First Bank & Trust in South Dakota vs the state
11.2%Denial rate-1.54 pts vs state
13.1%Decision denial rate-2.60 pts vs state
73.6%Origination rate+7.60 pts vs state
6.63%Median rate+0.13 pts vs state
0.13Rate spread (pts)-0.05 pts vs state
$106kMedian applicant income
972Loans originated
148Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,312 | 917 | 11.6% | 6.50% | #2 |
| 2024 | 1,373 | 980 | 11.1% | 6.75% | #3 |
| 2025 | 1,320 | 972 | 11.2% | 6.63% | #3 |
What First Bank & Trust lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most First Bank & Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 363 | 267 | 36 | 9.9% |
| Brookings County | 296 | 214 | 29 | 9.8% |
| Lincoln County | 191 | 143 | 21 | 11.0% |
| Codington County | 108 | 92 | 7 | 6.5% |
| Grant County | 96 | 74 | 10 | 10.4% |
| Lake County | 45 | 35 | 8 | 17.8% |
| Deuel County | 31 | 19 | 4 | 12.9% |
| Clay County | 27 | 19 | 5 | 18.5% |
| Kingsbury County | 26 | 17 | 6 | 23.1% |
| Hamlin County | 23 | 20 | 2 | 8.7% |
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% |
| 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% |
| First Interstate Bank | D | 615 | 26.2% | 8.25% |
Frequently asked questions
South Dakota: 1,320 applications in 2025, of which 972 were originated and 148 denied.
11.2% of all applications, or 13.1% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans First Bank & Trust originated in South Dakota in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are First Bank & Trust'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