Farm Credit Mid-America in South Dakota vs the state
12.6%Denial rate-0.16 pts vs state
15.7%Decision denial rate-0.08 pts vs state
63.6%Origination rate-2.40 pts vs state
7.00%Median rate+0.50 pts vs state
0.51Rate spread (pts)+0.33 pts vs state
$169kMedian applicant income
91Loans originated
18Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 124 | 82 | 13.7% | 7.13% | #39 |
| 2024 | 150 | 103 | 14.7% | 7.13% | #41 |
| 2025 | 143 | 91 | 12.6% | 7.00% | #46 |
What Farm Credit Mid-America lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Farm Credit Mid-America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 10 | 5 | 2 | 20.0% |
| Codington County | 10 | 10 | 0 | 0.0% |
| Brown County | 9 | 6 | 0 | 0.0% |
| Spink County | 7 | 4 | 0 | 0.0% |
| Yankton County | 7 | 5 | 0 | 0.0% |
| Turner County | 7 | 5 | 1 | 14.3% |
| Union County | 7 | 3 | 2 | 28.6% |
| Brookings County | 5 | 3 | 1 | 20.0% |
| Meade County | 5 | 2 | 2 | 40.0% |
| Beadle County | 4 | 2 | 1 | 25.0% |
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: 143 applications in 2025, of which 91 were originated and 18 denied.
12.6% of all applications, or 15.7% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Farm Credit Mid-America originated in South Dakota in 2025 was 7.00%, against a statewide median of 6.50%.
About this data. Figures are Farm Credit Mid-America'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