Cardinal Financial Company, Limited Partnership in South Dakota vs the state
9.8%Denial rate-2.99 pts vs state
10.3%Decision denial rate-5.47 pts vs state
75.6%Origination rate+9.57 pts vs state
7.13%Median rate+0.63 pts vs state
0.95Rate spread (pts)+0.76 pts vs state
$110kMedian applicant income
31Loans originated
4Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 13 | 9 | 7.7% | 7.31% | #106 |
| 2024 | 36 | 27 | 11.1% | 6.99% | #77 |
| 2025 | 41 | 31 | 9.8% | 7.13% | #82 |
What Cardinal Financial Company, Limited Partnership lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Cardinal Financial Company, Limited Partnership applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Brookings County | 14 | 10 | 1 | 7.1% |
| Minnehaha County | 6 | 4 | 1 | 16.7% |
| Hamlin County | 5 | 5 | 0 | 0.0% |
| Davison County | 4 | 2 | 2 | 50.0% |
| Douglas County | 3 | 3 | 0 | 0.0% |
| Hanson County | 2 | 2 | 0 | 0.0% |
| Pennington County | 2 | 0 | 0 | 0.0% |
| Spink County | 2 | 2 | 0 | 0.0% |
| Walworth County | 1 | 1 | 0 | 0.0% |
| Meade County | 1 | 1 | 0 | 0.0% |
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: 41 applications in 2025, of which 31 were originated and 4 denied.
9.8% of all applications, or 10.3% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Cardinal Financial Company, Limited Partnership originated in South Dakota in 2025 was 7.13%, against a statewide median of 6.50%.
About this data. Figures are Cardinal Financial Company, Limited Partnership'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