Dacotah Bank in South Dakota vs the state
5.9%Denial rate-6.89 pts vs state
6.5%Decision denial rate-9.28 pts vs state
84.6%Origination rate+18.53 pts vs state
6.63%Median rate+0.13 pts vs state
0.21Rate spread (pts)+0.02 pts vs state
$90kMedian applicant income
433Loans originated
30Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 501 | 422 | 5.4% | 6.63% | #12 |
| 2024 | 490 | 414 | 6.3% | 6.88% | #13 |
| 2025 | 512 | 433 | 5.9% | 6.63% | #16 |
What Dacotah 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 Dacotah Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Brown County | 137 | 115 | 6 | 4.4% |
| Pennington County | 56 | 47 | 2 | 3.6% |
| Minnehaha County | 50 | 44 | 4 | 8.0% |
| Codington County | 47 | 45 | 2 | 4.3% |
| Day County | 24 | 22 | 0 | 0.0% |
| Clark County | 19 | 15 | 3 | 15.8% |
| Custer County | 17 | 17 | 0 | 0.0% |
| Lincoln County | 17 | 14 | 1 | 5.9% |
| Brookings County | 17 | 14 | 1 | 5.9% |
| Walworth County | 17 | 13 | 1 | 5.9% |
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: 512 applications in 2025, of which 433 were originated and 30 denied.
5.9% of all applications, or 6.5% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Dacotah Bank originated in South Dakota in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Dacotah 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