First Interstate Bank in South Dakota vs the state
26.2%Denial rate+13.43 pts vs state
30.2%Decision denial rate+14.48 pts vs state
59.2%Origination rate-6.85 pts vs state
8.25%Median rate+1.75 pts vs state
1.06Rate spread (pts)+0.87 pts vs state
$106kMedian applicant income
364Loans originated
161Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 779 | 470 | 22.5% | 9.00% | #5 |
| 2024 | 664 | 420 | 21.5% | 9.25% | #7 |
| 2025 | 615 | 364 | 26.2% | 8.25% | #11 |
What First Interstate 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 First Interstate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lawrence County | 106 | 68 | 24 | 22.6% |
| Minnehaha County | 98 | 60 | 28 | 28.6% |
| Pennington County | 51 | 25 | 17 | 33.3% |
| Codington County | 44 | 30 | 10 | 22.7% |
| Brown County | 38 | 20 | 8 | 21.1% |
| Meade County | 34 | 17 | 13 | 38.2% |
| Fall River County | 30 | 16 | 12 | 40.0% |
| Lincoln County | 26 | 19 | 5 | 19.2% |
| Grant County | 18 | 11 | 1 | 5.6% |
| Butte County | 17 | 11 | 5 | 29.4% |
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: 615 applications in 2025, of which 364 were originated and 161 denied.
26.2% of all applications, or 30.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans First Interstate Bank originated in South Dakota in 2025 was 8.25%, against a statewide median of 6.50%.
About this data. Figures are First Interstate 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