Pioneer Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Pioneer Bank & Trust of Spearfish, SD reported 273 mortgage applications totaling $75.1 million, down 36% from 2021. The average application was for $275,256, and applicants reported an average income of $112,769. 75% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Rapid City, SD (107), Fort Worth-Arlington, TX (1) and Oklahoma City, OK (1) (applications in parentheses).
| Mortgage Company & Address | Pioneer Bank & Trust 125 E Colorado Blvd Ste 1a Spearfish, SD 57783 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 |
| Total Number of Mortgage Applications | 273 |
| Total Mortgage Loan Application Amount | $75,145,000 |
| Average Mortgage Loan Application Amount | $275,256 |
| Highest Mortgage Loan Application Amount | $2,805,000 |
| Average Applicant Income | $112,769 |
| Highest Applicant Income | $976,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pioneer Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lawrence, South Dakota | 84 | $ 28,470,000 | $ 338,928 | $ 146,000 |
| Pennington, South Dakota | 66 | $ 16,580,000 | $ 251,212 | $ 111,000 |
| Butte, South Dakota | 42 | $ 9,040,000 | $ 215,238 | $ 85,000 |
| Meade, South Dakota | 41 | $ 9,445,000 | $ 230,365 | $ 88,000 |
| Custer, South Dakota | 12 | $ 2,320,000 | $ 193,333 | $ 90,000 |
| Harding, South Dakota | 7 | $ 1,225,000 | $ 175,000 | $ 79,000 |
| Fall River, South Dakota | 4 | $ 1,550,000 | $ 387,500 | $ 99,000 |
| Carter, Montana | 3 | $ 435,000 | $ 145,000 | $ 107,000 |
| Crook, Wyoming | 3 | $ 735,000 | $ 245,000 | $ 80,000 |
| Haakon, South Dakota | 2 | $ 530,000 | $ 265,000 | $ 141,000 |
| Brown, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 45,000 |
| Madison, Montana | 1 | $ 2,425,000 | $ 2,425,000 | $ 0 |
| Stutsman, North Dakota | 1 | $ 115,000 | $ 115,000 | $ 347,000 |
| Oklahoma, Oklahoma | 1 | $ 355,000 | $ 355,000 | $ 74,000 |
| Hughes, South Dakota | 1 | $ 325,000 | $ 325,000 | $ 104,000 |
| Minnehaha, South Dakota | 1 | $ 285,000 | $ 285,000 | $ 88,000 |
| Sully, South Dakota | 1 | $ 475,000 | $ 475,000 | $ 202,000 |
| Parker, Texas | 1 | $ 525,000 | $ 525,000 | $ 127,000 |
| Sheridan, Wyoming | 1 | $ 245,000 | $ 245,000 | $ 66,000 |
Mortgage Loan Application Detail Totals for Pioneer Bank & Trust 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 | 192 | $61,380,000 | $319,000 | $2,805,000 | $122,000 | $976,000 |
| Refinancing | 31 | $4,625,000 | $149,000 | $335,000 | $84,000 | $191,000 |
| Cash-out Refinancing | 29 | $6,665,000 | $229,000 | $545,000 | $88,000 | $276,000 |
| Home Improvement | 11 | $715,000 | $65,000 | $175,000 | $86,000 | $194,000 |
| Other Purpose | 10 | $1,760,000 | $176,000 | $405,000 | $126,000 | $239,000 |
| 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 | 231 | $54,755,000 | $237,000 | $1,105,000 | $107,000 | $485,000 |
| Not applicable | 16 | $11,570,000 | $723,000 | $2,805,000 | $0 | $0 |
| Not Provided | 16 | $5,200,000 | $325,000 | $645,000 | $186,000 | $976,000 |
| Hispanic | 4 | $1,120,000 | $280,000 | $425,000 | $74,000 | $93,000 |
| American Indian or Alaskan Native | 2 | $890,000 | $445,000 | $765,000 | $241,000 | $465,000 |
| Black or African American | 2 | $80,000 | $40,000 | $45,000 | $87,000 | $151,000 |
| Asian | 1 | $1,205,000 | $1,205,000 | $1,205,000 | $163,000 | $163,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $325,000 | $325,000 | $325,000 | $150,000 | $150,000 |
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) | 264 | $71,840,000 | $272,000 | $2,805,000 | $112,000 | $976,000 |
| VA-guaranteed (Veterans Administration) | 6 | $2,400,000 | $400,000 | $555,000 | $128,000 | $202,000 |
| FHA-insured (Federal Housing Administration) | 2 | $660,000 | $330,000 | $375,000 | $88,000 | $88,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $245,000 | $245,000 | $245,000 | $81,000 | $81,000 |
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 | 204 | $54,770,000 | $268,000 | $2,805,000 | $107,000 | $465,000 |
| Application Withdrawn By Applicant | 43 | $12,325,000 | $286,000 | $1,155,000 | $121,000 | $485,000 |
| Application Denied By Financial Institution | 24 | $7,260,000 | $302,000 | $1,205,000 | $130,000 | $976,000 |
| Application Approved But Not Accepted | 2 | $790,000 | $395,000 | $465,000 | $198,000 | $266,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 273 | $75,145,000 | $275,000 | $2,805,000 | $113,000 | $976,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pioneer Bank & Trust'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 Pioneer 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.
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