Central Bank in South Dakota vs the state
5.1%Denial rate-7.67 pts vs state
6.2%Decision denial rate-9.58 pts vs state
77.2%Origination rate+11.12 pts vs state
6.50%Median rate0.00 pts vs state
-0.03Rate spread (pts)-0.21 pts vs state
$117kMedian applicant income
304Loans originated
20Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 277 | 225 | 4.7% | 6.50% | #22 |
| 2024 | 263 | 204 | 7.2% | 6.63% | #22 |
| 2025 | 394 | 304 | 5.1% | 6.50% | #18 |
What Central 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 Central Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 209 | 160 | 11 | 5.3% |
| Lincoln County | 99 | 77 | 6 | 6.1% |
| Union County | 33 | 25 | 2 | 6.1% |
| Brookings County | 21 | 17 | 0 | 0.0% |
| Clay County | 6 | 6 | 0 | 0.0% |
| Lake County | 4 | 3 | 0 | 0.0% |
| Turner County | 3 | 1 | 0 | 0.0% |
| Kingsbury County | 2 | 1 | 0 | 0.0% |
| Hughes County | 2 | 2 | 0 | 0.0% |
| Hamlin County | 2 | 0 | 1 | 50.0% |
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: 394 applications in 2025, of which 304 were originated and 20 denied.
5.1% of all applications, or 6.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Central Bank originated in South Dakota in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Central 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