First Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, First Bank & Trust of Brookings, SD reported 1,951 mortgage applications totaling $429.1 million, up 2% from 2023. The average application was for $219,941, and applicants reported an average income of $150,214. 70% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Sioux Falls, SD (720), Minneapolis-St. Paul-Bloomington, MN-WI (272) and Sioux City, IA-NE-SD (21) (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 | 1,951 |
| Total Mortgage Loan Application Amount | $429,105,000 |
| Average Mortgage Loan Application Amount | $219,941 |
| Highest Mortgage Loan Application Amount | $3,405,000 |
| Average Applicant Income | $150,214 |
| Highest Applicant Income | $3,933,000 |
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Act (HMDA) records First Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024
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 | 1,231 | $348,945,000 | $283,000 | $3,405,000 | $154,000 | $3,933,000 |
| Home Improvement | 274 | $23,050,000 | $84,000 | $505,000 | $151,000 | $1,915,000 |
| Refinancing | 253 | $33,355,000 | $131,000 | $875,000 | $132,000 | $1,020,000 |
| Other Purpose | 146 | $11,850,000 | $81,000 | $1,315,000 | $152,000 | $926,000 |
| Cash-out Refinancing | 47 | $11,905,000 | $253,000 | $705,000 | $139,000 | $840,000 |
| 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 | 1,553 | $319,045,000 | $205,000 | $2,005,000 | $148,000 | $3,389,000 |
| Not Provided | 203 | $57,275,000 | $282,000 | $2,005,000 | $171,000 | $3,933,000 |
| Hispanic | 65 | $10,525,000 | $161,000 | $755,000 | $114,000 | $933,000 |
| Not applicable | 61 | $22,835,000 | $374,000 | $3,405,000 | $0 | $0 |
| Asian | 32 | $9,230,000 | $288,000 | $765,000 | $198,000 | $760,000 |
| Black or African American | 27 | $8,325,000 | $308,000 | $755,000 | $150,000 | $1,200,000 |
| American Indian or Alaskan Native | 10 | $1,870,000 | $187,000 | $775,000 | $111,000 | $242,000 |
| 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) | 1,666 | $355,630,000 | $213,000 | $3,405,000 | $161,000 | $3,933,000 |
| FHA-insured (Federal Housing Administration) | 193 | $47,005,000 | $243,000 | $495,000 | $84,000 | $450,000 |
| VA-guaranteed (Veterans Administration) | 59 | $20,525,000 | $347,000 | $1,025,000 | $116,000 | $272,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $5,945,000 | $180,000 | $305,000 | $70,000 | $106,000 |
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 | 1,358 | $289,510,000 | $213,000 | $3,405,000 | $155,000 | $3,933,000 |
| Application Withdrawn By Applicant | 322 | $86,540,000 | $268,000 | $2,005,000 | $169,000 | $3,389,000 |
| Application Denied By Financial Institution | 245 | $48,385,000 | $197,000 | $1,355,000 | $83,000 | $579,000 |
| Application Approved But Not Accepted | 14 | $2,310,000 | $165,000 | $415,000 | $115,000 | $218,000 |
| File Closed For Incompleteness | 12 | $2,360,000 | $196,000 | $1,125,000 | $187,000 | $856,000 |
| 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 | 1,706 | $380,720,000 | $223,000 | $3,405,000 | $158,000 | $3,933,000 |
| Debt-To-Income Ratio | 145 | $30,315,000 | $209,000 | $1,315,000 | $76,000 | $471,000 |
| Credit History | 69 | $10,485,000 | $151,000 | $1,025,000 | $88,000 | $242,000 |
| Collateral | 18 | $2,640,000 | $146,000 | $515,000 | $124,000 | $579,000 |
| Other | 9 | $4,115,000 | $457,000 | $1,355,000 | $132,000 | $425,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $830,000 | $207,000 | $225,000 | $74,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank & Trust's 2024 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About