Pioneer Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Pioneer Bank & Trust of Spearfish, SD reported 173 mortgage applications totaling $61.4 million, up 7% from 2023. The average application was for $354,942, and applicants reported an average income of $164,531. 77% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Rapid City, SD (62), Phoenix-Mesa-Scottsdale, AZ (4) and Dayton-Springfield-Kettering, OH (2) (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 | 173 |
| Total Mortgage Loan Application Amount | $61,405,000 |
| Average Mortgage Loan Application Amount | $354,942 |
| Highest Mortgage Loan Application Amount | $5,505,000 |
| Average Applicant Income | $164,531 |
| Highest Applicant Income | $1,892,000 |
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Act (HMDA) records Pioneer Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 61 | $ 24,615,000 | $ 403,524 | $ 240,000 |
| Pennington, South Dakota | 44 | $ 17,480,000 | $ 397,272 | $ 126,000 |
| Butte, South Dakota | 26 | $ 7,320,000 | $ 281,538 | $ 113,000 |
| Meade, South Dakota | 16 | $ 5,570,000 | $ 348,125 | $ 123,000 |
| Fall River, South Dakota | 4 | $ 1,680,000 | $ 420,000 | $ 137,000 |
| Maricopa, Arizona | 3 | $ 1,115,000 | $ 371,666 | $ 96,000 |
| Harding, South Dakota | 3 | $ 495,000 | $ 165,000 | $ 125,000 |
| Carter, Montana | 2 | $ 200,000 | $ 100,000 | $ 166,000 |
| Montgomery, Ohio | 2 | $ 450,000 | $ 225,000 | $ 77,000 |
| Custer, South Dakota | 2 | $ 540,000 | $ 270,000 | $ 136,000 |
| Pinal, Arizona | 1 | $ 215,000 | $ 215,000 | $ 160,000 |
| Douglas, Colorado | 1 | $ 305,000 | $ 305,000 | $ 215,000 |
| Rosebud, Montana | 1 | $ 25,000 | $ 25,000 | $ 143,000 |
| Dawes, Nebraska | 1 | $ 145,000 | $ 145,000 | $ 172,000 |
| Bowman, North Dakota | 1 | $ 255,000 | $ 255,000 | $ 89,000 |
| Haakon, South Dakota | 1 | $ 205,000 | $ 205,000 | $ 70,000 |
| Hughes, South Dakota | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Roberts, South Dakota | 1 | $ 355,000 | $ 355,000 | $ 184,000 |
| Albany, Wyoming | 1 | $ 205,000 | $ 205,000 | $ 140,000 |
| Crook, Wyoming | 1 | $ 75,000 | $ 75,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Pioneer 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 | 120 | $44,130,000 | $367,000 | $2,175,000 | $171,000 | $817,000 |
| Refinancing | 18 | $11,390,000 | $632,000 | $5,505,000 | $210,000 | $1,892,000 |
| Other Purpose | 16 | $2,620,000 | $163,000 | $525,000 | $123,000 | $504,000 |
| Cash-out Refinancing | 15 | $2,815,000 | $187,000 | $305,000 | $112,000 | $200,000 |
| Home Improvement | 4 | $450,000 | $112,000 | $255,000 | $129,000 | $197,000 |
| 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 | 130 | $40,820,000 | $314,000 | $2,175,000 | $167,000 | $1,892,000 |
| Not Provided | 19 | $5,795,000 | $305,000 | $555,000 | $171,000 | $563,000 |
| Not applicable | 17 | $12,735,000 | $749,000 | $5,505,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $655,000 | $218,000 | $325,000 | $82,000 | $96,000 |
| Asian | 2 | $740,000 | $370,000 | $405,000 | $106,000 | $140,000 |
| Black or African American | 2 | $660,000 | $330,000 | $505,000 | $117,000 | $183,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 152 | $53,640,000 | $352,000 | $5,505,000 | $169,000 | $1,892,000 |
| VA-guaranteed (Veterans Administration) | 14 | $5,670,000 | $405,000 | $915,000 | $148,000 | $425,000 |
| FHA-insured (Federal Housing Administration) | 6 | $1,890,000 | $315,000 | $425,000 | $98,000 | $164,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $205,000 | $205,000 | $205,000 | $70,000 | $70,000 |
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 | 134 | $46,820,000 | $349,000 | $5,505,000 | $172,000 | $1,892,000 |
| Application Withdrawn By Applicant | 25 | $10,235,000 | $409,000 | $1,535,000 | $154,000 | $504,000 |
| Application Denied By Financial Institution | 8 | $2,610,000 | $326,000 | $905,000 | $101,000 | $226,000 |
| Application Approved But Not Accepted | 6 | $1,740,000 | $290,000 | $455,000 | $126,000 | $184,000 |
| 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 | 173 | $61,405,000 | $354,000 | $5,505,000 | $164,000 | $1,892,000 |
| 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 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 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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