First PREMIER Bank in South Dakota vs the state
11.7%Denial rate-1.01 pts vs state
14.4%Decision denial rate-1.37 pts vs state
67.8%Origination rate+1.78 pts vs state
6.88%Median rate+0.38 pts vs state
0.16Rate spread (pts)-0.02 pts vs state
$105kMedian applicant income
942Loans originated
163Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,213 | 762 | 13.6% | 7.00% | #4 |
| 2024 | 1,346 | 866 | 15.5% | 7.39% | #4 |
| 2025 | 1,389 | 942 | 11.7% | 6.88% | #2 |
What First PREMIER 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 PREMIER Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 720 | 470 | 91 | 12.6% |
| Lincoln County | 251 | 183 | 15 | 6.0% |
| Codington County | 105 | 87 | 5 | 4.8% |
| Lake County | 61 | 48 | 6 | 9.8% |
| Hamlin County | 45 | 29 | 5 | 11.1% |
| Turner County | 22 | 13 | 2 | 9.1% |
| Moody County | 21 | 16 | 2 | 9.5% |
| Clay County | 16 | 10 | 5 | 31.3% |
| Union County | 15 | 7 | 5 | 33.3% |
| Brookings County | 15 | 12 | 1 | 6.7% |
Other large lenders in South Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Plains Commerce Bank | B | 2,280 | 5.5% | 6.25% |
| First 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% |
| First Interstate Bank | D | 615 | 26.2% | 8.25% |
Frequently asked questions
South Dakota: 1,389 applications in 2025, of which 942 were originated and 163 denied.
11.7% of all applications, or 14.4% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans First PREMIER Bank originated in South Dakota in 2025 was 6.88%, against a statewide median of 6.50%.
About this data. Figures are First PREMIER 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