Gate City Bank in South Dakota vs the state
0.0%Denial rate-12.75 pts vs state
0.0%Decision denial rate-15.73 pts vs state
44.4%Origination rate-21.60 pts vs state
5.88%Median rate-0.63 pts vs state
-0.11Rate spread (pts)-0.30 pts vs state
$202kMedian applicant income
4Loans originated
0Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 6 | 0.0% | 6.19% | #144 |
| 2024 | 10 | 4 | 30.0% | 5.88% | #128 |
| 2025 | 9 | 4 | 0.0% | 5.88% | #137 |
What Gate City Bank lends in South Dakota
By loan purpose
By loan type
Where in South Dakota
Counties with the most Gate City Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Codington County | 3 | 2 | 0 | 0.0% |
| Bon Homme County | 2 | 0 | 0 | 0.0% |
| Minnehaha County | 2 | 1 | 0 | 0.0% |
| Meade County | 1 | 0 | 0 | 0.0% |
| Lincoln County | 1 | 1 | 0 | 0.0% |
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: 9 applications in 2025, of which 4 were originated and 0 denied.
0.0% of all applications, or 0.0% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Gate City Bank originated in South Dakota in 2025 was 5.88%, against a statewide median of 6.50%.
About this data. Figures are Gate City 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