Granite Bank in South Dakota vs the state
8.4%Denial rate-4.34 pts vs state
10.2%Decision denial rate-5.53 pts vs state
74.1%Origination rate+8.07 pts vs state
6.25%Median rate-0.25 pts vs state
-0.14Rate spread (pts)-0.32 pts vs state
$97kMedian applicant income
229Loans originated
26Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 211 | 168 | 6.2% | 6.38% | #29 |
| 2025 | 309 | 229 | 8.4% | 6.25% | #23 |
What Granite 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 Granite Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 191 | 144 | 15 | 7.9% |
| Lawrence County | 27 | 17 | 2 | 7.4% |
| Meade County | 20 | 17 | 0 | 0.0% |
| Fall River County | 19 | 15 | 2 | 10.5% |
| Butte County | 16 | 12 | 0 | 0.0% |
| Custer County | 7 | 4 | 1 | 14.3% |
| Hughes County | 6 | 3 | 2 | 33.3% |
| Minnehaha County | 4 | 3 | 1 | 25.0% |
| Jackson County | 3 | 0 | 2 | 66.7% |
| Clay County | 3 | 3 | 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: 309 applications in 2025, of which 229 were originated and 26 denied.
8.4% of all applications, or 10.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Granite Bank originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Granite 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