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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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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