First Premier Bank Mortgage Lending & HMDA Data, 2024
In 2024, First Premier Bank of Sioux Falls, SD reported 1,495 mortgage applications totaling $330.8 million, up 9% from 2023. The average application was for $221,237, and applicants reported an average income of $129,315. 61% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Sioux Falls, SD (984), Sioux City, IA-NE-SD (18) and Chicago-Naperville, IL (4) (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 | 1,495 |
| Total Mortgage Loan Application Amount | $330,750,000 |
| Average Mortgage Loan Application Amount | $221,237 |
| Highest Mortgage Loan Application Amount | $4,215,000 |
| Average Applicant Income | $129,315 |
| Highest Applicant Income | $1,462,000 |
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Act (HMDA) records First Premier Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 984 | $ 233,320,000 | $ 237,113 | $ 136,341 |
| Outside any metro area | 428 | $ 82,250,000 | $ 192,172 | $ 114,597 |
| Sioux City, IA-NE-SD | 18 | $ 3,010,000 | $ 167,222 | $ 86,000 |
| Chicago-Naperville, IL | 4 | $ 570,000 | $ 142,500 | $ 0 |
| Baltimore-Columbia-Towson, MD | 3 | $ 185,000 | $ 61,666 | $ 744,000 |
| Duluth, MN-WI | 3 | $ 495,000 | $ 165,000 | $ 67,000 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 465,000 | $ 155,000 | $ 60,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 1,025,000 | $ 341,666 | $ 120,000 |
| Philadelphia, PA | 3 | $ 895,000 | $ 298,333 | $ 61,000 |
| Tampa, FL | 3 | $ 865,000 | $ 288,333 | $ 37,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 490,000 | $ 245,000 | $ 86,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 105,000 | $ 52,500 | $ 90,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 580,000 | $ 290,000 | $ 216,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 460,000 | $ 230,000 | $ 105,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 255,000 | $ 255,000 | $ 240,000 |
| Birmingham-Hoover, AL | 1 | $ 35,000 | $ 35,000 | $ 960,000 |
| Charleston, WV | 1 | $ 125,000 | $ 125,000 | $ 98,000 |
| Cincinnati, OH-KY-IN | 1 | $ 125,000 | $ 125,000 | $ 54,000 |
| Cleveland, OH | 1 | $ 35,000 | $ 35,000 | $ 69,000 |
| Colorado Springs, CO | 1 | $ 305,000 | $ 305,000 | $ 136,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
| Dothan, AL | 1 | $ 5,000 | $ 5,000 | $ 16,000 |
| Fort Worth-Arlington, TX | 1 | $ 185,000 | $ 185,000 | $ 24,000 |
| Greeley, CO | 1 | $ 205,000 | $ 205,000 | $ 67,000 |
| Guayama, PR | 1 | $ 25,000 | $ 25,000 | $ 18,000 |
| Harrisonburg, VA | 1 | $ 155,000 | $ 155,000 | $ 24,000 |
| Homosassa Springs, FL | 1 | $ 105,000 | $ 105,000 | $ 796,000 |
| Kokomo, IN | 1 | $ 185,000 | $ 185,000 | $ 36,000 |
| Lake Charles, LA | 1 | $ 15,000 | $ 15,000 | $ 37,000 |
| Lancaster, PA | 1 | $ 235,000 | $ 235,000 | $ 50,000 |
| Lincoln, NE | 1 | $ 305,000 | $ 305,000 | $ 126,000 |
| Lubbock, TX | 1 | $ 55,000 | $ 55,000 | $ 102,000 |
| Mayagnez, PR | 1 | $ 305,000 | $ 305,000 | $ 44,000 |
| Nassau County-Suffolk County, NY | 1 | $ 475,000 | $ 475,000 | $ 48,000 |
| New Orleans-Metairie, LA | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 165,000 | $ 165,000 | $ 135,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 65,000 | $ 65,000 | $ 25,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 255,000 | $ 255,000 | $ 84,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 135,000 | $ 135,000 | $ 15,000 |
| Providence-Warwick, RI-MA | 1 | $ 545,000 | $ 545,000 | $ 144,000 |
| Raleigh, NC | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Rapid City, SD | 1 | $ 305,000 | $ 305,000 | $ 177,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 25,000 | $ 25,000 | $ 159,000 |
| San Antonio-New Braunfels, TX | 1 | $ 195,000 | $ 195,000 | $ 107,000 |
| Springfield, MA | 1 | $ 285,000 | $ 285,000 | $ 48,000 |
| Tucson, AZ | 1 | $ 55,000 | $ 55,000 | $ 55,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 375,000 | $ 375,000 | $ 144,000 |
| Winston-Salem, NC | 1 | $ 5,000 | $ 5,000 | $ 0 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 145,000 | $ 145,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for First Premier Bank 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 | 815 | $226,045,000 | $277,000 | $2,405,000 | $123,000 | $1,462,000 |
| Home Improvement | 259 | $27,465,000 | $106,000 | $4,215,000 | $134,000 | $892,000 |
| Refinancing | 240 | $50,835,000 | $212,000 | $2,005,000 | $135,000 | $979,000 |
| Cash-out Refinancing | 91 | $19,315,000 | $212,000 | $1,965,000 | $146,000 | $1,372,000 |
| Other Purpose | 90 | $7,090,000 | $78,000 | $475,000 | $141,000 | $863,000 |
| 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 | 1,129 | $240,085,000 | $212,000 | $2,405,000 | $132,000 | $1,462,000 |
| Hispanic | 169 | $34,595,000 | $204,000 | $905,000 | $90,000 | $1,372,000 |
| Not Provided | 68 | $17,410,000 | $256,000 | $905,000 | $153,000 | $850,000 |
| Black or African American | 65 | $16,465,000 | $253,000 | $475,000 | $155,000 | $1,351,000 |
| Not applicable | 31 | $13,855,000 | $446,000 | $4,215,000 | $0 | $0 |
| Asian | 22 | $6,645,000 | $316,000 | $685,000 | $160,000 | $538,000 |
| American Indian or Alaskan Native | 9 | $1,175,000 | $130,000 | $315,000 | $65,000 | $132,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $520,000 | $260,000 | $275,000 | $59,000 | $60,000 |
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) | 1,214 | $261,275,000 | $215,000 | $4,215,000 | $140,000 | $1,462,000 |
| FHA-insured (Federal Housing Administration) | 232 | $56,510,000 | $243,000 | $515,000 | $79,000 | $343,000 |
| VA-guaranteed (Veterans Administration) | 38 | $10,950,000 | $288,000 | $745,000 | $112,000 | $652,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $2,015,000 | $183,000 | $255,000 | $70,000 | $100,000 |
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 | 909 | $195,695,000 | $215,000 | $2,405,000 | $142,000 | $1,462,000 |
| Application Denied By Financial Institution | 293 | $60,450,000 | $207,000 | $4,215,000 | $91,000 | $1,372,000 |
| Application Withdrawn By Applicant | 275 | $71,335,000 | $259,000 | $1,965,000 | $126,000 | $979,000 |
| Application Approved But Not Accepted | 17 | $2,965,000 | $174,000 | $655,000 | $164,000 | $594,000 |
| File Closed For Incompleteness | 1 | $305,000 | $305,000 | $305,000 | $107,000 | $107,000 |
| 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 | 1,202 | $270,300,000 | $224,000 | $2,405,000 | $138,000 | $1,462,000 |
| Credit History | 95 | $17,765,000 | $187,000 | $2,005,000 | $82,000 | $335,000 |
| Debt-To-Income Ratio | 91 | $19,675,000 | $216,000 | $905,000 | $62,000 | $355,000 |
| Other | 71 | $11,020,000 | $157,000 | $545,000 | $153,000 | $1,372,000 |
| Collateral | 19 | $8,685,000 | $457,000 | $4,215,000 | $77,000 | $253,000 |
| Credit Application Incomplete | 5 | $795,000 | $159,000 | $265,000 | $244,000 | $796,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,195,000 | $239,000 | $445,000 | $72,000 | $126,000 |
| Employment History | 4 | $570,000 | $142,000 | $205,000 | $49,000 | $51,000 |
| Unverifiable Information | 3 | $745,000 | $248,000 | $305,000 | $50,000 | $152,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Premier Bank'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 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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with aggregated HMDA statistics today.
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