First Premier Bank Mortgage Lending & HMDA Data, 2022
In 2022, First Premier Bank of Sioux Falls, SD reported 2,219 mortgage applications totaling $474.7 million, down 12% from 2021. The average application was for $213,922, and applicants reported an average income of $123,465. 66% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Sioux Falls, SD (1,490), Sioux City, IA-NE-SD (25) and Minneapolis-St. Paul-Bloomington, MN-WI (11) (applications in parentheses).
| Mortgage Company & Address | First Premier Bank 400 S Sycamore Ave, Suite 101 Sioux Falls, SD 57104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,219 |
| Total Mortgage Loan Application Amount | $474,695,000 |
| Average Mortgage Loan Application Amount | $213,922 |
| Highest Mortgage Loan Application Amount | $22,955,000 |
| Average Applicant Income | $123,465 |
| Highest Applicant Income | $3,360,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Premier Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Sioux Falls, SD | 1,490 | $ 318,590,000 | $ 213,818 | $ 123,000 |
| Outside any metro area | 582 | $ 98,840,000 | $ 169,828 | $ 99,104 |
| Sioux City, IA-NE-SD | 25 | $ 3,765,000 | $ 150,600 | $ 94,600 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 11 | $ 4,085,000 | $ 371,363 | $ 149,000 |
| Phoenix-Mesa-Scottsdale, AZ | 9 | $ 5,145,000 | $ 571,666 | $ 676,000 |
| Omaha-Council Bluffs, NE-IA | 6 | $ 1,310,000 | $ 218,333 | $ 171,000 |
| Rapid City, SD | 5 | $ 1,375,000 | $ 275,000 | $ 107,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 720,000 | $ 180,000 | $ 42,000 |
| Lincoln, NE | 4 | $ 1,140,000 | $ 285,000 | $ 70,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 1,840,000 | $ 460,000 | $ 652,000 |
| Dallas-Plano-Irving, TX | 3 | $ 815,000 | $ 271,666 | $ 63,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 115,000 | $ 38,333 | $ 305,000 |
| St. Cloud, MN | 3 | $ 355,000 | $ 118,333 | $ 178,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 390,000 | $ 195,000 | $ 490,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,020,000 | $ 510,000 | $ 71,000 |
| Cincinnati, OH-KY-IN | 2 | $ 290,000 | $ 145,000 | $ 123,500 |
| Des Moines-West Des Moines, IA | 2 | $ 650,000 | $ 325,000 | $ 269,000 |
| Fresno, CA | 2 | $ 370,000 | $ 185,000 | $ 0 |
| Grand Forks, ND-MN | 2 | $ 240,000 | $ 120,000 | $ 79,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 870,000 | $ 435,000 | $ 49,000 |
| Ocala, FL | 2 | $ 420,000 | $ 210,000 | $ 71,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 510,000 | $ 255,000 | $ 68,000 |
| San Antonio-New Braunfels, TX | 2 | $ 110,000 | $ 55,000 | $ 16,000 |
| Tallahassee, FL | 2 | $ 290,000 | $ 145,000 | $ 371,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 100,000 | $ 50,000 | $ 60,000 |
| Amarillo, TX | 1 | $ 15,000 | $ 15,000 | $ 654,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 25,000 | $ 25,000 | $ 73,000 |
| Bismarck, ND | 1 | $ 295,000 | $ 295,000 | $ 110,000 |
| Chambersburg-Waynesboro, PA | 1 | $ 5,000 | $ 5,000 | $ 11,000 |
| Charleston, WV | 1 | $ 15,000 | $ 15,000 | $ 235,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 85,000 | $ 85,000 | $ 960,000 |
| Chicago-Naperville, IL | 1 | $ 235,000 | $ 235,000 | $ 372,000 |
| Columbia, SC | 1 | $ 25,000 | $ 25,000 | $ 12,000 |
| Columbus, OH | 1 | $ 85,000 | $ 85,000 | $ 1,224,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 755,000 | $ 755,000 | $ 6,000 |
| Evansville, IN-KY | 1 | $ 675,000 | $ 675,000 | $ 108,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 22,955,000 | $ 22,955,000 | $ 197,000 |
| Grants Pass, OR | 1 | $ 255,000 | $ 255,000 | $ 47,000 |
| Houma-Thibodaux, LA | 1 | $ 495,000 | $ 495,000 | $ 10,000 |
| Huntsville, AL | 1 | $ 335,000 | $ 335,000 | $ 100,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 5,000 | $ 5,000 | $ 0 |
| Lafayette, LA | 1 | $ 15,000 | $ 15,000 | $ 1,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 645,000 | $ 645,000 | $ 957,000 |
| Lakeland-Winter Haven, FL | 1 | $ 25,000 | $ 25,000 | $ 2,587,000 |
| Longview, TX | 1 | $ 105,000 | $ 105,000 | $ 192,000 |
| Madison, WI | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Monroe, MI | 1 | $ 125,000 | $ 125,000 | $ 25,000 |
| Montgomery, AL | 1 | $ 35,000 | $ 35,000 | $ 96,000 |
| Nassau County-Suffolk County, NY | 1 | $ 205,000 | $ 205,000 | $ 58,000 |
| New Orleans-Metairie, LA | 1 | $ 155,000 | $ 155,000 | $ 28,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 15,000 | $ 15,000 | $ 895,000 |
| Newark, NJ-PA | 1 | $ 45,000 | $ 45,000 | $ 203,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 85,000 | $ 85,000 | $ 276,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 205,000 | $ 205,000 | $ 557,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 355,000 | $ 355,000 | $ 56,000 |
| Pittsburgh, PA | 1 | $ 145,000 | $ 145,000 | $ 49,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 435,000 | $ 435,000 | $ 54,000 |
| Punta Gorda, FL | 1 | $ 255,000 | $ 255,000 | $ 70,000 |
| Raleigh, NC | 1 | $ 5,000 | $ 5,000 | $ 0 |
| Reno, NV | 1 | $ 35,000 | $ 35,000 | $ 87,000 |
| Rochester, MN | 1 | $ 275,000 | $ 275,000 | $ 68,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 405,000 | $ 405,000 | $ 36,000 |
| San Juan-Carolina-Caguas, PR | 1 | $ 75,000 | $ 75,000 | $ 228,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 805,000 | $ 805,000 | $ 121,000 |
| Spartanburg, SC | 1 | $ 65,000 | $ 65,000 | $ 11,000 |
| Springfield, IL | 1 | $ 105,000 | $ 105,000 | $ 3,273,000 |
| Tacoma-Lakewood, WA | 1 | $ 55,000 | $ 55,000 | $ 24,000 |
| Toledo, OH | 1 | $ 95,000 | $ 95,000 | $ 170,000 |
| Tulsa, OK | 1 | $ 35,000 | $ 35,000 | $ 71,000 |
| Wenatchee, WA | 1 | $ 5,000 | $ 5,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for First Premier Bank in 2022
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 | 1,281 | $346,445,000 | $270,000 | $22,955,000 | $111,000 | $1,800,000 |
| Refinancing | 292 | $51,070,000 | $174,000 | $1,565,000 | $150,000 | $3,273,000 |
| Home Improvement | 283 | $20,475,000 | $72,000 | $545,000 | $132,000 | $1,121,000 |
| Cash-out Refinancing | 205 | $42,355,000 | $206,000 | $2,505,000 | $156,000 | $3,360,000 |
| Other Purpose | 158 | $14,350,000 | $90,000 | $645,000 | $118,000 | $559,000 |
| 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 | 1,697 | $337,745,000 | $199,000 | $2,505,000 | $122,000 | $1,800,000 |
| Not Provided | 212 | $79,180,000 | $373,000 | $22,955,000 | $133,000 | $3,360,000 |
| Hispanic | 136 | $24,410,000 | $179,000 | $625,000 | $134,000 | $3,273,000 |
| Black or African American | 80 | $16,130,000 | $201,000 | $525,000 | $121,000 | $895,000 |
| Not applicable | 45 | $6,945,000 | $154,000 | $645,000 | $0 | $0 |
| American Indian or Alaskan Native | 25 | $4,345,000 | $173,000 | $755,000 | $90,000 | $960,000 |
| Asian | 22 | $5,630,000 | $255,000 | $525,000 | $146,000 | $524,000 |
| 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) | 1,753 | $367,695,000 | $209,000 | $22,955,000 | $134,000 | $3,360,000 |
| FHA-insured (Federal Housing Administration) | 377 | $78,405,000 | $207,000 | $565,000 | $70,000 | $323,000 |
| VA-guaranteed (Veterans Administration) | 69 | $25,085,000 | $363,000 | $1,565,000 | $133,000 | $1,200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $3,510,000 | $175,000 | $335,000 | $219,000 | $3,273,000 |
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 | 1,461 | $290,535,000 | $198,000 | $1,445,000 | $120,000 | $1,331,000 |
| Application Withdrawn By Applicant | 463 | $108,115,000 | $233,000 | $2,505,000 | $131,000 | $2,587,000 |
| Application Denied By Financial Institution | 269 | $46,635,000 | $173,000 | $1,985,000 | $126,000 | $3,360,000 |
| Application Approved But Not Accepted | 16 | $2,530,000 | $158,000 | $645,000 | $144,000 | $957,000 |
| File Closed For Incompleteness | 10 | $26,880,000 | $2,688,000 | $22,955,000 | $119,000 | $217,000 |
| 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 | 1,950 | $428,060,000 | $219,000 | $22,955,000 | $123,000 | $2,587,000 |
| Credit History | 95 | $16,195,000 | $170,000 | $1,005,000 | $148,000 | $3,360,000 |
| Other | 92 | $13,270,000 | $144,000 | $805,000 | $162,000 | $3,273,000 |
| Debt-To-Income Ratio | 67 | $14,235,000 | $212,000 | $1,985,000 | $62,000 | $298,000 |
| Collateral | 10 | $2,050,000 | $205,000 | $645,000 | $72,000 | $191,000 |
| Employment History | 2 | $620,000 | $310,000 | $405,000 | $74,000 | $99,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $150,000 | $75,000 | $95,000 | $41,000 | $56,000 |
| Credit Application Incomplete | 1 | $115,000 | $115,000 | $115,000 | $36,000 | $36,000 |
| Unverifiable Information | 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 Premier Bank's 2022 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 Premier Bank'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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