First Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, First Bank & Trust of Brookings, SD reported 2,020 mortgage applications totaling $501.0 million, down 43% from 2021. The average application was for $247,995, and applicants reported an average income of $139,194. 74% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Sioux Falls, SD (691), Minneapolis-St. Paul-Bloomington, MN-WI (318) and Sioux City, IA-NE-SD (11) (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 | 2,020 |
| Total Mortgage Loan Application Amount | $500,950,000 |
| Average Mortgage Loan Application Amount | $247,995 |
| Highest Mortgage Loan Application Amount | $38,025,000 |
| Average Applicant Income | $139,194 |
| Highest Applicant Income | $3,066,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 887 | $ 159,115,000 | $ 179,385 | $ 110,799 |
| Sioux Falls, SD | 691 | $ 173,655,000 | $ 251,309 | $ 160,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 318 | $ 143,630,000 | $ 451,666 | $ 160,216 |
| Sioux City, IA-NE-SD | 11 | $ 2,955,000 | $ 268,636 | $ 136,818 |
| Rapid City, SD | 9 | $ 2,165,000 | $ 240,555 | $ 107,000 |
| Phoenix-Mesa-Scottsdale, AZ | 8 | $ 3,220,000 | $ 402,500 | $ 307,000 |
| Duluth, MN-WI | 7 | $ 1,085,000 | $ 155,000 | $ 181,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 2,075,000 | $ 415,000 | $ 348,000 |
| Rochester, MN | 5 | $ 1,245,000 | $ 249,000 | $ 275,000 |
| St. Cloud, MN | 5 | $ 985,000 | $ 197,000 | $ 151,000 |
| Denver-Aurora-Lakewood, CO | 3 | $ 1,165,000 | $ 388,333 | $ 91,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 815,000 | $ 271,666 | $ 468,000 |
| St. Louis, MO-IL | 3 | $ 155,000 | $ 51,666 | $ 15,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 230,000 | $ 115,000 | $ 61,000 |
| Mankato-North Mankato, MN | 2 | $ 510,000 | $ 255,000 | $ 90,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 400,000 | $ 200,000 | $ 110,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 760,000 | $ 380,000 | $ 275,000 |
| Punta Gorda, FL | 2 | $ 490,000 | $ 245,000 | $ 87,000 |
| Bismarck, ND | 1 | $ 55,000 | $ 55,000 | $ 97,000 |
| Chicago-Naperville, IL | 1 | $ 215,000 | $ 215,000 | $ 177,000 |
| Des Moines-West Des Moines, IA | 1 | $ 305,000 | $ 305,000 | $ 138,000 |
| Fargo, ND-MN | 1 | $ 105,000 | $ 105,000 | $ 51,000 |
| Fort Worth-Arlington, TX | 1 | $ 125,000 | $ 125,000 | $ 112,000 |
| Huntsville, AL | 1 | $ 325,000 | $ 325,000 | $ 986,000 |
| Jacksonville, FL | 1 | $ 75,000 | $ 75,000 | $ 60,000 |
| Janesville-Beloit, WI | 1 | $ 295,000 | $ 295,000 | $ 93,000 |
| Lincoln, NE | 1 | $ 415,000 | $ 415,000 | $ 443,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 255,000 | $ 255,000 | $ 860,000 |
| Tucson, AZ | 1 | $ 355,000 | $ 355,000 | $ 244,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 225,000 | $ 225,000 | $ 55,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 265,000 | $ 265,000 | $ 178,000 |
Mortgage Loan Application Detail Totals for First Bank & Trust in 2022
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 | 1,118 | $363,130,000 | $324,000 | $38,025,000 | $142,000 | $3,066,000 |
| Refinancing | 313 | $62,595,000 | $199,000 | $7,705,000 | $152,000 | $2,452,000 |
| Home Improvement | 265 | $18,065,000 | $68,000 | $1,115,000 | $133,000 | $1,107,000 |
| Cash-out Refinancing | 178 | $43,830,000 | $246,000 | $645,000 | $115,000 | $852,000 |
| Other Purpose | 146 | $13,330,000 | $91,000 | $535,000 | $131,000 | $809,000 |
| 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 | 1,683 | $340,915,000 | $202,000 | $1,505,000 | $135,000 | $3,066,000 |
| Not Provided | 159 | $42,795,000 | $269,000 | $1,215,000 | $154,000 | $986,000 |
| Not applicable | 90 | $97,540,000 | $1,083,000 | $38,025,000 | $0 | $0 |
| Hispanic | 33 | $6,045,000 | $183,000 | $545,000 | $154,000 | $677,000 |
| Asian | 22 | $5,480,000 | $249,000 | $655,000 | $243,000 | $697,000 |
| Black or African American | 13 | $3,255,000 | $250,000 | $1,235,000 | $168,000 | $1,200,000 |
| American Indian or Alaskan Native | 11 | $2,115,000 | $192,000 | $395,000 | $255,000 | $1,201,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $155,000 | $155,000 | $155,000 | $29,000 | $29,000 |
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) | 1,836 | $455,390,000 | $248,000 | $38,025,000 | $145,000 | $3,066,000 |
| FHA-insured (Federal Housing Administration) | 69 | $15,225,000 | $220,000 | $455,000 | $75,000 | $264,000 |
| VA-guaranteed (Veterans Administration) | 58 | $20,620,000 | $355,000 | $905,000 | $114,000 | $238,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 57 | $9,715,000 | $170,000 | $405,000 | $58,000 | $102,000 |
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 | 1,498 | $390,920,000 | $260,000 | $38,025,000 | $145,000 | $3,066,000 |
| Application Withdrawn By Applicant | 330 | $80,160,000 | $242,000 | $1,325,000 | $150,000 | $986,000 |
| Application Denied By Financial Institution | 160 | $24,660,000 | $154,000 | $705,000 | $67,000 | $310,000 |
| File Closed For Incompleteness | 21 | $3,845,000 | $183,000 | $495,000 | $88,000 | $190,000 |
| Application Approved But Not Accepted | 11 | $1,365,000 | $124,000 | $505,000 | $109,000 | $171,000 |
| 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 | 1,860 | $476,290,000 | $256,000 | $38,025,000 | $145,000 | $3,066,000 |
| Debt-To-Income Ratio | 76 | $14,030,000 | $184,000 | $705,000 | $59,000 | $310,000 |
| Credit History | 62 | $7,810,000 | $125,000 | $495,000 | $67,000 | $165,000 |
| Collateral | 13 | $2,145,000 | $165,000 | $645,000 | $115,000 | $294,000 |
| Other | 4 | $250,000 | $62,000 | $95,000 | $80,000 | $117,000 |
| Unverifiable Information | 2 | $300,000 | $150,000 | $185,000 | $55,000 | $68,000 |
| Employment History | 2 | $90,000 | $45,000 | $55,000 | $91,000 | $146,000 |
| Credit Application Incomplete | 1 | $35,000 | $35,000 | $35,000 | $32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2022 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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