Discover Bank in South Dakota vs the state
54.9%Denial rate+42.14 pts vs state
76.8%Decision denial rate+61.11 pts vs state
15.8%Origination rate-50.25 pts vs state
8.95%Median rate+2.45 pts vs state
2.46Rate spread (pts)+2.28 pts vs state
$95kMedian applicant income
21Loans originated
73Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 489 | 82 | 42.1% | 9.04% | #13 |
| 2024 | 460 | 82 | 48.9% | 8.63% | #14 |
| 2025 | 133 | 21 | 54.9% | 8.95% | #48 |
What Discover 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 Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 40 | 5 | 24 | 60.0% |
| Pennington County | 16 | 4 | 6 | 37.5% |
| Lincoln County | 13 | 2 | 7 | 53.8% |
| Brown County | 6 | 0 | 6 | 100.0% |
| Union County | 5 | 0 | 4 | 80.0% |
| Lawrence County | 5 | 1 | 1 | 20.0% |
| Hughes County | 5 | 0 | 4 | 80.0% |
| Brookings County | 4 | 0 | 2 | 50.0% |
| Meade County | 4 | 2 | 1 | 25.0% |
| Codington County | 3 | 0 | 2 | 66.7% |
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: 133 applications in 2025, of which 21 were originated and 73 denied.
54.9% of all applications, or 76.8% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Discover Bank originated in South Dakota in 2025 was 8.95%, against a statewide median of 6.50%.
About this data. Figures are Discover 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