First Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, First Bank & Trust of Brookings, SD reported 2,118 mortgage applications totaling $534.5 million, up 187% from 2019. The average application was for $252,360, and applicants reported an average income of $122,273. 84% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (502), Sioux Falls, SD (347) and Sioux City, IA-NE-SD (6) (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 | 2,118 |
| Total Mortgage Loan Application Amount | $534,500,000 |
| Average Mortgage Loan Application Amount | $252,360 |
| Highest Mortgage Loan Application Amount | $28,805,000 |
| Average Applicant Income | $122,273 |
| Highest Applicant Income | $2,082,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 | 900 | $216,110,000 | $240,000 | $9,725,000 | $127,000 | $1,285,000 |
| Home Purchase | 677 | $205,295,000 | $303,000 | $28,805,000 | $117,000 | $2,082,000 |
| Cash-out Refinancing | 499 | $109,005,000 | $218,000 | $635,000 | $120,000 | $1,199,000 |
| Other Purpose | 24 | $2,340,000 | $97,000 | $255,000 | $148,000 | $552,000 |
| Home Improvement | 18 | $1,750,000 | $97,000 | $305,000 | $113,000 | $430,000 |
| 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 | 1,862 | $401,040,000 | $215,000 | $1,445,000 | $123,000 | $2,082,000 |
| Not Provided | 124 | $24,990,000 | $201,000 | $515,000 | $114,000 | $585,000 |
| Not applicable | 71 | $94,975,000 | $1,337,000 | $28,805,000 | $0 | $0 |
| Asian | 23 | $5,905,000 | $256,000 | $505,000 | $154,000 | $481,000 |
| Hispanic | 22 | $4,190,000 | $190,000 | $515,000 | $112,000 | $425,000 |
| Black or African American | 9 | $2,245,000 | $249,000 | $385,000 | $102,000 | $183,000 |
| American Indian or Alaskan Native | 7 | $1,155,000 | $165,000 | $345,000 | $68,000 | $130,000 |
| 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) | 1,965 | $505,165,000 | $257,000 | $28,805,000 | $126,000 | $2,082,000 |
| VA-guaranteed (Veterans Administration) | 64 | $16,440,000 | $256,000 | $515,000 | $102,000 | $845,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 62 | $8,220,000 | $132,000 | $245,000 | $50,000 | $87,000 |
| FHA-insured (Federal Housing Administration) | 27 | $4,675,000 | $173,000 | $315,000 | $73,000 | $156,000 |
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 | 1,789 | $468,295,000 | $261,000 | $28,805,000 | $125,000 | $2,082,000 |
| Application Withdrawn By Applicant | 214 | $45,150,000 | $210,000 | $1,405,000 | $118,000 | $1,103,000 |
| Application Denied By Financial Institution | 105 | $18,935,000 | $180,000 | $1,445,000 | $82,000 | $1,199,000 |
| Application Approved But Not Accepted | 10 | $2,120,000 | $212,000 | $485,000 | $138,000 | $430,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,013 | $515,565,000 | $256,000 | $28,805,000 | $124,000 | $2,082,000 |
| Credit History | 59 | $8,835,000 | $149,000 | $365,000 | $75,000 | $180,000 |
| Debt-To-Income Ratio | 36 | $8,260,000 | $229,000 | $1,445,000 | $62,000 | $474,000 |
| Unverifiable Information | 4 | $650,000 | $162,000 | $275,000 | $134,000 | $134,000 |
| Collateral | 3 | $635,000 | $211,000 | $515,000 | $424,000 | $1,199,000 |
| Employment History | 2 | $270,000 | $135,000 | $205,000 | $71,000 | $74,000 |
| Other | 1 | $285,000 | $285,000 | $285,000 | $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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2020 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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