Pioneer Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Pioneer Bank & Trust of Spearfish, SD reported 229 mortgage applications totaling $25.0 million, up 8% from 2009. The average application was for $109,048, and applicants reported an average income of $59,755. 57% of its applications resulted in an originated loan and 25% were denied. Its largest market was Rapid City, SD (125).
| 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 | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 229 |
| Total Mortgage Loan Application Amount | $24,972,000 |
| Average Mortgage Loan Application Amount | $109,048 |
| Highest Mortgage Loan Application Amount | $737,000 |
| Average Applicant Income | $59,755 |
| Highest Applicant Income | $410,000 |
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Act (HMDA) records Pioneer Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Pioneer Bank & Trust in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 115 | $15,628,000 | $135,000 | $737,000 | $58,000 | $384,000 |
| Home Purchase | 86 | $8,528,000 | $99,000 | $340,000 | $63,000 | $346,000 |
| Home Improvement | 28 | $816,000 | $29,000 | $195,000 | $57,000 | $410,000 |
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 | 199 | $20,477,000 | $102,000 | $730,000 | $66,000 | $410,000 |
| Not applicable | 20 | $4,086,000 | $204,000 | $737,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $250,000 | $62,000 | $106,000 | $60,000 | $91,000 |
| Hispanic | 3 | $69,000 | $23,000 | $48,000 | $46,000 | $94,000 |
| Not Provided | 3 | $90,000 | $30,000 | $60,000 | $54,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 210 | $22,321,000 | $106,000 | $737,000 | $61,000 | $410,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,301,000 | $144,000 | $274,000 | $63,000 | $143,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $897,000 | $179,000 | $320,000 | $29,000 | $71,000 |
| VA-guaranteed (Veterans Administration) | 5 | $453,000 | $90,000 | $128,000 | $34,000 | $80,000 |
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 | $12,726,000 | $97,000 | $737,000 | $62,000 | $410,000 |
| Application Denied By Financial Institution | 57 | $6,261,000 | $109,000 | $336,000 | $54,000 | $384,000 |
| Application Withdrawn By Applicant | 37 | $5,315,000 | $143,000 | $311,000 | $62,000 | $192,000 |
| Application Approved But Not Accepted | 3 | $210,000 | $70,000 | $130,000 | $56,000 | $94,000 |
| File Closed For Incompleteness | 2 | $460,000 | $230,000 | $247,000 | $81,000 | $100,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pioneer Bank & Trust's 2010 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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