,870,000 | $245,000 | $1,465,000 | $138,000 | $555,000 |
| Black or African American | 27 | $4,925,000 | $182,000 | $295,000 | $110,000 | $1,108,000 |
| American Indian or Alaskan Native | 21 | $3,375,000 | $160,000 | $305,000 | $80,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $540,000 | $270,000 | $365,000 | $100,000 | $100,000 |
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) | 3,270 | $761,390,000 | $232,000 | $25,365,000 | $134,000 | $4,053,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 103 | $15,015,000 | $145,000 | $285,000 | $49,000 | $105,000 |
| VA-guaranteed (Veterans Administration) | 98 | $28,470,000 | $290,000 | $845,000 | $102,000 | $279,000 |
| FHA-insured (Federal Housing Administration) | 94 | $18,240,000 | $194,000 | $345,000 | $64,000 | $155,000 |
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 | 2,849 | $667,325,000 | $234,000 | $25,365,000 | $132,000 | $1,643,000 |
| Application Withdrawn By Applicant | 491 | $118,125,000 | $240,000 | $2,705,000 | $136,000 | $4,053,000 |
| Application Denied By Financial Institution | 176 | $29,490,000 | $167,000 | $905,000 | $63,000 | $634,000 |
| Application Approved But Not Accepted | 26 | $3,980,000 | $153,000 | $495,000 | $126,000 | $471,000 |
| File Closed For Incompleteness | 21 | $3,525,000 | $167,000 | $455,000 | $81,000 | $255,000 |
| Loan Purchased By The Institution | 2 | $670,000 | $335,000 | $435,000 | $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 | 3,389 | $793,625,000 | $234,000 | $25,365,000 | $133,000 | $4,053,000 |
| Debt-To-Income Ratio | 90 | $15,580,000 | $173,000 | $905,000 | $51,000 | $168,000 |
| Credit History | 69 | $10,385,000 | $150,000 | $485,000 | $78,000 | $634,000 |
| Collateral | 7 | $1,245,000 | $177,000 | $425,000 | $104,000 | $196,000 |
| Employment History | 6 | $830,000 | $138,000 | $305,000 | $31,000 | $106,000 |
| Unverifiable Information | 2 | $950,000 | $475,000 | $575,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 1 | $135,000 | $135,000 | $135,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $365,000 | $365,000 | $365,000 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2021 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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