Gateway First Bank in South Dakota vs the state
4.5%Denial rate-8.23 pts vs state
5.7%Decision denial rate-10.03 pts vs state
74.4%Origination rate+8.33 pts vs state
6.25%Median rate-0.25 pts vs state
-0.14Rate spread (pts)-0.32 pts vs state
$88kMedian applicant income
148Loans originated
9Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 432 | 333 | 5.6% | 6.50% | #15 |
| 2024 | 187 | 139 | 4.8% | 6.25% | #36 |
| 2025 | 199 | 148 | 4.5% | 6.25% | #32 |
What Gateway First 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 Gateway First Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 73 | 49 | 3 | 4.1% |
| Meade County | 54 | 48 | 1 | 1.9% |
| Lawrence County | 32 | 24 | 1 | 3.1% |
| Butte County | 26 | 20 | 0 | 0.0% |
| Custer County | 8 | 4 | 2 | 25.0% |
| Fall River County | 2 | 1 | 1 | 50.0% |
| Faulk County | 2 | 1 | 0 | 0.0% |
| Lyman County | 1 | 1 | 0 | 0.0% |
| Hughes County | 1 | 0 | 1 | 100.0% |
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: 199 applications in 2025, of which 148 were originated and 9 denied.
4.5% of all applications, or 5.7% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Gateway First Bank originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Gateway First 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