First Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, First Bank & Trust of Brookings, SD reported 718 mortgage applications totaling $60.2 million. The average application was for $83,784, and applicants reported an average income of $59,745. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Sioux Falls, SD (37), Minneapolis-St. Paul-Bloomington, MN-WI (2) and Ames, IA (1) (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 | 718 |
| Total Mortgage Loan Application Amount | $60,157,000 |
| Average Mortgage Loan Application Amount | $83,784 |
| Highest Mortgage Loan Application Amount | $4,886,000 |
| Average Applicant Income | $59,745 |
| Highest Applicant Income | $893,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Bank & Trust in 2004
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 | 331 | $31,377,000 | $85,666 | $1,350,000 | $46,333 | $893,000 |
| Refinancing | 234 | $24,019,000 | $97,000 | $4,886,000 | $103,500 | $700,000 |
| Home Improvement | 153 | $4,761,000 | $13,333 | $256,000 | $49,666 | $230,000 |
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 | 676 | $48,398,000 | $71,333 | $1,350,000 | $74,666 | $893,000 |
| Not applicable | 15 | $10,222,000 | $681,000 | $4,886,000 | $6,000 | $32,000 |
| Not Provided | 11 | $758,000 | $127,500 | $200,000 | $49,000 | $278,000 |
| American Indian or Alaskan Native | 7 | $173,000 | $17,500 | $88,000 | $30,000 | $62,000 |
| Asian | 3 | $333,000 | $111,000 | $130,000 | $69,000 | $93,000 |
| Black or African American | 3 | $102,000 | $25,500 | $93,000 | $40,500 | $61,000 |
| Hispanic | 3 | $171,000 | $57,000 | $108,000 | $37,000 | $41,000 |
| 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) | 666 | $55,835,000 | $73,000 | $4,886,000 | $74,666 | $893,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 48 | $3,894,000 | $76,000 | $138,000 | $31,500 | $62,000 |
| FHA-insured (Federal Housing Administration) | 3 | $307,000 | $102,000 | $151,000 | $41,000 | $67,000 |
| VA-guaranteed (Veterans Administration) | 1 | $121,000 | $121,000 | $121,000 | $28,000 | $28,000 |
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 | 569 | $50,903,000 | $75,400 | $4,886,000 | $83,000 | $893,000 |
| Application Denied By Financial Institution | 59 | $2,410,000 | $38,333 | $180,000 | $48,000 | $156,000 |
| Application Approved But Not Accepted | 44 | $3,359,000 | $76,000 | $328,000 | $53,000 | $148,000 |
| Preapproval Denied by Financial Institution | 28 | $2,033,000 | $72,000 | $460,000 | $36,000 | $149,000 |
| Application Withdrawn By Applicant | 17 | $1,446,000 | $55,500 | $240,000 | $35,500 | $110,000 |
| File Closed For Incompleteness | 1 | $6,000 | $6,000 | $6,000 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 52 | $2,093,000 | $60,666 | $110,000 | $49,000 | $156,000 |
| Debt-To-Income Ratio | 27 | $1,635,000 | $42,666 | $200,000 | $32,666 | $85,000 |
| Employment History | 3 | $82,000 | $22,000 | $60,000 | $28,500 | $48,000 |
| Collateral | 3 | $494,000 | $238,500 | $460,000 | $107,500 | $149,000 |
| Unverifiable Information | 1 | $103,000 | $103,000 | $103,000 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2004 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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