Black Hills Community Bank · South Dakota · 2025

Black Hills Community Bank in South Dakota: approval rate, denial rate and rates (2025)

Black Hills Community Bank took 167 mortgage applications in South Dakota in 2025, ranking #40 of 386 lenders active in the state. It originated 67.7% of them and denied 9.6% (12.2% of the applications it decided), against a statewide denial rate of 12.8%.

167Applicationsin SD
12.2%Decision denial ratestate 15.7%
Median ratestate 6.50%
$285,000Median loanstate $225,000
$42MVolume10 counties

Black Hills Community Bank in South Dakota vs the state

9.6%Denial rate-3.17 pts vs state
12.2%Decision denial rate-3.52 pts vs state
67.7%Origination rate+1.62 pts vs state
Median rate
Rate spread (pts)
$104kMedian applicant income
113Loans originated
16Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231601068.8%#36
20241411017.8%#43
20251671139.6%#40

What Black Hills Community Bank lends in South Dakota

By loan purpose

Home purchase 132 79% · 5.3% denied
Refinance 14 8% · 14.3% denied
Cash-out refinance 6 4% · 33.3% denied
Home improvement 6 4% · 33.3% denied
Other / HELOC 9 5% · 33.3% denied

By loan type

Conventional 127 76% · 8.7% denied
FHA 30 18% · 16.7% denied
VA 10 6% · 0.0% denied

Why it denied South Dakota applicants

Credit history 7 44%
Debt-to-income ratio 7 44%
Collateral 1 6%
Employment history 1 6%

Where in South Dakota

Counties with the most Black Hills Community Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pennington County 64418 12.5%
Lawrence County 44283 6.8%
Fall River County 24172 8.3%
Meade County 13102 15.4%
Butte County 11100 0.0%
Custer County 421 25.0%
Haakon County 320 0.0%
Minnehaha County 220 0.0%
Brown County 100 0.0%
Edmunds County 110 0.0%

Other large lenders in South Dakota

LenderGradeApplicationsDenial rateMedian rate
Plains Commerce BankB 2,2805.5%6.25%
First PREMIER BankC 1,38911.7%6.88%
First Bank & TrustC 1,32011.2%6.63%
Black Hills Federal Credit UnionD 1,22323.0%7.75%
Rocket MortgageC 1,02716.9%6.75%
CMG MortgageA 9192.3%6.38%
BankwestF 78614.0%7.25%
First Dakota National BankA 6904.6%6.50%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 167 applications in 2025, of which 113 were originated and 16 denied.

9.6% of all applications, or 12.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Black Hills Community Bank'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