BMO Bank in South Dakota vs the state
27.2%Denial rate+14.42 pts vs state
33.3%Decision denial rate+17.60 pts vs state
53.3%Origination rate-12.78 pts vs state
8.68%Median rate+2.18 pts vs state
1.49Rate spread (pts)+1.31 pts vs state
$75kMedian applicant income
49Loans originated
25Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 55 | 29 | 30.9% | 7.74% | #60 |
| 2024 | 82 | 44 | 28.1% | 8.54% | #53 |
| 2025 | 92 | 49 | 27.2% | 8.68% | #57 |
What BMO Bank lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Clay County | 19 | 13 | 2 | 10.5% |
| Beadle County | 11 | 5 | 4 | 36.4% |
| Douglas County | 9 | 3 | 4 | 44.4% |
| Pennington County | 6 | 4 | 1 | 16.7% |
| Perkins County | 6 | 2 | 2 | 33.3% |
| Charles Mix County | 5 | 4 | 1 | 20.0% |
| Potter County | 5 | 2 | 1 | 20.0% |
| Bennett County | 4 | 2 | 2 | 50.0% |
| Minnehaha County | 4 | 4 | 0 | 0.0% |
| Spink County | 4 | 0 | 3 | 75.0% |
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% |
| Bankwest | F | 786 | 14.0% | 7.25% |
| 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% |
Frequently asked questions
South Dakota: 92 applications in 2025, of which 49 were originated and 25 denied.
27.2% of all applications, or 33.3% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans BMO Bank originated in South Dakota in 2025 was 8.68%, against a statewide median of 6.50%.
About this data. Figures are BMO 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