First National Bank of Omaha · South Dakota · 2025

First National Bank of Omaha in South Dakota: approval rate, denial rate and rates (2025)

First National Bank of Omaha took 94 mortgage applications in South Dakota in 2025, ranking #56 of 386 lenders active in the state. It originated 57.5% of them and denied 19.2% (24.7% of the applications it decided), against a statewide denial rate of 12.8%.

94Applicationsin SD
24.7%Decision denial ratestate 15.7%
6.88%Median ratestate 6.50%
$155,000Median loanstate $225,000
$10MVolume19 counties

First National Bank of Omaha in South Dakota vs the state

19.2%Denial rate+6.40 pts vs state
24.7%Decision denial rate+8.93 pts vs state
57.5%Origination rate-8.59 pts vs state
6.88%Median rate+0.38 pts vs state
0.36Rate spread (pts)+0.17 pts vs state
$87kMedian applicant income
54Loans originated
18Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202331422311.8%6.75%#21
202430621011.1%6.63%#19
2025945419.2%6.88%#56

What First National Bank of Omaha lends in South Dakota

By loan purpose

Home purchase 53 56% · 9.4% denied
Refinance 18 19% · 16.7% denied
Cash-out refinance 4 4% · 25.0% denied
Home improvement 11 12% · 36.4% denied
Other / HELOC 8 9% · 62.5% denied

By loan type

Conventional 85 90% · 18.8% denied
FHA 5 5% · 0.0% denied
VA 1 1% · 100.0% denied
USDA / RHS 3 3% · 33.3% denied

Why it denied South Dakota applicants

Credit history 11 61%
Debt-to-income ratio 4 22%
Collateral 3 17%

Where in South Dakota

Counties with the most First National Bank of Omaha applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Yankton County 40268 20.0%
Davison County 13100 0.0%
Bon Homme County 623 50.0%
Minnehaha County 521 20.0%
Beadle County 412 50.0%
Clay County 410 0.0%
Pennington County 330 0.0%
Brookings County 311 33.3%
Hutchinson County 311 33.3%
Sanborn County 210 0.0%

Other large lenders in South Dakota

LenderGradeApplicationsDenial rateMedian rate
Plains Commerce BankB 2,2805.5%6.25%
First PREMIER BankC 1,38911.7%6.88%
First Bank & TrustC 1,32011.2%6.63%
Black Hills Federal Credit UnionD 1,22323.0%7.75%
Rocket MortgageC 1,02716.9%6.75%
CMG MortgageA 9192.3%6.38%
BankwestF 78614.0%7.25%
First Dakota National BankA 6904.6%6.50%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 94 applications in 2025, of which 54 were originated and 18 denied.

19.2% of all applications, or 24.7% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans First National Bank of Omaha originated in South Dakota in 2025 was 6.88%, against a statewide median of 6.50%.

About this data. Figures are First National Bank of Omaha'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