Bankwest in South Dakota vs the state
14.0%Denial rate+1.24 pts vs state
18.2%Decision denial rate+2.48 pts vs state
62.9%Origination rate-3.19 pts vs state
7.25%Median rate+0.75 pts vs state
0.57Rate spread (pts)+0.38 pts vs state
$81kMedian applicant income
494Loans originated
110Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 702 | 419 | 20.9% | 7.60% | #7 |
| 2024 | 767 | 481 | 18.1% | 7.75% | #6 |
| 2025 | 786 | 494 | 14.0% | 7.25% | #7 |
What Bankwest lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Bankwest applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hughes County | 150 | 111 | 12 | 8.0% |
| Pennington County | 108 | 65 | 16 | 14.8% |
| Minnehaha County | 70 | 34 | 18 | 25.7% |
| Lawrence County | 39 | 21 | 3 | 7.7% |
| Davison County | 36 | 32 | 2 | 5.6% |
| Stanley County | 35 | 18 | 7 | 20.0% |
| Meade County | 28 | 17 | 3 | 10.7% |
| Lincoln County | 25 | 10 | 7 | 28.0% |
| Lake County | 22 | 18 | 2 | 9.1% |
| Gregory County | 17 | 7 | 4 | 23.5% |
Other large lenders in South Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Plains Commerce Bank | B | 2,280 | 5.5% | 6.25% |
| First PREMIER Bank | C | 1,389 | 11.7% | 6.88% |
| First Bank & Trust | C | 1,320 | 11.2% | 6.63% |
| Black Hills Federal Credit Union | D | 1,223 | 23.0% | 7.75% |
| Rocket Mortgage | C | 1,027 | 16.9% | 6.75% |
| CMG Mortgage | A | 919 | 2.3% | 6.38% |
| First Dakota National Bank | A | 690 | 4.6% | 6.50% |
| Levo Federal Credit Union | B | 644 | 6.8% | 7.50% |
| U.S. Bank | D | 637 | 24.0% | 6.99% |
| First Interstate Bank | D | 615 | 26.2% | 8.25% |
Frequently asked questions
South Dakota: 786 applications in 2025, of which 494 were originated and 110 denied.
14.0% of all applications, or 18.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Bankwest originated in South Dakota in 2025 was 7.25%, against a statewide median of 6.50%.
About this data. Figures are Bankwest's own HMDA filing for properties located in South Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology