Merchants 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
100.0%Origination rate+33.96 pts vs state
6.53%Median rate+0.03 pts vs state
0.03Rate spread (pts)-0.15 pts vs state
$89kMedian applicant income
11Loans originated
0Denied
What Merchants Bank lends in South Dakota
By loan purpose
By loan type
Where in South Dakota
Counties with the most Merchants Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Tripp County | 3 | 3 | 0 | 0.0% |
| Gregory County | 3 | 3 | 0 | 0.0% |
| Stanley County | 1 | 1 | 0 | 0.0% |
| Brown County | 1 | 1 | 0 | 0.0% |
| Roberts County | 1 | 1 | 0 | 0.0% |
| Charles Mix County | 1 | 1 | 0 | 0.0% |
| Codington 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: 11 applications in 2025, of which 11 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 Merchants Bank originated in South Dakota in 2025 was 6.53%, against a statewide median of 6.50%.
About this data. Figures are Merchants 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