Heritage Bank in South Dakota vs the state
6.3%Denial rate-6.50 pts vs state
9.1%Decision denial rate-6.64 pts vs state
62.5%Origination rate-3.54 pts vs state
—Median rate
—Rate spread (pts)
$94kMedian applicant income
10Loans originated
1Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 26 | 17 | 23.1% | 6.50% | #85 |
| 2024 | 15 | 13 | 0.0% | — | #106 |
| 2025 | 16 | 10 | 6.3% | — | #114 |
What Heritage 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 Heritage Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 6 | 3 | 0 | 0.0% |
| Lincoln County | 5 | 4 | 0 | 0.0% |
| Grant County | 2 | 0 | 1 | 50.0% |
| Charles Mix County | 2 | 2 | 0 | 0.0% |
| Yankton 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: 16 applications in 2025, of which 10 were originated and 1 denied.
6.3% of all applications, or 9.1% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Heritage 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