First Nat'l Bank of S Dakota Mortgage Lending & HMDA Data, 2007
In 2007, First Nat'l Bank of S Dakota of Yankton, SD reported 197 mortgage applications totaling $16.7 million. The average application was for $84,847, and applicants reported an average income of $71,857. 66% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Sioux Falls, SD (12), Iowa City, IA (1) and Lake County-Kenosha County, IL-WI (1) (applications in parentheses).
| Mortgage Company & Address | First Nat'l Bank of S Dakota 332 Broadway Yankton, SD 57078 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 197 |
| Total Mortgage Loan Application Amount | $16,715,000 |
| Average Mortgage Loan Application Amount | $84,847 |
| Highest Mortgage Loan Application Amount | $1,350,000 |
| Average Applicant Income | $71,857 |
| Highest Applicant Income | $1,277,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Nat'l Bank of S Dakota filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Nat'l Bank of S Dakota in 2007
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 | 91 | $9,772,000 | $107,000 | $750,000 | $86,000 | $1,216,000 |
| Home Improvement | 68 | $4,011,000 | $58,000 | $1,350,000 | $59,000 | $1,277,000 |
| Refinancing | 38 | $2,932,000 | $77,000 | $296,000 | $61,000 | $271,000 |
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 | 184 | $14,171,000 | $77,000 | $1,200,000 | $72,000 | $1,277,000 |
| Not applicable | 6 | $2,326,000 | $387,000 | $1,350,000 | $82,000 | $494,000 |
| Not Provided | 4 | $130,000 | $32,000 | $55,000 | $62,000 | $100,000 |
| Asian | 2 | $44,000 | $22,000 | $23,000 | $39,000 | $40,000 |
| Black or African American | 1 | $44,000 | $44,000 | $44,000 | $28,000 | $28,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 168 | $14,150,000 | $84,000 | $1,350,000 | $78,000 | $1,277,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $1,759,000 | $73,000 | $130,000 | $28,000 | $61,000 |
| VA-guaranteed (Veterans Administration) | 4 | $800,000 | $200,000 | $248,000 | $86,000 | $98,000 |
| FHA-insured (Federal Housing Administration) | 1 | $6,000 | $6,000 | $6,000 | $69,000 | $69,000 |
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 | 130 | $10,709,000 | $82,000 | $1,350,000 | $69,000 | $563,000 |
| Application Denied By Financial Institution | 42 | $3,876,000 | $92,000 | $1,200,000 | $66,000 | $1,277,000 |
| Application Withdrawn By Applicant | 20 | $1,506,000 | $75,000 | $159,000 | $103,000 | $1,216,000 |
| Application Approved But Not Accepted | 3 | $195,000 | $65,000 | $168,000 | $52,000 | $69,000 |
| File Closed For Incompleteness | 2 | $429,000 | $214,000 | $296,000 | $71,000 | $76,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 17 | $859,000 | $50,000 | $185,000 | $38,000 | $114,000 |
| Credit History | 14 | $1,966,000 | $140,000 | $1,200,000 | $119,000 | $1,277,000 |
| Collateral | 7 | $663,000 | $94,000 | $178,000 | $48,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $292,000 | $146,000 | $252,000 | $49,000 | $64,000 |
| Unverifiable Information | 1 | $46,000 | $46,000 | $46,000 | $26,000 | $26,000 |
| Employment History | 1 | $50,000 | $50,000 | $50,000 | $0 | $0 |
| Credit Application Incomplete | 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 Nat'l Bank of S Dakota's 2007 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 Nat'l Bank of S Dakota'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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