Pioneer Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Pioneer Bank & Trust of Spearfish, SD reported 238 mortgage applications totaling $24.8 million, up 5% from 2006. The average application was for $104,210, and applicants reported an average income of $61,277. 80% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Rapid City, SD (108), Casper, WY (1) and Sioux Falls, SD (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 | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 238 |
| Total Mortgage Loan Application Amount | $24,802,000 |
| Average Mortgage Loan Application Amount | $104,210 |
| Highest Mortgage Loan Application Amount | $838,000 |
| Average Applicant Income | $61,277 |
| Highest Applicant Income | $555,000 |
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Act (HMDA) records Pioneer Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pennington, South Dakota | 96 | $ 10,771,000 | $ 112,197 | $ 51,000 |
| Lawrence, South Dakota | 57 | $ 6,275,000 | $ 110,087 | $ 72,000 |
| Butte, South Dakota | 32 | $ 3,221,000 | $ 100,656 | $ 60,000 |
| Harding, South Dakota | 16 | $ 1,043,000 | $ 65,187 | $ 85,000 |
| Meade, South Dakota | 12 | $ 1,013,000 | $ 84,416 | $ 57,000 |
| Custer, South Dakota | 5 | $ 664,000 | $ 132,800 | $ 18,000 |
| Fall River, South Dakota | 4 | $ 414,000 | $ 103,500 | $ 76,000 |
| Campbell, Wyoming | 3 | $ 60,000 | $ 20,000 | $ 59,000 |
| Montgomery, Iowa | 2 | $ 17,000 | $ 8,500 | $ 0 |
| Crook, Wyoming | 2 | $ 145,000 | $ 72,500 | $ 67,000 |
| Pima, Arizona | 1 | $ 166,000 | $ 166,000 | $ 34,000 |
| Lincoln, Nebraska | 1 | $ 2,000 | $ 2,000 | $ 58,000 |
| Haakon, South Dakota | 1 | $ 68,000 | $ 68,000 | $ 36,000 |
| Lincoln, South Dakota | 1 | $ 369,000 | $ 369,000 | $ 0 |
| Shannon, South Dakota | 1 | $ 5,000 | $ 5,000 | $ 26,000 |
| Johnson, Wyoming | 1 | $ 403,000 | $ 403,000 | $ 98,000 |
| Natrona, Wyoming | 1 | $ 125,000 | $ 125,000 | $ 555,000 |
| Weston, Wyoming | 1 | $ 29,000 | $ 29,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Pioneer Bank & Trust in 2007
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 | 118 | $12,282,000 | $104,000 | $403,000 | $65,000 | $555,000 |
| Refinancing | 86 | $11,536,000 | $134,000 | $838,000 | $63,000 | $359,000 |
| Home Improvement | 34 | $984,000 | $28,000 | $100,000 | $44,000 | $211,000 |
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 | 221 | $19,975,000 | $90,000 | $403,000 | $65,000 | $555,000 |
| Not applicable | 12 | $4,567,000 | $380,000 | $838,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $246,000 | $82,000 | $143,000 | $23,000 | $62,000 |
| Black or African American | 1 | $12,000 | $12,000 | $12,000 | $88,000 | $88,000 |
| Not Provided | 1 | $2,000 | $2,000 | $2,000 | $58,000 | $58,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 233 | $24,001,000 | $103,000 | $838,000 | $61,000 | $555,000 |
| VA-guaranteed (Veterans Administration) | 3 | $594,000 | $198,000 | $290,000 | $58,000 | $99,000 |
| FHA-insured (Federal Housing Administration) | 1 | $80,000 | $80,000 | $80,000 | $56,000 | $56,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $127,000 | $127,000 | $127,000 | $19,000 | $19,000 |
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 | 191 | $19,556,000 | $102,000 | $838,000 | $61,000 | $555,000 |
| Application Denied By Financial Institution | 28 | $2,777,000 | $99,000 | $310,000 | $45,000 | $108,000 |
| Application Approved But Not Accepted | 10 | $1,081,000 | $108,000 | $167,000 | $63,000 | $155,000 |
| Application Withdrawn By Applicant | 8 | $1,308,000 | $163,000 | $265,000 | $117,000 | $260,000 |
| File Closed For Incompleteness | 1 | $80,000 | $80,000 | $80,000 | $56,000 | $56,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 10 | $703,000 | $70,000 | $164,000 | $39,000 | $79,000 |
| Debt-To-Income Ratio | 6 | $970,000 | $161,000 | $310,000 | $26,000 | $71,000 |
| Collateral | 6 | $335,000 | $55,000 | $111,000 | $55,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $389,000 | $129,000 | $145,000 | $53,000 | $99,000 |
| Other | 2 | $264,000 | $132,000 | $175,000 | $70,000 | $83,000 |
| Unverifiable Information | 1 | $116,000 | $116,000 | $116,000 | $98,000 | $98,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pioneer Bank & Trust's 2007 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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